News linked to both this project and an event.
Odaily News: In the insider trading case involving US stock options of Futu Holdings and UP Fintech (Tiger Brokers), two defendants had previously appeared—one individual and one investment institution. Now, a third defendant has surfaced in an attempt to unfreeze assets. According to a declaration submitted to a US court on July 23, the third defendant is identified as Yang Jingyao, whose Chinese name is Yang Jingyao, and who has been a Hong Kong resident since 2020. Yang Jingyao claims, "My personal assets far exceed my personal debts," and "I have no outstanding debts in arrears." According to public documents from the Hong Kong Stock Exchange, the single largest shareholder of Hong Kong-listed company Grand Power Logistics Group Inc. and the offeror in a previous mandatory general offer is also named "Yang Jingyao."Hong Kong Stock Exchange filings show that Yang Jingyao of Grand Power Logistics is currently 32 years old, and his mother is a wealthy individual from mainland China. Yang Jingyao is described as a businessman and private investor who has long invested in listed securities, information technology companies, startups, and other financial assets through brokers as well as wholly-owned private investment companies established in Hong Kong and the British Virgin Islands. However, there is currently no public evidence linking the securities accounts or funds involved in the US court's restraining order to the lapse of the Grand Power Logistics offer. (Caixin)
: Anthropic's secondary market valuation has surged to $1.2 trillion, representing an increase of approximately 550% compared to the same period last year. "Anthropic is the most sought-after company in the history of the venture capital secondary market," said Javier Avalos, CEO of secondary trading platform Caplight; on the platform, Anthropic shares are trading at a valuation of $1.2 trillion. Glenn Anderson, CEO of Rainmaker Securities, a commercial bank focusing on private securities trading, also stated that he has observed transactions at a $1.2 trillion valuation, but due to a scarcity of sellers, such deals remain extremely rare. Less than three months ago, reports indicated that Anthropic's valuation had reached $1 trillion, surpassing OpenAI for the first time. OpenAI's valuation has been significantly higher than Anthropic's in recent years, but it is currently valued at just $908 billion on the Caplight platform. According to Avalos, Anthropic's $1.2 trillion valuation represents a year-over-year increase of 550%. In its Series H funding round announced in May, the company was valued at $965 billion. (Business Insider)
According to CoinDesk, MemeCore ecosystem token M experienced a sharp decline, with its market capitalization dropping nearly $3 billion in a single day. As of now, the project has not issued a public statement regarding the token’s crash, sparking dissatisfaction within the community.
According to Business Insider, Michael Burry—renowned for shorting the U.S. housing bubble—has recently expressed skepticism about the high valuations of SpaceX and Anthropic.
Odaily News “1011 Insider Whale” agent Garrett Jin pointed out in his latest market commentary that, against the backdrop of the Middle East conflict, the Strait of Hormuz has been effectively “blockaded” for three months. However, the market has already become “desensitized” to this geopolitical risk, and the AI narrative is reshaping traditional risk pricing logic. As a result, AI is significantly weakening the market's sensitivity to oil prices and geopolitical shocks. Since the emergence of ceasefire signals, U.S. stocks have “decoupled” from energy shocks, with gains in chip and tech stocks offsetting the impact from the energy sector, leading the market to gradually overlook the Strait of Hormuz risk. Nevertheless, he cautioned that the AI sector faces short-term risks of overvaluation and crowded trades, and a pullback could occur at any time.In the energy market, the earlier assessment that the Strait of Hormuz risk had not been fully priced in has proven correct. Oil prices had risen due to supply shock expectations, but peaked and then declined following the release of strategic reserves and the U.S. intervention as a “supplier of last resort.” A successful exit was achieved on April 29-30. He believes the current risk-reward ratio for oil prices is no longer attractive.On the macro and equity market front, U.S. households' holdings of stocks as a percentage of financial assets have reached approximately 47%, surpassing the level seen during the internet bubble era. This means a market downturn would, in turn, constrain policy. The VIX volatility index triggered different policy shift thresholds around 30 and 50, reflecting a “risk-off driven policy” characteristic.In the gold market, the recent pullback in gold is not due to the fading of a war premium but rather changes in long-term structural demand. Since 2022, central banks globally have been purchasing gold at an average annual rate of over a thousand tons, primarily for de-dollarization and hedging against sanctions risks. He defines gold as “an ultimate exit tool outside the dollar system” rather than a mere safe-haven asset.In the crypto market, the liquidity inflection point occurred last October, with funds flowing more toward AI assets, leading to a periodic drain from the crypto market. However, he believes the market is currently in a cyclical bear phase. Rebound rallies exist, but they do not equate to the start of a new bull run. The market must wait for liquidity to restart in a new cycle. The AI era is emerging as the dominant capital narrative. Even if a bubble exists, the structural opportunities it brings represent “a rare window of opportunity for ordinary investors.” Nevertheless, market cycle discipline should not be overlooked.
Odaily News Anthropic has recently received investment intentions from multiple venture capital institutions, with some offers valuing the company as high as $800 billion, significantly above its current valuation level.Previously, Anthropic completed a funding round in February of this year with a valuation of approximately $380 billion; meanwhile, secondary market data from Caplight indicates its valuation has risen to around $688 billion. Data shows the company's annualized revenue has grown to approximately $30 billion, a substantial increase from the end of last year.Market participants stated that with the rapid development of AI models and related products, investor attention on Anthropic continues to rise, and the company is also seen as a potential IPO candidate. (Business Insider)