News Heat Trend
Project Overview
Reach is a SocialFi collaboration platform designed for creators and contributors within the Web3 community. Reach enables anyone looking to promote their content to tap into a pool of engaged, verified, and audited user base, and remunerate them for their contribution to their network effects. Developed as a Discord Bot, it allows creators to easily set up missions to promote their content. Missions can be tailored by the target audience and consist of follows, likes, retweets, and comments on Tweets on the X.com platform. Certain missions also have a reward (ETH) attributed to them, which is selected, and funded by the creator, others have leaderboard points rewards, which can be used to purchase missions.
Institutional Crypto Trading Platform LMAX Explores Sale or IPO, Valuation Could Reach $5 Billion
According to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a merger with a special purpose acquisition company, and an initial public offering in the US or Europe. Sources say the company's valuation could reach up to $5 billion, with a Nasdaq listing currently the preferred option.
Zhongji Innolight Approved to List in Hong Kong, Fundraising Scale Could Reach Up to $8 Billion
According to Bloomberg, Zhongji Innolight Co., Ltd. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to proceed with its Hong Kong listing plan. The company obtained the filing notice from the China Securities Regulatory Commission on Friday and had previously received clearance from the HKEX.
AI Chip Startup Positron Seeks $750 Million in Funding, Valuation Could Reach Up to $5 Billion
According to Bloomberg, AI chip startup Positron is negotiating a two-stage financing round targeting a raise of approximately $750 million. People familiar with the matter said the first stage values the company at approximately $3.5 billion, while the second stage valuation could rise to $5 billion.
Multicoin: HYPE Could Reach $319 by 2028
Multicoin has published a report stating that the market is severely underestimating the value of Hyperliquid's native token, HYPE, and believes it still has over 400% upside potential in the coming years. The firm estimates that, in a base case scenario, HYPE's price could reach approximately $319 by 2028.Multicoin believes the current market is too narrowly viewing Hyperliquid as a fast-growing decentralized perpetual contract exchange, when in reality it is evolving into an "Everything Exchange" covering multiple assets and trading scenarios.The report states that at the current price of around $63, HYPE is clearly mispriced. Multicoin estimates that by 2028, Hyperliquid's annualized profits could reach approximately $80 billion. Valued at a 20x earnings multiple, this would correspond to a HYPE price of around $319.Multicoin also disclosed that it has been actively buying HYPE since February of this year, and HYPE has become one of the largest holdings in its liquid hedge fund. Recently, HYPE broke through $76 to hit an all-time high, driven by positive catalysts such as ETF inflows, strong protocol revenue, and aggressive buyback plans. It subsequently pulled back with the broader market and was trading around $62.47 as of Thursday afternoon.
Gray-scale Research: AAVE Token’s Current Price Has Valuation Support; Reasonable Price in Base Case Scenario Could Reach $175 Within One Year
GreyScale Research’s report states that as the valuation framework for crypto assets gradually aligns with traditional financial analysis, decentralized finance (DeFi) protocols with clear cash flows and robust token value-capture mechanisms are attracting increased attention. Using Aave as an example, the report notes that Aave—the leading on-chain lending protocol—generates revenue primarily from lending spreads, treasury yields, and GHO-related activities (GHO being its native stablecoin). Following continuous improvements to its governance mechanism, the linkage between the protocol’s economics and the value accruing to AAVE token holders has strengthened.
Saudi media publishes 14-point memorandum of understanding terms between the US and Iran
Saudi Al Arabiya TV has published the terms of the 14-point memorandum of understanding between Iran and the US, providing more details than the version released by Iran's Mehr News Agency:1. Iran and the US, along with its allies in the current war, declare an immediate and permanent end to the war on all fronts, including Lebanon, upon the signing of this memorandum of understanding. They commit to refraining from any hostile actions against each other from now on, and to not threaten or use force against one another. The final agreement will confirm the provisions of this article and other clauses.(Permanent and immediate cessation of war on all fronts, including Lebanon.)2. Iran and the US commit to respecting each other's sovereignty and territorial integrity, and commit to non-interference in each other's internal affairs.(The US commits to non-interference in Iran's internal affairs and respects Iran's sovereignty.)3. Iran and the US commit to negotiating and reaching a final agreement within a maximum period of 60 days, which can be extended by mutual consent.(This clause is not included in the version released by Iranian media.)4. Upon the signing of this memorandum, the US will immediately lift the maritime blockade against Iran, preventing any interference or obstruction, and will restore Iran's full shipping capacity within a maximum of 30 days; the volume of vessel traffic should be proportional to pre-war levels. The US also commits to withdrawing its forces from the surrounding region within 30 days of the final agreement being reached.(Complete lifting of the maritime blockade against Iran within 30 days.)(The US commits to withdrawing its forces from around Iran.)5. Upon signing this memorandum, Iran will immediately take measures to ensure the resumption of commercial shipping from the Persian Gulf to the Sea of Oman to pre-war levels within 30 days, while taking into account Iran's need to clear technical obstacles and neutralize naval mines.(Under Iran's arrangement, the Strait of Hormuz will be reopened within 30 days.)6. The US will work with regional partners to develop a comprehensive plan, agreed upon by both parties, for the reconstruction and development of Iran, ensuring the provision of at least $300 billion in financial support. The implementation mechanism for this plan will be established within 60 days within the framework of the final agreement.(The US and its allies must provide Iran with a reconstruction plan worth at least $300 billion.)7. The US commits to terminating all types of sanctions currently in effect against Iran, including those from UN Security Council resolutions, International Atomic Energy Agency (IAEA) Board of Governors resolutions, and all primary and secondary sanctions unilaterally imposed by the US, within a timeframe agreed upon in the final agreement.(Reach a final agreement on the nuclear issue within 60 days, and fully lift all major and secondary US sanctions against Iran, as well as
Texas, US Cryptocurrency ATM Fraud Losses Reach $56.8 Million, Lawmakers Consider Stricter Restrictions
According to Decrypt, Texas lawmakers are considering stricter measures than mere regulation for cryptocurrency ATMs, even potentially pushing for a ban. According to FBI data, losses in Texas due to cryptocurrency ATM scams reached $56.8 million in 2025, the highest in the nation, with 1,179 corresponding complaints. Nationwide, losses in such cases increased by 58% year-over-year to $389 million.
Hong Kong Monetary Authority Launches Quantum Readiness Index, Banking Industry Scores Only 2.3 Points, Target to Reach Full Score by 2030
According to Cointelegraph, the Hong Kong Monetary Authority (HKMA) recently published a quantum security white paper and launched the industry's first Quantum Preparedness Index (QPI) to assess the banking sector's readiness to address quantum computing security threats. Survey results indicate that the overall QPI score for the banking sector is only 2.3 out of 10, with approximately half of the surveyed institutions yet to formulate formal post-quantum security plans. The HKMA aims for the entire industry to achieve a full score by 2030. The white paper points out that once quantum computers are capable of running Shor's algorithm at scale, they could potentially break existing RSA and elliptic curve encryption systems, thereby threatening the security of financial transaction authorization, authentication, and trust mechanisms.
SEC and Coinbase Reach Settlement in Lawsuit from Gensler Era
the U.S. SEC and Coinbase reached a settlement on Wednesday, ending a multi-year legal dispute over the handling of record requests during the Gensler era.According to court filings, the SEC agreed to pay $150,000 in legal fees to History Associates and release two documents that had been previously withheld. Additionally, the SEC will review its record management procedures, as well as the retention methods for communications such as text messages.The case originated from Coinbase suing the SEC and FDIC separately in 2024 through the consulting firm History Associates, accusing both regulatory agencies of failing to comply with Freedom of Information Act (FOIA) requests. Coinbase stated that these record requests were related to whether regulators were attempting to cut off the crypto industry's connection with the banking system.In a Wall Street Journal op-ed, Coinbase Chief Legal Officer Paul Grewal stated that former SEC Chairman Gary Gensler had launched a “litigation campaign” against the crypto industry. During Gensler's tenure, the SEC sued Coinbase and several other crypto companies, alleging they failed to comply with federal securities registration requirements.Grewal noted that the settlement has long-term implications, as the FDIC and SEC are rewriting disclosure and record-keeping practices, which could enhance regulatory transparency and limit the ability of regulators to overreach behind closed doors in the future.
Coinbase CEO: Self-Custody Is the Only Way for Crypto to Reach Over 1 Billion Users
Odaily News: Coinbase CEO Brian Armstrong stated that self-custody wallets are the only way to bring the open financial system to over 1 billion users. He pointed out that alternatives like the Coinbase App work well in developed countries with clearer regulations, but the U.S. only accounts for 4% of the global population. Armstrong noted that self-custody reduces friction in account opening and registration, is globally accessible, and scales via software, rather than requiring regulated entities and local teams in every country. He also added that AI agents adopting self-custody forms are better suited to access funds and complete tasks, and that even in developed nations, self-custody is crucial for economic freedom. Former Base lead Jesse Pollak previously announced his departure, handing over Base to Jordan Fish. Pollak stated that Base will be built as a global financial blockchain. Under Cobie's leadership, Base will pivot towards three core areas: trading, payments, and agents.
US Texas Crypto ATM Fraud Losses Reach $56.8 Million, Calls for Regulation Intensify
According to Cryptopolitan, approximately 1,200 people in Texas, USA lost a total of $56.8 million last year due to crypto ATM scams, the highest in the nation. The report noted that local crypto ATMs have long lacked state-level regulation, with scammers often impersonating law enforcement officers, courts, or utility companies to induce victims to deposit cash at the machines and convert it into cryptocurrency.
Serenity: Humanoid Robots May Reach Labor Substitution Tipping Point, VCs and Tech Giants Begin Adjusting Strategies
"White Hair Stock God" Serenity stated that when he first used ChatGPT in 2023, he believed large language models "performed poorly" in programming capabilities. However, three years later, the related technology has undergone a qualitative transformation. Modern cybersecurity and AI systems, represented by Mythos, now possess "weapon-level" capabilities. He believes the industry is currently entering a critical "inflection point," where humanoid robots and automation technologies are approaching the tipping point for large-scale replacement of human labor.Serenity noted that although outsiders often question whether humanoid robots can currently perform complex tasks such as pipe repair or electrical wiring, the direction of technological evolution is already very clear, with continued breakthroughs expected in the coming years. Market participants, including VCs and large tech companies, have begun adjusting their strategies. Some companies have internal plans to replace a significant amount of human labor with robots to reduce operational costs, referencing previous rumors about Amazon reducing hundreds of thousands of job openings through robotics.Serenity believes that highly regulated industries such as healthcare, ultra-high-skill professional positions, and service sectors relying on human emotional connections may still retain some resistance to substitution. However, the overall trend still points towards a "restructuring of labor." As competition between China and the U.S. intensifies in cutting-edge technology fields, humanoid robots and automation may enter a stage of national-level technological competition. He believes China already holds a leading position in certain areas.
Analysis: Bitcoin Long-Term Holder Holdings Reach New All-Time High of 16.3 Million, But Average Unrealized Profit Remains Low
CryptoQuant analyst Darkfost stated on platform X that the holdings of Bitcoin long-term holders (LTH, those holding coins for over 6 months) have reached a new all-time high, currently exceeding 16.3 million BTC. Their average cost basis is approximately $49,400, yielding only about 30% in unrealized profit at the current price, which is relatively low. In comparison, the net unrealized profit for long-term holders reached as high as approximately 340% in January 2025.Darkfost also noted that towards the end of the last bear market, long-term holders were collectively in a state of approximately 20% unrealized loss, and the market ultimately experienced a deeper correction. This suggests that the market could still see further corrections in the future, potentially pushing long-term holders back into loss territory. However, this is not necessarily a guaranteed repetition of historical patterns. He advises investors to prepare for both market rallies and corrections.
"First Set 10 Big Goals" Whale's BTC Long Unrealized Profit Could Reach $5.15 Million
According to on-chain analyst Ai Yi, as BTC breaks through $66,000, the unrealized profit on the BTC long position of the "Set 10 Big Goals First" whale @Jason60704294 may expand to $5.15 million. The average entry price is $63,827.06, with an estimated position of approximately 2,358.05 BTC (approximately $150 million).
BONK Governance Attacker Transfers Another 400 Billion BONK to Coinbase, Cumulative CEX Inflows Reach 1.626 Trillion
According to monitoring by Yu Jin, the address that previously transferred BONK worth $21.2 million from the Bonk treasury through a governance proposal, after moving 1.186 trillion BONK (approximately $4.11 million) to Binance yesterday, has today transferred another 400 billion BONK (worth about $1.28 million) to Coinbase.Data shows that of the 4.426 trillion BONK removed from the Bonk treasury via the governance proposal by this address, 1.626 trillion BONK (approximately $5.58 million) have been moved to centralized exchanges. Additionally, in the 11 days since the address began withdrawing assets from the Bonk treasury, the price of BONK has fallen by approximately 36%, dropping from $0.0000047 to $0.000003.
Citrini Analyst: SK Hynix Operating Profit Expected to Reach 60.4 Trillion KRW, 8% Below Market Consensus
Odaily news, Citrini analyst jukan posted on X platform, stating that local South Korean brokerages expect SK Hynix's operating profit to reach 60.4 trillion KRW, a 61% increase quarter-over-quarter and a 556% increase year-over-year, but still 8% below the market consensus of 65 trillion KRW. The shortfall is mainly due to SK Hynix's higher proportion of HBM revenue compared to its peers, resulting in its average selling price growth being lower than the market average.
ByteDance's AI Capital Expenditure Raised, Data Center and AI Infrastructure Investment May Reach $70 Billion in 2026
Odaily, Trader @nft_hu posted on X platform stating that ByteDance's AI capital expenditure has recently been significantly raised. According to the latest reports, ByteDance is discussing investing up to approximately $70 billion in capital expenditure for data centers and AI infrastructure in 2026, with part of the funds coming from its estimated $50 billion profit in 2025; in a more aggressive internal plan, there has also been discussion about further increasing capital expenditure in 2027 to a magnitude of $89 billion to $100 billion.
Multicoin: HYPE Could Reach $319 by 2028
Multicoin has published a report stating that the market is severely underestimating the value of Hyperliquid's native token, HYPE, and believes it still has over 400% upside potential in the coming years. The firm estimates that, in a base case scenario, HYPE's price could reach approximately $319 by 2028.Multicoin believes the current market is too narrowly viewing Hyperliquid as a fast-growing decentralized perpetual contract exchange, when in reality it is evolving into an "Everything Exchange" covering multiple assets and trading scenarios.The report states that at the current price of around $63, HYPE is clearly mispriced. Multicoin estimates that by 2028, Hyperliquid's annualized profits could reach approximately $80 billion. Valued at a 20x earnings multiple, this would correspond to a HYPE price of around $319.Multicoin also disclosed that it has been actively buying HYPE since February of this year, and HYPE has become one of the largest holdings in its liquid hedge fund. Recently, HYPE broke through $76 to hit an all-time high, driven by positive catalysts such as ETF inflows, strong protocol revenue, and aggressive buyback plans. It subsequently pulled back with the broader market and was trading around $62.47 as of Thursday afternoon.
Morgan Stanley: AI Infrastructure ROIC Can Reach Up to 46%, Maintains Overweight Rating on Hyperscalers
According to TechFlow Research, Morgan Stanley released a research report on July 27, quantifying for the first time the Incremental Return on Invested Capital (ROIC) of Generative AI investments. The report constructed three estimation frameworks: the ROIC for hyperscale cloud service providers' GPU leasing business is approximately 31%, the ROIC for proprietary infrastructure model API business is approximately 46%, and the ROIC for third-party compute API business is approximately 25%. Under base case assumptions, a single 1 gigawatt (GW) data center is configured with approximately 410,000 NVIDIA GB300 GPUs, with a utilization rate of 75% and an hourly leasing price of $8.5. The combined capital expenditure of the three major cloud giants is expected to exceed $1.4 trillion. Morgan Stanley maintains an Overweight rating on Microsoft, Amazon, Meta, and Google. The report points out that as AI moves from the training phase to the inference phase, demand for GPU compute power will continue to grow. Providers with self-built compute infrastructure will achieve considerable profits by leveraging their pricing power in an ecosystem where compute is scarce. If Morgan Stanley's calculations hold true, the hundreds of billions of dollars in AI capital expenditure will shift from being perceived as "costs" to "growth assets".
Hong Kong Monetary Authority Launches Quantum Readiness Index, Banking Industry Scores Only 2.3 Points, Target to Reach Full Score by 2030
According to Cointelegraph, the Hong Kong Monetary Authority (HKMA) recently published a quantum security white paper and launched the industry's first Quantum Preparedness Index (QPI) to assess the banking sector's readiness to address quantum computing security threats. Survey results indicate that the overall QPI score for the banking sector is only 2.3 out of 10, with approximately half of the surveyed institutions yet to formulate formal post-quantum security plans. The HKMA aims for the entire industry to achieve a full score by 2030. The white paper points out that once quantum computers are capable of running Shor's algorithm at scale, they could potentially break existing RSA and elliptic curve encryption systems, thereby threatening the security of financial transaction authorization, authentication, and trust mechanisms.
Bitget CandyBomb: Trade Gold and Silver to Unlock XAUT Airdrop
Bitget launches a new round of CandyBomb, with a total prize pool of 3 XAUT. This event is exclusive to new users of precious metals and commodities contracts. Participation ends on July 30 at 20:00 (UTC+8). During the event, trade designated contracts such as gold, silver, and crude oil. Reach the cumulative trading volume threshold to unlock corresponding candies. A single user can receive up to 0.03 XAUT in airdrop rewards. Detailed rules have been published on the Bitget official platform. Eligible users must click "Join Now" to complete registration before participating.
Mantle 3rd Anniversary: Cumulative Transactions Reach 255 Million, DEX Trading Volume Exceeds $25.7 Billion
Additionally, according to RWA Foundation data, approximately $116.4 million worth of tokenized active strategy assets are currently deployed on Mantle, ranking third in scale among all blockchain networks for this asset category.
Serenity: Institutions Begin to Revalue Humanoid Robot Businesses, Chinese Manufacturers' Overall Production Capacity Expected to Reach 100,000 Units by Year-End
"White-Haired Stock Guru" Serenity posted on X platform, pointing out that IBK Research released a report last month on the Boston Dynamics supply chain. The report indicates that Boston Dynamics plans to achieve an annual production capacity of 30,000 units only by 2028, while Chinese robot manufacturers are expected to reach a total production capacity of 100,000 units by the end of 2026. This may lead institutions to begin revaluing the humanoid robot sector.In terms of the competitive landscape, the U.S. camp includes Tesla, Figure, Apptronik, and Agility Robotics, while Boston Dynamics is controlled by South Korea's Hyundai Motor Group. Major Chinese players include Unitree Robotics, Fourier Intelligence, AGIBOT, UBTECH Robotics, and XPeng Robotics. European companies include Neura, Pal Robotics, Wandercraft, and Oversonic.Additionally, IBK Research estimates that Atlas shipments will reach 11,290 units by 2028, and will increase to 20,000, 30,000, 40,000, and 50,000 units respectively between 2029 and 2032. However, Serenity questioned this linear growth model, arguing that the actual volume ramp-up curve is more likely to follow an S-curve. Serenity predicts that shipments could reach 15,000 to 20,000 units by 2028, increase to 40,000 to 70,000 units by 2029, and further rise to 90,000 to 140,000 units by 2030.
Binance Research Releases Stablecoin Industry Report: Platform Stablecoin Reserves Reach $53 Billion, Market Share Rises to 57%
Binance Research has released an industry report titled "Stablecoins: Reshaping the Financial Landscape." The report shows that as of now, Binance's platform stablecoin reserves have reached $53 billion, with its market share increasing from 54% to 57%, surpassing the second-largest trading platform by approximately $42 billion.Meanwhile, in the first five months of 2026, the cumulative trading volume of TradFi-related perpetual contracts exceeded $1.1 trillion, with Binance's volume surpassing $500 billion, accounting for approximately 47% of the market share. Additionally, since 2022, Binance Earn has distributed $1.2 billion in yields to over 14 million stablecoin users. BNB Chain processes 10 million daily stablecoin transactions, with 15 million monthly active addresses, holding a market share of approximately 24% by transaction count. The report points out that stablecoins are evolving from tools for crypto asset trading into crucial settlement infrastructure for global finance, and Binance has established a one-stop stablecoin financial ecosystem covering trading, payments, yields, investments, and on-chain activities.
Related news
Texas, US Cryptocurrency ATM Fraud Losses Reach $56.8 Million, Lawmakers Consider Stricter Restrictions
According to Decrypt, Texas lawmakers are considering stricter measures than mere regulation for cryptocurrency ATMs, even potentially pushing for a ban. According to FBI data, losses in Texas due to cryptocurrency ATM scams reached $56.8 million in 2025, the highest in the nation, with 1,179 corresponding complaints. Nationwide, losses in such cases increased by 58% year-over-year to $389 million.
Morgan Stanley: AI Infrastructure ROIC Can Reach Up to 46%, Maintains Overweight Rating on Hyperscalers
According to TechFlow Research, Morgan Stanley released a research report on July 27, quantifying for the first time the Incremental Return on Invested Capital (ROIC) of Generative AI investments. The report constructed three estimation frameworks: the ROIC for hyperscale cloud service providers' GPU leasing business is approximately 31%, the ROIC for proprietary infrastructure model API business is approximately 46%, and the ROIC for third-party compute API business is approximately 25%. Under base case assumptions, a single 1 gigawatt (GW) data center is configured with approximately 410,000 NVIDIA GB300 GPUs, with a utilization rate of 75% and an hourly leasing price of $8.5. The combined capital expenditure of the three major cloud giants is expected to exceed $1.4 trillion. Morgan Stanley maintains an Overweight rating on Microsoft, Amazon, Meta, and Google. The report points out that as AI moves from the training phase to the inference phase, demand for GPU compute power will continue to grow. Providers with self-built compute infrastructure will achieve considerable profits by leveraging their pricing power in an ecosystem where compute is scarce. If Morgan Stanley's calculations hold true, the hundreds of billions of dollars in AI capital expenditure will shift from being perceived as "costs" to "growth assets".
Hong Kong Monetary Authority Launches Quantum Readiness Index, Banking Industry Scores Only 2.3 Points, Target to Reach Full Score by 2030
According to Cointelegraph, the Hong Kong Monetary Authority (HKMA) recently published a quantum security white paper and launched the industry's first Quantum Preparedness Index (QPI) to assess the banking sector's readiness to address quantum computing security threats. Survey results indicate that the overall QPI score for the banking sector is only 2.3 out of 10, with approximately half of the surveyed institutions yet to formulate formal post-quantum security plans. The HKMA aims for the entire industry to achieve a full score by 2030. The white paper points out that once quantum computers are capable of running Shor's algorithm at scale, they could potentially break existing RSA and elliptic curve encryption systems, thereby threatening the security of financial transaction authorization, authentication, and trust mechanisms.
NVIDIA and South Korea's Naver Reach $1 Billion Investment, Expand AI Factory to 200 MW
NVIDIA and South Korean internet company Naver have reached a $1 billion investment agreement to expand their jointly operated NVIDIA DSX AI factory to 200 megawatts. The factory will adopt the latest platforms such as Vera Rubin and Blackwell to provide computing power for AI enterprises in South Korea and the United States for developing large models, agents, and AI services. Naver plans to further expand the factory scale to 1 gigawatt and launch an AI Agent platform based on NVIDIA Agent Toolkit in the second half of this year.
Analysis: Bitcoin Long-Term Holder Holdings Reach New All-Time High of 16.3 Million, But Average Unrealized Profit Remains Low
CryptoQuant analyst Darkfost stated on platform X that the holdings of Bitcoin long-term holders (LTH, those holding coins for over 6 months) have reached a new all-time high, currently exceeding 16.3 million BTC. Their average cost basis is approximately $49,400, yielding only about 30% in unrealized profit at the current price, which is relatively low. In comparison, the net unrealized profit for long-term holders reached as high as approximately 340% in January 2025.Darkfost also noted that towards the end of the last bear market, long-term holders were collectively in a state of approximately 20% unrealized loss, and the market ultimately experienced a deeper correction. This suggests that the market could still see further corrections in the future, potentially pushing long-term holders back into loss territory. However, this is not necessarily a guaranteed repetition of historical patterns. He advises investors to prepare for both market rallies and corrections.
Institutional Crypto Trading Platform LMAX Explores Sale or IPO, Valuation Could Reach $5 Billion
According to CoinDesk, institutional crypto trading platform LMAX Group is evaluating strategic options with Morgan Stanley and investment bank KBW, including a sale, a merger with a special purpose acquisition company, and an initial public offering in the US or Europe. Sources say the company's valuation could reach up to $5 billion, with a Nasdaq listing currently the preferred option.