BTC $64,009.01 -1.69%
ETH $1,877.25 -2.24%
BNB $600.08 -1.20%
XRP $1.01 -2.05%
SOL $76.15 -1.29%
TRX $0.3305 +0.28%
DOGE $0.0697 -0.89%
ADA $0.1937 -1.90%
BCH $212.75 -1.61%
LINK $8.27 -0.58%
HYPE $55.93 +2.19%
AAVE $89.75 -1.74%
SUI $0.6919 -0.72%
XLM $0.1627 +0.08%
ZEC $498.99 -3.12%
BTC $64,009.01 -1.69%
ETH $1,877.25 -2.24%
BNB $600.08 -1.20%
XRP $1.01 -2.05%
SOL $76.15 -1.29%
TRX $0.3305 +0.28%
DOGE $0.0697 -0.89%
ADA $0.1937 -1.90%
BCH $212.75 -1.61%
LINK $8.27 -0.58%
HYPE $55.93 +2.19%
AAVE $89.75 -1.74%
SUI $0.6919 -0.72%
XLM $0.1627 +0.08%
ZEC $498.99 -3.12%

exchange

All
Article
Flash

hot_img Moore Threads' semi-annual report shows revenue of 1.736 billion yuan, a year-on-year increase of 147%, while planning for a listing on the Hong Kong Stock Exchange

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

The Financial Services Agency of Japan and the National Police Agency jointly requested cryptocurrency exchanges to strengthen anti-fraud measures

According to CoinPost, the Financial Services Agency of Japan and the National Police Agency recently jointly sent a letter to the Japan Virtual Currency Exchange Association (JVCEA), requesting exchanges to strengthen anti-fraud measures. This request includes 11 specific requirements, such as the need for withdrawal addresses to be registered in advance, enhanced transaction monitoring, strict verification of identification documents when opening accounts, and setting a withdrawal limit for a certain period after users deposit fiat currency or purchase crypto assets.The background of this action is the increasing prevalence of investment scams and "pig butchering" schemes on social media, where criminals frequently use crypto accounts to transfer illegal funds. The Financial Services Agency also suggested that exchanges flexibly set withdrawal limits based on customers' risk levels and transaction purposes, and that suspicious transactions should immediately result in account restrictions or freezes, while enhancing intelligence cooperation with the police. For system renovations that are difficult to implement in the short term, exchanges are allowed to proceed in phases. In addition, the Financial Services Agency has officially established the "Cryptocurrency and Stablecoin Division," responsible for related regulatory affairs.

The Moscow Exchange plans to launch a digital custody platform, which will support cryptocurrency asset services as early as the end of this year

According to RBC, the Moscow Exchange (MOEX) in Russia is preparing to launch a digital custody platform for cryptocurrency trading (digital custodian). Sources say that the project is currently still in the development stage and is expected to go live as early as the end of 2026 to early 2027.It is reported that this digital custody platform will not be built on the Moscow Exchange itself or the National Settlement Depository (NSD) under it, but will operate as a completely new independent structure. As Russia's regulatory framework for digital currencies is expected to partially take effect from September 1, the market still lacks a clear plan for the custody and registration mechanisms of crypto assets. Various technical models are currently being discussed within the industry.One proposal is to establish multiple liquidity centers for crypto assets, where brokers can access the Moscow Exchange's digital custody platform or conduct related business through their own digital custody systems. Another proposal may involve trading platforms handling trade matching, while the storage and registration of crypto assets are completed by banks or digital custodians under brokers.Previously, several large banks in Russia, including Sberbank, VTB Bank, T-Bank, and Alfa-Bank, have expressed plans to launch digital custody services. With the Moscow Exchange entering this field, competition among traditional financial institutions is expected to intensify and may further enhance crypto asset services.
app_icon
ChainCatcher Building the Web3 world with innovations.