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BTC $75,052.78 +0.47%
ETH $2,334.16 -0.29%
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XRP $1.44 +2.32%
SOL $88.09 +3.34%
TRX $0.3253 -0.17%
DOGE $0.0980 +1.85%
ADA $0.2560 +2.44%
BCH $449.43 +1.87%
LINK $9.46 +1.62%
HYPE $43.89 -3.02%
AAVE $113.13 +6.45%
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XLM $0.1669 +3.78%
ZEC $334.33 -2.08%

insiders

Insiders: The Dark Side of the Moon is considering going public in Hong Kong and has begun discussions with companies like Goldman Sachs

According to a report by Bloomberg, Kimi's parent company, Moon's Dark Side, is in the preliminary stages of considering an initial public offering in Hong Kong and has begun discussions with China International Capital Corporation and Goldman Sachs regarding the listing cooperation. The specific timing has not yet been determined, and the planning is still underway, with the possibility that it may not proceed. Both Moon's Dark Side and Goldman Sachs declined to comment, and China International Capital Corporation did not respond.After completing over $700 million in financing earlier this year, Moon's Dark Side is negotiating a new round of financing, with a scale of up to $1 billion, which would bring its valuation to approximately $18 billion after this round of funding. Its C round valuation was about $4.3 billion at the end of last year, and the valuation has since risen rapidly. Founder Yang Zhilin stated in an internal letter at the end of last year that the company has 10 billion RMB in cash and is "not in a hurry to go public in the short term." There were also rumors of a "backdoor listing" last December, which the company denied.Competitors in the same sector, Zhiyu and MiniMax (Xiyu Technology), have already gone public on the Hong Kong Stock Exchange, and taking advantage of the investor enthusiasm generated by peers going public, Moon's Dark Side has been accelerating its financing in the private equity market.

Bloomberg strategists reaffirm that Bitcoin could drop to $10,000, while industry insiders counter that this would only happen in the event of extreme occurrences like nuclear war

According to CoinDesk, Bloomberg Intelligence senior commodity strategist Mike McGlone reiterated his bearish view that Bitcoin could drop below $10,000, believing that the crypto market is still undergoing a macro-driven long-term adjustment.McGlone pointed out that as institutional participation increases, Bitcoin's correlation with speculative assets has strengthened, undermining its function as a non-correlated hedge against traditional markets. The current market needs to go through a clearing process of excessive speculation. Several analysts have refuted this. The CEO of Quantum Economics stated that for Bitcoin to reach $10,000, extreme events such as a global liquidity crisis, nuclear war, and internet shutdown would be necessary.AdLunam analysts believe that a drop to $28,000 may require a global liquidity contraction or a broader financial stress event. PrimeXBT senior market analysts expect Bitcoin to consolidate in the $60,000 to $70,000 range, with the next major accumulation zone possibly between $30,000 and $40,000, but the likelihood of reaching $10,000 is very low. Some analysts pointed out that Bitcoin completed a major bear market correction in 2022, and the current price is about 50% down from its historical peak, possibly having reached the bottom.

Insiders: Nvidia's $100 billion partnership agreement with OpenAI is stalled

According to Global Network reports, informed sources revealed that Nvidia originally planned to invest up to $100 billion (approximately 696.456 billion yuan) in OpenAI for training and running the latest artificial intelligence models. However, due to internal doubts within the company, this highly anticipated deal is currently at a standstill.In September last year, Nvidia and OpenAI publicly announced their collaboration at Nvidia's headquarters in Santa Clara, California. At that time, the two parties signed a memorandum of understanding, with Nvidia committing to build at least 10 GW of computing power for OpenAI and investing up to $100 billion to help cover related costs, while OpenAI agreed to lease Nvidia chips. OpenAI expected negotiations to be finalized quickly, but as of now, discussions remain in the early stages. Currently, both parties are reassessing the prospects for collaboration, and the latest proposal may shift towards a dollar equity investment in OpenAI's current funding round.Informed sources further revealed that Nvidia CEO Jensen Huang has privately emphasized in recent months that the initial $100 billion agreement is not binding and is far from finalized. He also criticized OpenAI for lacking sufficient discipline in commercial advancement and expressed concerns about its strong competition with rivals like Anthropic. In response, an OpenAI spokesperson stated, "The details of the collaboration are still being advanced. Nvidia's technology has supported our breakthroughs from the very beginning and drives the current system, and it will remain central as we scale in the future."
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