listing

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.

UPBIT will launch CYS on August 10 at 14:00, supporting BTC and USDT trading pairs. Users must complete their deposits within 2 hours after the announcement is made. As of the time of publication, the price of CYS has increased by over 20%, currently quoted at $0.979.

According to Bloomberg, the Nigerian Securities and Exchange Commission (SEC) has approved the listing and trading of blockchain-based traditional stock tokenized assets on the NASD OTC Securities Exchange.The NASD OTC Securities Exchange plans to officially launch this service in early September, allowing companies to issue tokenized versions of traditional stocks through blockchain technology, aimed at promoting the development of Nigeria's capital market.

Telegram founder and CEO Pavel Durov stated that Telegram was briefly removed from the App Store by Apple recently due to a user embedding illegal pornographic content in a public group. The app was restored within hours.Durov mentioned that the attackers exploited a technical vulnerability to insert AI-modified illegal content into old messages in active groups, hiding the content by editing historical messages, making it difficult for regular group members to discover and report it in a timely manner. Such attacks are classified as "takedown extortion," where attackers use automated accounts to embed violations in public groups and report them to platforms like Apple, attempting to force group administrators to pay a ransom, or else the community would be banned due to platform rules.Durov further explained that Telegram continuously combats illegal content through user reports, AI filtering, content hashing, and other mechanisms. This incident is not a systemic issue of the platform but rather a targeted attack exploiting rule loopholes by the attackers.He also warned that Apple's direct removal of the app without prior contact with Telegram could pose risks to all mobile applications that provide user-generated content (UGC), and platform developers need to enhance their defenses against malicious reporting and "takedown attacks."

The Dark Side of the Moon (Kimi) has been renamed Beijing Dark Side of the Moon Technology Co., Ltd., and the company type has changed from a limited liability company to a non-listed joint-stock company. Yang Zhilin serves as the chairman and manager, Zhang Yutong has been added as a director, and Song Sijia has been added as the financial officer.This change is commonly referred to as a stock reform. The China Securities Regulatory Commission stipulates that if a domestic company directly lists overseas with a domestic entity, the issuer must be a joint-stock company.According to previous reports, the Dark Side of the Moon has issued a shareholder resolution for listing in Hong Kong, with the earliest possible IPO within six months, and has begun dismantling the red-chip structure. The company has not officially announced the listing time.

According to a report by Yicai, MSCI announced that Changxin Technology will be included in the MSCI China All Shares Index due to the listing of its IPO new shares, effective August 10.The MSCI China All Shares Index is a comprehensive Chinese stock index compiled by MSCI, covering all categories of Chinese-related stocks, including large-cap and mid-cap stocks listed on the Shanghai and Shenzhen exchanges, Hong Kong-listed companies, and overseas-listed Chinese stocks (such as US ADRs), fully reflecting investment opportunities in Chinese stocks. It is tracked by many global ETFs and passive funds, and the inclusion of Changxin may bring in passive capital inflows.

Leading DRAM manufacturer Changxin Technology (688825.SH) today made its debut on the Sci-Tech Innovation Board, with the intraday increase continuing to expand. As of the time of writing, the stock price is 54.35 yuan, up 527.60% from the issue price of 8.66 yuan, with a transaction amount reaching 117.284 billion yuan, a turnover rate exceeding 56%, and a total market value of approximately 3.63 trillion yuan, firmly maintaining the top position in A-shares. The opening price of the stock was 49.50 yuan, with an intraday low of 38.11 yuan, and the current dynamic price-to-earnings ratio is about 36.70 times.

The domestic storage giant Changxin Technology has landed on the Sci-Tech Innovation Board, breaking multiple A-share historical records on its first day:The first technology stock in A-shares with an opening market value exceeding 3 trillion, with an opening total market value of approximately 3.31 trillion yuan;Topping the market value list of the Sci-Tech Innovation Board, surpassing SMIC to become the highest market value listed company on the Sci-Tech Innovation Board;The first stock in A-shares with a single-day trading volume exceeding 100 billion, with over 100 billion yuan traded in the first hour of listing, and expected to set new historical records throughout the day;The first new stock in A-shares with a trading volume of 100 billion combined with a turnover rate exceeding 50%, with massive trading volume and high turnover coexisting, and unprecedented trading activity.

The domestic DRAM leader Changxin Technology (688825.SH) today listed on the Sci-Tech Innovation Board for the first time, opening at 49.5 yuan, a 471.59% increase from the issue price of 8.66 yuan, with a market value reaching 3.3 trillion yuan, ranking first in A-shares. This IPO raised approximately 57.9 billion yuan (before the full exercise of the over-allotment option), making it the largest IPO on the Sci-Tech Innovation Board to date. Based on the opening price, investors who subscribed earned 20,000 yuan.Nomura Securities simultaneously initiated coverage on Changxin Technology, giving a target price of 116 yuan, based on an expected earnings per share of 5.8 yuan in 2028 and a target price-to-earnings ratio of 20 times, implying an approximate 13.4 times increase from the issue price, with an implied market value of about 7.76 trillion yuan. Nomura believes this valuation is about twice that of Micron, primarily based on expectations of market share growth for Changxin Memory and the valuation premium in the Chinese market.

The cryptocurrency exchange BitMEX accelerated the delisting of 65 derivative contracts and spot trading pairs in July, far exceeding the 19 that were delisted in the first six months of this year. The platform attributed the delisting to "insufficient trading interest" and stated that this move is related to its decision to close the exchange. Previously, BitMEX announced that it would officially cease operations on September 23, but did not disclose the specific reason for the closure.Restructuring advisor Roshan Dharia stated that the shutdown of BitMEX reflects the structural pressures faced by mid-sized centralized exchanges: liquidity continues to concentrate on leading platforms, while compliance costs are continuously rising. Earlier, the on-chain analysis platform Bubblemaps revealed that 75% of the total supply of BitMEX tokens BMEX (originally intended for employee incentives, ecosystem growth, and long-term reserves) was never allocated as planned, with the only claim occurring in November 2022. After the shutdown announcement, the price of BMEX dropped by approximately 95%.

According to BBX data, yesterday the global digital infrastructure and cryptocurrency reserve companies welcomed significant developments in capital operations, technology security, and treasury clearing. The core content is as follows:Satsuma shareholders overwhelmingly approved the liquidation of Bitcoin and delisting: Shareholders of Satsuma Technology, the second-largest publicly listed Bitcoin reserve company in the UK, voted with a high approval rate of 90% to approve the sale of all 668 BTC (fair value approximately $43.5 million), return capital to investors, and delist from the London Stock Exchange (LSE). According to the timeline, the company is expected to cancel its listing on September 14, 2026, with fund clearing and CREST transfers to be completed by September 28. The company's Bitcoin treasury strategy lasted less than a year, and its stock price has fallen over 99% from its peak.Ionic Digital received SEC approval for direct listing on July 28: Digital infrastructure company Ionic Digital officially announced that its S-1 registration statement has been formally approved by the U.S. SEC and is expected to begin trading its Class A common stock on the Nasdaq Global Select Market on July 28, with the stock ticker "IOND." This listing will adopt a direct listing model, and the company will not publicly offer any new shares. Ionic Digital's core business focuses on providing next-generation data center solutions for AI and high-performance computing (HPC).Galaxy launches a $5 million "Bitcoin Quantum Readiness Initiative": Digital asset giant Galaxy announced the launch of the "Bitcoin Quantum Readiness Initiative," intending to invest up to $5 million in developer funding to promote the evolution of the Bitcoin network towards quantum attack resistance. The initiative consists of three core components: first, funding the development of post-quantum cryptography (PQC) solutions; second, conducting specialized research on quantum computing and network security by Galaxy Research; third, forming an expert advisory committee to advance academic discussions on the underlying roadmap.

Binance's originally scheduled launch of Aerodrome (AERO) on July 17, 2026, at 19:00 will be postponed to July 18, 2026, at 00:00. Users can pay attention to subsequent announcements for specific trading pair information.

According to a report by the Securities Times, Baidu Group announced that the company's board of directors has authorized the management to proceed with a voluntary conversion to a primary listing on the Main Board of the Hong Kong Stock Exchange, expected to take effect within this year. After the relevant procedures are completed, Baidu will achieve a dual primary listing in Hong Kong and Nasdaq. Once the dual primary listing takes effect, it will enhance the liquidity of the company's securities, expand the investor base, and provide greater flexibility for entering the two capital markets.

According to Bloomberg, DeepSeek has begun preparations for its initial public offering (IPO), which may submit its listing application as early as this year.DeepSeek is working with accounting firms and expects to complete its financial reports by the end of December this year, which is a necessary preparation for submitting the IPO application. The company plans to officially submit its listing application by the end of this year or early 2027.

According to a report by businesswire, BNB Plus Corp. has received a delisting determination from the Nasdaq hearing panel due to its stock price being below the minimum bid requirement of $1 for an extended period.The company's stock BNBX will be suspended from trading on Nasdaq starting July 14 and will be transferred to the OTCQB venture market on the same day, with the code remaining unchanged. The company stated that it has applied for a review by the Nasdaq Listing and Hearing Review Council, but the delisting determination will not be suspended during the review period.

According to BBX data, yesterday the global publicly listed companies in the U.S. stock market and the proposed listing of crypto giants faced severe differentiation in capital operations, with the core dynamics as follows:The plan for 30,000 BTC giant to go public has collapsed: Cantor Equity Partners I (NASDAQ: $CEPO) and Bitcoin Standard Treasury Company (BSTR) jointly announced through BusinessWire yesterday that they will no longer proceed with the transaction according to the original business combination agreement signed in July 2025. The core reason is that the $1.5 billion PIPE financing has completely failed to materialize. Against the backdrop of Bitcoin dropping about 50% from its historical high, investor interest in the new Bitcoin treasury company has significantly cooled. The shareholder meeting originally scheduled for July 10 has been indefinitely postponed. BSTR originally planned to carry 30,021 BTC to list on Nasdaq and become the world's fourth-largest publicly listed company holding Bitcoin, and this collapse means that its listing path needs to be redesigned.American Bitcoin Corp. completes 1-for-15 reverse stock split and increases holdings: American Bitcoin Corp. (NASDAQ: $ABTC) recently completed a 1-for-15 reverse stock split to meet Nasdaq's minimum stock price listing maintenance requirements. While consolidating shares to maintain its listing, the company announced that it purchased 500 BTC in the secondary market against the trend, increasing its total holdings to 8,000 BTC (fair value of approximately $496 million), ranking 16th globally among publicly listed companies in terms of Bitcoin holdings. The company is approximately 44% owned by Hut 8, and Eric Trump, the second son of Trump, serves as Chief Strategy Officer.

According to Jinshi News, SK Hynix's American ADR listing has received oversubscription, and SK Hynix will stop accepting subscriptions at 4 PM New York time on July 8.

According to Jinshi reports, SK Hynix officially launched its marketing process for its U.S. stock listing this Monday, aiming to leverage investors' continued enthusiasm for the memory chip sector to advance its trading on U.S. exchanges.According to the filing documents, SK Hynix plans to issue approximately 17.79 million shares of common stock corresponding to American Depositary Receipts. Based on last Friday's closing price in the Korean market, the scale of this issuance is approximately $28 billion. As a leading supplier of HBM chips, SK Hynix's listing in the U.S. opens up efficient financing channels for the company.According to previously disclosed regulatory documents, SK Hynix expects its American Depositary Receipts to officially begin trading on July 10 (this Friday). Based on the current proposed issuance scale, this ADR sale will rank among the top three largest IPOs in history (the specific amount depends on the exchange rate), potentially rivaling the $29.4 billion IPO scale set by Saudi Aramco in 2019.