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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 The Block, MoonPay has launched the AI payment tool PayBox, allowing users to integrate it with ChatGPT or Claude, enabling the AI assistant to directly prepare payment transactions for booking flights, restaurants, or online shopping. Users can choose to require a passkey approval for each transaction or set a limit for the AI to complete transactions autonomously.PayBox integrates cryptocurrency wallets with payment cards, supporting cross-chain transactions based on the x402 smart entity payment standard. It initially supports Solana and EVM-compatible chains, including Ethereum, Hyperliquid, Tempo, Base, Robinhood Chain, Arbitrum, and Polygon, with plans to support more AI platforms and DeFi features, such as token exchanges and perpetual contract trading, within the next month.MoonPay states that wallet private keys are protected through multi-party computation (MPC) and trusted execution environments (TEE), ensuring that no single party (including MoonPay or the AI assistant itself) can independently access the complete private key or sign transactions; payment card information is processed and stored, allowing the AI entity to complete purchases without accessing the underlying card details; this system is built on the key management infrastructure acquired by MoonPay earlier this year from Sodot.

According to Jinshi News, Moonshot AI has raised an unexpected $3.5 billion in a recently completed round of financing, with a valuation reaching $35 billion.

Cryptocurrency payment infrastructure company Moonpay has supported payments from the U.S. card network Discover, allowing Discover Network cardholders to buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes the third major card brand supported by Moonpay in the U.S., alongside Visa and Mastercard. Moonpay stated that this support covers over 500 of its business partners, including wallets, exchanges, and applications. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds a BitLicense from New York, a limited purpose trust license from New York, multi-state money transmission licenses in the U.S., and MiCA authorization in the European Union.

In response to the accusations from Michael Kratsios, the Director of the White House Office of Science and Technology Policy, regarding Moonshot AI (Kimi) referencing Anthropic's Fable while developing the K3 model and building a large-scale distillation platform, Moonshot AI team member Randy Xia stated that Fable was released on July 1 and K3 went live on July 15, which means that the model research, distillation, training, and release were completed in just 15 days. He joked, "We trained a brand new cutting-edge model in just 15 days; this is practically a Guinness World Record."Kratsios had previously stated that Moonshot AI established an internal platform capable of large-scale distillation for U.S. models, switching between various access methods to evade detection, and had procured GB300 servers and accessed related equipment in Thailand for training. The U.S. side expressed support for legitimate distillation but opposed the theft of technology through secret industrial distillation methods.

Michael Kratsios, the Director of the White House Office of Science and Technology Policy, stated that information has been obtained showing that Moonshot AI is distilling Anthropic's Fable model by building a large-scale internal platform for the development of its K3 model, and has switched access methods multiple times to evade detection. He also pointed out that Moonshot AI has purchased GB300 servers and accessed GB300 equipment in Thailand, which may be used for training AI models. Kratsios stated that the U.S. supports legitimate distillation and open innovation but opposes the theft of U.S. technology through large-scale secret industrial distillation methods. Currently, Moonshot AI has not publicly responded to this.

The Chinese AI large model company Dark Side of the Moon is accelerating its capitalization process, planning to start the final round of pre-IPO financing negotiations in August, with a target pre-investment valuation of $50 billion. Reports indicate that Dark Side of the Moon expects to complete a round of financing soon, corresponding to a valuation of approximately $31.5 billion. After completing this round of financing, the company will immediately engage in discussions for the next round of financing with potential investors, which may become its last private placement before entering the Hong Kong capital market.Market participants believe that if the financing plan proceeds smoothly, Dark Side of the Moon could initiate the process for a Hong Kong stock listing as early as this year. One of the key driving factors for this valuation increase is the company's recent release of the new generation large model Kimi K3. It is reported that Kimi K3 has a parameter scale of 28 trillion, supporting a context window of millions of tokens, making it one of the largest open-source models in the world by parameter scale. After the model was released, it quickly attracted market attention, prompting the company to adjust its new user subscription arrangements to ensure the user experience for existing customers.As the competition in generative AI enters a phase of comparison in computing power, user scale, and commercialization capabilities, large model companies are accelerating their search for capital support. Dark Side of the Moon's financing plan also reflects the market's ongoing interest in leading AI foundational model companies. However, the $50 billion valuation target also implies higher commercialization requirements. In the future, investors will focus on Dark Side of the Moon's revenue growth, control of computing costs, and whether the Kimi series models can form a stable business model. If the financing and listing plans proceed smoothly, Dark Side of the Moon may become an important case of capitalization for Chinese AI large model companies.

According to Jinshi Market news, Dark Side of the Moon is reportedly negotiating Pre-IPO financing with a valuation of 50 billion dollars.

Binance will stop supporting deposits and withdrawals for the Moonriver (MOVR) and Moonbeam (GLMR) mainnets on July 21, 2026, at 19:00, and will enable deposits and withdrawals for the above tokens through the Base network. Users are advised to ensure they allow sufficient time before this deadline to ensure successful deposits.

Moonshot tweeted a reminder that some users received a phishing email with the subject "View Recent Activities." This email did not come from Moonshot, and no signs of account compromise have been found so far. The official team is investigating this matter.Moonshot advises users to delete the email and not to click on any links. If you have clicked on a link or entered a verification code, please contact the official support through the in-app support.

According to Xinhua News Agency, as the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence are about to be held, the new generation model Kimi K3 was released on the 16th, with a parameter scale of 28 trillion. This is currently the largest open-source model in the world by parameters, marking a new step in the development of artificial intelligence models in our country.Beijing Moon's Dark Side Technology Co., Ltd., which released the model, introduced that Kimi K3 natively supports visual understanding, has a context window of 1 million tokens, and is optimized for complex task scenarios such as software engineering, knowledge work, deep research, and multimodal understanding, further enhancing the processing capability of large models for complex tasks. It is understood that in evaluations, Kimi K3's comprehensive intelligence level is close to that of the world's leading closed-source models. A relevant person in charge of Moon's Dark Side stated that in the process of training the new generation foundational model Kimi K3, they used a self-developed underlying model architecture and accumulated a complete set of scientific model training methods.

According to Cointelegraph, the fintech platform MoonPay has acquired the crypto infrastructure startup Glide and will integrate its deposit and routing technology, with the financial terms of the transaction undisclosed.Glide was founded in 2023 by Tushar Soni and Qinyu Tong, who were both part of the Robinhood Wallet team. Glide supports over 100 tokens across 30 blockchain networks, helping applications receive deposits from various tokens, wallets, exchanges, and payment sources.After the acquisition is completed, Glide's technology will be integrated into MoonPay Deposits, a product already used by applications such as Wallet in Telegram, Moonshot, and Paysafe. MoonPay stated that this transaction is part of its efforts to expand its digital asset infrastructure capabilities. This is MoonPay's sixth acquisition announced in 2026, with previous targets including Sodot, Decent, DFlow, Entendre, and Dawn Labs. Its investors include Thrive Capital, Paradigm, Valhalla Ventures, Tiger Global Management, and Coatue.

According to the Financial Times, informed sources reveal that the Chinese AI unicorn company Moonshot AI plans to release a new large language model, Kimi K3, in the near future. This model has between 20 trillion to 30 trillion parameters, making it the largest AI model in China by parameter scale, and its performance is expected to surpass the flagship model Claude Opus 4.8 from Anthropic in mainstream benchmark tests (industry speculation suggests its parameter count is around 15 trillion to 20 trillion).Unlike the currently mainstream closed-source and expensive cutting-edge large models in the United States, Kimi K3 will be available as an open-weight model for users to download and modify for free, which may create competitive pressure for leading American labs like OpenAI and Anthropic. Currently, due to the rising service fees for large models in the U.S. (for example, Anthropic has announced a 50% price increase for Opus 4.8 in September), some overseas companies have begun to shift towards using more cost-effective Chinese open-source models.In terms of the capital market, informed sources indicate that Moonshot AI is preparing for a new round of financing, with the latest valuation expected to reach approximately $31.5 billion. Meanwhile, the valuations of other AI giants in China and the U.S. are also rising; DeepSeek is starting a new round of financing with an estimated valuation of about $71 billion, while Anthropic and OpenAI have reached valuations of $965 billion and $852 billion, respectively, in their latest round of financing. In response to the aforementioned release and financing rumors, Moonshot AI has currently declined to comment.

According to Jinshi reports, Moon Ji-sung, an official from South Korea's Ministry of Economy and Finance responsible for exchange rate policy, warned on Friday that the current exchange rate of the dollar against the won is still inconsistent with economic fundamentals, and if necessary, his team has ample room to stabilize the market.He stated that he expects the supply and demand dynamics of the domestic foreign exchange market to change in the second half of 2026 and predicts that exporters' dollar holdings will bring in capital inflows through foreign exchange forward contracts.

The cross-chain protocol Wormhole announced that the Moonbeam network will officially shut down on July 31, 2026. Moonbeam will maintain the operation of the parachain during the transition period, but after July 31, the chain will cease operations.Wormhole pointed out that after this date, contributors to Portal and Wormhole will not be able to assist in recovering any assets stored on that chain. Wormhole recommends that users transfer external assets across chains through official Moonbeam channels before the deadline. Previously, Moonbeam announced a complete exit from the Polkadot ecosystem and will migrate the GLMR token 1:1 to the Base network.

Moonbeam, a Polkadot parachain, announced on platform X that it will launch a brand new Moonbeam protocol, transforming into a decentralized AI Agent communication and settlement network for the future on-chain economy. At the same time, the GLMR token will migrate to Base at a 1:1 ratio, becoming a native ERC-20 token.Cross-chain migration is now open, with a deadline of July 31, 2026. The official statement indicates that users holding GLMR on centralized exchanges do not need to take any action.

According to the Science and Technology Innovation Board Daily, the recent round of financing for Moon's Dark Side Kimi, with a valuation of 20 billion USD, has been completed, and a new round of financing has been initiated, with a pre-financing valuation rising to 31.5 billion USD. According to sources close to Kimi, the company disclosed its latest revenue data during this round of financing communication: ARR (Annual Recurring Revenue) has surpassed 300 million USD. The revenue growth for Kimi in this round mainly comes from increased developer usage and API revenue driven by model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to rise. Kimi's revenue curve is beginning to show characteristics of the early commercialization stage of Anthropic: increased developer usage, a higher proportion of API revenue, growth in overseas paying users, and a price system uplift driven by model capability iterations.

According to Axios, cryptocurrency payment company MoonPay announced the acquisition of AI accounting startup Entendre, which focuses on providing intelligent accounting solutions for businesses using stablecoins and other digital assets.MoonPay CEO Ivan Soto-Wright stated that after this acquisition, the company will continue to seek more merger and acquisition opportunities to further expand its business landscape.

According to PR Newswire, AI-driven anti-fraud infrastructure InfoHawk announced the completion of a $2.25 million Pre-Seed round of financing, led by Moonshots Capital, with participation from former Chairman of the Federal Trade Commission Jon Leibowitz, AppNexus founder Brian O'Kelley, former head of advertising at Meta Rob Goldman, GitHub CTO Vlad Fedorov, and others.The new funds are intended to support its efforts to help businesses detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and deepfake attacks through AI content recognition and deep infrastructure analysis technology.

According to Bloomberg, Moonshot AI is in preliminary talks with potential investors for a new round of financing, aiming to raise over $1 billion, with a maximum of $2 billion, and a valuation target of $30 billion.The report states that this is the company's third round of financing in six months, aimed at addressing the increasingly fierce AI competition in China.