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LINK $11.55 +1.97%
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AAVE $135.88 +7.79%
SUI $0.8144 +1.18%
XLM $0.1949 +0.62%
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Flash

Yangtze Memory Technologies' parent company is expected to raise 33 billion yuan through its IPO on the Sci-Tech Innovation Board

On August 24, according to Reuters, China's largest flash memory chip manufacturer Yangtze Memory Technologies Co., Ltd. (YMTC) and its parent company Yangtze Memory Technologies Holdings (CCSH Corporation) have had their listing application accepted by the Shanghai Stock Exchange's Science and Technology Innovation Board, with the market expecting the company to go public next year. This IPO is expected to raise 33 billion yuan (approximately 4.9 billion USD). CCSH plans to issue between 1.98 billion and 2.43 billion new shares.The prospectus shows that the company's revenue in the first quarter of 2026 (January to March) reached 47 billion yuan, nearly a fivefold increase year-on-year; net profit was 33.38 billion yuan, more than double the net profit of 14.21 billion yuan for the entire year of 2025. YMTC's factories are currently operating at near full capacity and are continuously expanding sales in the tightening NAND flash memory market. The average selling price of NAND flash memory in the first quarter of 2026 reached 2.73 times the average level of 2025, and the gross profit margin also significantly increased from 35.3% in 2025 to 76.8%.CCSH plans to use 20.8 billion yuan of the funds raised from this listing to expand production lines, and an additional 12.2 billion yuan for research and development of the next generation of NAND flash memory and high-speed storage products.

ZeroStack secures $1 billion in Meme token investment, Grayscale advances Zcash trust listing on the New York Stock Exchange Arca

According to BBX data, yesterday global US stock, Hong Kong stock listed companies, and asset management giants disclosed the latest developments in digital asset injection, compliance trust listings, and institutional-level custody, with the core information as follows:ZeroStack received a $1 billion Memecore token injection: 0G Treasury Company ZeroStack Corp. (NASDAQ: $ZSTK) announced that Puple AI Inc. and Blockcat Pte. Ltd. have reached an agreement to inject a total value of $1 billion in Memecore tokens (M) into the company. In exchange, ZeroStack will issue 3,500,000 shares of common stock, as well as pre-financing warrants to purchase up to 36,198,293 additional shares of common stock (with an issue price of $25.19 per share, more than 12 times the recent market price).Grayscale advances Zcash Trust listing on the NYSE Arca market: Grayscale submitted the fourth amendment of the registration statement for Grayscale Zcash Trust (ZEC) to the SEC, intending to list it on the NYSE Arca market (code: ZCSH). After listing, it will support authorized participants to continuously purchase and redeem shares (previously traded only on OTCQX and not redeemable). As of June 30, 2026, the trust holds approximately 2.3% of the circulating supply of ZEC, with a net asset value (NAV) of approximately $155.2 million; additionally, a subsidiary of Grayscale's parent company DCG is negotiating to purchase trust shares with approximately 200,000 ZEC.OSL Group's enterprise-level stablecoin USDGO connects to Ceffu institutional custody: Hong Kong listed company OSL Group (00863.HK) announced that its compliant enterprise-level stablecoin USDGO has officially become one of the custodial assets of the institutional digital asset custody platform Ceffu. Qualified Ceffu institutional clients can now directly deposit, hold, and withdraw USDGO through their exclusive custody accounts.

Data: The meme coin "Behemoth" on the BSC chain briefly surpassed a market value of 2.7 million USD, with a 24H increase of 8251%

According to GMGN data, the meme coin "Behemoth" on the BSC chain briefly surpassed a market cap of 2.7 million USD, currently reported at 1.04 million USD, with a 24H increase of 8251%. Meme coin prices are highly volatile, and investors should participate with caution.Previously, a developer announced the completion of the first real on-chain 4-bit processor (CPU) on the BNB Chain, which consists of 2251 logic gates, including NAND gates and flip-flops, and has been verified cycle by cycle. Its performance specifications are comparable to the 1971 Intel 4004 processor. This on-chain CPU is named "Behemoth" and has successfully run Fibonacci sequence calculations: 1, 1, 2, 3, 5, 8, 13. Due to the processor's operating rhythm being synchronized with the BNB Chain's block generation, it executes a cycle every 0.45 seconds, with a current operating frequency of about 2.22Hz, referred to by the developer as "possibly the slowest CPU in the universe."The developer stated that in the future, a complete protocol will be made public, allowing anyone to create their own on-chain processors based on this protocol, and supporting inter-calls between processors to build more complex on-chain computing systems in a "building block" manner. Regarding this project, Binance co-founder CZ responded to inquiries about its practical application scenarios: "What is the use case?" which sparked community discussions.
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