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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 RootData, the total financing amount in the cryptocurrency industry in the first half of the year was $9.081 billion, with a total of 259 financing events; among them, the primary market financing amount (excluding IPO/Post IPO/M&A rounds) was $8.658 billion, a decrease of 26.1% compared to the same period last year, and the number of financing events decreased by 28.5% year-on-year.March and May were the two peaks for financing amounts in the first half of the year, with the number of financing events reaching 66 and 68 respectively; in June, the number of financing events fell back to 43, indicating that after entering the end of the second quarter, market funding activity has cooled down. Overall, large financing still significantly boosts monthly financing scale, but the enthusiasm for regular financing rounds has begun to shrink.In the first half of 2026, there were a total of 75 M&A transactions in the cryptocurrency industry, of which 16 disclosed specific amounts (totaling approximately $3.836 billion). M&A activities were mainly concentrated in the CeFi, tools and information services, DeFi, and infrastructure sectors. Representative M&A events include: Mastercard acquiring BVNK ($1.8 billion), Kraken acquiring Reap ($600 million), etc.Leading cryptocurrency venture capital firms still maintain a high frequency of investments, with Coinbase Ventures participating in 25 investments in the first half of 2026, ranking first; Animoca Brands participated in 20, while a16z and Tether participated in 14 each. In the past 12 months, Coinbase Ventures participated in a total of 68 investments, continuing to lead the industry, followed by Animoca Brands, Pantera Capital, YZi Labs, a16z, Tether, and GSR.From the perspective of sectors, DeFi, infrastructure, and CeFi were the three most active directions for financing in the first half of 2026. In the first half of the year, DeFi completed 129 financing events, infrastructure completed 116, and CeFi completed 69. AI, payments, prediction markets, and RWA were also key sub-sectors of capital focus, with AI-related financing at 59 events, payment-related projects at 46 events, and RWA-related projects at 28 events.Overall, the primary market for cryptocurrency in the first half of 2026 has not completely stagnated, but the market structure has changed: the total financing amount is still supported by a few large transactions, institutional investments are more concentrated, sector preferences are more pragmatic, and M&A has become an important means of industry consolidation. Funds are shifting towards structural allocations around infrastructure, DeFi, CeFi, payments, AI, and RWA.

According to CoinDesk, Christian Lopez, head of blockchain and digital assets at investment bank Cohen & Company Capital Markets, stated that as investors rotate funds into other sectors and macro uncertainty continues to suppress risk appetite, the crypto IPO market has noticeably slowed down.Lopez pointed out that although the successful listings of Circle and Bullish had raised high expectations for crypto IPOs in 2026, the subsequent weakening of market conditions, declining trading volumes, and underperformance of some post-listing stocks have dampened enthusiasm for new issuances. Several crypto companies, including Kraken's parent company Payward, Consensys, Ledger, and Grayscale, have postponed their IPO plans, waiting for market improvement; however, Blockchain.com and FalconX are still advancing their listing processes.Lopez believes that the uncertain interest rate outlook and global deleveraging pressures are making investors more cautious about high beta assets like crypto. He expects that the window for crypto companies to go public may not substantially reopen until next year. Additionally, he stated that regulatory clarity is no longer the primary obstacle for crypto companies going public; rather, the ability to access capital and business diversification are more critical.

According to the mid-year open letter released by Bitget CEO Gracy Chen, there has been a significant structural change in user behavior on the platform in the first half of 2026: the trading volume of non-crypto assets peaked at nearly 40% of Bitget's overall trading volume; the daily trading volume of CFDs exceeded $10 billion; 52% of users held both stocks and cryptocurrencies; and 35% held gold and other precious metals, indicating that cross-asset trading has become a mainstream habit.Gracy Chen pointed out that as a panoramic exchange (UEX), Bitget's core goal is not to create an "asset supermarket," but to reconstruct the underlying logic of user participation in the global market around four core values: "asset efficiency, crypto-native experience, financial equality, and reducing burdens." On the business implementation level, Bitget has accelerated its layout through a dual-track solution of U.S. stock tokens and direct connections to U.S. stocks, supporting 24/7 trading of various assets to break the time zone and regional barriers of traditional finance.In addition, with the deep integration of AI tools into the execution layer, 51% of users have already used AI-driven trading tools in the first half of the year, and the number of AI trading users on the platform has surpassed 1 million.

According to Forbes, in the 2026 U.S. Congressional primary elections, the Democratic PAC "Protect Progress," supported by Coinbase, Ripple, and Andreessen Horowitz, is making a large-scale intervention in several Black district primaries. The PAC invested over $4.9 million in Maryland candidate Adrian Boafo, helped Christian Menefee in Texas defeat anti-crypto Congressman Al Green (spending over $5 million), and invested about $4 million in Georgia to support Jasmine Clark's victory.The related campaign advertisements did not mention the cryptocurrency industry background. Journalist Joy Reid characterized this operation as "Blackwashing"—delivering funds from the crypto industry to Black districts under the guise of progressiveness while deliberately hiding the identity of the funders.Analysts point out that the core logic of this network is not based on race, but rather on supporting allies and suppressing critics, with the ultimate goal of influencing the legislative direction of the pending "Digital Asset Market Clarification Act" (CLARITY Act).

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 426 million USD, with long liquidations amounting to 304 million USD and short liquidations amounting to 123 million USD.Among them, the liquidation amount for BTC was 126 million USD (longs 85.63 million USD, shorts 40.57 million USD), ETH liquidations totaled 93.67 million USD (longs 64.94 million USD, shorts 28.73 million USD), and SOL liquidations amounted to 14.14 million USD (longs 10.58 million USD, shorts 3.56 million USD).In the past 24 hours, a total of 111,791 people were liquidated, with the largest single liquidation occurring on the BTC-USD trading pair on Hyperliquid, valued at 4.3474 million USD.

Coinglass data shows that in the past 24 hours, the total liquidation across the network was 124 million USD, of which long positions accounted for 75.4552 million USD and short positions accounted for 48.2317 million USD. Additionally, the liquidation amount for BTC reached 14.476 million USD, and for ETH, it reached 12.3676 million USD.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 1.318 billion dollars, with long positions liquidated at 1.076 billion dollars and short positions liquidated at 243 million dollars.

According to Jinshi reports, Federal Reserve's Daly stated that the current monetary policy is in good shape, but the economic situation is too uncertain to clearly determine the direction of interest rates. She pointed out that providing forward guidance at this time is not appropriate, and the inflation issue is particularly concerning, especially with rising energy and food prices. Daly also mentioned that although there is no clear evidence that artificial intelligence has improved productivity, she remains optimistic about the technology and believes that 2027 will be a key year.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 1.802 billion USD, with long positions liquidated at 1.503 billion USD and short positions liquidated at 300 million USD.

The cryptocurrency market remains weak. According to Coinglass data, in the past 24 hours, the total liquidation across the network was $701 million, with long positions liquidated at $648 million and short positions liquidated at $53.59 million.

Aave founder and CEO Stani Kulechov tweeted that the valuation of DeFi lending protocols should not primarily refer to TVL, as it measures net collateral rather than lending activity. Comparing data from the end of 2025, Aave's supply scale is about $52 billion, active loans about $22 billion, loan interest flow over $700 million, and DAO retention about $150 million; SoFi has deposits of about $37.5 billion, a loan book of about $38 billion, loan income of about $1.8 billion, and net profit of about $481 million.Stani stated that in traditional finance, deposits are liabilities or capital costs, and loans are interest-bearing assets, with lenders typically assessing based on the loan book, interest income, interest spread, and asset growth; however, the DeFi market mainly focuses on TVL and DAO retention fees. He believes that Aave is closer to over $700 million in lending business under a traditional financial accounting framework, rather than a $150 million revenue protocol; TVL is not the revenue basis for lending protocols, but the loan book and interest flow are the core.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $468 million, with long positions liquidating $441 million and short positions liquidating $27.4631 million. The liquidation amount for BTC was $168 million (long positions $162 million, short positions $5.9041 million), for ETH it was $138 million (long positions $132 million, short positions $5.6518 million), and for SOL it was $26.0429 million (long positions $25.4153 million, short positions $0.6276 million).In the past 24 hours, a total of 101,141 people were liquidated, with the largest single liquidation occurring on the BTCUSDT_UMCBL trading pair on Bitget, valued at $21.5908 million.

At the Ethereum University Tour - Shanghai Station Fudan University special event, SYNBO was invited to give a keynote speech, systematically breaking down the evolution logic of the public chain ecological investment and financing market.Currently, the primary market in the industry heavily relies on offline intermediary models, facing four major disconnection issues in terms of access, trust, capital release, and profit distribution.In response to the existing pain points in the industry, SYNBO is committed to transforming capital operations into on-chain verifiable rules, relying on delivery-oriented capital release, dynamic pricing and financing share trading, continuous asset generation mechanisms, and community co-construction models to build a native on-chain investment and financing protocol system.The SYNBO model will break down traditional VC industry barriers, lower the financing threshold for innovation and entrepreneurship, and promote the industry's development from "asset on-chain" to "on-chain capital efficiency upgrade," creating sustainable endogenous growth momentum for the entire public chain ecosystem.

According to Cointelegraph, Iran has designated Bitcoin for paying the oil transit fees in the Strait of Hormuz, but insiders say that most of the funds are still settled through stablecoins.Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters Union, stated that each tanker must report its cargo information to Iranian authorities via email, after which Iran will inform the amount of the fee to be paid, which must be paid in cryptocurrency. "Once the email arrives and Iran completes the assessment, the vessel will be given a few seconds to pay in Bitcoin, ensuring that it cannot be tracked or confiscated due to sanctions."

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $257 million, with long positions liquidating $163 million and short positions liquidating $93.81 million.The liquidation amount for BTC reached $55.58 million, while ETH liquidated $43.58 million. In the past 24 hours, a total of 129,536 people were liquidated, with the largest single liquidation occurring on the Hyperliquid XYZ:CL-USD trading pair, valued at $6.89 million.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on social media, "The war is confirmed to be over, there is no insider information, and neither side has a reason to continue fighting. We will take profits wherever the rebound stops and observe as we go.This year's cryptocurrency market is very similar to 2019, with a cliff-like drop in secondary liquidity, almost no confidence in primary investments, and Web3 companies laying off large numbers of employees, with industry personnel switching careers. Be greedy when others are fearful; this year is definitely the best time for secondary bottom-fishing and primary investment, similar to 2019. Institutions that bottomed out in the secondary market and invested in the primary market in 2019 were the biggest winners in the 2020 bull market, and we are working hard to do these two things well."

According to market news, Strategy last week first used perpetual preferred shares as the main tool to increase its Bitcoin holdings, marking a potential shift in its financing model. The company announced on Monday that it purchased 22,337 Bitcoins, making it the fifth largest acquisition in history. Among this, $1.18 billion was financed through STRC perpetual preferred shares, equivalent to about 16,800 Bitcoins (based on an average price of $70,000), far exceeding the $396 million raised through the common stock ATM program.The common stock ATM program had previously been the main tool for accumulating Bitcoin holdings, which currently total 761,068 BTC. Based on STRC's current 11.5% dividend yield, the $1.18 billion issuance results in an annual dividend obligation of about $135 million, bringing the company's total annual dividend burden to over $1 billion. The company has set aside about $2.25 billion in reserves to meet these obligations, providing a buffer amid rising financing costs.Due to the common stock falling over 70%, the company prefers to support its stock price without further diluting equity, thus it will be more selective in using common stock in the future, primarily using it when the net asset value multiple is significantly above 1 or when it needs to build dollar reserves, relying more on STRC financing to avoid issuing new common stock. Since the ex-dividend date on March 15, STRC has fallen below the par value of $100 for three consecutive days; if the one-month volume-weighted average price continues to be below par, the company may consider raising the dividend by another 25 basis points to support the price.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached $354 million, with long positions liquidated at $286 million and short positions liquidated at $68.3369 million.The liquidation amount for BTC reached $174 million, while ETH saw liquidations of $71.5942 million. In the past 24 hours, a total of 102,158 people were liquidated, with the largest single liquidation occurring on the Hyperliquid BTC-USD trading pair, valued at $10.2723 million.