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According to Bloomberg, AI startup 01.ai, founded by AI expert Kai-Fu Lee, plans to conduct an initial public offering (IPO) in Hong Kong after the end of the 2027 fiscal year and intends to seek Pre-IPO financing during its first annual performance announcement. To comply with the Hong Kong Stock Exchange's listing regulations for specialized technology companies, 01.ai is currently adjusting its offshore holding structure to pave the way for its future listing in Hong Kong.Founded in 2023, 01.ai achieved a valuation of over $1 billion in just 8 months after receiving investments from institutions such as Alibaba Cloud. The company has completed a business strategy transformation, shifting from its early self-developed cutting-edge large language models to building AI infrastructure services for enterprises, primarily fine-tuning and customizing based on domestic open-source models such as DeepSeek, Alibaba Qianwen, and Zhiyu GLM. Kai-Fu Lee revealed that approximately 50% of 01.ai's business revenue currently comes from overseas markets.

According to official news, Coinvestor Ventures announced a strategic investment in the decentralized on-chain trading platform Universe Pro.It is reported that Universe Pro is an on-chain trading platform powered by the UNAI engine. The platform aims to optimize and enhance users' capital efficiency by integrating core functions such as MEV (Maximum Extractable Value), market-making scheduling, and smart routing.

According to official news, the blockchain investment institution TBV announced its investment in the decentralized on-chain trading system Universe Pro to support the development and construction of its unified on-chain trading infrastructure.Universe Pro is committed to integrating spot trading, perpetual contracts, on-chain analytics, and liquidity mechanisms within a non-custodial framework. The core system module of the platform is the UNAI engine, which is mainly responsible for coordinating DEX liquidity participation, MEV-related execution, market-making scheduling, and payment settlement. This collaboration will further assist Universe Pro in optimizing its core infrastructure, product architecture, execution system, and on-chain verification capabilities.

According to Jinshi, Waller, as the Chairman of the Federal Reserve, presided over the first meeting during his term and decided to keep interest rates unchanged. Although there is a consensus within the committee, maintaining this consensus will become more challenging as inflation concerns intensify. When the Federal Reserve holds its meeting from July 28 to 29, Waller will have the opportunity to guide the discussion on interest rate hikes and grasp the latest inflation data from June.

According to Caixin, global HBM storage leader SK Hynix officially landed on Nasdaq in the form of American Depositary Shares (ADS), with the stock price rising about 17% at one point after the opening on the first day, reaching a total market value of $1.28 trillion.The report states that this issuance raised as much as $26.5 billion, setting a record for the largest fundraising scale for overseas companies listing in the U.S., surpassing Alibaba's $21.8 billion issuance in 2014, and only second to SpaceX's $75 billion financing, ranking as the second largest stock issuance in U.S. history. On Thursday Eastern Time, SK Hynix set the final issuance price at $149, a slight premium of 3.1% compared to the previous day's closing price on the Korean stock market.Caixin pointed out that the shares offered this time accounted for less than 3% of the company's total market value, with a relatively limited float, but the institutional subscription multiple exceeded 7 times, indicating strong demand from overseas funds for AI storage. As a core player holding 56.4% of the global HBM market share and deeply tied to Nvidia's supply chain, SK Hynix's listing in the U.S. also fills the gap of AI storage leaders in the U.S. stock market.

According to Gate market data, today in the Hong Kong stock market, the chip design stock Guo Wei Holdings reached an intraday increase of 66.66%; Paig Bio-pharmaceuticals-B rose by 41.04%; and Zhaogangwang-W increased by 29.54%. Popular sectors such as chip design, industrial internet, and innovative drugs are performing actively, and market attention continues to heat up.

Hyundai Card announced on the 9th that it has completed a proof of concept (PoC) for cross-border remittances based on stablecoins with Hyundai Motor America (HMA) and Hyundai Motor Mexico (HMM). In the first PoC, the U.S. entity converted $20,000 into USDT and then remitted it to the Mexican entity, which converted it back to dollars. The entire process, including international remittance and verification, averaged only 7 minutes, significantly shorter than the 3 to 4 hours typically required for traditional bank cross-border remittances. Tether and Avalanche participated in this verification.The second phase of the PoC will be launched at the end of this month, targeting Hyundai Motor's European entity, to conduct actual remittances in local currency instead of dollars, verifying the cost-saving effects of currency exchange. Circle and Visa will participate as partners. Hyundai Card emphasized that this verification has comprehensively considered regulatory requirements such as accounting, taxation, legal, and internal controls, going beyond mere technical testing to reach the level of actual business deployment. In the future, there are plans to expand the application of stablecoins to inter-entity settlements and fund transfers within Hyundai Motor Group's global network.

According to PR Newswire, American Bitcoin (NASDAQ: ABTC) announced today that as a "Bitcoin accumulation platform" focused on building Bitcoin infrastructure in the United States, the company plans to implement a 1-for-15 reverse stock split for its common stock, which will officially take effect on July 2, 2026, at 5:00 PM.The company expects that the Class A common stock, after the reverse stock split adjustment, will resume trading on the NASDAQ Capital Market on July 6, 2026, with the trading symbol remaining ABTC.At the effective time, every 15 shares of the issued and outstanding Class A common stock will automatically combine into 1 share of Class A common stock; every 15 shares of Class B common stock will also combine into 1 share of Class B common stock, and adjustments will be made according to the fractional shares rules. Currently, the company has no Class C common stock outstanding.

According to Xinhua News Agency, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in a blog post on the 28th that Hong Kong is not only an important channel for attracting investment but also a "key link" for mainland enterprises and products to go international, as well as a "converter" for standards and regulations between technological innovation and the international market.Paul Chan indicated that under the national "dual circulation" development strategy, Hong Kong's internationalization advantages can effectively assist mainland enterprises in connecting with global markets. The mainland's outstanding scientific and technological innovation capabilities can efficiently interact with Hong Kong's internationalization advantages, helping enterprises convert research and development results into overseas orders.At the same time, Hong Kong can introduce international long-term capital for hard technology enterprises that require "patient capital," achieving "small, early, and long-term investments" to support the growth of promising technology companies and emerging and future industries. In addition, the developing Northern Metropolis of Hong Kong aligns well with the strong entrepreneurial atmosphere in places like Xi'an, creating a positive cycle of mutual empowerment among education, technology, talent, and industry.

According to Jinshi reports, the Federal Reserve accepted a total of $6.426 billion from 8 counterparties in its fixed-rate reverse repurchase operations.

According to Jinshi, the Federal Reserve accepted a total of $5.718 billion from 6 counterparties in its fixed-rate reverse repurchase operations.

According to Jinshi, the Federal Reserve accepted a total of $4.534 billion from 7 counterparties in its fixed-rate reverse repurchase operation.

According to Jinshi, the Federal Reserve accepted a total of $6.484 billion in funds from 10 counterparties in its fixed-rate reverse repurchase operations.

According to Jinshi reports, SpaceX's stock price reversed its downward trend, rising 1% recently.

According to Bloomberg, Ghanaian cryptocurrency exchange Hyro Exchange is considering reissuing about 10% equity after completing a new round of seed financing to accelerate its expansion in Ghana and key markets in Africa. A local Ghanaian investment firm recently acquired approximately 10% equity in the company, raising its valuation to several million dollars. Hyro plans to sell an equivalent proportion of shares to overseas investors as part of its compliance expansion capital strategy. Currently, the platform has been selected for Ghana's virtual asset trading pilot project, betting on the demand for faster and lower-cost cross-border payments in Africa, which will continue to drive the growth of cryptocurrency usage.

According to SBS Biz, in the past three years, overseas remittances through cryptocurrency exchanges in South Korea have increased by 380%, while remittances through traditional banks have only grown by 20%. Last year, the total amount of foreign currency remittances from South Korea's five major banks was 159 trillion won (approximately 122 billion USD), an increase of 20% compared to 131.8 trillion won (approximately 101 billion USD) in 2022.At the same time, data from the office of Congressman Kim Sang-hoon shows that during the same period, the remittance amount through the five major won-denominated cryptocurrency exchanges in South Korea surged from 34.02 trillion won (approximately 26.2 billion USD) to 163.55 trillion won (approximately 125.8 billion USD), an increase of 380%. Dongguk University professor Hwang Seok-jin attributes the significant growth in cryptocurrency remittances to their lower transaction fees compared to banks.

According to Jinshi, the Federal Reserve accepted a total of $3.925 billion from 4 counterparties in its fixed-rate reverse repurchase operations.