Scan to download
BTC $68,526.64 -3.14%
ETH $2,052.66 -5.11%
BNB $625.69 -3.04%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $462.38 -2.87%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9135 -4.81%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $68,526.64 -3.14%
ETH $2,052.66 -5.11%
BNB $625.69 -3.04%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $462.38 -2.87%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9135 -4.81%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

dis

Insiders: The Dark Side of the Moon is considering going public in Hong Kong and has begun discussions with companies like Goldman Sachs

According to a report by Bloomberg, Kimi's parent company, Moon's Dark Side, is in the preliminary stages of considering an initial public offering in Hong Kong and has begun discussions with China International Capital Corporation and Goldman Sachs regarding the listing cooperation. The specific timing has not yet been determined, and the planning is still underway, with the possibility that it may not proceed. Both Moon's Dark Side and Goldman Sachs declined to comment, and China International Capital Corporation did not respond.After completing over $700 million in financing earlier this year, Moon's Dark Side is negotiating a new round of financing, with a scale of up to $1 billion, which would bring its valuation to approximately $18 billion after this round of funding. Its C round valuation was about $4.3 billion at the end of last year, and the valuation has since risen rapidly. Founder Yang Zhilin stated in an internal letter at the end of last year that the company has 10 billion RMB in cash and is "not in a hurry to go public in the short term." There were also rumors of a "backdoor listing" last December, which the company denied.Competitors in the same sector, Zhiyu and MiniMax (Xiyu Technology), have already gone public on the Hong Kong Stock Exchange, and taking advantage of the investor enthusiasm generated by peers going public, Moon's Dark Side has been accelerating its financing in the private equity market.

The compromise proposal for the cryptocurrency market structure bill has sparked industry divisions, with Coinbase expressing dissatisfaction with the stablecoin yield provisions

This week, a compromise proposal regarding the yield section of the Clarity Act by U.S. Senators has sparked mixed reactions within the crypto industry. Coinbase has expressed dissatisfaction with the latest compromise text to the senator's staff but has not publicly stated opposition.The proposal was presented to stakeholders in the crypto industry on Monday, with some expressing dissatisfaction while others felt the outcome was better than expected. The proposal will instruct certain regulatory agencies to formulate rules to clarify the regulatory approach to yield-generating activities, but there are concerns that regulators may set subjective standards. Additionally, the text may limit companies' ability to tie rewards to the scale of stablecoin transactions.During this week's industry conference call, Coinbase had disagreements with other parties, with some companies believing that giving up certain stablecoin rewards is too costly, while others felt that losing the Clarity Act poses a greater risk to the overall legislative framework for the crypto industry. Previously, news related to this compromise proposal had impacted the market, with Circle's stock price dropping 20% on Tuesday and slightly rebounding on Wednesday.White House crypto advisor Patrick Witt criticized the related predictions on the X platform as "uninformed" and stated that "everything will be resolved." The final text is expected to be released this weekend or early next week.
app_icon
ChainCatcher Building the Web3 world with innovations.