Scan to download
BTC $63,290.14 +0.25%
ETH $1,687.44 +0.92%
BNB $604.25 +1.47%
XRP $1.17 +2.17%
SOL $67.08 +1.92%
TRX $0.3240 -0.79%
DOGE $0.0864 +1.12%
ADA $0.1705 +5.12%
BCH $209.55 -5.41%
LINK $7.95 +0.86%
HYPE $62.19 -1.48%
AAVE $63.16 +0.92%
SUI $0.7574 +1.36%
XLM $0.2007 -0.61%
ZEC $469.06 +7.44%
BTC $63,290.14 +0.25%
ETH $1,687.44 +0.92%
BNB $604.25 +1.47%
XRP $1.17 +2.17%
SOL $67.08 +1.92%
TRX $0.3240 -0.79%
DOGE $0.0864 +1.12%
ADA $0.1705 +5.12%
BCH $209.55 -5.41%
LINK $7.95 +0.86%
HYPE $62.19 -1.48%
AAVE $63.16 +0.92%
SUI $0.7574 +1.36%
XLM $0.2007 -0.61%
ZEC $469.06 +7.44%

nus

Chinese companies like Moonshot AI are weighing company restructuring after the reversal of the Meta Manus deal

According to Benchmark Studio, after the China Securities Regulatory Commission issued inquiries to multiple companies regarding overseas shareholding structures, Chinese tech startups such as Moonshot AI and DeepRoute.ai are evaluating the feasibility of relocating their company registration from overseas back to China. They are currently discussing related plans with lawyers and have not yet made a final decision. Shanghai AI model developer StepFun has taken the lead in initiating the process of dismantling its overseas shareholding structure to expedite the regulatory approval process for its Hong Kong IPO.The direct trigger for this tightening of regulations was Meta's acquisition of the AI agency Manus, founded by Chinese individuals, for $2 billion—relevant authorities have ordered the cancellation of this acquisition, leading to a systematic review by regulators of the "domestic operation, overseas registration" company model.Dismantling the red-chip structure is complex, typically taking six months to a year, involving multiple steps such as repurchasing offshore equity, establishing joint ventures, and investors re-entering shares. Additionally, the lock-up period for joint ventures listed in Hong Kong lasts up to 12 months, which is twice as long as that for ordinary red-chip stocks. Analysts point out that if the red-chip structure faces comprehensive restrictions, it will significantly weaken the ability of Chinese startups to obtain dollar financing from overseas.

first_img Kaiko Report: Multiple tokens experienced unusual trading activity before the announcement of their listing on Robinhood

According to a report by the analysis firm Kaiko on Monday, the open interest, funding rates, and on-chain trading patterns in the perpetual contract market indicate that some traders may have positioned themselves ahead of the announcement of the Robinhood cryptocurrency listing. The report highlights the most obvious case of wallet address 0xa1E, which opened a long position in Lighter (LIT) on Hyperliquid at 11:05 AM on January 15, about an hour before Robinhood announced the listing of the token, and this wallet subsequently closed the position after the announcement.The same address also opened a short position in HOOD a few hours before Robinhood reported lower-than-expected first-quarter revenue on April 28. Several tokens, including ZEC, SNX, and NEAR, experienced abnormal spikes in open interest and funding rates, as well as price drift, before their listing announcements. Researcher Fraussen told Cointelegraph that traders who understand microstructure may have noticed public signals such as rising funding rates and increased trading volume and positioned themselves accordingly, but this type of positioning is statistically consistent and has repeatedly occurred across multiple events, reflecting privileged access to Robinhood's listing pipeline or a highly reliable front-running method based on public signals.
app_icon
ChainCatcher Building the Web3 world with innovations.