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YZi Labs launched the first phase of the Atlas Scout program to assist the new generation of college student entrepreneurs in obtaining early support

According to official news, YZi Labs announced the launch of the first phase of the Atlas Scout program, recruiting four students from Stanford University, Yale University, the University of California, Berkeley, and the University of California, Los Angeles, to participate in early investment projects in the fields of Web3, artificial intelligence (AI), and biotechnology.The program aims to allow outstanding university students to gain early exposure to venture capital, participate in project discovery, preliminary research, due diligence, and investment judgment, and encourage them to organize entrepreneurial communities on campus and explore investment opportunities. YZi Labs will provide a maximum of $1 million in intended investment for related investment opportunities in this program and open its ecosystem network composed of over 300 portfolio companies.YZi Labs stated that many potential entrepreneurs often begin their explorations in laboratories, open-source projects, campus entrepreneurial organizations, and technology communities before entering traditional financing channels, and their peers who learn and work with them usually discover their potential earlier. The Atlas Scout program hopes to leverage students' own campus networks to help these early entrepreneurs obtain capital, mentorship, and industry resources. Eligible entrepreneurial teams will also have the opportunity to connect with YZi Labs' EASY Residency program or further discuss investment collaboration.The Atlas Scout program not only expands financing and resource channels for early entrepreneurs but also allows participating students to accumulate venture capital experience through practical projects, enhancing their project evaluation, founder communication, and investment judgment skills.YZi Labs stated that Scouts can independently carry out campus activities based on their interests, such as organizing technical exchanges, gathering entrepreneurial teams, or discovering potential investment projects, while receiving guidance and ecosystem resource support from YZi Labs in the process. The program aims to establish connections before entrepreneurial projects gain widespread attention, allowing initial ideas on campus to have the opportunity to develop into actual projects, while cultivating a new generation of investors who can identify technological trends and entrepreneurial potential earlier.

first_img Trump will emphasize combating overseas cryptocurrency fraud at the White House event

U.S. President Trump will emphasize his administration's actions against overseas cryptocurrency fraud at a cybercrime prevention event at the White House on Wednesday. According to Reuters citing White House officials, these overseas criminal networks lure Americans into participating in fraudulent cryptocurrency investments. Trump and cabinet members plan to point out that the government has shut down multiple fraudulent cryptocurrency investment websites and is working to close down online impersonation scams. Secretary of Homeland Security Markwayne Mullin, FBI Director Kash Patel, Secretary of Defense Pete Hegseth, and Attorney General Todd Blanche are expected to attend.The event follows an executive order from March this year, where Trump instructed the Department of Justice to prioritize identifying and prosecuting cyber fraudsters, followed by a memorandum requiring the Department of Homeland Security to collaborate with private companies to monitor foreign criminal hacker organizations. FBI data shows that in 2025, over 1 million cyber fraud complaints were submitted by the American public, a 17% increase from 2024, with record losses. Cryptocurrency fraud accounted for more than half of the losses, with the FBI's Internet Crime Complaint Center recording 181,565 cryptocurrency-related complaints, resulting in losses of $11.366 billion, with cryptocurrency investment fraud causing $7.2 billion in losses.Most of the fraud activities trace back to organized crime groups in Southeast Asia, involving Cambodia, Laos, and Myanmar, where criminals exploit trafficking victims as forced labor in scam operations. Americans aged 60 and above bear the heaviest losses, with cryptocurrency-related losses reaching $4.43 billion. Cryptocurrency ATM fraud caused losses of $389 million, a 58% increase from 2024; secondary scams targeting previous victims caused an additional $1.4 billion in losses. The FBI's "Operation Upgrade" notified 3,780 victims suffering from cryptocurrency investment fraud in 2025, estimated to recover $225.8 million.

Gate Idle Money Treasure × Yu Bi Treasure Phase 2 activity is open for a limited time, with a maximum annualized yield of 5%

According to the official announcement, the Gate Idle Money Treasure × Yu Bi Bao second phase interest rate increase activity is ongoing. This phase of the activity covers USDT current financial products, and users who meet the specified net recharge conditions can receive additional interest rate rewards.In the Idle Money Treasure activity, users who accumulate net recharges of BTC, ETH, and USDT to reach the specified threshold during the activity period and activate Idle Money Treasure can receive additional interest on top of the basic earnings. Specifically, if the cumulative net recharge reaches 10,000 USDT, users can enjoy an additional 1% interest rate, resulting in a comprehensive annualized yield of 4%; if it reaches 50,000 USDT, users can enjoy an additional 2% interest rate, resulting in a comprehensive annualized yield of 5%. The upper limit for the principal eligible for interest rate increases in both tiers is 50,000 USDT.The Yu Bi Bao activity is open to VIP 2 to VIP 14 users. If the cumulative net recharge of USDT reaches 100,000 USDT and users subscribe to a 7-day fixed-term financial product in USDT, they can enjoy an additional 7.3% interest rate on top of the 3.7% basic annualized yield, resulting in a comprehensive annualized yield of 11%. The upper limit for the principal eligible for interest rate increases is 100,000 USDT. Users must continuously meet the net recharge requirements during the subscription and the order's duration to receive the additional interest rate rewards.

first_img CITIC Securities released the second phase report on the listing guidance for MiniMax A shares

The website of the China Securities Regulatory Commission shows that CITIC Securities released the "Report on the Progress of the Guidance Work for the Initial Public Offering and Listing of MiniMax Group Inc. (Phase II)" on October 15. This phase of guidance started on July 10, 2026, and lasted for more than three months. CITIC Securities, together with Tongshang Law Firm and Ernst & Young, continuously monitors the company's operational performance and compliance in accordance with regulatory requirements and the guidance agreement, and conducts guidance through on-site training and communication on specific issues.The report states that the guidance target has established an internal governance structure and relevant company management systems, but there is still room for optimization in execution. CITIC Securities will collaborate with intermediary institutions, combine due diligence, continuously refine and improve corporate governance and standardized operations, propose rectification suggestions, and supervise the implementation of internal controls. In the next phase, work will continue with Tongshang Law Firm and Ernst & Young, focusing on enhancing standardized operational levels and preparing for guidance acceptance.On May 29, 2026, CITIC Securities signed a guidance agreement with MiniMax and submitted a guidance filing application to the Shanghai Regulatory Bureau of the China Securities Regulatory Commission on the same day, which was accepted, marking MiniMax's official entry into the guidance period. The large model company MiniMax (00100.HK) was listed on the main board of the Hong Kong Stock Exchange on January 9, 2026, approximately four years from establishment to listing, and has focused on the research and development of full-modal models since its inception.
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