rush

The Chinese AI large model company Dark Side of the Moon is accelerating its capitalization process, planning to start the final round of pre-IPO financing negotiations in August, with a target pre-investment valuation of $50 billion. Reports indicate that Dark Side of the Moon expects to complete a round of financing soon, corresponding to a valuation of approximately $31.5 billion. After completing this round of financing, the company will immediately engage in discussions for the next round of financing with potential investors, which may become its last private placement before entering the Hong Kong capital market.Market participants believe that if the financing plan proceeds smoothly, Dark Side of the Moon could initiate the process for a Hong Kong stock listing as early as this year. One of the key driving factors for this valuation increase is the company's recent release of the new generation large model Kimi K3. It is reported that Kimi K3 has a parameter scale of 28 trillion, supporting a context window of millions of tokens, making it one of the largest open-source models in the world by parameter scale. After the model was released, it quickly attracted market attention, prompting the company to adjust its new user subscription arrangements to ensure the user experience for existing customers.As the competition in generative AI enters a phase of comparison in computing power, user scale, and commercialization capabilities, large model companies are accelerating their search for capital support. Dark Side of the Moon's financing plan also reflects the market's ongoing interest in leading AI foundational model companies. However, the $50 billion valuation target also implies higher commercialization requirements. In the future, investors will focus on Dark Side of the Moon's revenue growth, control of computing costs, and whether the Kimi series models can form a stable business model. If the financing and listing plans proceed smoothly, Dark Side of the Moon may become an important case of capitalization for Chinese AI large model companies.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: Fluxo W7M vs Imperial - BetBoom RUSH B! Summit Playoffs," the option "Fluxo W7M" in the sub-market "Map 3 Winner" has experienced a dramatic fluctuation in winning probability, soaring from 56% an hour ago to the current 86% (a fluctuation of 30%). Please note the impact of related breaking news.

According to CCTV International News, the Iranian Revolutionary Guard stated today (June 19) that the remarks made by Iran's Supreme Leader Mujtaba regarding the Iran-U.S. memorandum of understanding "further solidified the united front of the Iranian people, enabling them and the armed forces to more resolutely guard the fruits of victory, and providing valuable assets for Iranian politicians in their pursuit of national rights."The statement indicated that the aggressors have faced defeat on the battlefield—having once threatened to "wipe Iran off the map" and "send Iran back to the Stone Age," they are now "retreating in despair to the point of begging for understanding and negotiation," bowing their heads before the Iranian people.The statement claimed that if the enemy attempts to make unreasonable demands again, infringing upon the rights of the Iranian nation as they have in the past, then the Revolutionary Guard will be prepared with even greater strength in land, sea, air, and all areas of hybrid warfare—ready at any time to deliver an even more devastating historic defeat to the enemy, as soon as the Supreme Leader gives the order.

According to the official announcement, Binance Wallet has launched a new feature called EventRush, allowing users to trade tokens representing the outcomes of real-world events such as sports events, cryptocurrency price targets, or news.This feature is supported by the 42.space protocol on the BNB Chain, allowing users to purchase event tokens using USDT on BSC, and they can sell or hold until settlement at any time before the event ends. Winners can share the entire prize pool with no limit on earnings. A service fee is required for each transaction, and a redemption tax must be paid when selling.This feature is available to all verified Binance Wallet users, although it may not be accessible in certain restricted regions.

According to CoinDesk, OKX stated that even as the company accelerates its global expansion and ventures into tokenized finance, it does not intend to rush into the U.S. public market. The company's Global Managing Partner and Chief Marketing Officer Haider Rafique said at the New York Digital Assets Summit on Thursday, "We will only go public when we are confident that we can deliver shareholder value. If we are not confident in doing that, I don't think there is a need to enter the public market."This stance comes as OKX recently completed a strategic investment related to the Intercontinental Exchange, bringing the company's valuation to $25 billion. Rafique stated that the company has adopted a conservative strategy in pricing. He said, "Based on our revenue growth, licenses, and assets, I think we are pricing ourselves too low." He added that this move is "very intentional" and related to long-term shareholder returns.These remarks reflect broader market concerns about the performance of crypto companies in the public market. Rafique pointed out that at least one major listed company has performed poorly since going public. He said, "I bought one share. That share is now down 50%. This is not good and is actually detrimental to the entire sector."

The Digital Renminbi Operations Management Center officially announced three types of "scam" schemes: Scheme One is using "Digital Renminbi promotion" as a pretext to conduct pyramid scheme fraud. The Digital Renminbi has never engaged in activities such as "recruiting promoters," "promoter exams," "down codes," or "developing subordinates," and has never charged a 400 yuan/device installation service fee. Any recruitment of "civilian promoters" through group chats or offline and online meetings is a scam; Scheme Two is luring individuals to transfer money under the guise of "order brushing and rebates," and Scheme Three is tricking individuals into downloading counterfeit apps to steal information or funds.

Binance announced that the Chinese name for Topic Rush is officially named "Hot Radar," and it is now available on the Binance Wallet app, located in "Market" - "Trench." This section features topic cards generated by AI, capturing real-time hot topics.Users need to update the app to version 3.10.0 or above from the App Store / Google Play to experience this feature.

According to official news, Binance Wallet Meme Rush has announced that it now supports the Flap protocol, allowing users to discover and trade the new Flap token on Meme Rush via the web and app.It is reported that Flap is a one-click social fair launch and trading platform, dedicated to achieving fair and simple token issuance, unleashing the potential of the community, and promoting large-scale token adoption.

Binance Wallet announced on platform X that users can now discover and trade the new Flap token on Meme Rush through the website and application, which offers fast execution capabilities and comprehensive indicator monitoring.

$memerush is the first project launched on the Binance Wallet Meme Rush platform, adopting a Community Governance (CTO) model, which distinguishes it from most anonymous Meme projects.The project plans to launch on multiple trading platforms and has disclosed a clear funding arrangement for ecological development. Currently, there are over 36,529 holding addresses, with some users coming from Binance's non-custodial wallet. The community has made initial progress in launching on multiple exchanges.Its contract address (BEP-20): 0x4444b1e4de34df52cf91e30cc7c0336ee03d7c1b

According to Jin Ten, Federal Reserve's Bostic stated that price pressures come not only from tariffs, and the Federal Reserve should not rush to declare victory.

Amazon has launched the next-generation AI chip Trainium 3, which has a training speed four times that of its predecessor, aiming to capture market share from Nvidia. This chip will be offered as a service through AWS, supporting large-scale model training. Meanwhile, several Bitcoin mining companies, such as Core Scientific and IREN, are transforming their data centers into AI infrastructure and have reached billion-dollar partnership agreements with Microsoft, Google, and others. Despite the high enthusiasm for AI infrastructure investment, analysts warn that if demand slows down, related companies may face a funding gap of up to $800 billion.

BitMEX co-founder Arthur Hayes posted on social media, "The lack of liquidity in BTC has led to excessive declines. The bottom is coming, don't rush to sell. Wait for the U.S. stock market to also experience a crash. We expect the government to print more money, which requires a drop in AI tech stocks."

According to Jinshi, the three major U.S. stock indices are approaching the opening, with Google (GOOG.O) up 1.1% after releasing the powerful model Gemini 3; Nvidia (NVDA.O) is up 1.7%, as the company will announce its earnings after the market closes; search engine marketing company Semrush (SEMR.N) has surged 74%, as Adobe plans to acquire the company for $1.9 billion. The Nasdaq Golden Dragon China Index is down 0.88%.

According to Cointelegraph, Kraken co-CEO Arjun Sethi stated in an interview with Yahoo Finance that despite the policy environment becoming friendlier and market conditions improving, Kraken is not in a hurry to go public in the United States.Sethi emphasized, "We are in a strong financial position, with enough capital on our balance sheet, and we are not rushing to the door just because other companies are going public." Since mid-2024, there have been rumors about Kraken planning to go public, and Bloomberg reported in March that the company could go for an IPO as early as the first quarter of 2026.This year, several crypto companies have successfully gone public. Stablecoin issuer Circle saw its stock price soar over 160% to above $83 after its June IPO, then surged to over $260 in the following days, and has since fallen back to around $82. Gemini, Bullish, eToro, and blockchain company Figure have also gone public, while custody firm BitGo submitted its IPO application in September, and Grayscale also filed for an IPO on Thursday.Regarding Bitcoin's recent pullback of over 22% from its peak of over $126,000 in early October to around $97,000, Sethi expressed that he is not worried, believing that "what's more important is the investment logic behind holding Bitcoin, Ethereum, or other assets, rather than holding dollars or other stocks."