shares

Citigroup released a research report stating that it has initiated coverage on Zhongji Xuchuang (03308.HK) H shares with a buy rating, based on a forecasted price-to-earnings ratio of 16.2 times for 2027, with a target price of 1,524 Hong Kong dollars.The bank expects the company's revenue and net profit compound annual growth rates from 2025 to 2028 to reach 129% and 149%, respectively, benefiting from strong demand for AI optical communication, bandwidth upgrades, rapid capacity increases, improved product mix, rising adoption of silicon photonics technology, and operational leverage. The bank believes that the company's comprehensive product portfolio, scalable production capacity, cutting-edge technological advancements and R&D capabilities, flexible and resilient supply chain, as well as solid relationships with leading global cloud service providers and AI clients, are likely to support its leading position in the AI era.

According to Businesswire, ProCap Financial, a Bitcoin treasury company owned by Anthony Pompliano, announced that it has sold approximately 50 Bitcoins, with the proceeds used to repurchase over 2% of its outstanding shares at a price that is about 40% below the net asset value (NAV).ProCap Financial stated that since the initiation of the stock repurchase program, the cumulative repurchased shares have accounted for approximately 10% of the outstanding shares, and as of the market close, it still holds about 5,305 Bitcoins, and will continue to assess opportunities for stock repurchases when the share price is significantly discounted to NAV.

According to the official announcement, Gate will launch Cluster Protocol (CP) spot trading on September 2 at 23:00 (UTC+8), and CP perpetual contract real trading (USDT settlement) will be available at 23:10 (UTC+8), supporting 1-20 times leverage. Gate will launch CP on the flash exchange platform on September 3 at 00:00 (UTC+8).Gate Launchpool will open the 374th event from September 7 at 20:00 to September 21 at 20:00 (UTC+8). Users who stake BTC, ETH, or CP can share 5,000,000 CP tokens, with rewards automatically distributed to spot accounts every hour, 100% unlocked. The BTC pool provides 2,000,000 CP, the ETH pool provides 2,000,000 CP, and the CP pool provides 1,000,000 CP. Users can complete staking in advance.

According to Hong Kong 01, Binance founder Zhao Changpeng reflected on his journey from a rural area in Jiangsu to a net worth of hundreds of billions in an exclusive interview, sharing his "Four No" financial principles: do not buy stocks, do not speculate on real estate, do not trade cryptocurrencies, and do not hold excessive cash. He explained that real estate transactions are time-consuming and the returns are not worth it, and he never trades stocks or engages in short-term cryptocurrency trading, only holding long-term and selling some crypto assets when needed. "Holding fiat currency is the dumbest investment method; cash continues to depreciate."In 2013, Zhao Changpeng sold his house and invested all his money into Bitcoin, which at one point dropped two-thirds in value and remained stagnant for a year and a half. In 2017, he founded Binance, which became the world's largest cryptocurrency exchange in just five months. In 2023, he was sentenced to four months in prison for violating the U.S. Bank Secrecy Act, and was pardoned by Trump last year. His current net worth is approximately $114.6 billion. He admitted that success is a matter of luck, but the key lies in consistently making the right decisions and quickly correcting mistakes.

According to GlobeNewsWire, the U.S. publicly traded company DeFi Development Corp. (Nasdaq: DFDV) announced plans to conduct an initial public offering (IPO), issuing up to $20 million in Series C perpetual preferred stock, with net proceeds to be used for working capital, increasing SOL holdings, and investing in other digital assets.

The U.S. government previously seized the shares of Anthropic held by FTX founder Sam Bankman-Fried's two key allies, Caroline Ellison and Nishad Singh, and sold the related shares to existing investors of Anthropic in 2025. However, the specific buyers, transaction prices, and the amount received by the government have not been disclosed. The court previously ruled that Ellison and Singh must forfeit their shares in Anthropic. The U.S. government acquired the shares of the two in February and April 2025, respectively. The two had previously invested $10 million and $40 million to participate in Anthropic's Series B financing in 2022.As Anthropic's valuation skyrocketed, the value of their shares significantly increased. UCLA professor Olav Sorenson estimated that based on Anthropic's announced valuation of $965 billion in May this year, the total value of their holdings is approximately $4.17 billion to $5.03 billion; if Anthropic goes public at a valuation of $2 trillion in the future, the value of the related shares could reach about $5.44 billion. It is currently unclear at what price the U.S. government sold these shares. Estimates indicate that if the transaction occurred at different points in time in 2025, the proceeds from the sale of the related shares could range from approximately $250 million to $1.1 billion. Notably, as of the end of June 2026, the proceeds from the sale do not appear to have been transferred into the FTX bankruptcy estate management system. FTX victims' representative Sunil Kavuri stated that the government should use the related funds to compensate the victims; the U.S. Department of Justice claimed that it prioritizes providing compensation to victims from forfeited assets, but information regarding the sale of related assets and fund distribution is confidential.

According to reports from the major factory, ByteDance recently held a briefing on Doubao stocks and introduced new policies for relevant employees: the price of Doubao stocks was adjusted from $14.85 per share in June to $17.02 per share, an increase of about 14.6%; the issuance of Doubao stocks was increased, with some employees reaching a total package of about 5%; employees can choose to convert a certain proportion of cash in their total package into Doubao stocks, with the proportion varying by job level.This adjustment mainly targets the large model departments under Seed (pre-training, multimodal, VLM, etc.) and the Doubao main APP team under Flow. From $13.08 in April of this year to $17.02 in August, the Doubao stock has increased by about 30.1% in less than half a year, which is about twice the increase of ByteDance options during the same period (approximately 14.5%).

Genius Group plans to restart its Bitcoin reserves with the funds raised from the issuance and aims to increase the reserve size to $827 million by 2031.

According to a report by Sina Finance, informed sources say that Anthropic has been formulating a plan to allow existing shareholders to sell part of their holdings in the IPO. The report states that the company is also considering setting a lock-up period for share sales that is longer than usual after the listing. It is currently unclear how many shares existing shareholders can sell in the IPO, nor which categories of shareholders can participate in the sale.The report states that Anthropic plans to publicly disclose the IPO prospectus after Labor Day in the United States. The IPO is likely to take place at the end of September or the beginning of October, but Anthropic may also choose to delay the issuance.

According to Crypto Briefing, the U.S. Depository Trust & Clearing Corporation (DTCC) has added 21Shares' Polkadot Staking ETF to its listing, with the code TDOT, marking the official entry of this product into the U.S. ETF ecosystem. Meanwhile, 21Shares has renamed the fund from its original name "21Shares Polkadot ETF" to "21Shares Polkadot Staking ETF," with this change taking effect on August 27, 2026.This name change is not just a superficial adjustment; the term "Staking" clearly communicates the product mechanism to institutional investors: the fund holds DOT tokens, stakes 40% to 95% of its holdings through network validators, and distributes earnings to shareholders on a quarterly basis. The current staking yield is 2.04%, with a management fee of 0.3%, and custody is jointly handled by Anchorage Digital, BitGo, and Coinbase. The ETF was listed on Nasdaq on March 6, 2026, with initial seed funding of approximately $11 million, and as of the end of August, the assets under management are approximately $7.5 to $7.9 million.

HPQ.N fell more than 8% in pre-market trading due to a decline in shipment volume and profit margins in its personal computer division for the third quarter.

The 21Shares report shows that Solana is advancing two governance proposals, SIMD-550 and SIMD-553, which may significantly change the SOL holding economic model in the next two years.SIMD-550 proposes to increase Solana's annual inflation reduction rate from 15% to 30%, allowing it to reach a terminal inflation rate of 1.5% more quickly, with nominal staking yields expected to drop to about 2.25% within three years.SIMD-553 was approved and merged on July 20, and will introduce a destruction fee for compute unit requests, increasing the daily SOL burn amount from about 600-800 to about 7500-9000.The report believes that although the decline in staking income will directly affect the earnings of validators and stakers, a lower issuance combined with a higher burn rate may improve the long-term supply and demand structure of SOL, and could drive some capital towards the decentralized finance ecosystem on the Solana chain.

According to Hong Kong Stock Exchange documents, Tencent Holdings (00700.HK) repurchased 672,000 shares on August 26, at a cost of HKD 300.4 million.

According to the SpaceX stock unlocking schedule, the first batch of shares for Gate Pre-IPOs project SpaceX (SPCX) will be unlocked on August 26 at 20:00 (UTC+8). The total amount of the first batch to be unlocked is 33,900 SPCX, with 20% of the shares being unlocked based on the actual holdings at the time of the user’s spot account snapshot, and the corresponding shares will be directly credited to the Gate stock account at a 1:1 ratio.Gate is the first platform in the industry to support Pre-IPO share unlocking and directly distribute listed company stocks to users. This unlocking includes SPCX that users previously acquired and held through Pre-IPOs, as well as SPCX purchased subsequently; SPCX that has been sold will not be included in this round of unlocking. Users need to check their SPCX holdings and open orders in advance to ensure that the SPCX used for this unlocking is in an available state.Gate will continue to provide users with an asset participation experience from Pre-IPOs subscription before listing, internal trading, to stock unlocking entering the U.S. stock market. This is the first 20% stock unlocking for SpaceX (SPCX), and the remaining portion will be processed according to the unlocking rules of the target company as soon as possible, subject to the official announcement from Gate.

WEEX Exchange Announcement: We have now implemented a 0 fee rate for stock token spot trading, allowing users to win multiple rewards and share a prize pool of $100,000. Event duration: 8/24 20:00 - 8/31 19:59:59 (UTC+8).During the event, new users who net deposit ≥ 100 U and choose any stock token for their first spot trade (no limit on trading volume) will receive a bonus of 100 USDT; all users who complete any stock token spot trade will receive a bonus of 10 USDT; all users whose cumulative spot trading volume reaches the specified threshold will unlock corresponding lucky blind boxes, with a maximum bonus of 800 USDT.

On August 25, according to Hong Kong Stock Exchange documents, Alibaba Group Chairman Cai Chongxin purchased another 720,000 shares of Alibaba on Tuesday, costing 82 million Hong Kong dollars, following his initial purchase of 720,000 shares.After Alibaba announced a new share placement plan of 80 billion Hong Kong dollars, Group Chairman Cai Chongxin and CEO Wu Yongming increased their holdings by a total of approximately 120 million Hong Kong dollars in Alibaba shares. Among them, CEO Wu Yongming bought 350,000 shares of Alibaba's Hong Kong stock at an average price of about 111.6 Hong Kong dollars, costing approximately 40 million Hong Kong dollars. Together, the two increased their holdings by 1.07 million shares, totaling about 120 million Hong Kong dollars.The proceeds from Alibaba's 80 billion Hong Kong dollar new share placement will be fully invested in full-stack AI capabilities and AI infrastructure construction. The placement received active subscriptions from long-term investors such as global sovereign wealth funds, ultimately achieving nearly 3 times oversubscription.

Bitcoin News posted on the X platform that Bitcoin mining company Bitari Inc. plans to sell 4.3 million shares at $7 per share, raising $30 million, and intends to conduct an IPO and list on NASDAQ.

According to the 8-K document submitted by Strategy to the SEC, the company did not purchase Bitcoin from August 17 to 23, 2026, maintaining a holding of 840,447 coins, with a total holding cost of approximately $6.336 billion and an average price of about $75,385.During the same period, the company sold 18,261,100 shares of MSTR common stock through the ATM program, raising approximately $2.0065 billion, of which $136.4 million was used to repurchase STRC preferred stock, $300 million was used to replenish the USD Reserve, and the remainder was allocated to the USD Cash liquidity account; additionally, $136.4 million was used to repurchase 1,431,200 shares of STRC preferred stock, with a remaining balance of approximately $516.6 million in the preferred stock repurchase program.As of August 23, the balance of the USD Reserve was $5.1 billion, and the balance of USD Cash was $1.59 billion.

According to the latest documents from the Hong Kong Stock Exchange, after Alibaba announced a new share placement plan of HKD 80 billion, the group's chairman Cai Chongxin and CEO Wu Yongming each increased their holdings of Alibaba shares by a total of approximately HKD 120 million.Cai Chongxin purchased 720,000 shares of Alibaba's Hong Kong stock at an average price of approximately HKD 112, costing about HKD 80 million; Wu Yongming bought 350,000 shares of Alibaba's Hong Kong stock at an average price of approximately HKD 111.6, costing about HKD 40 million. The two together increased their holdings by 1.07 million shares, with a total amount of approximately HKD 120 million.

On August 24, according to Gate market data, Hong Kong stock Alibaba fell more than 10%, with its stock price hitting a new low in nearly a month.Previously, it was reported that Alibaba announced plans to place new shares in Hong Kong. The company stated that the total amount of this placement is HKD 80 billion (USD 10.2 billion). This transaction will become the largest primary follow-on offering in the history of Hong Kong-listed companies and the largest Regulation S stock issuance on record (for securities issued and sold outside the United States), and it is also the third largest primary follow-on stock issuance globally this year, following Alphabet and Intel.