tech

According to Jinshi, citing a report from the Korean News Agency, SK Group will supply chips worth $750 billion to American technology companies, including Nvidia.

According to market news, the listed company KULR Technology has sold 333 bitcoins to fully repay its $20 million Coinbase credit line. It currently holds a total of 760 BTC.

According to market news, American defense technology company Anduril is in talks for financing, with a valuation of approximately $100 billion. No decisions have been made regarding future financing yet.It is reported that the company may ask investors to commit to participating in the subsequent second round of financing at a higher valuation.

Domestic DRAM storage IDM leader Changxin Technology will officially list on the Sci-Tech Innovation Board on July 27, with an issuance valuation of approximately 580 billion yuan and a total fundraising amount of 29.5 billion yuan, of which about 22.066 billion yuan is for equipment purchase and installation costs. Industry insiders believe that 2026-2027 is the golden window period for the introduction of domestic equipment.In terms of the supply chain, on the equipment side, North Huachuang has shipped a large volume of various categories such as etching and thin film deposition, Zhongwei Company continues to validate and mass-produce etching and thin film equipment, Huahai Qingshi CMP equipment has entered the core supply chain, and Jingce Electronics and Jingzhida testing equipment are benefiting simultaneously. On the materials side, Yake Technology precursor products cover advanced process needs, Guanggang Gas provides special gases and bulk gases, Jinhong Gas has a gas production order cycle of 15 years, Tongcheng New Materials ArF/KrF photoresists have entered mass production, Jingrui Electric Materials has a market share of over 40% in high-purity hydrogen peroxide, but high-end photoresists are still in the validation stage, and Debang Technology is in the sample testing stage. On the packaging and module side, Huatian Technology is a packaging supplier, Jiangbolong and Demingli have reached procurement agreements, while Maijie Technology is still in the introduction phase. On the distribution side, Shangluo Electronics has been authorized, and there are expectations for supply strategy adjustments after listing. Several listed companies hold shares indirectly through industrial funds, with Shangfeng Cement holding approximately 0.1517% of the equity before issuance.

Nasdaq-listed digital insurance product company Zhibao Technology announced that it has signed a non-binding term sheet with Joyertech and Information OPC, intending to sell shares through PIPE financing and receive approximately 3,500 bitcoins as consideration, valued at about $220 million at current prices. The transaction is still subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a final agreement. The term sheet indicates that at the time of PIPE financing closing, the buyer is expected to designate a majority of the board members of Zhibao Technology, while the existing management team will continue to be responsible for daily operations. Zhibao Technology disclosed on July 15 that it received a deficiency notice from Nasdaq due to its stock price falling below $1 per share. The company has 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement of $1 per share, with a deadline of January 6, 2027.

According to PRNewswire, Nasdaq-listed company Canton Strategic Holdings announced that it has completed the sale of its biotechnology research and development department, Gravitas Life Sciences, to Gravitas Collective Corp. The transaction was unanimously approved by the company's board of directors and was officially completed on July 17, 2026.This sale marks the company's further transformation into an operational enterprise focused on driving the digitization of traditional financial markets around the Canton Network, promoting asset tokenization and the digitization process of financial markets, as well as financial infrastructure business.

According to Jinshi News, Changxin Technology stated that the company's stock will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 27, 2026.

Hong Kong, July 23, 2026 - PhotonPay, a next-generation global financial operating system built on a stablecoin-native architecture, has been recognized in the CNBC 2026 World's Top Fintech Companies rankings, Payments category. The list, compiled jointly by CNBC and Statista, covers 500 leading fintech companies worldwide. PhotonPay supports unified fiat and stablecoin transactions with real-time settlement, serving tens of thousands of enterprises globally. Customers have reduced fund transfer costs by over 75% and improved finance team efficiency by 60% (as of December 2025).

Michael Kratsios, the Director of the White House Office of Science and Technology Policy, stated that information has been obtained showing that Moonshot AI is distilling Anthropic's Fable model by building a large-scale internal platform for the development of its K3 model, and has switched access methods multiple times to evade detection. He also pointed out that Moonshot AI has purchased GB300 servers and accessed GB300 equipment in Thailand, which may be used for training AI models. Kratsios stated that the U.S. supports legitimate distillation and open innovation but opposes the theft of U.S. technology through large-scale secret industrial distillation methods. Currently, Moonshot AI has not publicly responded to this.

Chinese listed company Zhibao Technology announced that it has signed a non-binding term sheet with Joyer Tech to conduct PIPE financing based on 3,500 bitcoins.

According to an analysis of LSEG consensus expectation data by Reuters, Microsoft, Alphabet, Amazon, Meta, and Oracle are facing cash flow pressures from AI investments. On the current trajectory, by 2027, the combined capital expenditures of these companies are expected to exceed their generated free cash flow. Data shows that these companies' annual operating cash flow in 2027 will increase by approximately $340 billion compared to 2025, but capital expenditures are expected to increase by about $534 billion, meaning that for every additional $1 in cash flow, an extra investment of about $1.57 is required.Among them, Oracle faces the most significant pressure, with its capital expenditures as a percentage of operating cash flow rising from 47% in the 2022 fiscal year to 174% in the 2026 fiscal year (ending in May), with total capital expenditures reaching $55.7 billion, while operating cash flow is only $32 billion. The company's stock price has already dropped 36% this year. Amazon also saw its free cash flow drop to $1.2 billion in the first quarter. Analysts point out that if AI fails to significantly drive revenue growth, expand profits, and improve cash flow in the next two to three years, the market will begin to question whether the investment cycle has been excessive. Alphabet will be the first to announce its earnings report this Wednesday, and the market will closely monitor whether its cloud and AI revenues can keep pace with the growth in expenditures.

According to market news, Bitcoin Treasuries.NET posted on platform X that shareholders of the UK Bitcoin treasury company Satsuma Technology, supported by Mark Moss, have voted to sell all of their remaining 668 BTC, return capital to shareholders, and close the company.

According to Bloomberg, Venezuela's largest fintech company Cashea recently completed two rounds of financing totaling $100 million, including a $60 million Series B round led by FinSight Ventures in June this year, and a $40 million Series A round completed in March led by Spice Expeditions, which included $20 million in debt provided by Architect Capital. Several U.S. donor funds and Latin American investment institutions participated.Founded in 2022, Cashea provides "buy now, pay later" services for Venezuelan consumers who have long been credit-constrained. Users can make a down payment via the app or by scanning a code offline and then pay in interest-free installments. The company claims to have processed over 110 million transactions, serving more than 10 million accounts, with partnerships reaching 40,000 merchants. The new funds will be used to expand credit products and support post-disaster reconstruction.

Changxin Technology announced that the results of the company's initial public offering and listing on the Sci-Tech Innovation Board have been released. The issuance price is 8.66 yuan per share, with an initial number of shares issued being 6.688 billion shares, accounting for approximately 10% of the total share capital after issuance.The final strategic placement quantity is 1.667 billion shares, and the final online issuance winning rate is approximately 0.47141739%. Online investors subscribed for 3.845 billion shares and abandoned subscriptions for 6.5862 million shares; offline investors subscribed for 2.173 billion shares and abandoned subscriptions for 31,567 shares.The joint lead underwriters underwrote 6.6178 million shares, with an underwriting amount of 57.3101 million yuan. Before the exercise of the over-allotment option, the issuance costs amounted to 281 million yuan.

SanDisk (SNDK) and Micron Technology (MU) stock prices have rebounded, and the market attention on related assets continues to rise. According to Gate market data, SanDisk (SNDK) is currently priced at $1,390.52, with a 24-hour increase of 2.52%; Micron Technology (MU) is currently priced at $866.18, with a 24-hour increase of 2.00%. Along with the fluctuations in the sector, trading of related derivatives for the two major assets remains active. According to Coinglass data, the 24-hour trading volume for Gate SNDK contracts reached $163 million, with an open interest of $32.33 million; the 24-hour trading volume for Gate MU contracts reached $37.59 million, with an open interest of $18.08 million, making the trading activity among the highest in the network.

According to Jinshi reports, Goldman Sachs stated that hedge funds are selling U.S. tech stocks at a record pace.

According to Changxin Technology's announcement, the preliminary offline allocation results and online winning results for the company's initial public offering and listing on the Sci-Tech Innovation Board have been announced. The issuance price is 8.66 yuan per share, with an initial number of shares issued of approximately 6.688 billion shares, and there are a total of 7,702,207 winning numbers. Each winning number can only purchase 500 shares of Changxin Technology A-shares.