evaluation

According to a notice from MiniMax Group Inc., the board of directors has resolved to explore a preliminary proposal for the issuance of RMB shares, which may involve entering into agreements with professional advisors and consulting with relevant securities or other regulatory agencies.The company has engaged professional advisors to provide consulting on compliance with the listing requirements on the Sci-Tech Innovation Board and has signed a mentoring agreement. The issuance of RMB shares will depend on market conditions and necessary regulatory approvals.

According to CoinDesk, JPMorgan analyst Nikolaos Panigirtzoglou and others stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that had driven demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant outflows, and institutional positions in the CME futures market have also weakened simultaneously. This trend indicates that investors are retreating from the macro hedging trades that had become popular due to inflation concerns and global instability, and it is not that Bitcoin funds are shifting to gold, but rather that both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

J.P. Morgan analysts, including Nikolaos Panigirtzoglou, stated that as signs of easing tensions in the Middle East emerge, investors are gradually withdrawing from the Bitcoin and gold markets. The "devaluation trade" that previously drove demand for both is losing momentum.In the past two weeks, both Bitcoin and gold-related ETFs have seen significant capital outflows, and institutional positions in the CME futures market have also weakened concurrently. This trend indicates that investors are retreating from the macro hedging trades that became popular due to inflation concerns and global instability, and it is not a case of Bitcoin funds shifting to gold; rather, both asset classes are facing a simultaneous decline in demand. Since the Iran conflict, Bitcoin has been a major representation of the "devaluation trade."

According to The Block, JPMorgan analysts have stated that Bitcoin is gradually surpassing gold as a currency devaluation hedge tool following the Iran conflict.Analysts led by Managing Director Nikolaos Panigirtzoglou noted that Bitcoin ETFs recorded inflows for the third consecutive month in May, while gold ETFs are still struggling to recover the funds that flowed out during the outbreak of the Iran conflict in March. This indicates that since the conflict began, retail investors are choosing Bitcoin over gold for devaluation hedge trades.The analysts stated that Bitcoin purchases are not limited to retail investors through ETFs. JPMorgan's position proxy indicators based on CME Bitcoin futures and offshore perpetual futures have also reached new highs, indicating that institutional investors are similarly increasing their exposure. The momentum signals for Bitcoin and gold have also rebounded since the conflict began. Investors are also indirectly buying Bitcoin through Strategy, with the company's purchase volume potentially reaching around $30 billion this year if the current pace is maintained.

According to The Block, Jack Dorsey's fintech company Block recorded a revaluation loss of $173 million in the first quarter due to fluctuations in Bitcoin prices, resulting in a net loss attributable to common stockholders of $309 million.Block holds 28,355 Bitcoins, valued at approximately $2.2 billion. Despite this non-cash loss, Block's total gross profit in the first quarter increased by 27% year-on-year to $2.91 billion. Cash App's gross profit grew by 38% to $1.91 billion, but the Bitcoin business declined by 31% year-on-year. Square's Bitcoin business remained largely unchanged, with related revenue of approximately $28 million, offset by roughly equivalent costs, making its impact on gross profit negligible.Adjusted operating profit increased by 56% to $728 million, and adjusted earnings per share grew by 52% to $0.85. Block raised its full-year performance expectations, forecasting a 19% year-on-year increase in gross profit for the full year of 2026 and a 62% increase in adjusted diluted earnings per share.

According to CCTV News, the Office of the Foreign Investment Security Review Mechanism has legally made a decision to prohibit the foreign acquisition of the Manus project, requiring the parties involved to withdraw the acquisition transaction. Manus was initially developed by the Chinese company Butterfly Effect and became an overnight sensation after its release in March 2025. In June of the same year, it moved its headquarters to Singapore and ceased domestic operations, and in December 2025, it was announced by the American company Meta that it would acquire it for approximately $2 billion.Zhou Mi, a researcher at the Ministry of Commerce's Academy, stated that Manus moved the project to Singapore through funding and corporate transfer before selling it to an American company, which raises suspicions of intentionally evading regulation. If such practices are not controlled, more companies will follow suit, harming national development interests and security.Zhou Mi emphasized that China has consistently maintained an open attitude towards foreign investment but takes a cautious stance on sensitive investments involving key technologies and data security, stating that "evading regulation in a malicious manner will ultimately not achieve the intended purpose."

BNB Treasury Company BNB Plus disclosed that it has received a notice from Nasdaq, stating that it no longer meets the continued listing standards due to its stock price being below the minimum requirement of $1, and because it implemented a reverse stock split in the past year, it is not eligible for the regular compliance period. The company stated that it has requested a hearing, and its stock will continue to trade on Nasdaq until the outcome is determined.In addition, BNB Plus announced that the board of directors has approved the initiation of a strategic alternatives assessment to maximize shareholder value, with potential options including mergers, reverse mergers, asset sales, joint ventures, financing, and other transactions. As of now, the value of its crypto treasury assets is approximately $12.2 million.

According to CoinDesk, Liz Truss, the former Prime Minister of the UK with the shortest term, stated in an interview that the UK economy is on a "very negative trajectory," with high taxes, excessive regulation, and energy costs making it so that the risks for entrepreneurs "often do not justify the returns." She attributed inflation and wealth inequality to "currency devaluation" and pointed out that discussions about monetary policy within the government have become "taboo," a phenomenon that is "quite disturbing."Truss expressed that she is "very interested" in Bitcoin, believing it to be an important tool against currency devaluation and to resist centralized financial control, and revealed that she had come into contact with Bitcoin as early as during her time as Chief Secretary to the Treasury.She is currently actively preparing for CPAC UK, planning to hold a three-day conference to unite entrepreneurs and activists to promote the "sovereignty and freedom" movement, stating bluntly: "There are only two choices, either sink or change completely."

According to market news, Xiaomi miclaw has officially passed the evaluation by the China Academy of Information and Communications Technology's mobile intelligent assistant (Claw), becoming the first mobile intelligent agent in the country to pass this review.This evaluation was conducted based on the "General Framework for Intelligent Assistant Benchmark Testing," strictly assessing three major dimensions: basic capabilities, edge-side applications, and comprehensive capabilities. It is reported that Xiaomi miclaw relies on Xiaomi MiMo's self-developed large model, possessing four major capabilities: full ecological underlying support, deep memory, cross-domain interconnection, and continuous self-evolution, enabling it to connect mobile phones, PCs, cockpits, and AIoT devices to autonomously execute complex commands.

As AI transitions from "the capabilities of a few" to "a widely used basic tool," the old models that rely on information asymmetry and poor execution are being dismantled. Projects with data barriers and closed-loop scenarios are beginning to emerge. On April 7th at 8 PM, a Space live discussion on "the new stage of the AI industry" will take place, focusing on the core changes in the industry after the popularization of AI tools, which tracks are being disproven, which can transcend cycles, and where future value ultimately lies—whether in tools, models, or scenario integration.

The AI model evaluation platform Yupp.ai's CEO Pankaj Gupta posted on the X platform stating that the platform will soon cease operations, and access will be maintained for the next 15 days, during which users can download their data. Existing users will not be able to create new conversations starting today, and new users will also be unable to register.Yupp.ai launched in June 2025 and raised $33 million in seed funding last June, led by a16z. The platform allows users to compare various AI models for free; users can input prompts and view responses generated by multiple AIs in parallel. After selecting the best result, a "preference data package" is formed, which is used for the post-training and evaluation of AI models. The platform combines blockchain technology to achieve transparency in the evaluation process, allowing users to provide feedback in exchange for corresponding rewards, while AI developers obtain verifiable training data.

Ethereum co-founder Vitalik Buterin recently posted on social media, introducing the concept of "sanctuary technologies" and urging the Ethereum community to rethink its mission. He stated that in the face of global issues such as government and corporate surveillance, war, and technological abuse, Ethereum's role in improving people's lives is limited.Vitalik believes that Ethereum should become part of an open-source technology ecosystem, creating a "leaderless shared digital space" to help people live, work, and collaborate safely under external pressures. He emphasized that the goal is not to reshape the world, but to prevent the excessive concentration of power, create digital stable islands, and called for collaboration with allies outside the crypto space to advance this vision.

According to Jinshi reports, due to market concerns about U.S. President Trump’s intention to seize Greenland from Denmark, relations between the U.S. and Europe are tense, and the dollar is weakening.Trump stated that starting from February 1, he will impose a 10% tariff on several European countries, and the European Union is considering retaliatory tariff measures. Analysts at Barclays Bank pointed out that the tension may prompt foreign investors to increase hedging against the risk of dollar depreciation, and the dollar may continue to be under pressure in the short term.

The asset management company Grayscale has updated a list of assets under consideration for future investment products, as well as a list of existing assets. The "Assets Under Consideration" section lists digital assets that are not currently included in Grayscale's investment products, but which their team has identified as potential candidates for inclusion in future products.The list adds 36 new altcoins, with candidate companies covering five major areas: smart contracts, finance, consumer and culture, artificial intelligence, and utilities and services. Among these, the number of assets in the smart contract platform and finance sectors is the largest.However, inclusion in this list does not guarantee that the assets will be included in the investment scope; it merely indicates that Grayscale is actively evaluating these assets.

Galaxy research director Alex Thorn stated on the X platform that for Bitcoin to achieve positive returns in 2025, its price must close above $93,389 on the last day of the year. However, the sentiment among Bitcoin investors is undoubtedly quite low at the moment, though some portfolio managers may reconsider Bitcoin in January 2026. This year, Bitcoin has received many positive news, and this "good news" seems to have become the norm. Despite a lackluster performance at the end of the year, the performance of U.S. Bitcoin ETPs has been much more stable, with cumulative inflows only down 9% since reaching a historical high of $62 billion in October, further highlighting the increasing maturity of this asset class.Galaxy believes that it may only be a matter of time before Bitcoin follows gold as a hedge against currency devaluation, potentially igniting interest from several large asset allocators and central banks.