[Comparative Daily News Picks] Bloomberg: SK Hynix's US IPO was oversubscribed by more than seven times; storage giant Changxin Technology began an IPO on July 16; crypto venture capital firm Paradigm raised 1.2 billion US dollars to bet on AI and crypto integration; Federal Reserve minutes: Most officials believe shortening the statement has its advantages and supports the removal of “easing tendencies”

dailyAI · Cryptography · Macro · MarketplaceKey news, Bitpush helps you draw the key points ↓

AI · Dynamic

[Bloomberg: SK Hynix's US IPO was oversubscribed by more than seven times]

Comparative news, according to a Bloomberg report, SK Hynix's US IPO was oversubscribed by more than seven times.

[Storage giant Changxin Technology opens IPO on July 16]

Comparative news, according to the official website of the Shanghai Stock Exchange, storage giant Changxin Technology disclosed the Science and Technology Innovation Board listing prospectus and “Issuance Arrangements and Preliminary Enquiry Notice” on July 9, revealing that the company's IPO offline subscription date and online subscription date were both July 16, 2026. The announcement also showed that Changxin Technology's securities code/offline subscription code is “688825,” and the online subscription code is “787825.” According to the announcement, it is proposed to publicly issue 668,80886.08 million shares (before the over-allotment option is exercised). At the same time, the issuer grants CICC an over-allotment option of no more than 15.00% of the number of shares initially issued. If the over-allotment option is fully exercised, the total number of shares issued will expand to 769,1316.08 million shares.

[Musk: Grok's 2 trillion parameter model is expected to be offered to customers next month]

Comparing news, Musk posted an article on the X platform saying that according to user needs, the Grok Build tool chain and the 1.5 trillion parameter base model are continuously improved almost every day, and Grok's 2 trillion parameter model is expected to be provided to customers next month.

[BlackRock Global Fixed Income Chief Investment Officer: Investment exposure to companies directly related to artificial intelligence has been reduced and readjusted]

Comparative news, according to CNBC, BlackRock's Global Fixed Income Chief Investment Officer Reed said in an interview that investment exposure to companies directly related to artificial intelligence has been reduced and readjusted.

Crypto · Marketplace

[DeFi dashboard Zapper announced it will shut down on August 3]

Comparatively, Seb Audet, CEO of DeFi portfolio tracker Zapper, announced on social platforms on Wednesday that after nearly 7 years of operation, the company decided to completely shut down. All features, including the official website, mobile apps, and API services, will be officially launched on August 3.

Established in 2019, Zapper was a mainstream portfolio tracking tool in the DeFi sector. Features include liquidity pool monitoring, yield farm tracking, DEX aggregation, and NFT support. At its peak, the project had 2 million monthly active users and processed over $13 billion in transactions. Zapper previously received $15 million in Series A funding led by Framework Ventures, with investors including Mark Cuban and other well-known investors. Audet said that after evaluating various options, the company believes an orderly shutdown is currently the best option.

【Trump Family-Backed Crypto Company AI Financial Seeks to Sell Core Business for Up to $15 Million]

Comparatively, AI Financial (formerly Alt5 Sigma, stock code: AIFC), a cryptocurrency company supported by the Trump family, is in talks with blockchain technology company Perpetuals.com to sell its core business at a price of up to $15 million.

The news marks a major reversal in the company's strategy—just one year ago, AI Financial bought a small payments company for $750 million, but since then the deal has cost almost everyone except the Trump family. Currently, the terms of the deal have not been finalized, negotiations are still ongoing, and there is a possibility of variables or breakdown.

[Crypto venture capital firm Paradigm raises $1.2 billion to bet on the field of AI and crypto fusion]

Comparing news, Paradigm, a venture capital agency focused on the crypto sector, has raised about $1.2 billion and plans to increase its investment layout in artificial intelligence (AI) related projects.

According to people familiar with the matter, this fundraising will focus on AI infrastructure, intelligent agents (AI Agents), and the direction of AI and blockchain technology integration. With the new fund, Paradigm hopes to capture the next wave of technological innovation and expand its investment footprint in emerging technology sectors.

Founded in 2018 by Matt Huang and Fred Ehrsam, Paradigm is one of the leading crypto venture capital firms in the industry and has invested in multiple blockchain projects including Coinbase and Uniswap.

[ZachXBT: AscendEX has almost no liquid assets available to pay user withdrawals]

Comparing news, on-chain detective ZachXBT released verification information. The crypto exchange AscendEX has officially announced that it will stop operating, and the platform's existing liquid assets can hardly cover users' withdrawal needs. The platform announced that the shutdown was mainly affected by the market environment and EU MiCA regulatory policies. From July 1, all operations such as account opening, trading, and deposit were completely closed, and only basic functions such as account inquiries and withdrawals were opened; after July 6, all withdrawal channels were automatically processed, and all were subject to manual review. The official admits that withdrawals may be drastically delayed or even impossible to process.

ZachXBT's inspection revealed that the amount of claims awaiting payment by users reached millions of dollars, but there was a serious shortage of liquid assets available in the platform's hot wallet. Currently, AscendEX is evaluating its financial and user asset disposal plans, and subsequent disposal arrangements will be announced separately.

Macro · Organization

[Federal Reserve Meeting Minutes: Most Officials See Advantages in Shortening Statements and Support Removing “Easing Tendencies”]

Comparing news, the minutes of the Federal Reserve's June meeting show that policymakers also considered Federal Reserve Chairman Walsh's proposal to end “forward-looking guidance” and reduce comments on future interest rate decisions in a statement. “Most participants pointed out that they think there is an advantage in shortening the statement,” the minutes of the meeting said. At the same time, “most participants” supported the removal of language implying that the Fed's next policy move is likely to cut interest rates. The alternative plan approved by the Federal Reserve in June completely removed guidelines on interest rates, which is in line with Walsh's general intention to avoid making commitments on interest rate decisions. At the June meeting, the Federal Reserve kept the benchmark interest rate unchanged in the range of 3.50%-3.75%, but the latest forecast shows that the market generally believes that interest rates may be raised this year, and 9 out of 18 policymakers expect interest rates to rise slightly by the end of 2026.

【Bank of America reaffirms Micron's “buy” rating: semiconductor pullback is a healthy correction]

Comparing news, the latest semiconductor industry report released by Bank of America Securities indicates that the recent pullback in semiconductor stocks is a normal correction in the market, not a sign of weakening AI demand. Historical experience shows that semiconductor stocks are often sorted out in summer, and after the market completes profit settlement and valuation revisions, the fall often ushered in a new wave of rebound.

The report estimates that by 2027, global capital expenditure on cloud computing and AI infrastructure will approach $1.5 trillion, an increase of about 40% to 50% over current levels. In terms of memory chips, the bank believes that as demand for HBM, DDR5 and enterprise-grade storage continues to expand, and AI servers continue to drive demand for DRAM and NAND Flash, the memory industry will still be an important beneficiary of the AI investment wave, and the scope for valuation repair is still clear. The bank reaffirmed Micron's “buy” rating and maintained a target price of $1,550, believing that the company is still the most attractive investment target in the memory industry.

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