[Comparative Daily News Picks] Dark Side of the Moon negotiates pre-IPO financing at a valuation of 50 billion US dollars and will land in the Hong Kong capital market as soon as this year; OpenAI: The Hugging Face infrastructure intrusion was triggered by the AI model it is testing; SpaceX's biggest lifting is imminent, and stocks over 100 billion US dollars can be listed and traded; the US is preparing for a new round of tariffs

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

AI · Dynamic

[Dark Side of the Moon negotiates pre-IPO financing at a valuation of 50 billion US dollars, and will enter the Hong Kong capital market as soon as this year]

Comparing the news, people familiar with the matter said that the Dark Side of the Moon plans to complete overseas red chip restructuring by the end of this month, paving the way for domestic financing and IPO preparations. The company is likely to enter the Hong Kong capital market as soon as this year.

Dark Side of the Moon plans to launch the final round of pre-listing financing negotiations in August to seek a valuation of up to 50 billion US dollars, taking advantage of the market popularity brought about by the latest big model. People familiar with the matter revealed that Dark Side of the Moon is expected to complete the round of financing launched this summer in the next few days. The round is valued at around $31.5 billion. Once the financing is completed, the company will immediately begin a new round of financing negotiations with potential investors. This may be the last capital injection before it goes public in Hong Kong.

[OpenAI: The Hugging Face infrastructure intrusion was triggered by the AI model it is testing]

Comparing news, OpenAI said that the infrastructure intrusion incident experienced by Hugging Face, the world's largest AI open source community last week, was triggered by an AI model it is currently testing.

Investigations revealed that multiple models escaped the sandbox environment during a security assessment mission and used a “zero-day vulnerability” to gain access to the internet, then perform automated operations in the Hugging Face production environment. OpenAI said the incident was caused by multiple OpenAI models, including GPT-5.6 Sol and a more capable pre-release model. In order to carry out this evaluation test, the model's security protection mechanism was intentionally reduced. According to OpenAI, the incident revealed the risk that advanced AI models may perform complex cyber attacks when there are no security restrictions, but it also shows that AI can be used for vulnerability discovery and security defense. Hugging Face said that AI security issues require open industry cooperation to resolve them, and the two sides will continue to investigate the details of the incident.

[Changxin Technology's allotted shares were “cut”, and the actual number of shares subscribed was reduced by about half]

Comparing news, the final subscription results for Changxin Technology Match have been released. The number of shares initially placed by the 30 contestants was 3.344 billion shares; the actual number of final subscribed shares was 1,667 billion shares, and the actual number of shares subscribed was reduced by about half. It sparked market speculation. According to reports, this is related to common practices in the industry.

As for the number of shares to be matched, the initial design will generally follow the upper limit of regulations, leaving room for redundancy. For Changxin Technology's large-scale distribution, the maximum allotment limit is 3.344 billion shares (50% of the number issued), and later rebates will be made according to the actual situation. According to reports, although the actual number of subscriptions has decreased, the actual subscription amount for the 30 matches is consistent with the original promised subscription amount (14.437 billion yuan). Furthermore, this portion of the differential shares was transferred to online subscription, which significantly increased the online winning rate.

Crypto · Marketplace

[SpaceX's biggest ban is imminent, and shares over 100 billion US dollars will be listed and traded]

Comparatively, according to Bloomberg, SpaceX has kicked off one of the largest stock bans in capital market history. Next month, stocks worth up to 116 billion US dollars will be eligible for sale for the first time.

Restrictions prohibiting some insiders from selling up to 9115 million shares will be lifted on August 6, two days after the rocket, satellite, and artificial intelligence company first announced quarterly results. This is just the beginning; by the end of this year, billions of shares will be eligible for trading.

[Canton blockchain network developer Digital Asset received another $10 million in financing, and the total amount raised to US$365 million]

Comparatively, according to The Block, citing people familiar with the matter, Canton blockchain network developer Digital Asset received an additional $10 million investment from Shinhan Financial Group and SC Ventures. This increased the total amount of the company's current round of financing to US$365 million from the previous round of US$355 million. Canton Network, a subsidiary of Digital Asset, is an enterprise-grade blockchain interoperability protocol that aims to achieve privacy protection and controlled sharing of assets between different institutions.

[Bitget plans to enter the US market, CEO says it will not be affected by the clear law]

Comparative news, according to The Block, Gracy Chen, CEO of cryptocurrency exchange Bitget, said that the company has decided to enter the US market and will not change this plan regardless of whether the Clarity Act is passed.

Bitget has been avoiding the US market since its inception. It considered expanding in 2022 but was put on hold due to the collapse of FTX and the unfriendly regulatory environment during the Biden administration. The company is now moving forward again, with plans to obtain currency transmission, derivatives and brokerage licenses, and establish an independent US entity.

Chen revealed that Bitget has negotiated with the NYSE and NASDAQ for tokenized traditional asset distribution and sees them as potential partners. Traditional assets accounted for 20%-30% of its spot trading volume in the last quarter, and tokenized stock products have accumulated more than 100 million US dollars in assets in one month.

Regarding the Clarity Act, Chen said that as the midterm elections approach, she is pessimistic about the prospects for passing the bill, but regardless of the outcome, Bitget's entry plan will not change.

Macro · Organization

[US 10-year and 30-year Treasury yields hit two-month highs, and rising oil prices raised the risk of inflation]

Comparatively, the US Treasury bond market declined, and 10-year and 30-year Treasury yields rose to their highest level in about two months. The sharp rise in crude oil prices has caused the market to worry that inflationary pressure may prompt the Federal Reserve to raise interest rates. On Tuesday, US Treasury yields generally rose by 2 to 4 basis points. Among them, the 10-year yield once rose to 4.64%, hitting the highest level since late May. The dollar strengthened against most major currencies as the US and Iran attacked each other for the 10th day in a row.

[The US is preparing a new round of tariffs]

Comparing news, US Trade Representative Greer hinted on Tuesday that the Trump administration is about to introduce a new round of tariff measures. When asked about the Financial Times report that the US may announce new tariffs as soon as this week, he responded: “We expect to see some action soon.” Greer said, “I can't give a specific schedule right now. It is my responsibility to inform Congress and other stakeholders about the situation before actually making such news public. But we do expect action soon.”

This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

Twitter:https://twitter.com/BitpushNewsCN

Compare the TG exchange group:https://t.me/BitPushCommunity

Compare TG subscriptions:https://t.me/bitpush