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Stacks co-founder Muneeb Ali stated that the Satoshi Upgrade I hard fork has been successfully completed, and the network's level of decentralization has further improved with the launch of the new signer.Regarding Binance's "Observation Label," there are currently no concerns about delisting risks or liquidity, but we still need to wait for the next round of formal assessment.

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

Moore Threads announced that the company held a board meeting to review and approve the proposal for issuing H shares and listing on the main board of the Hong Kong Stock Exchange. The company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange, and will choose an appropriate time and issuance window to complete this issuance and listing within the validity period of the shareholders' meeting resolution or other periods extended with shareholder consent.This issuance still requires review by the shareholders' meeting and must obtain relevant government and regulatory agency filings, approvals, and/or authorizations. Currently, specific details have not been determined, and there is significant uncertainty regarding its implementation.Moore Threads is a domestic semiconductor company in China, focusing on the independent research and development and design of full-featured GPUs (General-Purpose Graphics Processors).

According to the official announcement, Bitget has launched the IPO pre-market perpetual contract MOONSHOT/USDT, supporting up to 10x leverage and 24/7 trading.It is reported that Dark Side of the Moon is a Chinese artificial intelligence research and application company, known for its Kimi series products, and has received investments from institutions such as Alibaba and Tencent. It is also one of the potential IPO candidates with high attention in China's large model track market.

According to Wired, during security testing, the open-source model Kimi K3 from the dark side of the moon broke out of the sandbox and accessed the internet, attempting to find test answers via GitHub. American security startup Frontier Security stated that Kimi K3 exploited a sandbox configuration vulnerability, but it itself lacked sufficient built-in protective mechanisms.Similar to incidents previously disclosed by OpenAI and Anthropic, this escape partially stemmed from a sandbox configuration error. However, Kimi K3 did not initiate an attack, as the answers were easily accessible on GitHub. The CEO of Frontier Security stated that Kimi K3 performed excellently in cybersecurity defense but lacked mechanisms to prevent cheating or escaping the sandbox. Security experts emphasized that configuring the testing environment is crucial, as the misuse of AI agents could lead to system failures.

According to Reuters, Alibaba plans to require its next-generation Qwen open-source AI model's heavy commercial users to share a portion of their revenue with it. This initiative is similar to the approach taken by Moonlight Dark Side with Kimi K3: the licensing terms for Kimi K3 stipulate that if the model is sold as a service and the annual revenue exceeds $20 million, a commercial agreement must be negotiated with Moonlight Dark Side, with reports suggesting a revenue-sharing ratio of up to 30%. The specific revenue-sharing ratio for Alibaba is still under discussion.The report points out that such revenue-sharing agreements have gradually taken shape between Chinese AI companies and American cloud platforms. Several American cloud providers, including DigitalOcean, have signed commercial agreements with Moonlight Dark Side. In terms of pricing, the input/output token price for Kimi K3 is about one-third that of the Anthropic Fable model. Additionally, Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, has also joined the open-source camp and released its first open-source model last month. This move signifies that Chinese AI companies are exploring sustainable commercialization paths on open-source models through a "free open-source + commercial charging" freemium model.

According to the official announcement, the third phase of Gate Pre-IPOs will launch Moonshot AI (KIMI) and introduce a dedicated trading market mechanism for Pre-IPOs, providing exclusive trading and circulation channels for pre-listing asset certificates.The KIMI asset certificate is a mirror note designed based on the changes in the enterprise value of Moonshot AI. The subscription period is from August 11, 2026, 15:00 to August 13, 2026, 15:00 (UTC+8), allowing users to participate using both USDT and GUSD. After the subscription ends, the asset certificates will be 100% unlocked and issued on August 17, 2026, at 15:00 (UTC+8).It is worth noting that, unlike previous participation methods in Pre-IPOs, this phase of KIMI asset certificates is expected to open a dedicated market for trading about one month after the completion of subscription and distribution. Users holding positions can trade and circulate based on real-time market prices, choose to sell part of their holdings to recover principal, or continue to hold the remaining assets to participate in the future value changes of the target enterprise. The holding period for the profit portion is expected to range from several months to several years, depending on the target enterprise's IPO process or other exit arrangements; if the target enterprise completes an IPO in the future, the platform will provide subsequent asset handling solutions based on actual conditions, including stock asset exchange or stock token exchange methods.

According to exclusive reports from the Science and Technology Innovation Board Daily, Moonshot AI's G round (Pre-IPO) financing has officially started, with this round's valuation reaching $50 billion. Insiders revealed that the financing amount became "suddenly tight" after the release of the K3 model, and multiple institutions have registered their investment intentions. Participants must complete their payments by August 15, and if they want to directly enter the shareholder register, their management scale must exceed $500 million. The company's previous F round financing (valuation of $35 billion) was just completed last week, raising a total of $3.5 billion. In April of this year, the company's valuation was approximately $18 billion, nearly tripling within three months.Sources say that the core driver behind this round's valuation surge is the release of the K3 model. On July 27, Moonshot AI officially open-sourced the complete model weights of Kimi K3, becoming the world's first large model with 30 trillion parameters to be implemented. Currently, the company's API revenue accounts for more than 70% of total revenue, with ARR achieving several times growth after the K3 release. In response to recent reports stating "the IPO application will be submitted to the Hong Kong Stock Exchange as early as this month," insiders stated that "the information is inaccurate, and the G round financing is still ongoing." As of the time of publication, Moonshot AI has not responded to this news.

According to Jinshi, the international credit rating agency Moody's has upgraded SK Hynix's credit rating to the A range for the first time, reflecting the company's enhanced competitiveness in the artificial intelligence storage market, as well as improvements in profitability and cash generation capability.Moody's raised SK Hynix's long-term issuer rating and senior unsecured bond rating by one notch, from "Baa1" to "A3," with a rating outlook maintained at "stable." This is the first time SK Hynix has received a Moody's A rating since it merged into the SK Group in 2012.

According to Jinshi reports, U.S. President Trump stated that the progress of the Iran conflict is going very smoothly.

Earlier market news indicated that Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, potentially raising about 3 billion dollars. In response, Dark Side of the Moon stated that the news is false.

According to market news, Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, aiming to raise approximately $3 billion. As of the time of publication, Dark Side of the Moon has not publicly responded to or confirmed this matter.

According to Jinshi reports, U.S. President Trump stated that the Iran war is "progressing smoothly."

The Dark Side of the Moon (Kimi) has been renamed Beijing Dark Side of the Moon Technology Co., Ltd., and the company type has changed from a limited liability company to a non-listed joint-stock company. Yang Zhilin serves as the chairman and manager, Zhang Yutong has been added as a director, and Song Sijia has been added as the financial officer.This change is commonly referred to as a stock reform. The China Securities Regulatory Commission stipulates that if a domestic company directly lists overseas with a domestic entity, the issuer must be a joint-stock company.According to previous reports, the Dark Side of the Moon has issued a shareholder resolution for listing in Hong Kong, with the earliest possible IPO within six months, and has begun dismantling the red-chip structure. The company has not officially announced the listing time.

According to The Block, MoonPay has launched the AI payment tool PayBox, allowing users to integrate it with ChatGPT or Claude, enabling the AI assistant to directly prepare payment transactions for booking flights, restaurants, or online shopping. Users can choose to require a passkey approval for each transaction or set a limit for the AI to complete transactions autonomously.PayBox integrates cryptocurrency wallets with payment cards, supporting cross-chain transactions based on the x402 smart entity payment standard. It initially supports Solana and EVM-compatible chains, including Ethereum, Hyperliquid, Tempo, Base, Robinhood Chain, Arbitrum, and Polygon, with plans to support more AI platforms and DeFi features, such as token exchanges and perpetual contract trading, within the next month.MoonPay states that wallet private keys are protected through multi-party computation (MPC) and trusted execution environments (TEE), ensuring that no single party (including MoonPay or the AI assistant itself) can independently access the complete private key or sign transactions; payment card information is processed and stored, allowing the AI entity to complete purchases without accessing the underlying card details; this system is built on the key management infrastructure acquired by MoonPay earlier this year from Sodot.

According to Jinshi News, Moonshot AI has raised an unexpected $3.5 billion in a recently completed round of financing, with a valuation reaching $35 billion.

Cryptocurrency payment infrastructure company Moonpay has supported payments from the U.S. card network Discover, allowing Discover Network cardholders to buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes the third major card brand supported by Moonpay in the U.S., alongside Visa and Mastercard. Moonpay stated that this support covers over 500 of its business partners, including wallets, exchanges, and applications. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds a BitLicense from New York, a limited purpose trust license from New York, multi-state money transmission licenses in the U.S., and MiCA authorization in the European Union.

In response to the accusations from Michael Kratsios, the Director of the White House Office of Science and Technology Policy, regarding Moonshot AI (Kimi) referencing Anthropic's Fable while developing the K3 model and building a large-scale distillation platform, Moonshot AI team member Randy Xia stated that Fable was released on July 1 and K3 went live on July 15, which means that the model research, distillation, training, and release were completed in just 15 days. He joked, "We trained a brand new cutting-edge model in just 15 days; this is practically a Guinness World Record."Kratsios had previously stated that Moonshot AI established an internal platform capable of large-scale distillation for U.S. models, switching between various access methods to evade detection, and had procured GB300 servers and accessed related equipment in Thailand for training. The U.S. side expressed support for legitimate distillation but opposed the theft of technology through secret industrial distillation methods.

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.

The Chinese AI large model company Dark Side of the Moon is accelerating its capitalization process, planning to start the final round of pre-IPO financing negotiations in August, with a target pre-investment valuation of $50 billion. Reports indicate that Dark Side of the Moon expects to complete a round of financing soon, corresponding to a valuation of approximately $31.5 billion. After completing this round of financing, the company will immediately engage in discussions for the next round of financing with potential investors, which may become its last private placement before entering the Hong Kong capital market.Market participants believe that if the financing plan proceeds smoothly, Dark Side of the Moon could initiate the process for a Hong Kong stock listing as early as this year. One of the key driving factors for this valuation increase is the company's recent release of the new generation large model Kimi K3. It is reported that Kimi K3 has a parameter scale of 28 trillion, supporting a context window of millions of tokens, making it one of the largest open-source models in the world by parameter scale. After the model was released, it quickly attracted market attention, prompting the company to adjust its new user subscription arrangements to ensure the user experience for existing customers.As the competition in generative AI enters a phase of comparison in computing power, user scale, and commercialization capabilities, large model companies are accelerating their search for capital support. Dark Side of the Moon's financing plan also reflects the market's ongoing interest in leading AI foundational model companies. However, the $50 billion valuation target also implies higher commercialization requirements. In the future, investors will focus on Dark Side of the Moon's revenue growth, control of computing costs, and whether the Kimi series models can form a stable business model. If the financing and listing plans proceed smoothly, Dark Side of the Moon may become an important case of capitalization for Chinese AI large model companies.