Odaily reported that according to IFR, a Reuters subsidiary, artificial intelligence startup Moonshot AI plans to submit a listing application to the Hong Kong Stock Exchange as early as this month, potentially raising up to $3 billion (approximately HK$23.4 billion).
Odaily Planet Daily News According to an official announcement from Bithumb, the Korean cryptocurrency exchange has formally unveiled its IPO plans, disclosing a three-phase timeline: completing internal control optimization and K-IFRS (Korean International Financial Reporting Standards) conversion preparations in 2026; submitting a preliminary listing review application in 2027; and completing the official listing in 2028.
To advance the IPO, Bithumb has initiated multiple reform measures, including introducing an institutional-grade risk management system, proceeding with the spin-off of its subsidiary Bithumb Asset to optimize governance structure, partnering with major domestic and international securities firms and law firms, and expanding investor relations (IR) communication channels.
Bithumb stated that the IPO aims to enhance corporate transparency and investor protection through institutionalized financial standards, thereby boosting overall credibility of Korea's crypto asset industry.
Odaily星球日报讯 南方东英基金发布公告,旗下挂钩韩股市场的 SK 海力士、三星电子以及美股市场的特斯拉、英伟达、Coinbase 等个股标的共 12 只个股杠杆及反向产品今日起将采用灵活杠杆结构,每只杠杆产品或每只反向产品的杠杆倍数将视市场情况而调整,杠杆倍数上限不得超过两倍(2x)(适用于杠杆产品)或两倍反向(-2x)(适用于反向产品),每个交易日的杠杆倍数都会在开市前通过官网或者港交所网站公告,在极端情况下,杠杆产品的目标杠杆倍数最低可降至 1.1 倍,反向产品的杠杆倍数可能调至-1.1 倍。
南方东英基金公告表示,作为被动式投资产品,相关杠杆及反向产品调整杠杆倍数,主要考量容量限制或成本因素。灵活杠杆结构旨在应对极端行情:比如相关杠杆、反向产品规模大幅攀升后,出现容量受限、运营成本大幅上涨,无法继续维持原有目标杠杆的情形。
According to GMGN market data, Odaily reported that possibly influenced by CZ's tweet "Why go far and wide when Binance has it all," the BSC chain Meme coin "Bi You" briefly exceeded a market cap of $10 million, currently reported at $9.5 million, with an intraday gain of over 240%.
Odaily reminds investors that Meme coin prices are highly volatile, largely driven by market sentiment and hot events, lacking substantial value support, and investors should be aware of the risks.
Odaily News: According to official sources, MGBX will launch spot trading for AAOI (Applied Optoelectronics), ARM (ARM), AVGO (Broadcom), and BABA (Alibaba) at 18:00 (SGT) on August 3, 2026.
Trading opening time: 18:00 (SGT) on August 3, 2026.
Odaily News, Gate's latest data shows that the gStocks sector is performing strongly: MiniMax (MINIMAXG/USDT) has risen 10.56% in the past 24 hours, currently trading at $31.91, leading the spot gStocks sector. Meanwhile, Cerebras (CBRSG/USDT) delivered a solid performance, gaining 2.88% over the past 24 hours to reach $201.39; Arm Holdings (ARMG/USDT) rose 2.33% in the past 24 hours to $244.12. As market attention continues to heat up, Gate gStocks is steadily expanding its global tokenized stock asset ecosystem, offering users more diversified market participation opportunities.
Gate gStocks employs a 1:1 fully-backed native stock reserve mechanism, where each tokenized security corresponds to an equal quantity of underlying native stocks as asset backing. It also supports 7×24-hour trading, unified account management, and trading with a minimum investment of 1 USDT, as well as fractional share trading. Users can participate in global popular stock investments with greater flexibility, achieving one-stop allocation across digital assets and traditional securities. As the tokenized securities ecosystem continues to enrich, Gate gStocks will keep expanding its offerings with more premium stocks and ETF products, providing users with even more diverse global asset allocation options.
Odaily Planet Daily News Standard Chartered Hong Kong and its Chief Executive for Greater China and North Asia, Mary Huen, has previewed that an official announcement regarding the issuance of the HKD stablecoin HKDAP will be made within August, along with the signing of distributors. Its subsidiary, Zodia Markets, as the stablecoin issuer, will adopt a business-to-business-to-consumer (B2B2C) model, and will not directly interface with end users. Instead, it will distribute through designated approved distributors to their related corporate and institutional client bases, including SMEs, traders, service providers, fund companies, and even individual users, for cross-border settlements. Other application scenarios also include tokenized assets. (HK01)
Odaily reported that Citrini analyst jukan said on the X platform that Samsung Electronics' foundry division is expected to reach 100% capacity utilization in the second half of this year. Current capacity utilization is estimated at 70% to 80%. With order backlogs and progress in contract negotiations, both internal and external parties at Samsung believe the target is essentially assured. The division has been in a depressed state with capacity utilization below 50% since 2024, and after about a year, it is approaching full operation, with signs of a turning point in its long-term loss-making structure.
Industry sources say that the rise in capacity utilization is driven by high-bandwidth memory (HBM) base chips and growing demand for advanced products centered on major US Big Tech clients. With 4nm applied to the sixth-generation HBM, namely HBM4, memory market momentum is directly boosting foundry capacity utilization. Meanwhile, 2nm orders from major cloud service providers and AI and high-performance computing clients are expanding, and project discussions with major customers such as Broadcom are ongoing.
Customer diversification is also progressing. Samsung's foundry business has long been criticized for relying on specific customers, but recently, Big Tech companies such as Qualcomm, AMD, and Google have begun participating in negotiations. Tesla is also reportedly placing its next-generation chip orders with the 2nm process, driving the expansion of the mid-to-long-term order pipeline. However, the market generally believes that converting these orders into actual mass production contracts requires 2nm yield to stabilize in the 70% range; the current yield is estimated to be in the 60% range, and the pace of subsequent improvement is a key focus. The business structure is also being adjusted. Revenue from advanced processes is expected to exceed 50% this year, and the share of AI and high-performance computing revenue is expected to expand from nearly 20% last year to over 30% this year. In the second half of the year, mass production of second-generation 2nm process SF2P mobile products will begin. Texas Taylor Fab 1 is preparing to start operations this year as planned, and Taylor Fab 2 will break ground within the year, targeting mass production by 2030. As customer inquiries for the 1.4nm process increase, Samsung is also evaluating additional wafer fab plans.
At its second-quarter earnings call on July 30, Samsung said capacity utilization across all nodes improved year-over-year, and advanced nodes at 8nm and below have achieved the highest levels by focusing on high-growth demand products. Samsung expects the number of 2nm project wins this year to more than double from last year. Regarding the timing of returning to profitability, Samsung said it is difficult to specify an exact timeframe but indicated it should be achievable in the near term. Analysts expect non-memory businesses, including foundry and System LSI, to turn profitable as early as the third quarter and no later than the fourth quarter. Some analysts believe that if wafer price increases are combined with the normalization of capacity utilization, the pace of profitability improvement could be faster than market expectations. There is also industry opinion that, compared with reaching 100% capacity utilization, whether 2nm yield can exceed 70% is the true threshold for major customers such as Qualcomm and AMD to place comprehensive orders.
Odaily News: Iran stated that no talks have been held with the U.S., and both WTI and Brent crude prices edged higher in the short term.
Odaily News: Iranian Foreign Ministry spokesperson Baqaei stated that Iran is currently not in dialogue with the United States, and is in talks with Oman regarding the Strait of Hormuz issue. (Jin Shi)


