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GigaDevice announced that shareholder Zhu Yiming reduced his holdings by approximately 11.11 million shares between May 6 and June 12, realizing about 4.4 billion RMB. Post-sale, his combined stake with concerted parties fell to 6.80%. Zhu has pledged not to sell any further shares for the next 12 months starting July 29.
Read MoreSouth Korea has launched a public-private AI Data Center Alliance to strategically develop AI data centers as a key next-generation export industry, signaling a major push to secure a leading position in global AI infrastructure.
Read MoreMontage Technology has initiated its share repurchase program. On July 29, the company repurchased 500,000 A-shares via centralized bidding, representing 0.04% of total shares, with a total payment of approximately 103 million yuan. This move aims to enhance company value and shareholder interests.
Read MoreHungary's parliament has abolished mandatory verification for cryptocurrency transactions, including wallet ownership, asset origin, and customer data checks. The move, part of a broader tax package, signals a significant regulatory easing aimed at simplifying compliance and fostering the domestic crypto ecosystem.
Read MoreIranian state TV reported on July 29 that US forces conducted an airstrike targeting border areas near Piran-shahr in West Azerbaijan province. The incident occurred in a sensitive region, raising concerns about escalating tensions in the Middle East.
Read MoreCabri Loan partners with OpenAI to integrate enterprise AI into its lending operations. This collaboration focuses on enhancing credit assessment, automating processes, and strengthening risk management, signaling a major shift towards intelligent financial services.
Read MoreSecondFi's latest security update reveals a white hat team has transferred some recovered assets to an EMURGO-managed fund for transparent tracking. The official warning highlights rampant fake browser extensions and phishing attempts, stressing they will never ask for private keys or contact users directly.
Read MoreJPMorgan reports that South Korea's leveraged ETF liquidation wave is largely over after mid-June market deleveraging. Positioning and valuations are now attractive, though investors remain cautious ahead of the Fed and tech earnings.
Read MoreA military source, cited by Iran's Fars News Agency, confirms the Strait of Hormuz remains completely closed to all vessels. Any ship attempting passage, especially those ignoring warnings, will face a decisive and rapid response, escalating tensions in the vital global waterway.
Read MoreGrayscale Research applies a cash flow valuation model to Hyperliquid's HYPE token. The report suggests HYPE is undervalued compared to FinTech stocks based on projected 2027 earnings, but cautions about risks from slower revenue growth or faster token supply increases.
Read MoreOn July 29th, the global oil market witnessed a sharp rebound. WTI crude futures surged 5% to settle at $83.219 per barrel, while Brent crude climbed 4.69% to $85.933. This rally highlights shifting market dynamics and supply-demand expectations.
Read MoreOn July 29th, a leading global semiconductor foundry saw its pre-market stock price surge over 16%. This sharp rise followed the U.S. government's announcement of up to $300 million in direct funding, a move interpreted as strengthening domestic chip supply chains and boosting market sentiment for the sector.
Read MoreSpaceX has proposed deploying up to 1 million satellites in low Earth orbit to create a solar-powered network of artificial intelligence data centers in space, potentially revolutionizing global data infrastructure.
Read MoreMoonshot AI's valuation skyrocketed from $4.3B to $35B in just over half a year, a more than 10x increase. Its funding rounds are tightly synchronized with major model releases (K2.5 to K3), with each upgrade triggering new capital. Model capability has become the core driver for its market valuation, with a Pre-IPO round targeting a $50B pre-money valuation now underway.
Read MoreThe US has unveiled an $874 million investment plan to boost domestic semiconductor R&D. GlobalFoundries is set to receive up to $300 million in government funding to advance its chip manufacturing capabilities, marking a strategic move to strengthen the US semiconductor supply chain.
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