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CoinEx founder Yang Haipo: Once considered selling, ultimately decided to shut down

Yang Haipo, the founder of CoinEx, stated that CoinEx officially launched on December 22, 2017, and will officially close on December 22, 2026, nine years later. He mentioned that nine years is a long time in the cryptocurrency industry, and CoinEx has gone through multiple bull and bear cycles with its users, witnessing the rise and fall of numerous projects, as well as seeing many peers leave the market in different ways.Yang Haipo expressed that after reflection, he accepted the fact that CoinEx has not become a leading exchange in the industry, and the security and compliance risks of operating a cryptocurrency exchange have become increasingly difficult to control; revenue may decline, but responsibility does not lessen, and bearing unlimited risks with limited revenue is no longer a rational choice. He stated that CoinEx has survived for nine years in a highly volatile and harsh industry, and after experiencing various storms, it can still leave completely and with dignity.Regarding CET, CoinEx will repurchase it at its initial listing price of 0.005 USDT per coin, with no quantity limit set. Yang Haipo mentioned that he seriously considered selling CoinEx but ultimately decided against it because users entrusted their assets to CoinEx based on their trust in the platform and him personally. He believes that handing over the platform and this trust to a new owner is not the right way to end this journey, stating, "A clean end is the right end." CoinEx will ensure that users can fully withdraw their assets, provide employees with a dignified farewell, and offer a clear and responsible handling plan for CET holders.

first_img Mechaman CEO Shao Tianlan: As embodied intelligence becomes more popular, we must be wary of short-sightedness

The industrial robot and embodied intelligence company Mechaman landed on the Hong Kong Stock Exchange on September 1, 2026, known as the "first stock of embodied intelligent eyes, brains, and hands." Founder and CEO Shao Tianlan stated that going public is just a move; what truly matters is that the company becomes a public entity. He still considers himself an engineer, spending about half of his time on core technology, application scenarios, and product iterations.Shao Tianlan pointed out that some embodied intelligence companies rely on data collection centers and industrial projects to generate revenue, with insufficient commercialization validation. He described companies that enter the public market prematurely, with high risks and unverified business models, as "secondary market primary." He believes this is a short-sighted approach that could cause significant harm to tech startups, China's innovation ecosystem, and the health of the capital market.Shao Tianlan positions Mechaman as a new technology-driven enterprise, with the expected management principles of being pragmatic, not exaggerating, and not being deceptive. He hopes to become a key general intelligent component similar to Microsoft and Siemens in the era of embodied intelligence. This IPO attracted participation from several long-term funds and industrial capital, including Baillie Gifford.

first_img OKX launched perpetual contracts for OpenAI and Anthropic's Pre-IPO in Europe

Cryptocurrency exchange OKX announced the launch of Pre-IPO perpetual contracts related to OpenAI and Anthropic in Europe. Eligible traders can go long or short on the valuations of the two AI companies with up to 10 times leverage, but will not receive actual shares of the two companies. This product bets on the valuation changes of the two companies before their IPOs, providing a new speculative avenue for retail investors who find it difficult to directly buy shares of private companies.OKX is not the first platform to launch such products. Hyperliquid has offered markets related to OpenAI and Anthropic through HIP-3, and Binance also provides Pre-IPO perpetual contracts for the two companies. OKX stated that such products are not substitutes for the shares themselves but can meet the ongoing market demand for exposure to large tech companies that have not been publicly listed for a long time.Meanwhile, OKX has also launched 100 tokenized stocks and ETFs, including Nvidia, Alphabet, Palantir, as well as SPY and QQQ, allowing European traders to trade traditional markets around the clock. These tokens track the prices of the underlying securities but do not grant holders actual shares or voting rights, and some tokens can be withdrawn to self-custody wallets. OKX Europe CEO Erald Ghoos stated that the demand for its derivatives business continues to grow, with trading volume for X-Perps in the European market quadrupling since the transition period of MiCA ended in July.
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