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BNB $649.01 +1.60%
XRP $1.42 +2.18%
SOL $93.18 +5.37%
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DOGE $0.1091 +2.41%
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BCH $450.34 +0.11%
LINK $10.41 +5.02%
HYPE $43.70 +3.09%
AAVE $95.35 +3.36%
SUI $1.05 +7.73%
XLM $0.1631 +2.81%
ZEC $594.47 +3.75%

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Chinese companies like Moonshot AI are weighing company restructuring after the reversal of the Meta Manus deal

According to Benchmark Studio, after the China Securities Regulatory Commission issued inquiries to multiple companies regarding overseas shareholding structures, Chinese tech startups such as Moonshot AI and DeepRoute.ai are evaluating the feasibility of relocating their company registration from overseas back to China. They are currently discussing related plans with lawyers and have not yet made a final decision. Shanghai AI model developer StepFun has taken the lead in initiating the process of dismantling its overseas shareholding structure to expedite the regulatory approval process for its Hong Kong IPO.The direct trigger for this tightening of regulations was Meta's acquisition of the AI agency Manus, founded by Chinese individuals, for $2 billion—relevant authorities have ordered the cancellation of this acquisition, leading to a systematic review by regulators of the "domestic operation, overseas registration" company model.Dismantling the red-chip structure is complex, typically taking six months to a year, involving multiple steps such as repurchasing offshore equity, establishing joint ventures, and investors re-entering shares. Additionally, the lock-up period for joint ventures listed in Hong Kong lasts up to 12 months, which is twice as long as that for ordinary red-chip stocks. Analysts point out that if the red-chip structure faces comprehensive restrictions, it will significantly weaken the ability of Chinese startups to obtain dollar financing from overseas.

first_img Buffett on Wall Street's speculative frenzy: The current market is like a church with a casino attached, which could lead to a long-term high in asset prices

According to Gelonghui, Buffett responded in an exclusive interview with CNBC regarding "Berkshire currently holding about $380 billion in cash, and the market is highly concerned about why it has not made large-scale acquisitions or investments": the prices are too high, and there are too few targets.Buffett stated, "Now is not our ideal environment for deploying cash for Berkshire." He emphasized that the company has the right management team to selectively choose opportunities: "Sometimes we do nothing, but sometimes we are very active."When discussing the current macro stock market environment, Buffett used the metaphor of "a church with a casino" to describe the speculative atmosphere on Wall Street. People can move between the church and the casino, with more people in the church than in the casino, but the casino has become very attractive to people.He pointed out, "If you are buying and selling single-day options, that is not investing, nor is it speculation; it is outright gambling." Referring to a recent case where a U.S. soldier used confidential information about military operations in Venezuela to profit $400,000 in the prediction market, he said: unless one knows when we will strike into Venezuela like that person, no one can explain why they would buy a one-day option; the number of such occurrences is astonishing.We have never encountered a crowd with a greater propensity for 'gambling' than now. Buffett further noted that the surge in gambling enthusiasm does not necessarily mean the market will collapse, but it will lead to a long-term high price for many assets.

Bitget supports the growth and development of women in Web3 in emerging markets like the Philippines through the Blockchain4Her program

Bitget, through the Blockchain4Her program, continues to promote the popularization of Web3 women's education and community building in emerging markets such as the Philippines. This program focuses on providing a systematic blockchain knowledge framework for women and youth, helping them participate in the long-term development of Web3 with a solid understanding and gain more substantial opportunities within the industry.To achieve this goal, Blockchain4Her has supported several grassroots initiatives led by local female advocates. These include: transforming blockchain technology into practical development opportunities for underdeveloped communities; developing exclusive learning materials titled "Young Learners' Encyclopedia" for youth; and building a learning community focused on risk control and trading discipline. These initiatives not only help local beginners avoid misinformation and establish a rational understanding of Web3 but also align closely with Bitget's partnership with UNICEF in promoting digital skills and blockchain education globally.Bitget CEO and Blockchain4Her founder Gracy Chen stated, "Our original intention is to provide a more equal and open environment for women to explore Web3. Seeing more and more outstanding women engaging in community building shows us how true industry inclusivity takes root and flourishes from the grassroots."

Bernstein: The structural strengthening of the cryptocurrency market suggests that Bitcoin is likely to enter a longer-term bull market

According to The Block, analysts at research firm Bernstein stated in their latest report that the fundamentals of the crypto market are continuously improving. The recent low of $60,000 for Bitcoin has formed a clear bottom, and the current price is approaching $80,000. Driven by institutional demand, a longer structural bull market is expected.Bernstein analyst Gautam Chhugani pointed out the following core driving factors:Institutional channels continue to expand: Morgan Stanley's Bitcoin ETF and Charles Schwab's spot Bitcoin/Ethereum trading platform have been launched one after another, with about 60% of Bitcoin supply not having moved for over a year, indicating a stable holder structure;Strategy continues to increase holdings: its STRC perpetual preferred stock product attracts income-focused investors, with current holdings reaching 818,334 Bitcoins;Demand for stablecoins reaches an all-time high: stablecoin supply has surpassed $30 billion, decoupling from the price cycle of the crypto market, showing that real payment and settlement demand continues to grow;Tokenization of real assets accelerates expansion: the scale of tokenized assets such as private credit and government bonds has reached $345 billion, a year-on-year increase of 110%.Bernstein also noted that quantum computing poses a long-term potential risk, but the blockchain ecosystem is expected to have ample time to complete the post-quantum security transition.
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