subscription

According to official data, Gate's yield-generating stable asset GUSD has accumulated a subscription scale that has exceeded $257 million, setting a new historical record. Users holding GUSD can enjoy an annualized subscription yield of 3.8%, with earnings distributed daily, and it supports flexible deposits and withdrawals, meeting users' dual demands for stable income and liquidity.Meanwhile, the Gate Launchpool DOS staking activity is ongoing, with the current total amount of liquid staking in the GUSD pool exceeding 93.06 million GUSD, and the estimated annualized yield reaching 6.36%. When combined with the basic 3.80% yield of GUSD, the overall annualized yield rate reaches 10.16%. Users can participate in various ecological scenarios such as Launchpool through GUSD, further enhancing asset utilization efficiency while maintaining liquidity.

According to regulatory filings, the Morgan Stanley Bitcoin Trust (MSBT) recorded approximately $371.1 million in total share subscription contributions within 85 days of its listing, including about $200.3 million in cash and approximately $170.8 million in Bitcoin. During the same period, the fund's net assets decreased by approximately $6.68 million due to operations, almost entirely from unrealized depreciation in Bitcoin (approximately $6.617 million), along with realized losses of about $618,600 and sponsor fees of about $72,300, not caused by large redemptions by investors.The documents show that the redemption allocation during this period accounted for only about 1.42% of the total subscription contributions. The fund issued approximately 17.9 million shares and redeemed 250,000 shares (corresponding to 1,790 creation baskets and 25 redemption baskets). The share circulation increased from about 17.65 million on June 30 to about 21.74 million on July 31, an increase of approximately 23.17%. Creation and redemption were conducted by authorized participants at a net asset value of 10,000 shares per basket.

According to the announcement from the Shanghai Stock Exchange, Yushu Technology has released the announcement of the results of its initial public offering and listing on the Sci-Tech Innovation Board, as well as the prospectus for the initial public offering and listing on the Sci-Tech Innovation Board. It disclosed that the online and offline subscription payment work has been completed, and after the adjustment mechanism was activated, the final number of shares issued offline was 22,650,148 shares, accounting for approximately 70% of the number of shares issued after deducting the final strategic placement. The final number of shares issued online was 9,707,000 shares, accounting for approximately 30% of the number of shares issued after deducting the final strategic placement.In addition, before this issuance, the actual controller of Yushu Technology, Wang Xingxing, directly held 86,714,964 shares of the company, controlling a total of 34.763% of the shares. Through the arrangement of special voting rights, the proportion of voting rights controlled by Wang Xingxing in the company was 68.7816%. After this issuance, the proportion of voting rights controlled by Wang Xingxing will decrease to no more than 65.309%.

Bitget has launched the US stock bottom-fishing interest-earning product FCN (Fixed Coupon Note), allowing users to use USDT to subscribe to structured products linked to US stock rToken and set target purchase prices. According to the product rules, if the observation price at maturity is greater than or equal to the exercise price, users will receive the USDT principal and the agreed USDT interest; if the observation price at maturity is lower than the exercise price, the USDT principal will be converted into the corresponding number of US stock rToken at the exercise price, while also receiving the agreed USDT interest.At the same time, the platform has launched a first-time rebate activity. Users who successfully subscribe to FCN for the first time with a single amount of no less than 1,000 USDT can receive up to 20 USDT; if the cumulative subscription amount reaches the specified threshold, an individual can receive a maximum cashback reward of 10,000 USDT. For more details, please refer to the official Bitget platform.

According to official data, the cumulative subscription scale of Gate GUSD's current U.S. Treasury bonds has exceeded $251 million, setting a new historical record. Users holding GUSD can enjoy an annualized subscription yield of 3.8%, with earnings distributed daily, and it supports flexible deposits and withdrawals, meeting users' dual needs for stable income and liquidity.Meanwhile, the Gate Launchpool DOS staking activity is ongoing, with the estimated annualized yield of the DOS GUSD staking pool reaching 10.63%. When combined with the basic 3.80% current yield of GUSD, the overall annualized yield reaches 14.43%. The subscription for the third phase project of Gate Pre-IPOs, Moonshot AI (KIMI), has begun, allowing users to participate using both USDT and GUSD. Participating in the subscription with GUSD allows users to simultaneously enjoy the 3.8% current U.S. Treasury bond yield, achieving a combination of income generation and innovative asset allocation.

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

Yushu Technology will launch its new stock subscription on Monday. According to public information, its issue price is 150.8 yuan, corresponding to an issue market value of approximately 61 billion yuan.According to on-chain analyst Yu Jin (@EmberCN), currently, the pre-market contract price on the Hyperliquid platform is about 88 USD (approximately 587 yuan), corresponding to a market value of about 237.4 billion yuan, which is about 3.9 times higher than the valuation corresponding to the issue price. Based on the pre-market price calculation, if one wins a subscription for 500 shares, the potential profit is about 220,000 yuan. In addition, based on the maximum subscription of 12 lots, the probability of winning one lot is about 0.3%.

Google's parent company Alphabet's massive bond issuance attracted about $115 billion in subscription demand.

Earlier today, the Hong Kong Stock Exchange disclosed that the long position ratio of H&H International Investment, managed by Duan Yongping, in Pop Mart International Group Limited decreased from 7.65% to 5.55% as of July 30, 2026.According to the detailed interpretation of the announcement, this reduction was caused by the exercise of sold call options. Duan Yongping holds the underlying shares of Pop Mart through H&H International Investment while selling call options to earn premiums. After some calls expired and were exercised on July 30, Duan Yongping had to deliver shares at the agreed price, resulting in a decrease in physical holdings, and the disclosed long position ratio fell from 7.65% to 5.55%.This time, Duan Yongping had some calls expire and be exercised, delivering part of the shares at an average settlement price of approximately HKD 162.50, resulting in a net decrease of about 8.9328 million shares in physical holdings. Additionally, the expiration or conversion of other option positions contributed to the overall decline in the disclosed total long position ratio.Duan Yongping is accustomed to using sold options to enhance returns or build positions, and he has previously engaged in similar operations with stocks like Apple. On July 23, Duan Yongping had just responded to investors on Xueqiu, stating, "Pop Mart has just started buying, and it is highly likely that I won't sell within the next 10 years." The decrease in ratio this time is mainly due to passive reduction caused by option settlements, rather than actively selling in the market. The actual decrease in physical holdings is also not as exaggerated as the disclosed ratio suggests, as the disclosed long position ratio also includes the impact of related derivative positions.

According to Jinshi reports, Yushu Technology (688836.SH) announced that the company will conduct its initial public offering and list on the Sci-Tech Innovation Board. This issuance will adopt a combination of strategic placement, offline issuance, and online issuance. The proposed public offering will issue 40.446434 million shares, accounting for 10% of the total share capital after issuance, with a total share capital of 404.46434 million shares after issuance.The preliminary inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026. The company has a special voting rights mechanism arrangement, and the actual controller Wang Xingxing controls a total of 68.78% of the voting rights under the voting rights differential arrangement.

According to official news, the total subscription amount for Gate GUSD has reached 217 million USD. The Gate GUSD current US Treasury product has been fully upgraded, allowing users holding GUSD to enjoy an annualized yield of 3.8%, with support for deposits and withdrawals at any time, and earnings distributed daily to the spot account or trading account. New users participating in the GUSD current US Treasury subscription can also enjoy a limited-time annualized yield of 100%. The GUSD current US Treasury supports subscriptions in USDT, USDC, and USD1, allowing users to obtain GUSD at a 1:1 exchange rate, and simultaneously enjoy the corresponding product earnings and GUSD current US Treasury earnings while participating in products like Launchpool and Pre-IPOs.In addition, Gate's 367th ANTFUN Launchpool is currently ongoing, where users can participate in staking using USDT, GUSD, or ANTFUN to share a reward of 3,756,574 ANTFUN. The current total amount of GUSD liquid staking is close to 50 million, with the GUSD pool APR at 4.09%. After adding the GUSD subscription earnings, the estimated combined APR reaches 7.89%. Additionally, the estimated annualized yield for the USDT pool liquid staking pool is 5.55%, and the estimated annualized yield for the ANTFUN exclusive staking pool is 87.20%.Gate has launched a no-loss quick redemption feature for GUSD. Users can redeem GUSD minted with USDT, USDC, or USD1 within the no-loss exit limit of the corresponding currency, enjoying real-time 1:1 crediting of the original currency without redemption fees, achieving a balance between earning income and flexible allocation of funds.

According to the official announcement, the second phase of Gate IPO Access for Jersey Mike's (JMKE) will open for intention subscription on July 27, 2026, at 10:00 (UTC+8). Users can participate using USDT or GUSD, with the opportunity to obtain corresponding stock shares and trade them through the Gate stock section after the listing.This subscription period will last until July 29, 2026, at 10:00 (UTC+8), with a reference subscription price of $21-25 per share, a minimum investment of 100 USDT or 100 GUSD, and a maximum investment of 500,000 USDT or 500,000 GUSD, with no additional fees required. In terms of subscription quotas, the USDT and GUSD subscription pools each account for 50%, and the platform will calculate the allocation ratio based on the average locked amount per hour during the user subscription period.This subscription is classified as "intention subscription," and the final allocation results will be determined based on the actual IPO issuance situation, the allocation amount obtained by the platform, and user participation. Stocks successfully allocated are expected to be issued to users' Gate stock accounts on July 30, 2026, and will be traded through the Gate stock section after the listing. There is no lock-up period for this stock, supporting 100% unlocking.

Solv Protocol announced on platform X that on July 13, the BTC+ contract on the BNB Smart Chain suffered a security incident. After investigation, it was found that the attacker compromised the deployer's private key and upgraded the BTC+ minting proxy contract on BSC, minting unauthorized BTC+ tokens. The team completed the emergency response within three hours, isolating the malicious contract and freezing, destroying, or isolating all unauthorized BTC+. All underlying BTC assets are safe.As a precaution, the subscription and redemption of BTC+ have been suspended, with a recovery expected within two weeks. BTC+ has never established an official liquidity pool on any DEX, and users should only obtain and hold BTC+ through official Solv channels. The team has upgraded the deployer's security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit, with a detailed post-incident analysis report to be released subsequently.

According to official news, Kimi stated that in the past 48 hours, the demand for Kimi K3 has exceeded expectations, and GPU resources are nearing the current capacity limit. To ensure the experience of existing subscription users, the platform has temporarily suspended new subscriptions, and current subscribed users will not be affected. Kimi mentioned that it is working to expand computing power as soon as possible and will gradually open new subscription slots in batches.Meanwhile, the platform will split the membership system into two types of plans in the future: one for Kimi members on the Kimi web portal, App, and Work, and the other for Kimi Code members focused on programming workflows, to more accurately match computing resources and maintain service stability.

The domestic DRAM storage chip leader Changxin Technology (688825) has officially opened for new stock subscription. Due to the large issuance scale, this new stock offering has rarely seen a "sunshine market" trend. Institutions predict that the online winning rate will soar to 0.3% to 0.7% (with a neutral expectation of about 0.45%), reaching 10 to 20 times that of ordinary Sci-Tech Innovation Board new stocks. Calculations show that the probability of winning for a single account with an average market value of 200,000 in the Shanghai market is as high as about 18%, and theoretically, an average market value of 1 million can reliably secure 1 winning ticket.The issuance price of the stock is 8.66 yuan per share, and to secure one winning ticket (500 shares), a payment of 4,330 yuan is required. The official winning rate and results will be disclosed on July 17 and July 20 (Monday) respectively, and winners must ensure sufficient funds in their accounts by 16:00 on the 20th. Various institutions have given a neutral expectation, as Changxin Technology's market value is expected to reach 2 trillion to 3 trillion yuan after listing, with the profit margin for a single winning ticket expected to be around 20,000 yuan.If Changxin Technology fully exercises the green shoe mechanism, the total fundraising amount will reach 66.607 billion yuan, setting a new record for the largest IPO on the Sci-Tech Innovation Board, and it will also become the third largest IPO in A-share history. Financial data shows that the company has fully turned a profit, with expected operating revenue in the first half of 2026 reaching 110 billion to 120 billion yuan, and net profit attributable to the parent company reaching 50 billion to 57 billion yuan. The total amount of this strategic placement exceeds 14.4 billion yuan, successfully attracting social security funds, pension funds, as well as 30 major industry terminal giants such as Alibaba Cloud, Tencent, Meituan, and Xiaomi.

According to official data, the second phase of the Gate Pre-IPOs project for OpenAI (OPENAI) has seen a continuous rise in user participation 24 hours after the subscription opened. As of now, the total subscription amount has exceeded 231 million USD, with a subscription rate of 1156.57%.This round of OpenAI (OPENAI) subscriptions will continue until July 17 at 15:00 (UTC+8), supporting participation in both USDT and GUSD. The total subscription value is approximately 20 million USD, with a total issuance of 27,700 OPENAI asset certificates. The subscription price is 1 OPENAI = 722 USD, with a minimum subscription amount of 100 USDT or 100 GUSD, and it waives implicit fees and custody costs. In terms of the allocation mechanism, the platform uses "average locked amount per hour" as the basis for asset certificate allocation. The earlier users participate and the longer the locking period, the higher the allocation weight. Additionally, OPENAI will open pre-market trading in the Pre-IPOs section on July 20 at 16:00 (UTC+8).

According to official data, the second phase of Gate Pre-IPOs project OpenAI (OPENAI) opened for subscription for only 1 hour, and the total subscription amount has exceeded 148 million USD, with an oversubscription rate of 639.39%. User participation continues to rise, indicating an increasing market interest in pre-IPO investment opportunities for quality AI assets.This subscription for OpenAI (OPENAI) will continue until July 17 at 15:00 (UTC+8), supporting participation in both USDT and GUSD, with a total subscription value of approximately 20 million USD, issuing a total of 27,700 OPENAI asset certificates. The subscription price is 1 OPENAI = 722 USD, with a minimum subscription amount of 100 USDT or 100 GUSD, and waiving implied fees and custody costs. In terms of the allocation mechanism, the platform uses "average locked amount per hour" as the basis for asset certificate allocation; the earlier the user participates and the longer the locking period, the higher the allocation weight. In addition, OPENAI will open the Pre-IPOs section for pre-market trading on July 20 at 16:00 (UTC+8).

Changxin Technology (688825.SH) announced that the company will conduct its initial public offering and list on the Sci-Tech Innovation Board, with an issue price of 8.66 yuan per share. Investors are requested to subscribe online and offline at this price on July 16, 2026 (T day), with no need to pay subscription funds at the time of application.Among them, the offline subscription time is from 9:30 to 15:00, and the online subscription time is from 9:30 to 11:30 and 13:00 to 15:00. The total number of initial shares issued is 66,880,886.08 shares, accounting for approximately 10.00% of the total share capital after issuance, and granting CICC an over-allotment option not exceeding 15.00% of the initial shares issued.The price corresponds to a diluted price-to-earnings ratio of 308.92 times for 2025, based on the lower of pre- and post-deduction earnings (without exercising the over-allotment option), which is higher than the industry average price-to-earnings ratio of 76.32 times and the average price-to-earnings ratio of comparable companies of 134.62 times. The total amount of funds raised is expected to be approximately 57.919 billion yuan (before the exercise of the over-allotment option), with a net amount of approximately 57.638 billion yuan after deducting issuance expenses.

According to the official announcement, the second phase of Gate Pre-IPOs project OpenAI (OPENAI) subscription will officially start on July 15 at 15:00 (UTC+8). This phase supports participation in both USDT and GUSD, with a total subscription value of approximately 20 million USD, issuing a total of 27,700 OPENAI asset certificates, with a subscription price of 1 OPENAI = 722 USD.This subscription will last until July 17 at 15:00 (UTC+8), with a minimum single subscription amount of 100 USDT or 100 GUSD, waiving implied fees and custody costs, and will open pre-market trading in the Pre-IPOs area on July 20 at 16:00 (UTC+8). In terms of the allocation mechanism, the platform uses "average locked amount per hour" as the basis for asset certificate allocation; the earlier the user participates and the longer the lock-up time, the higher the allocation weight.At the same time, Gate is launching multiple subscription benefits, including GT Sunshine Reward, exclusive airdrop activities for VIP users and super agents, and more. Users who successfully subscribe for more than 10,000 USD will receive a reward of 1 GT each; users who subscribe for less than 10,000 USDT can share a 2,000 GT prize pool; in addition, participating in the subscription using GUSD can also enjoy an annualized minting yield of 3.8%.