BTC $64,341.36 +0.36%
ETH $1,872.17 +0.70%
BNB $568.83 +0.78%
XRP $1.09 +0.63%
SOL $74.37 +0.73%
TRX $0.3311 +0.22%
DOGE $0.0716 +3.28%
ADA $0.1647 +0.50%
BCH $209.65 -0.29%
LINK $8.36 +0.44%
HYPE $58.19 +1.33%
AAVE $91.98 -1.09%
SUI $0.7117 +0.25%
XLM $0.1782 +0.46%
ZEC $484.81 -0.49%
BTC $64,341.36 +0.36%
ETH $1,872.17 +0.70%
BNB $568.83 +0.78%
XRP $1.09 +0.63%
SOL $74.37 +0.73%
TRX $0.3311 +0.22%
DOGE $0.0716 +3.28%
ADA $0.1647 +0.50%
BCH $209.65 -0.29%
LINK $8.36 +0.44%
HYPE $58.19 +1.33%
AAVE $91.98 -1.09%
SUI $0.7117 +0.25%
XLM $0.1782 +0.46%
ZEC $484.81 -0.49%

satisfied

All
Article
Flash

Liang Wenfeng is dissatisfied with the leak of the 4-hour internal speech, and DeepSeek announced the suspension of the second round of financing

According to Bloomberg, DeepSeek announced the suspension of its second round of financing and verbally notified some potential investors that it would not sign investment agreements as expected. This suspension partly stems from founder Liang Wenfeng's dissatisfaction with the leak of a 4-hour internal transcript during its first financing deal, where he made 52 statements in an investor meeting regarding DeepSeek's organizational culture, open-source logic, technology roadmap, and views on the competitive landscape of the industry. The nearly 4-hour meeting record recently went viral on social media, including statements such as "The biggest gap between China and the U.S. in AI is computing power resources." Both DeepSeek and Liang Wenfeng have not confirmed the authenticity of the leaked record.DeepSeek stated that it may still choose to resume the transaction process in the future and has begun preparations for an initial public offering, with the IPO potentially being filed as early as this year.DeepSeek completed its first round of external financing in June 2026, raising over 50 billion yuan, approximately 7.4 billion dollars, with a post-investment valuation of about 50-59 billion dollars. It adopted a special structure, with most funds entering a limited partnership managed by Liang Wenfeng, where investors have no voting rights and are locked in for 5 years. Liang Wenfeng himself contributed about 20 billion yuan as the largest contributor, with participation from Tencent, CATL, JD.com, NetEase, and the Chinese National AI Fund. DeepSeek subsequently initiated discussions for its second round of financing in mid-July, targeting a valuation of about 71 billion dollars.

The U.S. Republican Party is dissatisfied with Fairshake's wait-and-see attitude towards the midterm elections and demands clear support

According to Axios, American Republicans are increasingly dissatisfied with the flow of political donations in the cryptocurrency industry, demanding that the pro-crypto super PAC Fairshake, which holds about $165 million in funds, clarify its stance and focus on supporting Republican candidates in the 2026 midterm elections.Republicans pointed out that, against the backdrop of significant progress in promoting pro-crypto legislation such as the CLARITY Act, Fairshake has yet to announce specific election investment plans, which is disappointing. The points of contention include:Ohio Democratic Senate candidate Sherrod Brown: Fairshake spent over $40 million in 2024 to defeat incumbent Senator Brown, but Brown's attitude towards the cryptocurrency industry has noticeably softened in recent years.New Hampshire Congressman Chris Pappas: His Stand With Crypto rating rose from "F" to "A" within 8 months, and Republicans initially expected Fairshake to focus on his campaign.In response, Fairshake supporters stated that it is still too early to speak out and emphasized that the PAC is bipartisan in nature, aiming to "reward supporters and punish critics," rather than unconditionally supporting a particular party. Some pro-crypto Republicans (such as the Winklevoss brothers) have established separate independent groups specifically to support Republican candidates.
app_icon
ChainCatcher Building the Web3 world with innovations.