On July 17, the Vaneck ETF, with a total size of $237 billion, announced that it has purchased over $200 million worth of STRC stocks from Michael Saylor. This accounts for more than 8% of the fund's total assets in the Bitcoin-related digital credit sector. Wall Street is actively buying on the dip.
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Vaneck ETF Acquires Over $200 Million in STRC Stocks
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Abraxas Capital Withdraws 12,477 ETH from CEX in Last 3 Hours
According to monitoring by Arkham, Abraxas Capital has withdrawn 12,477 ETH from CEX in the past 3 hours, valued at $22.88 million. Over the past week, Abraxas Capital has withdrawn a total of 45,996 ETH from exchanges such as Binance and Bybit, amounting to $84.39 million. -
Huike Co., Ltd. Plans to Invest 4 Billion Yuan to Establish Subsidiary for Advanced Packaging and Testing Project
On July 17, Huike Co., Ltd. (001399.SZ) announced that on July 17, 2026, it signed the "Advanced Packaging and Testing Project Cooperation Agreement" with the Management Committee of the Shaoxing Area of the Hangzhou-Shaoxing Integrated Economic Development Demonstration Zone to carry out the Huike Advanced Packaging and Testing Project. The company plans to invest 4 billion yuan to establish a wholly-owned subsidiary, Zhejiang Huixin Advanced Semiconductor Co., Ltd., which will serve as the implementation entity for the project. The project will be constructed in two phases, with the first phase planned for advanced packaging and testing of 12-inch mixed chips, achieving a production capacity of 20 million units per month upon reaching full capacity, with a construction period not exceeding three years. In the context of the global semiconductor industry supply chain restructuring and the continuous growth of domestic chip packaging and testing market demand, this investment allows the company to enter the advanced packaging and testing field, representing a significant initiative for the company to extend into high-value-added segments of the industry chain. This move is expected to foster new business growth, optimize the industrial structure, and enhance the company's overall competitiveness and long-term profitability. -
CSRC Organizes Cross-Department Training on Comprehensive Punishment and Prevention of Financial Fraud
On July 17, the China Securities Regulatory Commission (CSRC) organized a cross-departmental business training session in Beijing focused on a comprehensive punishment and prevention system, with over 200 participants from relevant departments and the CSRC system. Moving forward, the CSRC will continue to strengthen collaboration with various departments, transforming training outcomes into effective work results. The aim is to collectively enhance the deterrent against financial fraud, tighten the constraints that prevent fraud, and foster a conscious aversion to fraud. The CSRC is committed to effectively conducting a comprehensive campaign against financial fraud, tackling challenges, and ensuring sustained efforts, all while promoting the high-quality development of the capital market to better serve the construction of a strong financial nation and the overall modernization of China. (CSRC) -
Nvidia Allegedly Invests $196 Million in Digital Bank Revolut, NVentures' Stake Revealed
Nvidia's venture capital arm, NVentures, is reported to have invested approximately $196 million in the UK fintech company Revolut. A confirmation statement disclosed by the UK Companies House indicates that a shareholder entity suspected to belong to NVentures LLC holds around 141,834 shares in Revolut. Based on the issuance price disclosed in this round of financing, these shares are valued at approximately $195.9 million. Previously, neither Nvidia nor Revolut had publicly disclosed the specific investment amount or stake size of NVentures in the company. This document's revelation suggests that Nvidia may be strategically investing to further establish its presence in the fintech sector. Founded in 2015, Revolut operates in areas including payments, foreign exchange, investment, and cryptocurrency services. In recent years, Nvidia has consistently invested in AI, fintech, and next-generation internet infrastructure companies through NVentures, and this investment in Revolut is viewed as part of its strategy to expand its AI and digital finance ecosystem. -
Tencent Buddy Product Line Now Supports Kimi K3
Tencent has announced that the Buddy product line now includes built-in support for Kimi K3. According to Tencent, resources are currently limited, and CodeBuddy is prioritizing access to Kimi K3 for 'Enterprise Exclusive' and 'Individual Subscription Users'. During periods of high usage, users may experience wait times. Once resources are sufficient, access will be opened to all users. -
Guokewai Plans to Raise No More Than 5.061 Billion Yuan for Next-Gen AI Vision Chips and Solutions
On July 17, Guokewai announced that the company plans to issue shares to specific investors to raise no more than 5.061 billion yuan. After deducting issuance costs, the net proceeds are intended for the research and development and industrialization projects of next-generation AI vision processing chips and solutions, media interaction AI chip R&D and industrialization projects, edge AI chip R&D and industrialization projects, and to supplement working capital. The number of shares to be issued to specific investors will not exceed 65.1307 million shares, with no more than 35 investors. The raised funds will be used for the R&D and production of AI chips and to supplement working capital to support the company's business development and market expansion. -
Goldman Sachs Raises Target Price for Zhongji Xuchuang to 2,581 Yuan
On July 17, Goldman Sachs released a report raising the 12-month target price for Zhongji Xuchuang (300308.SZ) from 1,187 yuan to 2,581 yuan, maintaining a 'Buy' rating. This adjustment is driven by three core factors: 1. Growth in module shipments based on silicon photonics technology, primarily propelled by the accelerated deployment of AI server racks. 2. Market expansion, extending from traditional scale-out to scale-up. 3. Upgrading of the product portfolio, transitioning to higher-speed and higher-value products, significantly enhancing the company's profitability. -
No Large-Scale Liquidation in Margin Trading, Brokers Respond
This afternoon, rumors circulated on social media about concentrated liquidations in margin trading accounts and mass forced liquidations by brokers, raising concerns among investors. Interviews revealed a significant discrepancy between the actual market situation and the panic rumors online. Brokers interviewed clearly stated that the overall risk of margin trading is currently manageable, and there is no large-scale forced liquidation occurring. While some accounts have indeed reached warning and margin call levels, forced liquidations are only isolated cases. Brokers also reminded investors that margin trading is a leveraged trading tool, which inherently carries the risk of amplifying price fluctuations. During market adjustment phases, high-leverage accounts can experience significant volatility. Investors should rationally assess fragmented online narratives and pay attention to maintaining the collateral ratio of their credit accounts, leaving a safety margin. -
Burnham Elected Leader of the UK Labour Party, Set to Become Prime Minister
On July 17, local time, the UK ruling party, the Labour Party, announced at a special conference that Andy Burnham has been elected as the leader of the Labour Party. Following an appointment by King Charles III, he will succeed Keir Starmer as Prime Minister of the UK. According to the procedure, Starmer will submit his resignation to King Charles III on the 20th. Subsequently, Burnham will receive the King's appointment and officially assume the role of Prime Minister. The 56-year-old Burnham previously served as the Mayor of Greater Manchester. In the Labour Party leadership election, Burnham received the support of a majority of Labour MPs, making him the only official candidate. (CCTV) -
Zhongji Xuchuang Listed on Hong Kong Stock Exchange with CSRC Filing
On July 17, the International Cooperation Department of the China Securities Regulatory Commission (CSRC) issued a notice regarding the filing for the overseas issuance and listing of Zhongji Xuchuang Co., Ltd. The company plans to issue no more than 94,004,350 ordinary shares for overseas listing and list on the Hong Kong Stock Exchange.
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