格隆汇8月22日丨加幂科技(08198.HK)发布公告，2025年8月22日，买方(元思维创新有限公司，公司间 接全资附属公司)与卖方(即Golden Cactus Pty Ltd)订立买卖协议，据此，买方有条件同意收购而卖方有 条件同意出售销售股份，占目标公司全部已发行股本的80%。完成后，目标公司将成为公司的全资附属 公司，其财务业绩将综合入账至集团的综合财务报表。 目标公司(即Rhino Trading Pty Ltd)于2021年11月16日在澳洲注册成立，并拥有及经营一个线上数字货币 交易平台，会员可在该平台上购买及交易加密货币。目标公司已就数字货币交易服务(涵盖涉及数字货 币的场外交易服务)及涉及跨境转账的汇款服务向澳洲交易报告及分析中心("AUSTRAC")正式注册，使 其可于澳洲合法经营其数字货币交易业务。于本公告日期，买方及卖方分别拥有目标公司20%及80%权 益。 ...

Market Performance - The Dow Jones Industrial Average closed down by 0.1% [1] - The S&P 500 index fell by 0.49% [1] - The Nasdaq Composite dropped by 0.65% [1] Company Highlights - Pfizer (PFE.N) saw an increase of 5% [1] - Coinbase (COIN.O) experienced a decline of 6.3% [1] - Microsoft (MSFT.O) and Meta Platforms (META.O) both fell by over 1% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.56% [1] - Yum China (YUMC.N) dropped by 6% [1] - NIO Inc. (NIO.N) fell by 2% [1]

Group 1 - Bitcoin-related stocks experienced a decline on Tuesday, with Coinbase (COIN.US) dropping over 4% [1] - Coinbase plans to issue $2 billion in convertible senior notes through a private placement, maturing in 2030 [1] - Other companies in the sector also saw declines, including Circle (CRCL.US) down over 3%, MicroStrategy (MSTR.US) down over 2%, Galaxy Digital (GLXY.US) down over 7%, and Robinhood (HOOD.US) slightly down [1]

Core Viewpoint - The article highlights the significant investment activities of Oriental Harbor Investment Fund, led by Dan Bin, focusing on technology stocks, particularly in the context of the ongoing AI revolution and its long-term potential [1][9]. Group 1: Investment Portfolio Overview - As of the end of Q2, Oriental Harbor's overseas fund held 13 U.S. stocks with a total market value of $1.127 billion, showing a notable increase compared to the previous quarter [1]. - The top five holdings include Nvidia, Alphabet (Google's parent company), Bank Montreal Medium, ProShares Trust, and Meta [3]. - There was a significant increase in the position in Alphabet, which reported Q2 revenues of $96.428 billion, a 14% year-over-year increase, and a net profit of $28.196 billion, up 19% [4]. Group 2: New Additions and Sector Focus - In Q2, Oriental Harbor made substantial new investments in Tesla, Netflix, and Coinbase, with respective market values of $62.96 million, $57.26 million, and $54.98 million [6]. - Coinbase is recognized as the largest cryptocurrency exchange in the U.S., while Netflix reported Q2 revenues of $11.079 billion, a 16% increase year-over-year, and a net profit of $3.125 billion, up 46% [6]. Group 3: Strategic Shift and Long-term Vision - Oriental Harbor has shifted its investment strategy since 2022, moving from a focus on the Chinese and Hong Kong markets to a global perspective, recognizing the opportunities presented by the AI era [9]. - Dan Bin emphasizes that the AI revolution is not a short-term trend but a significant technological shift with a long-term evolution cycle, similar to previous major technological advancements [9][10]. - The fund aims to invest in companies that can change the world, focusing on innovative business models that align with the transformative potential of AI [10].

Core Viewpoint - Oriental Harbor Investment Fund, led by Dan Bin, has significantly increased its holdings in U.S. stocks, with a total market value of $1.611 billion as of Q2 2025, nearly doubling from $868 million in Q1 2025, driven by both increased positions and rising stock prices [2][3] Group 1: Stock Holdings - The fund holds 13 U.S. stocks, with major increases in positions in Google and Amazon, which are now the top two holdings, while Nvidia has been slightly reduced to the third position [2][3] - New additions to the portfolio include Coinbase, valued at approximately $54.7 million, which is the largest cryptocurrency exchange in the U.S. by trading volume [2][3] - The fund's focus remains on technology stocks, particularly in the AI sector, reflecting a strategic shift towards global markets since 2022 [16][17] Group 2: Performance and Strategy - Dan Bin has been a strong proponent of the AI industry, emphasizing a long-term investment horizon of over 10 years for AI technologies, similar to previous technological revolutions [17] - The fund's strategy includes investing in companies that can "change the world" while also focusing on those that are "not changed by the world," indicating a dual approach to investment [17] - Recent research activities included a focus on A-share companies, such as Pengding Holdings, which saw a significant price increase following the fund's interest [5][14]

Group 1 - Bitcoin has reached an all-time high, with institutional funds continuing to flow in, indicating strong confidence in the long-term price of BTC [2] - Over the past 24 hours, centralized exchanges (CEX) experienced a net outflow of 10,005.11 BTC, with significant withdrawals from Coinbase Pro (3,758.27 BTC), Binance (3,417.70 BTC), and Bitfinex (1,301.86 BTC) [2] - The trend of transferring Bitcoin from exchanges to personal wallets reflects a long-term holding strategy among investors [2] Group 2 - South Korea is leading Asia in the regulatory landscape for digital assets, with proposed legislation aimed at stabilizing the market and fostering innovation [3] - Stablecoins are becoming key tools for the practical application of digital assets and payment system innovation, with trading volumes surpassing Visa in the US and South America [3] - The global regulatory environment for digital assets is improving, with major economies adopting a more positive stance despite some criticism, such as from US Congressman Brad Sherman [3] Group 3 - Bitcoin Standard Treasury Company (BSTR) plans to merge with Cantor Equity Partners I, aiming to hold 30,021 BTC post-transaction, making it the fourth-largest publicly listed Bitcoin treasury [5] - SharpLink Gaming has increased its planned common stock issuance from $1 billion to $6 billion, primarily to purchase ETH, indicating a surge in institutional demand for digital assets [5] - Nasdaq-listed Bit Origin has secured $500 million in equity and debt financing to establish a Dogecoin treasury, showcasing the growing interest from traditional companies in digital asset allocation [5] Group 4 - Bitcoin's price has surpassed $120,000, driven by positive regulatory developments in regions like South Korea and ongoing institutional investments [6] - XBIT aims to leverage its technological advantages to provide secure, efficient, and convenient digital asset trading services, helping investors capitalize on global regulatory changes [6]

Core Insights - XBIT decentralized exchange platform is gaining investor attention due to its trustless trading mechanism and reliance on smart contracts for automatic execution of trading rules, providing a secure and fair trading environment [1][4][9] Group 1: Market Dynamics - The 10-year U.S. Treasury yield has significantly declined, dropping over 4 basis points to 4.213%, marking a two-month low, while the 30-year yield fell over 5 basis points to 4.761% [1][4] - A controversial spending bill, referred to as a "massive and beautiful bill," has passed a key procedural hurdle in the Senate, potentially increasing U.S. debt by over $3.9 trillion if approved [4] Group 2: XBIT Platform Features - XBIT has established a bank-grade security system, storing 99% of user assets in geographically dispersed cold wallet nodes, and employs Shamir's secret sharing technique to enhance asset protection [2] - The platform supports over 200 assets across major public chains like Ethereum and BNBChain, utilizing a liquidity aggregation algorithm to find optimal prices for users [6] - XBIT offers advanced trading features such as limit orders and stop-loss orders, allowing users to set conditions for automatic trade execution while keeping gas costs low [6] Group 3: Bitcoin Market Insights - Bitcoin has experienced significant price volatility, with notable drops in April and February, influenced by global economic conditions and regulatory changes [6] - During market panic, investors betting on rising cryptocurrency prices have faced substantial losses, with a reported $1.38 billion in liquidations on a single day [6]

Core Insights - The XBIT decentralized exchange platform is gaining attention from investors due to its reliable and convenient trading environment built on mature technology [1][4][6] - The cryptocurrency market is experiencing significant volatility, with Bitcoin and EOS showing notable price movements, which are attracting investor interest [2][3][8] - XBIT's unique features, such as non-custodial asset management and automated smart contract execution, provide a safer and more stable trading experience for users [4][5][8] Market Overview - The cryptocurrency market is described as a "digital storm," with frequent price fluctuations, particularly for EOS, which saw a daily increase of 10.07% recently [1][2] - Bitcoin's current price is reported at 104,899.2, with a market capitalization share of 64.42%, indicating its dominance in the cryptocurrency space [2][3] XBIT Platform Features - XBIT operates without a single management core, allowing it to maintain trading services in regions with strict cryptocurrency regulations, unlike centralized exchanges [5] - The platform has integrated over 10 public chain assets and maintains an average daily trading volume exceeding 12 million USD, demonstrating its active trading environment [5] - XBIT employs a dynamic unlocking strategy to minimize losses during liquidity mining, enhancing the stability of investor returns [6] Security and User Control - The non-custodial model of XBIT allows users to retain control over their assets, significantly reducing the risk of loss due to exchange failures [8] - Users manage their private keys, ensuring enhanced security and autonomy over their investments [8]

Group 1 - The U.S. stock market closed with mixed results, with the Dow Jones Industrial Average down by 0.1%, the S&P 500 down by 0.03%, and the Nasdaq up by 0.13% [1] - Circle (CRCL.N) experienced a significant increase, rising by 34.2%, while Coinbase (COIN.O) also saw a notable gain of 16% [1] - The Nasdaq Golden Dragon China Index fell by 0.8%, with JD.com (JD.O) down by 2% and Alibaba (BABA.N) down by 1.3% [1]

Core Viewpoint - The warning issued by the UK's Financial Conduct Authority (FCA) regarding high-leverage crypto derivatives has triggered significant reactions in the global cryptocurrency leverage trading market, highlighting vulnerabilities in centralized trading platforms during extreme market conditions [1][3] Group 1: Market Reaction - Following the FCA's warning, the total open interest of USDT perpetual contracts on major platforms dropped by 7.3% within 12 hours, and the market fear index VIX surged by 35% [1] - The U.S. Commodity Futures Trading Commission (CFTC) is closely evaluating the potential impact of similar risks on U.S. investors, raising concerns about cross-regional regulatory scrutiny [1][7] Group 2: Risks of Centralized Platforms - The FCA's warning emphasizes the liquidity exhaustion and flawed liquidation mechanisms of centralized crypto leverage trading platforms during extreme market fluctuations [3] - Centralized platforms often lag in risk control models compared to on-chain price changes, leading users to bear systemic risks [3] Group 3: Emergence of Decentralized Solutions - XBIT's decentralized exchange platform offers on-chain leverage solutions with transparent margin mechanisms and real-time on-chain liquidation features, attracting professional investors seeking to avoid counterparty risks [3] - During a recent extreme market event where Bitcoin dropped by 8%, XBIT's liquidation volume was only about one-fifth of that of centralized platforms, with no liquidation events occurring [3][7] Group 4: Transparency and Risk Management - XBIT's protocol design ensures that the liquidation process is fully transparent and verifiable, allowing anyone to trigger liquidation auctions when collateral rates fall below thresholds [4] - The platform's conservative leverage cap of 10 times is significantly lower than some centralized platforms offering up to 100 times leverage, reflecting a risk management philosophy gaining institutional recognition [5][7] Group 5: Regulatory Implications - The FCA's actions serve as a litmus test, exposing the vulnerabilities of centralized trust models in crypto leverage trading under extreme pressure [7] - The increasing activity on XBIT's decentralized exchange suggests a growing market demand for a truly "risk-visible" trading environment, indicating a potential evolution in the industry to meet regulatory and market challenges [7]