The top-ranked address linked to the "Niulai" project has started offloading, conducting a short-term sell-off of tokens worth around $112,000.

The Hong Kong Securities and Futures Commission (SFC) said it welcomes today’s announcement by the National Administration of Financial Regulation (NAFR) that it actively supports mainland insurance funds’ participation in the mutual market access between the mainland and Hong Kong, and backs mainland insurance institutions in investing in Hong Kong Exchange-Traded Funds (ETFs) via the Shanghai-Shenzhen-Hong Kong Stock Connect. This policy will further enrich the options for mainland insurance institutions to allocate overseas assets via Hong Kong, reflecting the NAFR’s support for continuously deepening financial mutual market access between the mainland and Hong Kong. Dr. Wesley Wong, Chairman of the Hong Kong SFC, stated: “We sincerely thank the National Administration of Financial Regulation for its long-standing firm support for the development of Hong Kong’s capital market and the deepening of financial mutual market access between the mainland and Hong Kong. This new policy broadens diversified channels for mainland insurance funds to allocate overseas assets, demonstrates the country’s resolve to deepen high-level financial opening-up, and also reflects the central government’s support for continuous deepening of financial cooperation between the two sides. We firmly believe that the relevant arrangements will further promote the coordinated development of the two regions’ capital markets.”

Xiaomi Group has released its second quarter 2026 financial report. Revenue for Q2 2026 reached 108.9 billion yuan, a 6.1% year-on-year decline from 115.96 billion yuan in the same period last year. Adjusted net profit stood at 6.219 billion yuan, down 42.6% year-on-year. For the first half of 2026, adjusted net profit totaled 12.291 billion yuan, falling 42.8% year-on-year, while revenue hit 208.063 billion yuan, an 8.4% year-on-year decrease.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest short address for CXMT has paid $3.96 million in funding fees for its short position, currently holding a $24.77 million short order. The estimated daily funding fee payment is $460,000, with accumulated unrealized losses approaching $10 million. If CXMT’s stock price remains sideways and funding rates stay unchanged, its over $20 million in margin will be depleted in approximately 45.5 days. Its liquidation price stands at $15.466.

According to market data from BIT (bit.com), the US pre-market optical communication sector has slumped sharply, with: Roundhill Optical Module ETF (LYTE) down 4.3%, Pure Photonics ETF (FOTO) down 4.2%, Corning (GLW) down 4.48%, Coherent (COHR) down 5.76%, Marvell Technology (MRVL) down 4.7%, Lumentum Holdings (LITE) down 4.52%, and Ciena Corporation (CIEN) down 3.2%.

Baidu Group released its second-quarter financial results, reporting revenue of 31.33 billion yuan, below the consensus estimate of 31.59 billion yuan. Core AI new business revenue hit 12.5 billion yuan in Q2, while adjusted earnings per ADS stood at 7.22 yuan, missing the forecast of 9.75 yuan. Baidu said it is advancing the conversion to a primary dual listing in Hong Kong, with the process expected to take effect within the year. According to market data from BIT (bit.com), Baidu’s US-listed shares fell more than 5% in pre-market trading.

According to monitoring by TradingBeats (formerly Hyperinsight), the original top-ranked address for the meme coin "Niu Lai" has halted selling, with no further activity in the past 12 minutes. Its total sold volume is locked at approximately $360,000 worth of tokens, while it still holds tokens valued at $474,000. Following the sell-off, its holding proportion dropped to 1.25%, causing it to lose the top spot and fall to fifth place. The top four addresses by current holdings have not engaged in any selling activity since "Niu Lai" was listed on Binance Alpha. Per GMGN market data, the meme coin "Niu Lai" currently maintains a market cap of $38 million, with a 24-hour trading volume of $32 million. BlockBeats reminds users that most meme coins have no real-world use cases, experience significant price volatility, and caution is advised for investments.