Subscribing to new shares of Changxin has generated massive profits for public and private funds, with E Fund’s floating profit exceeding 6.8 billion yuan.

Pre-market key news for U.S. stocks as follows: 1. Rocket Lab (RKLB.O) secures a $266 million missile defense contract with the U.S. Space Force. 2. AMD (AMD.O) will build an artificial intelligence research center in South Korea and develop an open AI infrastructure ecosystem. 3. Apple (AAPL.O)’s system status page shows it has resolved outages affecting all impacted services, including the App Store. 4. Nvidia (NVDA.O): To form an open-source AI alliance with partners, it will launch the NOOA open-source project on GitHub, aimed at advancing AI security development. 5. Sources familiar with the matter said Nvidia (NVDA.O) is in talks to provide approximately $250 billion in financial guarantees for OpenAI’s Ohio data center project. 6. Dutch biotech company Argenx SE (ARGX.O) has agreed to acquire clinical-stage biopharmaceutical firm Forte Biosciences (FBRX.O) for around $2.2 billion in cash, to expand its immunology drug portfolio. 7. South Korean conglomerates have reached agreements with global tech giants including Nvidia (NVDA.O) to carry out a series of collaborative projects totaling $950 billion. 8. Strategy has not increased its Bitcoin holdings for three consecutive weeks, bringing its U.S. dollar reserves to $3.75 billion. 9. Bitmine added 9,946 ETH to its holdings last week, bringing its total position to 5.7874 million ETH.

Elon Musk told The Economist in an interview that artificial intelligence (AI) could exceed the combined intelligence of all humans in roughly five years, adding that Chinese AI firms "very likely" will become global leaders in the future. Musk noted that if Chinese AI companies gain access to massive computing resources, their technological development could accelerate further. He pointed out that China currently has a clear advantage in power supply, while the core bottleneck for AI development is shifting from chips to power and cooling capacity. Musk added that China’s power generation has already surpassed the total of the United States, Europe, and India, and could even reach several times that of the U.S. in the future. He argued that U.S. export controls to restrict China’s AI development have limited effect, and if China resolves issues related to advanced chips and lithography technology, the global AI competitive landscape could shift further. In addition, Musk predicted that AI will first impact digital jobs such as software roles, and AI’s programming capabilities could surpass 99% of software engineers in the future. However, he believes that the productivity gains from AI could drive society to shift from universal basic income to universal high income, with work increasingly centered on hobbies and social activities.

Hyperliquid Policy Center (HPC) disclosed that it has jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) with Multicoin Capital, supporting the agency’s proposed regulatory framework for prediction markets. The two parties emphasized that prediction markets should be uniformly regulated by the CFTC as the sole federal regulator, rather than overseen separately by individual states under their respective gambling rules, to prevent market fragmentation. HPC and Multicoin hold that event contracts matched on trading platforms are fundamentally distinct from traditional gambling, so the former should be incorporated into the financial market regulatory system. The comment letter recommends the CFTC further clarify review standards for event contracts, including adopting a judgment approach based on contract settlement outcomes, and publicly disclose the specific rationale behind each review decision—measures aimed at boosting regulatory transparency and providing stable expectations for market participants. Hyperliquid added that its platform already supports trading of result-based on-chain contracts; since related markets launched in May, they have grown rapidly, with open interest recently hitting an all-time high, and all positions are settled via on-chain collateral. The two sides argue that a clear, technologically neutral federal regulatory framework will advance the compliant development of on-chain prediction markets and derivative markets.

According to public market data, Kong Jianping, founder and chairman of Nano Labs, indirectly holds approximately 18.982 million shares of Changxin Technology via Yifang Changda Fund. Kong’s subscribed capital contribution to the fund is 21.34 million yuan. Calculated based on Changxin Technology’s opening price of 49.5 yuan per share today, the market value of his indirect holdings is roughly 940 million yuan, about 44 times his subscribed capital contribution.

According to market data from BIT (bit.com), U.S. stocks STRC rose over 2% in pre-market trading, while MSTR climbed 2.31% pre-market. On the news front, Strategy did not add to its Bitcoin holdings last week. Its U.S. dollar reserves rose to $3.75 billion, an increase of $525 million, and it spent $25 million repurchasing STRC shares. The firm has now gone three consecutive weeks without adding to its Bitcoin holdings. Meanwhile, its U.S. dollar reserves have risen by $1.2 billion through measures such as selling MSTR stock, bringing its current U.S. dollar reserves to $3.75 billion.

Bitmine announced it purchased an additional 9,946 Ether (ETH) last week. As of July 26, the company’s cumulative ETH holdings reached 5.7874 million, accounting for roughly 4.8% of Ethereum’s total circulating supply. Additionally, Bitmine currently has 4.9172 million ETH staked, valued at approximately $9.6 billion based on current prices. The firm disclosed that its total value of crypto assets, cash and securities amounts to $11.8 billion.