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Hong Kong stocks closed, with Zhipu plunging over 13% and MINIMAX-W falling more than 4%.

1 hours ago

According to Bitget market data, Hong Kong stocks closed with the Hang Seng Index up 0.07%, while the Hang Seng Tech Index fell 0.9%. The two leading large model stocks both retreated: Zhipu AI dropped over 13%, and MINIMAX-W fell more than 4%.

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The largest on-chain short seller of Changxin has paid $3.96 million in funding fees for its short position, with daily rate losses hitting as high as $460,000.

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.

7 minutes ago

Optical communications sector slumps sharply in U.S. pre-market trading, with COHR and MRVL down around 5%.

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%.

7 minutes ago

Baidu’s Q2 earnings missed expectations, with its shares falling over 5% in pre-market trading, as the company advances the conversion to a dual primary listing in Hong Kong.

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.

7 minutes ago

The address that was once the top-ranked holder of the "Niu Lai" crypto asset has suspended selling and fallen to fifth place, with the four leading addresses all holding firm currently.

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.

7 minutes ago

Token Niu Lai briefly breaks through a $50 million market cap, hitting a new all-time high, with short-term gains of over 68%.

Per GMGN market data, after listing on Binance Alpha, the meme coin "Niu Lai" briefly crossed the $50 million market cap threshold, hitting a new all-time high, with a short-term rally of over 68%. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and investors should exercise caution.

7 minutes ago

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

According to monitoring by TradingBeats (formerly Hyperinsight), the top-ranked address on the "Niu Lai" list began selling off the Meme coin after it was listed on Binance Alpha, dumping approximately $112,000 worth of tokens in a short period and continuing to sell. Additionally, the second and third-ranked addresses for "Niu Lai" have not shown any unusual activity. Per GMGN market data, the Meme coin "Niu Lai" currently has a market cap of $38 million. BlockBeats reminds users that most Meme coins lack real-world use cases, are highly volatile, and require cautious investment.

7 minutes ago

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