Changxin Technology Fully Exercises the Over-allotment Option for Its Initial Public Offering

According to an official announcement, Bitget has listed PURR (Hyperliquid Strategies) on its stock contracts. The contract settles in USDT, supports up to 20x leverage, and enables 24/7 trading. As of now, Bitget offers a total of 293 stock perpetual contract underlyings.

According to Sepah News, the official news website of Iran's Revolutionary Guards, Hossein Mohbi, spokesperson for the Guards, commented on the latest situation in the Strait of Hormuz, saying: "The Strait of Hormuz is currently under our control, and there are no enemy warships in the Persian Gulf." He added: "From a military and territorial jurisdiction perspective, no vessel can transit the waterway without Iran’s permission and compliance with its management." Mohbi stated: "The Strait of Hormuz belongs to Iran and Oman, which borders us across the sea. About a month ago, we held negotiations with Oman and reached an outcome acceptable to both sides. During these talks, the two sides agreed on the respective shares of the strait’s waters held by each country, as well as the revenue shares Iran and Oman would receive from it. The United States is interfering in this process, which has delayed the relevant work." He emphasized: "If the United States does not accept our conditions, the Strait of Hormuz will never be opened." (Jinshi)

Avalanche treasury company AVAT has released its Q2 2026 financial results, with its board of directors approving a $10 million Class A common stock repurchase plan. The company completed its business combination on June 11 and began trading on the Nasdaq under the ticker symbol "AVAT". AVAT posted a net loss of $44.7 million in the second quarter, or $1.54 per share. Approximately $35.7 million, or around 80% of the net loss, stemmed from fair value changes, realized losses, and impairments on its AVAX holdings; the business combination generated roughly $15.2 million in one-time transaction costs, while core general and administrative expenses totaled about $3.5 million. As of June 30, AVAT held approximately 15.3 million AVAX, with a carrying value of around $100 million. The company generated $1.5 million in adjusted quarterly revenue from staking its AVAX; staking revenue totaled $3.6 million for the first half of the year, and it will continue to accumulate and deploy AVAX treasury assets going forward.

A Reuters survey shows the S&P 500 is projected to reach 7,900 points by the end of 2026, up from the 7,620-point forecast in the May survey. The Dow Jones Industrial Average is expected to hit 54,500 points by the end of 2026, compared to the 52,500-point projection in the May survey.

Alibaba Group announced the completion of a HK$80 billion new share placement, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at a placement price of HK$112.70 per share. Alibaba plans to use all net proceeds from the placement to strengthen its global AI strategy. Approximately 60% of the funds, or HK$47.871 billion, will be used to expand global computing infrastructure to meet growing customer demand; the remaining roughly 40%, or HK$31.914 billion, will go toward accelerating the construction of large-scale AI data centers. The funds will also be allocated to upgrade traditional cloud infrastructure such as storage, databases, and high-performance networks, supporting Alibaba’s full transition to an Agentic Cloud architecture. The placed shares have not been registered under the U.S. Securities Act of 1933, and are issued and sold solely to certain non-U.S. persons outside the United States in accordance with Regulation S.

At the 2026 Wyoming Blockchain Symposium, CZ stated that Trump mentioned Hyperliquid, adding that Commodity Futures Trading Commission (CFTC) Chairman Mike Selig will explore pathways for the platform to enter the U.S. market. CZ believes that if this development is successfully implemented, it will be a major boon for the entire crypto industry. CZ noted that due to his stake in Binance, he is often perceived as a supporter of centralized exchanges, but his core motivation for entering the crypto space is his belief in decentralization. He pointed out that some users choose Hyperliquid because the platform allows wallet-based access without traditional accounts or KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open the door for perpetual contracts and more decentralized services to enter the U.S. market. He argued that this is not just about Hyperliquid itself. “Hyperliquid is just the cutting edge; once this leading project enters, other projects will follow suit.” The related progress will benefit more decentralized products and their portfolio companies, while also bringing more liquidity to international centralized exchanges, enabling U.S. users to secure more competitive prices when trading crypto assets. CZ said that the crypto market is far from saturated at this stage, so competition between platforms is not a major concern. Hyperliquid’s entry into the U.S. will not only benefit itself but also expand the overall market size of the entire industry. “What is good for them will also be good for us.”