Yushu’s pre-IPO contracts jumped 13.7% to surpass $83, with estimated per-contract profit rising to 198,500 yuan.
Pre-IPO perpetual contracts for Unitree on Trade.xyz have rallied sharply, briefly topping $83 and now trading at $81 (around 547 yuan), marking a 13.7% 24-hour gain. The corresponding post-listing market capitalization is roughly $32.8 billion (about 221.8 billion yuan). Per Unitree’s IPO issue price of 150.8 yuan per share confirmed yesterday, the stock is projected to deliver a 3.63x return for new investors post-opening. Unitree’s STAR Market IPO plans to issue around 40.45 million shares, representing 10% of its total share capital post-issuance. Each lot comprises 500 shares, with an estimated subscription payment of approximately 75,000 yuan per successful application. Based on Trade.xyz’s pricing, 500 shares are valued at 273,500 yuan, translating to a profit of roughly 198,500 yuan after deducting subscription costs.
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Robinhood Chain DEX trading volume has plummeted by 72% from its peak, but its transaction count, total value locked (TVL), and stablecoin supply have all hit all-time highs.
After Robinhood Chain launched, its decentralized exchange (DEX) trading volume plummeted from a peak of roughly $878 million on July 11 to $241 million on August 1, marking a 72.5% drop. However, other core on-chain metrics rose across the board during this period: daily transaction count hit an all-time high of 13.3 million on August 5; total value locked (TVL) reached a record $433 million on August 6, while stablecoin supply also peaked at $597 million. The trading volume decline is not a market-wide trend: over the same period, total global DEX trading volume rose from $5.27 billion to $7.33 billion, while Robinhood Chain’s share of global DEX volume shrank from a peak of 16.65% to 4.32%. This points to a sharp contraction in average transaction value: DEX volume per transaction plummeted 74% from $105.56 on July 13 to $27.82 on August 4, before rebounding slightly to $39.07.
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AAOI’s Q2 revenue surged 86% to $192 million, with a conservative third-quarter outlook.
High-speed optical module manufacturer Applied Optoelectronics (AAOI) released its Q2 FY2026 financial results, reporting revenue of $191.9 million, up 86% year-over-year. The figure slightly beat the market consensus of $190 million, marking the fifth consecutive quarter of record revenue. Adjusted earnings per share (EPS) came in at $0.06, far exceeding the $0.01 expectation; Non-GAAP net profit reached $5.5 million, also well above the $1.7 million forecast. The return to Non-GAAP profitability this quarter is a key milestone for the company.
AAOI’s gross margins declined year-over-year: GAAP gross margin stood at 27.7%, down 2.6 percentage points; Non-GAAP gross margin was 29.8%, down 0.6 percentage points.
The company issued a conservative Q3 guidance: Revenue is projected between $255 million and $290 million, with a midpoint of ~$272.5 million, slightly below the market expectation of ~$278 million. Adjusted EPS guidance ranges from $0.11 to $0.26, significantly lower than the $0.28 consensus; Non-GAAP net profit guidance is $10.1 million to $24 million, below the $25.2 million forecast; Non-GAAP gross margin is expected to be 29% to 30.5%.
AAOI emphasized that market demand remains extremely strong, and will continue to outpace the company’s production capacity through mid-2027, with capacity supply-demand imbalance being the core constraint.
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Hong Kong-listed AI stocks rally, with MINIMAX-W surging over 6%.
According to Bitget market data, Hong Kong-listed AI stocks are rallying: MINIMAX-W surged over 6%, Zhipu rose 3.77%, and GigaDevice gained 5.58%.
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US Senate Delays Vote on CLARITY Act Until September
According to Politico, the U.S. Senate has decided to delay the vote on the Cryptocurrency Market Structure Act (the CLARITY Act) until September. Earlier, crypto journalist Eleanor Terrett reported that all parties involved in the Clarity Act are waiting for the White House to respond to or submit a counter-proposal on the bipartisan ethics amendment. Both parties are concerned that if the vote to end debate fails, it could derail the year-long legislative effort. However, industry groups and internal Republican factions are also pushing to move the process forward before lawmakers adjourn. Additionally, yield-related provisions have emerged as a more prominent point of contention, with an increasing number of lawmakers calling for revisions to the bill text.
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