PlanB speaks out against Bitcoin BIP-110: Fork supporters fail to grasp the essence of decentralization.

According to Bloomberg, DeepSeek has announced the suspension of its second round of financing, and has verbally notified some potential investors that it will not sign the investment agreement as scheduled. The suspension is partly rooted in founder Liang Wenfeng’s dissatisfaction over the leak of a transcript of his internal remarks made during the company’s first financing round, where he delivered 52 speeches at investor meetings covering DeepSeek’s organizational culture, open-source logic, technical roadmap, and views on the industry’s competitive landscape. DeepSeek noted that it may still resume the transaction process in the future, and has already begun preparations for an initial public offering (IPO), with the earliest possible filing this year. DeepSeek completed its first external financing round in June 2026, raising over 50 billion yuan (approximately $7.4 billion) at a post-money valuation of around $50–59 billion. The round adopted a special structure: most funds flowed into a limited partnership managed by Liang Wenfeng, investors held no voting rights and faced a 5-year lock-up period, with Liang himself contributing roughly 20 billion yuan as the largest single investor. Participants in the round included Tencent, CATL, JD.com, NetEase, and China’s National AI Fund. DeepSeek subsequently launched discussions for its second financing round in mid-July, targeting a valuation of approximately $71 billion.

DeepSeek announced the suspension of its second round of financing, and has verbally notified some potential investors that it will not sign the investment agreement as scheduled. The suspension is partly due to founder Liang Wenfeng's dissatisfaction with online reports about his remarks to investors during the first financing round. DeepSeek may still choose to resume the transaction process in the future, and has begun preparing for its initial public offering (IPO), which could be filed as early as this year.

An Iranian source said that Iran's Fordow nuclear facility is not only heavily fortified but also "empty", adding that any U.S. attack on Fordow is doomed to fail. The source noted that Trump aims to score political points by striking Iran's Fordow site, though it is widely known that attacking an empty facility only serves to spread disinformation and brings no practical benefits. The official also stated that Iran will respond to such an action in multiple ways, "not limited to large-scale military operations". Earlier on the 22nd, the U.S. notified Israel of its plan to escalate strikes against Iran in the coming days, including the first use of heavy bombers since the U.S. and Israel launched military operations against Iran this year. The heavy bombers are expected to target Iran's Fordow underground nuclear facility. Trump has repeatedly threatened over the past week that he could "soon" strike the region. Located near the Natanz nuclear facility in Isfahan Province, central Iran, Fordow is considered one of Iran's most heavily fortified underground nuclear sites. (Xinhua News Agency)

Citrini analyst Jukan has responded to recent bearish NAND notes and negative rumors about QLC price negotiations circulating in the market. Accepting a price lower than the initial offer when SanDisk signed a long-term agreement (LTA) with Meta is not surprising. As the most active NAND vendor in pursuing LTAs, SanDisk plans to allocate over 50% of its total shipments to such deals. Based on this strategy, it is naturally willing to accept LTA prices lower than current quarterly contract rates, so one cannot infer that "SanDisk cannot seamlessly resell all orders to higher-bidding North American clients." Regarding the rumor that Chinese module manufacturers were rejected when promoting eSSDs to domestic cloud service providers (CSPs), Jukan explained that Chinese CSPs have direct procurement channels from Yangtze Memory Technologies (YMTC) rather than insufficient demand. As for the claim that hyperscale cloud vendors are pressuring down QLC eSSD prices leading to unsold volumes, he noted that new cloud vendors have enough demand to absorb these volumes. Jukan concluded that negative headlines tend to be amplified when storage stocks underperform, but the sector’s fundamentals have not seen substantial deterioration. He reaffirmed his "bullish stance on storage." Earlier, Jukan had stated that DRAM contract prices still have around 40% upside potential by the end of 2027, and HBM supply remains tight. This clarification on the NAND segment further solidifies his bullish outlook for the entire storage space.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.