NAVI Protocol launches Sui’s first curator lending vault, NAVI Prime, with its all-time total value locked (TVL) peak surpassing $1 billion.

Huobi HTX’s "Sixth Master" issued a statement responding to community feedback that some addresses received small transfers from HTX. The platform’s official team has noted the relevant situation and immediately launched an internal verification. It is now confirmed that HTX’s official has not conducted any related transfers or test operations. The specific source and cause of these transfers are under further investigation; multiple possibilities including address tagging and on-chain transfer source identification cannot be ruled out. No speculation will be made until facts are confirmed. Huobi HTX takes issues concerning user account and asset security seriously, and will clarify the matter as soon as possible. Any further confirmed information will be promptly shared with the community to provide users with a clear explanation.

TrendForce released data showing that in Q2 2026, the combined revenue of the world’s top five NAND flash manufacturers reached $68.87 billion, up 77% quarter-on-quarter, driven mainly by surging enterprise SSD demand fueled by AI servers and higher contract prices. Samsung Electronics reported revenue of $23.06 billion, up 70.7% quarter-on-quarter, retaining the top spot, though its market share fell from 31.6% to 29.3% as competitors grew faster. SK Hynix posted revenue of $14.27 billion, up 89.5% quarter-on-quarter, holding second place. Expansion of its 321-layer process and growing demand for high-capacity QLC enterprise SSDs lifted its market share from 17.6% to 18.2%. Micron, with a 99.2% revenue growth rate—the fastest among the top five—generated $11.85 billion in revenue, its market share rising from 13.9% to 15.1% as it overtook Kioxia to claim third place. Kioxia’s revenue stood at $10.72 billion, up 79.9% quarter-on-quarter, with its market share slightly dipping to 13.6%. Sandisk saw revenue growth of only 50.7%, the slowest among the top five, and its market share dropped from 13.9% to 11.4%. TrendForce projected that enterprise SSD demand for AI servers will remain robust in Q3, while major NAND manufacturers are concentrating investments on DRAM and HBM, resulting in limited new NAND supply. The upward price trend is expected to continue driving further growth in the industry’s overall revenue.

Today, leading Chinese quantum precision laser enterprise Pinzhun Laser officially debuted on the STAR Market of the Shanghai Stock Exchange. According to Bitget market data, its IPO price of 186.88 yuan set a new annual high. It closed its first trading session with a 516.44% gain. Calculated based on a standard lot of 500 shares, new investors earned 482,600 yuan in profit on the first day; based on the intraday peak gain of 595.63%, the maximum floating profit per standard lot hit 556,600 yuan, topping the list of the most profitable new shares in China's A-share market history. Pinzhun Laser closed at 1,152 yuan today, joining the ranks of A-share stocks priced above 1,000 yuan. Pinzhun Laser, full name Shanghai Pinzhun Laser Technology Co., Ltd., was established in November 2017. It masters the full-chain precision laser technology covering "seed source + fiber amplification + nonlinear frequency conversion + frequency stabilization", enabling narrow-linewidth, low-noise, high-power laser output across the full wavelength range of 177-5000nm. Its core business is the R&D, production and sales of precision lasers. Its products are mainly used in quantum technology sectors such as quantum computing and quantum precision measurement, as well as semiconductor fields including wafer manufacturing, quality inspection, and stealth dicing. The proceeds from this IPO will be mainly allocated to precision laser system industrialization projects, R&D center construction projects, Wuhan R&D center construction projects, and supplementary working capital. In 2025, the company reported revenue of 418 million yuan and net profit of 151 million yuan. At the initial listing stage, there are 7.6178 million tradable shares with no lock-up period, accounting for 19.04% of total share capital.

Decentralized AI infrastructure project DGrid AI has announced the tokenomics for its DGAI token. The total supply of DGAI is 1 billion tokens, with allocations broken down as follows: 50% reserved for node operators and infrastructure providers; 15% earmarked for ecosystem development, promotional activities, contributor programs, and user incentives; 10% allocated to core contributors; 10% to seed round investors; 8% for airdrops; and 7% for initial liquidity.

According to monitoring by TheDataNerd, a newly created address has just withdrawn 57,000 HYPE tokens from Coinbase, equivalent to approximately $3.36 million.

The Shanghai Intermediate People's Court of China has released a typical judicial case, analyzing the determination of whether "referral personnel" in telecom and online fraud cases involving virtual currencies constitute accomplices to fraud. From February 2022 to April 2023, the defendants, seeking illicit profits, assisted upstream fraud crimes in referral activities—using virtual phone software to lure victims into joining fraud-related groups, ultimately leading to 30 victims being defrauded of a total of over 2.34 million RMB by an overseas fraud organization (currency unit same hereinafter). The overseas fraud organization transferred the funds to the suspects' trading accounts via virtual currencies. The three defendants in this case were convicted of fraud and sentenced to fixed-term imprisonment ranging from 10 to 13 years. The Shanghai No.1 Intermediate People's Court noted that in telecom and online fraud cases, "referral personnel" may, depending on the circumstances, be convicted as accomplices to fraud or the crime of illegal use of information networks. The key lies in determining whether they have formed clear criminal intent communication with the upstream fraud syndicate and whether there is a stable division of labor and collaboration. When determining the criminal liability of "referral personnel" in judicial practice, factors such as their role in the criminal chain, level of organizational management, connections with upstream criminals, profit-making methods, and abnormal behavioral manifestations should be comprehensively considered. A distinction must be made between acts that only provide general network services without forming a fraud conspiracy, and "referral" acts that knowingly participate in the implementation of fraud.