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Dark Side of the Moon (Kimi) has filed confidential documents with the Hong Kong Stock Exchange (HKEX), officially launching its initial public offering (IPO).

2 days ago

Insight Beating AI News Flash: Kimi (Chinese name: Yuezhi Anmian) has submitted the A1 form to the Hong Kong Stock Exchange (HKEX) confidentially this week, officially kicking off its Hong Kong IPO process. The A1 form is one of the official application forms required for companies applying to list on the HKEX. In response to the news, Kimi stated: "We do not comment on market rumors and have no information to disclose at present." Additionally, it is understood that Kimi is advancing a new round of financing at a pre-money valuation of $50 billion, which is very likely its final financing round ahead of the IPO. (Source: LatePost)

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Permissionless on-chain yield protocol Polaris secures $1 million in angel round financing.

Permissionless on-chain yield protocol Polaris has closed a $1 million angel funding round. Backers include institutions such as the Ethereum Foundation, IPOR subsidiary Fusion, Altitude, Liquity, and LI.FI, plus over 30 founders and contributors including Daily Gwei founder Anthony Sassano. Polaris’ core product is interest-bearing reserve asset pETH, with additional offerings USDp and GOLDp, aiming to provide native yield for any on-chain asset.

1 seconds ago

Citigroup adjusts its forecast that the Federal Reserve's rate-cut cycle will start in mid-next year.

Citigroup projects the Federal Reserve will implement 25 basis point rate cuts each in June, September, and December 2027, revising its earlier forecast which had predicted rate cuts in October 2026, December 2026, and January 2027.

1 seconds ago

Meme coins lose steam, Robinhood Chain’s PONS and FATCOIN hit new highs

According to GMGN market data, after the MEME coin craze cooled off, some hot tokens on the Robinhood Chain have rebounded rapidly, with PONS and FATCOIN hitting new highs again tonight. FATCOIN currently has a market capitalization of $20.98 million, posting a 24-hour gain of 509.3%; PONS's market cap briefly surpassed $780 million, and is now at $760 million.

1 seconds ago

Gains in the U.S. stock market's AI sector widened, with CPO concept stocks leading the rally.

After the US stock market opened, gains in the AI sector expanded, with CPO-related stocks leading the rally. According to market data from BIT (bit.com), COHR rose more than 6%, MRVL gained 3.95%, and AAOI increased by 4.08%. In the equipment manufacturing sector, LRCX climbed 5.04% and ASML advanced 4.25%. For chip stocks, Micron Technology rose 3.88%, while SK Hynix’s US-listed shares gained 3.58%.

1 seconds ago

Institutional View: Next week’s CPI will determine whether the Federal Reserve acts; Warsh needs to maintain credibility.

IFM Investors portfolio manager Ryan Weldon said August’s non-farm payrolls data will keep the Federal Reserve and markets fully focused on next week’s inflation figures, potentially giving the Fed more room to raise interest rates. If inflation does not show a convincing decline, the Fed will need to take action to preserve the credibility the market has given Walsh after his hawkish remarks at Jackson Hole.

1 seconds ago

Hassett: Inflation is under control, and the Federal Reserve's independence should be respected.

Kevin Hassett, Director of the White House National Economic Council, stated that raising interest rates is an option that remains on the table as widely perceived. Inflation has been brought under control, but the U.S. administration respects the Federal Reserve’s independence and is making every effort to lower prices.

1 seconds ago

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