According to Bijie.com, Suiyuan Technology's IPO on the Science and Technology Innovation Board has been approved by the listing committee, with a planned fundraising of 6 billion yuan. Suiyuan Technology focuses on cloud-based AI training and inference chips, and has developed its own GCU architecture. It has iterated multiple generations of AI accelerator cards, intelligent computing clusters, and supporting software platforms, primarily serving large-scale model training, cloud computing, and intelligent computing centers. It is a core supplier to Tencent, the largest shareholder with approximately 20% ownership. Besides Suiyuan Technology, the other three of China's four leading domestic GPU manufacturers are Moore Threads, Muxi Technology, and Biren Technology.

According to Onchain Lens monitoring, as reported by Odaily Planet Daily, a newly created wallet received a total of 85,000 HYPE tokens from Bybit in the past three days, worth $5.6 million.

Odaily Planet Daily reports that the US-Iran peace agreement is set to be formally signed this Friday, marking a major turning point for global markets. Hedge funds are rapidly withdrawing from safe-haven assets and shifting their focus to oversold Asian stocks, US Treasuries, and the consumer sector, aiming to replicate the profit logic of the pre-war market. Currently, global hedge fund managers are revisiting their "pre-war script," attempting to capture the first round of premiums after inflation declines. In the bond market, hedge funds are actively betting on a "hawkish shift" by the Federal Reserve. Florida-based Grey Value Management and Singapore-based Reed Capital are both bullish on short-term US Treasuries. Analysts believe that due to the decline in oil prices easing cost inflation, traders are significantly reducing their bets on Fed rate hikes. Currently, the two-year US Treasury yield has fallen significantly, and compared to long-term bonds, the release of its safe-haven premium provides a more stable investment value. (Financialpost)

According to CoinWorld, JPMorgan Chase maintained its overweight rating on Zhipu AI in a research report, while downgrading its competitor MiniMax to neutral. The report noted that Zhipu has performed exceptionally well in China's generative AI field, with its GLM-5 series of large models demonstrating pricing power and leading to price increases. In contrast, MiniMax has failed to demonstrate equal pricing power in the code and language model areas, opting instead to shift its positioning towards general-purpose tools encompassing video generation and consumer applications. JPMorgan Chase emphasized that Zhipu possesses clearer model visibility and pricing advantages in a highly competitive market. At the close of trading in Hong Kong, Zhipu's stock rose over 32.5%, while MiniMax-W rose 6.7%.

According to Odaily Planet Daily, on-chain analyst Ai Yi monitored that while gold prices fell 6.7% in a month, address 0x34F…bEe46 withdrew 1,661 XAUT tokens from OKX, worth $7.15 million. XAUT has now become its top asset holding.