News

12:00 (UTC+8) - 21:00 Keywords: StarkWare, Strategy, Polkadot, BitMine 1. Israeli Prime Minister: Ceasefire with Iran may end soon 2. StarkWare will lay off employees and restructure into two major business units 3. Strategy spent about $1 billion last week to purchase 13,927 Bitcoins 4. CoinShares: Last week, digital asset investment products saw an inflow of $1.1 billion 5. The Polkadot cross-chain bridge was attacked; 1 billion DOT were maliciously minted and dumped onto the market 6. The US military will impose a blockade in the Arabian Sea east of the Gulf of Oman and the Strait of Hormuz 7. BitMine increased its holdings by over 71,000 ETH last week, and its total holdings now exceed 4% of the total supply

Jinse Finance reported that US mining company Foundry (a subsidiary of Digital Currency Group) has officially launched a new mining pool business based on Zcash. The company currently holds about 31% of the hash rate share in the Bitcoin mining pool market. This move is seen as a significant endorsement of privacy coins. It is reported that the initiative stems from growing institutional investor interest in privacy coins, and it is expected that institutional miners, including several publicly listed mining companies, will allocate a portion of their hash power to the Zcash network.

According to ChainCatcher, today Bitget, together with media outlet Rhythm, held an online livestream themed "In conversation with Bitget executives: A comprehensive breakdown of the SpaceX ticket—from capital privilege to mass sharing," where they systematically explained the product mechanism of IPO Prime and preSPAX. Ken, the product lead for Bitget IPO Prime, stated that IPO Prime is not a traditional "token launch," but rather leverages digital tokens issued by the regulated issuer Republic to transform high-threshold, low-liquidity primary market non-standard assets into digital products that are tradable, liquid, and have clear pricing and exit opportunities. Ken pointed out that Pre-IPO opportunities have long been scarce, not only because of the high quality of these assets, but also due to the inherent high entry barriers, exclusivity, and low liquidity in the primary market. Bitget launched IPO Prime precisely with the hope of providing users the chance to access potential economic returns of unicorn companies before their IPOs, under a compliant framework and through clearer product design and trading mechanisms. The first launched preSPAX is a significant attempt in this direction, focusing on providing users with more flexible and tradable participation paths.