Gates' equity assets have surpassed $200 million.
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SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
Xingchen New Energy has completed its third round of financing of nearly 500 million yuan, officially launching its Pre-IPO financing process.
According to Mars Finance, Xingchen New Energy recently completed its third round of financing, raising nearly 500 million RMB. Investors in this round include Shaoxing Xinghui, CITIC Securities Capital, Sichuan Green, Eastmoney Investment, ICBC Capital, Changshi Investment, and Ace Energy, among others. This marks Xingchen New Energy's second major investment from the capital market, following its over 300 million RMB financing round last year. With this latest round of financing, the company has officially begun its Pre-IPO financing process.
Robinhood's Meme token CASHCAT has surpassed a market capitalization of $45 million, surging over 370% in 24 hours.
According to BlockBeats, on July 8th, GMGN monitoring showed that the market capitalization of Robinhood's on-chain meme token CASHCAT surpassed $45 million, a 24-hour increase of over 370%. The early mascot of Robinhood's US stock app was CASHCAT, later renamed Robinhood. On July 1st of this year, Robinhood launched its own L2 public chain, Robinhood Chain, focusing on on-chain finance and RWA. BlockBeats reminds users that meme tokens often have little intrinsic value and their prices are highly volatile; trading should be approached with caution.
Sources indicate that Saudi Arabia plans to expand its oil pipeline along the Red Sea, bypassing the Strait of Hormuz and increasing its daily transport capacity by 2 million barrels.
According to five sources familiar with the Odaily, Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the west coast of the Red Sea, enabling Saudi Arabia and its neighbors to transport more oil without passing through the Strait of Hormuz. Built in the early 1980s, this east-west pipeline has become increasingly strategically important since the outbreak of the Iran-Iraq War in February and the disruption of shipping through the Strait of Hormuz. The pipeline can transport up to 7 million barrels of crude oil per day to the Red Sea port of Yanbu. In May, the CEO of Saudi Aramco stated that approximately 2 million barrels would supply refineries on the west coast, and about 5 million barrels would be exported. Sources say that Saudi Arabia is in preliminary discussions with some neighboring countries regarding pipeline expansion, planning to add approximately 2 million barrels of pipeline capacity per day. It is unclear whether Aramco's planned expansion involves upgrading existing infrastructure or building a new pipeline. One source said the expansion plan also includes a smaller refined oil pipeline. Two sources said the expansion could be between 1 million and 2 million barrels per day, with refined oil products also under consideration. Another source indicated that the project would take several years, cost billions of dollars, and require adjustments to Saudi Arabia's crude oil pricing mechanism. (Jinshi)
USDD Releases June Transparency Report: Smart Allocator Cumulative Returns Exceed $20 Million, Profit Strategies Continue to Diversify
ChainCatcher reports that the decentralized stablecoin USDD has officially released its June Transparency Report. Data shows that as of the end of June, USDD's total collateralized assets reached $2.03 billion, with a peak circulating supply of $1.42 billion during the month. The overcollateralization ratio at the end of the month was 149.35%, demonstrating strong stability and risk buffering capabilities. Additionally, Smart Allocator generated $216,000 in new earnings during the month, bringing its cumulative earnings to $21.29 million. Regarding ecosystem progress, Morpho successfully launched on the PT-sUSDD market and has integrated with Singularry AI; sUSDD's TVL on the Pendle market surpassed $30 million. These key data points and significant ecosystem advancements demonstrate USDD's continued commitment to strengthening stability and improving capital efficiency, further solidifying its position in the decentralized stablecoin market. The official USDD statement indicates that it will continue to enrich its vault product line and deepen its integration with the DeFi ecosystem, building the most trustworthy stablecoin infrastructure.
Top Pentagon AI Official Sold Millions in Perplexity Stock, Disclosures Show
Emil Michael's latest financial filings show a summer exit from Perplexity, months after a January sale of xAI stock that reportedly netted him up to $24 million.