Tether burned 2.5 billion USDT on Ethereum in a single day, the largest single-day destruction since February.
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"Kuaizao Technology" completes 1 billion yuan financing, the largest single financing in the primary market for consumer-grade 3D printing.
36Kr has exclusively learned that Snapmaker, a consumer-grade 3D printing company, recently completed a new round of financing totaling 1 billion yuan. This round was led by Cathay Capital, with participation from TAL Education Group's strategic investors. Existing shareholders, including Meituan Strategic Investors, Meituan Dragon Ball, Hillhouse Capital, and Shunwei Capital, significantly oversubscribed. Gaohu Capital served as the exclusive financial advisor. This is one of the largest single financing rounds in the consumer hardware sector since 2025, and also the largest single financing round in the primary market for consumer-grade 3D printing in the past two years.
Sources indicate that SK Hynix will close its $28 billion ADR book-building process on Wednesday due to oversubscription.
According to Mars Finance, an insider revealed that SK Hynix will close the book-building process for its $28 billion American Depositary Receipts (ADRs) on Wednesday (US time), as subscription orders have been oversubscribed several times. The source stated that this offering by the South Korean chipmaker is one of the largest IPOs in history globally. Its underwriters have informed investors that the book-building will close at 4 p.m. Eastern Time, pricing guidance will be released after the close of the South Korean stock market on Thursday, and the allocation results will be finalized later on Thursday (US time). SK Hynix previously stated in a filing that it would determine the final price of its ADRs on Thursday and begin trading on Nasdaq on July 10. The source said that US investors submitted large orders, with minimum orders around $200 million and some exceeding $1 billion. (Cailian Press)
Data: The US SOL spot ETF saw a total net inflow of $1.672 million in a single day.
According to Mars Finance, SoSoValue data shows that the SOL spot ETF saw a net inflow of $1.672 million in a single day. Yesterday, only the Fidelity Solana Fund ETF (FSOL) saw a net inflow, with a single-day net inflow of $1.672 million, bringing its total historical net inflow to $196 million. As of press time, the SOL spot ETF has a total net asset value of $950 million, a net asset value ratio of 2.01%, and a cumulative historical net inflow of $1.145 billion.
XRP ETFs Extend Inflow Streak to 9 Days, Pulling In $1.6 Billion Since Launch
Spot XRP funds have drawn inflows for nine straight days, reaching $1.6 billion in cumulative net inflows even as the token's price cools.
Russia's Sberbank Sees $46 Billion in Crypto Trading, Plans Ethereum and USDT-Backed Loans
Deputy Chairman Anatoly Popov told state media that trading could hit 4 trillion rubles in its first year, as the bank prepares to broaden crypto-backed lending once regulators sign off.
Bitcoin ETFs Snap Nine-Day Inflow Streak as Ethereum Funds Extend Their Run
Spot Bitcoin ETFs shed $201.9 million on Aug. 28, ending a nine-day inflow run, even as Ethereum funds extended a 10-day streak with fresh cash.