HashKey Exchange即将上线Morpho(MORPHO)
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Data: Total investment and funding in the crypto market reached $898 million in June, with infrastructure and DeFi leading the way.
According to ChainCatcher and RootData's funding data, 42 investment, financing, and M&A events were disclosed in the primary crypto market in June 2026, with a total funding amount of approximately $898 million, a decrease of 60.5% month-over-month and 67.3% year-over-year. There were also 15 M&A events, with a disclosed amount of approximately $305 million. Overall, funds continued to flow concentratedly into infrastructure, DeFi, and CeFi, institutional capital markets, on-chain lending, derivatives trading, and stablecoin payments/settlement as the main growth drivers. DeFi was the most active sector this month, completing 18 investment, financing, and M&A events with a disclosed amount of approximately $330 million. Morpho completed a $175 million funding round, becoming the largest funding project in the DeFi sector this month; Fomo completed a $75 million Series B funding round, indicating that on-chain transactions and consumer-level entry points remain attractive. The infrastructure sector saw 13 deals, disclosing approximately $453 million, ranking first in terms of amount. Projects such as Digital Asset, Ornn, and Trace Finance received funding for institutional-grade capital markets, the financialization of AI computing power, and stablecoin settlement infrastructure, respectively. CeFi saw 12 deals, with fewer non-M&A financings, but M&A and institutional trading services performed strongly. SBI Holdings acquired the Japanese crypto exchage Bitbank for approximately $289 million, becoming the largest M&A deal this month; SignalPlus completed a $50 million Series B1 funding round, and EDGE Markets completed a $29.2 million Series A funding round, indicating that institutional-grade trading, derivatives, and compliant financial services remain key areas of capital investment. The top five projects this month totaled approximately $944 million, accounting for about 76% of the total disclosed amount. The top three projects in terms of funding and M&A amount were: Digital Asset (US$355 million), an institutional-grade crypto exchage infrastructure company; Bitbank (US$289 million, acquired); and Morpho (US$175 million), an on-chain lending protocol. In terms of investment institutions, Coinbase Ventures, a16z, Pantera Capital, CoinFund, Paradigm, Animoca Brands, and HashKey Capital remained active, with leading capital firms favoring projects with clear institutional clients, compliance pathways, and real-world use cases.
22 companies filed for Hong Kong Stock Exchange listings in one week: AI semiconductor supply chain dominates the headlines, with star companies like Avita among them.
Mars Finance reported on July 5th that, according to disclosures by the Hong Kong Stock Exchange (HKEX), from June 29th to July 4th, a total of 22 companies submitted IPO prospectuses to the HKEX, including Shengwei Times, Liante Technology, Shengjing Network, Yangtuo Holdings Inc., Longxun Semiconductor, Haote Energy Saving, Tongao Testing, Daotong Technology, Keli Limited, Avita, Wubo Technology, Jiaxuan Intelligent, Oulin Biotechnology, Yuanhai International, Silicon-based Flow, Huaneng Design Institute, Senyi Intelligent, Joint Stock Company National Company Kazakhstan Temir Zholy, Liding Semiconductor, Jingze Biotechnology, Hongxinyu, and Jingwang Electronics. Among the 22 companies that submitted their prospectuses, 5 A-share listed companies simultaneously applied to the HKEX, triggering a new wave of "A+H" dual listings. Among them, Jingwang Electronics leads with a market capitalization of 70.949 billion yuan. This leading PCB manufacturer's revenue exceeded 10 billion yuan each year from 2023 to 2025, with a compound annual growth rate of 46% in profits over three years. The company has significant related-party transactions with Luxshare Precision, and the demand for PCBs driven by AI computing power is its core growth logic. Liante Technology is a leading optical module manufacturer from Wuhan and one of the few global suppliers with vertical integration capabilities for 800G/1.6T optical modules, with a latest market capitalization of 38.764 billion yuan. Daotong Technology, Orin Biotech, and Longxun Semiconductor are from the automotive intelligent diagnostics, human vaccines, and high-speed video chips sub-sectors, respectively, and are all star companies on the Science and Technology Innovation Board, with latest market capitalizations of 17.418 billion yuan, 17.319 billion yuan, and 11.562 billion yuan, respectively. All three companies appeared as "spin-off subsidiaries." Wubo Technology is a smart logistics supply chain service provider for ferrous bulk commodities under Yankuang Energy. Based on 2025 Gross Transaction Value (GTV), it is the largest smart logistics platform in China's steel and metallurgical industry. Tongao Testing, spun off from the Hong Kong-listed Anton Oilfield Services, ranks second among professional testing institutions in China's oil and gas industry's integrated TIC solutions market and is a leading independent oil and gas testing TIC service provider. Liding Semiconductor, backed by global PCB leader Zhen Ding-KY, mainly produces high-end IC substrates such as FCBGA and FCCSP. Based on 2025 revenue, it ranks third among IC substrate manufacturers in mainland China. Of the 22 companies, AI and semiconductor-related companies account for nearly half. From upstream chip design (Longxun Semiconductor), memory (Hongxinyu), and IC substrates (Liding Semiconductor), to midstream optical modules (Liantech) and PCBs (Jingwang Electronics), and then to AI infrastructure (Silicon-based Flow), the entire AI industry chain is represented. Among them, Silicon-based Flow has applied for listing under the Hong Kong Stock Exchange's Chapter 18C Special Technology Companies Rules. Established only 34 months ago, its valuation has increased more than 33 times in three years, reaching a latest valuation of 7.74 billion yuan. Alibaba, Huawei, Meituan, and Innovation Works are all shareholders. This time, it aims to become the first "AI Token Factory" listed in Hong Kong. Hongxinyu's revenue exceeded US$1 billion and net profit exceeded US$500 million in the first four months of 2026, representing a more than 30-fold increase in net profit. Based on 2025 revenue, it will be the fifth largest independent memory manufacturer globally and the second largest in mainland China. Multiple high-profile targets from various sectors are simultaneously emerging. In the new energy sector, Avita is a rare Hong Kong IPO target in the domestic high-end new energy vehicle field. The company is jointly established by Changan Automobile, CATL, and Huawei. It achieved operating revenue of 5.645 billion yuan, 15.2 billion yuan, and 25.6 billion yuan in 2023, 2024, and 2025 respectively, achieving a leapfrog growth in revenue over three years; however, its losses are also increasing, accumulating to approximately 11.2 billion yuan over three years. In the AI healthcare field, Senyi Intelligent, as China's largest provider of intelligent hospital healthcare solutions, has served over 800 hospitals. Its shareholders include Tencent, Sequoia Capital, and IDG. Meanwhile, Kazakhstan Railways, controlled by Kazakhstan's sovereign wealth fund, is a state-owned transportation and logistics giant operating a vital land transport corridor connecting Central Asia with China and Europe. Its IPO in Hong Kong, as a key infrastructure company in a Belt and Road Initiative country, has attracted widespread market attention. (Science and Technology Treasure News)
Standard Chartered initiated coverage of Morpho with a target price of $60.
According to BlockBeats, on July 1st, Standard Chartered Bank issued its first rating for Morpho, predicting that the project's token price will increase 33 times to $60 by the end of 2030, mainly due to the entry of tokenized traditional financial assets into DeFi.
Will China Resources New Energy complete its merger and reorganization to jointly pursue a Shenzhen Stock Exchange listing? China Government-Enterprise Cooperation Fund responds.
Mars Finance reported on July 8th that China Government-Enterprise Cooperation Investment Fund Co., Ltd. (hereinafter referred to as "China Government-Enterprise Cooperation Fund") recently issued a statement saying that the company has noticed a false report circulating online titled "China Resources New Energy Holdings Co., Ltd. and China Government-Enterprise Cooperation Investment Fund Co., Ltd. Complete Merger and Acquisition to Jointly Pursue Listing on the Shenzhen Stock Exchange." The report is entirely false information and seriously contradicts the company's actual situation. According to China Government-Enterprise Cooperation Fund, since its establishment, all of its business activities have strictly complied with national laws, regulations, and regulatory requirements, and it has never conducted or authorized any entity to conduct any activities mentioned in the aforementioned false report. The company is not currently planning any mergers and acquisitions, restructuring, listing applications, or other capital operations, nor has it formulated any corresponding implementation plans. China Government-Enterprise Cooperation Fund also stated that it reserves the right to pursue legal action against any entity that forges or alters the company's seals, business licenses, or authorization documents, or impersonates the company or its employees to release false information, engage in fraud, or commit any other illegal acts that infringe upon the company's legitimate rights and interests. (Wide Angle Observation)
EVAA Protocol has released a teaser for its AI Agent, sparking community speculation that it may bring a brand-new AI interactive experience to TON DeFi.
BlockBeats reported on July 8th that EVAA Protocol, a lending protocol within the TON ecosystem, released its first teaser video for its AI Agent, announcing its upcoming launch and inviting the community to guess its core functions. Those who guess correctly will have a chance to win rewards. The official video clip shows messages such as "Connecting to TON network" and "Liquidity synced," and displays the product deployment progress in the format "Deploying EVAA_AGENT.exe," sparking community speculation. The product may revolve around AI-driven DeFi interactions within the Telegram ecosystem. Whether it will involve liquidity management, lending optimization, or other functions remains to be officially announced. EVAA Protocol is one of the leading DeFi lending protocols within the TON ecosystem, committed to providing users with secure and efficient decentralized lending and liquidity services. With the continued development of Telegram and the TON ecosystem, EVAA is constantly expanding the integration of AI and DeFi. EVAA Protocol's signal regarding its AI Agent not only leaves room for speculation about product iterations but also raises market expectations for how AI will further lower the barriers to entry in DeFi and reshape the on-chain asset management experience. On June 9th, The Open Network community voted to rename the network's native token from Toncoin to Gram, and the token code will also be changed from TON to GRAM.
STRATEGY breaks the myth of "never selling coins," Huobi HTX will conduct a live broadcast to discuss the future direction of institutional holdings.
According to Mars Finance, Huobi HTX will host a live debate today at 8:00 PM (UTC+8) titled "STRATEGY's 'Never Sell' Promise Broken: Where is Institutional Holding Model Heading?" Shouyi, MaoMaoJie, WangFugui, and DeFiSniper will represent the affirmative side, while 0824, MoCheng, Nika, and DaiDai will represent the negative side. The two sides will engage in in-depth discussions on key issues such as why institutions are adjusting their holding strategies and how market liquidity will evolve, jointly analyzing the new changes and trends in the crypto market.