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Secret will be migrating to Arbitrum, and a one-time snapshot of SCRT holdings will be taken on September 1st.
Foresight News , Secret Network, the privacy public chain within the Cosmos ecosystem, has announced a partnership with Arbitrum, with its token SCRT planned to migrate to the Arbitrum network. Secret will conduct a one-time snapshot of SCRT holdings on September 1, 2026. Following the snapshot, a new ERC-20 version of SCRT will be issued on Arbitrum, which holders can claim using Merkle root proofs. No prior asset deposit is required, and there is no deadline for claiming. The snapshot covers native SCRT and staked SCRT (including those being unbound), but excludes sSCRT, SCRT held in contracts or liquidity pools, and cross-chain tokens. Users must convert these back to native SCRT or staked SCRT before September 1st. In addition, the team proposed lowering the SCRT inflation rate from 9% to 5%, and stated that once approved by the community governance vote, SCRT Labs will cease maintaining the Secret Network and open-source all its code under a permissive license. This proposal is currently still pending on-chain governance confirmation.
Weijian International Holdings Group Limited submits its listing application to the Hong Kong Stock Exchange.
Mars Finance reported on June 25th that, according to Hong Kong Stock Exchange filings, Weijian International Holdings Group Limited has submitted a listing application to the Hong Kong Stock Exchange, with CICC and SPDB International acting as joint sponsors. (Science and Technology Treasure Broadcast)
The computing chip concept stocks fluctuated and strengthened, with VeriSilicon Holdings Co., Ltd. rising more than 10% to a new all-time high.
Mars Finance reports that the computing power chip concept stocks are trending upwards, with VeriSilicon Holdings Co., Ltd. surging over 10% to a new all-time high. Other stocks such as Hygon Technology, Tianpu Semiconductor, Cambricon Technologies, ASR Microelectronics, and Dongxin Semiconductor also saw gains. This surge is attributed to the China Academy of Information and Communications Technology (CAICT), which, together with several core units across the industry chain, launched the "Computing Power Token Overseas Ecosystem Plan." Previously, Zhong Zhihong, Chief Engineer of the Ministry of Industry and Information Technology (MIIT), stated that it is necessary to maintain a moderately forward-looking approach, strengthen new infrastructure, and enhance the planning and construction of next-generation communication networks and computing power networks. (Cailian Press)
Xinlian Advanced Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. has increased its capital to 2.68 billion yuan, an increase of approximately 26,654%.
Mars Finance reported on July 3rd that, according to Tianyancha, Xinlian Advanced Integrated Circuit Manufacturing (Shaoxing) Co., Ltd. recently underwent an industrial and commercial registration change, with Shaoxing Keqiao Xinhe Advanced Integrated Circuit Venture Capital Fund Partnership (Limited Partnership) becoming a new shareholder. Simultaneously, its registered capital increased from 10 million RMB to approximately 2.68 billion RMB, an increase of approximately 26,654%. The company was established in September 2023, with Chen Zhigang as its legal representative. Its business scope includes integrated circuit manufacturing, integrated circuit design, integrated circuit chip and product manufacturing, and power electronic component manufacturing. It is currently jointly owned by Xinlian Integrated Circuit and the aforementioned new shareholder. (Tianyancha)
Blackstone's AirTrunk plans a REIT IPO in Singapore and has already selected an investment bank.
According to a Bloomberg report, AirTrunk, the data center operator owned by Blackstone Inc., has selected partner banks for its planned initial public offering (IPO) of a real estate investment trust (REIT) in Singapore. Sources familiar with the matter revealed that the IPO is expected to raise approximately $1.5 billion, with the listing potentially completed as early as this year. Citigroup Inc., DBS Group Holdings Ltd., and Jefferies Financial Group Inc. have been selected to assist in preparing for the listing.
Analysis: Record-high holdings by long-term holders may indicate that Bitcoin's current cycle has bottomed out ahead of schedule.
According to Mars Finance, on June 30th, Swan Bitcoin CEO Cory Klippsten stated that Bitcoin long-term holders' (LTH) holdings have reached an all-time high. This indicator historically often corresponds to the bottom of market cycles, suggesting that this Bitcoin cycle may bottom out earlier than previous cycles. According to Glassnode data, long-term holders hold approximately 14.7 million Bitcoins, a record high, indicating that seasoned investors maintain strong confidence in holding the cryptocurrency. Klippsten believes this trend suggests the market bottom may have appeared earlier than expected. However, there are differing opinions. Jiang Zhuoer, founder of Lebit Mining Pool, previously stated that Bitcoin may bottom out between October and December 2026. He believes that Strategy's (formerly MicroStrategy) mNAV (market capitalization relative to Bitcoin reserve net value) typically leads Bitcoin's bottoming process by about 6 months. Currently, this indicator has fallen to 0.72, close to the 2022 bear market low of 0.7. Therefore, he predicts the current Bitcoin bottom may be in the $42,000 to $44,000 range. Furthermore, Zach Pandl, head of research at Grayscale, stated that if the US CLARITY Act fails to pass this year, Bitcoin reserve companies like Strategy may continue deleveraging, further pressuring Bitcoin prices downward. Galaxy Digital has also lowered its forecast for the bill's passage in 2026 to 50%, believing the window of opportunity for the US Senate to advance related legislation before its August recess is quite limited.