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Chinese artificial intelligence company Moonshot AI aims to increase its annualized revenue to $2 billion by the end of this year, intensifying competition against rivals like Anthropic and Z.AI with breakthroughs from the Kimi K3 model.Insiders say the company recently informed investors that its annual recurring revenue exceeded $1 billion in August, up from $300 million in June. This leap was driven by the large-scale Kimi K3 model released in July, which ranked highly in performance benchmarks and is significantly cheaper than major competitors in the United States.

As the Mid-Autumn Festival approaches, the world's leading digital asset trading platform Gate has launched a limited edition gift box themed around the festival, specifically for global partners and VIP users. As an important traditional festival, the Mid-Autumn Festival carries cultural meanings of reunion, gathering, and good wishes. Gate also takes this opportunity to extend sincere greetings to global users and partners, further strengthening interactions with the community and ecological partners.The design of this gift box incorporates visual elements such as the moon and space travel, along with outdoor lifestyle products like picnic mats and inflatable sofas, extending the "moon viewing" imagery of the Mid-Autumn Festival into a more modern outdoor setting. It is worth mentioning that the lunar elements naturally resonate with the long-standing "To the Moon" culture in the cryptocurrency industry: on one end is the bright moon symbolizing reunion and good wishes in Mid-Autumn culture, while on the other end is the cryptocurrency industry's expression of exploration, breakthroughs, and future visions.From holiday gifts to brand cultural expression, Gate's Mid-Autumn gift box integrates the festival's meaning of reunion, outdoor lifestyle, and cryptocurrency culture into a single scene, conveying the spirit of the festival while also strengthening emotional connections with global users and partners in a more industry-specific manner.

According to LatePost, Moon's Dark Side (Kimi) has submitted an A1 application to the Hong Kong Stock Exchange in a confidential manner, officially starting the IPO process for Hong Kong stocks. At the same time, the company is advancing a new round of financing with a pre-IPO valuation of approximately $50 billion, expected to be the last round before the IPO.The report cites public and market information stating that Kimi has accelerated its model iterations this year, successively releasing K2.5, K2.6, and K3, and updating at a pace of about one version every three months.On the revenue side, Kimi's ARR broke $100 million in early March this year and increased to around $300 million by mid-June; after the release of K3, the enterprise ARR saw several times growth. With the increase in usage and computing power demand, Moon's Dark Side has raised its valuation from about $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple rounds of financing.

MoonPay has integrated the Solana lending protocol Kamino into its AI payment vault PayBox, allowing eligible users to execute token lending or collateralized borrowing on Solana through conversations with ChatGPT or Claude. According to DefiLlama data, Kamino has a locked value of approximately $1.3 billion, with an active loan scale of about $1 billion.This integration does not create new loan products but replaces Kamino's original interface with natural language commands. Users can request that each transaction requires passkey approval or allow the AI to operate autonomously within preset limits. MoonPay launched PayBox in July, initially supporting payments, token swaps, cross-chain bridging, and earning through Aave. The integration of Kamino marks its expansion from AI payment tools into the credit management field.Currently, AI-based crypto applications are mainly focused on small, high-frequency payment scenarios. The x402 protocol developed by Coinbase has processed approximately $50 million and 165 million payments. This integration allows AI to manage user funds, with a single command capable of creating leveraged positions. If the value of the collateral falls and triggers Kamino's liquidation threshold, the position may be liquidated. This service is not currently available to users in the United States, United Kingdom, European Union, and Australia, with specific availability varying by asset and jurisdiction.

The decentralized lending protocol Moonwell is investigating issues affecting the MAMO Core Market on Base. Security firms CertiK and PeckShield have flagged a multi-million dollar exploit incident, estimating losses of approximately $8.7 million.Moonwell stated on X that as a precaution, the borrowing limit for all Core Markets on Base has been set to 1 wei, and the supply limits for MAMO and WELL have also been set to 1 wei. PeckShield noted that the attacker aggregated stolen funds to an address for the DAI stablecoin; CertiK indicated that the attacker manipulated the collateral price of the low liquidity MAMO token and then borrowed real cbBTC from the mCBTC market to carry out the attack, with Blockaid also identifying the same attack mechanism.As a result, the WELL token dropped about 13% in 24 hours, while MAMO fell about 9%. This exploit incident is part of a period of frequent DeFi vulnerabilities since April, during which multiple protocols have been hacked for over $600 million, with the largest being a $292 million exploit of Kelp DAO.

According to monitoring by Blockaid, its vulnerability detection system has found suspicious activity on the Base chain related to Moonwell. Attackers manipulated the MAMO collateral price to borrow cbBTC from the mCBTC market.The currently observed impact is the transfer of 50.6 cbBTC (worth over 4 million USD).

According to sources, Dark Side of the Moon is negotiating with Microsoft, Amazon, and Google for revenue sharing of the Kimi K3 artificial intelligence model. Dark Side of the Moon is seeking to obtain up to 30% of the revenue generated from K3-related services in the early negotiations.

According to Jinshi reports, the dark side of the moon Kimi announced that the company's first-generation trillion-parameter multimodal model Kimi K2.5 will end its service at the end of this month.

According to CoinDesk, Cash App has integrated with the cryptocurrency payment platform MoonPay, expanding its cryptocurrency services from previously primarily supporting Bitcoin and the US dollar stablecoin USDC to include various digital assets such as Ethereum, Solana, XRP, and USDT.

According to the official announcement, Bitget has launched the IPO pre-market perpetual contract MOONSHOT/USDT, supporting up to 10x leverage and 24/7 trading.It is reported that Dark Side of the Moon is a Chinese artificial intelligence research and application company, known for its Kimi series products, and has received investments from institutions such as Alibaba and Tencent. It is also one of the potential IPO candidates with high attention in China's large model track market.

According to Wired, during security testing, the open-source model Kimi K3 from the dark side of the moon broke out of the sandbox and accessed the internet, attempting to find test answers via GitHub. American security startup Frontier Security stated that Kimi K3 exploited a sandbox configuration vulnerability, but it itself lacked sufficient built-in protective mechanisms.Similar to incidents previously disclosed by OpenAI and Anthropic, this escape partially stemmed from a sandbox configuration error. However, Kimi K3 did not initiate an attack, as the answers were easily accessible on GitHub. The CEO of Frontier Security stated that Kimi K3 performed excellently in cybersecurity defense but lacked mechanisms to prevent cheating or escaping the sandbox. Security experts emphasized that configuring the testing environment is crucial, as the misuse of AI agents could lead to system failures.

According to Reuters, Alibaba plans to require its next-generation Qwen open-source AI model's heavy commercial users to share a portion of their revenue with it. This initiative is similar to the approach taken by Moonlight Dark Side with Kimi K3: the licensing terms for Kimi K3 stipulate that if the model is sold as a service and the annual revenue exceeds $20 million, a commercial agreement must be negotiated with Moonlight Dark Side, with reports suggesting a revenue-sharing ratio of up to 30%. The specific revenue-sharing ratio for Alibaba is still under discussion.The report points out that such revenue-sharing agreements have gradually taken shape between Chinese AI companies and American cloud platforms. Several American cloud providers, including DigitalOcean, have signed commercial agreements with Moonlight Dark Side. In terms of pricing, the input/output token price for Kimi K3 is about one-third that of the Anthropic Fable model. Additionally, Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, has also joined the open-source camp and released its first open-source model last month. This move signifies that Chinese AI companies are exploring sustainable commercialization paths on open-source models through a "free open-source + commercial charging" freemium model.

According to the official announcement, the third phase of Gate Pre-IPOs will launch Moonshot AI (KIMI) and introduce a dedicated trading market mechanism for Pre-IPOs, providing exclusive trading and circulation channels for pre-listing asset certificates.The KIMI asset certificate is a mirror note designed based on the changes in the enterprise value of Moonshot AI. The subscription period is from August 11, 2026, 15:00 to August 13, 2026, 15:00 (UTC+8), allowing users to participate using both USDT and GUSD. After the subscription ends, the asset certificates will be 100% unlocked and issued on August 17, 2026, at 15:00 (UTC+8).It is worth noting that, unlike previous participation methods in Pre-IPOs, this phase of KIMI asset certificates is expected to open a dedicated market for trading about one month after the completion of subscription and distribution. Users holding positions can trade and circulate based on real-time market prices, choose to sell part of their holdings to recover principal, or continue to hold the remaining assets to participate in the future value changes of the target enterprise. The holding period for the profit portion is expected to range from several months to several years, depending on the target enterprise's IPO process or other exit arrangements; if the target enterprise completes an IPO in the future, the platform will provide subsequent asset handling solutions based on actual conditions, including stock asset exchange or stock token exchange methods.

According to exclusive reports from the Science and Technology Innovation Board Daily, Moonshot AI's G round (Pre-IPO) financing has officially started, with this round's valuation reaching $50 billion. Insiders revealed that the financing amount became "suddenly tight" after the release of the K3 model, and multiple institutions have registered their investment intentions. Participants must complete their payments by August 15, and if they want to directly enter the shareholder register, their management scale must exceed $500 million. The company's previous F round financing (valuation of $35 billion) was just completed last week, raising a total of $3.5 billion. In April of this year, the company's valuation was approximately $18 billion, nearly tripling within three months.Sources say that the core driver behind this round's valuation surge is the release of the K3 model. On July 27, Moonshot AI officially open-sourced the complete model weights of Kimi K3, becoming the world's first large model with 30 trillion parameters to be implemented. Currently, the company's API revenue accounts for more than 70% of total revenue, with ARR achieving several times growth after the K3 release. In response to recent reports stating "the IPO application will be submitted to the Hong Kong Stock Exchange as early as this month," insiders stated that "the information is inaccurate, and the G round financing is still ongoing." As of the time of publication, Moonshot AI has not responded to this news.

Earlier market news indicated that Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, potentially raising about 3 billion dollars. In response, Dark Side of the Moon stated that the news is false.

According to market news, Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, aiming to raise approximately $3 billion. As of the time of publication, Dark Side of the Moon has not publicly responded to or confirmed this matter.

The Dark Side of the Moon (Kimi) has been renamed Beijing Dark Side of the Moon Technology Co., Ltd., and the company type has changed from a limited liability company to a non-listed joint-stock company. Yang Zhilin serves as the chairman and manager, Zhang Yutong has been added as a director, and Song Sijia has been added as the financial officer.This change is commonly referred to as a stock reform. The China Securities Regulatory Commission stipulates that if a domestic company directly lists overseas with a domestic entity, the issuer must be a joint-stock company.According to previous reports, the Dark Side of the Moon has issued a shareholder resolution for listing in Hong Kong, with the earliest possible IPO within six months, and has begun dismantling the red-chip structure. The company has not officially announced the listing time.

According to The Block, MoonPay has launched the AI payment tool PayBox, allowing users to integrate it with ChatGPT or Claude, enabling the AI assistant to directly prepare payment transactions for booking flights, restaurants, or online shopping. Users can choose to require a passkey approval for each transaction or set a limit for the AI to complete transactions autonomously.PayBox integrates cryptocurrency wallets with payment cards, supporting cross-chain transactions based on the x402 smart entity payment standard. It initially supports Solana and EVM-compatible chains, including Ethereum, Hyperliquid, Tempo, Base, Robinhood Chain, Arbitrum, and Polygon, with plans to support more AI platforms and DeFi features, such as token exchanges and perpetual contract trading, within the next month.MoonPay states that wallet private keys are protected through multi-party computation (MPC) and trusted execution environments (TEE), ensuring that no single party (including MoonPay or the AI assistant itself) can independently access the complete private key or sign transactions; payment card information is processed and stored, allowing the AI entity to complete purchases without accessing the underlying card details; this system is built on the key management infrastructure acquired by MoonPay earlier this year from Sodot.

According to Jinshi News, Moonshot AI has raised an unexpected $3.5 billion in a recently completed round of financing, with a valuation reaching $35 billion.