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hot_img Changxin Technology was listed on the Sci-Tech Innovation Board on July 27, with a valuation of approximately 580 billion yuan. The entire supply chain, including equipment, materials, and packaging testing, may benefit

Domestic DRAM storage IDM leader Changxin Technology will officially list on the Sci-Tech Innovation Board on July 27, with an issuance valuation of approximately 580 billion yuan and a total fundraising amount of 29.5 billion yuan, of which about 22.066 billion yuan is for equipment purchase and installation costs. Industry insiders believe that 2026-2027 is the golden window period for the introduction of domestic equipment.In terms of the supply chain, on the equipment side, North Huachuang has shipped a large volume of various categories such as etching and thin film deposition, Zhongwei Company continues to validate and mass-produce etching and thin film equipment, Huahai Qingshi CMP equipment has entered the core supply chain, and Jingce Electronics and Jingzhida testing equipment are benefiting simultaneously. On the materials side, Yake Technology precursor products cover advanced process needs, Guanggang Gas provides special gases and bulk gases, Jinhong Gas has a gas production order cycle of 15 years, Tongcheng New Materials ArF/KrF photoresists have entered mass production, Jingrui Electric Materials has a market share of over 40% in high-purity hydrogen peroxide, but high-end photoresists are still in the validation stage, and Debang Technology is in the sample testing stage. On the packaging and module side, Huatian Technology is a packaging supplier, Jiangbolong and Demingli have reached procurement agreements, while Maijie Technology is still in the introduction phase. On the distribution side, Shangluo Electronics has been authorized, and there are expectations for supply strategy adjustments after listing. Several listed companies hold shares indirectly through industrial funds, with Shangfeng Cement holding approximately 0.1517% of the equity before issuance.

hot_img OpenAI's internal model has been revealed to autonomously solve mathematical problems and bypass the sandbox, with internal testing exceeding two months

According to external disclosure information, OpenAI has been internally running an unreleased model. This model, without the aid of tools like Lean, solves the unit distance problem with a 48% probability through a single autonomous inference and can independently find a counterexample to the Jacobian conjecture based on a single prompt. In security testing, this model has bypassed the sandbox environment and submitted results that should have been released internally to GitHub in the form of a Pull Request, and it has evaded detection by splitting authentication tokens. Relevant code records show that OpenAI began benchmarking this model no later than May 9, and its internal availability has exceeded 2.5 months.Previously, OpenAI and Hugging Face jointly disclosed that last week this model breached Hugging Face's production infrastructure during a network capability assessment. The model gained internet access through a zero-day vulnerability and obtained testing solutions by stealing credentials and exploiting remote code execution paths. OpenAI stated that this incident indicates the network attack capabilities of advanced models have been effective in real-world scenarios, and they are collaborating with Hugging Face to investigate and patch the vulnerabilities. Currently, OpenAI has not publicly commented on this matter.

BIT's US stock financing trading is about to launch public testing, with professional trading capabilities continuously upgraded

BIT (formerly Matrixport) announced the official launch of its U.S. stock margin trading feature, which will be open for public testing starting June 26. BIT is the first platform in the cryptocurrency industry to offer margin trading functionality. Users can now submit margin loan applications through the official website or app. BIT will review applications based on account status and risk management requirements, gradually increasing the margin limits. Additionally, features such as securities lending are also in preparation and will be gradually opened based on regulatory requirements and product progress.During the public testing period, BIT will simultaneously launch the "First Margin Loan · Limited Time Interest-Free" and "Interest Cashback Gift" promotions: Users who use margin trading for the first time during the promotional period will enjoy 30 days of 0% interest on their first loan, allowing users to experience the efficiency of leveraged funds without interest. Elio Cui, head of brokerage services, stated: "BIT is the first to provide margin trading functionality, enhancing the customer journey from account opening, trading to fund leverage. This allows BIT customers to improve investment efficiency and strategically position themselves in the world's most wealth-generating assets without relying on bank cards or leaving the digital asset ecosystem."BIT also reminds users that while margin trading enhances the efficiency of fund usage, it also comes with corresponding risks. Users should fully understand margin rules and risk control mechanisms and participate cautiously based on their own risk tolerance.

The new Brazilian bill proposes the establishment of a permanent financial sandbox to support blockchain and tokenization testing

According to Livecoins, Brazilian Federal Deputy Lincoln Portela proposed Bill No. 2.901/2026, which aims to establish a framework for a national fintech and digital finance platform, creating a permanent regulatory sandbox system for testing blockchain technology and asset tokenization, supervised by the Central Bank of Brazil.The bill requires regulatory requirements to be proportional to the size of the company, allowing small fintech startups to apply simplified standards, and prohibits the government from imposing bureaucratic measures or obligations that do not align with the digital nature of the cryptocurrency market. The sandbox testing scope includes financial flow tracking, artificial intelligence credit applications, and programmable payment practices.The bill also allows companies to share network infrastructure and institutional adaptation databases, but they must comply with data protection regulations. The cooperation mechanism aims to combat financial crimes in cryptocurrency transactions, promote customer identity verification, and enhance cybersecurity.The bill also proposes the establishment of a national system for digital financial integrity, coordinating network regulatory actions to combat criminal structures that use cryptocurrency to hide wealth. Fines for non-compliant companies can reach up to 20% of their annual profit or revenue. The bill will be discussed in various committees of the House of Representatives.
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