Cambricon's 2025 briefing signals growth potential amid rising AI demand; CEO Chen Tianshi stresses independent IP, industry backing, and long-term partnerships to manage competition, inventory, and pending litigation.

Shengxin Technology completed its Hong Kong IPO subscription, raising HK$518.89 billion with a 295.6 times oversubscription. Planning to issue 83.348 million H shares, the company specializes in advanced PCBs for AI and computing, holding a significant global market share.

The Hong Kong Securities and Futures Commission has officially announced the "Accelerator" program tender, aimed at optimizing regulatory and market communication. Meanwhile, Ye Zhiheng added measures for financial funding and perpetual contracts to ensure two-way interaction and participation of professional investors, promoting global liquidity connectivity.

Gate News bot message, Gate Market Display, since launching Alpha, Shan Ye Wan Li, you are the joy I hide in the breeze, has increased by 455.85%, now priced at 0.0048633 USDT.

Gate News bot 消息，Gate 行情显示，自上线Alpha后，山野万里 你是我藏在微风里的欢喜 已上涨 355.26%，现价 0.0035236 USDT。

Gate News bot message, Gate market display, since launching Alpha, Shan Ye Wan Li, you are the joy I hide in the breeze. It has increased by 203.83%, with the current price at 0.0039227 USDT.

Guo Hongcai posted pictures on social media showing that Renren Bit founder Zhao Dong has appeared in the United States and has been released from prison. Zhao Dong was arrested in 2020 on suspicion of aiding and abetting crimes, later pleaded guilty and was sentenced to two years in prison, and has now completed his sentence.

YZY Money has launched a new coin YZY, based on the Solana blockchain, supporting encryption payments through Ye Pay. Users can purchase it using credit cards or USDC and trade on the Jupiter App. A contract address random selection mechanism is adopted, the official liquidity pool is now online, and the team's share is locked and unlocked as planned. YZY and related projects do not constitute an investment contract or security.

Kanye West has launched two projects alongside YZY MONEY: Ye Pay, a low-fee cryptocurrency payment processor, and YZY Card, a non-custodial debit card for global use with YZY and USDC, facilitating easy crypto transactions.

Gate.io News bot message, Scroll co-founder Ye Zhang announced that Scroll has become the first zk-Rollup to reach Stage 1 status through the Euclid update. This update implements three key improvements: users have sufficient exit time before system changes, arbitrary upgrades are prohibited; users have the authority to submit transactions directly on Layer 1, eliminating censorship risk; when the sequencer or prover goes down, the network automatically opens to everyone to maintain system operation. The L2 Rollup maturity framework divides Rollup into three stages: Stage 0 includes characteristics such as operator control and L1 on L2 state root; Stage 1 features smart contract management, complete proof systems, and a 7-day exit window; Stage 2 achieves full smart contract management, decentralized proof systems, and a 30-day exit window. Source: Wu Says