Shantui Construction, a leading Chinese maker of construction and mining machinery, has filed for an IPO in Hong Kong to expand its investor base. The company reported a 9% profit increase last year, driven by strong overseas sales with higher margins and rapid growth in its excavator segment, which now surpasses bulldozers in revenue. Despite challenges in China's property market, global infrastructure demand, especially for AI data centers, supports growth. The IPO valuation is expected to be attractive compared to industry giants like Caterpillar and Komatsu, reflecting Shantui's growing international presence and the expanding global market for construction machinery.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
