Gate Ventures投资日本Web3游戏巨头double jump.tokyo，为Web3 大规模普及开辟新路径

区块律动Опубліковано о 2005-09-24Востаннє оновлено о 2024-09-05

#double jump.tokyo Inc.#Gate Ventures #SBI Investment #Sony Group Corporation

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Early Investor of Unitree Bets on a Brain-Computer Interface Company

"Wabo Technologies, a brain-computer interface (BCI) startup, has secured new funding from Vertex Ventures (under Temasek), Hongtai Fund, Chengdu Future Industry Fund, and Huifengda Capital. Vertex Ventures is known for its early bet on Unitree Robotics. Inspired by the sci-fi film "Avatar," founder Zhang Xingzhi has pursued human-machine interaction for over a decade. He established Wabo in late 2025, coinciding with China's push for BCI as a future industry. Unlike companies focused solely on medical hardware, Wabo positions itself as a model company. Its core mission is to develop a "Human Neural Intent Model" that decodes EEG, EMG, and behavioral signals to understand a user's goals, confirmations, corrections, and stop intentions before physical action, translating them into standardized control signals for machines, robots, or smart devices. The young, full-stack team, backed by academic collaborators from Tianjin University and Fudan University, quickly attracted investors. The company had previously raised a seed round from Ceyuan Capital. Investors were impressed by Wabo's systematic capabilities in data collection, signal processing, and engineering, seeing potential beyond a single hardware product toward a reusable layer of human intent interpretation. Applications span medical rehabilitation, smart homes, embodied AI, and even space exploration, with Wabo partnering with Tianjin University on pioneering "space BCI" research. Wabo plans a dual-headquarters strategy, with Shanghai focusing on high-end R&D and model development, and Chengdu handling hardware, product development, and supply chain. The BCI sector in China is heating up, with over 30 financing deals in early 2026. Zhang believes future competition will center on who can build a sustainable data-model-scenario loop. He predicts industry consolidation within three years, with only companies that master this闭环 surviving. The vision from "Avatar" is inching closer to reality."

marsbit6 хв тому

Early Investor of Unitree Bets on a Brain-Computer Interface Company

marsbit6 хв тому

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

Changxin Technology: A Cyclical Stock at the Peak On July 27, 2026, Changxin Technology topped the A-share market with a market capitalization of 3.28 trillion yuan, surging 465% on its first trading day. The company, which lost 16.3 billion yuan in 2023, reported an estimated net profit of 50-57 billion yuan for the first half of 2026. Its dramatic reversal mirrors the volatile DRAM (Dynamic Random Access Memory) cycle. The DRAM industry is inherently cyclical, with booms and busts every 3-4 years. This is due to product standardization and a significant time lag in supply adjustment. When prices rise, manufacturers expand capacity, but new production takes 2-3 years to come online, often leading to oversupply and price crashes when demand cools. Changxin's performance perfectly tracks this cycle. It recorded deep losses in 2023-2024 during the industry downturn, turned its first annual profit in 2025, and saw profits skyrocket in Q1 2026. This surge is primarily price-driven. The AI boom has led major players like Samsung and SK Hynix to shift 70-80% of new capacity to high-margin HBM (High Bandwidth Memory), creating a severe shortage and price explosion in general-purpose DRAM markets where Changxin competes. However, a massive global capacity expansion is underway. The top three manufacturers have announced nearly $70 billion in capital expenditure for 2026. Changxin itself plans to expand from three to seven 12-inch wafer fabs. This investment will translate into significant new supply in 2-3 years. While DRAM prices are expected to remain high through 2026-2027, price growth is already slowing, and a potential downturn is forecast for around 2028 as new capacity ramps up. A key challenge for Changxin is catching up in the critical HBM segment. While it has delivered HBM3 samples, leaders are already mass-producing more advanced HBM3E. Success in HBM is crucial for gaining true cyclical resilience. In conclusion, Changxin is a commendable company that has broken foreign monopolies in DRAM. Its long-term growth narrative—driven by import substitution and AI—is valid. Yet, its current valuation of 5-6x forward P/E, typical for a cyclical stock at its peak, suggests much future growth is already priced in. AI may extend the current cycle but cannot eliminate the industry's inherent volatility. For investors, the critical question is preparedness for the inevitable downturn when the cycle turns.

marsbit11 хв тому

ChangXin Technology: A Cyclical Stock Standing Atop the Cycle Peak

marsbit11 хв тому

SK Hynix's Most Profitable Quarter Ever: Why Did It Still "Miss Expectations"?

SK H力士 reported record-breaking financial results for Q2 2026. Revenue reached 79.32 trillion KRW (up 257% YoY), while operating profit surged to 60.54 trillion KRW (up 557% YoY). Despite this, the figures fell slightly short of market expectations, causing initial volatility in its stock price. Key factors behind the "miss" include a high proportion of HBM sales tied to long-term supply agreements, which limited profit elasticity during a period of rapid price increases for standard DRAM and NAND memory. The company's outlook remains optimistic. Management forecasts continued strong demand growth for DRAM and NAND in 2026, with no observed slowdown in AI-related investments. Progress on HBM4 shipments and next-generation product development remains on schedule. Furthermore, SK H力士 plans to maintain high capital expenditures, indicating confidence in future AI-driven storage demand. The market reaction highlights a broader debate: investors are less focused on past profits and more on how to price future growth. Bulls emphasize the ongoing AI infrastructure expansion, while bears express concerns about valuation and the sustainability of capital spending. The company's performance and strategy will continue to be a key focus in the semiconductor sector.

Odaily星球日报52 хв тому

SK Hynix's Most Profitable Quarter Ever: Why Did It Still "Miss Expectations"?

Odaily星球日报52 хв тому

What If the CLARITY Act Ultimately Fails to Pass?

This article examines the potential consequences if the CLARITY Act, a major US crypto market structure bill, fails to pass in the Senate. Having cleared the House in July 2025 and a key committee in May 2026, the bill's passage into law this year is now considered uncertain, with prediction markets showing its probability dropping from 82% in February to 35%. The article analyzes three main areas of impact should the bill fail. First, for the crypto market, analysts believe a negative reaction is limited and partially priced in already, with Bitcoin's recent weakness attributed more to macro factors. The specific details of the failed bill would matter more than its failure alone. Second, for US stocks, Coinbase (COIN) could see short-term pressure, with analysts citing a potential drop to the $140-$160 range, though its long-term thesis is not solely tied to the bill. For Circle, failure might be neutral or even positive long-term, as a passed bill could invite more stablecoin competition. Bitcoin-treasury firms like Strategy (MSTR) are seen as more directly tied to Bitcoin's price than the legislation. Third, in Washington, the failure is framed within a broader political struggle. Democratic resistance is partly linked to concerns over former President Trump's crypto holdings, making the bill a political tool. If it fails in 2026, the industry would likely rely on existing frameworks like the GENIUS Act and agency-level rules. Missing the August window likely pushes any significant progress to 2027, a period of political reshuffling after midterm elections, making consensus harder to achieve.

Odaily星球日报1 год тому

What If the CLARITY Act Ultimately Fails to Pass?

Odaily星球日报1 год тому

SK Hynix Q2 Profit Soars Sixfold, Still 'Misses Expectations'; Secures Long-Term Agreements with 10 Clients, HBM4 to Accelerate Volume Ramp in Second Half

SK Hynix reported record-breaking Q2 2026 financial results, with operating profit soaring 557% year-over-year to 60.5 trillion won and revenue increasing 257% to 79.3 trillion won, driven by strong demand for AI server memory, HBM, and enterprise SSDs. The operating profit margin reached 76.3%. However, both figures fell short of analyst expectations, leading to a drop in its share price. The company attributed the earnings miss to three factors: a high sales mix of HBM, which limited upside from surging prices of general-purpose DRAM; a deceleration in memory price increases compared to Q1; and long-term supply agreements (LTAs) with major customers that lock in prices, reducing sensitivity to spot market gains. SK Hynix has signed LTAs with about 10 clients, covering roughly half of its sales. Despite the miss, the company remains optimistic about AI-driven demand. Its net profit of 93.9 trillion won was significantly boosted by a one-time gain from the partial sale of its Kioxia stake. Financially, it strengthened its cash position, ending the quarter with a net cash position of 69.4 trillion won. Looking ahead, SK Hynix plans capital expenditures at the high end of its 40-50 trillion won range for 2026 to expand capacity for HBM and advanced NAND products, including accelerating the mass production of HBM4 in the second half of the year.

marsbit1 год тому

SK Hynix Q2 Profit Soars Sixfold, Still 'Misses Expectations'; Secures Long-Term Agreements with 10 Clients, HBM4 to Accelerate Volume Ramp in Second Half

marsbit1 год тому

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