ChangXin Technology’s IPO issuance announcement shows that state-backed long-term capital, including the National Social Security Fund and basic pension insurance funds, took part in the strategic placement, alongside major companies from the industry chain and large insurance investors. The filing also lists several corporate allottees. Shenzhen Sankuai Network Technology, NIO Power Technology (Hefei), ZTE Corporation, and Chery Intelligent Vehicle Technology (Hefei) each received allocations worth 157,999,993.98 yuan with an 18-month lock-up, while Hangzhou Alibaba Cloud Feitian Information Technology received the same allocation amount with a 36-month lock-up. Separately, Huanfang Quant, the quantitative investment firm whose ultimate controller is Liang Wenfeng, participated in the offline subscription at an indicative bid price of 8.78 yuan per share. The upper limit for each offline subscription order was 230 million shares, and most Huanfang products reportedly submitted orders in the range of 70 million to 140 million shares. The announcement states that Huanfang Quant mainly consists of Zhejiang Jiuzhang and Ningbo Huanfang Quant, both registered with the Asset Management Association of China, with Liang holding 85% of Jiuzhang Asset and 85.15% of Ningbo Huanfang Quant.

Taiwan Semiconductor Manufacturing Co. (TSMC) fell 4.64% in premarket trading on July 16, with shares quoted at $400, according to market data from BIT(bit.com). The move came after the company said capital spending over the next three years would be significantly higher than in the previous three-year period. TSMC said it now expects full-year capital expenditures to reach $60 billion to $64 billion, up from its earlier forecast of $52 billion to $56 billion. The company also said it plans to add $100 billion in investment in Arizona. On the same day, TSMC released its financial results for the second quarter of 2026. Net profit rose 77% year over year to NT$706.6 billion, setting a record high and coming in above market expectations. Second-quarter revenue increased 36% from a year earlier to NT$1.27 trillion. Revenue from its high-performance computing, or HPC, business rose 20% quarter over quarter.

South Korean retail investors piled into chip heavyweights Samsung Electronics and SK Hynix during the sharp selloff tied to the market’s “Black Monday,” only to turn into net sellers as the sector rebounded. Korea Exchange data cited by Etoday showed individuals bought a combined KRW 3.89 trillion worth of the two stocks, including KRW 1.10 trillion in Samsung Electronics and KRW 2.79 trillion in SK Hynix, on the day the shares dropped 10.7% and 15.37%, respectively. Retail money effectively absorbed stock sold by foreign and institutional investors. The reversal came quickly. On July 14 and 15, individual investors sold KRW 1.45 trillion of Samsung Electronics and KRW 3.70 trillion of SK Hynix, bringing total net selling in the two names to KRW 5.15 trillion. Estimated average purchase prices on July 13 were about KRW 261,700 for Samsung Electronics and KRW 1,938,500 for SK Hynix, while average selling prices over the following two sessions were about KRW 259,400 and KRW 1,849,300. Based on those July 13 purchases, retail investors were estimated to have lost roughly KRW 138.2 billion. Meanwhile, Samsung Electronics rose about 9.8% over July 14 and 15, and SK Hynix gained about 12.8%, leaving many dip buyers out of much of the rebound after selling early.

Alpaca, a company focused on AI and tokenized finance infrastructure, has closed a new $135 million financing round, according to BusinessWire. The round was led by Peak XV, with participation from Elefund, Opera Tech Ventures, the venture arm of BNP Paribas, and Unbound. With the new raise, Alpaca said its total funding to date has reached $435 million. The company plans to use the capital to speed up development of its AI-native brokerage infrastructure and its API-first prime brokerage business. Alpaca said those products are designed to help fintech firms, banks, brokerages, wealth management institutions, and crypto finance platforms build investment products across traditional and on-chain markets. The fresh capital will also support broader connectivity with global crypto exchanges, asset tokenization platforms, and financial institutions.

On-chain tracking data pointed to a wallet cluster suspected to belong to a single whale that accumulated roughly 10.43 million ANSEM across six wallets over the past several days, spending about $2.551 million in total before exiting the entire position today. Stalkchain first flagged the activity, while Arkham and other on-chain tools mapped out how the position was built and unwound. The cluster initially opened positions through four addresses. Three days ago, Eo3ck...EhWQ bought 827,000 ANSEM worth about $225,000, CzZF7...RE74C bought 668,000 worth about $191,000, and FY8nW...b9L5Ag bought 758,000 worth about $215,000. Two days ago, BMRse...25rHT bought another 641,000 ANSEM worth about $184,000. Those four wallets accumulated 2.894 million ANSEM valued at about $814,600, then transferred the full amount to the main wallet, GFsqy...26SM. That main wallet later added another 7.535 million ANSEM worth about $1.737 million, bringing the wallet group’s holdings to 10.34 million ANSEM valued at around $2.551 million. The exit then came in two stages: the main wallet sold 6.938 million ANSEM for about $1.943 million, and the remaining 3.491 million tokens were moved to 62dT...LrUE and sold about two hours later for roughly $546,900. Based on on-chain execution data, the full round trip ended with a loss of about $60,700.

Binance Futures is set to add five USD-margined TradFi perpetual contracts, according to an official announcement cited by PANews on July 16. The new listings cover MINIMAXUSDT, ZHIPUUSDT, HK0700USDT, HK1810USDT and TENCENTUSDT. The rollout is scheduled for July 17 on a staggered timetable in UTC+8. MINIMAXUSDT will go live at 11:00, followed by ZHIPUUSDT at 11:05. HK0700USDT and HK1810USDT, both listed as Quanto perpetual contracts, are scheduled for 11:10 and 11:15 respectively. TENCENTUSDT, a USDT-settled perpetual contract, is due to launch later at 13:00. The notice identifies MINIMAXUSDT, ZHIPUUSDT and TENCENTUSDT as USDT-denominated perpetual contracts, while HK0700USDT and HK1810USDT will be introduced as Quanto perpetual contracts.

South Korea’s Financial Services Commission has released a draft amendment to the enforcement decree of the Special Act on the Prevention of Telecommunications Financial Fraud and Refund of Damage, according to Etoday. The proposal would bring phone scam proceeds that were transferred into crypto assets into the scope of victim compensation and set out standards for how those assets should be returned and valued. Under the draft, if the frozen asset is cryptocurrency, victims would in principle receive restitution in the same asset type and quantity. If the form of the defrauded asset differs from the frozen asset, compensation would be made based on the form of assets actually held in the account at the time it was frozen. For cases involving a mix of cash and crypto assets, regulators would value the crypto portion using market prices at the time of the freeze to determine the final compensation amount. The FSC said clarifying both the form of returned assets and the valuation point would help speed up compensation and make it fairer in complex cases where funds from multiple victims are mixed together. Public comments on the draft will remain open until Aug. 24, and the new rules are expected to take effect on Oct. 1.

Binance Futures will roll out five perpetual contracts on July 17, according to an official announcement cited by ChainCatcher. The listing schedule starts at 11:00 with the MINIMAX USDT-margined perpetual contract, followed by the ZHIPU USDT-margined perpetual at 11:05. At 11:10, Binance will add the HK0700 USDT Quanto perpetual contract, and at 11:15 it will launch the HK1810 USDT Quanto perpetual contract. The final product in the batch, the TENCENT USDT-margined perpetual contract, is set to go live at 13:00. The announcement specifies that HK0700 and HK1810 are USDT Quanto perpetual contracts, while MINIMAX, ZHIPU and TENCENT are USDT-margined perpetual contracts.