NDA

Pop Mart
2026-08-24 05:19:04

Pop Mart posts 171.7 billion yuan in first-half revenue as six IPs top 1 billion yuan each

Pop Mart said in its first-half 2026 report that revenue reached 17.17 billion yuan, up 23.8% year over year, with adjusted net profit at 5.16 billion yuan. Net profit margin came in at 30%, while gross margin was 69.7%. The company said six IPs — THE MONSTERS, Xingxingren, CRYBABY, DIMOO, SKULLPANDA, and Hirono — each generated more than 1 billion yuan in revenue, and 11 IPs brought in over 100 million yuan. Among them, THE MONSTERS family, home to LABUBU, remained the top-grossing IP with 4.45 billion yuan in revenue. Xingxingren was the fastest-growing IP, posting 2.65 billion yuan in revenue and growth of 580.6%. During the reporting period, Pop Mart operated 676 offline stores and 2,827 robot stores worldwide, while its cumulative registered membership base surpassed 100 million. By region, revenue from China reached 12.2 billion yuan with 47.3% growth, while Asia-Pacific contributed 2.58 billion yuan, the Americas 1.89 billion yuan, and Europe and other regions 510 million yuan.

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Pop Mart posts 171.7 billion yuan in first-half revenue as six IPs top 1 billion yuan each
Phison
2026-08-16 15:15:15

Phison CEO accuses Longsys of copying technology, says AI segment now makes up 38% of revenue

Phison Electronics CEO K.S. Pua used the company’s Aug. 13 second-quarter earnings call to make two points at once: to publicly accuse Chinese memory module leader Longsys of copying technology, and to argue that investors should stop viewing Phison as only a consumer-focused module company. Pua pointed to Longsys’ recent work with UNISOC on an Edge Device general DRAM offload solution and its HLC+ SPU technology collaboration with AMD, saying he had already confronted Longsys executives earlier this year at China’s FMS event with a blunt remark: 「You are a big company and also an innovative company, so why do you only know how to copy?」 He also pushed back on claims that AMD had chosen Longsys, saying the cooperation was limited to AMD’s China team, while adding that Phison has cooperation with Intel and MediaTek that is still covered by NDA. On operations, Pua said Phison’s newly defined AI Ecosystem Solutions segment accounted for about 38% of second-quarter revenue, up about 68% quarter over quarter. He also said NAND supply, not just pricing, is the bigger problem and could remain tight for many years.

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Phison CEO accuses Longsys of copying technology, says AI segment now makes up 38% of revenue
Black Lake
2026-08-06 22:50:31

Black Lake launches Harbor Verify to let investors check tokenized credit pools without exposing borrower data

Black Lake Digital Markets has introduced Harbor Verify, a browser-accessible blockchain tool built to let investors, lenders, auditors, and rating agencies independently verify whether tokenized real-world assets meet a pool’s published eligibility standards. The company says the system works without revealing nonpublic borrower information, replacing a review process that has often relied on bilateral reports, restricted data rooms, redacted files, and attestations from parties involved in building or reviewing a portfolio. The tool runs two core checks. One confirms that the correct eligibility rulebook was used by matching hashes from the published rulebook, the loan proof, and the onchain record. The other verifies that a loan actually belongs in a given pool by reconstructing the pool’s Merkle commitments and checking a zero-knowledge proof that the loan met the pool’s rules. Black Lake says failed checks show the exact step and value that did not match. Harbor Verify is being applied first to a $25 million portfolio of residential mortgage loans. Black Lake also said the system could be used beyond its own issuance, and plans to make it available to other issuers under the Harbor Verify mark. The company pointed to its June 2026 work with Nuva Labs, involving more than 4,000 down payment assistance mortgage loans worth over $25 million on Provenance Blockchain, as an early example of how the verification process can be used before assets are distributed to investors.

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Black Lake launches Harbor Verify to let investors check tokenized credit pools without exposing borrower data
ChainFeeds
2026-08-03 12:58:36

ChainFeeds PRO reviews Gloas circuit breakers, PropAMM design and OEV window removal

ChainFeeds Research’s PRO issue #153 pulls together a broad set of Bitcoin and Ethereum research updates, led by three themes: a more granular circuit breaker design for Gloas builder markets, a discussion of proprietary AMMs on Ethereum, and a proposal to eliminate part of oracle extractable value through synchronized state transitions. Ethereum researcher Potuz argues that failures in payload delivery should not automatically force validators into self-building, and instead proposes a layered fallback system based on builder trust. Ethereum Foundation researchers Mike Neuder and Maryam Bahrani describe PropAMM as a middle ground between traditional AMMs and RFQ systems, preserving onchain execution while letting professional market makers update pricing parameters more actively. Oraclizer CPTO Jay Kim, meanwhile, frames OEV as a structural timing problem and outlines a model where updates and downstream consequences are bound into a single cross-domain atomic transition. The report also covers a Coldcard hardware signer warning tied to weak seed entropy, two denial-of-service bugs in Core Lightning, a zkPoH concept for proving ownership of at least 1 BTC without exposing specific UTXOs, native randomness sourcing for onchain games, selected items from The MEV Letter #148, and a phishing paper that says transaction simulation itself can become an attack surface.

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ChainFeeds PRO reviews Gloas circuit breakers, PropAMM design and OEV window removal
WuBlockchain
2026-08-01 09:00:12

WuBlockchain July tech report tracks BIP-110 dispute, Solana upgrades and Zcash Ironwood activation

WuBlockchain’s July technology report mapped a broad set of protocol developments across Bitcoin, Ethereum, Solana, BNB Chain, Zcash, NEAR, Cardano, Uniswap and Sui. On Bitcoin, Bitcoin Core v31.1 was released on July 8, 2026 with bug fixes tied to chainstate disk rewrites and an IP leak linked to the -privatebroadcast feature, while BIP-110 turned into a governance flashpoint as miner signaling stayed far below the 55% threshold. On Ethereum, the Glamsterdam upgrade moved into its final integration and performance-testing phase, Hegota remained in proposal-scope selection, and Vitalik Buterin published new pieces on Lean Ethereum, validator-state compression and privacy. The report also covered Ethereum proposals including Native UTXOs on Ethereum and EIP-8222, along with Starknet’s STRK20 privacy framework and Polygon’s Ithaca hard fork schedule. Elsewhere, Solana advanced Agave v4.2, launched Solana Governance Proposals and prepared SIMD-0286 to raise the single-block compute cap, while Zcash activated Ironwood NU6.3 on mainnet and introduced Zakura 1.0.0 as a new full-node client.

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WuBlockchain July tech report tracks BIP-110 dispute, Solana upgrades and Zcash Ironwood activation
DeepSeek
2026-07-28 10:49:33

DeepSeek’s Harness tool is said to enter closed beta this week, with NDA terms tied to future access

DeepSeek is reportedly preparing to open a closed beta for its in-house Harness tool later this week, according to screenshots circulating in online communities and a leak cited by Max For AI, later compiled by BlockTempo. The images suggest the first batch of users will be selected from a small group and must submit personal information and sign a confidentiality pledge before receiving access. The screenshots also describe a broader penalty for leaks. If true, disclosure would not only revoke a user’s current testing eligibility but could also affect future chances to join DeepSeek model tests, product betas, and even cooperation opportunities. That language has drawn attention because it extends the cost of a breach beyond a single program. The report places the rumored beta in the context of DeepSeek’s broader product push. In May, the company had already posted openings in Beijing for “Agent Harness Product Manager” and “Agent Harness R&D Engineer,” describing the concept as “Model + Harness = Agent.” A separate May report said the team is led by Cui Tianyi, a former TSY Capital co-founder who joined DeepSeek in March after nine years at Jane Street. As of now, DeepSeek has not confirmed the beta. Its latest official API changelog still ends with the April 24 “DeepSeek V4 Preview Release,” and BlockTempo said it could not independently verify the authenticity of the screenshots.

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DeepSeek’s Harness tool is said to enter closed beta this week, with NDA terms tied to future access
Hyperliquid
2026-07-24 14:28:10

ARK analyst says Hyperliquid’s HIP-3 RWA volume has overtaken crypto on a weekly basis

ARK Invest analyst Lorenzo said Hyperliquid has reached a new point in its market mix, with real-world asset trading on HIP-3 exceeding crypto-native volume for the first time in a single week. According to the figures cited in the post, RWA accounted for 54% of total platform volume, and 61% of that RWA activity came from single-stock products. The article argues this shift points to a broader change in Hyperliquid’s positioning, from a crypto perpetuals venue to a round-the-clock multi-asset derivatives platform spanning equities, indices, commodities and FX. The write-up also stresses that the RWA products in question are synthetic perpetual contracts rather than tokenized securities. Traders get price exposure, typically margined in USDC, but do not receive actual stock ownership, voting rights or legal claims on the underlying assets. It distinguishes that model from true securities tokenization and notes the two paths carry different infrastructure, legal and operational requirements. At the same time, the piece flags a math issue in the original comparison between Hyperliquid’s HIP-3 RWA volume and the rest of the DEX perpetuals market, and says the claim cannot be directly derived from the numbers presented. It further examines what the trend could mean for HYPE, USDC and Circle, while outlining the current HIP-3 market map, where activity is concentrated in stocks, commodities and indices, with much of the volume attributed to the trade[XYZ] deployment.

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ARK analyst says Hyperliquid’s HIP-3 RWA volume has overtaken crypto on a weekly basis