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03:53
SoftBank shares drop over 10% as OpenAI rival's accelerated IPO sparks concerns
(1) As OpenAI's competitors advance their initial public offering (IPO) plans, SoftBank Group's share price plunged sharply on Thursday after a recent surge, with the latest drop reaching 10.4% to 7,449 yen (approximately 46.53 US dollars), having fallen as much as 11% during intraday trading.(2) Driven by growing AI demand and expectations for a possible OpenAI IPO, SoftBank’s share price has more than doubled over the past two months; earlier this week, SoftBank announced its 52 billion US dollar data center project in France, which further boosted its stock price.(3) However, OpenAI’s competitors are also accelerating their listings: one exchange plans to sell about 75 billion US dollars’ worth of shares in an IPO on June 12; another exchange has secretly filed for an IPO and may go public as early as this fall. These moves could make it easier for competitors to access financing channels needed to build large-scale AI infrastructure.
03:48
Blockchain security researcher Josselin Feist will join the Aave team
Foresight News reports that blockchain security researcher Josselin Feist will join the Aave team. Aave founder Stani Kulechov remarked, "Josselin will be a great addition to the Aave ecosystem and will elevate the standards of DeFi security."Josselin Feist previously served as Blockchain Team Engineering Director at Trail of Bits for 8 years, overseeing full-stack blockchain security audits.
03:44
This year, the China International Mining Conference will continue to feature a special session for mining rights transactions.
Golden Ten Data reported on June 4 that, according to the China Mining Association, during the 2026 (28th) China International Mining Conference to be held in Tianjin from September 10 to 12, there will continue to be a special trading event called the "Large-Scale Mining Rights Transfer Market." The event covers four main types of transactions: transfer of exploration and mining rights as well as exploration and development cooperation; equity transactions of mining companies and their affiliated projects; trading and cooperation in mineral product spot, futures, and related portfolios, as well as exploration and mining machinery equipment and related materials; and cooperation in geological exploration, mining engineering, mining and beneficiation technology, professional consulting, and trading of mining-related elements. Transaction methods include independent negotiation, entrusted competition, targeted matchmaking, and exclusive negotiation, among others.
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