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On June 30, CCTV published an article stating that Cambrian's market value surpassed 1 trillion yuan, marking it as a milestone hard-tech enterprise on the Sci-Tech Innovation Board. As the board approaches its seventh anniversary, this event is not only a significant milestone for the capital market but also a key point for observing the iteration of the A-share sci-tech ecosystem and the breakthrough of the domestic computing power industry. However, the more the market focuses on this event, the more it is necessary to shed the halo of market value and view the current challenges with clarity. Firstly, the pressure of matching valuation with performance cannot be ignored. Currently, the market has high expectations for the AI sector, and the valuation includes both the company's technological advancements and the domestic substitution benefits brought by the external environment. High valuations are a double-edged sword; they can provide ammunition for research and development but also mean that if subsequent product launches or performance releases fall short of expectations, there will be pressure for valuation adjustments. Secondly, domestic AI chips still need to overcome challenges to move from 'usable' to 'user-friendly.' Objectively, domestic chips have reached usable levels in inference scenarios and computing power fields, but there remains a gap in high-end large model training computing power hardware and developer ecosystem construction compared to international top levels. Thirdly, there is a need to be wary of the industry’s restlessness induced by the heat of market value. Under the demonstration effect of a trillion yuan market value, the sector may face issues such as overheating in financing and intensified homogeneous competition. Some companies may also be distracted by stock price fluctuations, focusing on short-term market value management at the expense of long-term technological research and development, which poses a hidden concern for the long-term development of the hard-tech industry.

according to the official announcement, SharpLink stated that it fully complies with Nasdaq regulations. If choosing to execute the ATM plan to provide funds for purchasing Ethereum, no further shareholder approval is required. SharpLink has always been strictly committed to compliance and transparency, ensuring that all transactions are carried out in accordance with Nasdaq regulations and industry best practices.

Week the China Securities Regulatory Commission issued supplementary information requirements for overseas issuance and listing filing (April 26, 2024 to May 9, 2024). It is reported that Himalaya has submitted an application for listing to the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and CITIC Securities as joint sponsors. The regulatory commission's public notice stated that Himalaya needs to provide additional information on whether its related business involves virtual asset trading, and explain the proportion of virtual asset income and compliance.