FlashPANews
Details of DeepSeek's ¥105.5 Billion Financing Revealed: Valuation Approximately ¥615.5 Billion, With Nearly 30 Investors Participating
Details of DeepSeek's second round of financing have emerged. This round totals RMB 105.5 billion (approximately USD 15.8 billion), drawing participation from nearly 30 investors, corresponding to a company valuation of roughly RMB 615.5 billion. Tencent Holdings and CATL remain the two major contributors: Tencent invested RMB 10 billion in both rounds, while CATL and its chairman Zeng Yuqun contributed RMB 5 billion and RMB 10 billion respectively across the two rounds. Industry capital entities including ChangXin Memory Technologies, SMIC, vivo, Meituan, Geely Auto, Midea Group, Luxshare Precision, Trip.com, and Xiaohongshu also participated, with some individual investors contributing between RMB 1 billion and RMB 3 billion. State-owned capital participation has increased significantly. The China National Artificial Intelligence Industry Investment Fund once again invested RMB 1 billion in this round, matching its contribution in the first round.
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Zest Protocol: New Borrowing Activities Have Been Suspended Following the Binance Incident, the Protocol Holds No Exposure to Binance
Bitcoin lending protocol Zest Protocol posted on the X platform that out of an abundance of caution, it has suspended new borrowing activities following the Binance incident. All positions remain over-collateralized, the market remains healthy, and Zest Protocol's products hold no exposure to Binance. Zest stated that this measure is implemented to protect users, and borrowing services will be resumed in sync with the broader ecosystem shortly.
Trezor: Trezor Safe 5 Devices Sold Via Reseller CryptoBilis Are Suspected of Being Implanted With Malicious Hardware
Trezor stated that it has received a disclosure report indicating that a Safe 5 device sold through reseller CryptoBilis may have been implanted with unauthorized hardware. Trezor has urged customers who purchased devices from CryptoBilis since March 2026 to transfer their funds to newly created wallets and use new mnemonic phrases. No losses have been reported to date.
Industry Insiders: Stolen Bitcoins from Binance Are Highly Unlikely to Be Recovered, No Significant Market Sell-Off Observed
Recovery of the stolen assets has become far more challenging <p>Bobby Lee, founder of digital asset hardware wallet firm Ballet, explicitly stated in a Bloomberg TV interview that the Bitcoins stolen in the Binance hacking incident are highly unlikely to be recovered, as the relevant assets have already fallen into the hackers' possession. He pointed out that currently, only stablecoins have a realistic possibility of being recovered, and freezing assets does not equate to completing recovery. Binance will still need to continuously cooperate with law enforcement authorities in subsequent investigations and formally submit applications to claim the frozen relevant assets.</p><p>This incident has not caused drastic volatility in Bitcoin's price action. No significant sell-off of Bitcoin was observed during Friday's Asian trading session. As of 13:03 Hong Kong time, Bitcoin's price fell by less than 1% to trade at $78,269.</p><p>The overall maturity of the current crypto market has improved markedly, with its total size reaching the multi-trillion-dollar level. Even asset losses at the scale of $1 billion, $2 billion or even $5 billion will not deliver a devastating blow to the entire market, and the market's risk resistance capability has been significantly enhanced compared to prior periods.</p>
BreakingLive updates: Binance $6.3B hack linked to North Korea’s TraderTraitor
Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.
