South China Morning Post: The US liquidation of Bitcoin and Ethereum may have improved due to the performance of photo and video editing applications
On December 5, Meitu Inc. had previously sold approximately 31,000 Ethereum and 940 Bitcoin, of which about 80% of the funds will be used to pay special dividends. According to the South China Morning Post, related dividends may be paid in cash around June or July 2025, with remaining profits used as operating capital. It is reported that Meitu hopes to refocus on developing its core photo, video and design products. For years, Meitu has been striving to monetize its applications including attempting to produce smartphones specifically designed for selfie enthusiasts and transforming its selfie application into a social media platform; recent efforts seem to have significantly boosted its performance. On Thursday morning trading session, Meitu's stock price rose by 3.15% to HK$2.95 (40 US cents), down by 65% from its listing price in 2016.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Finance Minister: Sanae Takaichi is not a "reflationist" and highly respects the independence of the central bank
The Japanese Finance Minister stated that Ms. Komei herself has repeatedly requested her to clarify this position to overseas investors. This statement attempts to dispel the market’s perception that the Komei government interferes with the central bank or pursues a loose monetary policy. Last Wednesday, two committee members nominated by Komei opposed a Bank of Japan interest rate hike, further reinforcing the market’s view that the Japanese government tends to delay rate increases.
HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
Report: Anthropic in talks to lease up to 1GW of data center capacity, with related investments of at least 40 billions dollars
According to media reports, Anthropic is considering renting up to 1GW of computing power from Stream Data Centers. The data center developer indicated that deploying a full 1GW of computing power would require an investment of at least 40 billion USD. Anthropic needs to provide financial guarantees for this lease and separately raise funds for the installed chips.
Crypto prices
More
