According to BlockBeats, Changxin Technology, a leading Chinese domestic memory chip manufacturer, opened for subscription today, July 16th, and is expected to become the world's third-largest DRAM supplier. Currently, the consensus forecast from institutions is that the online subscription rate will range from 0.30% to 0.70%, with a neutral mainstream expectation of approximately 0.45%. This is about 10 to 20 times higher than the typical subscription rate of only 0.02% to 0.05% for ordinary STAR Market IPOs, indicating a widespread "sunshine" market.

The core reason for the significantly increased success rate is that a large portion of the strategic placement was reallocated to online channels for retail investors, resulting in a record high for online issuance on the STAR Market. Based on a neutral 0.45% calculation, a daily average market value of 200,000 yuan in the Shanghai Stock Exchange could secure approximately 40 allocation numbers, with a single account having a success rate of about 18% . Theoretically, a daily average market value of 1 million yuan would guarantee at least one successful allocation, and a maximum subscription of 16.72 million yuan would likely secure about 15 allocations. This unprecedentedly broad-based IPO window is rare in the history of the STAR Market, with retail investors having a significantly higher success rate than any other popular IPO in recent years.

However, it should be noted that the current data are all brokerage forecasts. The Shanghai Stock Exchange will release the official lottery results after the market closes on July 17. Regarding key dates, the winning numbers will be announced on July 20. Users must have sufficient funds in their accounts to complete payment before 4 PM on that day. Each winning bid of 500 shares corresponds to a payment of 4330 yuan. Institutions estimate that the profit potential for a single winning bid is between 3000 yuan and 26,000 yuan.

According to BlockBeats, on July 16th, TSMC announced that its capital expenditures over the next three years will be significantly higher than the past three years, with full-year capital expenditures projected to be between $60 billion and $64 billion, compared to the previous forecast of $52 billion to $56 billion. In addition, TSMC plans to invest an additional $100 billion in Arizona, USA.

Earlier reports indicated that market data showed TSMC (TSM) related contract prices on Hyperliquid surged during the day before falling back, with the decline once widening to over 4%, currently trading at 3.6%. TSMC today released its Q2 2026 financial report, with net profit increasing by 77% year-on-year to NT$706.6 billion, a record high and exceeding market expectations; Q2 revenue increased by 36% year-on-year to NT$1.27 trillion, with high-performance computing (HPC) business revenue increasing by 20% quarter-on-quarter.

According to BlockBeats, on July 16, Lookonchain monitored a newly created whale address that deposited $10 million USDC into the Hyperliquid platform to short CXMT (Changxin Memory Technologies, the listed entity of Changxin Technology).

The wallet has opened a 1x short position of 514,357 CXMT (worth $3.8 million) and set a limit order to build another 490,000 CXMT (worth $4.17 million) short position between $8 and $9.

According to BlockBeats, on July 16th, Changxin Memory Technologies, a leading Chinese domestic memory chip manufacturer, opened for subscription. Hyperinsight monitoring shows that the pre-IPO contract price of CXMT (Changxin Memory, listed under Changxin Technology) on Hyperliquid is currently $7.26, equivalent to RMB 48.6. Based on a total share capital of 66.881 billion shares after issuance, the implied on-chain market capitalization is approximately $485.5 billion, equivalent to approximately RMB 3.3 trillion.

Based on this market value, if a retail investor wins an online subscription today, the cost of each 500-share subscription would be 4,330 yuan. On the first day of listing, the estimated market value of 500 shares would be 24,300 yuan, with a profit of approximately 20,000 yuan per subscription.