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BlockBeats news: On August 6, on Trade.xyz, Unitree Technology’s (Yushu) perpetual contract before its IPO was quoted at USD 68.2, or about RMB 460. This corresponds to an estimated market capitalization of about USD 27.9 billion, or about RMB 190.6 billion. Based on the IPO prospectus’s target issue valuation of about RMB 42 billion, it is expected to generate a 4.5x new-share subscription profit after trading begins.
Yushu plans to issue about 40.45 million shares for its IPO on the ChiNext/STAR Market, accounting for 10% of the total share capital after the offering. The IPO prospectus targets an issue valuation of about RMB 42 billion. The 40.45 million shares correspond to an issued market value of RMB 4.2 billion. The estimated offer price per share is about RMB 104 (the final price will be determined through bookbuilding and may be slightly adjusted). One subscription lot is 500 shares, and the estimated amount to be paid per winning lot is about RMB 52,000.

BlockBeats message. On August 6, Strategy’s official released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap" (Strategy’s ambition is to become the world’s largest company by market cap). The video states that our goal is to become the largest global company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR).
Strategy will support its digital lending business by issuing STRC. The digital lending business helps create better MSTR equity; stronger MSTR equity enhances the company’s ability to accumulate more BTC, ultimately continuously increasing the number of bitcoins per share.

BlockBeats message, August 5, according to Fox News, the U.S. Treasury Department removed from its website certain sanctions related to Iran. A Treasury official said: "This does not mean that U.S. policy toward the Iranian government, the Islamic Revolutionary Guard Corps’ Quds Force, any designated terrorist organizations, or their supporters or agents has changed in any way. Today’s removal is part of a routine administrative process, conducted after reviewing specific circumstances involving Baghdad Airlines."
Earlier, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) website posted an update (reversing the anti-terror designation), lifting some Iran-related sanctions, including removing Fly Baghdad (Baghdad Airlines) from the sanctions list. Baghdad Airlines had previously been added to the counterterrorism sanctions list due to alleged links to Iran’s Islamic Revolutionary Guard Corps’ Quds Force.

BlockBeats news: On August 5, the HIP-3 decentralized exchange platform Trade.xyz has listed Unitree Technology’s (Unitree) pre-IPO perpetual futures contract. The current quote is $69, corresponding to a post-listing market value of about $27.9 billion.
In addition, yesterday the HIP-3 decentralized exchange platform Paragon also listed Unitree Technology’s (Unitree) pre-IPO perpetual futures contract, with the current quote at $68.8.
The UNITREE pre-market perpetual futures contract price represents the U.S. dollar price for 1 share of Unitree Technology’s ordinary stock. Unitree’s Sci-Tech Innovation Board IPO plans to issue at least approximately 40.45 million shares, representing 10% of the total shares outstanding after the offering; the total shares outstanding after the offering are about 404.5 million shares. The current contract price corresponds to an implied market capitalization of $27.9 billion, or about RMB 190.6 billion. Unitree’s IPO prospectus targets an offering valuation of about RMB 42 billion (approximately $5.8–$6.2 billion), and it is expected that the IPO will generate a 4.5x return from new-share subscriptions after the market opens.

BlockBeats message: On August 5, the U.S. released its ADP employment report for July. The number of ADP jobs added came in at 44,000, below the forecast of 70,000 and the prior figure of 98,000. Hiring by U.S. private companies slowed sharply in July, with most of the new positions coming from the healthcare sector. The ADP report said that the month’s seasonally adjusted growth in nonfarm employment positions (excluding government) was 44,000, down from the 95,000 jobs in June after downward revision, and below the market expectation of 75,000.
Overall, all growth came from the services sector: the industry added 47,000 jobs, while goods-producing firms cut 3,000 jobs. Among these positions, the education and healthcare services industries created 36,000 jobs, continuing the sector’s long-standing trend of leading employment growth. Financial activities added 10,000 jobs, professional and business services contributed 9,000, and employment in other services categories increased by 6,000.

BlockBeats news: On August 5, Strategy announced it would join the “Investment in American Commercial Commitments” program. For each eligible minor child of U.S. employees, the company will contribute $250 per year to a Trump account (i.e., the 530A account), regardless of the child’s birth year. For children born on or after January 1, 2025, there will also be an additional one-time match of the $1,000 seed funding provided by the U.S. government.
Strategy President and CEO Phong Le said: “The Trump account and the investment in American initiative can help build a stronger financial future for American children. The company will match the government’s initial $1,000 contribution and provide additional annual contributions for eligible employees’ children. These accounts can encourage financial education, long-term thinking, and the cultivation of a savings and investing culture from a young age—goals that are highly aligned with Strategy’s values and its optimistic belief in the future.”