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In late June, Zhang Nangeng, the founder of Canaan Zhizhi, led Beijing Canaan’s executives to Hangzhou, and took away the official seal and business license of Hangzhou Canaan. Infighting.
Summary
Summary
Topic: Once Jianan Yunzhi falls into internal strife, the future prospects may be even more bleak. Jianan Zhizhi is not only the first stock in the blockchain, but also the manufacturer of the first ASIC mining machine. In 2013, Canaan was the first to create an ASIC mining machine, but gradually fell behind in the subsequent competition; in 2019, Canaan was the first to go public among mining machine manufacturers, but its stock price has been falling all the way since its listing. The highest point fell by more than 86%. The lessons learned from Bitmain are still there. Canaan Yunzhi, whose prospects are already uncertain, may be even more bleak in the future once it falls into internal fighting.
Quotes: There is a lot of pressure on the top, pay attention to the support below. The total market value of digital tokens this week was US$278.02 billion, an increase of US$11.07 billion or about 4.1% compared to last week; the average daily turnover rate was 22.2%, an increase of 1.9% from last week. The current price of BTC is 9278.8 US dollars, with a weekly decline of 2.1%, and the average daily trading volume is 15.9 billion US dollars. The current price of ETH is 240.98 US dollars, a weekly decline of 6.9%, and the average daily trading volume is 7.34 billion US dollars. This week, the BTC balance on the exchange was 2.371 million, a decrease of 2136 from last week. The ETH balance on the exchange was 13.422 million, an increase of 98,686 from last week. Among the BICS secondary industries, the proportion of the banking service industry has increased significantly.
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Risk warning: regulatory policy risk, market trend risk
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1 Jianan is caught in internal strife, what is the future?
1.1 Clean up the "Hangzhou Gang"
The founder of Jianan Zhizhi went to Hangzhou to grab the official seal. Since Li Guoqing led the big man to snatch Dangdang's official seal, the blockchain seems to be broken. In May of this year, Bitmain Liu Luyao commanded and robbed the business license at the Haidian Government Service Center in Beijing. In late June, Zhang Nangeng, the founder of Canaan Yunzhi, led Beijing Canaan’s executives to Hangzhou, took away the official seal and business license of Hangzhou Canaan (Hangzhou Jianan Yunzhi Information Technology Co., Ltd.), and also dismissed Hangzhou Canaan’s executives. Multiple managers.
The management of Hangzhou Jianan has undergone major changes. On July 9, Hangzhou Canaan’s corporate information changed. Zhang Nangeng’s position in Hangzhou Canaan was changed from chairman and general manager to executive director and general manager. Former directors Li Jiaxuan, Sun Qifeng, Kong Jianping and former supervisor Tu Songhua withdrew from the main staff , Meng Lu was added as a supervisor, and the corporate contact person was changed from financial Zhang Jing to Zhang Ning.
The status of the Hangzhou company is crucial, and the "Hangzhou gang" has been marginalized. The structure of Canaan Zhizhi is that the Cayman company controls the Hong Kong company, the Hong Kong company controls the Hangzhou company, and the Hangzhou company controls various domestic subsidiaries, so the Hangzhou company has a very important position. Previously, the legal person of the Hangzhou company was Zhang Nangeng, but the official seal and business license were controlled by the Hangzhou company. According to media reports, people familiar with the matter said that the "Hangzhou Gang" has been marginalized.
On the evening of July 9, the official account of Canaan Technology, which is controlled by Canaan Beijing, released an announcement titled "Canaan completes the iteration of management professionalization and continues to promote the "blockchain + AI" strategy": Canaan's current production and operation activities are all Normally, after the completion of the above industrial and commercial changes, Canaan, as a NASDAQ-listed company in the United States, will have Zhang Nangeng as the company's executive director, general manager, and legal representative for all its subsidiaries in China, and the corporate governance structure will be clearer and more unified. After Canaan’s listing, Chairman and CEO Zhang Nangeng owns 15.0% of the shares and 72.6% of the voting rights. Regardless of Canaan’s development history or equity distribution, Zhang Nangeng has absolute control over the company.
1.2 Infighting has already begun
Except for Zhang Nangeng, the other two co-founders have withdrawn from the list of directors. In April 2013, Zhang Nangeng and Li Jiaxuan founded Beijing Jianan Yunzhi Information Technology Co., Ltd. as co-founders; in December 2013, Liu Xiangfu joined, and the three each held 33.3% of the shares. Zhang Nangeng and Li Jiaxuan controlled the company through an acting-in-concert agreement. Today, except for Zhang Nangeng, the three co-founders have withdrawn from the list of directors.
Previously, co-founder Liu Xiangfu withdrew from the list of directors due to differences of opinion. In January 2019, Liu Xiangfu withdrew from the list of directors of the company. According to media reports, it was because of disagreements about the development strategy: Canaan itself does not mine or operate mining pools. Most executives hope to maintain the status quo and continue to build the company into a company that focuses on A manufacturer of encryption mining and artificial intelligence chips, and Liu Xiangfu does not agree with this.
1.3 What is the future fate?
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2 Market: There is a lot of pressure on the top, pay attention to the support below
2 Market: There is a lot of pressure on the top, pay attention to the support below
2.1 The overall market: a slight increase
This week, the ChaiNext Digital Asset 100 Index closed at 857.7 points, up 5.2%. The ChaiNext Digital Asset 100X Index closed at 2337 points, up 11.3%.
The total market value of digital tokens this week was US$278.02 billion, an increase of US$11.07 billion or about 4.1% compared to last week.
The average daily turnover of the digital token market was US$61.29 billion, an increase of 13.0% from last week, and the average daily turnover rate was 22.2%, an increase of 1.9% from last week.
This week, the BTC balance on the exchange was 2.371 million, a decrease of 2136 from last week. The ETH balance on the exchange was 13.422 million, an increase of 98,686 from last week.
The market value of USDT is 9.19 billion US dollars, and the premium of USDT relative to the US dollar remains basically unchanged.
2.2 Core Tokens: Upward Volatility
The current price of BTC is 9278.8 US dollars, with a weekly decline of 2.1% and a monthly decline of 6.0%. The average daily turnover is US$15.9 billion, and the average daily turnover rate is 9.3%.
The current price of ETH is 240.98 US dollars, with a weekly decline of 6.9% and a monthly decline of 2.6%. The average daily turnover is 7.34 billion US dollars, and the average daily turnover rate is 27.4%.
The volatility of mainstream digital tokens rose slightly this week. The monthly volatility of BTC increased by 0.7% from last week; the monthly volatility of ETH increased by 1.9% from last week.
2.3 BICS industry: the market value of banking services has grown significantly
Among the top five BICS (Blockchain Industry Classification Standard, Blockchain Industry Classification Standard) secondary industries, the proportion of the banking service industry has increased significantly; the market value of the retail e-commerce industry has decreased significantly.
The secondary industries of BICS that saw a significant increase in the number of tokens this week were public services and media content, while token asset management and non-bank finance experienced a significant decline.
Long-term currency holders may consider regular investment or bargain hunting. In the long run, BTC has a high investment value, and it is still a good time to invest in digital assets such as BTC. Long-term currency holders may consider regular investment or bargain hunting.
Long-term currency holders may consider regular investment or bargain hunting. In the long run, BTC has a high investment value, and it is still a good time to invest in digital assets such as BTC. Long-term currency holders may consider regular investment or bargain hunting.
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3 Output and popularity: Computing power rises, popularity drops
This week, according to Google Trends, the search popularity of the term Bitcoin is 10, and the search popularity of Ethereum is 13, a slight increase compared to last week.
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4 Industry news: new progress has been made in the central bank's digital certificate
4.1 Didi, Meituan, Bilibili, etc. participate in DC/EP work
The Digital Currency Research Institute of the Central Bank and Didi Chuxing formally reached a strategic cooperation agreement to jointly research and explore the scene innovation and application of digital renminbi in the field of smart travel. Both Meituan Dianping and Bilibili (Bilibili) have cooperated with a number of banks participating in the DC/EP project. Meituan Dianping may try to expand the usage scenarios of Meituan bicycles. technology development stage.
4.2 The Central Bank of Lithuania began to pre-sell the digital token LBCoin
On July 9, the digital token LBCoin issued by the Central Bank of Lithuania began to register for pre-sale on the website, and it will be officially released on July 23. The digital certificate is produced based on blockchain technology and is also part of Lithuania's pilot digital certificate and blockchain technology project with a state-backed background.
Note:
Note:
Due to some reasons, some nouns in this article are not very accurate, mainly such as: general certificate, digital certificate, digital currency, currency, token, crowdsale, etc. If readers have any questions, they can call or write to discuss together.
Due to some reasons, some nouns in this article are not very accurate, mainly such as: general certificate, digital certificate, digital currency, currency, token, crowdsale, etc. If readers have any questions, they can call or write to discuss together.
