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Jinse Finance reported that bitcoin mining machine manufacturer Canaan has secured a $72 million equity investment from Brevan Howard, Galaxy Digital, and Weiss Asset Management, aiming to deepen its cooperation with institutional investors. Canaan announced on Tuesday that the investment was completed through the purchase of 63.7 million American Depositary Shares (ADS) at a price of $1.131 per share, with each ADS representing 15 Class A ordinary shares. The company noted that the transaction does not involve warrants, options, or other derivatives, and is a direct equity transaction, highlighting investors' confidence in the company's fundamentals. Canaan stated that this financing will strengthen its balance sheet and reduce its reliance on future "at-the-market" or other dilutive financing methods. On the day the announcement was released, Canaan's stock price fell by 15%, in line with the general downward trend of bitcoin-related stocks in the market.

Jinse Finance reported that Linea announced on the X platform that its token burn mechanism is now officially live. From now on, every transaction on the Linea chain will burn both ETH and LINEA, directly reducing the token supply to implement deflation. All gas fees on Linea are paid in ETH and collected through a fee contract. After deducting infrastructure costs, the remaining funds will be 100% burned, including 20% burned in the form of ETH and 80% converted to LINEA and burned on L1. In addition, the token burn data tracking feature has also been launched.