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Odaily reported that Axe Compute announced that the underlying infrastructure provider for its $260 million enterprise-level contract is the global distributed GPU infrastructure Aethir. Axe Compute confirmed receipt of the first $43 million payment under the contract, and Aethir has officially initiated the delivery process of the corresponding 2,304 NVIDIA B300 GPU cluster computing resources. The target go-live date is the third quarter of 2026. This contract is structured as a 36-month pay-as-agreed agreement and is expected to generate approximately $21 million in revenue per quarter after going live.

According to ChainCatcher, ZachXBT stated that approximately $12.4 million in funds in the Zama cUSDC contract, which was blacklisted by Circle, may be connected to the DeFi project Overnight Finance. The latter has recently been embroiled in controversy after its team was accused of a rug pull.

The meeting mainly discussed and reached multiple consensuses on topics such as the macroeconomic situation and policy, and strengthening regional financial cooperation. Minister of Finance Lan Fo'an attended the meeting and delivered a speech. The co-chairs of the Multilateral Consultation Meeting of the Shanghai Cooperation Organization (SCO) Development Bank, China and Kyrgyzstan, reported the latest progress on establishing the SCO Development Bank at the meeting. Lan Fo'an pointed out that this year marks the 25th anniversary of the founding of the SCO. Over the past 25 years, the SCO has upheld the “Shanghai Spirit” and played an important role in maintaining regional security and stability as well as promoting regional economic cooperation. At present, the international environment is complex and severe, and global economic recovery faces greater difficulties. SCO member states should uphold the “Shanghai Spirit,” implement the consensus of the Tianjin Declaration, practice the global governance initiatives, deepen policy communication and pragmatic cooperation in the financial sector, and jointly promote regional prosperity and stability.Lan Fo'an emphasized that the establishment of the SCO Development Bank is an important political decision made at the Tianjin Summit. After the Tianjin Summit, all parties, adhering to the principle of openness and inclusiveness, launched a mechanism for multilateral consultations for the SCO Development Bank. China is willing to work with all parties to accelerate the preparation process for the SCO Development Bank in line with the principles of internationalization, standardization, and high standards, contributing pragmatic outcomes to this year's SCO Leaders' Summit.Lan Fo'an stated that China has always been a positive promoter of world economic prosperity and stability and the greatest source of certainty. Since the beginning of this year, China's economy has continued its stable and positive trend, demonstrating strong resilience and vitality. China will continue to pursue high-quality development, expand high-level opening-up, and share development opportunities and dividends with SCO members and countries around the world.During the meeting, Lan Fo'an held bilateral talks with Kyrgyzstan’s Minister of Finance Suinaliev upon request and exchanged greetings or held discussions with representatives from Kazakhstan, Tajikistan, Uzbekistan, and the SCO Secretariat, exchanging views on various bilateral and multilateral financial issues of mutual concern.