According to @KobeissiLetter, Zinjin Gold, the international unit of China’s largest gold miner, surged more than 60% in its IPO debut [source: @KobeissiLetter]. The source reports this is the world’s largest IPO since May 2025 [source: @KobeissiLetter]. The source adds that investor demand for gold is through the roof, underscoring strong primary-market appetite for gold-linked equities [source: @KobeissiLetter]. No direct crypto market impact was cited by the source [source: @KobeissiLetter].