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Zcash ETF hits $463M; FBI seizes $560K from Hamas; CZ predicts Bitcoin could surpass gold.
Zcash ETF Net Assets Reach $463 Million as ZEC Nears $1,200
BeInCrypto - Grayscale's Zcash ETF (ZCSH) holds $463.2 million in assets as ZEC trades near $1,185, up 11% in a day. The post Zcash ETF Net Assets Reach $463 Million as ZEC Nears $1,200 appeared first on BeInCrypto.
How FBI Traced and Seized $560K in Crypto From Hamas’ Network
Bitcoin.com - FBI agents combined blockchain analytics, human intelligence, and court orders to trace and seize more than $560,000 in cryptocurrency intended for Hamas. The operation followed funds through shared wallets, cross-chain bridges, exchanges, and stablecoin accounts. Shared Gas Wallets Expose a Wider Network Federal investigators built the seizure cases by connecting blockchain transactions with donation addresses […]
Moore Threads Falls 20% as 25.77 Million IPO Shares Unlock
Binance News - Moore Threads fell by the 20% intraday limit on September 7, pushing its market value below 200 billion yuan. According to ChainCatcher, the decline came as 25.7745 million shares from the company’s initial public offering under placement restrictions were unlocked that day. A company staff member said the date marked a large unlock of restricted shares from the offline placement and urged investors to view the move rationally, adding that the company’s fundamentals remain normal.
STOCKS | Jianyuan Technology Opens Beijing Branch With Rocket Engine Business
Binance News - According to Jin10, Beijing Jianyuan Technology Co., Ltd. Beijing Branch was recently established, with business scope including research and development and manufacturing of rocket launch equipment, research and development of rocket control systems, civilian space launch technology services, and research and development and manufacturing of rocket engines. Qichacha information shows that its parent company is Beijing Jianyuan Technology Co., Ltd.
Japanese Stocks Surge in Morning Trade; Yen Weakens to 156.11/13
Binance News - Japanese stocks jumped sharply in morning trade, with the Nikkei 225 index closing the half-day session at 66,460, up 1,439 points, or 2.21%, according to ETNet. South Korea's KOSPI index was last at 6,892, up 205 points, or 3.07%. The dollar was quoted at 156.11/13 yen.
STOCKS | ICBC, ABC Fall On 360 Billion Yuan Capital Injection Plan
Binance News - Industrial and Commercial Bank of China (01398) H-shares fell 1.7% to HK$7.565, while Agricultural Bank of China (01288) dropped 1.5% to HK$6.445 after eight central financial firms announced plans to raise capital through targeted placements and direct injections, according to ETNet. The eight firms plan to add a combined RMB 360 billion in capital. The Ministry of Finance will contribute RMB 300 billion through the issuance of special sovereign bonds, while China Tobacco and related subsidiaries will contribute RMB 60 billion. The announcement covers two state-owned banks, four state-owned insurers and two policy banks, and marks the first time large state-owned ...
STOCKS | Hong Kong Robot Stocks Rise, Geekplus Gains Nearly 5%
Binance News - According to Jin10, Hong Kong robot stocks rose, with Geekplus (02590.HK) up nearly 5%, UBTECH Robotics (09880.HK) up more than 3%, and Hesai-W (02525.HK), Black Sesame Technologies (02533.HK), and Horizon Robotics (09660.HK) all up more than 1%.
XRP Trading Volume Surges on Binance Amid Increased Market Activity
TheCurrencyAnalytics - XRP had a big August. Spot trading volume on Binance hit $7.28 billion last month — the highest reading in… Read the original on XRP Trading Volume Soars to $7.28 Billion on Binance Amid 659% Address Surge. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
STOCKS | South Korea's Exports to India Rise 30.8% in January-August on Chip Demand
Binance News - South Korea's exports to India rose 30.8% in January-August to $16.8 billion from $12.84 billion a year earlier. According to Sina Finance, the Korea Trade-Investment Promotion Agency (KOTRA) said the increase was driven by strong semiconductor demand, while South Korean semiconductor firms and materials, parts, and equipment makers continued expanding their presence in the Indian market amid India's industrialization push.
Singapore Airlines Cancels All Jakarta Flights on September 7 After Indonesian Volcano Eruption
Binance News - Singapore Airlines said on Facebook that it canceled all flights to and from Jakarta on September 7, as well as one flight on September 8, because of the eruption of Indonesia's Anak Krakatau volcano. According to Sina Finance, the airline said other flights between Singapore and Indonesia may also be affected as the situation remains fluid.
AI TRENDS | DeepSeek Plans 160,000 Huawei AI Chips For Inner Mongolia Data Center
Binance News - Bloomberg reported that DeepSeek plans to deploy at least 160,000 of Huawei's most advanced AI accelerator chips at a data center under construction in Inner Mongolia. The planned cluster could become one of the largest known Huawei AI chip installations and would further reduce China's reliance on Nvidia chips, according to ETNet. DeepSeek is said to be considering Huawei's next-generation Ascend 950DT chips to run its models, but the timing of installation will depend on Huawei's production capacity. One source said DeepSeek does not currently plan to use the 950DT chips for model training and still relies mainly on Nvidia ...
STOCKS | Goldman Sachs Raises Asia-Pacific Ex-Japan Index Target to 1,120
Binance News - According to Jin10, CNBC reported that Goldman Sachs raised its Asia-Pacific ex-Japan index target from 1,080 to 1,120.
AI TRENDS | China’s AI Model Usage Leads for 19th Straight Week as Tencent Hy4 Preview Tops Rankings
Binance News - According to Jin10, OpenRouter data showed that global AI model usage totaled 115 trillion tokens in the week of August 31 to September 6, up 1.77% from the previous week. Among listed AI models, China’s AI models recorded 56.72 trillion weekly tokens, up 2.83% week on week, while U.S. AI models logged 16.54 trillion weekly tokens, down 3.1%. China’s weekly model usage exceeded the U.S. for the 19th consecutive week, keeping the global lead. Four of the top five AI models by weekly usage were Chinese models, and Tencent Hunyuan Hy4 Preview ranked first with 14.7 trillion weekly tokens, up 379% week on week.
STOCKS | Xiaomi Falls 3.8% Ahead Of New Vehicle Launch Event
Binance News - Xiaomi fell 3.8% to HK$27.36 on turnover of about 66.55 million shares worth HK$1.834 billion, according to ETNet. The company is set to hold its autumn flagship product launch event at 7:00 PM tonight, where it will unveil and officially launch three new models in its all-new extended-range SUV series, Xiaomi Pengcheng: the N70 Pro, N70 Max and N90 Max. Xiaomi founder Lei Jun said the lineup includes five-seat and seven-seat versions, and features a front double-wishbone and rear multi-link suspension, high-speed tire blowout stability control, emergency floating capability, low-speed warning lights, a 1.5T Kunlun range extender, long range ...
Goldman Sees China Property Changes Cutting Land Sales 30%
Binance News - China’s recent overhaul of how homes are sold will worsen already stretched local government finances and drive a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said, according to Bloomberg.
GEOPOLITICS | Won Rises to Near Two-Year High as Semiconductor Stocks Rally
Binance News - The South Korean won climbed to its strongest level in nearly two years on Monday, helped by a rally in semiconductor stocks and continued foreign inflows into the country’s benchmark equity index, according to Bloomberg.
STOCKS | Hong Kong PCB Concept Stocks Strengthen Intraday
Binance News - According to Jin10, Hong Kong PCB concept stocks strengthened again intraday, with Guanghe Technology (01989.HK) rising more than 10%, Xinqi Micro-Assembly (09630.HK) rising nearly 10%, Han's CNC (03200.HK) and Victory Giant Technology (02476.HK) both rising more than 6%, Kingboard Laminates Holdings (01888.HK) rising more than 5.5%, and Dingtai High-Tech (01377.HK) among the gainers.
CZ Says Bitcoin Could Overtake Gold Next Bull Run: The Price It Needs to Hit
BeInCrypto - CZ says Bitcoin could overtake gold this cycle. BeInCrypto checks the BTC price target that flip would require. The post CZ Says Bitcoin Could Overtake Gold Next Bull Run: The Price It Needs to Hit appeared first on BeInCrypto.
Jupiter Climbs While Pons Experiences Significant Losses in Market Fluctuations
TheCurrencyAnalytics - Jupiter surged 18.86% to $0.2670, topping the gainers list, while Pons fell 15.72% to $0.8033, leading the losers. Zcash and Bittensor also posted notable gains. Read the original on Jupiter Gains 18.86% While Pons Falls 15.72% in Wild Market Fluctuations. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
STOCKS | China Ruyi Jumps More Than 10% As Turnover Hits HK$142 Million
Binance News - China Ruyi Holdings (00136) rose as much as 10.3% to HK$1.505, breaking above its 100-day moving average of HK$1.442, before closing up 9.5% at HK$1.495, according to ETNet. The stock traded 96.46 million shares worth HK$142 million. It has gained for three straight sessions, with a cumulative rise of 22.5%. The active buy-sell ratio was 70:30, with net active buying of HK$54.46 million.
STOCKS | Dexin-B Surges 21.1% As Trading Hits Cooling-Off Period
Binance News - Dexin-B (02526) rose 21.1% to HK$600, with turnover of 30,000 shares worth HK$17.73 million, according to ETNet. The stock hit a high of HK$600 and a low of HK$465. At 9:49 AM, the move triggered the market volatility control mechanism and sent the shares into a five-minute cooling-off period, during which trading was limited to between HK$446.4 and HK$603.5. Normal trading was scheduled to resume at 9:54 AM. Dexin-B is a constituent of the Hang Seng Composite MidCap Index, and the mechanism is triggered when a stock's price moves more than 15% from the last traded price five minutes earlier during continuous trading sessions.
STOCKS | ZTE Corp Rises 9.3% As Turnover Reaches HK$1.25 Billion
Binance News - ZTE Corp (03308) rose as much as 10.0% to HK$1,108 before easing to HK$1,100, up 9.3%, after breaking above its 20-day moving average of HK$1,077.07, according to ETNet. The stock traded 1.1519 million shares worth HK$1.245 billion. It has gained for three straight sessions, with a cumulative rise of 10.6%. The active buy-sell ratio was 70:30, with net active buying of HK$471 million.
STOCKS | Hong Kong Optical Communication Stocks Extend Gains
Binance News - According to Jin10, Hong Kong optical communication stocks continued to strengthen, with CIG Shanghai (06166.HK) rising more than 14.5%, Zhongji Innolight (Innolight Technology) (03308.HK) rising nearly 10%, Haiguang Xinzhi (01191.HK) rising nearly 7%, Huiyu Technology (01729.HK) rising nearly 6%, and Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) and Hua Hong Semiconductor (01347.HK) both rising more than 4%.
STOCKS | Goldman Sachs Maintains Bullish Kospi Target, Sees AI Boost for Memory Chip Makers
Binance News - According to Jin10, Goldman Sachs strategists maintained their bullish target for South Korea's stock market, saying investors are underestimating AI's boost to memory chip makers. They kept their 12,000-point target for the Kospi index, implying nearly 80% upside remains.
STOCKS | Bilibili Falls 2.7% After $700 Million Convertible Note Sale
Binance News - Bilibili (09626) fell 2.7% to HK$118.1 after announcing a $700 million offering of convertible senior notes, according to ETNet. The initial conversion price is about HK$155.79 per share, a premium of about 28.3% to Friday's close of HK$121.4. Tencent (00700), a shareholder, subscribed to $200 million of the notes, while another $500 million was sold to other initial purchasers at 98.35% of principal. Bilibili expects net proceeds of about $690 million, or about HK$5.41 billion. It plans to use about $100 million to hedge and repurchase about 6.796 million ...
STOCKS | Zijin Gold International Falls 0.7% After 449,800-Share Cross Trade
Binance News - Zijin Gold International (02259) fell 0.7% to HK$161.7 after a cross trade of 449,800 shares was recorded at 9:36 a.m., according to ETNet. The trade was done at HK$161.7 a share, 0.7% below the previous close, and involved HK$72.73 million. The stock later traded 1.0902 million shares worth HK$176 million, with active buy-sell ratio at 63:37 and net active buying of HK$13.41 million.
STOCKS | Tracker Fund Records 900,000-Share Cross Trade At HK$26.16
Binance News - Tracker Fund of Hong Kong (02800) recorded an automatic cross trade of 900,000 shares at 9:38 AM at HK$26.16 a share, 0.4% below the previous close, involving HK$23.54 million, according to ETNet. The fund was down 0.4% at HK$26.16. Turnover reached 58.15 million shares worth HK$1.522 billion, with the active buy-sell ratio at 50:50 and net active selling of HK$9.7916 million.
Vitalik Buterin Sees 60% Chance SNARKs, FHE, and iO Run at Under 10x Cost
Binance News - Ethereum co-founder Vitalik Buterin said SNARKs, FHE, and iO each have a 60% chance of eventually running at less than 10 times the cost. According to ChainCatcher, he said SNARKs are the most likely to achieve this first, with implementation expected by the end of this century.
U.S. Senator Cynthia Lummis Says CLARITY Act Delay Could Push Market Structure Bill to 2030
Binance News - U.S. Senator Cynthia Lummis said that if the CLARITY Act does not pass in the current Congress, the next chance to reintroduce market structure legislation may not come until 2030. According to Foresight News, Lummis said passing the bill now would help avoid wasting years of jobs, investment, and tax revenue.
Chancellor To Unveil £150m Fund For Northern Firms
Binance News - Chancellor John Healey is set to announce a £150m fund for companies in the north of England as part of a wider plan to boost UK economic growth, according to BBC. The money, drawn from funds already allocated to the British Business Bank, will offer investments of between £5m and £15m for the most innovative and fast-growing firms, including university spin-outs and other ambitious businesses. Healey is expected to say public investment can unlock private capital, support the innovation economy and create jobs in the regions. The speech comes ahead of his first Budget on 28 October, against a backdrop of higher government ...
ASIA MARKET OPEN | Nikkei Jumps 2% and KOSPI Adds Over 3% at Open on Chip Rally; Hong Kong Dips
Binance News - According to Yonhap, HKET and UDN Money, Asian equities opened broadly higher on Monday, led by a chip-driven rally in Tokyo and Seoul, while Hong Kong slipped at the open. Tokyo's Nikkei 225 opened sharply higher, trading around 66,320.31 as of 01:39 UTC, up about 2.00% (+1,299.37), with chip-equipment names leading. Tokyo Electron rose 4.67% and Advantest gained 4.53%, while Sony eased 2.27%. Seoul's KOSPI opened at 6,910.78, up 223.57 points, and was at 6,886.58 as of 01:39 UTC, up 2.98%. The KOSDAQ opened at 822.91, up 9.41 points. Samsung ...
PBOC Conducts RMB 5 Billion 7-Day Reverse Repo At 1.4%
Binance News - The People's Bank of China conducted RMB 5 billion of 7-day reverse repos today at an unchanged rate of 1.4%, according to ETNet. RMB 5 billion of reverse repos matured in the open market today, leaving a net drain of RMB 4.5 billion. The central bank also said it would roll over RMB 500 billion of 3-month buyout reverse repos today, matching the amount due. The operation matures on December 5, 2026, or the next business day if that falls on a holiday.
STOCKS | Hang Seng Index Rebalance Takes Effect As Huahong And Weichai Move Differently
Binance News - The Hang Seng Index quarterly review took effect today, with the two new blue-chip additions opening in mixed fashion, according to ETNet. Huahong Semiconductor (01347) rose 1.9% to HK$111.8, with turnover of about 3.74 million shares worth HK$411 million. Weichai Power (02338) fell 0.4% to HK$32, with turnover of about 9.41 million shares worth HK$302 million. In the Hang Seng Tech Index, newly added Cambricon Technologies (09903) opened up 3.3% at HK$396.4, while removed constituent Tongcheng Travel (00780) opened down 2.7% at HK$11.7. The Hang Seng Index was last at 25,652, up 2 points or ...
Vitalik Updates EIP-8141 Proposal With Batch Execution, Social Recovery, and P256 Signatures
Binance News - Vitalik said he recently updated the EIP-8141 "Frame Transaction" proposal. According to Odaily, the proposal includes atomic batch execution of up to 64 operations, social recovery support, P256 quantum-resistant signatures, and the ability for anyone to pay gas fees for users. The proposal was co-authored by Vitalik, lightclient, and eight other experts, and is planned for inclusion in the 2027 Hegotá upgrade.
LeBron James Teases Partnership With Polymarket
Binance News - According to CNBC, LeBron James teased an upcoming partnership with prediction market platform Polymarket in a social media post on Saturday. James posted a 14-second video on X that appeared to be an advertisement for Polymarket and wrote, "Welcome to Polymarket HQ. Coming soon. In partnership with @Polymarket," while a person familiar with the matter said the broader campaign is expected to focus on football and that further details are expected in the week ahead.
Apple’s First Foldable iPhone To Headline John Ternus Keynote On September 9
Binance News - Apple will hold its first major product keynote under new CEO John Ternus on September 9, with a foldable iPhone expected to headline the event at Apple Park in Cupertino. According to BeInCrypto, the lineup is also expected to include refreshed Siri AI features, the iPhone 18 Pro and Pro Max, and updated Apple Watch models, while analysts say the presentation will test whether Apple’s hardware strength can carry into the AI era.
Rick Bensignor Sees US 10-Year Yield Climbing Toward 6.07%
Binance News - Rick Bensignor, founder of Bensignor Investment Strategies, said the US 10-year Treasury yield could climb toward 6.07%, up from around 4.78% today. According to BeInCrypto, he cited a multi-year uptrend line and said even 5.6% would be a minimum upside target. Bitcoin did not exist the last time the 10-year traded near 6%, in April 2000, and Bensignor said higher yields could pressure BTC’s debasement trade narrative as the token trades near $80,138.
STOCKS | China Benchmarks Open Higher on September 7
Binance News - According to Jin10, China's Shanghai Composite Index opened up 12.39 points, or 0.32%, at 3,942.51 on September 7 (Monday); the Shenzhen Component Index opened up 88.05 points, or 0.65%, at 13,605.02; the CSI 300 Index opened up 19.84 points, or 0.44%, at 4,567.89; the ChiNext Index opened up 39.87 points, or 1.21%, at 3,326.42; and the STAR 50 Index opened up 19.22 points, or 1.22%, at 1,596.58.
STOCKS | HSI Futures Open 93 Points Higher At 25,750
Binance News - Current-month Hang Seng Index Futures (HSI Futures) opened 93 points higher at 25,750, while current-month Hang Seng China Enterprises Index Futures (HSCEI Futures) rose 16 points to 8,577 and Hang Seng Tech Index Futures gained 14 points to 4,588, according to ETNet.
Yuan Midpoint Weakens To 6.7795 Against Dollar
Binance News - China's yuan midpoint weakened to 6.7795 per U.S. dollar on Monday, down 8 pips from the previous trading day and ending a two-session rise, according to ETNet. The fixing was 709 pips weaker than Reuters' estimate and marked the largest gap since February 27. The previous midpoint was 6.7787.
STOCKS | Hong Kong Benchmarks Open Mixed on September 7
Binance News - According to Jin10, Hong Kong's Hang Seng Index opened up 2.1 points, or 0.01%, at 25,652.97 on September 7 (Monday), while the Hang Seng Tech Index opened down 11.73 points, or 0.26%, at 4,558.07. The Hang Seng China Enterprises Index opened down 6.97 points, or 0.08%, at 8,548.06, and the Hang Seng Red Chip Index opened down 7.17 points, or 0.17%, at 4,206.29.
S-Oil May Benefit From Saudi Official Crude Price Cut, NH Investment Securities Says
Binance News - According to Jin10, NH Investment Securities analysts Y.K. Choi and S.W. Ryu said S-Oil may benefit from a cut in Saudi official crude selling prices. The analysts wrote that the official price of Arab Light crude for Asian exports was set at a $2 per barrel discount to the Oman/Dubai average for September and October, compared with a $1.5 per barrel discount in August, extending the downtrend. They said this should help improve the Korean refiner's profit margin. NH Investment Securities also raised its 2026 and 2027 operating profit forecasts for S-Oil by 17% and 26%, respectively.
South Korean Petition Seeking Two-Year Delay on Virtual Asset Tax Gains Over 32,000 Signatures
Binance News - A South Korean parliamentary petition calling for a two-year delay to virtual asset taxation has received more than 32,000 signatures. According to Odaily, the petition will be submitted to the relevant standing committee if it collects another 18,000 signatures before September 20, reaching the 50,000-signature threshold required by law. The petition says postponing the virtual asset tax for two years would help avoid a sharp decline in foreign exchange income and a significant drop in corporate tax revenue.
South Korea Plans 2027 Merger of Five Public Power Companies
Binance News - South Korea plans to merge five public power companies in October 2027 to speed up investment and meet rising energy demand from the country’s artificial intelligence and chip manufacturing industries. According to ChainCatcher, Seoul also plans to streamline state-owned enterprises in the oil, gas, and port sectors.
STOCKS | Korean Won Rises 1% as Kospi Surges and Foreign Funds Pour In
Binance News - The Korean won rose 1% against the U.S. dollar, while the dollar/won rate briefly fell 1% to 1,337.70, its lowest level since October 2024. According to Sina Finance, the move came as the Kospi index jumped 3.3%, and foreign investors bought 597.3 billion won of Kospi component stocks on Monday.
STOCKS | Hang Seng Index Futures Open Day Session Up 0.26%
Binance News - According to Jin10, Hang Seng Index futures opened the day session up 0.26% at 25,687 points, with a premium of 46 points.
STOCKS | BOE A Achieves Full Automation on Glass-Based Packaging Substrate Pilot Line in First Half of 2026
Binance News - According to Jin10, BOE A said at an investor relations event that it invested 993 million yuan in 2024 to build a board-level glass-based packaging substrate pilot line, completed the installation and debugging of major equipment in 2025, and achieved full automation on the line in the first half of 2026. The pilot line is designed for a capacity of 1,000 pieces per month and now covers the full process, including high-aspect-ratio TGV drilling, deep-hole copper filling, low-stress metal wiring, high-layer lamination, high-density wiring, and low-stress cutting, giving it complete glass substrate manufacturing capability.
PRECIOUS METALS | Gold Price Quote Shows Local London Gold At $4,615.13/$4,615.47
Binance News - Local London gold was quoted at $4,615.13/$4,615.47 at 9:01 a.m., while local London silver was quoted at HK$66.40/HK$66.45, according to ETNet. The quote sheet also showed 99 gold at HK$41,325, compared with HK$41,880 in the previous session. The prices are for reference only.
Rumours Lift Yuewen And Baidu Shares
Binance News - Yuewen Group (00772) and Baidu Group (09888) both rose on Friday amid market rumours, according to ETNet. Yuewen closed at HK$21.78, up HK$1.68, with turnover of HK$450 million. The market said funds were buying the stock on expectations that its IP licensing partnerships could expand into the gaming industry. Baidu closed at HK$95.90, up HK$4.40. Market talk said mainland advanced smart-driving development was progressing steadily and could benefit Baidu's business, with some expecting the shares to return above HK$100 in the near ...
Danno Medical Reports Positive Phase IIa Results For Rifluquinone
Binance News - Danno Medical (06872) said its investigational drug candidate rifluquinone delivered positive results in a Phase IIa clinical trial for intra-articular injection treatment of prosthetic joint infection, and it plans to start a Phase IIb trial protocol soon. According to ETNet, the earlier trial enrolled nine patients for safety analysis and reported no treatment-emergent adverse events or serious adverse events related to rifluquinone. The company said rifluquinone is a globally first-in-class, three-target investigational drug designed for biofilm infections associated with implanted medical devices.
Vitalik Buterin Sees 33% Chance of Near-Overhead Cryptography by 2030
Binance News - Ethereum co-founder Vitalik Buterin said he remains non-consensus bullish on the long-term outlook for cryptography. According to Foresight News, he said his so-called "Egyptian god protocol" — SNARK, FHE, and iO — has a 33% chance of reaching 1+ε overhead in everyday real-world computation. He said that at sufficiently large scale, the extra overhead from cryptography could become arbitrarily small relative to the cost of the original computation. According to Foresight News, Buterin also said there is a 60% chance that all three could achieve single-digit overhead, measured by energy use plus amortized computing power, meaning below 10x. ...
Whale Loracle Opens New Positions and Faces $10.6 Million Unrealized Loss
Binance News - Whale Loracle opened a series of new positions over the past two days and is currently sitting on an unrealized loss of $10.6 million. According to Foresight News, the largest losses are $4.6 million in SNDK, $4.2 million in PONS, $1.61 million in MU, and $462,000 in NVDA.
Apple's First Foldable iPhone Headlines John Ternus's September 9 Keynote
BeInCrypto - Apple's foldable iPhone headlines John Ternus's first keynote as CEO, testing his hardware and AI strategy on September 9. The post Apple's First Foldable iPhone Headlines John Ternus's September 9 Keynote appeared first on BeInCrypto.
IMF Says El Salvador’s Bitcoin Accumulation Since June 2025 Used No Public Funds
Binance News - The International Monetary Fund said El Salvador’s Bitcoin accumulation since June 2025 did not use public funds and reflected private donations. According to Odaily, the IMF also said El Salvador is improving transparency around Bitcoin holdings across wallets and strengthening governance and risk management for public-sector crypto assets. El Salvador disclosed in November 2025 that it had bought 1,090 Bitcoin, bringing its total holdings to 7,474 Bitcoin.
STOCKS | Goldman Sachs Initiates InnoLight Technology H Shares With Buy Rating, HK$3,267 Target
Binance News - Goldman Sachs initiated coverage of InnoLight Technology's H shares with a Buy rating and a 12-month target price of HK$3,267. According to Sina Finance, the bank said its 2026 and 2027 net profit forecasts are 25% and 42% above market consensus, respectively, citing higher revenue and gross margin assumptions. Analysts including Verena Jeng said the stronger outlook reflects the bank's positive view of InnoLight Technology's leading position in silicon photonics modules, accelerated mass production of 1.6T and above solutions, a stable supply chain and diversified production bases, as well as manageable co-packaged optics competition. Goldman Sachs also said InnoLight Technology's experience ...
STOCKS | Tencent, Bilibili Among Eight Stocks In Pre-Open Block Trades
Binance News - Eight listed companies recorded pre-market block trades at 9:00 a.m., according to ETNet. Tencent (00700) traded 164,500 shares at HK$442.80 each for HK$72.8406 million. Trip.com (09961) traded 102,200 shares at HK$325.60 each for HK$33.26 million, while Lenovo Group (00992) traded 1.098 million shares at HK$32.40 each for HK$35.5752 million. Xiaomi (01810) traded 1.2464 million shares at HK$28.44 each for HK$35.4476 million. Bilibili (09626) traded 26.3749 million shares in five lots at ...
STOCKS | China Futures Open Higher, with Synthetic Rubber Up More Than 5%
Binance News - According to Jin10, at the open of morning trading, most of China's main futures contracts rose, with synthetic rubber up more than 5%, caustic soda up more than 3%, TSR20 rubber and soda ash up nearly 3%, and rubber up more than 2%; Shanghai gold and Shanghai silver fell more than 1%.
STOCKS | SC Crude Oil Main Contract Rises 2.00% to 697.70 Yuan Per Barrel
Binance News - According to Jin10, the SC crude oil main contract rose 2.00% intraday to 697.70 yuan per barrel.
STOCKS | South Korea Selects $22.3 Billion Texas Gas Plant as First U.S. Investment Project
Binance News - According to Sina Finance, citing the Korea Economic Daily and unnamed government sources, South Korea has selected a roughly $22.3 billion gas-fired power plant project in Texas as the first project under its $350 billion investment plan for the United States. The final project cost was set at about $22.3 billion, after the U.S. initially sought $25 billion and South Korea initially considered $19.8 billion. The project is located in Encinal, Texas, has a total planned capacity of 6.3 gigawatts, and is intended to meet electricity demand from artificial intelligence data centers. It will first build 1.4 gigawatts of gas turbine ...
Sound Group Says H-Share Subscription Agreement Has Lapsed
Binance News - Sound Group (02495) said the subscription agreement for its third issue of new H shares under general mandate has lapsed and will not have any material adverse impact on its operations or financial position. The company said SCI-TECH UNICORN LPF, a fund with Laitian Investment as general partner, had agreed to subscribe for about 2.198 million shares at HK$46.3 each, for proceeds of about HK$100 million. As none of the conditions precedent were met, the parties agreed not to further extend the long-stop date, and the agreement automatically lapsed on Friday, July 4, according to ETNet.
STOCKS | United Laboratories Says UBT251 Obesity Trial Enrolls First Participant
Binance News - United Laboratories (03933) said its independently developed Class 1 innovative drug UBT251 injection has completed dosing of the first participant in a Phase III clinical study in mainland China for overweight and obesity, according to ETNet. The study plans to enroll 600 overweight or obese participants, including people with at least one weight-related comorbidity, to assess the drug's efficacy and safety. Its main endpoints include the percentage change in body weight from baseline after 52 weeks and the proportion of participants whose weight falls by 5% or more from baseline.
Shangyu Group Takeover Offer Receives 639,000 Shares In Acceptance
Binance News - Shangyu Group (01633) and Zhisheng Limited said a mandatory unconditional cash offer to acquire all issued shares of Shangyu Group has closed, with five valid acceptances for a total of 639,000 offer shares, or about 0.09% of the company's issued share capital. The group said that after the offer closes, the offeror and parties acting in concert will hold about 73.43% of the shares, while the public will hold about 26.57%, still meeting the Hong Kong Listing Rules' minimum public float requirement of 25%, according to ETNet.
Yingmei Holdings Chairman Plans To Sell Up To 445 Million Shares
Binance News - Yingmei Holdings (02028) said executive director and chairman Au Pak Yin, through his wholly owned Jiangyu Holdings Group, has informed the company that he has signed a placing agreement to sell at least 120 million shares and up to about 445 million shares, according to ETNet. The maximum stake represents about 51.85% of the company’s equity. The placing price will be no lower than HK$0.55 a share, a discount of up to 72.5% to Friday’s close of HK$2.005. If all 445 million shares are placed at the floor price, Au would raise about HK$240 million and would no longer hold any shares, ceasing to be a controlling shareholder. The placing agent has agreed to use ...
STOCKS | Zhihu-W To Invest RMB 150 Million In AI Fund
Binance News - Zhihu-W (02390) said it has signed a subscription agreement with the general partner and fund manager to invest RMB 150 million for a limited partnership interest in a fund, subject to shareholder approval. The company said the capital will come from internal funds. The general partner expects to raise money from about 20 to 30 institutional and/or industry investors, and Zhihu-W expects its interest in the fund to be no more than 30% after completion, according to ETNet. The fund manager is a RMB private equity and venture capital platform under Lisi Capital Investment Management Group. ...
STOCKS | Non-Standard Apparel Buys More Li Ning Shares For HK$247 Million
Binance News - Non-Standard Apparel (00933) said it bought another 18.53 million Li Ning (02331) shares on the open market through the Hong Kong Stock Exchange on Thursday and Friday last week for about HK$247 million, at an average price of HK$13.35 per share. ETNet reported that from August 28 to Friday last week, the group had accumulated purchases of 65.403 million Li Ning shares, or 2.53% of the company, for HK$874 million at an average price of HK$13.36 each. It said it now holds about 18.3% of Li Ning. The acquisition has become a major transaction, but written approval from a shareholder holding 58.37% of the voting rights means no ...
China Reinsurance Plans RMB 3 Billion Domestic Share Placement To Finance Ministry
Binance News - China Reinsurance (01508) said it plans to issue up to about 2.255 billion domestic shares at RMB 1.33 each to the Ministry of Finance, raising no more than RMB 3 billion, according to ETNet. The company said net proceeds will be used entirely to boost its core tier-1 capital after deducting issuance costs. The new domestic shares will be subject to a five-year lock-up period, and the Ministry of Finance's stake will rise from 11.45% to 15.91%. The placement still needs shareholder approval and a registration approval ...
Huahong Semiconductor Plans Wuxi Phase III Project With RMB 5.56 Billion In Surplus Funds
Binance News - Huahong Semiconductor (01347) said it plans to use RMB 3.03 billion of excess proceeds from its initial public offering and about RMB 2.53 billion of remaining funds from the completion of its 8-inch fab upgrade and specialty process technology R&D projects, for a total of about RMB 5.56 billion, to invest in a new project, Huahong Semiconductor Wuxi Phase III. The group also plans to use RMB 150 million of remaining funds from the completed Huahong Manufacturing (Wuxi) project to permanently supplement working capital, according to ETNet. ...
STOCKS | Seazen Proposes Spin-Off Of Two Retail Mall Assets Into Shanghai REIT
Binance News - Seazen Group (01030) said it plans to spin off the property interests in two wholly owned retail malls into a commercial real estate REIT for separate listing on the Shanghai Stock Exchange, with an expected size of about RMB 1.541 billion, according to ETNet. The company said it will subscribe for about 34% of the REIT units, while external investors will take up the remaining 66%. Proceeds are expected to be used to replenish working capital and repay onshore debt. The two malls are Nantong Qidong Wuyue Plaza in Nantong, Jiangsu Province, a ...
King Tai Fong International Holdings Says Independent Director Resigns
Binance News - King Tai Fong International Holdings (09689) said independent non-executive director Ng Hoong Tat has resigned from her roles, effective last Friday (4), according to ETNet. The company said it now has only two independent non-executive directors and is therefore not complying with Rule 3.10(1) and Rule 3.21 of the Listing Rules. It said it will try to find a replacement within three months. Ng resigned for personal reasons and confirmed she had no disagreement with the board and that there were no other matters related to her resignation that needed shareholders' or the Hong Kong Stock Exchange's attention.
康諾亞-B Non-Executive Director Wang Minchuan Resigns
Binance News - CanSino Biologics (02162) said non-executive director Wang Minchuan has resigned, effective September 4. The company said Wang stepped down to devote more time to other business activities. He confirmed he has no claims against the group, has no disagreement with the board, and is not aware of any matter that needs to be brought to shareholders' or the Hong Kong Stock Exchange's attention, according to ETNet.
Boyaa Interactive Buys About 205 Bitcoins For HK$110 Million
Binance News - Boyaa Interactive (00434) said it bought about 205 bitcoins in the open market between June 24 and last Friday for total consideration of about HK$110 million, according to ETNet. The company said it held about 4,316 bitcoins as of last Friday, with an average purchase cost of about $68,000 per coin. The purchases were funded by idle cash from business operations and were based on the market bid and ask prices for bitcoin. Boyaa also said it advanced its Web3 strategy in the first half of the year, with the bitcoins gradually deployed to Web3 projects as planned. Its Boyaa Chain project went live in the second quarter and received an additional ...
Shenzhen Holdings Unit Settles RMB 110 Million Equity Transfer With Property Offset
Binance News - Shenzhen Holdings said on Friday that its non-wholly owned subsidiary Shenye Tairan Land and its controlling shareholder Shenye Group, each holding 50% of Shenye Wansheng, signed a debt offset agreement to sell title to offset properties to Zhongshan Wanye, a company 99% owned by Vanke, according to ETNet. The agreement settles about RMB 110 million payable by Shenye Group under an equity transfer deal signed in August and offsets an equivalent amount of outstanding shareholder loans owed by Shenye Wansheng to Shenye Group. Shenzhen Holdings expects to book a gross profit of about RMB 12.7 million from the sale. ...
Zhongji Innolight Controller Unpledges 1.35 Million Shares
Binance News - Zhongji Innolight (03308) said its actual controller, Wang Weixiu, recently completed the release of a pledge on 1.35 million shares held with GF Securities, representing 0.11% of the company’s equity. As of last Thursday, Wang had 728,000 shares still pledged, equal to 0.06% of equity. He holds a 5.92% stake in the company, and the pledged shares accounted for 1.04% of his holdings, according to ETNet.
STOCKS | Baige Online Says Model-As-A-Service Revenue Rose 5.8-Fold In First 8 Months
Binance News - Baige Online (02672) said revenue from its model-as-a-service business rose about 5.8 times year on year to about RMB47.4 million in the first eight months of the year, according to ETNet. The company said service calls exceeded 7.5 million during the period, while its customer coverage continued to expand and market penetration and activity in model services kept rising.
Anton Oilfield Services Wins Iraq Crude Sales Qualification
Binance News - Anton Oilfield Services (03337) said it has received approval from Iraq's Ministry of Oil and signed a long-term cooperation agreement with the State Oil Marketing Organization (SOMO), giving it crude oil sales qualification and making it a designated partner for Iraqi crude export sales. The company also said it has obtained lifting rights for self-operated oilfields of Iraq's national oil company and general long-term sales cooperation status. The arrangement is intended to help connect crude buyers and traders, coordinate shipment schedules, support fund settlement for oil and gas development service providers, and broaden the company's service scope into crude commercialization ...
AWS Expands AI Server Orders as Amazon Raises 2025 Capex to $220 Billion
Binance News - Amazon Web Services has expanded orders for AI server racks, boosting shipments from suppliers including TSMC, Alchip-KY, Wiwynn, and Foxconn. According to ChainCatcher, Amazon also raised its capital expenditure plan for this year from $200 billion to $220 billion, with the spending focused on AI infrastructure such as data centers, servers, and networking equipment. Amazon CEO Andy Jassy said AI computing capacity is expected to remain tight through 2027 and that strong demand is already visible into 2028. AWS's AI business and in-house chip scale has grown to $25 billion and continues to post triple-digit percentage growth. ...
Goldman Sachs Sees 9x AI Networking TAM Expansion to $154 Billion by 2028
Binance News - Goldman Sachs' global technology equity research team said on April 17, 2026, that networking can connect multiple chips to unlock the computing power of a single AI chip, enabling seamless data exchange and low latency. According to ChainCatcher, the firm said expanding AI infrastructure and higher compute capacity could lift demand across configurations and open a 9x total addressable market of $154 billion. The report said the dollar content of horizontal and vertical scaling rises 16x and 45x, respectively, while the total addressable market for optics expands 13x from horizontal scaling to vertical scaling. It also said the value market for ...
Trader Who Won 26 Straight Bets Loses $5.27 Million on ZEC Short
Binance News - A trader who had won 26 consecutive trades is now down $5.27 million after shorting 15,785 ZEC three days ago, according to Lookonchain monitoring. According to Odaily, the position was valued at $18.95 million when it was opened.
European Natural Gas Prices Jump After U.S. Strike on Iranian Tankers
Binance News - European natural gas prices surged after the U.S. struck Iranian tankers over the weekend, with markets worried that energy shipping through the Strait of Hormuz could face a prolonged disruption. According to Sina Finance, front-month futures rose as much as 4.2% to 75.005 euros per megawatt-hour before easing to 74.680 euros at 9:41 a.m. Tokyo time, and trading was thin in the Asian morning session. The U.S. said it struck three Iranian tankers over the weekend and destroyed one of them in retaliation for Iran's attack on a U.S. Navy vessel. According to Sina Finance, citing Iranian news television, a senior Iranian security official said a new restricted zone would be designated outside the Strait of Hormuz in the coming days. Iran also said it had hit three tankers, ...
Apple Faces £2 Billion UK Class Action Over App Tracking Transparency
Binance News - Apple is facing a £2 billion class action in the UK, filed on September 3 at the Competition Appeal Tribunal, over its App Tracking Transparency feature, according to Jiemian News. The suit is led by Ann Pope, a former senior official at the UK Competition and Markets Authority, on behalf of many British app developers. The plaintiffs allege Apple imposed stricter limits on third-party developers than on its own services, hurting advertising revenue for developers while giving Apple an unfair advantage in its own ad ecosystem.
China Accelerates 'Six Networks' Infrastructure Rollout as More Than 70 Trillion Yuan Investment Plan Advances
Binance News - China's National Development and Reform Commission and the National Information Center are signaling a faster rollout of the 'Six Networks' infrastructure program, according to Jiemian News. On August 27, the Logistics Network Construction Implementation Plan was formally issued as the first national-level special implementation plan released under the six-network framework, while meetings on August 28 and September 2 called for faster deployment of new policy-based financial tools and quicker conversion of projects into physical work.肖宏伟, director of the Policy Simulation Lab at the Economic Forecasting Department of the National Information Center, said the pace will differ by quarter: the third quarter is the peak construction period, with local ...
South Korea Sets 27.5 Billion Won Per Nvidia Vera Rubin Rack Budget
Binance News - South Korea will budget 27.5 billion won per rack for Nvidia's next-generation Vera Rubin AI chips to be introduced next year, according to Money Today. According to ChainCatcher, the Ministry of Science and ICT plans to spend 3.85 trillion won next year to expand GPU servers, with all funds allocated to purchasing 140 Vera Rubin NVL72 server racks. Each NVL72 rack includes 72 Rubin GPUs and 36 Vera CPUs, for a total of 10,080 Rubin GPUs across the batch. The purchase is separate from the ministry's previously announced plan to secure 52,000 advanced GPUs by 2028, and the final supply may change depending on Nvidia's delivery situation. ...
STOCKS | Tesla Offers Cash Incentives on Model 3 and Model Y in China
Binance News - According to Wallstreetcn, Tesla said on its official Weibo account that customers who place orders and take delivery by September 30, 2026, inclusive, can receive a cash incentive of 5,000 yuan on all Model 3 inventory cars and 10,000 yuan on all Model Y inventory cars, while some Model 3 models can also apply for an 8,000 yuan insurance subsidy; after all discounts, Model 3 starts at 222,500 yuan and Model Y starts at 253,500 yuan.
CITIC Telecom Signs MOU With Key ASIC For Malaysia Green AI Data Centre
Binance News - CITIC Telecom International Holdings (00994) said it has signed a memorandum of understanding with Malaysia-listed Key ASIC Berhad to explore potential cooperation on building and operating a green artificial intelligence data centre in Malaysia. The initial plan calls for total IT load capacity of about 300 megawatts, a power usage effectiveness ratio of no more than 1.2, and a green energy share of at least 50%, according to ETNet. The company said the MOU reflects only an initial intention to cooperate and does not create any legally binding obligations. Key ASIC's main business is one-stop application-specific ...
Goldman Sachs Recommends Shorting the Euro Against the Australian Dollar
Binance News - Goldman Sachs expects the euro against the Australian dollar to fall to its lowest level since early 2023 and recommends shorting the pair, with a target of 1.5750 and a stop-loss at 1.6520. According to Sina Finance, a strategy team led by Kamakshya Trivedi said Europe is still dealing with the energy-price shock, while the Australian dollar is benefiting from a favorable global macro environment.
New Jersey Elevates Legal Battle Over Kalshi and Prediction Market Legality
TheCurrencyAnalytics - New Jersey just escalated. The state filed a petition for a writ of certiorari with the U.S. Supreme Court in… Read the original on New Jersey Escalates Battle with Kalshi Over Prediction Markets in Supreme Court. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Blockstream Hunts ‘White Hats’ After 4,000 BTC Leaves Liquid
Bitcoin.com - The layer two (L2) sidechain known as the Liquid Network paused on Sunday following a so-called white hacker exploiting a bug in Blockstream’s Elements software, according to the X account Sideswap (Blockstream’s atomic-swap marketplace). 4,000 BTC Exit Liquid as Blockstream Scrambles to Contain Exploit On Sunday afternoon, the onchain sleuth Ergo BTC discovered that Blockstream’s […]
Middle East Tensions Escalate As Iran Plans Restricted Zone Near Strait Of Hormuz
Binance News - Iranian senior security official Mohsen Rezaee said a restricted zone will be announced in the coming days outside the Strait of Hormuz, extending from the U.S. Navy blockade line to parts of the Persian Gulf, according to ETNet. The escalation came after the U.S. said it struck three Iranian oil tankers on Saturday, one of which sank, in response to Iranian fire on a U.S. aircraft carrier and other warships. Iran's Islamic Revolutionary Guard Corps said it hit three tankers and three U.S. vessels, and later said it also attacked a U.S. Navy drone and an unmanned surface vessel trying to enter the strait. ...
Oil Prices Rise in New York and Brent Contracts
Binance News - October New York crude oil in after-hours trading was quoted at $92.05, up $0.57, while the front-month New York crude contract settled at $91.48, up $0.18, according to ETNet. November Brent crude settled at $96.28, up $0.76. The quoted prices are for reference only.
STOCKS | Baltic Dry Index Rises 4.01% On April 9, 2026
Binance News - The Baltic Dry Index rose 140 points, or 4.01%, to 3,628 on April 9, 2026, according to ETNet. The Baltic Capesize Index climbed 385 points, or 6.37%, to 6,427. The quoted figures are for reference only.
STOCKS | Hang Seng Tech Index Futures Open Interest Falls On September 4
Binance News - Open interest in Hang Seng Tech Index futures for the spot month stood at 228,582 contracts on Friday, September 4, down 2,043 from the previous session, according to ETNet. Including contracts in other months, total open interest was 245,220 contracts, down 1,844. Net open interest in the spot month was 141,992 contracts, down 7,487, while net open interest across all months was 150,917, down 7,399. ETNet reported that the figures include night-session spot-month open interest.
Hang Seng Index Futures Open Interest Falls On Friday
Binance News - Open interest in the current-month Hang Seng Index Futures fell by 3,307 contracts to 124,773 on Friday, September 4, while total open interest across all maturities dropped by 3,195 to 135,881, according to ETNet. Net open interest in the current-month contract stood at 32,939, down 3,073 from the previous session. Net open interest across all maturities was 37,640, down 2,896. ETNet also showed the recent trend in Hang Seng Index Futures open interest over the past week, with the current-month contract rising to 129,625 on Wednesday ...
STOCKS | Japan And South Korea Shares Open Higher
Binance News - Japan and South Korea shares opened higher on Monday, with South Korea's KOSPI Composite Index rising 3.34% in early trade to above 6,900 points. Samsung Electronics gained 4.5% and SK Hynix rose 5.4%, according to ETNet. Japan's Nikkei 225 opened 0.89% higher at 65,600.42.
Fosun Pharma Sells 6% Stake In Gland Pharma For $294 Million
Binance News - Fosun Pharma said its Singapore unit sold 9.897 million shares in Indian-listed Gland Pharma, or about 6% of the company, for a total consideration of 27.996 billion Indian rupees, or about $294 million, according to ETNet. The shares were sold through block trades and call auction transactions at an average price of about 2,828.78 Indian rupees each, a 2.72% discount to the previous close. After the sale, Fosun Pharma's stake in Gland Pharma fell to about 45.76%, and Gland Pharma remained a consolidated subsidiary. Fosun Pharma said the proceeds will mainly be used for R&D investment, share buybacks and repayment of interest-bearing debt. The share transfer is expected to be ...
SK Hynix Accelerates 1c DRAM Production, Set to Overtake 1b Next Quarter
Binance News - SK Hynix is speeding up the share of 10-nanometer-class sixth-generation 1c DRAM in production, according to a September 7 report by Chosun Ilbo. According to ChainCatcher, industry data show the company’s 1c DRAM share rose from about 10% in the first quarter to about 13% in the second quarter this year, with expectations of about 24% in the third quarter, about 34% in the fourth quarter, and about 35% in the first quarter next year, when it could surpass 1b DRAM and become the main process. The report said 1b DRAM, the 10-nanometer-class fifth generation, peaked at about 43% in the second quarter this year before starting to decline. At the end ...
Stocks | Wanguo Gold Group Buys $103.8 Million JPMorgan Mansart Overnight Fund
Binance News - Wanguo Gold Group (03939) said it subscribed on Friday, July 4, for about $103.8 million of the JPMorgan Mansart Overnight Fund, Class A Accumulating USD Shares, according to ETNet. The open-ended Irish UCITS fund is managed by J.P. Morgan Mansart Management Limited and tracks the Solactive SOFR Daily Total Return Index, with a target performance of SOLSOFR plus 30 basis points. Wanguo Gold said the subscription was low risk and sufficiently liquid, and that the money came from idle proceeds raised through a recent convertible bond issue. It said the move was intended to improve treasury management efficiency and returns, and expected the yield to be ...
STOCKS | Clover Biopharmaceuticals-B Reports Positive Phase II Data For Respiratory Vaccine Candidates
Binance News - Clover Biopharmaceuticals-B (02197) said its respiratory vaccine candidates SCB-1022 (RSV+hMPV) and SCB-1033 (RSV+hMPV+PIV3) produced positive preliminary data in a Phase II trial in older adults in Australia, according to ETNet. The randomized, observer-blinded, multicentre study enrolled 420 volunteers aged 60 to 85 who received SCB-1022, SCB-1033 or placebo. Twenty-eight days after vaccination, mean neutralising antibody titers for RSV and hMPV rose by about 6 to 9 times and 6 to 8 times, respectively, while PIV3 neutralising antibodies increased by more than 3 times. In participants aged 75 and above, no weakening of antibody response was observed, and the added PIV3 antigen did not interfere ...
HSBC Buys Back 409,200 Shares In Hong Kong, 10,000 In UK
Binance News - HSBC Holdings (00005) said it bought back 409,200 shares in Hong Kong yesterday for cancellation, at prices ranging from HK$165.4 to HK$167.6 each, with a volume-weighted average price of HK$166.7935. The repurchase cost about HK$68.2519 million, according to ETNet. The bank also repurchased 10,000 shares in the UK market yesterday at prices between 15.624 pounds and 15.806 pounds each, with a weighted average price of 15.71 pounds. Since announcing its share buyback plan on Aug. 5, HSBC has repurchased about 26.0354 million shares for a total consideration of about $536.4 million.
STOCKS | Japanese Chip Stocks Surge, Kioxia Gains 7.3%
Binance News - According to Jin10, Japanese chip-related stocks rose sharply, with Kioxia up 7.3%, SoftBank Group up 5.4%, and Lasertec up 8.2%.
TSMC Adds More 3-Nanometer Capacity as AI Demand Rises
Binance News - TSMC is adding more capacity for advanced processes below 3 nanometers at customers' request as demand rises for AI and high-performance computing applications. According to ChainCatcher, market participants expect 3-nanometer output to surpass 5-nanometer output for the first time in the second half of the year. They also estimate that TSMC's third-quarter output value will exceed 400 billion yuan for the first time, reach a record high, account for more than 30% of revenue, and support gross margin performance.