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In pre-market trading on September 28, major global chip stocks broadly declined. Intel and Arm both fell over 3%, with AMD and Micron down more than 2%. Nvidia also edged lower. This pullback reflects cautious market sentiment towards the semiconductor sector.
Read MoreBitget has initiated its phased withdrawal resumption as scheduled, with BTC services now live. A detailed timeline for ETH, USDT, and other tokens has been published. Executives hosted a live Q&A to review the security incident and provide updates, enhancing transparency.
Read MoreInvestor Michael Burry, known as the 'Big Short,' recently stated that Trump and his team recognize AI promotion and development as the sole core driver propping up the US economy and this year's most positive development. They must prevent a recession, highlighting AI's critical strategic importance.
Read MoreHong Kong stablecoin payment platform RedotPay has completed financial and independent AML audits by a Big Four firm, clearing a major hurdle for its US IPO. The company denies rumors of delays, reports record Q2 transaction volume with over 50% operating margin, and targets a valuation exceeding $5 billion.
Read MoreElon Musk credits Tesla Shanghai's remarkable success to its "exceptional Chinese team," praising their talent and reliability. He calls the factory a "gem" and passionately recommends visiting China to witness its dynamism and efficient high-speed rail firsthand.
Read MoreChina perceives Western warnings about AI's existential risks as a strategic move to slow its tech advancement, linking them to U.S. chip restrictions. This highlights a fundamental divide in how both nations approach AI safety and governance, despite internal Chinese concerns about AI risks.
Read MoreSpot silver prices plunged over 5% on September 28, alongside a sharp drop in gold. This analysis explores the key drivers behind the precious metals sell-off, examining dollar strength and market sentiment, and outlines potential implications for investors.
Read MoreA recent Citi report highlights a major leap in inference efficiency and cost-effectiveness for leading proprietary AI models. While open-source options retain a cost edge, their discount is narrowing as proprietary models widen performance leads, signaling a potential market shift toward high-efficiency proprietary solutions.
Read MoreUnitree Robotics' Hangzhou subsidiary has increased its registered capital from 100,000 yuan to 25.1 million yuan, a staggering 250-fold surge. This massive investment signals accelerated R&D and commercialization in cutting-edge fields like humanoid robots.
Read MoreBitcoin has fallen below the key $83,000 support level, currently trading at $82,935.82 with a 24-hour drop of 1.9%. Heightened market volatility signals increased risk, requiring careful investor attention and management.
Read MoreSouth Korea's stock market tumbled on September 28th, with the KOSPI index closing down 2.7% at 6889.75 points. Market bellwethers Samsung Electronics and SK Hynix both plunged over 5%, dragging down the broader market amid growing investor concerns over the semiconductor sector and economic outlook.
Read MoreBoth WTI and Brent crude oil prices surged over 2% in intraday trading, with WTI reaching $93.18/barrel and Brent hitting $99.38/barrel. This synchronized rally highlights renewed market volatility and shifting supply-demand dynamics.
Read MoreFrench Bitcoin investment firm Capital B purchased an additional 13 BTC for approximately €970,000 on September 28, bringing its total holdings to 3,538 BTC. The firm's year-to-date return on its Bitcoin investment stands at 2.20%, demonstrating continued institutional confidence.
Read MoreBinance Futures announced the phased launch of five new USDT-margined perpetual contracts for TradFi assets including OKLO, TWST, CVNA, RUM, and XOM on September 28. The expansion provides traders with more derivatives options to access traditional financial markets.
Read MoreLeading South Korean cryptocurrency exchange Bithumb has officially announced the upcoming listing of Quark.ai(Q) token and PayPal's USD-pegged stablecoin PYUSD. This move expands trading options for users and is expected to enhance market liquidity for both assets.
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