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According to Decrypt, asset tokenization issuer Birch Hill announced the completion of a $4 million seed round financing, led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent. To date, the company has raised a total of $6.5 million.Birch Hill currently serves as the treasury manager for the on-chain lending protocol Morpho, responsible for assessing credit risk and setting related risk parameters. At the same time, the company has applied for broker-dealer qualifications with the Financial Industry Regulatory Authority (FINRA) to sell private credit products to qualified investors, planning to package and securitize U.S. multifamily residential, agricultural, and energy loans for on-chain introduction.

According to Gate market data, NXP Semiconductors (NXPI.O) fell nearly 7% in pre-market trading after the company projected that fourth-quarter sales would be below market expectations.

The Science and Technology Innovation Board Daily cited Wind data stating that by 2026, 76 IPOs had terminated their review, with 13 from the Science and Technology Innovation Board, accounting for 17.1%. In 2025, a total of 50 IPOs were terminated, with only 3 from the Science and Technology Innovation Board, accounting for 6%. The total fundraising scale of terminated IPOs on the Science and Technology Innovation Board in 2026 was 18.248 billion yuan, nearly 5 times the 3.181 billion yuan in the same period of 2025. After entering the fourth quarter, Saikexis and Zhongke Innovation successively terminated their reviews.Among the 13 terminated projects on the Science and Technology Innovation Board, 5 were related to semiconductor and integrated circuit companies, including Wuhan Xinxin, Shanghai Xinyi, Beijing Tongmei, Taosheng Electronics, and Yadian Technology, accounting for approximately 38.5%. Beijing Tongmei was the only project that terminated during the registration phase, accepted on January 10, 2022, submitted for registration on August 1 of the same year, and terminated registration on July 2, 2026, lasting over 4 years. Wuhan Xinxin was accepted at the end of September 2024 and terminated in May 2026, queuing for nearly 600 days, intending to raise 4.8 billion yuan, accounting for about 26.3% of the total intended fundraising of the 13 terminated projects.The duration from acceptance to termination varied significantly. Huihe Medical was accepted on June 30, 2026, and terminated on September 24, taking 86 days, making it the first IPO to withdraw after being selected for on-site inspection this year. Saikexis voluntarily withdrew six months after acceptance, marking the third IPO failure in six years. Huandong Technology was accepted on November 25, 2024, and terminated on September 21, 2026, lasting about 22 months, being the first robot company to terminate an IPO this year, mainly engaged in robotic joint reducers, sponsored by GF Securities. According to the criteria of semiconductors, software equipment, hardware services, etc., there have been 37 IPO listing applications that have become invalid in the Hong Kong stock market this year, compared to 11 in the same period last year.

According to The Block, the stock price of Nasdaq-listed company Datavault AI plummeted nearly 50% after the company stated that it has been unable to withdraw its stored BTC from the Biconomy cryptocurrency exchange since June 2026.The Bitcoin comes from a stock transaction with Scilex Holding in September 2025, where Scilex agreed to pay $150 million in BTC to purchase Datavault stock and warrants. The BTC was credited to Datavault's Biconomy wallet through an off-chain transfer.

Anchorage Digital announced the expansion of its custody and listing arrangements with the Latin American cryptocurrency platform Bitso, extending its custody layer to cover both ends of the stablecoin corridor between the United States and Mexico. According to the agreement announced on Tuesday, the Mexican peso stablecoin MXNB issued by Bitso is now being custodied by this federally chartered crypto bank across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc.Meanwhile, Bitso has launched the USD stablecoins USDPT and USAT, which are issued and custodied by Anchorage, with the former coming from Western Union and the latter from Tether. The financial terms were not disclosed by either party. This collaboration targets one of the largest cross-border payment flows in the world, the U.S.-Mexico remittance corridor, which transfers billions of dollars annually, with approximately 15% currently operating through Bitso's infrastructure.Nathan McCauley, CEO and co-founder of Anchorage, stated that the U.S.-Mexico corridor is where stablecoins transition from theory to large-scale real money flows, and the company has now become the institutional custody layer at both ends of that flow. Ben Reid, head of stablecoins at Bitso, mentioned that customers can now access the complete dollar-peso corridor through a fully on-chain method supported by a federally chartered bank. This move also continues the trend of Circle's recent expansion of Latin American stablecoins with the launch of a USDC settlement pilot in Colombia.

Goldman Sachs' latest research shows that over the past three weeks, semiconductor stock exposure has been able to explain about 54% of the return performance differences between different asset classes, while oil price exposure accounts for only 2%. As the influence of AI trading continues to expand, technology stocks are becoming an important factor driving global market risk appetite and asset performance differentiation.Goldman Sachs pointed out that recent investor risk appetite has been highly synchronized with the relative performance of large technology stocks. Last week, concerns about AI investment returns, financing costs, and capital expenditures intensified, leading to a sell-off in technology stocks and corporate bonds, with Goldman Sachs' risk appetite indicator falling to its lowest level since April 2025. The South Korean stock market has become a typical case of this impact, with the KOSPI rising 3.1% on Tuesday, and SK Hynix and Samsung Electronics increasing by 5.2% and 4.2%, respectively.Due to the high weight of semiconductor stocks in the Korea Composite Stock Price Index, changes in global AI investment expectations directly affect local market performance. Goldman Sachs emphasized that the 54% and 2% figures reflect a statistical relationship within a specific time window and do not imply that AI factors long-term determine global market fluctuations; the impact of high oil prices on inflation, monetary policy, and asset pricing cannot be ignored. Major technology companies such as Microsoft, Google, and Amazon are about to announce their earnings reports, and the market will focus on whether AI demand can continue to grow and whether massive capital expenditures can be converted into actual profits.

Gate platform data shows that on October 27, the stock market saw a significant rise in the AI, semiconductor, and data sectors, with several concept stocks leading the gains, becoming the focus of market attention.According to the latest market data from Gate, Data Section (3905) surged strongly, rising 14.50% in 24 hours; Yifei Electric (4062) jumped 11.14%; Rand (8918) increased by 11.11%; Advantest (6857) rose by 9.65%; QD Laser (6613) went up by 8.84%.As global AI infrastructure construction accelerates and semiconductor demand remains strong, market expectations for profitability in the technology and semiconductor supply chain are heating up again.

Recently, there has been discussion in the market about Cambrian's chip shipments exceeding 1 million units next year. At the Cambrian third quarter earnings briefing on the afternoon of October 26, Cambrian's Chairman and General Manager Chen Tian Shi responded that the company has never engaged in any related communication.Chen Tian Shi stated that market information is complex, and he urged investors not to trust information from unknown or unverified sources. The above response was reported by Yicai.

Morgan Stanley stated that the pressure faced by semiconductor stocks may ease next month. The strategist team expects that the adjustment in the semiconductor sector has entered the "final stage," which is anticipated to end in mid-November, but there may still be a further decline of 10% to 15%. The Philadelphia Semiconductor Index could potentially drop to around 9,500 points in the future.

According to Gate market data, the Philadelphia Semiconductor Index rose by 0.5% after a drop of 6.7% in the previous trading day.

AI chip company Cambrian (688256.SH) announced that its operating revenue for the third quarter was 3.531 billion yuan, a year-on-year increase of 104.47%; the net profit attributable to shareholders of the listed company was 1.404 billion yuan, a year-on-year increase of 147.74%.The announcement showed that the company's operating revenue for the first three quarters was 9.526 billion yuan, a year-on-year increase of 106.76%; the net profit attributable to shareholders of the listed company was 3.715 billion yuan, a year-on-year increase of 131.49%. The performance change was mainly due to the company's continuous market expansion and active support for the implementation of artificial intelligence applications. The Science and Technology Innovation Board Daily noted that the company's net profit for the second quarter was 1.298 billion yuan, based on which the net profit for the third quarter increased by 8% quarter-on-quarter.

According to Gate market data, U.S. semiconductor stocks rose broadly before the market opened, with SK Hynix up 5.5%, SanDisk up 2.8%, and Micron Technology up 2.62%.

NVIDIA expects that with the support of capacity expansion in the United States, Taiwan, and Singapore, the total semiconductor testing capacity in 2027 will double compared to 2026.

According to data from the Gate platform, the South Korean KOSPI index rose by about 3.83% in the early morning session today, quickly breaking through 5,750 points after the opening. The semiconductor and electronics giants performed strongly, leading the gains and becoming the main force driving the index rebound.Currently, Samsung Electronics (005930) is up 6.61%; SK Hynix (000660) is up 6.21%; Samsung Electro-Mechanics (009150) is up 3.03%. The main reasons for this round of increase are the capital replenishment after the sharp decline the day before and the positive driver of a 222.5% year-on-year increase in semiconductor exports in South Korea before October 20, with the market's expectations for AI server and storage demand rising again.

According to South Korean media THE ELEC, Tesla and SpaceX, under Elon Musk, are in contact with South Korean materials, components, and equipment companies for the semiconductor manufacturing project Terafab. Some companies have signed non-disclosure agreements and are discussing supply categories. From October 13 to 15, relevant personnel visited about 10 South Korean company booths at Semicon West 2026 in San Francisco to confirm products and capacities and propose follow-up discussions, many of which have been ongoing for several months.ENF Technology, Asflow, and G&G Intech are involved in this initial contact, focusing on process materials, piping parts and valves, and wastewater reuse equipment, respectively. Mico's cleaning subsidiary Komico signed a tripartite non-disclosure agreement with Tesla and SpaceX about a month ago to discuss cleaning services for the Texas R&D test line. Unisem signed a non-disclosure agreement regarding environmental protection equipment such as exhaust gas treatment, while Dongjin Semichem is discussing materials such as diluents and phosphoric acid related to the Texas plant. Hanmi Semiconductor is discussing thermal compression bonding equipment, HPSP will supply a high-pressure hydrogen annealing device to the R&D line, and testing socket company ISC is exchanging samples and design information.Terafab is located in Texas and was announced to be jointly promoted by Tesla, SpaceX, and xAI in March of this year. The independent legal entity and equity structure have not yet been disclosed. The goal is to reach a monthly production of 1 million wafers within 10 years, with an initial investment of $16.8 billion and the hiring of over 3,000 people. SpaceX signed a tax reduction contract with Texas earlier this month and has begun construction. The industry expects the initial facility, which will produce 100,000 wafers per month, to be completed before 2030. Initial uses include Tesla's autonomous driving and robotics chips, as well as SpaceX's satellite and space data center chips.

According to Bloomberg, Spencer Applebaum, General Partner and Co-Head of Venture Capital at Multicoin Capital, stated that unlike institutions such as Paradigm, Framework Ventures, and Haun Ventures, which are expanding their investment scope beyond the crypto space, Multicoin will not extend its investment scope to pure AI projects, as its strengths lie in the crypto field, and believes that many investors are "forcing" a search for intersections between crypto and AI.The $422 million venture capital fund raised by Multicoin in 2022 has been deployed slowly due to the decline in valuations of startup projects following the collapse of FTX. Spencer Applebaum also mentioned that HYPE remains the largest position in Multicoin's hedge fund. Currently, Multicoin's assets under management stand at $2.7 billion.

According to LatePost's LatePost Auto report, Li Auto's chip subsidiary Shanghai Mahexin Technology has completed a Series A equity financing of 1.625 billion yuan, with Li Auto contributing 1 billion yuan and external investors contributing a total of 625 million yuan. After the financing is completed, Li Auto holds 74.01% of the shares, making it the largest shareholder, while external investment institutions include Hangzhou Jingtou, BlueRun Ventures, Huaye Tiancheng Capital, and Qiji Chuangtan.Hangzhou Jingtou has also received an additional investment equity of 500 million yuan, bringing the company's valuation to 17.1 billion yuan, with 20% of the equity allocated for employee incentives. Insiders say the funds will be used for subsequent chip research and development and commercialization, and they hope to supply externally and expand into businesses outside of automotive. Li Auto co-founder Ma Donghui stated on September 21 that Mahe chips, silicon carbide modules, and other products can be sold externally, and Li Auto is developing the second generation of Mahe intelligent driving chips.

According to Gate market data, the Philadelphia Semiconductor Index is expected to evaporate more than 2 trillion USD in market value within seven trading days.

As chip stocks' market value evaporates by $1 trillion, ETF investors are pouring billions into the dip.The VanEck Semiconductor ETF attracted over $430 million in inflows over the past three days, while the Direxion Daily Semiconductor Bull 3X Shares ETF saw approximately $3.8 billion in inflows this week, setting a record. The Philadelphia Semiconductor Index has cumulatively dropped 12% over six days.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale invested $572,902.11 in a single bet on the event "Club Atlético de Madrid vs. Manchester United FC" for "Club Atlético de Madrid." Based on the current transaction price, the latest corresponding winning probability for this bet is 55%.