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According to Caixin, the storage chip manufacturer Changxin Technology issued a reminder on the 29th, stating that the company has recently discovered that illegal individuals and unauthorized intermediary organizations are falsely using the names "Changxin Technology," "Changxin Group," and "Changxin Storage" to spread false recruitment information on online platforms.Changxin Technology reminds everyone not to download unknown software, not to click on unfamiliar links, and not to provide personal sensitive information to unofficial personnel; do not participate in activities that require payment or tasks to obtain job opportunities; do not trust false promises spread by unofficial social media accounts, as well as fabricated job locations and salaries.

The Tencent Global Digital Ecosystem Conference was held in Shenzhen. Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of the Cloud and Smart Industries Group, stated in his keynote speech that, according to data from relevant national departments, the daily Token call volume in China has increased from 100 billion at the beginning of 2024 to over 500 trillion in July of this year, a growth of over 5,000 times in two years.Tang Daosheng believes that behind this data is the rapid development of AI applications, with AI becoming a new productive force. Represented by Tencent's AI intelligent entity Workbuddy, related applications are not only used for daily document collaboration but are also being implemented in professional fields such as business analysis, business operations, market research, and marketing planning and execution. He stated that using AI intelligent entities to improve efficiency has become a necessary option for employees, and companies also need to make more accurate decisions and execute faster with AI to strengthen market competitiveness; otherwise, they will fall behind.

According to official news, Tether announced the establishment of the Swiss non-profit foundation FASE (Financial Access and Systemic Empowerment) on October 28, focusing on four main areas: financial security, financial inclusion, access to basic resources, and responsible AI and robotics.Founding members include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global (formerly Mercy Corps), and the Solana Foundation. The United Nations Office on Drugs and Crime (UNODC) will provide technical consulting.The first batch of projects includes: establishing a global youth alliance with Goodwall, aiming to provide anti-fraud education to up to 10 million young people, prioritizing coverage in Africa, Latin America, and Southeast Asia; launching a stablecoin humanitarian aid pilot with Prosper Global, initially covering up to 1 million people; and collaborating with the United Nations Trust Fund for Victims of Trafficking in Persons to support survivor assistance.

On October 28, storage chip manufacturer SK Hynix analyzed that software development, customer service, search, and several other fields have seen increased production efficiency and new revenue growth due to AI, driving a continuous increase in AI usage, which in turn expands infrastructure investment. A related virtuous cycle structure has already been established.SK Hynix stated that the main body of AI investment has moved beyond the initial stage of relying on a few companies and is now expanding to ordinary enterprises and national levels. It is expected that the global AI data center infrastructure market will continue to grow steadily in the future. In the short term, the storage market will be led by enterprise-level and consumer-level AI demand, while in the medium to long term, it will be driven by physical AI such as autonomous driving and robotics, with the market continuing to grow.On the supply side, SK Hynix pointed out that the difficulty of advanced process technology is continuously increasing, and the time required to build new production facilities is long. Supply has not kept pace with the growth rate of market demand, and it is expected that the supply-demand imbalance in the storage market will continue until 2030.

Spicenet, an on-chain financial brokerage network, announced the completion of a $5 million Series A funding round, led by dao5, with participation from Babylon and Astrarizon. Combined with the previous $3 million seed round co-led by Hack VC and Magnus Capital, the total funding amount reaches $8 million.The new funds will be used to launch the cross-platform margin account Spice Edge, issue the ecosystem token SPICE, and inject initial liquidity into network products. Spicenet is built on a dedicated L1 settlement layer supported by Celestia, and its core products also include the cross-chain one-click interaction protocol Spice Flow, as well as the in-development tokenized stock consumer application Spice Stocks.

The managing partner of the cryptocurrency venture capital firm Dragonfly, Haseeb Qureshi, stated that Rob Hadick and Tom Schmidt have been promoted to managing partners.In the future, the two will co-lead Dragonfly with Haseeb Qureshi and Bo, forming a four-person management structure.

The storage chip manufacturer SK Hynix (SKHY.O) announced that its quarterly profit increased more than sevenfold year-on-year and announced an additional shareholder return plan worth 100 trillion won (approximately 75 billion USD) to be implemented in 2026. The company reported that its operating profit for the quarter ending in September reached 83.3 trillion won, exceeding the expected 76.7 trillion won; revenue rose to 104.6 trillion won, surpassing the expected 98.3 trillion won, with both metrics hitting historical highs for a single quarter.Driven by supply constraints, the company's operating profit margin remains at historically high levels. The company stated on Wednesday that it expects the shortage of storage chips to continue until 2030. The company's analysis suggests that the increasing technical difficulty of advanced processes and the long time required to build new semiconductor factories are limiting supply expansion. The company anticipates that in the short term, the application of artificial intelligence by businesses and consumers will drive storage demand, while in the medium to long term, physical artificial intelligence applications such as autonomous driving and robotics will become the driving force for demand growth.

According to Gate data, the U.S. stock market closed on Tuesday (October 27), with the Dow Jones Industrial Average up 0.03%, the S&P 500 index up 0.60%, and the Nasdaq up 1.18%.Neocloud stocks rose across the board, with Nebius (NBIS) up 11.22%, Cipher Digital (CIFR) up 9.99%, Galaxy Digital (GLXY) up 9.57%, Applied Digital (APLD) up 9.42%, CoreWeave (CRWV) up 7.94%, and IREN up 7.90%.Most optical communication concept stocks strengthened, with Credo (CRDO) up 10.77%, Astera Labs (ALAB) up 10.47%, Applied Optoelectronics (AAOI) up 6.96%, Coherent (COHR) up 6.38%, and Lumentum (LITE) up 5.88%.Storage stocks rose across the board, with Western Digital (WDC) up 6.95%, SanDisk (SNDK) up 3.92%, Seagate Technology (STX) up 3.67%, Micron Technology (MU) up 2.77%, and SK Hynix (SKHY) up 1.92%. Semiconductor stocks also rose, with AMD up 5.45%, Marvell Technology (MRVL) up 4.19%, Broadcom (AVGO) up 4.00%, Intel (INTC) up 3.61%, and both TSMC (TSM) and ASML up 2.94%.

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.

Crypto.com and its derivatives partner OG.com began offering crypto perpetual contracts to eligible U.S. traders on Tuesday. The contract offers up to 5x leverage, allowing traders to bet on the price movements of crypto assets without an expiration date, and provides take-profit and stop-loss orders as well as isolated margin features.Crypto.com stated that it has recently registered as an introducing broker with the National Futures Association in the U.S. to offer the aforementioned perpetual contract products. These products operate through OG.com on exchanges, clearinghouses, and futures commission merchants regulated by the Commodity Futures Trading Commission. This launch follows the Commodity Futures Trading Commission's decision in May to open the U.S. market to crypto perpetual contracts.Previously, the agency approved Kalshi's Bitcoin perpetual contracts and provided Coinbase with no-action relief to offer digital commodity derivatives; Kraken launched U.S. perpetual contracts on Kraken Pro in June after acquiring Bitnomial. Crypto.com is also advancing its stock derivatives business, with OG.com’s exchange Nadex registering last month with the Securities and Exchange Commission to trade securities futures. CEO Kris Marszalek stated at that time that the company is working with the Securities and Exchange Commission and the Commodity Futures Trading Commission to offer individual stock perpetual futures.

According to The Block, the Office of the Comptroller of the Currency (OCC) is encouraging community banks in the United States to consider applying to become authorized stablecoin issuers under the GENIUS Act to expand their role in digital payments.

According to Gate data, the "Seven Sisters" sector in the U.S. stock market is generally down before the market opens, with mixed performance in the storage sector.NVIDIA is down 0.53%, Apple is down 0.27%, Microsoft is down 0.59%, Google is up 0.16%, Amazon is down 0.10%, Meta is down 0.36%, and Tesla is down 0.21%.Micron is up 0.55%, SanDisk is up 0.65%, SK Hynix is up 1.67%, Western Digital is down 0.58%, and Seagate Technology is down 0.34%.

The Bitcoin Technology Conference Series bitcoin++ has announced the launch of "Antarctica: Cold Storage Edition," scheduled from January 24 to February 5, 2028, with only 22 spots available. This event combines a technology conference with polar exploration, bringing discussions to a colder place in line with Bitcoin's "cold storage" (the practice of keeping private keys offline). Since its launch in Austin in 2022, bitcoin++ has held about 20 events in cities such as Berlin, Buenos Aires, Taipei, and Seoul, each with a specific theme, with the next event scheduled for November 5 to 6, 2026, in Seoul focusing on privacy.Participants will depart from Ushuaia, Argentina, cross the Drake Passage to the Antarctic Peninsula, and return, with a total duration of 13 days and 12 nights. Possible stops include Neko Harbour, Paradise Bay, Port Lockroy, and Lemaire Channel. Activities include kayaking, camping, hiking, snowshoeing, and Zodiac landings, with specific landing points depending on weather, ice conditions, and the expedition team's decisions. The conference will take a non-conference format, allowing participants to propose their own talks, presentations, and discussions, with Starlink available on board and independent rooms for temporary hackathons and workshops.Reservations are currently open, with ticket prices quoted in US dollars: a four-person cabin costs $14,900, and a double cabin costs $16,700, with the option to pay in five equal installments or pay in full at the time of registration; paying in full with Bitcoin offers a 5% discount. The ticket price includes a cold-weather jacket. The final payment must be completed by October 1, 2027, and medical, evacuation, and repatriation insurance must be purchased separately. Sponsors can print their brands on the expedition jackets, with sponsorship amounts ranging from $5,000 to $25,000, each covering approximately 22 jackets. The itinerary covers the Antarctic Peninsula, not the geographic South Pole.

Blink Wallet, a Bitcoin wallet, announced a monthly idle fee of $1 for custodial accounts that have not logged into the app for 12 consecutive months. This adjustment was initiated at the beginning of September through a change in the terms of service and push notifications were sent to inactive users, with the first deduction completed in mid-October. According to a blog post released by the company, users who log back in within 12 months will have the deducted fees refunded.This fee applies only to custodial accounts and aims to alleviate the burden that inactive accounts place on the startup. The announcement stated that these accounts incur ongoing costs related to ledger and infrastructure maintenance, record verification retention, compliance monitoring and reporting, as well as support for claims, which were previously shared by active users through regular in-app transaction fees. Sources told Bitcoin Magazine that approximately 100,000 accounts met the criteria for inactivity at the time of the first deduction, with a total balance exceeding $800,000. The first deduction collected about $45,000, primarily from accounts that had been idle for over a year with small Bitcoin balances. Blink Wallet originated from the Bitcoin adoption wave in El Salvador, initially named Bitcoin Beach Wallet, and was an early custodial Lightning Network wallet that introduced the Stable Sats feature to hedge value against the US dollar. The wallet was spun off from the founding company Galoy in October 2024, operated by Lukas Duczko and a new board, with Duczko holding a controlling stake, while Galoy continues as a service provider and minority shareholder, also establishing the Bitcoin Beach Fund.In recent years, custodial wallets have faced overall pressure, with Wallet of Satoshi, Alby, and Blue Wallet successively halting custodial wallet services and shifting to self-custody infrastructures like Spark. The EU MiCA regulations regarding licensing and KYC compliance requirements are an important backdrop. Blink launched a self-custody wallet supported by Spark in June 2026, and its user base is still adapting to this transition. On September 19, hackers withdrew 6.61 Bitcoins from custodial wallet users through compromised management tools, and the company's investors subsequently announced that they would fully compensate affected users.

According to Bloomberg, two leveraged exchange-traded funds linked to SK Hynix will be liquidated and delisted just months after their launch in the United States, as current market enthusiasm for AI trading is gradually cooling.These two long-short products issued by Tradr ETFs provide traders with double the daily price fluctuations of the American Depositary Receipts of the South Korean chip manufacturer, as well as double the inverse daily returns. The ETF issuer stated in a statement that both funds will complete liquidation around November 12.

According to on-chain analysts, the Hyperliquid BTC long TOP4 address added 2.15 million dollars in margin and opened another 302.5 BTC long position after the decline.This address opened a 30x leveraged BTC long position on October 23, currently holding 795.02 BTC, valued at 63.65 million dollars, with an opening price of 81,168.6 dollars, resulting in an unrealized loss of 878,000 dollars. In addition, this address is also long on ZEC, currently holding 4,717 ZEC, valued at 5.67 million dollars, with an opening price of 1,195.7 dollars.

According to North Korean Commerce reported on October 25, after a sharp decline in the South Korean stock market, individual investors have re-entered to buy leveraged products betting on the rebound of Samsung Electronics and SK Hynix. Data from the Korea Exchange and Koscom ETF Check shows that from October 1 to 23, individual net purchases of 14 related products amounted to 315.4 billion Korean won, of which 7 related to SK Hynix accounted for 226.3 billion won, and 7 related to Samsung Electronics accounted for 89.1 billion won.The aforementioned 14 products had a net purchase of 27.728 trillion won in July, but turned to net selling after regulatory tightening such as the increase in depositary receipts on July 31. In August and September, there were net sales of 648.4 billion won and 497.9 billion won, respectively, and this month individuals have first turned back to net buying. During the same period, KODEX SK Hynix leveraged product saw a net purchase of 15.294 billion won, ranking 11th among ETFs listed in South Korea; individuals also net bought KODEX Leverage 10.448 trillion won and KODEX Semiconductor Leverage 256.4 billion won. The South Korean Composite Index fell by 18.83% in October.Data from the Korea Securities Depository shows that from October 1 to 22, South Korean investors net bought U.S. stocks worth 4.8009 billion dollars, approximately 63.621 trillion won. Among them, the net purchase of SOXL, which tracks the daily returns of the U.S. semiconductor index at 3 times, was 3.54764 billion dollars, about 47.041 trillion won, accounting for 73.9% of the net purchases of U.S. stocks during the same period. The article also noted that leveraged products track daily returns by multiples, and when the market reverses, losses can also be magnified by 2 or 3 times, and during repeated sharp rises and falls, negative compounding effects may also occur.