technology

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

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.

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

According to a report by Reuters citing informed sources, Trump Media & Technology Group (DJT.O) has signed agreements with Bloomberg, quantitative trading and market-making giant Hainar International, and Jump Trading to obtain posts released by Trump more quickly.

According to Bloomberg, informed sources revealed that semiconductor company Marvell is in deep negotiations to acquire data center optical communication equipment manufacturer Lumentum, with the deal possibly being announced as early as next week. Currently, the two parties have not reached a final agreement, and details and timing may still change.Lumentum currently has a market value of approximately $83 billion, while Marvell's market value is about $221 billion. Following the news, Marvell's stock fell about 8% in after-hours trading, while Lumentum's stock rose about 17%. Earlier this year, Nvidia invested $2 billion in Lumentum.

Federal Reserve Chairman Waller stated that since the beginning of September, interest rates have had an impact both within and outside the technology sector.

According to TNW, Anthropic announced the acquisition of Mithril Medicine in a blog post on Tuesday.This company has only one employee and is developing therapies for two rare muscular dystrophies. The terms of the deal were not disclosed, and founder Cody Tranbarger has joined Anthropic.

Yushu Technology announced that the operating revenue for the third quarter of 2026 was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decrease of 17.37%; the net profit excluding non-recurring gains and losses was 105 million yuan, a year-on-year decrease of 17.42%.For the first three quarters of 2026, the operating revenue was 1.817 billion yuan, a year-on-year increase of 55.71%; the net profit attributable to the parent company was 387 million yuan, a year-on-year increase of 270.54%; the net profit excluding non-recurring gains and losses was 349 million yuan, a year-on-year decrease of 18.78%.

The Hang Seng Index Company announced that the Hang Seng Hong Kong American Technology Index will add Anthropic, PBC (stock code: ANT.O) to the list of designated U.S. listed constituent stocks, provided that Anthropic confirms its listing. The weight of the 9 U.S. listed constituent stocks will be recalculated to equal weight after the close of trading on the 7th trading day following Anthropic's listing, with the new constituents and new weights taking effect on the 11th trading day.The index will also update the stock selection criteria, constituent stock selection methods, rapid inclusion mechanisms, and replacement rules for temporarily removing constituent stocks, and will introduce new liquidity requirements. The new methods will be adopted starting from the index review ending on September 30, 2026, with the relevant constituent stock changes taking effect on December 14, and the index name and code will remain unchanged.

Seagate Technology (STX.O) fell nearly 4% in pre-market trading after the company announced its first-quarter results and outlook.

According to the website of China Securities Index Company, Changxin Technology has been included in the Shanghai Composite Index, with a weight of 4.67%, currently the largest weighted stock in the index. Agricultural Bank of China and Industrial and Commercial Bank of China are in the second and third positions, with weightings of 3.83% and 3.77%, respectively.Changxin Technology has also been included in the Shanghai STAR Market Composite Index, with a weight of 15.74%, also the largest weighted stock. According to the compilation plan, the weight factor will be adjusted on the next trading day after the second Friday of each month, or when the newly included sample weight exceeds 15%.

According to Cointelegraph, Luxor Technology, which provides full-stack computing power services, has completed a $16 million strategic financing round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead, and several angel investors.Luxor plans to use the funds to expand its intelligent cloud platform, AI hardware business, and computing power derivatives trading capabilities, as well as to grow its team. The company originally served Bitcoin mining enterprises and is now expanding its GPU and AI server procurement business, aiming to seize opportunities arising from the integration of Bitcoin mining and AI computing power markets.

According to a report by unfolded, Janus Henderson has launched the tokenized fund JQQQ, which is the first tokenized fund authorized by the Nasdaq-100 Index. JQQQ is issued on the Stellar chain based on Centrifuge technology and is only available to qualified non-U.S. professional investors, with a minimum investment of $100,000.The Nasdaq expanded the scope of index authorization earlier in 2026. Currently, JQQQ has not disclosed its assets under management and trading volume.

Micron Technology, a memory manufacturer, recently signed a labor agreement with the Taichung Labor Union. Reports cite the Ministry of Economic Affairs explaining that over 80% of personnel will see salary adjustments of nearly 2.7 times, with production line staff's annual salary increasing from 630,000 to over 2 million.The Ministry of Economic Affairs also stated that the annual salary for entry-level engineers will rise from 1.45 million to 4 million, while mid-to-senior level engineers will see their salaries increase from over 2 million to 6 million. The union successfully negotiated an increase in the employer's contribution rate for labor retirement to 10%, which is above the industry standard; the day shift allowance for frontline production line staff has been adjusted from 1,500 to 4,500, tripling the original amount.

According to Goldman Sachs data, in the past two weeks, global technology stocks have experienced a net sell-off of approximately $20 billion, with the intensity of the sell-off reaching an extreme level of -3.3 standard deviations. The sell-off scale in the TMT sector is close to the $23 billion seen in July of this year. Meanwhile, the volatility spread between the Nasdaq 100 Index and the S&P 500 Index has risen to the 98th percentile of the past five years, indicating a significant increase in market demand for hedging against technology stocks.According to JPMorgan, the scale of debt financing for AI infrastructure has exceeded $500 billion this year, with the financing costs for large-scale cloud service providers rising by about 120 basis points compared to before. As Google, Microsoft, and Amazon release their earnings reports this week, the market will focus on whether AI capital expenditures can be converted into actual revenue, as well as the sustainability of financing for subsequent investment expansions.JPMorgan believes that the financing relationship between Nvidia and GPU operators may become a channel for credit risk transmission. If operator financing tightens, pressure may spread upstream along the supply chain. The bank maintains a constructive view on the fundamentals of the technology sector, believing that a buying window may appear in early November, but it is still necessary to observe signals such as further market position clearing, corporate earnings realization, and credit spread narrowing.

The humanoid robot company Yushu Technology (688836.SH) announced that the cumulative price deviation of the company's stock closing price has exceeded 30% over three consecutive trading days, which falls under the category of abnormal stock trading fluctuations. As of October 26, 2026, the company's rolling price-to-earnings ratio is 465.22 times, significantly higher than the average rolling price-to-earnings ratio of 38.54 times in the general equipment manufacturing industry.The announcement pointed out that the humanoid robot industry is still in the early stages of commercialization, with uncertainties in technology maturity, cultivation of downstream market demand, and supporting capabilities in the industrial chain. The transition of physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. The maturity of the technological path and business model still requires time for validation. If the industry's large-scale commercialization progress does not meet expectations, the company's future revenue expansion and performance release may be adversely affected, posing investment risks of valuation regression.

Paradigm Chief Technology Officer Georgios Konstantopoulos tweeted that this week the EVM code generation (codegen) feature of Solar will be released, which is over 100 times faster than solc and can generate more gas-efficient bytecode without writing any assembly code.

According to Gate market data, the stock price of Yushu Technology in the A-shares has returned to 700 yuan, with a cumulative increase of over 56% this month, and a total market value exceeding 285 billion yuan. The current price is 723 yuan, with an intraday increase expanding to 15.87%.