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first_img TSMC temporarily uses micro-bump packaging for HBM and requires the development of a 5μm solution

According to sources in the materials industry, on September 2, TSMC is expected to continue using traditional micro-bump technology rather than hybrid bonding in the short term for connecting high-bandwidth memory (HBM) with AI accelerators in advanced packaging. Considering the development cycle of related materials, finer pitch micro-bumps are expected to be used until the later stages of HBM4 and the early stages of HBM5. TSMC has requested its materials and equipment partners to develop bonding and underfill solutions for approximately 5-micron bumps, with suppliers from South Korea and Japan beginning development, and mass production of 5μm bumps expected to start in the second half of 2028.Currently, the bump height of the third-generation extended HBM, namely HBM3E, is about 15-25μm, while HBM4 is close to about 10μm. Japanese material suppliers have previously stated that it is difficult to guarantee quality below 15μm. The reduction and refinement of bumps are due to the height limitations of HBM cubes and the demand for higher interconnection density. JEDEC specifies that the maximum height for HBM stacks is 775μm. In TSMC's advanced CoWoS packaging, the HBM stacks assembled by GPU and memory suppliers are mounted onto the silicon interposer via micro-bumps, with the 16-layer DRAM chip stacks completed within HBM packaging by SK hynix and Samsung Electronics.The first and second generations of HBM used larger solder bumps, while micro-bumps became mainstream around the HBM3 generation. SK hynix uses the MR-MUF process, while Samsung Electronics uses TC-NCF. Hybrid bonding allows for thinner and denser interconnections through direct bonding of copper pads; TSMC has utilized this on its SoIC platform for logic chip stacking, but HBM still connects to the interposer using micro-bumps.

Bitget launches institutional-grade CFD liquidity solutions, supporting multi-tier depth aggregation and 100% STP execution

Bitget officially launches an institutional-level CFD liquidity solution aimed at quantitative teams, proprietary trading firms, funds, brokers, and high-net-worth professional traders, supporting high-frequency quantitative trading, arbitrage, and automated trading scenarios such as EA. As the demand for execution efficiency, liquidity, and low latency continues to rise among professional trading institutions, this solution aims to provide a more stable and efficient execution environment for large-scale, high-frequency trading.In terms of execution and liquidity, Bitget adopts a 100% STP (Straight Through Processing) model, routing orders directly to external liquidity pools and aggregating multi-tier market depth from global tier-one banks and non-bank market makers to reduce slippage and market impact during the execution of large orders. Meanwhile, trading servers are deployed in core financial data centers such as London LD4 and Tokyo TY3, supporting sub-millisecond order matching through dedicated lines and fiber connections, and providing FIX API to facilitate institutional clients' access to existing trading systems, bridging tools, and liquidity aggregation platforms.In terms of fund management, client assets and platform operating funds are segregated, and asset management transparency is enhanced through independent custody accounts, compliance reviews, and third-party auditing mechanisms. The launch of this institutional-level liquidity solution further improves Bitget's CFD backend trading infrastructure, complementing existing retail products and covering a multi-layer trading demand from ordinary traders to professional institutions.

Trump Media transfers 2,628 BTC for liquidation, Quantum Solutions cuts losses on 1,000 ETH to layout AI

According to BBX data, global listed companies disclosed the latest real accounts on crypto asset portfolio adjustments, liquidation stop-losses, and strategic positions over the weekend. The core dynamics are as follows:Trump Media transfers 2,628 BTC at a huge loss to the exchange: Trump Media (NASDAQ: $DJT) transferred its 2,628 BTC (worth approximately $165 million) to the Crypto.com exchange on Saturday (August 1), with market expectations that it will further liquidate. The company purchased 11,542 BTC at an average price of $118,529 last year and has sold a total of 7,281 BTC this year (average price of about $74,860), realizing a loss of $318 million; it currently holds 4,261 BTC (with an unrealized loss of $237 million), bringing the total cumulative loss/unrealized loss to as high as $555 million.Quantum Solutions sells 1,000 ETH to fund AI data center: The Tokyo Stock Exchange listed company Quantum Solutions (TYO: 2338) sold 1,000 ETH at a price of $1,903 each on July 30, raising $1.9 million to fund its AI data center business, expecting to recognize a loss of about $100,000. Together with the 904 ETH sold in June, the company's holdings have decreased by 29% to 4,764.8 ETH. The board has raised the sale limit from 1,875 ETH to 4,375 ETH, and if the limit is reached, it will dispose of about 66% of its initial holdings.Japanese listed company Eole purchases HYPE to create a crypto bank: Japanese listed company Eole disclosed that it bought 1,078.25 HYPE (average price of $57.15, worth about $66,000) on July 28. The company plans to increase its total investment in HYPE to $611,000 through multiple purchases by the end of August and will hold it as a strategic treasury asset under the "Neo Crypto Bank" plan, alongside Bitcoin for the long term.

GPUS and Quantum Solutions sell cryptocurrency assets to invest in AI computing power, Vida Global connects to the Lightning Network for payroll

According to BBX data, yesterday global listed companies disclosed the latest real announcements regarding adjustments in cryptocurrency assets and business payment applications, with the following core dynamics:Hyperscale Data monetizes 100 BTC to build an AI data center: U.S. listed company Hyperscale Data, Inc. (NYSE American: $GPUS) announced the sale of 100 bitcoins to fund the construction of its AI data center located in Michigan. The company's CEO William Horne stated that this move is "converting one balance sheet asset into another," and clarified that the company's underlying belief in bitcoin has not changed.Quantum Solutions sells 1,000 ETH to inject into AIDC business: Japanese listed company Quantum Solutions announced that it sold 1,000 ETH through its merged subsidiary GPT Pals Studio Limited (GPT) for $1.9 million (approximately 311 million yen). The proceeds from the sale will be fully invested in the expansion of artificial intelligence infrastructure (AIDC) and data center business.Vida Global seamlessly accesses bitcoin payroll through the Lightning Network: U.S. listed company Vida Global (NYSE American: $VIDA) announced the adoption of Voltage Credit to pay its global team members in bitcoin via the Lightning Network. This mechanism utilizes a revolving credit line to instantly issue bitcoin and repays the balance in U.S. dollars at the end of each month, similar to processing standard vendor invoices, allowing the company to establish a cryptocurrency payroll settlement channel without directly holding a bitcoin wallet or reflecting cryptocurrency assets on its balance sheet.
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