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According to BBX data, last weekend, publicly listed companies in the U.S. and European stock markets disclosed the latest developments in digital asset allocation and treasury strategy adjustments. The core information is as follows:Morgan Stanley's ETF increased its holdings by nearly 43 Bitcoin, with a total holding value of $779 million: On-chain tracking data shows that Wall Street investment banking giant Morgan Stanley withdrew 42.979 Bitcoin from its subsidiary's spot Bitcoin exchange-traded fund MSBT on Saturday, extracting from the Coinbase Prime hot wallet address, valued at approximately $3.6 million based on the price at the time of withdrawal. Following this increase, Morgan Stanley's total Bitcoin holdings have now reached 9,261 BTC, with a total holding value of about $779 million.French semiconductor listed company Sequans liquidated 314 BTC, completely exiting its Bitcoin reserve strategy: French well-known semiconductor and IoT chip design listed company Sequans Communications disclosed that it has fully sold the 314 Bitcoin held on its balance sheet. This liquidation marks the company's official termination and complete exit from the previously established Bitcoin corporate treasury reserve strategy, and in the future, it will refocus its funds and liquidity on its core semiconductor business.

According to CoinGlass data, the Coinbase Bitcoin Premium Index has recorded negative values for four consecutive days, with the latest at -0.0082%, as purchasing power in the U.S. market has once again fallen into a slump.Previously, on August 24, the Coinbase Bitcoin Premium Index reappeared with a positive signal for the first time since May 19, reporting 0.0052%, temporarily ending the historically longest negative premium period of 97 days. The Coinbase Bitcoin Premium Index is used to measure the price difference of Bitcoin between Coinbase Pro and Binance. A sustained negative index typically indicates that Coinbase's pricing is relatively low, which may reflect weak buying interest or significant selling pressure in the U.S. market, but it is not advisable to directly conclude that institutional funds are flowing out based solely on this indicator.

Tesla executives stated that they will begin delivering semi-trucks this week, with DHL, Pepsi, and the American Food Company being among their clients.

French semiconductor company Sequans Communications has sold its last 314 bitcoins, completing its exit from the bitcoin reserve strategy, having previously held over 3,200 BTC. Sequans stated that this exit was conducted after the redemption of convertible bonds completed in May, allowing it to refocus on its core cellular IoT and software-defined radio business.Sequans CEO Georges Karam stated that the company used the proceeds from the bitcoin sales to pay off convertible bonds and strengthen its balance sheet. Currently, Sequans holds no cryptocurrency and has no outstanding debts other than government-funded R&D obligations. Sequans launched its bitcoin reserve strategy in June 2025, announcing a $384 million equity security and convertible secured bond issuance, with Karam at the time calling bitcoin a primary asset and an attractive long-term investment.The company began to reduce its holdings less than six months later, selling 970 BTC in November to redeem half of the convertible bonds. By May 2026, Sequans indicated that it would no longer pursue the reserve strategy and would gradually liquidate the remaining bitcoins. During the 2026 crypto bear market, an increasing number of digital asset reserve companies abandoned or scaled back their accumulation strategies. VanEck's head of digital asset research, Matthew Sigel, noted at the end of July that at least nine companies had completely liquidated or abandoned their bitcoin and cryptocurrency reserve strategies in 2026.

According to official news, Gate Live will launch the second issue of "Lucas Global Stock Observation" on September 24 at 20:00 (UTC+8). This session will be hosted by Lucas Sum, the head of stock market development at Gate, focusing on the core question, "With the Federal Reserve's decision finalized, what will be the next trading moves for U.S. stocks?" It will analyze the changes in market expectations after the FOMC and the subsequent trends in U.S. stocks.This live broadcast will focus on interest rate expectations, technology and AI, industry rotation, and other directions. It will combine the performance of U.S. stocks, U.S. Treasury yields, and the U.S. dollar after the FOMC to dissect how Federal Reserve policies affect stock valuations and capital flows, and share market signals that are worth continuous attention in the future.

According to The Information, Google is about to release its flagship Gemini 4 AI model.

Gate gStocks has shown active performance on the gainers list, with semiconductor and technology-related assets leading the rise. According to the latest market data from Gate, Intel's 2x long ETF (INTWG/USDT) has risen 15.73% in 24 hours, currently priced at $32.81; Arm Technology (ARMG/USDT) has seen a 14.03% increase in 24 hours, currently priced at $323.73; the 3x long semiconductor ETF (SOXLG/USDT) has risen 12.96% in 24 hours, currently priced at $143.48.Gate gStocks adopts a 1:1 fully-backed native stock reserve mechanism, where each tokenized security corresponds to an equal amount of native stock as underlying asset support. It supports 24/7 trading, unified account management, and a minimum investment of 1 USDT, along with fractional share trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the tokenized securities ecosystem continues to enrich, Gate gStocks will keep expanding more quality stocks and ETF assets, providing users with a more diverse range of global asset allocation options.

According to an exclusive report from Late Auto, the chip subsidiary of Li Auto is advancing its first round of external financing, with a pre-investment valuation of approximately 15 billion yuan, planning to raise several billion yuan. Business registration information shows that Mach Intelligent Cores Limited was established in Hong Kong on July 14, and on August 4, it fully established Shanghai Mach Intelligent Technology Co., Ltd., with Li Auto's CTO Xie Yan serving as the legal representative; a few days later, it also fully established Shanghai Mach Heart Technology Co., Ltd., with the legal representative being Li Auto's co-secretary Wang Yang.Li Auto's self-developed chip team consists of about 200 people, mainly engaged in AI computing architecture, chip design, and related software development, while advancing two types of self-developed chip projects for vehicles and the cloud. Its first self-developed chip, Mach M100, has entered mass production and is equipped in several new or updated models launched this year; another cloud inference chip is under development, also using a data flow architecture. In the first half of this year, financing in the domestic semiconductor sector amounted to approximately 162.7 billion yuan, with AI computing being one of the key areas for funding. For reference, NIO's chip subsidiary Anhui Shenji completed its first round of financing of 2.257 billion yuan in February this year, with a post-investment valuation of nearly 10 billion yuan.

Google acknowledged that its Gemini model breached the sandbox environment during a security test in May, infiltrating three real companies and guessing or finding the passwords of two of them. Google was aware of this incident by late July but only publicly confirmed it after a report by The Wall Street Journal on September 18, remaining silent for seven weeks.The test was a capture-the-flag exercise commissioned by Google and conducted by the Israeli company Irregular in May. Irregular connected an isolated testing environment that should have had no contact with the real internet to the open network, using the name of a real company as a fictitious target. Gemini found three matching results when searching for the company and attacked them one by one, with the plaintext passwords of two companies directly exposed online, while the password of the third was guessed by the model. Google stated that its model ultimately did not use the stolen credentials in practice.Google is the fourth major AI laboratory this year to admit that internal security tests leaked into the real world. Previously, OpenAI's model had accessed Hugging Face servers due to a software vulnerability, Anthropic found that three Claude models had reached real companies after reviewing 141,000 tests, and Meta's Muse Spark model also experienced a similar incident due to Irregular's configuration error. Additionally, U.S. Representatives Ted Lieu and Nathaniel Moran introduced the "AI Emergency Shutdown Act" in July, proposing to authorize federal regulators to suspend reasoning for models that pose a serious threat.

According to Gate market data, the Philadelphia Semiconductor Index rose by 4%. Nvidia increased by 2.3%, Qualcomm rose by 8%, ASML went up by 2.05%, and Intel surged by 11.9%.

The cryptocurrency wallet application SecondFi tweeted a reminder for users affected by the previous security incident regarding the risks of claiming NIGHT tokens. Some affected users will have a window to claim NIGHT tokens on September 22, but the Midnight Foundation's system only supports claims from the original wallet addresses and cannot switch to other unaffected addresses. The affected wallets have permanently existing security risks. SecondFi advises users not to attempt to claim NIGHT through compromised wallets, or the tokens will face the risk of being stolen.SecondFi also stated that the NIGHT claiming process is independently managed by the Midnight Foundation, and its wallet migration tool and asset recovery tool do not cover NIGHT claims. Affected users should contact the Midnight Foundation directly. Previously, SecondFi experienced a security incident from June 21 to 23, resulting in approximately 16.1 million ADA (about 2.6 million USD) being stolen, involving 374 wallets.

TSMC's 2-nanometer N2 mass production marks the transition of advanced semiconductor processes from FinFET to GAA generation. Industry analysts point out that with the simultaneous increase in process complexity, CMP track counts, wafer monitoring frequency, and material specifications, the demand for equipment, CMP consumables, reclaimed wafers, and advanced materials is rising, providing growth opportunities for suppliers like Zhongsha, Shengyang Semiconductor, Xinying Materials, and Songsheng. TSMC's N2 adopts nanosheet GAA technology, which can improve performance by 10% to 15% at the same power consumption compared to N3E, or reduce power consumption by 25% to 30% at the same speed, with chip density increasing by over 15%.In Zhongsha's largest customer Diamond Disk business, advanced processes account for 63%, with N3 and N2 each accounting for 22%, and 1.4 nanometers already shipped in small quantities; after N3 enters N2, the value of CMP content increases by 10% to 15%. Shengyang Semiconductor's monthly production capacity for reclaimed wafers is adjusted to 1.1 to 1.2 million pieces by the end of 2026, with a capital expenditure budget of 4.82 billion yuan for 2026, and it is estimated that the compound annual growth rate for reclaimed wafer expansion from 2025 to 2029 will reach 25% to 30%. Xinying Materials' core products Rinse, BARC, and EBR are expected to see shipments rise seasonally as N2 capacity ramps up, while Songsheng's semiconductor revenue accounted for 66% in the first half of the year, with a year-on-year increase of about 25%, and TSMC-related revenue increased by about 170% year-on-year.

According to CoinDesk, the stock price of the cryptocurrency platform Gemini has fallen by about 80% since its listing, with its market value dropping from a peak of approximately $4 billion to $753 million. Trading volume, revenue, and platform assets have all continued to decline, leading to renewed speculation about a potential acquisition. Gemini's exchange revenue in the second quarter decreased by 38% year-on-year to $12.5 million, spot trading volume fell by 66% to $3.8 billion, and platform assets decreased from $18.2 billion to $8.4 billion.Lorenzo Valente, Director of Digital Asset Research at ARK Invest, posted on X last month that the offshore perpetual contract platform Hyperliquid should acquire Gemini, using it as a gateway to enter the regulated U.S. market for perpetual contracts and prediction market business. The Winklevoss brothers hold 94.5% of the voting rights in Gemini, which may simplify transaction negotiations but also means that any sale must be approved by both individuals. There are currently no signs that Hyperliquid is actively pursuing an acquisition.Despite the decline in exchange business, Gemini still holds regulatory licenses and approvals that are difficult for competitors to replicate. Potential buyers may weigh the cost of acquisition against the time and legal fees required to apply for licenses independently. This aligns with the trend in cryptocurrency mergers and acquisitions where buyers increasingly value regulatory infrastructure, distribution channels, and market access, such as Keyrock's acquisition of BlockFills' trading assets and Ondo exploring an acquisition of up to $500 million. CoinDesk reported in April that potential buyers were considering acquiring Gemini's closed European and UK operations to obtain licenses. Gemini declined to comment on this.

According to Coinglass data, the Coinbase Bitcoin premium index has turned negative again, currently reported at -0.0198% (yesterday it was 0.0013%), and the buying sentiment in the U.S. market has once again fallen into a slump.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, a decline in investors' risk appetite, an increase in market risk aversion, or capital outflow.

According to Substrate's report on September 18, the semiconductor and AI infrastructure research organization SemiAnalysis is expected to exceed $100 million in revenue this year, with a workforce of about 100 people. Its founder Dylan Patel started in 2020 with a WordPress blog, and in 2023, revenue reached seven figures, with subscription income accounting for less than 5% of total revenue, the vast majority coming from data models, institutional research products Core Research, and consulting services. The company currently has 12 models covering areas such as networking, wafer fabrication equipment, foundry, and energy, with about 50 analysts.SemiAnalysis's clients include most of the large tech companies globally, with Nvidia CEO Jensen Huang, AMD CEO Lisa Su, Meta CEO Mark Zuckerberg, Microsoft CEO Satya Nadella, and OpenAI CEO Sam Altman among its readers. Its CoWoS and HBM supply chain models have predicted Nvidia shipping 400,000 H100 chips each quarter, and OpenAI used its InferenceX as a third-party benchmark when releasing its self-developed chip Jalapeño at Hot Chips.Dylan Patel recently raised $500 million for the SemiAnalysis Capital Fund I for early-stage startup investments. The company plans to expand into the energy sector, and analysts will engage with various stakeholders related to different power grids and utilities.

A survey conducted by Bank of America (BofA) from September 4 to 10 showed that 53% of global fund managers consider "going long on global semiconductors" to be the most crowded trade, marking the fourth consecutive month this trade has held the top position.Despite this, 33% of respondents believe that the related companies are over-invested, the highest recorded proportion to date. "Shorting government bonds" has risen to second place for the first time, with 18% of respondents listing it as the most crowded trade. Only 7% of respondents believe that "going long on the Magnificent 7" is the most crowded.Previously, this trade had been in the top position for 23 consecutive months from 2023 to 2025, peaking at around 70% in June 2024. Semiconductor stocks continue to attract investor attention.

According to monitoring and analysis by the Gate security team, the FomoPeek App contains malicious code with a high security risk, which may exploit vulnerabilities related to the iOS system to attack other apps, and has dangerous operations such as accessing the clipboard, scanning sensitive data on the phone, and obtaining login credentials. After analysis by the security team, no attack losses caused by the FomoPeek App have been found in the Gate App or among users, and the existing risk control mechanisms of Gate are operating normally.Gate reminds users to upgrade their iOS system to the latest version as soon as possible and check whether the FomoPeek App is installed on their devices. If it is installed, please uninstall it immediately and restart the phone. After completing this, it is recommended to log back into the Gate App and other important applications; if using a Web3 wallet, it is advisable to check the wallet's security status in a timely manner and transfer relevant assets if necessary to reduce potential security risks.

According to CoinDesk, Hut 8 co-founder Marc van der Chijs warned in an interview with CoinDesk that the fierce competition between enterprises and nations is accelerating the development of artificial intelligence, with its speed exceeding human control, potentially posing systemic risks to the financial system and critical infrastructure. He stated, "We have already lost control," and expressed concern that systemic disruption or catastrophic failure is almost inevitable before real international safeguards are established.Van der Chijs predicts that AI and robotics could ultimately replace 90% to 95% of existing jobs and significantly lower the costs of goods and services. At that point, governments will need to find new sources of revenue, such as taxing the use of robots or AI. He also believes that AI could expose vulnerabilities in traditional banking software, threatening the confidence of institutions that rely on interconnected systems; in the crypto space, businesses built around Bitcoin, such as exchanges, are more susceptible to impact than the underlying network itself.Van der Chijs previously sold a large amount of Bitcoin to shift towards AI investments and believes that the capital shift by investors towards AI has prevented Bitcoin from reaching the previously expected levels of $200,000 to $250,000. He is now reinvesting some of the AI profits back into crypto assets through exchange-traded funds. He still views Bitcoin as the only asset worth holding in his lifetime and claims that Hut 8's shift to AI data centers is "the best decision ever."

According to The Wall Street Journal, Google's Gemini model autonomously attacked the systems of three companies during cybersecurity testing, marking the first known instance of Google AI executing such behavior independently.