next

The criminal trial of Aiden Pleterski, who calls himself the "King of Crypto," regarding allegations of cryptocurrency fraud will begin on October 5 in the Ontario Superior Court of Canada. He is accused of raising funds from investors between 2021 and 2022 by making false promises of "smart investments yielding high weekly profits," with the fraud amounting to approximately $30 million. Canadian authorities have filed charges of fraud and money laundering against him in May 2024.According to CBC News, Pleterski failed to obtain a postponement to hire a lawyer and is expected to represent himself in court. The trial is expected to last about four weeks, and if convicted on the fraud charge alone, he could face up to 14 years in prison.In December 2022, several men (some of whom are reportedly victims of the scam) allegedly kidnapped and tortured Pleterski for three days, threatening his and his family's safety, and forcing him to record a video detailing his role in the alleged fraud. Pleterski is one of many high-profile figures in the cryptocurrency industry facing criminal charges during the market downturn in 2022, with executives from the now-bankrupt FTX and Celsius also facing charges in the United States thereafter.

According to a report by ZDNet Korea on September 28, Samsung Electronics is accelerating the construction of the first mass production line (Ph1) at the Pyeongtaek Fifth Campus (P5) and is discussing with major equipment manufacturers to move the target for Ph1 equipment installation from the originally planned third quarter of next year to the second quarter of next year. P5 is the next-generation semiconductor production base aimed to be operational by 2028, and the construction of the Ph1 cleanroom began in the third quarter of this year.Samsung Electronics had previously advanced the completion of the P5 Ph1 cleanroom, originally scheduled for early next year, by about six months, so the equipment installation is expected around the third quarter of next year. Industry insiders say that the start time for equipment installation is planned to be moved up from July to August next year to around May to June next year; others have indicated that Samsung has even proposed to deliver equipment in the first quarter of next year for temporary storage at other locations, showing a strong willingness to invest early.Discussions on the investment for the second phase of P5 (Ph2) are also progressing. Currently, Ph1 is more likely to be built as a DRAM and HBM production line, while Ph2 is more likely to be built as an advanced NAND production line, including the tenth generation (V10). Equipment industry insiders say that formal purchase orders have not yet been placed, but Samsung has discussed building Ph2 as a NAND production line with partners, and due to the long equipment delivery cycle, they are requesting to prepare relevant components in advance. Reports indicate that large global tech companies are increasing orders for high-performance DRAM and NAND for AI infrastructure, while storage companies like Samsung have limited production capacity. Samsung stated during the second quarter earnings call in July that unmet demand this year will extend into next year, and the supply shortage next year will be more severe than this year, with shortages expected to continue until 2028.

According to the Economic Daily, the shipment of optical CPO related equipment for joint packaging is increasing. Suppliers such as ZhiDe, GaoMingTie, and DongYouDa have stated that orders from Europe, America, and Asia are flooding in, with order visibility extending to the second quarter of next year, and they are simultaneously starting factory expansions. Customers' demand for high-precision motion platforms and automated optical coupling equipment is increasing, with a noticeable rise in clients from Southeast Asia, including Singapore and Malaysia, in addition to major manufacturers in Europe and America.ZhiDe stated that after receiving thousands of orders for international CPO equipment, they have recently made new gains and are negotiating cooperation on CPO alignment modules with domestic and major manufacturers in Europe and America, with overall orders initially looking at a thousand units. The company is expanding production in the Shugu Garden and Nanke Park in response to demand, expecting to launch new capacity in the fourth quarter and continue to ramp up production next year.GaoMingTie has been certified by the world's top ten optical communication brands and has secured orders for 800G and 1.6T optical module coupling alignment modules, with optical communication product revenue accounting for 79% in the first half of the year. The company has acquired about 60% equity in an optical and medical factory in Taichung, and after establishing a production assembly line, the estimated capacity can be expanded by more than double, with the Dongguan subsidiary expected to ramp up production after mid-next year. DongYouDa is collaborating with the Japanese company Junhe on CPO optical coupling equipment, with order visibility extending to the second quarter of next year, and has already initiated plans to establish factories in Vietnam, India, and Mexico, increasing capacity utilization from 70% by the end of 2025 to 80%.

The head of the U.S. Affairs Department of the Ministry of Commerce interprets the results of the eighth round of China-U.S. economic and trade consultations. In this round of consultations, both parties agreed to establish an artificial intelligence dialogue led by Vice Premier He Lifeng and Treasury Secretary Janet Yellen under the China-U.S. economic and trade consultation mechanism, and the first dialogue has already taken place, discussing the risks and benefits related to artificial intelligence.Both parties agreed to hold the next dialogue by the end of November this year. They also agreed to establish a communication channel for artificial intelligence incidents.

The co-founder of the on-chain perpetual contract platform Hyperliquid, Jeff, stated that after the next network upgrade, HIP-4 will increase the deployment limits. The maximum number of active HIP-4 results that a single deployer can run simultaneously will increase from 100 to 200, and the maximum number of results that a single deployer can deploy daily will also increase from 500 to 1000.Jeff added that this adjustment was made based on feedback from the community Builders. In addition, the funding rate cap will also be adjusted from 4% per hour to 0.5% per hour in the next upgrade.

Next week's macro data focus will be on Friday's U.S. non-farm payroll report, including non-farm employment population, unemployment rate, and average hourly wage, which are directly related to the Federal Reserve's interest rate path and are important employment data ahead of the October monetary policy meeting. According to Beijing time, on Wednesday at 20:15, the U.S. September ADP employment figures will be released, and at 20:30, the U.S. August core PCE price index year-on-year will be announced; on Thursday at 20:30, the number of initial jobless claims in the U.S. for the week ending September 26 will be released, and on Friday at 20:30, the U.S. September seasonally adjusted non-farm employment population and unemployment rate will be published.Regarding officials' speeches, on Thursday at 16:00, Bank of England Governor Bailey will speak, and at 21:30, European Central Bank President Lagarde will speak. Starting from early Wednesday, Federal Reserve officials will have a series of public activities; 2027 FOMC voting member and Chicago Fed President Goolsbee, along with 2028 FOMC voting member and St. Louis Fed President Bullard, will speak in succession, and FOMC permanent voting member and New York Fed President Williams will deliver a keynote speech at the University at Buffalo. On Thursday, Federal Reserve Governor Cook, Minneapolis Fed President Kashkari, and Richmond Fed President Barkin will speak in turn, and on Friday, Williams and Dallas Fed President Logan will still have public activities. In terms of U.S. stocks, Micron will release its earnings report after the market on Wednesday, and Nike will announce its latest quarterly earnings report on Thursday, with both companies corresponding to storage chips and consumer demand.

U.S. Treasury Secretary Steven Mnuchin stated that China and the United States have agreed to extend the trade truce agreement until January 10 of next year.Foreign Ministry spokesperson Geng Shuang suggested inquiring with the relevant Chinese authorities about the status of China-U.S. economic and trade consultations.

Tesla CEO Elon Musk stated that he is optimistic about "bio-enhancement" in the next decade. The "Neuralink" company he co-founded is attempting to break through the bottleneck of human information transmission bandwidth.Musk mentioned that the peak bandwidth for humans is about 100 bits per second, while computers communicate at trillions of bits per second. Technologies that enhance the speed of human communication will improve the alignment between humans and machines.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) will establish a new EU strategic regulatory priority themed around digital innovation starting in 2027, initially focusing on AI and tokenization.Regulatory authorities in EU member states will identify emerging areas of tokenization, documenting how businesses use or plan to use AI and tokenization technologies in products and processes that directly affect investors, and conducting preliminary checks on some of the most affected companies.ESMA stated that the risks that need to be prioritized include biased or misleading AI outputs, products that are difficult for investors to understand, and reliance on a few third-party service providers. This priority will be advanced in parallel with the regulatory priority for cyber and operational resilience that will be launched in 2025.

Citigroup stated in its latest market strategy program that the failure of the U.S. Senate to advance the CLARITY Act for formal review did not interrupt Bitcoin's rebound. After the procedural vote on the bill was blocked, Bitcoin remained strong, indicating that funds have begun to reduce their reliance on a single legislative node and are instead focusing on whether regulatory rules can continue to move forward.Citigroup believes that the legislative blockage will limit the CFTC's ability to obtain a more comprehensive regulatory mandate for the crypto market in the short term, but the SEC can still advance some rule-making based on its existing authority. For the market, this means that the compliance process for the crypto industry still has room to continue, with the subsequent focus on the SEC's actual execution pace regarding trading, tokenized assets, and market access rules. Additionally, the macro environment remains a variable for Bitcoin's rebound.The baseline judgment of Citigroup's economic team is that this round of interest rate hikes may be close to "one and done"; however, the quantitative macro team warns that if AI investments continue to support growth, and employment and wage pressures persist, interest rates may face further upward revision risks. Citigroup views Bitcoin's position above the mid-term moving average as a signal of warming risk appetite and notes that its correlation with Nasdaq performance is worth continued tracking.

According to a report by ZDNet Korea, Samsung Electronics is adjusting its next-generation DRAM strategy by incorporating the previously project-based B1b into its official roadmap, naming it the first DRAM D0a below 10 nanometers. Previously, D0a referred to vertical transistor DRAM, and this product is now classified separately as D0a-V. This renaming aims to accelerate the introduction of advanced packaging in general DRAM.B1b will manufacture storage cells and peripheral driver circuits on different wafers before bonding them together, using wafer-to-wafer hybrid bonding and directly connecting through copper interconnects. The currently commercialized DRAM is 1c, which is the 6th generation 10 nanometer level, with a line width of about 11 to 12 nanometers; the next generation 1d is the 7th generation 10 nanometer level, with a line width of about 10 to 11 nanometers, considered effectively the last 10 nanometer level product, with the related line width being a marketing term rather than an actual physical size. Vertical transistors can arrange transistors within the cell vertically, reducing the cell area from 6F² to 4F², but they need to address high aspect ratio etching and leakage current, making development more challenging. Wafer-to-wafer hybrid bonding has already been mass-produced in CMOS image sensors and high-stacking NAND.Samsung Electronics is evaluating the use of B1b for the 8th generation high bandwidth memory HBM5. HBM5 is expected to be mass-produced around 2029, aiming to increase operating speed by more than 50% compared to HBM4E. Industry estimates suggest that D0a DRAM based on B1b will be commercially available in about two years, with specific mass production investment schedules likely to be determined by mid-next year.

SEC Commissioner Hester Peirce and SEC Crypto Working Group Chief Legal Counsel Taylor Lindman stated in a joint interview that, under the SEC's new innovation exemption, the first tokenized stock trading venues could begin to take shape as early as next quarter. Lindman mentioned that institutions expect companies to release the required notices outlining their operational plans in the coming months, which will be the first public indication of which companies intend to enter the new market. He believes there will be a lag from the announcement to the first companies submitting their notices, possibly at some point next quarter.Last week, the SEC issued a five-year conditional exemption allowing eligible platforms to facilitate the licensed trading of tokenized versions of U.S. listed stocks on public permissionless blockchains through automated market makers and liquidity pools. This relief has taken effect, but venues must issue notices and outline operations, and notify the SEC within one business day after the announcement. Lindman described this model as more on-chain finance rather than DeFi, with each venue having a designated individual or entity responsible for operations and compliance with the exemption conditions.Peirce responded to industry concerns about limits on the number of stocks and trading volumes, stating that the limits are high enough for companies to operate feasibly. She views the restrictions as an iterative approach to bringing tokenized stocks into regulated markets, with the five-year relief not being permanent but rather a bridge to long-term rules. Another potential constraint is the issuer veto right: venues must give listed companies 30 days to object before offering tokenized versions of their stocks created by non-affiliated third parties. Peirce does not expect widespread objections.

PPP market prediction tool monitoring shows that the probability of "Polymarket's next Claude Opus model being released on September 22" has risen to 77%, up 50% in 24 hours. Only the new model officially named "Opus" by Anthropic counts, such as Claude Opus 5.1, Opus 5.5, Opus 6, etc. Other names like Sonnet, Haiku, Fable, Mythos do not count unless officially named Opus by Anthropic.The release time is based on the calendar date in Eastern Time, USA. It must be genuinely open to the public to trigger settlement. Public beta and open rolling waitlists count; closed beta, invitation-only, or private access do not count. If the model name, placeholder, or labeling error appears only on Anthropic's official website, but the model is not actually available for public use, it does not count as released. The final settlement will primarily rely on official information from Anthropic, verified with credible media reports.

Bitcoin on-chain analyst Willy Woo stated that this round of movement seems to have room for growth in the next 2-4 weeks, after which it will enter an overbought phase and need to cool down.He also mentioned that from the end of August to mid-September, the oscillation indicator showed cooling while prices remained strong, indicating that buying demand overcame short-term profit takers.

Renowned trader Killa updated his views on the recent rapid surge of Bitcoin, stating that the next target for Bitcoin could reach the $88,000 range; however, if it quickly falls below $80,000, it may test the low of $70,000. Based on volume analysis, this scenario is currently unlikely.Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

PPP prediction market tool monitoring shows that the probability of Polymarket "Anthropic's next generation Claude Opus will be released before September 27" has risen to 90%, up 13% in 24 hours; the probability of it being released before September 30 has risen to 94%, up 7% in 24 hours.According to the settlement rules, if Anthropic's next Claude Opus model is made publicly available before the specified date (Eastern Time ET), the prediction market will settle as "Yes"; otherwise, it will settle as "No". Claude Opus refers specifically to the model explicitly named "Opus" by Anthropic; models released under other names, such as Sonnet, Haiku, Fable, or Mythos, do not qualify. Additionally, qualifying models must have been officially launched and made publicly accessible, including open testing or public rolling waitlist registration. Closed testing or any form of private access does not qualify for settlement.

The founder and executive chairman of Bitcoin Treasury Company Strategy, Michael Saylor, has once again released information related to Bitcoin Tracker, with the caption "A little more orange".According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

According to a report by Reuters, Gao Yang, co-founder and chief scientist of the Chinese humanoid robot startup Spirit AI, stated that humanoid robots could complete most general tasks based on verbal instructions as early as next year, but it will take at least 8 more years to enter households. He mentioned that the brain is the weakest link in the entire robotics technology stack, and it is expected to reach a milestone similar to GPT-3.0 by mid-2027, allowing users to speak to robots in natural language and have them perform a series of reasonable physical actions to attempt to complete tasks.Spirit AI was founded in 2024, has about 300 employees, and raised $670 million in funding within two years, with a valuation of $2.9 billion. The company employs about 1,000 contractors who wear data collection devices at home or in factories, primarily relying on real-world data for training. The success rate for simple tasks in a structured living room environment is 90%. Currently, dozens of Moz1 wheeled humanoid robots are deployed on production lines at CATL and JD.com.Gao Yang stated that the next 1-2 years represent the initial window for industrial applications, and after two years, they can enter commercial service scenarios to perform simple tasks, but entering households will be more challenging. In terms of safety, full-body force control is implemented, and the robots will automatically engage emergency braking when encountering significant interaction forces. High-quality data is the main bottleneck for training the robot's brain.

According to a report by Seoul Economic Daily, Samsung Electronics plans to increase the production of the sixth-generation high bandwidth memory HBM4 and the seventh-generation HBM4E, among other HBM4 series, by at least more than double compared to this year. The company intends to outsource the cleaning volume of glass substrates required for thinning HBM DRAM from 20,000 pieces per month this year to 50,000 pieces per month next year, an increase of 2.5 times compared to this year. Last year, the monthly demand for these substrates was about 10,000 pieces, which has already doubled this year compared to last year.The HBM4 and HBM4E that Samsung Electronics is focusing on expanding production are primarily high-stacking products with 12 layers or more. The company began mass production and shipment of HBM4 using sixth-generation 10nm (1c) DRAM and 4nm process-based chips in February this year, and provided 12-layer samples of HBM4E to customers such as Nvidia in May. The industry expects that, based on monthly wafer input, Samsung Electronics' HBM production capacity will increase from about 180,000 pieces this year to about 250,000 pieces next year, an increase of nearly 40%; the shipment proportion of the HBM4 series may rise from about 40% this year to about 80% next year.