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According to on-chain analyst Yu Jin's monitoring, the largest short position established the day before Changxin Storage (Changxin Storage) went public has been completely closed 10 hours ago.This address shorted at a price of $6.5 and closed the position at a price of $8.5 after holding for 2 months, resulting in a total loss of $10.98 million, including a funding fee loss of $5.18 million and a price change loss of $5.8 million.

ZachXBT posted on platform X that UPay may allow the sanctioned illegal market Xinbi to issue its Visa crypto card and requested UPay to clarify the situation.ZachXBT stated that Xinbi is mainly involved in pig butchering scams, fraud, money laundering, and human trafficking.

According to a report by South Korea's "JoongAng Ilbo," a statement obtained from a former head of equipment investment at Changxin Memory Technologies (CXMT), who has a background at Samsung Electronics, reveals that the former CEO of CXMT, Wang Ningguo, summoned the Korean team, including the individual in question, from October to December 2016. He demanded they bring back Samsung Electronics' Process Recipe Plan (PRP) and equipment information, threatening to report them to the South Korean government if they failed to do so, and warned them to verify their connections and not to lie. The individual stated that they felt scared at the time. The report mentioned that CXMT's management referred to Samsung Electronics as "Huangshan."After working at Samsung Electronics for 28 years, the individual joined CXMT and was prosecuted for allegedly leaking and using Samsung's 1.6 trillion won investment in the world’s first 18-nanometer DRAM process without authorization. In April of this year, they were sentenced to seven years in prison in the first trial and are currently in the second trial. The PRP includes the sequence of about 600 steps in DRAM manufacturing, equipment, condition values, and the companies and models of the equipment. Park, a former process design engineer at Samsung, hand-copied the relevant content into a 12-page notebook in September 2016 and brought it out, and is currently under an Interpol Red Notice.During the court hearing, the individual stated that there was a claim made during communications with the Chinese side that investment would not be provided to CXMT if they could not produce the 18-nanometer process. They later learned that the other party had wanted the technology from the very beginning, and CXMT initially had no plans to develop it independently. The pressure mentioned occurred before a meeting to prepare for the investment application. CXMT was established in 2016 with an investment of 14.4 billion yuan from Hefei Industrial Investment, a subsidiary of the Hefei municipal government, and had not been profitable for about 10 years, achieving its first annual profit last year with a net profit of 7.1 billion yuan.

According to Caixin, poker master and seasoned cryptocurrency investor Hu Zheweng made significant bets during the three waves of cryptocurrency frenzy involving ICOs, algorithmic stablecoins, and AI tokens, but faced consecutive failures. Hu Zheweng claimed to have invested in the blockchain project Stratis, achieving a return of "over 1000 times."According to disclosed information, Hu Zheweng invested approximately 80 million USD in algorithmic stablecoin TerraUSD (UST) and its sister token LUNA from May 2021 to May 2022, with the peak market value of his holdings exceeding 800 million USD, but the price of LUNA subsequently nearly dropped to zero.In addition, Hu Zheweng has filed a lawsuit in Chicago, USA against the globally renowned quantitative trading firm Jump Trading and its related companies and executives in the cryptocurrency business, seeking at least 500 million USD in damages. After experiencing Stox and Terra, Hu Zheweng has not left the cryptocurrency market; last January, he bet on a new project by a Chinese computer professor Zhang Yongfeng. Zhang Yongfeng entered the Computer Science Department of Tsinghua University in 2007 and is currently a tenured associate professor in the Computer Science Department at Rutgers University in the USA. He has been sued by Hu Zheweng on multiple charges including "securities fraud." It is reported that the tokens issued by the organization founded by Zhang Yongfeng, in which Hu Zheweng invested millions of dollars, have fallen over 99.6% from their peak in 2025.

On September 24, the trending topic "Doubao employees lament that Doubao has become a marginal product" topped Weibo's hot search. Previously, media reported that the Doubao General Session team had undergone personnel reductions. Following the dissemination of related content, statements such as "Doubao layoffs" and "half of the dialogue team cut" appeared online, with some claiming that internal employees lamented that Doubao was being marginalized.In response to the above statements, Doubao's public relations head Liu Xing posted a response stating: Some media reported that the Doubao Session team underwent organizational adjustments, and some self-media interpreted it as Doubao layoffs and cutting half of the Doubao dialogue team, which is inaccurate information; in fact, it is merely an organizational adjustment of responsibilities.According to Liu Xing, part of the functions of the Doubao General Session team has been split into the Doubao trading and Doubao work teams, with relevant personnel being transferred accordingly. Many employees are still engaged in dialogue experience-related work, such as optimizing the trading dialogue experience on the trading side. The team has fewer than 50 people, and the adjustment of responsibilities involves 11 individuals, of which 3 have left. He emphasized that statements in some self-media reports, such as "Doubao layoffs affecting 200 million users" and "half of the dialogue team cut," are inaccurate.

According to Caixin, on-chain perpetual contract platforms represented by Hyperliquid have quietly risen overseas for some time. The platform was founded by a former Wall Street high-frequency trading engineer, without external VC funding, relying on its self-developed dedicated L1 public chain and a full on-chain order book to stand out in the DEX track.The trigger that attracted the attention of the domestic market and regulatory authorities was the launch of popular perpetual contracts involving Chinese assets, combined with offshore derivatives such as oil contracts under the previous Iranian geopolitical conflict. While pricing diverse assets, the platform also challenges global financial regulation. Against the backdrop of the stalled progress of the Clarity Act in the United States, such offshore unlicensed derivative agreements continue to develop.

The global memory market continues to face severe shortages, with AI and cloud applications driving demand and prices for DRAM and NAND Flash. China's two major memory manufacturers, Yangtze Memory Technologies and Changxin Memory Technologies, are set to break the current duopoly.Yangtze Memory Technologies will begin trial production of LPDDR5 DRAM by the end of 2026, while Changxin Memory Technologies aims to transition from DRAM to NAND Flash. Industry speculation suggests that the two companies may face off as early as 2028. Yangtze Memory Technologies has completed the development of 294-layer 3D NAND using Xtacking technology, and Samsung will enter into a patent licensing agreement with them in 2025, starting with the 10th generation V-NAND.Yangtze Memory Technologies' phase three plan is set to commence production by the end of 2026, with an initial capacity of approximately 25,000 wafers of DRAM, ramping up in 2027, targeting LPDDR5, and planning for subsequent expansions as well as HBM and 3D DRAM. Changxin is reported to be setting up a NAND research and production line in Beijing, with mass production expected as early as 2028 to 2029.

According to TechPowerUp, Chinese DRAM manufacturer Changxin Storage (CXMT) expects to reach a monthly production capacity of approximately 350,000 DRAM wafers by the end of 2026, while Micron estimates around 375,000 wafers during the same period. The cleanroom construction cycle for Changxin Storage is about 12 months, shorter than the industry norm of 21 to 24 months.Due to U.S. sanctions preventing access to EUV, Changxin Storage is using older DUV lithography and multi-patterning technology. The company has begun shipping 16 Gb DDR5 chips at a speed of 8000 MT/s, with a chip area of 67 mm² and a density of 0.239 Gb/mm², where the G4 unit is 20% smaller than the G3. The 24 Gb modules are being mass-produced at approximately 6000 MT/s, and LPDDR5X-10667 modules (12 Gb and 16 Gb) have also entered mass production. The Chinese government is encouraging Changxin Storage to transfer DRAM IP to domestic manufacturers such as JHICC, Swaysure, and Yangtze Memory Technologies (XMC).

At the 2026 World Manufacturing Conference, memory chip manufacturer Changxin Technology announced the official mass production of its fifth-generation technology platform.According to reports, Changxin Technology has achieved a half-pitch of 11.95 nanometers in the active area of the memory array, with a capacitor aspect ratio of 45:1, and the height of the core kinetic area has been reduced to 6762 nanometers. The storage density of the fifth-generation process platform has significantly improved, with each wafer producing over 50% more than the previous generation platform under the same conditions.The 24GB LPDDR5X product developed based on this platform has entered formal mass production and is being used in mainstream domestic flagship smartphones.

According to Reuters, citing informed sources, Changxin Storage (CXMT) is preparing to enter the NAND flash memory chip market, expanding beyond its core DRAM business and competing with Samsung Electronics, SK Hynix, Micron, and Yangtze Memory Technologies.Changxin Storage plans to establish a NAND flash research and production line at its new factory in Beijing and set up a research institute in Beijing that includes NAND development projects. The company has discussed related plans with clients, including a startup that intends to procure chips for AI systems and supercomputers. The timeline for the operation of the R&D line or large-scale commercial manufacturing remains unclear.The global storage shortage is driven by demand for AI servers and is expected to last at least until 2027. Manufacturers prioritize DRAM and HBM spending, limiting the increase in NAND capacity. Changxin Storage raised 57.92 billion yuan in its IPO in July. Yangtze Memory Technologies was placed on the entity list in 2022.

The general AI computing power chip unicorn EVAS Intelligence announced the completion of a new round of financing, amounting to nearly 2 billion yuan, with a post-investment valuation estimated to be close to 15 billion yuan.This round of financing brought together over 20 investment institutions, including Huatai Innovation, Zhongding Capital, SMIC Juyuan, Jiuan Medical, Renai Capital, Tongfu Microelectronics, Saiyi Industrial Fund, Heli Capital, Xinxin Leasing, Hengxu Capital, Shangqi Capital, Jiangguang Zhanlu, and Rongyi Capital. EVAS Intelligence mainly provides efficient and scalable AI computing acceleration solutions, promoting the widespread application of AI technology across various industries.

Polymarket Vice President of Engineering Josh Stevens tweeted that the team has built an indexing system using the open-source Rust tool rindexer, allowing on-chain events to be visible up to approximately 14 blocks (about 28 seconds) in advance, and completing indexing within 0-10 milliseconds after block broadcasting, approaching real-time.He stated that transaction, position, and balance refreshes will be faster. Goldsky continues to serve as data backup, and the main path has switched to self-built infrastructure.

In an article published in the official publication "China Cybersecurity" on Sunday, Chen Yixin, the Minister of the Ministry of State Security of China, stated that the rapid development of artificial intelligence may threaten political stability and critical infrastructure. The misuse of artificial intelligence by adversaries could "directly threaten China's political security, institutional security, and ideological security."Chen Yixin also mentioned that the ability of artificial intelligence to discover system vulnerabilities and subsequently create malware or exploit these vulnerabilities is increasing. The article has been cited by foreign media such as Reuters as one of the more detailed warnings regarding artificial intelligence risks from Beijing to date.

Taiwanese precision parts manufacturer New Sun Technology is currently only screening gold sample hinges that meet Apple's standards to supply Apple's foldable smartphone iPhone Duo, with related production still unstable. The iPhone Duo announced by Apple on the 9th local time has unstable hinge production as the biggest factor affecting the delay in the production schedule.The original first supplier was Amphenol from the United States, but due to low yield rates, the second supplier New Sun Technology has become the first supplier for production. The yield rate of New Sun Technology's hinges remains low, with only qualified products sent to Foxconn. The supply of back panels is also tight, with the second supplier Lingyi Technology in China facing difficulties in mass production.Apple has provided partners with an estimate of components that can produce about 5 to 6 million complete units by the end of this year. Pre-orders will start on October 16, with the release date set for October 23. Prices start at $1999 for the 256GB model and go up to $3199 for the 2TB model.

According to Nikkei Asia, Chinese chip manufacturer Changxin Storage (CXMT) has taken the lead in profit margins over global competitors, surpassing SK Hynix and Micron. The company has leveraged the tight supply of commodity-grade DRAM to gain an advantage in the second quarter.Changxin Storage's main products include DDR5 memory, which has seen price increases in recent months. Reports indicate that this situation has emerged in the storage chip industry dominated by suppliers from South Korea, the United States, and Japan.

According to a notice from the U.S. Department of Justice, the Department's Fraud Center Strike Force, in coordination with the Department of the Treasury, took coordinated law enforcement action against Xinbi Guarantee, seizing and restricting the disposal of over 52 million dollars in cryptocurrency in a single day, bringing the total assets restricted by the task force to approximately 938 million dollars. Tether provided proactive assistance in this investigation.The Department of Justice alleges that Xinbi is an illegal scam service market primarily operating through Telegram, providing customized investment scam websites, money laundering services, and recruiting victims of human trafficking to work in scam parks in Southeast Asia. Law enforcement has seized its Telegram channel and two cryptocurrency wallets holding approximately 12 million dollars, and restricted the disposal of an additional 47 related wallets.At the same time, the U.S. Department of the Treasury's Office of Foreign Assets Control designated Xinbi as a significant transnational criminal organization and sanctioned two additional entities that support it. The task force also assisted Madagascar in shutting down 13 scam parks operated by Chinese criminal groups, processing over 3,200 electronic devices, and local authorities arrested nearly 400 people.

Data analysis and indexing platform Bilinear Labs announced that it has been acquired by Sei Labs, and the team will join Sei Labs to participate in the development of projects such as Sei Network and Sei Giga.Bilinear Labs will cease operations on September 14, and the platform is built with Rust, having indexed hundreds of billions of events and launched the BYOABI technology.

Tether froze approximately $39.3 million USDT across 10 addresses on the Tron network earlier today, which are related to Xinbi Guarantee. Insiders revealed that Xinbi Guarantee is a guaranteed trading market that emerged around 2022 on Telegram.Blockchain analytics firm TRM Labs has described it as one of the largest illegal cryptocurrency markets in Southeast Asia, stating that the platform has processed a cumulative transaction volume of about $24.2 billion. The on-chain tracking platform MistTrack was the first to disclose the news regarding the frozen USDT. This freeze indicates that Tether is further taking on-chain asset freezing measures to restrict addresses deemed to be associated with high risk or suspected illegal activities.

On September 9, Caocao Travel announced the launch of AI ride-hailing services in collaboration with Doubao, which will be available in Beijing, Hangzhou, and Suzhou.Caocao Travel stated that it will deepen its cooperation with Doubao in the future, expanding more AI travel functions including intelligent vehicle control, gradually replicating the experience gained from this launch in more cities, and further exploring Robotaxi service capabilities.