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first_img South Korean retail investors have resumed buying leveraged single stocks in chips, with a net purchase of approximately 4.7 trillion won in SOXL

According to North Korean Commerce reported on October 25, after a sharp decline in the South Korean stock market, individual investors have re-entered to buy leveraged products betting on the rebound of Samsung Electronics and SK Hynix. Data from the Korea Exchange and Koscom ETF Check shows that from October 1 to 23, individual net purchases of 14 related products amounted to 315.4 billion Korean won, of which 7 related to SK Hynix accounted for 226.3 billion won, and 7 related to Samsung Electronics accounted for 89.1 billion won.The aforementioned 14 products had a net purchase of 27.728 trillion won in July, but turned to net selling after regulatory tightening such as the increase in depositary receipts on July 31. In August and September, there were net sales of 648.4 billion won and 497.9 billion won, respectively, and this month individuals have first turned back to net buying. During the same period, KODEX SK Hynix leveraged product saw a net purchase of 15.294 billion won, ranking 11th among ETFs listed in South Korea; individuals also net bought KODEX Leverage 10.448 trillion won and KODEX Semiconductor Leverage 256.4 billion won. The South Korean Composite Index fell by 18.83% in October.Data from the Korea Securities Depository shows that from October 1 to 22, South Korean investors net bought U.S. stocks worth 4.8009 billion dollars, approximately 63.621 trillion won. Among them, the net purchase of SOXL, which tracks the daily returns of the U.S. semiconductor index at 3 times, was 3.54764 billion dollars, about 47.041 trillion won, accounting for 73.9% of the net purchases of U.S. stocks during the same period. The article also noted that leveraged products track daily returns by multiples, and when the market reverses, losses can also be magnified by 2 or 3 times, and during repeated sharp rises and falls, negative compounding effects may also occur.

Wang Xingxing said he is afraid of wasting every day and expects breakthroughs in physical AI within two to three years

On October 22, at the 2026 World Physics AI Conference and Yushu Partner Ecosystem Conference, Yushu Technology founder Wang Xingxing stated, "I am really very afraid of wasting each day," demonstrating a strong sense of urgency regarding the acceleration of physical AI.Wang Xingxing believes that top AI models have already penetrated the mathematical world, and physical AI has also shown signs of being penetrated, with the breakthrough likely occurring in the next 1 to 2 years or 2 to 3 years. Live demonstrations showed that the Yushu robot equipped with GPT-6 could complete tasks such as painting, playing chess, and recognizing color palettes without additional training, indicating that the model can solve some planning problems. He expects that by the end of this year or next year, the robot is expected to complete tasks like organizing a room as instructed.In light of this time window, Yushu Technology officially launched the "Yuchuang Plan," opening recruitment for embodied intelligent entrepreneurs with core technologies, aiming to incubate over 200 ecological enterprises in the next five years. Wang Xingxing also pointed out that after the breakthrough point of physical AI, robot hardware needs to reach a scale of producing tens of millions of units annually, and emphasized the importance of core resources such as data, computing power, chips, and energy.

first_img Evernorth's $132.2 million warrant registration has become effective, planning to list on NASDAQ under XRPN

Digital asset treasury company Evernorth Holdings, Inc. and SPAC company Armada Acquisition Corp. II announced that the U.S. Securities and Exchange Commission (SEC) has declared the S-4 registration statement related to their proposed business combination effective. This registration statement covers up to 11,499,992 shares of Class A common stock that may be issued and sold upon the exercise of warrants, calculated at an exercise price of $11.50 per share, corresponding to a scale of approximately $132.2 million.According to the arrangement, Armada shareholders registered as of August 20, 2026, will hold a special meeting on September 30, 2026, to vote on the transaction. If the transaction is approved and customary closing conditions are met, the combined company is expected to be listed on Nasdaq under the ticker symbol "XRPN," with the transaction anticipated to be completed by the end of the third quarter or the beginning of the fourth quarter of 2026. Asheesh Birla, founder and CEO of Evernorth, stated that the effectiveness of the registration statement is an important milestone in completing the proposed business combination.Evernorth is positioned as a digital asset treasury company aimed at building institutional-level XRP economic exposure, planning to deploy funds into the XRP ecosystem through strategies designed to enhance the per-share XRP holdings. Its investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, and GSR.
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