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extended

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Article
Flash

first_img The perpetual contract platform Extended will migrate its settlement to Arc

The perpetual contract trading platform Extended announced that it will migrate its settlement network to Arc, a Layer 1 blockchain built for financial markets by Circle. The migration is scheduled to take place during the week of October 19, 2026, with specific timing to be announced closer to the date, and trading will continue during the migration. Accounts, sub-accounts, positions, orders, transaction history, points, and keys will remain unchanged.If any sub-account holds USDT or wBTC valued over 1 USD, users must convert or withdraw by 12:00 UTC on October 21, 2026, as these two assets will not exist on Arc. In-app conversion to USDC or cirBTC will be available at a 1:1 ratio, with Extended covering a 0.50% premium and no exchange fees; the premium will be credited within 8 hours after migration. Recharge for these two assets has been closed since 16:00 UTC on the announcement date. ETH will be automatically converted to wETH on Arc at a 1:1 ratio, and USDC will migrate as native USDC.Recharge and withdrawal are expected to be paused for no more than approximately 2 hours during the migration, while transfers between sub-accounts will remain available. If the relevant assets exceed 1 USD and the deadline is missed, the entire account will be restricted during processing, and the relevant sub-account positions will be liquidated at the mark price at the time of processing without any fees. The Arc mainnet will go live on September 16, 2026, with institutions such as BlackRock, DTCC, ICE, Visa, and Mastercard as its founding validators.

hot_img MLCC supply is in short supply: customers are raising prices two to three times to secure materials, with delivery times extended to 12-16 months

Driven by strong demand for AI, the MLCC market has seen a surge in price chasing and material grabbing. Industry sources indicate that some customers are willing to pay two to three times the price to secure supplies from major manufacturers like Yageo and Murata, creating a situation where the highest bidder wins. Yageo has admitted that AI-related customers are increasingly looking to lock in capacity in advance to reduce supply risks. Currently, major MLCC manufacturers are fully booked, with capacity nearing full load, and delivery times have extended to 12 to 16 months.In terms of capacity, Yageo expects the utilization rate for standard products this quarter to increase from about 80% in Q2 to over 90%, while special products will maintain a high level above 90%, overall trending towards full capacity. The company is also expanding production, with new capacity set to come online each quarter. Japanese manufacturers are also optimistic, with Murata significantly raising its annual profit forecast, and Taiyo Yuden stating that demand for AI servers has exceeded expectations. Industry insiders point out that large customers typically have a higher priority for capacity allocation, while small and medium-sized customers can only compete for limited supplies by offering higher prices. Yageo has noted that more and more customers wish to secure passive component supplies for the next six months to several years through long-term contracts to mitigate supply chain risks.
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