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According to Gate market data, the Philadelphia Semiconductor Index is expected to evaporate more than 2 trillion USD in market value within seven trading days.

As chip stocks' market value evaporates by $1 trillion, ETF investors are pouring billions into the dip.The VanEck Semiconductor ETF attracted over $430 million in inflows over the past three days, while the Direxion Daily Semiconductor Bull 3X Shares ETF saw approximately $3.8 billion in inflows this week, setting a record. The Philadelphia Semiconductor Index has cumulatively dropped 12% over six days.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale invested $572,902.11 in a single bet on the event "Club Atlético de Madrid vs. Manchester United FC" for "Club Atlético de Madrid." Based on the current transaction price, the latest corresponding winning probability for this bet is 55%.

Multiple venture capital firms in Silicon Valley are competing to secure GPU computing power to provide exclusive resources for their AI startups. a16z established a computing power pool of about 20,000 GPUs as early as 2024 and is negotiating expansion with data center companies Switch and Volta. General Catalyst plans to build a data center for its portfolio companies and has brought in the former head of NVIDIA DGX Cloud in May this year to oversee AI infrastructure operations.Even if AI startups complete their financing, they may not be able to rent GPUs in a timely manner. In April this year, major cloud providers like Microsoft were reported to prioritize allocating computing power to internal teams and large clients, leaving some startups facing months of waiting. a16z previously disclosed that during times of computing power shortages, prices that could originally be secured with a six-month contract might require a three-year commitment. Model training requires a large amount of GPU usage in a short period, while inference demand is difficult to predict, making it easy to waste funds by locking in computing power for several years in advance.a16z is concentrating on purchasing and leasing computing power through the Oxygen project, redistributing it to its portfolio companies, allowing them to access prices and contract terms typically reserved for large clients. In August this year, a16z co-led a $300 million financing round for Volta, which is valued at $2.4 billion, with investments covering both AI startups and data center companies providing computing power. The small venture capital firm Crucible Capital has built a cluster with 576 NVIDIA B300 GPUs for its portfolio companies to test, while also selling some computing power to a cutting-edge AI laboratory. This model allows venture capital firms to take on investments that were previously mainly borne by cloud providers and data center operators.

The founder of the WHUF project posted on X that the WHUF trading price is below the ICO price. He stated that the price guarantee is functioning as designed, and the redeemed WHUF will be destroyed and permanently removed from circulation. The team originally expected this mechanism to reduce sell-offs close to $3.57, but 23% of the original purchase amount did not receive guarantees within the protection window, which currently constitutes the largest outflow.The founder mentioned that the team focuses liquidity on Coinbase, hiring two market makers and allocating 175 basis points of centralized exchange liquidity, with only about 25 basis points on-chain. The launch pool has about 20,000 WHUF and less than $100,000 USDC, with auction buyers selling about 101,000 WHUF in the first hour after unlocking. A single $10,000 sell order caused the price to fluctuate nearly 20%. Of the 1,402 auction wallets, 298 sold, with 92% occurring in the first 3 hours. The team refused to pay for listings, and the exchange's +/-2% depth sometimes only amounts to $10,000 to $40,000. Of the $7.14 million raised from the ICO, $7.14 million has been reserved for price protection.The founder stated that if the auction is redone, they would choose Uniswap CCA and use the Sonar platform fees to inject liquidity. Redemptions must check against the sanctions list, and Sumsub has flagged 5 individuals who did not pass, with reasons including terrorism and crime. Redemptions for non-sanctioned users have been automated, and the team will return USDC in batches and destroy the corresponding WHUF, which is expected to take at least several days. At the time of the project's issuance, 20% of the supply was sold, mainly raised from the community, and provided protocol usage rewards and ICO price protection.

Navitas Semiconductor announced a collaboration with NVIDIA (NVDA.O) to develop an 800V to 12V power conversion board for next-generation AI infrastructure.

According to South Korean media Dailian, the Digital Asset Exchange Alliance (DAXA) has released the "2026 Digital Asset Policy Compilation." Professor Zhao Zaiyu from Hanyang University pointed out that since the ICO ban in 2017, domestic cryptocurrency projects in South Korea have continuously moved their issuance entities and business foundations overseas due to regulatory gaps. The token issuance of Klaytn is handled by a Singaporean entity, and Wemade's WEMIX is also issued by a Singaporean entity. Subsequently, Metabora moved to Dubai, and NeoFin relocated its foundation to Abu Dhabi, with the trend of industry outflow continuing to intensify.Experts indicate that the core obstacles are the regulatory gaps between domestic and foreign issuers and the difficulties in opening corporate bank accounts. They emphasize that "what Korea needs is not looser regulations, but clearer rules," calling for the Digital Asset Basic Law to clarify the licensing standards for issuance, custody, verification, and other business activities, and to establish special procedures for the return of core functions from overseas to the domestic market.

Multicoin co-founder Kyle Samani announced on platform X that his largest personal angel investment has been made into Backpack.On September 2, Backpack announced that Multicoin Capital co-founder and early Solana investor Kyle Samani has joined the Backpack US Board of Directors. Samani has long focused on the development of DeFi, blockchain infrastructure, and global capital markets. Backpack stated that this appointment reflects a shared judgment between both parties that the future of global finance will combine institutional-level risk control with the efficiency and transparency of on-chain markets.

Hurricane "Isaias" is approaching, and nearly 63% of offshore crude oil production in the U.S. Gulf of Mexico has been suspended. Energy giants such as BP, Shell, and Chevron have cut production and evacuated platform personnel.The hurricane is expected to make landfall early Friday or Saturday.

The venture capital firm Disruptive is raising up to $10 billion for a new fund, planning to invest in about 10 late-stage companies. Disruptive was founded by Alex Davis and has currently secured approximately $7.5 billion in funding commitments.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Samsun: Cagla Buyukakcay vs. Linda Klimovicova," the "Over" option in the sub-market "Samsun: Cagla Buyukakcay vs. Linda Klimovicova Match O/U 23.5" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 86.9% (a fluctuation of 36.9%). Please note the impact of relevant breaking news.

Former Messari analyst Mason Nystrom announced on the X platform that he has officially joined Multicoin Capital as an investment partner. Prior to this, Mason Nystrom worked at Pantera Capital and Variant Fund.Mason stated that with his background at ConsenSys and Messari, along with in-depth research on stablecoins, tokenization, and consumer cryptocurrencies, he will closely focus on venture capital in stablecoins, consumer applications, and financial infrastructure.

According to Gate market data, U.S. stocks in the semiconductor, storage, and optical communication sectors rose broadly before the market opened on Monday.In the semiconductor sector, Lam Research (LRCX) rose 0.21%, Applied Materials (AMAT) rose 0.21%, Arm (ARM) rose 0.7%; in the storage sector, Micron Technology (MU) rose 0.03%, Western Digital (WDC) rose 1.62%, SanDisk (SNDK) rose 0.87%, Seagate Technology (STX) rose 1.56%.In the optical communication concept stocks, Applied Optoelectronics (AAOI) rose 1.45%, Coherent (COHR) rose 0.88%, Credo (CRDO) rose 1.44%, Lumentum (LITE) rose 0.88%, Nokia (NOK) rose 0.19%, Astera (ALAB) rose 1.88%.

The GPU infrastructure financing platform Silicon Exchange has announced its launch, positioning itself as a financing method for artificial intelligence infrastructure. Users can hold real shares of GPU infrastructure, while the platform is responsible for deployment and hosting, and computing power clients use the related hardware.Silicon Exchange stated that users can visit its official website to view the first GPU vault. The official announcement has not disclosed the scale of the vault, hardware models, financing structure, or specific profit arrangements in this post.

According to The Defiant, U.S. District Judge Jennifer Rochon ruled to dismiss the class action lawsuit against LIBRA and M3M3 tokens, and it was a "dismissal with prejudice," meaning the plaintiffs cannot bring the same claims again.The judge found that the plaintiffs' reliance on a six-month issuance of Meme coins was insufficient to support the Racketeer Influenced and Corrupt Organizations Act (RICO) allegations; at the same time, the plaintiffs never listed Meteora as a suable entity.

According to Onchain Lens monitoring, the Multicoin Capital wallet deposited 92,400 HYPE into Coinbase Prime, worth approximately 8.34 million USD, suspected to be for sale.

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.