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According to Gate market data, U.S. semiconductor stocks rose broadly before the market opened, with SK Hynix up 5.5%, SanDisk up 2.8%, and Micron Technology up 2.62%.

On October 22, a16z announced the removal of "Crypto" from the name of its flagship blockchain fund, renaming it to a16z Frontier, and long-time general partner Ali Yahya is stepping down. The announcement stated that this move does not signify a withdrawal from investing in the cryptocurrency space, but rather aims to further broaden the investment scope.The fund has previously raised nearly $10 billion, including $4.5 billion in 2022 and $2.2 billion for Fund 5 this year, making it one of the largest institutional players in the industry. When raising Fund 5 this year, a16z stated that the industry is shifting from a price cycle to a usage cycle, focusing on the infrastructure of stablecoins, on-chain finance, prediction markets, and asset tokenization, rather than merely chasing market trends.Chris Dixon, founder and managing partner of a16z crypto, will remain in his position. Investments related to crypto assets and blockchain remain one of the core directions, but the overall label and strategic focus have been adjusted to cover a broader range of frontier technology fields.

According to the Ethereum Distributed Validator Technology (DVT) protocol SSV Network governance forum, SSV Labs submitted the DIP-59 proposal on October 21. The proposal states that due to the current market environment and the financial situation of the DAO, funding for work has narrowed compared to previous years and original plans. It intends to significantly reduce the original development roadmap, shifting the focus from new product development to network maintenance, security, and Ethereum upgrade adaptation.The proposal also intends to revise and extend the arrangements related to DIP-31, with the service period extended to the end of June 2027, and it involves subsequent phased arrangements. The proposal disclosed that the third and final grant of 1,736,111.11 SSV stipulated in DIP-31 has not yet been paid.

According to Bloomberg, the Milan prosecutor's office stated that Italian authorities are conducting arrest operations against 30 individuals suspected of operating a mafia-linked underground bank. This network is alleged to have transferred approximately 68 million euros abroad and used cryptocurrency to launder illegal funds.The operation extends to Spain, where local police are executing European arrest warrants, and Swiss authorities are also seeking to apprehend another suspect. The prosecutor's office claims that the network is based around a car rental company near Milan, using shell companies to issue false service invoices, helping involved businesses in construction, logistics, and other industries reduce taxable income. After companies made payments via bank transfers, the network deducted commissions and returned the funds in cash.Funds in the shell company accounts were transferred to banks in Luxembourg, Lithuania, and Germany, and then entered digital wallets allegedly controlled by the organization through cryptocurrency exchanges. Investigators identified over 110 million euros in false invoices and found that the network also handled drug trafficking proceeds and funds from victims of online cryptocurrency investment scams.

According to market data, Pearl (PEARL) is currently priced at $2.21, up 12.1% in the last 24 hours, with a market capitalization of approximately $776 million and a 24-hour trading volume of about $9.93 million, with a circulating supply of 352 million tokens. Over the past 30 days, the token has increased by a total of 138.8%. Previously, Kraken has included PEARL in its roadmap.

Cross-chain stablecoin bridge Cashmere announces expansion plans, with the automated liquidity product Goat LP set to open to all users, followed by the launch of the main product Mountain and the token $CSM. Cashmere Bridge currently supports zero-slippage stablecoin transfers across 16 chains, and Goat Street features 6,666 goat NFTs on the Robinhood Chain. The team states that there is currently no official $CSM, and the related arrangements are part of the current plan and may change.Goat LP targets Uniswap v3 and v4 positions on the Robinhood Chain, with positions remaining in users' wallets as Uniswap NFTs. Automatic reinvestment incurs a 10% reinvestment fee, with Gas covered by the project team; automatic adjustment of ranges and automatic exits both incur a 0.15% fee. The official description refers to it as experimental software. The Mountain code has completed testing and will undergo external auditing before going live. Barn is a soulbound NFT with a maximum of 10 slots, and after issuance begins, new $CSM will be distributed every second. Goat NFTs can be permanently bound to receive issuance shares and cannot be sold or withdrawn after binding.The plan is to issue 1,000 founding Barns, with a guaranteed slot price of 0.125 ETH, whitelist at 0.25 ETH, and public auction prices dropping from 1.5 ETH to 0.25 ETH. $CSM will begin trading through the official Uniswap v4 ETH pool, while market making and tokens on Anvil have been canceled and redeployed due to technical issues. The maximum supply is planned at 666 million, with 10% allocated for official pool liquidity, 25% for the team and treasury with designated ownership, and 65% issued as the system operates. The team also plans to airdrop to Barn participants, Goat Street activators, and early users, with wallets that have listed goat NFTs on OpenSea being excluded.

Coinbase Assets posted on X that today they have added Axis Labs (AXIS), Pearl (PEARL), and Stable (STABLE) to the asset roadmap.

According to Gate market data, the storage sector in the U.S. stock market saw a general rise before the market opened, with Micron Technology up 2.4%, SanDisk up 3.64%, SK Hynix up 3.6%, and Western Digital and Seagate Technology both up over 2%.

Tesla's official website in China has opened reservations for the Roadster, with a reservation deposit of 332,000 yuan for the Performance version.The official website in the United States has opened reservations for multiple versions, with a reservation deposit of 50,000 dollars for the Performance version, 250,000 dollars for the Thrust version, and the Rocket version is available by invitation only.

The second-generation Tesla Roadster supercar has been unveiled, equipped with a cold air propulsion system developed in collaboration with SpaceX. Musk stated that Tesla will begin production of the Roadster sports car in 2028. In August of this year, Tesla, Inc. applied to register the "Roadster" trademark, classified internationally as a vehicle, with the current trademark status being in the application process.

In an interview with Bitcoin Magazine, Capriole Investments founder Charles Edwards stated that for Bitcoin to break through its historical high, substantial changes need to occur. Possible catalysts include significant advancements in quantum computing, a shift in Federal Reserve policy, the U.S. government directly purchasing Bitcoin, or a new round of stimulus events. He also pointed out that institutional buying through ETFs continues to provide strong support for the market.Edwards mentioned that AI-driven unemployment could change the Federal Reserve's policy path, thereby affecting Bitcoin's trend; the continuous rise in computing power constitutes a bullish signal on the Hash Ribbons indicator, and he discussed whether this computing cycle is different in the AI era. Additionally, he assessed whether Bitcoin is still undervalued from the perspectives of production costs, energy value, and MVRV, and talked about the unknown territory Bitcoin occupies in a global liquidity environment with a 5% interest rate.Regarding quantum computing, Edwards believes that a clear roadmap for quantum computing could instead become an upward catalyst for Bitcoin. He also discussed the crypto security risks brought about by superintelligent AI and what factors might trigger the next historical high for Bitcoin.

Bitcoin News posted on platform X that the Finance Committee of the French National Assembly has approved a proposal to impose a tax of up to 31.4% on the exchange of Bitcoin for stablecoins, applicable even if not exchanged for fiat currency; residents carrying over 800,000 euros in cryptocurrency assets abroad may face an exit tax on unrealized cryptocurrency gains.The related amendment was withdrawn after the committee rejected part of the budget revenue and still needs to be reintroduced during the full debate in the National Assembly. The proposal has not yet become law, and if approved, the new regulations will take effect on January 1, 2027.

On Tuesday, the global semiconductor sector faced a massive sell-off, with the decline intensifying. The trigger was Broadcom CEO Hock Tan stating that AI investments have a "casino-like" nature. He mentioned in Singapore on Monday that many investors do not even know what they are investing in and that investors have set extremely high expectations, only to find that it is just like being in a casino.The world's two largest memory chip manufacturers, Samsung Electronics and SK Hynix, saw their stock prices plunge by 8.8% and 9.2% at one point during the morning session, dragging down South Korea's main stock index by 7%. The two companies account for about half of the weight in the Korea Composite Stock Price Index, and their stock prices have cumulatively dropped by about 15% over the past five days. The Taiwan Weighted Stock Index, dominated by chip stocks, fell by 2.5%, with TSMC down 2%; Micron Technology dropped nearly 4% overnight, and the Philadelphia Stock Exchange Semiconductor Index fell by 2.7%.

According to Bloomberg, Hock Tan, CEO of chip company Broadcom, stated at an event in Singapore on Monday that the artificial intelligence craze has attracted a group of investors with strategies similar to gamblers, some of whom have little understanding of what they are betting on. He mentioned that many investors "don't even know what they are investing in," setting extremely high expectations, resulting in a situation that is "almost like being in a casino," and specifically pointed to the investment frenzy driven by a lack of understanding of cutting-edge large language models.As the head of a company that designs key components for global data centers, Tan also questioned whether companies are wasting money on AI projects and the long-term economics of AI labs that are continuously losing money. He noted that ChatGPT developer OpenAI's annualized revenue reached $50 billion in September, indicating a viable model, but it does not guarantee long-term profitability; it is still losing money due to high training costs, and currently only suggests that cutting-edge generative models have significant potential revenue growth.Tan also warned that a lack of capital could become the next constraint on industry growth. The Australia-based data center company Firmus Grid, supported by Nvidia, withdrew its planned $5.5 billion IPO last week. Before Tan's remarks, DBS Group CEO Tan Su Shan stated that after a large amount of investment, the market is re-pricing the risks associated with AI financing.

According to Gate market data, the S&P 500 index futures rose by 0.39%, the Nasdaq 100 index futures rose by 0.82%, and the Dow Jones index futures rose by 0.17%.

According to official social media news, Huobi HTX will hold a themed live broadcast today at 20:00 titled "Market Betting on December Rate Hike: Can BTC Withstand This Round of Impact?" At that time, crypto KOLs such as Sister Mao, AlanSun, Aiden, and Crypto.0824 will engage in an in-depth discussion on the Federal Reserve's monetary policy expectations, changes in macro liquidity, and recent market trends of BTC. The focus will be on analyzing the potential impact of the rising expectations for a rate hike in December on the crypto market, as well as BTC's key support levels, long and short positions under macro pressure, and the subsequent evolution of market trends, providing investors with multi-dimensional references for market trend analysis.

AMD Chairwoman and CEO Lisa Su arrived at Samsung Electronics' Seocho office building in Seoul at around 4:44 PM on October 7, meeting with Vice Chairman Choi Yong-hyun, head of the Device Solutions Division, approximately seven months after her last visit to South Korea. Jack Huynh, head of AMD's Computing and Graphics Group, and Vice President Joseph Macri accompanied her. Lisa Su stated that both sides would discuss a broader partnership and mentioned that Samsung has many partners; when asked if she would meet with Lee Jae-yong, she said it was inconvenient to disclose.Before visiting Samsung, Lisa Su attended AMD Player Day in Seoul, referring to Samsung and SK Hynix as core supply chain partners and stating that they are planning a long-term supply chain due to rising demand for artificial intelligence. She mentioned that the next-generation MI455 and Helios systems have begun shipping and both use HBM4, supported by two companies, and that the HBM collaboration will not stop at one generation. Reports indicate that the Instinct MI455X features 432GB of HBM4, an increase of 50% compared to the previous generation MI355X's 288GB of HBM3E. She noted that memory supply is very tight and that they are optimizing usage with customers and asking partners to expand production. TrendForce predicted on the 29th of last month that the limited advanced process capacity shared between HBM and regular DRAM may continue to lead to tight supply into next year.Reports state that both parties signed a memorandum of understanding in March this year centered on the supply of HBM4 and next-generation DDR5, designating Samsung as the main supplier of HBM4 for the MI455X and discussing Samsung's contract manufacturing of AMD's next-generation products. Choi Yong-hyun stated at that time that Samsung can provide memory, foundry, and packaging simultaneously.

According to The Wall Street Journal, Broadcom (AVGO.O) is customizing AI chips for OpenAI and is seeking over $50 billion in financing.

Muneeb Ali, the head of Stacks Labs under the Bitcoin Layer 2 network Stacks, announced his CEO plan, promising to transfer the relevant intellectual property to the Stacks Endowment.He also committed to launching a two-year roadmap that covers Bitcoin privacy and post-quantum technology, and will hold a public conference call for token holders within 30 days.

According to the official announcement, Coinbase has included PONS and WHUF in the listing roadmap.