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According to the Science and Technology Innovation Board Daily, Nvidia CEO Jensen Huang stated during a media interview at the GTC conference in Berlin on Thursday that the likelihood of a memory supply surplus by 2029 is low. He mentioned that one great aspect of memory is that there is always more that can be used, and he noted that HBM will continue to be applied in the coming years.Jensen Huang also stated that Nvidia is the first company in the world to introduce LPDDR memory, used in mobile phones, into data centers, which doubles its energy efficiency compared to any current global solution, thus it will continue to use this type of memory extensively. He mentioned last Thursday that customer demand for AI chip orders continues to exceed the company's supply capacity, with new orders pouring in almost weekly, if not daily.In the past week, storage chip stocks faced sell-offs due to market concerns over supply surplus and weak demand. A well-known media outlet in South Korea published a column last week, citing two experts who predicted that by 2029, there will be a significant increase in semiconductor supply, and the storage chip market may turn into a red ocean. On Thursday, the Nasdaq Composite Index closed down 2.6%, at 26008.86 points; SanDisk fell 8.51%, SK Hynix fell 8.07%, Seagate Technology fell 7.86%, Western Digital fell 6.43%, and Micron Technology fell 6.23%.

According to Gate market data, the Dow Jones Index closed up 11.59 points on October 22, with an increase of 0.02%, reporting at 52,867.68 points; the S&P 500 Index fell by 93.82 points, with a decrease of 1.21%, reporting at 7,663.35 points; the Nasdaq Composite Index fell by 694 points, with a decrease of 2.6%, reporting at 26,008.86 points.

J.P. Morgan's latest report states that publicly listed technology companies worldwide are expected to generate approximately $2.2 trillion in operating cash flow this year, with capital expenditures and R&D expenditures totaling about $1.8 trillion. After deductions, there remains a surplus of about $400 billion, sufficient to support current AI infrastructure investments without relying on external financing.In response to market concerns regarding the sustainability of financing models for new cloud vendors, J.P. Morgan believes that their scale is still relatively limited compared to the entire technology sector. Even if financing comes under pressure, it is unlikely to shake the overall AI investment cycle. The report estimates that new cloud vendors will have operating cash flow of about $30 billion this year, with capital expenditures and R&D expenditures around $80 billion. If there is a funding gap, more financially robust hyperscale cloud service providers can still take on the related demand.J.P. Morgan also pointed out that part of the current financing demand in the technology sector stems from large-scale stock buybacks. Companies can release funds by reducing buybacks to maintain AI investments. The overall stock position in the market has retreated from the mid-September peak, and trend-following investors' long positions in semiconductors have also been largely digested. The bank believes that the short-term downward space in the market is gradually narrowing.

According to TechCrunch, the AI laboratory Flapping Airplanes, established for about a year, announced the completion of a $1 billion Series A funding round, co-led by Index Ventures and Lux Capital, with participation from Sequoia Capital, GV, and others, increasing its valuation to $45 billion, three times higher than the $15 billion valuation nine months ago.The company is dedicated to improving the data efficiency of AI model training and developing a GPU framework that can simultaneously perform tasks such as training and inference to reduce the costs of AI development and operation.

The Nasdaq-listed company SharpLink (SBET) announced that it has cumulatively deployed $400 million in ETH to the liquidity staking protocols Ether.fi and Lido. The company stated that both funds have been actively invested, aiming to enhance the yield efficiency of its ETH treasury.According to the plan announced in August, SharpLink intends to stake $200 million in ETH through Lido and obtain wstETH, with the related assets being custodied by Anchorage Digital. The other portion of the funds will be deployed through Ether.fi to the Linea network under Consensys, and jointly participate in re-staking with EigenCloud to obtain DeFi yields and incentives.SharpLink is one of the largest enterprise-level ETH holders globally, advocating for Ethereum ecosystem applications for a long time. This deployment continues its existing staking and re-staking strategy, further allocating treasury assets to institutional-grade DeFi products.

According to GMGN data, the market value of Surplus on Base briefly reached 18.21 million USD, setting a historical high, with a 24H increase of over 61%. The current market value is reported at 18.17 million USD.It is reported that Surplus Intelligence is positioned as a free market for AI reasoning on the Base chain, aiming to convert idle computing power into revenue. The price of meme coins is highly volatile, and investors are advised to participate with caution.

According to Gate's market data, global technology hardware stocks continue to decline due to expectations of interest rate hikes by the Federal Reserve and difficulties in AI financing. South Korea's Samsung Electronics fell over 7%, SK Hynix dropped more than 8%, dragging the KOSPI index down by more than 6% at one point. The Nikkei 225 index fell over 3% during the session. Despite strong earnings reports from Samsung and ASML, investor confidence remains under pressure.CoreWeave's stock price plummeted, and bond prices reflect financial distress. The U.S. CPI in September reached a 5-month high, intensifying expectations for interest rate hikes.

According to Gate market data, the New York silver futures fell 5% intraday, currently reported at 56.54 USD/ounce.

On-chain detective ZachXBT responded to the XRP Ledger Foundation regarding security fixes, stating that the foundation's treasury holds billions of dollars but only paid $250,000 to the white hat hacker who discovered the serious vulnerability of "infinite XRP issuance." He claimed that this would encourage attackers to choose not to report vulnerabilities in good faith but instead exploit them to steal hundreds of millions of dollars.ZachXBT also stated that because of this, it is difficult for people to view the XRP Ledger or Ripple as legitimate institutions. Previously, the XRP Ledger Foundation clarified that the relevant vulnerability did not lead to the issuance of additional XRP, and the patch was driven by community consensus.

According to research data from CoinDesk, the market capitalization of Ripple's USD stablecoin RLUSD reached $2.37 billion in September 2026.Data shows that in June of this year, the supply of RLUSD on the XRP Ledger (XRPL) network surpassed that on Ethereum for the first time, accounting for 52% of the total supply, while Ethereum's network accounted for 48%. This change indicates that the liquidity of RLUSD is increasingly shifting towards Ripple's native settlement infrastructure, XRPL.

Wall Street IPO activity has slowed, with investors showing weak demand for new stock issuances, and the market is concerned about overvaluation. The delayed listings of Anthropic and OpenAI have dampened sentiment in the U.S. equity capital markets.Data from BCA Research shows that the average stock price of technology companies that went public this year has dropped by about 23%, exacerbating concerns about high trading valuations.

Ripple and the XRP Ledger Foundation have jointly established a new organization, XRP Asia, headquartered in Singapore, focusing on ecological development in the Asia-Pacific region. The organization is led by Sabrina Tachdjian, who previously managed the Asia-Pacific and fintech and payment operations at the Hedera Foundation and oversaw blockchain investments at LINE.XRP Asia will provide learning resources, system integrator collaboration programs, hackathons, office hours, and product implementation guidance for developers and startups. Market expansion support includes partner referrals, incubation and funding project connections, founder story dissemination, and introductions to relevant investors.The organization will rely on the existing communities of XRPL Korea and XRPL Japan and assist in establishing new communities in major cities and development hubs across Asia. Officials stated that Asia has long been an important region for the XRP Ledger, with an active digital asset market, developers, and the XRP community.

According to Gate market data, both WTI and Brent crude oil have risen, with intraday increases of over 2%, currently reported at $91.2 per barrel and $99.4 per barrel, respectively. Spot gold has dropped nearly $20 in the short term, currently reported at $4,155.83 per ounce.

According to monitoring by Lookonchain, SharpLink Gaming has once again staked 42,100 ETH, worth 113 million dollars. SharpLink Gaming currently holds 892,100 ETH, valued at 2.4 billion dollars, and has received 27,900 ETH in staking rewards, worth 75 million dollars.

SharpLink CEO Joseph Chalom stated that as AI agents integrate with stablecoins, tokenization of real-world assets, and DeFi, the global financial services industry will face a revenue redistribution of over $1 trillion annually by 2030, potentially reaching $4 trillion by 2035.Chalom indicated that AI agents will become the automation layer of the new financial system, capable of continuously managing investors' financial activities, including finding lower banking, trading, and borrowing costs, optimizing savings returns, constructing portfolios, dynamic rebalancing, and managing loans and credit card debt. He anticipates that by 2030, AI agents could save investors about $350 billion annually by reducing fees, with this figure increasing to $1.4 trillion by 2035, equivalent to eliminating nearly a quarter of the costs in the global financial industry.Stablecoins, tokenized real-world assets, and DeFi will provide AI agents with 24/7 programmable financial infrastructure, enabling agents to view asset ownership, prices, collateral requirements, and lending opportunities within the same blockchain environment, and autonomously complete asset transfers, collateralization, lending, and settlement. He also mentioned that financial institutions including Visa, Mastercard, Stripe, PayPal, Circle, Tether, Robinhood, Coinbase, Binance, as well as JPMorgan, Citigroup, and BlackRock are competing for the infrastructure and user entry points of the AI agent financial ecosystem. Whoever controls the infrastructure and agents may capture the value generated when agents trade on behalf of clients.Additionally, Chalom pointed out that the infrastructure such as the x402 machine-to-machine stablecoin payment standard launched by Coinbase and Ethereum's ERC-8004 agent identity protocol is forming a new open agent economy. More than 10,000 AI agents have completed registration within 10 weeks of the ERC-8004 going live.

The North Korean hacker group WaterPlum disguises itself as a cryptocurrency, AI, and NFT company recruiter, deploying malware disguised as programming tasks or video conference repair files to software developers and IT professionals.The organization has infected at least 30,000 devices in over 100 countries and extracted funds or account credentials from more than 7,000 cryptocurrency wallets between December 2025 and July 2026, stealing at least $10.7 million.

According to a joint alert issued by the Japanese National Police Agency, FBI, ASD/ACSC, BND, and BfV, the North Korean-backed cyber attack organization "WaterPlum" (also known as Contagious Interview) targets job seekers by disguising itself as an AI, cryptocurrency, and NFT company to post fake job listings. This lures job seekers into downloading NPM packages containing malware such as BeaverTail, InvisibleFerret, and OtterCookie, which then steal cryptocurrency wallet information and confidential data.As of July 2026, the organization has infected over 30,000 devices in more than 100 countries and regions worldwide, stealing information from over 7,000 cryptocurrency wallets, with the wallets under its control receiving at least approximately 1.7 billion yen (about 10.71 million USD) in cryptocurrency. The Japanese National Police Agency has discovered and dismantled a "notebook farm" established by local "supporters" for the first time in the country, where North Korean IT laborers remotely control PCs within the supporters' residences to conduct business, with the related amount involved reaching several hundred million yen.The police and FBI assess that WaterPlum and some North Korean IT laborers are under the unified command of the 313 Bureau of the Ministry of Military Industry of the Workers' Party of Korea, with the profits directly flowing into North Korea's national funding pool. The police remind IT technicians and corporate issuers to remain vigilant and avoid executing third-party code in unverified environments.

NVIDIA announced that the Perplexity local proxy platform has now been launched on personal computers equipped with Windows RTX graphics cards.

According to Gate market data, the three major U.S. stock indices experienced a short-term decline during the trading session, with the S&P 500 index falling by 0.8% to a session low, the Nasdaq dropping over 1% again, and the Dow Jones down by 0.4%.