hang

According to Gate market data, the Hong Kong stock market closed, with the Hang Seng Index down 1.27% and the Tech Index down 2.04%. Zhipu (02513.HK) fell over 10%, MiniMax (00100.HK) fell over 8%, and ZhiDa Technology (02650.HK) rose over 107%.

The Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under the Regulation 48.1 framework to open its Bitcoin and Ethereum perpetual contracts to U.S. institutional investors. KC Lam, Head of Crypto Derivatives at SGX Group, stated that previously U.S. participants were unable to trade these contracts, but they are now permitted direct access to its trading system.Since its launch at the end of November 2025, SGX's crypto perpetual contracts have accumulated a trading volume of $5.8 billion (approximately 400,000 lots), with an average daily trading volume of 1,300 lots ($19 million) as of August. Bitcoin accounts for 66% of open contracts and 83% of average daily trading volume, with a single-day peak trading volume of 11,500 lots (notional value of $145 million). Lam indicated that as the FIS backend integration is fully ready, they will assist U.S. clearing members in onboarding clients in the next month or two.Unlike crypto-native platforms, SGX's perpetual contracts have no expiration date but employ a margin call and collateral top-up mechanism instead of automatic liquidation, separating trading and clearing based on traditional futures market infrastructure. Stablecoins are not accepted as collateral, and the contract benchmark index is jointly developed by SGX and CoinDesk Indices. SGX's next step is to launch Bitcoin and Ethereum futures and options.

According to the official announcement from Zhipu, the "Citywide Coding Program" launched on September 10, providing coding package subsidies for employees in Hangzhou, students from universities in Hangzhou, and companies in Shangcheng District.The subsidy for individual quarterly and annual cards is 44% and 51%, respectively, while the subsidy for corporate annual cards is 55% (with a maximum limit of 1 million yuan per company). Each individual is limited to one use, and must choose between a quarterly or annual card, with a requirement to submit proof of social insurance participation or a student status verification report for application.

According to Gate market data, the Hong Kong stock index fell 1.29% in the morning session, the technology index fell 2.07%, and the total market turnover was 105.86 billion Hong Kong dollars. Sectors such as application software and power equipment experienced fluctuations and corrections, while printing and packaging, as well as storage concepts, led the gains.In terms of individual stocks, Zhihu fell nearly 8%, MiniMax fell nearly 7%, NIO fell nearly 5%, and both Alibaba and Meituan fell over 3%; China Unicom rose over 2.5%, while China Life and Hua Hong Semiconductor rose 2%.

According to Gate market data, the Hong Kong stock market opened with the Hang Seng Index down 1.15% and the Tech Index down 1.39%. NIO Inc. fell over 4%, while Alibaba, Zijin Mining, Weichai Power, and Trip.com Group all fell by 2%.

Former Magic Eden community data analysis contributor and founder of Magic Lab, Ben Gruenbaum, posted on X, accusing the NFT market Magic Eden of changing rewards, governance, products, and strategic direction after users locked up $ME for the long term. He stated that $ME has a fixed supply of 1 billion, of which 225 million are reserved for active user rewards over four years and are unlocked linearly, with the longest lock-up period being four years and no early withdrawal allowed. After distributing 10 million $ME in Season 1, an additional 2.3 million was added due to issues, and the rewards for Season 2 increased from 8 million to 10 million.The community fund was launched with 5 million $ME. The proposal supported by Magic Lab requested 295,000 $ME (approximately $177,000 at $0.60), but the budget shrank due to price declines. Users continued to lock up during the shutdown of the Bitcoin and EVM markets, as well as the Runes infrastructure and wallet, with rewards shifting to USDC. Magic Eden promised $75 million to Dicey, and some top stakers reported issues receiving USDC and have filed lawsuits. Gruenbaum stated that this is not a story about the token's decline, but rather about changes in ecosystem factors after users made long-term commitments.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $93,687.26 in a single buy on the "Federal Reserve's September decision" event, betting on "no change." Based on the current transaction price, the latest corresponding winning probability for this target is 46.52%.

The weekly change in ADP employment in the United States for the week ending August 22 was an increase of 12,000 people, compared to the previous value of 11,750 people.

CryptoQuant analyst Woominkyu pointed out that Bitcoin closed at $78,450 on September 8, continuing the rebound momentum from around $60,000 during the summer, while there was no simultaneous surge in large deposits at spot exchanges.Data shows that on September 8, the daily inflow of the top ten spot exchanges was 5,442 BTC, which is 4.4 times that of the previous day, but only 5.1% higher than the 30-day average. The seven-day average inflow was 4,678 BTC, lower than several peaks earlier this year. From a more macro perspective, the recent price rebound has not been accompanied by an abnormal increase in large deposit activity, providing limited evidence for assessing the ongoing selling pressure from large transfers.What needs to be focused on next is whether the seven-day average inflow will continue to rise while prices weaken. For now, the deposit rebound on September 8 seems more like a return to recent norms rather than an abnormal spike.

Pons founder and lead developer Ozzy responded on September 9, stating that modifying the tax rate after the token launch is not supported, and the claim that "Pons can adjust the tax rate after launch" is incorrect.Ozzy indicated that the initialized Uniswap V4 pool for Pons has a 0% tax rate and a 1% Hook fee, which is clearly disclosed in all transactions. Some terminals incorrectly routed buy and sell orders to high tax liquidity pools due to router configuration issues, including vampire pools created by malicious actors, resulting in abnormally high tax rates displayed, which is not a modification of the tax rate after Pons' launch.Ozzy has requested the relevant terminals to correct the erroneous routing and stated that if users see a tax rate higher than 1%, unless the deployer set a higher tax rate at launch, it is likely routed to the wrong pool.

The official account of Solana announced that the Solana Accelerate China four-city tour will be held from October 16 to 22 in Shanghai, Hangzhou, Shenzhen, and Beijing. The event is aimed at developers, entrepreneurs, and investors, featuring discussions and demonstrations, with the theme of exploring new trends in technology between China and abroad.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index down 0.17% and the Tech Index down 0.76%. Youdi Robotics rose 153% on its first day of listing, Lenovo Group and Weichai Power rose over 6%, while Haidilao fell over 9%.

According to Gate market data, the Hong Kong stock market opened, with the Hang Seng Index rising 0.04% and the Tech Index rising 0.1%. Bilibili rose over 2.7%, Lenovo Group rose 1.88%, and Youdi Robotics surged over 142% on its first day of trading.

According to the Chosun Ilbo, China's largest DRAM manufacturer Changxin Memory Technologies (CXMT) has launched trial production of the fourth-generation high bandwidth memory HBM3, with initial yield stagnating at 25%, about one-third of the golden mass production yield of 80%. SK Hynix has been mass producing similar products since 2022, with a yield exceeding 90%.The front-end yield of Changxin Memory's HBM3 8-layer stacked products is about 30%, while the back-end yield is approximately 70%, resulting in final good products. The company supplies a small number of samples to Chinese companies such as Alibaba's Pingtouge and Cambricon, and continues to improve yields. Its G4 (17-nanometer) process ordinary DRAM has no major issues, but the DRAM chips used for HBM have larger areas and stricter electrical specifications.The industry attributes the reasons to the insufficient maturity of Through-Silicon Via (TSV) technology. Nomad Semi's analysis shows that Samsung's HBM2 has over 5,000 TSVs per chip, SK Hynix's HBM3 has over 8,000, while Changxin Memory has about 3,000. There is a gap of 4 to 5 years compared to Samsung and SK Hynix.

According to Onchain Lens monitoring, Galaxy Digital transferred 95,270 HYPE to Bybit and OKX in the past four hours, worth approximately 8.11 million USD, indicating a possible intention to sell.Among them, 36,420 HYPE was transferred to Bybit, worth about 3.1 million USD; 58,850 HYPE was transferred to OKX, worth about 5.01 million USD.

According to CriptoNoticias, as the Central Bank of Brazil advances the authorization system for virtual asset service providers (PSAV), local cryptocurrency trading platforms are facing regulatory reshuffling. Digitra, Coinext, and Bitso have recently adjusted their business layouts in Brazil.Among them, Digitra has ceased trading services and decided not to apply for PSAV authorization, effectively exiting the Brazilian market; Coinext announced it would orderly close its cryptocurrency trading business due to not meeting the minimum capital requirement; Bitso has chosen to redirect its Brazilian individual retail customers to Mercado Bitcoin while retaining its institutional business line.According to the regulations of the Central Bank of Brazil, existing platforms wishing to continue operating in compliance in Brazil after the deadline at the end of October must submit their PSAV authorization applications before then. This round of adjustments may indicate that the largest cryptocurrency market in Latin America is accelerating into a deep phase of compliance reshuffling.

According to the Financial Times, citing informed sources, Chinese memory chip manufacturers Changxin Storage and Yangtze Memory Technologies have purchased enough deep ultraviolet lithography machines (DUV) from ASML to meet their expansion plans for the next three years.

The storage module manufacturer Jiangbolong (301308.SZ) today listed on the main board of the Hong Kong Stock Exchange, with the stock code 09976.HK, at an offering price of 236 Hong Kong dollars per share, forming an A+H dual listing structure.The company globally offered 26.0778 million H shares, of which 2.6078 million shares were for public offering in Hong Kong and 23.47 million shares for international offering, with an over-allotment option. Each lot consists of 50 shares, with an entry fee of approximately 12,151.32 Hong Kong dollars. Based on the highest offering price of 240.60 Hong Kong dollars, the net fundraising amount is approximately 6.02 billion Hong Kong dollars.The prospectus disclosed that in the first half of 2026, Jiangbolong achieved revenue of 24.088 billion yuan, a year-on-year increase of 136.3%, with a gross profit margin rising from 11.0% in the same period last year to 58.2%. The profit for the period was 10.718 billion yuan, compared to 0.041 billion yuan in the same period last year.