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first_img Changxin and Yangtze Memory Technology validate quality with Apple and resell to North American cloud services

According to DIGITIMES, Changxin Memory and Yangtze Memory continue to expand, and recently Apple is actively seeking to introduce the two Chinese memory supply chains, drawing attention to their entry into Apple's supply system. Industry insiders reveal that the two manufacturers are actually using Apple to prove that the quality of Chinese DRAM and NAND Flash has reached international standards, while secretly expanding their cloud and enterprise market share through third-party assembly for export to North American neocloud operators.Changxin Memory's parent company, Changxin Technology, has completed fundraising of 29.5 billion yuan, while Yangtze Memory plans to raise about 33 billion yuan through an IPO for production line upgrades and R&D. Yangtze Memory has turned profitable in 2024, with a net profit attributable to the parent company reaching 33.379 billion yuan in the first quarter of 2026; its third-phase new factory will begin production ahead of schedule in the fourth quarter of 2026, with a total monthly production capacity of 100,000 wafers, of which about 20% will be trial-produced LPDDR, becoming its first DRAM base. The supply chain indicates that the two companies are expected to increase the self-sufficiency rate of domestic memory in China to over 50% by the end of 2027 to 2028.Yangtze Memory sells NAND to third-party module manufacturers and assembles them into enterprise-level SSDs to avoid location sensitivity; Changxin Memory has already obtained certifications from small and medium-sized cloud operators in the U.S., Canada, and other regions. U.S. private enterprises can, in principle, procure from the two companies, with the entity list primarily restricting their access to U.S. technology, but not completely prohibiting private procurement. Cloud operators also reduce compliance risks through methods such as renting computing power or holding assets through third parties. The industry believes that Apple's influence on supply and demand in the industry is declining, and the two companies have no intention of supplying Apple in large quantities or engaging in price competition, making it difficult to meet Apple's demand in the Chinese market in the short term.

The head of Zondacrypto faces fraud charges and seeks a reduced sentence in exchange for testimony

Przemysław Kral, the head of the Polish cryptocurrency exchange Zondacrypto, is reportedly facing criminal charges for involvement in a large-scale fraud and has begun cooperating with Polish prosecutors. According to Polish media Onet, Kral is seeking a reduced sentence in exchange for testimony, which may involve Zondacrypto's funding of right-wing political figures.Prosecutors estimate that Zondacrypto customers have lost at least 2.4 billion Polish złoty (approximately 650 million USD). Investigators claim that the exchange only used a portion of customer funds to purchase cryptocurrencies, while the remaining funds were transferred to private accounts controlled by Zondacrypto's management. Kral has remained silent on X since mid-April when he publicly disclosed that Zondacrypto could not access a cold wallet holding approximately 4,500 bitcoins. He denies misappropriating funds, stating that the private keys for the wallet were supposed to be handed over by Zonda's founder and former CEO Sylwester Suszek, who has been missing since 2022.Reports also state that Zondacrypto was a major sponsor of the Polish CPAC conference, which took place before the second round of the presidential election, ultimately won by Karol Nawrocki. The exchange spent 37 million złoty on advertising with the broadcasting station Telewizja Republika in the last year, while Kral's company also made payments to foundations associated with politicians Zbigniew Ziobro and Przemysław Wipler.

Shanghai issues a new industrialization plan, exploring innovative frameworks such as quantum artificial intelligence

Shanghai issued the "14th Five-Year Plan for Accelerating the Advancement of New Industrialization and Building a Modern Industrial System." The plan proposes to comprehensively enhance intelligent computing capabilities, tackle high-performance, low-power, and high-efficiency intelligent computing chips, improve cluster networking and cloud service capabilities, and explore innovative architectures such as heterogeneous computing, optical computing, and quantum artificial intelligence; optimize intelligent computing infrastructure and build an urban computing power network.The plan clearly states the continuous effort on large models, focusing on the research and development of the next generation of large models, overcoming key technologies such as architecture design and training optimization, promoting the coordinated development of chips, large models, and intelligent computing clouds, and building an independent ecosystem. It further promotes the "Model Power Gathering in Shanghai" initiative, accelerates the maturation of embodied intelligence technology, strengthens the autonomous full industrial chain layout of intelligent robots, enhances performance in key areas, and promotes real-world applications in key fields such as industrial manufacturing, logistics assembly, commercial retail, medical care, and housekeeping services. Among them, Jing'an District focuses on developing leading industry characteristic tracks such as ultra-high-definition audio-visual, data intelligence (data corpus and AI applications, blockchain), and beauty and health.

BlackRock raised nearly $1.2 billion in crypto assets in two days, and Nomura's Laser Digital received the first new exchange license in Japan in four years

According to BBX data, last weekend, global asset management giants, traditional financial groups, and listed treasury departments disclosed the latest official updates on cryptocurrency asset allocation, licensing access, and merger adjustments. The core information is as follows:BlackRock ETF increased its holdings of BTC and ETH by over $1.1 billion in two days: On-chain data tracking shows that the world's largest asset management giant BlackRock's ETF address has continuously accumulated large amounts over the past two days, purchasing a total of 11,098 Bitcoins (worth approximately $852 million) and 132,769 Ethereum (worth approximately $316 million), with the total net purchase amount of these two core cryptocurrency assets exceeding $1.168 billion in a single day.Nomura's Laser Digital Japan approved for cryptocurrency trading license in Japan: Laser Digital Japan, the digital asset subsidiary of Japan's top financial group Nomura Holdings, has officially completed the registration procedures for cryptocurrency trading operators, with registration number Kanto Financial Bureau No. 00032. This is the first new exchange to successfully obtain this registration in Japan since 2022, nearly four years ago. The cryptocurrencies supported for trading on the platform initially include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), and SHIB, totaling six assets.Adam Back's BSTR terminates business merger agreement with Cantor: BSTR Holdings, the Bitcoin treasury company founded by Adam Back, announced that it has amicably agreed with Cantor Equity Partners I (NASDAQ: $CEPO) to officially terminate the SPAC business merger agreement signed on July 16, 2025. BSTR's official statement pointed out that Bitcoin and publicly listed Bitcoin treasury tools currently face significant market pricing pressure, and macro misalignment has limited the effective implementation of leveraged strategy tools such as convertible bonds and perpetual preferred stocks; however, the company firmly believes that as the market stabilizes, opportunities for Bitcoin treasury allocation and leveraged investments in the public capital market will re-emerge.
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