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Gate held a VIP exclusive reception for the F1 Singapore Grand Prix, witnessing Verstappen's pole position victory alongside guests

From October 9 to 11, Gate, as the official sponsor and long-term partner of the F1 Red Bull Racing Team, hosted a VIP exclusive hospitality event during the 2026 F1 Singapore Grand Prix, inviting dozens of global VIP clients, core partners, and special guests to experience the unique charm of top-level motorsport. During the event, Red Bull Racing driver Max Verstappen started from pole position and ultimately won the race, achieving Pole to Win, while invited guests witnessed this exciting moment and shared in the joy of victory.This VIP hospitality event combined race viewing, premium reception, and exclusive brand experiences, providing invited guests with F1 Paddock Club luxury box viewing and brand interaction experiences. The Gate brand logo appeared in several key locations, including the rear wing, front wing, driver helmets, and race suits of the Red Bull Racing cars, showcasing the depth of the collaboration between the two parties. Previously, Gate had invited Red Bull Racing drivers Max Verstappen and Isack Hadjar to participate in a driver meet-and-greet and exclusive handprint ceremony during the TOKEN2049 event in Singapore, and hosted VIP private events to further enrich the forms of collaboration.From the TOKEN2049 international industry event to the F1 Singapore Grand Prix, Gate deeply integrates global top-tier event resources with high-end customer experiences, deepening its strategic cooperation and global partnership with the Red Bull Racing Team, expanding brand international influence, and promoting the integration of Web3 with mainstream culture.

Evernorth completed the SPAC merger and listed 473 million XRP on Nasdaq, while Bitdeer maintains zero holdings with a weekly production of 300 BTC

According to BBX data, last weekend, global U.S. stock-listed treasury and mining companies released their latest accounts regarding asset reserves, reverse mergers, and liquidity management. The core updates are as follows:Evernorth completed its SPAC merger holding 473 million XRP, scheduled to debut on Nasdaq under the code "XRPN" on October 12: The treasury company Evernorth Holdings officially announced the completion of its business combination with the special purpose acquisition company Armada Acquisition Corp. II. At the time of the transaction's closing, the company’s treasury held approximately 473 million XRP and successfully raised about $300 million in total cash proceeds (before transaction costs). The newly merged company's common stock is expected to officially trade on Nasdaq starting October 12, with the ticker symbol "XRPN".Bitdeer (NASDAQ: $BTDR) disclosed the latest weekly mining data, producing 300.6 BTC and fully liquidating: Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week ending October 9, its self-operated Bitcoin mining output was 300.6 BTC, and during the same period, it fully sold 300.6 BTC in the secondary market, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sales, currently maintaining a zero Bitcoin holding.

first_img Moonshot executives plan to settle shareholder disputes before the IPO in Hong Kong

According to Reuters, citing informed sources, executives from the Chinese artificial intelligence company Moonshot are negotiating a settlement with a shareholder over a legal dispute ahead of their planned IPO in Hong Kong. The shareholder is seeking compensation for alleged misconduct, and the negotiations have not been previously reported; it is currently unclear whether a settlement is imminent.Recurrent.ai and some of its investors accused Moonshot in a letter to investors' lawyers dated March 11, 2026, that CEO Yang Zhiling and CTO Zhang Yutao made false statements to Recurrent investors and profited at Recurrent's expense. Company records show that the two co-founded Recurrent.ai in 2016 and established Moonshot in 2023, and they remain directors of Recurrent Holdings; the dispute has been in arbitration in Hong Kong since 2024. The letter also stated that key model data servers had been transferred, other data had been deleted, and the two established Moonshot without board authorization. Reuters stated it could not independently verify the allegations.Informed sources said that Recurrent received 9.5% of the original shares when Moonshot was established and is now seeking compensation equivalent to 10.5% of the original shares; based on a valuation of $30 billion during the June financing, this portion could be worth over $700 million. Reuters reported in September that Moonshot had secretly submitted an IPO application in Hong Kong. One informed source stated that the dispute is not expected to jeopardize the listing, but if unresolved, it could lead to governance, equity, and disclosure issues. Yang Zhiling previously denied the allegations, and his lawyer stated that the case lacks legal and factual basis.

first_img Samsung and SK Hynix respond to HBM4E heat dissipation, AI intermediary layer may expand to 40 times

TrendForce reported on October 12, citing Chosun Biz, that as AI packaging accommodates more computing and storage chips, the intermediary layer connecting computing chips and HBM is expected to significantly increase in size, making next-generation HBM cooling more important. Samsung Electronics is preparing multiple technologies to address the cooling challenges of HBM4E, which is scheduled to begin mass production next year.Currently, the area of the AI intermediary layer is about 5.5 times the maximum exposure area of 858 square millimeters of an EUV lithography machine. Semiconductor equipment industry insiders expect that the intermediary layer carrying HBM could expand to 9 times, 12 times that area, and ultimately about 40 times. Reasons include limitations in process miniaturization and the popularity of chiplet-style 2.5D packaging, where multiple computing chiplets and HBM stacks are placed on the same intermediary layer, making it difficult for a single advanced process chip to meet AI computing power demands.Samsung is considering hybrid copper bonding and thermal path blocks. The former replaces the micro bumps between stacked DRAM chips with direct copper-to-copper connections, which can reduce inter-layer gaps, make the stack thinner, and improve heat dissipation, a technology Samsung showcased at NVIDIA GTC in March 2026. The thermal path block establishes a dedicated thermal path in the D2D PHY area responsible for high-speed transmission between HBM base chips and GPUs, which Samsung is validating with HBM4E and plans to implement in HBM5. According to ETNews, SK Hynix's iHBM places high thermal conductivity but electrically insulating cooling materials around the heat-concentrated D2D PHY, which is expected to reduce thermal resistance by about 30%.

first_img Grayscale Research Director: Cheaper Proxy AI Will Drive Up Computing Power Demand

Grayscale's Research Director Zach Pandl stated in his column The Stack on October 8 that the rising demand for AI is due to decreasing usage costs and technology's ability to perform tasks more autonomously, thereby increasing the demand for computing power and the physical infrastructure that supports AI. Lower costs can unleash more AI activities, and the low-cost competition of open-source weight models is driving down token prices, making cheaper intelligence economically viable for more applications and automated workflows.The article cites that Anthropic's latest Sonnet model claims to reduce the cost of each task by up to 30%; OpenAI's always-on agent dots, launched on September 29, can work towards user goals around the clock, potentially significantly increasing the demand for computing power. Pandl compares that chatbots primarily answer questions, while agents execute multi-step processes to achieve goals, with tasks like preparing for client meetings potentially consuming 5 to 50 times the tokens of a single chat interaction, and always-on agents may extend processing beyond a single conversation.Pandl cites Goldman Sachs' prediction that by 2030, token consumption could increase 24 times, primarily driven by agents; even with improved efficiency, if usage grows faster, the total demand for computing power may still rise. He points out that digital activities still rely on physical infrastructure that requires time to deliver, such as electricity, data centers, and GPUs, and cheaper AI can coexist with tight computing power supply, mentioning that CoreWeave recently signed new contracts at higher computing power prices. His conclusion is that cheaper intelligence and stronger agents may expand use cases and usage enough to offset efficiency gains, thereby supporting the demand for scarce computing power and benefiting its owners.

XRP Ledger Foundation: Confirmed that no new XRP has been created, critical vulnerability has been fixed

The XRP Ledger Foundation published a post on platform X to clarify the recent security vulnerability incident of the XRP Ledger, stating that the vulnerability could be used to bypass the limit of the total supply of XRP fixed at 100 billion coins, but it was fixed two weeks ago with version 3.4.1. After verification, no new XRP has been created, and the total amount of XRP currently circulating in the ledger is approximately 99.986 billion coins.The foundation stated that the vulnerability requires hundreds of deliberately constructed operations to trigger and that normal payment transactions are unlikely to be involved. In the future, they will strengthen formal verification, AI adversarial testing, security research collaboration, and vulnerability bounty programs with RippleX and the community. Regarding the repair process, the foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community coordinated efforts. Participants including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus to agree on a plan to directly release the repair program.In addition, version 3.4.1 was also adopted as the mandatory version for the network only after going through the normal amendment voting process and receiving over 80% support from validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism. Previously, J. Ayo Akinyele, the engineering lead at RippleX, also posted on platform X expressing high concern about the recently disclosed critical vulnerability issue in the XRP Ledger (XRPL) payment engine, which is a serious security issue that has existed in the codebase for over 10 years and theoretically could lead to XRP being over-created, breaking the fixed supply limit. However, the vulnerability was discovered by the security research organization Veria AI through Ripple's vulnerability bounty program before it could be exploited.
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