Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

According to data from the BIT Stock Platform, the three major U.S. stock index futures extended their gains. The Nasdaq 100 futures rose more than 1% at one point, the S&P 500 futures gained 0.52%, and the Dow Jones futures rose 0.39%.

Update: Over the past 5 hours, this whale has spent $62.97M to buy 27,553 $ETH at an average price of $2,286.

The Bank of Japan (BOJ) stated in the full version of its quarterly outlook report released on Monday that Japan’s real interest rates have risen recently, particularly long-term and ultra-long-term rates. The report notes that when assessing the country’s domestic financial environment, the BOJ will examine a range of data and survey results instead of relying solely on a single indicator.

Initia’s official announcement states that its L1 and Rollups are now online and operational again. Support for AUSD0, USDC.n, and WETH has been fully restored; bridge and trading platforms are expected to resume transfers later today. For security reasons, withdrawals of WETH and AUSD0 via LayerZero OFTs will be subject to a 24-hour waiting period, while Noble USDC withdrawals will have an hourly limit. Initia added that a full post-incident analysis report on the security incident and its response measures is expected to be released later this week.

Whale address starting with 0x0242 today covered around $7.215 million in short positions of SK Hynix’s South Korean stock contract (ticker: SKHX), cutting its short position size by about 35% and logging a loss of roughly $92,100. The whale also added approximately $1.15 million in long positions of SK Hynix’s ADR contract (ticker: SKHY). Currently, the account holds ~$13.8 million in SKHX shorts and ~$5.91 million in SKHY longs, with a total unrealized loss of around $518,000. This adjustment reduced its South Korean stock short exposure, boosted its ADR long allocation, and maintained its spread trading structure of “short South Korean stocks, long ADRs”. Over the past month, the relative prices of the two contracts show that SKHY’s on-chain premium over SKHX expanded from ~40.71% on October 2 to ~51.05% on October 20, before falling back to ~42.34% currently, narrowing by ~8.71 percentage points from its recent peak. Among on-chain accounts with the same trading logic, the 0x7fda address is the largest, with a total position of ~$22.47 million across both legs and an unrealized loss of ~$780,000. Its SKHY ADR longs stand at ~$19.84 million, which is also higher than its $2.63 million SKHX South Korean stock short, leaving it with large ADR directional exposure.

Beating AI News Flash: A post on Shen Ma’s WeChat Moments reveals that Pang Tianyu, Chief Research Scientist of Tencent’s Hunyuan and Head of Multimodal Reinforcement Learning Technology, has left his role and is likely to launch a startup next. Pang, a Tsinghua University Computer Science PhD advised by Professor Zhu Jun, previously served as Senior Research Scientist at Singapore’s Sea AI Lab. He led multimodal reinforcement learning research at Hunyuan, covering areas including image generation and vision-language models. In June, Tencent open-sourced the multimodal reinforcement learning framework UniRL, with Pang listed as a contributing author; the framework was updated to v0.2.0 in October. In July, Tencent merged Hunyuan’s Large Language Model Division and Multimodal Model Division to form the Basic Model Division, overseen by Yao Shunyu. That same month, Hu Han, Head of Hunyuan Multimodal Understanding, left to start a business. In September, former OpenAI researcher Tian Yonglong took over as Head of Hunyuan Multimodal.