Driven by strong risk aversion, the Nikkei 225 index has dropped to a near three-month low.

According to South Korean media reports, Tesla and NVIDIA will invest 1.1 trillion won and 2.6 trillion won respectively, totaling around 3.7 trillion won (approximately $2.5 billion), to support Samsung Electro-Mechanics’ expansion of next-generation FC-BGA (Flip Chip Ball Grid Array) substrate production facilities. Samsung Electro-Mechanics will set up a dedicated production line at its Sejong plant for Tesla; the substrates manufactured will be used in AI chips for Tesla’s autonomous vehicles and its Optimus humanoid robot. The relevant long-term supply agreement spans five years, from 2029 to 2033. NVIDIA, meanwhile, plans to invest in the expansion of Samsung Electro-Mechanics’ Sejong and Busan plants to produce AI computing chips and data center network substrates. Samsung Electro-Mechanics targets completing factory construction by the end of 2027, launching mass production in the second half of 2028, and commencing supply to Tesla in 2029. FC-BGA is a critical packaging substrate for high-performance chips including AI accelerators, GPUs, and CPUs. As AI chip computing power rises, the supply of such substrates has emerged as a key bottleneck in the industry chain. The partnership is expected to help Samsung Electro-Mechanics scale its high-end substrate production capacity and secure long-term customer demand.

According to TradingBeats' monitoring, as international oil prices rebound, a Hyperliquid whale topping both WTI and Brent crude long positions has turned a nearly $50 million position from loss to profit, with an intraday unrealized profit improvement of around $1.27 million. The whale holds combined long positions of the two oils totaling approximately $49.97 million, with an unrealized profit of about $309,200. Around midnight today, the two positions had a combined unrealized loss of roughly $958,900; as oil prices recovered, the unrealized profit improved by around $1.2682 million. Breakdown of the long positions: WTI long positions amount to approximately $29.89 million at an average price of $98.9, generating an unrealized profit of about $145,400; Brent crude long positions stand at roughly $20.07 million at an average price of $106.6, yielding an unrealized profit of around $163,800. The account’s current equity is approximately $17.11 million, with a nominal contract exposure of roughly $49.97 million and an actual leverage ratio of about 2.92x.

Against the backdrop of rising Middle East tensions and mixed tech earnings results, global market risk sentiment has cooled. The Korea Composite Index fell over 4%, SK Hynix dropped more than 5%, and Samsung Electronics declined over 4%; the Nikkei 225 index fell around 2.65%, while the MSCI Asia Pacific index slipped 1.72%, hitting its lowest closing level since the end of July. In U.S. markets, Nasdaq futures fell 1.5% and S&P 500 futures declined 0.8%. In energy markets, Brent crude rose 2% to $111 per barrel. The U.S. State Department ordered non-emergency diplomatic personnel and their families at its Saudi Arabia embassy to evacuate, further stoking concerns over escalating Middle East tensions and disrupted oil supplies. Risk-off sentiment pushed U.S. Treasury prices higher: the 30-year Treasury yield fell 3 basis points to 5.38%, the U.S. dollar dropped 0.5% against the Japanese yen to 157.34. Precious metals also weakened: spot gold fell 1.04% to $4,097 per ounce, and spot silver declined 3.21%, briefly dipping below $56 per ounce. Bitcoin dropped over 2.7% on the day to around $82,200. In tech stocks, Tesla fell 3.3% in after-hours trading after cutting its capital expenditure forecast; Meta rose 2.14% in after-hours trading following an upward revision to its AI-related spending outlook; Lam Research dropped 7.21% in after-hours trading due to weaker-than-expected performance guidance. Market scrutiny of AI investment returns and commercialization prospects continues to intensify, as investors shift focus from capital expenditure size to evaluating actual performance and monetization capabilities.

US private nuclear fusion startup Marathon Fusion announced in a post early this morning that it has successfully achieved high-efficiency alchemy: converting mercury into real, stable gold. According to its video presentation, Marathon Fusion uses beam-driven fusion technology to transform mercury-198 into mercury-197, which decays into stable gold-197 after roughly 64 hours; the process also breeds tritium and generates electricity. Lab simulations indicate that each GWth can produce over 2 tons of gold annually, potentially doubling the economic value of power plants. Market analysts pointed out that the technology remains in the small-scale laboratory demonstration phase, with output far from commercial levels, so it has almost no material impact on gold in the short term. However, if the technology matures and is commercialized in the future, it theoretically has the potential to disrupt gold market fundamentals. Public information shows that Marathon Fusion is a San Francisco-based private nuclear fusion startup founded in 2023, focusing on full-stack nuclear fusion research and dedicated to solving the fuel cycle challenges of fusion reactors.

Renaiss Earn is a staking yield product launched by Renaiss, a physical collectibles tokenization protocol built on BNB Chain. After physical collectible cards are authenticated, custodied, and tokenized, holders can deposit the on-chain assets corresponding to eligible cards into staking pools to earn USDT yields per relevant rules, generating returns during their holding period without selling the cards. According to Renaiss, the first-phase staking pool was fully subscribed just 30 minutes after launch. All four current staking pools are now fully subscribed, with a total of 1,593 collectible cards staked, valued at over $200,000. The four staking pools all offer an annual percentage yield (APY) of 48% with a 60-day lock-up period. As a tokenization infrastructure for physical collectibles, Renaiss converts physical collectibles into programmable on-chain assets via authentication, custody, and tokenization, providing foundational support for the collectibles market in asset onboarding, circulation, and integration with financial applications. Building on this, Renaiss has developed features including trading, verifiable draws, and staking yields, expanding the on-chain use cases of physical collectibles.

According to TradingBeats monitoring, a large whale wallet starting with 0x469e completed a major position adjustment this morning: it liquidated 250 BTC long positions, actually selling around $21.15 million; meanwhile, it added 5,219.54 ETH long positions, with total transaction value of about $13.06 million. The average closing price of BTC was approximately $84,599.81, generating a profit of around $568,000; the average entry price for the ETH additions was about $2,502.17. Its ETH long positions increased from 10,000 to around 15,200, a rise of approximately 52.2%. Currently, the position value stands at around $37.075 million, with an average price of $2,601.72, still showing an unrealized loss of about $2.522 million. It is reported that ETH has not yet outperformed BTC; the spot ETH/BTC exchange rate is now around 0.02946, down about 8.28% since the start of this month, and has fallen by around 0.64% since October 15. Although there has been a recent recovery from lows, a sustained uptrend has not yet formed.