Industry insiders: South Korean memory chip makers have gained greater negotiating leverage in HBM deals following Jensen Huang’s departure.

JPMorgan’s latest 13F filing shows that as of September 30, it held 848,900 common shares of Strategy, with a market value of approximately $131.3 million calculated at the end-of-quarter price. Compared to the 624,400 shares held at the end of the second quarter, the share count increased by 224,500, a rise of around 36%. During the same period, the firm held 11,408,900 shares of BlackRock’s Bitcoin ETF (IBIT), with a market value of about $540 million, up approximately 9.6% from the 10,407,600 shares held at the end of Q2. The same filing also lists 1,581,800 common shares of Coinbase, valued at around $301 million, as well as stakes in Robinhood and listed Bitcoin mining companies including Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark. The filing further shows JPMorgan holds a large number of Strategy put and call options: the put options correspond to around 1,148,500 shares with a notional value of approximately $178 million, while the call options correspond to around 349,500 shares with a notional value of $54.06 million.

JPMorgan Chase’s latest 13F filing shows that as of September 30, it held 848,900 common shares of Strategy, with a market value of roughly $131.3 million calculated at end-of-quarter prices. Compared to 624,400 shares held at the end of Q2, the holding volume rose by 224,500 shares, a 36% increase. In the same period, the firm held 11,408,900 shares of BlackRock’s Bitcoin ETF (IBIT), valued at approximately $540 million, up 9.6% from 10,407,600 shares at the end of Q2. The same filing also lists 1,581,800 common shares of Coinbase, worth around $301 million, plus holdings in publicly traded bitcoin miners including Robinhood, Core Scientific, MARA Holdings, Riot Platforms, Hut 8, and CleanSpark. The filing further reveals JPMorgan holds a large position in Strategy put and call options: the put options correspond to roughly 1,148,500 shares with a notional value of $178 million, while the call options cover about 349,500 shares with a notional value of $54.06 million.

Beating AI News Brief: Tencent’s Hunyuan has launched a new real-time speech model named Hy Realtime, adding online search capabilities for singing and voice conversations. The model has been integrated into Yuanbao Voice Call and Tencent Customer Service. Users can use voice commands to search for the latest information, or request songs by singer, genre, language, and release year. For example, asking it to sing an English folk song released between 2010 and 2020 will prompt the model to select and perform the song based on context. The singing feature is co-developed by Hunyuan and Tencent Music (TME)’s Lingyin AI team. The new model also addresses a key pain point of speech AIs: the so-called "intelligence drop" when speaking. Knowledge and reasoning capabilities originally held by text large language models (LLMs) may be lost when adapted to speech dialogue models. Tencent redesigned its training data production process, stating that the effective retention rate of high-quality text data migrating to speech tasks has risen from 21% to 69% — roughly 3.3 times the previous level. Hy Realtime also enhances understanding of real colloquial speech. When users mumble, speak half-sentences, or change their request mid-sentence, the model can infer intent based on context. When generating responses, it simultaneously organizes text and synthesizes speech, cutting down wait times. Currently, users can experience the model by selecting the "Chuyu" voice tone in the voice call feature of the latest Yuanbao App. Tencent Cloud’s API is set to open soon, with duplex interaction and long-term personalized memory planned as future upgrade directions.

According to EmberCN’s monitoring, F2Pool co-founder Wang Chun sold 7,740.2 ETH at a price of $2,390 per unit 8 days ago, totaling $18.5 million. In the past two days, he repurchased 10,992 ETH at a lower price of $1,989 each, amounting to $21.87 million.

EQX Labs has acquired the Hyperliquid spot trading code EQANT for 500 HYPE, valued at approximately $35,774. The full name of EQANT is "EQX Tokenized ANT", with the deployer marked as eqx, and "ANT" corresponds to the planned ticker for artificial intelligence company Anthropic’s initial public offering.

According to data from the BIT Stock Platform, ahead of U.S. stock pre-market trading, the three major U.S. index futures were mixed: Dow Jones futures rose 0.03%, S&P 500 futures fell 0.04%, Nasdaq futures dropped 0.28%, and Nvidia gained 1.31%. Cerebras (CBRS) surged 18.19% after its Q3 revenue beat expectations, its cloud business jumped 272%, and the company raised its full-year guidance. Most semiconductor and storage sector stocks were lower pre-market: Seagate Technology (STX) fell 1.68%, Western Digital (WDC) dropped 1.25%, SanDisk (SNDK) declined 1.01%, Micron Technology (MU) fell 0.72%, Nvidia (NVDA) rose 1.31%, Intel (INTC) dropped 0.47%, and Advanced Micro Devices (AMD) fell 2.23%. Crypto-themed stocks were broadly weaker pre-market: Strategy (MSTR) fell 2.53%, Coinbase (COIN) dropped 2.79%, Circle (CRCL) declined 2.37%, BitMine (BMNR) fell 3.47%, and SharpLink (SBET) was down 2.77%. The optical communication sector saw widespread minor pre-market declines: FOTO fell 0.91%, Marvell Technology (MRVL) dropped 0.33%, Applied Optoelectronics (AAOI) declined 0.76%, Lumentum (LITE) fell 1.39%, Coherent (COHR) dropped 1.74%, Ciena (CIEN) was down 1.16%, Fabrinet (FN) fell 1.01%, and AXT (AXTI) declined 0.32%.