TRON (TRX) — Onchain News & Whale Tracking

South Korea's KOSPI index opened higher, with SK Hynix and Samsung Electronics both rising more than 2%.

According to Bitget market data, South Korea’s KOSPI index opened higher today, climbing 96.45 points (1.74%) to 5650.67 points. Both SK Hynix and Samsung Electronics rose more than 2%.

Ansem: Firmly bullish on BTC’s strong rally, crypto-native community confidence is at its lowest level in nearly a decade.

Crypto trader Ansem posted a statement expressing high confidence that Bitcoin will see a sharp rally, noting that the crypto-native community’s current confidence in BTC is at its lowest point in roughly the past decade. He added that Bitcoin is one of the few assets unrelated to the complex AI investment theme, and also mentioned that governments will need to fund AI infrastructure development amid sticky inflation.

Neutron’s key component manufacturing has hit snags, its maiden launch delayed once again, sending RKLB shares plummeting nearly 15%

Rocket Lab announced it has pushed back the first launch of its Neutron medium reusable rocket from the fourth quarter of 2026 to 2027, primarily due to manufacturing issues with carbon fiber composite parts for the rocket’s first-stage propellant tank. The company still needs to carry out design optimization and adjust production processes. This is not the first technical setback Neutron has encountered: in January this year, the rocket’s first-stage tank ruptured during a pressure test, leading to extended subsequent manufacturing and verification work. The latest delay further pushes back Rocket Lab’s timeline to enter the medium launch vehicle market and compete with SpaceX for large satellite launch contracts, while also extending risks related to its R&D costs and commercial revenue realization cycle. Hit by the news, RKLB (Rocket Lab’s US stock) fell further in after-hours trading. Per TradingBeats monitoring, RKLB on Hyperliquid is currently trading at $54.53, down roughly 14.8% in 24 hours. A whale holding around 44,400 RKLB long positions was liquidated this morning, with a nominal transaction amount of about $2.49 million and a trading loss of approximately $740,000 (0x58f0). In an August 11 Bloomberg report, Rocket Lab had previously stated that its Neutron rocket project faced new delay risks, with the first launch possibly pushed to 2027. The company plans to deliver Neutron to the launch pad in the fourth quarter as scheduled, but has not confirmed the rocket will complete its first flight this year. Rocket Lab had originally targeted a first Neutron launch by the end of 2026. Earlier update: Rocket Lab warned of delay risks for Neutron’s first flight, potentially pushing it to 2027.

JPMorgan says the pullback in storage stocks presents a buying opportunity, naming Samsung Electronics and SK Hynix as core overweight targets.

JPMorgan’s Asia Pacific equity research team said South Korea’s third-quarter earnings season will launch the week of October 19, and the recent sharp pullback in memory chip stocks is creating a medium-term buying opportunity. The bank dubs the current phase the “expectation reset season” for memory stocks, noting a cognitive disconnect between market worries over AI spending sustainability and memory chip supply-demand fundamentals, with excessive sentiment offering a favorable risk-reward window to bet on a “longer, higher” upward cycle for the memory industry. JPMorgan data shows memory stocks have dropped ~6% and ~15% over the past month and three months respectively, while the Philadelphia Semiconductor Index gained ~10% and fell ~4% in the same periods. The bank’s core overweight picks for the next six months include Samsung Electronics, SK Hynix, Kioxia, Samsung Electro-Mechanics, ISU, and ISC, spanning memory chips and their supporting industrial chain. JPMorgan sees the October 19-starting earnings season as a key verification window, focusing on corporate earnings, memory spot prices, AI-related orders, and capex changes. If memory supply-demand continues to weaken, catalysts fail to materialize, or corporate earnings are broadly revised downward, the bank will reassess its above view.

SK Hynix and Samsung Electronics fell more than 6% in pre-market trading on South Korea's Nextrade.

According to market data, Samsung Electronics and SK Hynix fell more than 6% in pre-market trading on South Korea's Nextrade.

Dutch central bank approves Qivalis' electronic money institution license, bringing euro stablecoin issuance a step closer.

Qivalis, an alliance backed by 37 major European banks, has secured an electronic money institution (EMI) license from De Nederlandsche Bank (DNB, the Dutch central bank), bringing it closer to issuing euro-denominated electronic money tokens (EMT), a regulated stablecoin format. The firm still needs to fulfill remaining requirements under the EU’s Markets in Crypto-Assets (MiCA) regulation, including publishing a whitepaper, and plans to distribute the tokens via banks, crypto exchanges, and payment service providers over the coming months rather than directly to consumers. Under the EU MiCA framework, EMTs must be pegged to a single fiat currency, issued by authorized credit institutions or EMIs, redeemable at par at any time, and non-interest bearing. Since its launch in September 2025, the Qivalis alliance has expanded to include 37 European banks including BBVA, BNP Paribas, ING, and DZ Bank, and has selected Fireblocks to provide digital asset infrastructure.

Analyst at Tom Lee’s fund: Global stock markets will post strong performance from November through April next year, and the recent pullback is an excellent buying opportunity.

Mark Newton, an analyst at Tom Lee’s fund, said in an interview that global stock markets will consolidate in the short term before a stronger rally. Global equities will see robust performance from November to April, and a weaker U.S. dollar will also benefit emerging markets. Newton noted that “now is not the time to panic,” adding that the pullback between late October and November could create the best buying opportunity of this cycle.

South Korea’s semiconductor stock market has rebounded, with SK Hynix gaining 3.47% and Samsung Electronics rising 3.66%.

According to Bitget market data, South Korea’s semiconductor stock market is rebounding. The KOSPI Composite Index is currently up 1.52%, with SK Hynix rising 3.47% and Samsung Electronics gaining 3.66%. Prior to this, South Korea’s stock market had seen five consecutive trading days of sell-offs, with semiconductor stocks experiencing particularly sharp declines. Market concerns first stem from China’s growing competitiveness. ChangXin Memory Technologies recently disclosed that it has made key progress on a memory chip architecture that Samsung Electronics and SK Hynix are also developing. While this technological breakthrough is still far from translating into large-scale, commercial competitive production capacity, investors have begun reassessing how the catch-up of Chinese storage manufacturers will impact the future pricing power and valuation premiums of South Korea’s two leading chip firms. Marginal shifts in AI investment logic have also amplified the downturn. Broadcom CEO Hock Tan noted that demand for computing power infrastructure still exceeds the industry’s current supply, and the supply-demand gap may persist until 2029 or even 2030. As hardware bottlenecks such as chips, memory, and power gradually ease, access to capital could become the biggest constraint on AI expansion. Many AI investors do not clearly understand the business models they are betting on, yet set extreme expectations, ultimately making this round of investment "almost like being in a casino".

Li Yihua: Bitcoin has a strong support level at its 400-day moving average of $81,000, and the current pullback is a temporary correction within the ongoing uptrend.

Yilihua, founder of Liquid Capital, stated that Bitcoin has a strong support level at the 400-day moving average of $81,000, with quick rebounds every time it dips to test this level. Meanwhile, Bitcoin faces a 20-day moving average resistance at $84,000; a decisive breakout would lead to a retest of the key resistance at $86,500, the widely-watched $86,000 correction point. Bitcoin’s price movement is neither linear in rallies nor declines. From a long-term trend perspective, Bitcoin is currently in a bull market uptrend, and he is particularly optimistic about a super bull run for Bitcoin next year. The current dip is just a temporary pullback within the broader uptrend, which underpins the "bearish but not shorting" logic here.

Southern Fund’s twice-leveraged long Samsung Electronics product fell more than 16%, while SK Hynix’s leveraged product dropped over 18%.

According to Bitget market data, Nanfang’s 2x long Samsung Electronics (07747) is quoted at HKD 55.780, down 16.37%; Nanfang East Asia’s SK Hynix Daily 2x Leveraged Product (07709) is quoted at HKD 26.000, down 18.29%.

Analysis: Bitcoin buying demand remains strong. Last week, the market absorbed sell pressure of 220,000 BTC, with net outflows from centralized exchanges (CEX) hitting 3,863 BTC.

Crypto market analyst Axel Adler Jr noted in a post that last week, the market absorbed selling pressure of 220,374 Bitcoin (BTC). During the same period, the net BTC flow on exchanges stood at -3,863 BTC, meaning more Bitcoin flowed out of exchanges than into them. Despite the large scale of capital inflows, the market still showed a net outflow, reflecting relatively strong buying demand.

Bitcoin kicked off the week cautiously, weighed down by a stronger U.S. dollar and rising U.S. Treasury yields.

A stronger U.S. dollar and rising U.S. Treasury yields have kicked off the week with caution in markets. Bitcoin trades above $83,000, while gold hovers near $4,180 per ounce, both down roughly 0.5%. Tech stock futures are slightly lower, WTI crude oil rises above $92 per barrel, and the U.S. Dollar Index (DXY) holds above 102.4. U.S. inflation data, set to release this Wednesday, will be the market’s key focus. Markets expect U.S. core CPI to rise 2.5% year-over-year and headline CPI to rise 3.7% year-over-year. If the figures meet expectations, it would mark a reacceleration from last month, potentially further shaping market views on the Federal Reserve’s monetary policy. Separately, The Information reports that IREN, which has shifted from Bitcoin mining to AI infrastructure operations, has struck a multi-year cloud services deal with AI firm Anthropic. Following the announcement, IREN’s U.S. pre-market shares rose roughly 4%.

South Korean stocks open: SK Hynix drops 2.9%, Samsung Electronics falls 1.24%

According to Bitget market data, the KOSPI index has fallen 1.00% intra-day after South Korean stocks opened, with SK Hynix down 2.9% and Samsung Electronics down 1.24%.

Slow Mist's Cosine: Strongly related cases to the Ledger hardware implant incident involve the Flex model.

Cosine, founder of SlowMist, stated that among the closely related cases of the Ledger hardware implant attack his team is tracking, one involves the Ledger Flex model. The industry is widely aware of issues related to the Ledger Nano X, and it is speculated that Ledger’s mainstream product line may have been tampered with at its dealer CryptoBills (also referred to as CryptoBilis). Ledger has now confirmed that malicious hardware modules were implanted into devices at its authorized Southeast Asian dealer CryptoBilis, resulting in theft of numerous users’ assets. The company has ordered the dealer to suspend sales and advised affected users to transfer their assets promptly.

USDT supply on Tron surges 24.7% to $94.25B in past year

Over the past year, the $USDT supply on #Tron increased by 18.67B $USDT to 94.25B $USDT, up 24.7%.

Over the past year, the $USDT supply on #Tron increased by 18.67B $USDT to 94.25B $USDT, up 24.7%.

Over the past year, the $USDT supply on #Tron increased by 18.67B $USDT to 94.25B $USDT, up 24.7%.

A prominent trader notes that Bitcoin has a strong buy wall at the $80,000 level; if the current price can stabilize, it is worth going long.

Prominent trader Killa posted that buyers are absorbing selling pressure during the recent pullback, a pattern similar to that seen in a prior consolidation phase, with very little support below the current price level. Order book data shows strong buy-side accumulation at the just-over-$80,000 price level, where buyers hold firm, and this level itself is a key psychological threshold for Bitcoin. Killa noted that if Bitcoin’s weekly candlestick closes above the prior week’s low of $82,600 this week, it will serve as a bullish signal, likely marking a typical return to range after a stop-loss hunt. As a BTC-focused quantitative trader, Killa accurately predicted the peak of the current bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to a long position during the broad market selloff on June 5.

Lumentum: Strong demand for optoelectronic components will keep its production capacity fully booked through 2029.

As tech firms race to build faster AI data centers, Lumentum reports its optoelectronic components capacity is almost fully booked, a status set to persist until around 2029. Earlier this year, Nvidia invested $2 billion in Lumentum, which is a key supplier of advanced indium phosphide devices that power high-speed cloud computing and data transmission. Lumentum CEO Michael Hurlston said the firm will fail to meet roughly 70% of product demand next year, and still fall short of 30% of demand by 2028. Hurlston had previously indicated the company is on pace to sell out all its capacity by 2028. “We are pulling out all stops to expand capacity as fast as possible, but we still lag far behind our customers’ demand. Our capacity is already fully sold out, and there is no sign of this easing in the near term,” Hurlston noted.

Altcoins have fallen sharply, with previously strong cryptocurrencies also weakening simultaneously.

According to HTX market data, as Bitcoin weakens, altcoins in the crypto market have also seen sharp synchronized declines. Among them: ORCA is down 17.75% in 24 hours, currently trading at $2.358; MINA is down 16.27% in 24 hours, currently at $0.0777; NEAR is down 15.88% in 24 hours, currently at $4.517; ZEC is down 10.46% in 24 hours, currently at $1194; PUMP is down 9.54% in 24 hours, currently at $0.005635.

Some altcoins continued their strong rally, with MET surging over 60% in a single day.

According to HTX market data, as Bitcoin and the broader crypto market pull back, some altcoins continue their strong rally. Key 24-hour performance and current prices: MET (Meteora) up 60% to $0.5; W (Wormhole) up 17.8% to $0.0163; ALGO (Algorand) up 16.6% to $0.1377; JUP (Jupiter) up 16% to $0.379; RAY (Raydium) up 13.3% to $2.46; STRK (Starknet) up 12.3% to $0.056; CRV (Curve) up 10.9% to $0.388.

Samsung Electronics releases preliminary Q3 results: operating profit slightly exceeds expectations.

Samsung Electronics released its preliminary third-quarter results, reporting an operating profit of 107.4 trillion won, beating the market expectation of 106.1 trillion won. Its third-quarter revenue came in at 195 trillion won, falling short of the market forecast of 199 trillion won.

Japanese and South Korean stock markets opened lower, with SK Hynix down 2% and Samsung Electronics down 1%.

According to Bitget market data, Japanese and South Korean stock markets opened lower: The Nikkei 225 index opened down 36.29 points, a 0.05% drop, to 70647.69 points. South Korea’s KOSPI index opened down 79.83 points, a 1.15% fall, to 6861.56 points, with SK Hynix down 2% and Samsung Electronics down 1%.

Trump: The U.S. dollar is very strong and will not cause inflation.

U.S. President Donald Trump said he believes the Republican Party will perform well in the midterm elections, adding that his campaign rallies "really turned the tide". On the U.S. dollar, Trump stated "our dollar is very strong", while noting that a strong dollar can absolutely slow economic growth, but emphasized that a strong dollar does not cause inflation. Additionally, Trump said oil prices will drop after the war ends, noting that oil is still being transported through the Strait of Hormuz, and he reiterated that Iran’s current economic situation is "very bad".

Mistral Large 4 Launched: 1.05 Trillion Parameters, Claims to Be Europe and the U.S.’s Strongest Open-Source Model

Beating AI News: French AI firm Mistral has launched its new flagship model, Mistral Large 4, internally codenamed "Le Chonk". It adopts a Mixture of Experts (MoE) architecture, with a total of 1.05 trillion parameters, though only 49 billion are activated per inference. The model natively supports text and image input, and offers a maximum context length of 1 million tokens. Its API is now available for preview, while the model weights are scheduled to be released publicly on October 27. Mistral claims Large 4 is currently the highest-performing open-weight model developed in the U.S. and Europe. Its official DeepSWE v1.1 software engineering benchmark score stands at 62%, compared to GLM-5.3 (61%), DeepSeek V4 Pro (57%), and Qwen 3.8 Max (51%). For financial benchmarks, Finch scores 67%, on par with DeepSeek V4 Pro; satellite image target localization task DIOR-RSVG scores 73%, higher than GPT-6 Astra's 68%. However, these results are primarily from Mistral's self-testing, not based on a unified standardized testing framework. When Zhipu AI launched GLM-5.3, it announced a score of 66.9% on the same DeepSWE v1.1 benchmark, while Kimi K3 reached 67.5% – both outperforming Large 4's 62%. The gap may stem from different testing configurations and execution methods used by various teams. Large 4 is trained from scratch: Mistral used around 4,000 Nvidia Grace Blackwell GPUs in its own European data centers over approximately two months. Mistral also positions "European autonomy" as a key selling point, noting that the model – from training and API services to future independent deployment – can all be hosted on European infrastructure.

Binance Research: Bitcoin has confirmed a "golden cross", which may signal a strong market recovery.

Binance Research released its October market report, noting that despite the U.S. Federal Reserve’s first interest rate hike since 2023 and the failure of the CLARITY Act, the total cryptocurrency market capitalization rose 11% in September to $2.99 trillion. Spot Bitcoin (BTC) ETFs saw a net inflow of $3.49 billion that month, pushing their net flow in 2026 to positive territory for the first time on September 23. BTC confirmed a "golden cross" – where the 50-day moving average crossed above the 200-day moving average – on September 8, with the gap between the two indicators widening to around $7,500. Historically, such deep resets are often followed by strong recoveries.

Ansem is strongly bullish on the market outlook, predicting that major cryptocurrencies including Bitcoin will reach new highs before Christmas.

Crypto KOL Ansem issued a prediction this morning that major cryptocurrencies including Bitcoin, ETH, SOL, ZEC, and HYPE will hit new highs before Christmas.

Tron TVL surges $3.3B in Q3 2026, up 13.2%

In Q3 2026, the TVL on #Tron increased by $3.3B, up 13.2%.

In Q3 2026, the TVL on #Tron increased by $3.3B, up 13.2%.

In Q3 2026, the TVL on #Tron increased by $3.3B, up 13.2%.

The Nikkei 225 index rose 2.00% on the day, with electronics and machinery stocks leading the gains.

According to Bitget's market data, the Nikkei 225 index opened higher and rallied throughout Monday, posting an intraday gain of 2.00%, with electronics and machinery stocks leading the advance.

Ansem: Strong altcoins will keep emerging during a bull market, so investors should continuously seek excess return opportunities.

Crypto trader Ansem wrote that constantly monitoring the market and judging price trends based on 15-minute K-lines tends to lead to overtrading. Investors should manage separate accounts for spot trading, perpetual contracts, and high-risk on-chain transactions, and avoid attempting to catch every local top and bottom, as this can erode long-term investment returns. Rather than trading frequently, study past bull markets to observe how long uptrends typically persist. Altcoin rally cycles are usually faster, often outperforming the market for 4 to 6 months before new market leaders emerge—especially after a market cap increase of over 10x. However, this cycle may have a few exceptions: some altcoins will see significant revenue growth alongside price gains, so their fundamentals may improve in parallel. In prior cycles, altcoins mostly peaked due to shifting market attention and fading momentum, but this time, if projects post substantial improvements in metrics like revenue, institutional funds may continue buying actively, and investors need to adjust their existing judgments promptly based on new information. In the last cycle, Bitcoin bottomed in January 2023 and peaked in October 2025, with its uptrend lasting roughly 33 months. If this cycle bottomed in July, it is only in its 4th month currently. He notes that longer-term bull markets will see multiple "mini bull runs" led by specific altcoins, and investors need to identify these period-specific strong assets, reinvest profits into high-performing targets, and gradually convert short-term winners into long-term investments.

Bonk Guy: SI has performed strongly after a pullback, with its holder count surpassing 60,000 in a week.

Renowned crypto trader Bonk Guy stated in a post that SI has shown strong resilience amid recent market downturns, with its price action bottoming out and entering a consolidation phase. Bonk Guy noted SI’s fundamentals include: within a week of launch, its holding addresses exceeded 60,000, with 30,000 new holding addresses added in a single day—making it the first meme project in over a year to reach this growth pace. Even amid market pullbacks, its daily trading volume remains in the $15 million to $20 million range. Additionally, SI features a tokenized NVDA reward mechanism; as one of its largest holders, he earned five-figure USD worth of rewards within a week. Discussions about AI and SI’s brand transformation involving Trump and multiple tech industry figures, alongside competition from other communities and participants for SI, have further boosted the project’s market visibility. Bonk Guy also mentioned SI has now been listed on centralized exchanges including Crypto.com and Gate, with more platforms likely to follow. He explained that centralized exchanges typically do not list meme coins early unless they identify high growth potential. With factors including its large holding scale, trading volume, market attention, reward mechanism, and expanding exchange support, Bonk Guy believes SI could become one of the major meme projects in this cycle.

Bankless Founder: Bitcoin will send a strong bullish signal if it closes above $86,600 on the daily chart.

Bankless founder David Hoffman said in a post that a daily closing price of Bitcoin (BTC) above $86,600 would send a strong bullish signal, while a daily close above $87,400 would make him extremely bullish.

Micron’s fiscal quarter revenue guidance beats expectations, with AI demand remaining strong.

According to the latest report, Micron Technology (MU.O) posted Q4 fiscal 2026 revenue of $54.23 billion, up from $11.32 billion in the year-ago quarter and beating the market consensus estimate of $50.58 billion. The chipmaker also issued a current-quarter sales forecast that exceeded expectations, citing unprecedented demand driven by the rapid growth of artificial intelligence. In a Wednesday statement, Micron projected revenue for the first quarter of its next fiscal year to range from $60 billion to $63 billion, versus analyst average estimates of $56.8 billion. The company expects supply and demand for memory and storage to be far tighter in fiscal 2027 and 2028 than in 2026. Adjusted for certain items, earnings are projected at roughly $38.15 per share, compared with forecasts of $36.02. Following the report’s release, the stock gained less than 1% in after-hours trading.

During the opening of the US stock market, semiconductor and storage stocks performed relatively strongly, while optical communication and Neocloud stocks declined, with Intel rising more than 2%.

According to BIT (bit.com) market data, US stocks opened with semiconductor stocks mixed: Intel (INTC) rose 2.50%, NVIDIA (NVDA) gained 1.72%, Qualcomm (QCOM) increased 1.49%, Lam Research (LRCX) advanced 0.52%; Arm (ARM) dropped 1.68%, Marvell Technology (MRVL) fell 1.36%. Storage stocks saw minor divergence: Micron Technology (MU) climbed 0.82%, SanDisk (SNDK) added 0.35%; Western Digital (WDC) declined 0.87%, SK Hynix (SKHY) edged down 0.09%. Most optical communication concept stocks fell: Corning (GLW) decreased 2.97%, Coherent (COHR) dropped 1.61%, Applied Optoelectronics (AAOI) fell 1.33%, Ciena (CIEN) declined 0.98%. Neocloud stocks generally retreated: Hut 8 (HUT) plunged 5.86%, Cipher Digital (CIFR) dropped 2.82%, Applied Digital (APLD) fell 2.56%, TeraWulf (WULF) decreased 2.49%.

Analysis: The threat posed by a stronger U.S. dollar to Bitcoin may be overestimated, as the two assets have a weak long-term correlation.

A stronger U.S. dollar is generally seen as a headwind for U.S. dollar-denominated assets like Bitcoin and gold. The U.S. dollar is the world’s primary reserve currency and debt-denomination currency; when it appreciates, repayment costs for U.S. dollar debt borrowers rise, typically leading to reduced exposure to risk assets. The U.S. Dollar Index (DXY) has risen roughly 2.6% since September 9, hitting a two-month high of 101.69 on Tuesday. Bitcoin, after approaching $87,500 on September 21, has pulled back to the $83,000–$84,000 range. A stronger dollar may cap its upside, but the impact remains relatively limited for now. TradingView data shows that over the past 90 trading days, the daily correlation coefficient between Bitcoin and the DXY is -0.41, the lowest since February 2023, indicating the two tend to move inversely. However, the corresponding coefficient of determination is only 0.17, meaning the DXY explains roughly 17% of Bitcoin’s daily return volatility. The 30-day correlation coefficient between the two is -0.45, but this result is largely skewed by two exceptional sessions on August 19 and September 3, when Bitcoin rallied over 5% while the DXY fell. Excluding those two days, the correlation drops to -0.19. Looking at a longer timeline, since January 2020, the average 90-day correlation coefficient between the two is just -0.14, and it once rose to +0.22 in November 2024. Bitcoin also shows no significant correlation with U.S. Treasury yields, indicating its movements are largely driven by its own factors. Technically, the DXY has reclaimed the Ichimoku cloud, but has not yet broken through the 101.80 resistance level. A breakout could end the sideways consolidation that has persisted since May 2025 and trigger an accelerated rally.

Trump to Sign Strong Executive Order on Artificial Intelligence

US President Trump stated that he will sign a strong executive order on artificial intelligence, renaming AI as "Super Intelligence" (SI).

Some altcoins remain strong, with CRV surging over 21% in 24 hours.

According to HTX market data, amid Bitcoin’s fluctuating performance, select altcoins have remained strong. Their latest 24-hour price stats are as follows: CRV trades at $0.3984, up 21.09% in the past 24 hours; HBAR is priced at $0.11803, up 19.42%; 0G stands at $0.3062, up 18.36%; MUBARAK is at $0.06377, up 18.27%; MARSCOIN trades at $0.1653, up 16.57%; ALICE is priced at $0.1703, up 14.07%; and ALGO is at $0.1312, up 10.81% over the same period.

Japan’s 40-year government bond auction records strongest demand since 2020.

Driven by relatively high yields attracting investors, Japan’s 40-year government bond auction drew its strongest demand since 2020. The bid-to-cover ratio for the auction stood at 3.1, up from 2.82 in the prior sale and above the 2.67 average over the past 12 months. Japanese government bond futures continued to rise after the auction, with the 40-year JGB yield last quoted at 4.23%. The bond sale comes as investors grow increasingly concerned that the Bank of Japan (BOJ) may be falling behind the curve on monetary tightening. BOJ Governor Kazuo Ueda, after delivering a widely expected interest rate hike earlier this month, failed to provide clear guidance on the pace of future hikes, stoking market expectations that the central bank may ultimately need to implement more aggressive rate increases.

South Korean stocks closed down 2.7%, with Samsung Electronics and SK Hynix falling more than 5%.

According to Bitget market data, South Korea's KOSPI index closed down 191.17 points, a 2.7% drop, to 6889.75 points. Samsung Electronics and SK Hynix both fell more than 5%.

Samsung Electronics speeds up construction of its first mass production line for P5, advancing the equipment import timeline to Q2 next year.

Samsung Electronics is accelerating construction of the first mass production line (Phase 1, Ph1) at its Pyeongtaek Campus 5 (P5). According to reports, Samsung is in talks with major equipment suppliers to bring forward the Ph1 equipment installation timeline from the originally scheduled third quarter of next year to the second quarter. Driven by surging demand for high-end DRAM and NAND in the AI sector, Samsung aims to speed up its capacity expansion. P5 is Samsung Electronics’ next-generation semiconductor production base, slated to launch operations in 2028. This year’s third quarter saw Samsung kick off construction of the Ph1 cleanroom, which is primarily used to control micro-pollutants and environmental conditions such as temperature and humidity inside the wafer fab. Samsung had previously planned to complete the Ph1 cleanroom at P5 by early next year, but had already advanced the timeline by roughly six months, so equipment introduction was initially expected in Q3 next year. However, Samsung’s equipment investment progress for P5 has further accelerated recently. An industry insider noted that Samsung has informed relevant parties of its plan to shift the Ph1 equipment arrival time from the original July-August next year to May-June next year. Given the early completion of the cleanroom, the project schedule had already been adjusted once before, and the overall investment pace has now quickened further.

South Korea's KOSPI index extended its decline to 2%, with Samsung Electronics and SK Hynix both falling more than 4%.

According to Bitget market data, South Korea’s KOSPI index has extended its intraday decline to 2%. Samsung Electronics slid 4.1% and SK Hynix dropped 4.65%.

South Korea's KOSPI index fell 1%, Samsung Electronics dropped 2.54%, and SK Hynix declined 2.82%.

According to Bitget market data, South Korea’s KOSPI index saw an intraday decline of 1.00%. Samsung Electronics fell 2.54%, while SK Hynix dropped 2.82%.

Cosmos Hub Recovers 1.227 Million ATOM from Neutron Attack, Funds Temporarily Held in 4/6 Multi-Signature Address

Cosmos Labs released a disclosure stating that on September 22, Neutron suffered a governance attack, resulting in the theft of liquidity from protocols including Astroport. Approximately 1.73 million ATOM were subsequently transferred by the attacker to the Cosmos Hub. The Cosmos Hub itself was not targeted in the attack, and user funds remained unharmed. To block the stolen ATOM from being further moved, Hub validators temporarily paused the network for roughly 24.5 hours, resuming block production on September 23 using the patched Gaia v28.3.0. Cosmos Labs added that during the pause, 1.227 million ATOM stayed in the attacker’s Hub address. Upon network recovery, these funds were transferred in a single operation to a 4/6 multi-sig address made up of Nansen, Keplr, Enigma, Silknodes, Kiln, and Polkachu. Earlier, around 500,000 ATOM had been swapped for ETH via THORChain and cannot be recovered. An additional 169,000 ATOM entered the attacker’s address via a THORChain refund after the network came back online, and were later transferred to Osmosis and sold. The multi-sig address currently holds approximately 1.227 million ATOM, which can only be returned following authorization via a Cosmos Hub governance proposal. The funds will not be staked, lent, or traded. The Neutron team is expected to submit a recovery plan and related governance proposal next week.

Yilihua: Bitcoin faces a normal correction after climbing to $86,000, adopting a "bearish but not shorting" stance, with ETH showing even stronger momentum.

Liquid Capital founder Jack Yi wrote in a post that after Bitcoin (BTC) rose to around $86,000, it is facing a normal correction. In the current bull market, investors should "be bearish but not short" and wait patiently for the next long trading opportunity. He noted that for specific trading opportunities, Ethereum (ETH) is showing stronger performance; trading infrastructure assets such as UNI and HYPE are gaining market acceptance, while ZEC is a "strong-whale asset".

Franklin Templeton: U.S. Stock Market Poised for Strong Fourth Quarter

Franklin Templeton Institute Chief Investment Strategist Jeff Schulze said that regarding the Federal Reserve’s latest interest rate hike, the market’s recent mild performance may help mitigate any potential downturn. In the three months leading up to last week’s rate action, the S&P 500 index barely moved, while the average gain in the three months prior to the first interest rate hike of a cycle historically stood at 4.2%. “I think the market is poised to continue moving higher as it enters the seasonally very strong fourth quarter,” Schulze said. (Jinshi)

Tron Transaction Volume Surpasses $30 Trillion With $30B Daily Volume

Total transaction volume on #Tron has officially surpassed $30 trillion, with over $30 billion in daily volume.

Total transaction volume on #Tron has officially surpassed $30 trillion, with over $30 billion in daily volume.

Total transaction volume on #Tron has officially surpassed $30 trillion, with over $30 billion in daily volume.

Viewpoint: The halving of LLM token prices does not signal a weakening in AI demand; the GPU computing power rental market remains robust with strong demand.

Professional data firm Silicon Data published a report noting that the market has recently frequently cited its LLM Token Index as a basis for bearish bets on AI trading, but the index’s decline does not signal a weakening of AI demand or model-layer profits. Silicon Data explained that its LLM Token Index measures the actual price paid per million tokens by API users in its sample — referred to as the "usage-weighted price" — rather than token volume or total spending. The index fell 52% from $2.07 on May 28 to $1 on September 21, but had risen 67% between January and its May peak, meaning price movements alone cannot serve as a direct indicator of AI industry sentiment. The firm pointed out that the recent index decline mainly reflects more tasks being allocated to cheaper, faster models, while AI labs continue rolling out additional mid-tier models. Since tokens do not fully represent AI capabilities, the index also cannot distinguish between model substitution and more efficient agent routing on its own. By contrast, the GPU computing power rental market still shows strong demand. Silicon Data’s data shows that rental prices for H200 GPUs at non-hyperscale cloud providers rose from an average of $2.87 in June to $3.29 currently, hitting $3.32 on September 19; B200 GPUs now trade at $5.76, up 7% year-over-year and 31% year-to-date; B300 GPUs have risen 44% since their launch at the end of April. Silicon Data believes that with the large-scale adoption of agents, the vast majority of tokens in the future will likely come from cheap, fast models, so token prices can continue to decline while total token volume still grows significantly. The firm added that truly high-value tasks will likely remain concentrated on frontier models, and the widespread adoption of AI means demand for computing power could be "more, not less".

Total transaction volume on the TRON blockchain has surpassed $30 trillion, while USDT circulating supply exceeds $94 billion.

TRON DAO announced that the cumulative transaction settlement volume on the TRON blockchain has surpassed $30 trillion, with over 405 million on-chain accounts, more than 15 billion total transactions, and total value locked (TVL) exceeding $280 billion. Data shows TRON currently has over $94 billion in circulating USDT, the largest amount among all public blockchains. Token Terminal data indicates that TRON’s USDT transfer volume year-to-date is approximately $6 trillion, with an average daily transfer size of around $25 billion, ranking among the top across all networks. In the payments sector, CoinDesk Research reports that crypto payment card transaction volume rose from $2 billion in Q1 2026 to $2.4 billion in Q2 2026, with TRON’s share increasing from 33% to 34% — the highest among all public blockchains tracked. Institutional adoption is also expanding. In September, Canary Capital launched the Canary Staked TRX ETF (TRXS); Bitnomial has rolled out TRX spot and futures products, while Anchorage Digital added support for native TRX staking and TRC-20 asset custody for TRON.

Neutron governance proposal manipulated, attacker steals approximately $4.4 million; Cosmos Hub validators coordinate a chain halt to recover the funds.

Cosmos ecosystem protocol Neutron’s urgent governance proposal was manipulated by attackers. The malicious address spent approximately 20,199 USDC to buy NTRN, then staked 31.6 million NTRN about 12 minutes before the vote ended, leading the proposal to pass with an 82% support rate. The attacker subsequently transferred control of 11 contracts to themselves, migrated them to malicious code, and stole roughly $4.4 million in assets. To recover the funds, Cosmos Hub validators coordinated a near 24-hour and 48-minute chain halt; during the restart process, they transferred approximately 1.23 million ATOM from the attacker’s wallet to a new address, with plans to return the assets to their original holders later. (The Defiant)