Huobi HTX has launched AERGO perpetual contracts and kicked off a contract trading party.

Beating AI Express: Local time October 26, the U.S. Department of Justice filed an appeal notice with the Ninth Circuit Court of Appeals, seeking to overturn a California court’s August ruling and reinstate the full federal agency ban on Anthropic. The same day, Anthropic publicly submitted its IPO prospectus. The case has two parallel tracks: In September, the Washington Court of Appeals already allowed the Pentagon to exclude Claude from military systems and related defense procurement citing "supply chain risks". However, the California court blocked a broader ban: it not only ordered all federal agencies to cease using Claude, but also prohibited defense contractors from engaging in non-military commercial partnerships with Anthropic. The judge ruled the government lacked sufficient basis to prove the relevant risks, and the ban was in fact retaliation for Anthropic’s public criticism of the government. Anthropic’s prospectus shows government agency contract revenue accounts for only around 1% of its total revenue, but the ban has impacted a larger commercial market. Evidence cited by the California court indicates three government contractors have terminated or been ordered to terminate their contracts with Anthropic. Separately, three deals totaling over $180 million that were near completion fell through. Some clients have requested to add unilateral termination clauses, while others have directly switched to competitors. Anthropic previously estimated to the court that if the broadest ban were fully implemented, its 2026 revenue could decline by billions of dollars.

SK Hynix will release its third-quarter 2026 financial results after the U.S. market closes on Tuesday, alongside a new shareholder return plan. Market focus is not only on high-bandwidth memory (HBM) demand and earnings performance, but also whether the company will announce a large-scale special dividend. Other storage manufacturers including Samsung Electronics and Japan’s Kioxia will also report their results in succession. AI infrastructure demand continues to drive an uptick in the storage chip cycle. KB Securities analysts estimate that over 70% of the memory chips South Korea’s two leading storage chip makers plan to produce next year are already covered by five-year supply agreements signed with major tech firms. However, as the market begins to worry about returns on AI capital expenditure and financing costs, investors are paying closer attention to order quality, future demand sustainability, and production expansion pace. On the shareholder return front, South Korean media previously reported that SK Hynix is considering a special dividend of around 16 trillion won (approximately $12 billion); another report noted that the total new shareholder return package could reach up to 60 trillion won (about $45 billion). None of the above figures have been officially confirmed by the company. Earlier, SK Hynix announced it would repurchase and cancel 40 trillion won in treasury stock, and plans to allocate more than 50% of its free cash flow from 2025 to 2027 to shareholder returns. This earnings report and future demand guidance will serve as a key basis for the market to judge whether the AI storage chip supercycle can continue.

Insight Beating AI Flash News: Cloudflare has disclosed an AI data breach. A user isolation flaw in its Workers AI platform’s GLM-5.3 model led to 155 responses mixing content previously submitted by other customers—meaning messages you send to the AI could appear directly in strangers’ outputs. The issue traces to GPU cache management: Cloudflare set a 1.05-million-token context window for the model, but the GPU cache handling inputs only holds ~680,000 tokens. Long requests that should have triggered an error instead ran via underlying inference engine SGLang, letting the model read residual cache from other users. All 155 affected responses came from long requests exceeding cache capacity. Cloudflare admitted it knew the cache was insufficient pre-launch, but tests only checked for normal interface responses, not verifying content, so missed the data leakage. Joint troubleshooting uncovered another cache flaw: when a user cancels a mid-process request, the system may allocate cache to another user early, while original data is incomplete, then overwrite the new user’s content. The SGLang team reproduced the issue with two H200 GPUs: the AI, normally counting from 1, suddenly started outputting prompts from another request. Such errors leave no abnormal logs. Cloudflare fixed the actual leak on September 9, confirmed no other Workers AI models were affected, and found no evidence of malicious exploitation. The SGLang team has since patched related cache management defects, recommending relevant deployments upgrade to v0.5.22 or newer.

According to HTX market data, Ethereum briefly dipped below $2,300, with a 1.33% decline in the past 24 hours.

According to Hong Kong Exchanges and Clearing (HKEX) disclosures, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) via his investment entities, accounting for 8.01% of the company’s issued shares. At the October 27 closing price of HK$132.50, his holding is valued at approximately HK$14.14 billion. For holding costs: Jiemian News cited market estimates on October 26 that Duan’s average holding cost is around HK$150 per share; earlier, Blue Whale News estimated his total cost at about HK$152.32 per share. The paper losses corresponding to the two cost estimates are roughly HK$1.868 billion and HK$2.115 billion, with loss ratios of 11.67% and 13.01% respectively. Purchase breakdown: - May 25: Bought 9.8232 million shares at an average price of HK$150 - May 28: Bought 4.66 million shares at an average price of HK$162.5 - July 6: Bought 10.59 million shares at around HK$150 per share - September 1: Added 1 million shares at an average price of HK$155 The first three large-scale purchases total around 25.07 million shares, with a total investment of approximately HK$3.816 billion and a weighted average price of about HK$152.4. It should be noted that the above figures are book calculations based on media-estimated costs, not Duan Yongping’s publicly disclosed investment gains or losses. As part of his base position comes from options trading, the full holding cost cannot be independently verified via public information. Pop Mart (09992.HK) announced that its unaudited overall revenue for Q3 2026 decreased by 45%-50% year-on-year versus Q3 2025. By region: China revenue fell 25%-30% YoY, Asia-Pacific revenue dropped 65%-70% YoY, Americas revenue decreased 70%-75% YoY, and Europe and other regions revenue fell 50%-55% YoY. By channel: China offline channel revenue declined 5%-10% YoY, while online channel revenue dropped 45%-50% YoY.

Beating AI News Flash: AI prediction company ProphetLab (also known as Weiran Turing) has secured tens of millions of RMB in angel round financing, with participation from institutions including Ivy Capital. Founded less than four months ago, founder Henry Jiang stated that the team’s developed Prophet Engine correctly predicted this year’s World Cup semi-finalists, champion, and even the final score of Spain’s 1-0 victory over Argentina. The Prophet Engine also took part in FutureX Predictive Evaluation, a ranking launched by researchers from ByteDance’s Seed and other institutions. The platform releases weekly batches of real, unforeseen events, requiring models to submit predictions in advance, and scores them after results are confirmed. Henry disclosed that Prophet Engine topped the weekly rankings for two consecutive weeks in August this year, with scores of 60.45 and 56.05 respectively. ProphetLab intends to apply the same predictive capabilities to financial and business decision-making. The company noted that it has already secured millions of RMB in commercial orders, and is preparing the Investor’s Last Exam (ILE), a dedicated list for evaluating business predictive performance.