On-chain trading activity picked up after TSMC's earnings report, while TSM's largest long position remains in unrealized loss.
TSM's on-chain trading volume surged 234% in the first hour after TSMC's October revenue announcement, while open interest declined instead. TSMC reported October revenue of NT$586.89 billion, up 59.7% year-over-year (YoY) and 14.7% month-over-month (MoM). Cumulative revenue for the first 10 months of this year reached around NT$4.49 trillion, a 43.3% YoY increase. Per TradingBeats monitoring, in the first hour following the revenue release, TSM perpetual contracts on Hyperliquid saw trading volume of approximately $358,900, a ~233.8% jump from the prior hour's $107,500. During the same window, TSM gained 0.69%. While trading volume expanded, open interest did not rise in tandem. Among large positions, TSM's largest long whale (address: 0xfd6a) remains in unrealized loss, holding a long position worth ~$1.219 million at an average entry price of $434.97, with an unrealized loss of ~$132,000. TSM would need to rise roughly 10.8% from its current price to return to its entry cost.
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Bitcoin mining firm MARA transfers another 500 BTC, valued at approximately $37.38 million.
According to Lookonchain monitoring, Bitcoin mining firm MARA Holdings transferred out an additional 500 BTC today, valued at approximately $37.38 million. Since October 1, MARA has sold a total of 13,597 BTC, worth around $1.1 billion, with an average selling price of $81,039.
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MARA Holdings Sells Another 500 $BTC ($37.38M), Total 13,597 $BTC Since Oct 1
Bitcoin miner MARA Holdings (@MARA) transferred out another 500 $BTC ($37.38M) today.
Since Oct 1, #MARA has sold a total of 13,597 $BTC ($1.1B) at an average price of $81,039.
2 minutes ago
OpenAI launches $200 retro handheld console: Create a game with just one sentence, Codex writes it to a physical cartridge.
Dongcha Beating AI Flash News: OpenAI has partnered with U.S. retro gaming hardware firm ModRetro to launch the $200 Codex Special Edition Chromatic. A retro handheld console similar to Nintendo’s Game Boy, it supports cartridge-based game play. Now, users can also create new games for the device using Codex. To do so, users only need to install the ModRetro plugin in Codex on their computer, and describe their desired game characters, maps, and gameplay. Codex will then call development tools to generate pixel art, game rules, and runnable game files. After the game is completed, users can first test it on their computer, request Codex to revise based on feedback, or connect the handheld via USB for testing. Once satisfied, they insert the included programmable cartridge into the handheld, and Codex writes the game to the cartridge. Unplugging the data cable allows independent play. Each cartridge can only hold one game at a time, but it is rewritable. Writing a new game will overwrite the old one and may erase save files. Before the first write, users need to update the handheld’s firmware and enable developer mode. OpenAI has showcased 13 games created with Codex, which users can try directly in their browser. The first batch of the co-branded handhelds is now sold out, with an official restock scheduled for November 19.
2 minutes ago
AI concerns hit tech stocks, SoftBank posts first net loss in nearly two years.
SoftBank posts its first net loss in nearly two years. Concerns over spending and demand in the AI sector have weighed on the core holdings of the tech investment giant. The Japanese conglomerate recorded a net loss of 1.12 trillion yen ($7.1 billion) in its second fiscal quarter, a sharp reversal from the profit it posted in the same period last year. Declines in shares of chipmakers Arm and Intel, as well as South Korean e-commerce giant Coupang, dragged down SoftBank’s overall performance. The Vision Fund division, which manages stakes in hundreds of tech startups, posted a loss of 81.6 billion yen. SoftBank is increasingly viewed as a barometer for sentiment toward OpenAI and the broader AI sector. Since hitting an all-time high in June, SoftBank’s stock has plummeted more than 50%. The slump is driven both by market worries over its debt used to finance large-scale AI investments and fears that a full Democratic victory in the U.S. midterm elections could stall many projects under Masayoshi Son’s purview. (Jinshi)
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