Goldman Sachs: Japan's AI semiconductor stocks haven't "broken" after their sharp plunge, Intel's capital expenditure hike creates a buying opportunity.

Caixin published an article titled "The Collapsed Balance Sheet of the Boxing Champion", which disclosed that for the six individual natural person creditors who are friends of boxing champion Zou Shiming and his wife, compared to other losses, funds invested in P2P and virtual currencies are the only sums that still have the possibility of recourse. Properties have been sold, luxury goods have been sold at a discount, boxing gym renovations have been written off, and cross-border projects have been shut down—all are irreversible sunk costs. However, P2P and virtual currencies are different: if the platform has not yet completed liquidation, or if the wallet address is still traceable, there is theoretically room for subrogation recovery. For example, Beijing procuratorial organs in China once used penetrating review combined with blockchain big data analysis tools to track the flow of virtual currencies, successfully recovering over 89 million yuan in illicit funds.

Ten European financial institutions have jointly established the Regulated Layer One (RL1) blockchain cooperative, which will provide infrastructure for regulated financial markets and tokenized assets. Founding members include ING Group, Spain’s Cecabank, France’s Crédit Mutuel Alliance Fédérale, Germany’s DekaBank, DZ BANK, LBBW, France’s Natixis CIB, Standard Chartered’s SC Ventures, and Seturion, among others. RL1 is a Luxembourg-registered European cooperative, with all members holding equal governance and decision-making rights. The private permissioned chain is built on infrastructure developed by German fintech firm SWIAT, which has transferred ownership of the network to the cooperative. RL1 aims to support institutional use cases including digital currencies, tokenized bonds, collateral, and blockchain settlement, while reducing fragmentation caused by financial institutions operating their own distributed ledger systems.

According to monitoring by TenArmorAlert, a suspicious attack involving the LULA token on the BNB Smart Chain (BSC) has been detected, causing approximately $578,100 in losses.

According to GMGN data, the on-chain Meme coin PIPEDOG (Pipedog) on Robinhood’s blockchain hit a market cap of over $74.5 million and a trading volume of $34.8 million within four hours of its launch. BlockBeats reminds users that most Meme coins lack practical use cases, exhibit high price volatility, and advises investors to exercise caution.

According to Blockaid's monitoring, the Pro token under Crypto DAO was hacked. As of 00:23 this morning, the attacker and associated profit-linked addresses currently hold a total of approximately 8.2 million USDT.

Kim Yong-beom, Director of the Policy Office at the South Korean President’s Office, provided a systematic response to the causes of the recent sharp plunge in the KOSPI index. He noted that the market is currently undergoing internal debate over AI investments: on one hand, concerns over the commercial sustainability of large-scale capital expenditures by major tech firms, with "semiconductor supply continuing to rise, while there is a lack of confidence that future demand can sustain this growth"; on the other, accelerating catch-up by China’s semiconductor industry has brought new competitive pressure. News such as the listing of ChangXin Memory Technologies and breakthroughs in China’s photolithography equipment manufacturing technology has led the market to re-examine whether South Korea’s competitive edge in memory chips remains solid. However, Kim clearly emphasized that AI demand is not temporary, stating "demand will remain steady and sustained." He argued that South Korea should seize this opportunity to accelerate factory construction, make timely investments, and strengthen R&D spending. Addressing the causes of amplified volatility in South Korea’s domestic market, Kim clearly stated that leveraged ETFs are not the sole driver. Factors including South Korea’s market structure where semiconductor and AI-related stocks account for 40% to 50%, high weights of derivatives and ETFs, and investor composition have combined to make volatility significantly higher than in overseas markets. While leveraged ETFs may cause temporary market impacts during end-of-day rebalancing, volatility sometimes emerges as early as the morning. This temporal distribution alone rules out leveraged ETFs as the sole driver. Kim recommended that South Korea’s Financial Services Commission conduct a comprehensive review of the overall capital market structure, including leveraged ETFs.