South Korea's KOSPI index opened 2.79% lower, with SK Hynix and Samsung Electronics both falling around 3%.

Beating AI News Flash: According to market sources, Alibaba plans to train an AI model with 5 trillion to 10 trillion parameters. Alibaba CEO Wu Yongming stated at the Yunqi Conference that current customer demand for AI is extremely strong, and the company will fully invest in AI infrastructure construction, targeting to operate a global data center scale exceeding 20GW for Alibaba Cloud by 2032. On the same day, Pingtouge launched its most powerful domestically produced AI chip, the Zhenwu V900, whose computing power is three times that of the Zhenwu M890. It is reported that Pingtouge’s annual shipments of AI chips will rise significantly.

According to TradingBeats’ monitoring, an address starting with 0xf517 on Hyperliquid added a $25 million regular limit sell order for BTC at $89,444 this morning, intending to sell 279.50 BTC. It also kept a $6.25 million take-profit order at $88,777, with total non-position-reduction sell orders above this level totaling roughly $30.5 million. As of press time, the address still holds the long position, with an average entry price of ~$81,273.5, position value of ~$6.034 million, and unrealized profit of ~$312,000. No BTC trades have been executed today so far. If the position and orders remain unchanged and filled, the address will flip from long to short, opening a maximum short position of ~341.38 BTC. Meanwhile, the address still holds regular buy orders worth ~$47.196 million in the $67,777–$78,777 range, including a ~$20 million order at the $78,777 level.

Beating AI News: Tencent’s Hunyuan launches Hy Image3.5 preview. Compared to Hy Image3.0, the new version raises the reference image limit from 3 to 20, supports multi-round continuous editing, and can directly generate up to 4096×4096 4K images. Hy Image3.5 preview is now live on design agent Miora, with limited-time free access running from September 22 to October 7. Miora states that the new version’s overall capabilities are approximately 30% higher than its predecessor.

South Korea’s Kakao Pay and Kakao Bank have signed an agreement with Fireblocks to establish secure digital asset infrastructure in South Korea. The three companies will jointly explore a digital asset issuance and distribution framework, focusing on stablecoins.

According to Lookonchain monitoring, as Bitcoin prices rose, trader 0xc3ed was liquidated four times in just 14 hours. His short position stood at a high of 375.8 Bitcoin, valued at $32.55 million, and has now been fully closed out.

The White House officially launched a 24-hour live stream called "Trump TV: The Essentials Station" on Monday evening local time, claiming to serve as a one-stop hub for viewing the administration’s "biggest moments," key speeches, and highlight clips with real-time updates. The content is available on the White House’s official YouTube channel and its official website. The stream’s debut featured Trump’s speech at Mount Rushmore on July 3 this year. The White House account simultaneously released a poster noting "Streaming 24/7." The launch of "Trump TV" comes amid escalating tensions between the White House and the media. Trump recently banned CNN, MS NOW, and Politico from entering the White House, prompting the pool of broadcast media outlets including ABC, CBS, NBC, CNN, and Fox to suspend providing pooled footage for presidential events. The White House positions its self-operated stream as an "unfiltered highlight live broadcast" to bypass traditional TV distribution.