MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

Court records show that, after receiving valid legal requests, Telegram provided U.S. authorities with private data on certain users, including phone numbers, user IDs, display names, and the IP addresses and timestamps of their last logins. Telegram described the disclosures as voluntary and denied being subject to U.S. jurisdiction. It did not disclose chat or contact information. Since September 2024, a policy change has allowed Telegram to disclose IP addresses and phone numbers when criminal activity is confirmed. Throughout 2024, Telegram received approximately 900 U.S. law enforcement requests involving 2,253 users.

In under 30 minutes, Claude traced and reproduced a set of numbers the NSA provided to the government. They came from the legacy C random number generator lrand48, were associated with 1997/1998 timestamps, and yielded an exact match for the published seed at candidate 1842 in the P-256 sequence. This discovery significantly lowers the likelihood of a hidden backdoor, and users of NIST curves don’t need to make any changes. Bitcoin’s secp256k1 is unaffected, and the $36,864 bounty will be donated to Let’s Encrypt, part of ISRG.

Spot gold has fallen about 27% from its peak earlier this year, while silver is down more than 50%, but physical supply pressures remain. The World Gold Council says central banks bought 288.9 tonnes of gold in Q2 2026, up 62% year over year and a record for the period. The Silver Institute forecasts a silver supply deficit of 46.3 million ounces in 2026, with limited growth in mine output. On the demand side, lower silver use in solar panels may be partly offset by rising demand from data centers, electric vehicles, and power grid upgrades. Mine development takes a long time, so new supply cannot respond quickly. The pullback is largely due to speculative positions being unwound, not a complete easing of physical supply-demand imbalances. The U.S. fiscal deficit and diversification of central bank reserves may continue to support gold, but trade policy, weaker industrial demand, and the release of production capacity will still affect the market.

According to the Hong Kong Stock Exchange, Shandong Sinder Technology was the only company to file a prospectus this week, focusing on four major animal health segments. Its revenue exceeded RMB 1.1 billion for the first time in 2025, while its net profit for the first five months of 2026 reached RMB 51.094 million, already surpassing the full-year figure for 2025. The company had filed its prospectus as early as February this year, but it expired in August. It had previously made three unsuccessful attempts to list on the A-share market, with issues involving new veterinary drug certificates, unfair related-party transactions, and bid-rigging violations. In terms of valuation, its post-money valuation was approximately RMB 2.878 billion in its 2021 Series B round, then fell to approximately RMB 1.8 billion in its 2025 Series C round.

U.S. stocks may look calm, but they are being hit by tighter financial conditions. Morgan Stanley says its composite financial conditions measure has reached about 1.4 standard deviations, driven by rate-hike expectations, 10-year Treasury yields above 5%, a strong dollar, and high oil prices. The broader stock market is under pressure, the gap between equal-weighted and market-cap-weighted indexes has widened, and the equity risk premium is near zero. The outlook is split: Financial stocks stabilizing and volatility easing could improve market breadth and lift indexes; if supply shocks compound and valuations fall, the tail risk of indexes converging lower may become more pronounced.

Bitcoin mining costs come roughly half from hardware capital expenditures and half from electricity. AI inference costs are driven almost entirely by capital expenditures on computing power. Their cost structures differ: miners depend on electricity prices, coin prices, and network difficulty, while AI places greater emphasis on GPUs and other equipment, utilization, and efficiency. Industry boundaries are shifting as mining companies redirect some resources toward computing services such as AI data centers, but they also face risks from electricity price volatility, depreciation, and utilization. Profitability depends on turning resources into revenue.

Mars Finance reports that European Central Bank President Christine Lagarde stressed the importance of maintaining sound public finances, calling them a key pillar of economic stability. She said countries should ensure that fiscal measures to address the energy shock are temporary and targeted. Lagarde reiterated that the euro area economic outlook faces downside risks, while inflation risks are tilted to the upside.

Recently, U.S. banks have raised concerns with regulators about AI agents, fearing they could automatically move idle funds to seek higher returns, leading to deposit outflows. Citi and Bank of America have therefore restricted AI agents’ access to customer accounts. Citi explicitly prohibits third-party AI from logging in or conducting transactions through its digital banking services, while Bank of America is developing agreements on liability for AI-authorized payments.

Microsoft Research released StudentSim, which uses de-identified learner records to train personalized AI simulators for each student. The simulators model both independent answers and reactions after explanations, addressing the challenge of evaluating whether explanations are effective without large-scale human experiments. Covering chess, English writing, and mathematics, StudentSim also introduces the StudentSimEval benchmark, with results outperforming baselines. The team emphasizes that it is not a classroom product and does not replace teachers; it is designed only to provide researchers with low-cost, scalable early feedback.

Rising Treasury yields, the dollar, and oil prices have significantly tightened U.S. financial conditions, while U.S. equities have diverged: a handful of mega-cap tech stocks are providing support, while other stocks are under pressure. Analysts say the shock is skewed toward valuation compression rather than slower economic growth. The median S&P 500 stock is down about 15% from its 52-week high, and the equity risk premium has fallen below zero. Looking ahead, whether financial stocks can stabilize and Treasury volatility can ease will determine the market’s direction, with two possible paths: a rebound in other stocks or a pullback in tech stocks.

The 6th RISC-V China Summit is scheduled to take place at the Shenzhen Convention & Exhibition Center from October 18–20, with an expected 3,600+ in-person attendees and more than 450 exhibitors and research institutions. Frost & Sullivan data show that China’s RISC-V main control chip market grew from approximately 1.1 billion yuan in 2021 to approximately 37.7 billion yuan in 2025, and is projected to reach approximately 219.4 billion yuan by 2030. RISC-V penetration in the smart terminal and embodied intelligence chip markets is expected to rise to 26.7% and 28.2%, respectively, by 2030.

The AI boom is driving semiconductor profits to record highs, but the market is concerned about a cyclical collapse. Global sales growth in the first half of 2026 hit its highest level in nearly 40 years, while TSMC and Samsung continued to post record profits. However, the Philadelphia Semiconductor Index has fallen nearly 14% since October, and investors are becoming more cautious about the sustainability of the supercycle. Capacity expansion is being funded more by cash flow than by debt, leaving the industry flush with cash and increasingly concentrated, with stronger pricing power. Long-term contracts are shifting some demand risk: Nvidia has committed more than $250 billion to secure supply, while Micron’s “take-or-pay” terms are locked in through 2030. If demand suddenly drops, prices and profits will still come under pressure, but the trend toward suppliers and buyers sharing the costs of the cycle is becoming clear.

Mars Finance reported on Oct. 17 that, according to TradingBeats monitoring, since 6:00 p.m. yesterday, Huang Licheng’s (“Machi Big Brother”) address has reduced its long position by 2,975 ETH. The position now stands at 3,325 ETH, with unrealized profits narrowing to $23,000 after briefly reaching $330,000 yesterday. The entry price was $2,420.97, the liquidation price was $2,380.34, and the leverage was 25x.

Mars Finance: Trump says the stock market surged during his presidency, with the S&P rising from 5881 to 7651, up about 30%. But risks from AI trading are weighing on U.S. stocks, as tech shares retreat. The Nasdaq closed down 2.15% on the day, the Nasdaq 100 fell 2.5%, and the S&P dropped 1.1%. The Nasdaq is down 4.48% this week, while the Dow is up 0.68%. The Philadelphia Semiconductor Index has fallen for eight consecutive days. In earlier remarks on Russia-Ukraine and the Middle East, Trump said he was willing to disclose details publicly, accused Biden of mishandling the Ukraine issue, and said oil prices would fall soon. The Abraham Accords have once again become a Saudi Arabia issue.

Mars Finance News, Oct. 17: Hong Kong’s first “International Application Training Ground for Embodied Intelligence,” established by the Hong Kong Industrial Artificial Intelligence and Robotics Centre (FLAIR) under the Hong Kong Productivity Council, was officially unveiled recently. Seven companies, including industry representatives AI² Robotics, Unitree Robotics, and AgiBot, were named as its first technology partners. AI² Robotics’ general-purpose intelligent robot AlphaBot 2 has joined the training ground to participate in the training, validation, and optimization of embodied intelligence technologies in real-world application scenarios. (Wide Angle Observation)

Mars Finance, October 17: According to Farside, U.S. spot Bitcoin ETFs saw net outflows of $82.4 million yesterday, while spot Ethereum ETFs saw net outflows of $69.7 million, marking three consecutive trading days of net outflows.

Anthropic’s Claude reverse-engineered part of the seed-generation process for NIST-standard elliptic curves in half an hour, suggesting the seeds may have come from lrand48 and Unix timestamps rather than a complex backdoor algorithm. This did not crack ECDSA; it only reconstructed how the parameters were generated, helping assess potential backdoor risks. The case also highlights AI’s emerging potential in cryptographic auditing and security research.

Mars Finance reports that Bitdeer said in its weekly Bitcoin update on X that it produced 294.2 BTC this week as of October 16, all of which was sold. Its net increase in holdings was 0, and it currently holds 0 BTC, excluding customer deposits.