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.

Mars Finance News: On October 8, Huang Kunming, secretary of the Guangdong Provincial Party Committee, visited Shenzhen to conduct research at port hubs and platform enterprises. During the research, Huang Kunming pointed out that the fourth quarter is a critical period and a challenging phase for completing annual targets and tasks and winning the final battle of the year. Shenzhen must go all out to boost the economy and stabilize growth, further strengthen economic operations management, formulate targeted policies for key enterprises and industries, prioritize project construction and preparation, better stimulate the vitality of private investment, focus on expanding effective investment, continue to stimulate potential consumption, and constantly consolidate the positive trend of the economy toward new, higher-quality, and better growth. It is necessary to firmly focus on cultivating and strengthening the real economy, leverage its advantages to expand and strengthen advanced manufacturing, mobilize the entire city to accelerate the development of the artificial intelligence and robotics industries, strengthen the development of technology, factors of production, and application scenarios in an integrated manner, strive to take the lead and blaze new trails in cultivating the intelligent economy, and comprehensively build up new drivers and advantages for industrial development. The preparation and successful hosting of the APEC meeting must be treated as the current priority.

StarkWare says that Starknet, as an Ethereum L2, is considering multiple security migration options, including converting to an L1, to address cryptographic risks posed by quantum computing and AI, and has already developed a post-quantum security roadmap. Ethereum plans to make its L1 fully quantum-resistant by the end of 2029; Starknet expects to implement the relevant upgrades in 2027, while Bitcoin has made no such commitment.

Mars Finance News: On October 8, Hong Kong’s Hang Seng Index closed down 1.43%; the Hang Seng TECH Index fell 2.89%, hitting a new low since September 26, 2024. The two leading Hong Kong-listed large-language-model companies led the decline, with MINIMAX-W falling more than 13% and Zhipu falling more than 7%. Semiconductor stocks fell across the board, with Biren Technology down more than 11%, Hua Hong Semiconductor down more than 9%, GigaDevice and Longsys down more than 7%, SMIC and Montage Technology down more than 6%, and Fudan Microelectronics down more than 5%. Optical communications and PCB concept stocks broadly declined, with Haiguang Xinzhen down more than 13%, Goworld Technology down more than 8%, YOFC and Kingboard Laminates down more than 6%, and Victory Giant Technology down 5%. (Kegubao report)

Mars Finance reported that on October 8, Federal Reserve Governor Waller said that more interest rate hikes are still needed, but the pace of hikes should remain flexible. (Jinshi)

Mars Finance reports that, according to monitoring by market intelligence platform Liquid24/7.xyz, Hyperliquid address 0x020ca6...5872 currently holds an ETH long position of 36,450 ETH, with a notional value of approximately $93.5595 million. At press time, ETH was trading at $2,566.79. The average opening price of the address’s ETH long position was approximately $2,646.41, and the position currently has an unrealized loss of approximately $2.9022 million.

Mars Finance reports that on October 8, according to market data, WTI crude oil’s intraday gain expanded to 3%, now trading at $90.99 per barrel.

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Author: Nancy, PANews
Zcash’s strong rally has reignited market interest in the privacy narrative, bringing the long-dormant privacy sector back into the spotlight.
Recently, the L1 project Quantus, which launched its mainnet not long ago, has become a hot topic in the market. With its positioning around “quantum resistance + privacy,” Quantus quickly attracted market attention and was even regarded as an anti-quantum version of Zcash. Meanwhile, the support of privacy narrative advocates such as Balaji has further added to the buzz surrounding this new public blockchain.
Just one month after its mainnet launch, Quantus rose to prominence on its quantum-resistant and privacy narrative
In recent days, the crypto industry’s attention has focused on the TOKEN2049 conference held in Singapore. Today, a side event titled “Quantum and Privacy Day” was held. In addition to the well-known veteran privacy project Zcash and the public blockchain NEAR, recently gaining attention from the community

Mars Finance reports that Sui posted on X that the Hashi mainnet will begin rolling out this month, with more than $500 million in capital commitments already secured. Anchorage will join as a launch partner, providing Hashi with qualified custody services and stablecoin liquidity.

SK Hynix’s U.S. stock lock-up period expires Wednesday, prohibiting the company, its affiliates, and management from selling shares. The market is questioning how long the memory chip upcycle can last. As of Tuesday, the ADR traded at a 38% premium to the company’s shares in South Korea, the highest among major Asian issuers tracked by Bloomberg. Despite the pullback, the price remains more than 20% above its listing price. There are currently no signs of a secondary offering, unlike some Asian AI companies.

Mars Finance reports that the U.S. stock market’s Q3 earnings season will officially kick off next week. According to an analysis by ZeroHedge, Nvidia and Micron are expected to account for more than one-third of the S&P 500’s Q3 earnings-per-share growth. The analysis also found that, overall, artificial intelligence infrastructure companies are expected to drive more than half of the S&P 500’s Q3 earnings-per-share growth. (Cailian Press)

Greece plans to legislate a 10% tax on cryptocurrency capital gains. The draft was published on Thursday for public consultation and is expected to be submitted to parliament for review in November. Individuals will have an annual tax-free allowance of 500 euros, with the excess subject to taxation. Because most investors use overseas platforms, making it difficult to accurately estimate the market size, the government has not yet forecast the fiscal revenue from the new tax.

Mars Finance reports that on October 8, L4 autonomous driving company “White Rhino” (Rino.ai) officially announced the completion of its C2 round of financing, bringing its cumulative Series C financing to $100 million. The C2 round was led by Hidden Hill Capital, with participation from Xiangtan state-owned capital, Shenzhen Zhongtou, Hunan Caixin, South Korea’s Woori Financial Group, and Bozheng Capital, among others. The funds will focus on advancing L4 end-to-end technology and physical AI capabilities, continuing to expand the urban operations network, and further deepening ecosystem collaboration with industry partners to establish a complete closed loop encompassing technology, products, operations, and the ecosystem. (Venture Capitalist CLUB)

Mars Finance reports, citing The Block, that Kishu Inu founder Alexander Sisemore is facing three counts of wire fraud related to an alleged “rug pull” scam involving $9 million. Prosecutors allege that Sisemore secretly sold the tokens allocated to himself when the project launched while making false statements to investors. The Federal Bureau of Investigation (FBI) is currently seeking Kishu Inu investors.

A representative from Changguang Huaxin’s securities department said that Morgan Stanley’s “FCC 65%” provision is a policy scenario analysis, not a formal regulation, and merely reflects the view of one institution. The report covers 3.2T optical modules and materials, but China’s domestic 3.2T industry is still in its early stages and is not expected to see significant volume shipments until 2028–2029. Over the next two years, mainstream shipments will remain focused on 800G/1.6T products, which are also facing severe shortages. The global AI industry chain is highly interdependent. Although geopolitical competition has an impact, comprehensive decoupling is difficult. Domestic manufacturers are also making advance plans for overseas markets and other areas.

On October 8, the three major A-share indexes fell: the Shanghai Composite declined 0.79%, the Shenzhen Component Index fell 2.07%, and the ChiNext Index dropped 3.15%; the BSE 50 also declined. Trading volume was approximately 1.68 trillion yuan, with 1,698 stocks advancing and 3,748 declining; 45 hit the daily limit up and 15 hit the daily limit down. The oil and gas sector strengthened, with Shandong Molong and others rising. Solid-state battery-related stocks benefited from a new plan, with Liwang and Lingpai hitting the daily limit up. The banking sector strengthened, with ICBC and others reaching new highs. Semiconductor and AI hardware stocks weakened, with optical communications leading the decline; several stocks hit the daily limit down, while ChangXin fell more than 8% and TFC dropped over 10%.

Mars Finance reports that, according to an October 8 report by Money Today cited by IT Home, Samsung Electronics’ Mobile eXperience (MX) division has planned to cut smartphone production, with the largest reduction reaching 30% in the fourth quarter of 2026. Multiple people familiar with the IT industry said that Samsung’s MX division had notified several partners, requesting that product supply be reduced by 20% to 30%. IT Home noted that the original report did not specify whether the 30% referred to a quarter-over-quarter decrease, a year-over-year decrease, or a comparison with previously expected production. In terms of output, Samsung Electronics had originally planned to produce as many as 270 million smartphones for the year, relying on new products such as the Galaxy Z Fold8. After the substantial reduction in fourth-quarter production, total annual output is expected to fall to 2