On October 13, Tom Lee, chairman of BitMine, expressed that the significant decline in the South Korean stock market may be spreading to the crypto market. Margin liquidations in the South Korean securities market could trigger a chain reaction, as South Korean investors are a key holding group in cryptocurrencies. The market may face growing pains in the short term.

On October 13, several participants in the transaction indicated that the large model company DeepSeek is set to complete its latest round of financing soon, with the amount increasing from the previously planned 50 billion yuan to approximately 100 billion yuan. This marks DeepSeek's second round of financing, with the intended amount doubling in less than half a month. The investment amounts from new and existing shareholders are expected to be roughly equal. The doubling of the financing scale has not affected the overall valuation, which remains at approximately 500 billion yuan pre-financing. New investors in this round include Stone Creek Capital, SMIC Juyuan, CPE Yuanfeng, Legend Capital, and Geely, primarily consisting of industrial investors. (Finance Magazine) (Jin Ten)

Market data shows that BTC has fallen below $82,000, currently priced at $81,991.88, with a 24-hour decline of 2.05%. The market is experiencing significant volatility, so please ensure proper risk management.

Market data shows that BTC has fallen below $82,000, currently priced at $81,993.15, with a 24-hour decline of 2.08%. The market is experiencing significant volatility, so please ensure proper risk management.

On October 13, Federal Reserve's Harker stated that interest rates need to be raised further; he favors smaller increments with more frequent hikes; the current policy is not restrictive enough; the pace of inflation returning to target is too slow, and the risks of high inflation are still rising.

On October 12, according to Jinshi News, investors have been withdrawing from U.S. mortgage bond funds at a historically unprecedented pace over the past three weeks, with the outflows ranking among the seven most severe since early 2021. As interest rates soar, investors are seeking to avoid market volatility risks. The U.S. mortgage-backed securities index recorded its second-worst monthly performance on record in September. Previously, U.S. Treasury yields surged to decades-high levels due to rising oil prices, heightened inflation concerns, and market expectations of a Fed rate hike, triggering a sell-off in mortgage bonds. MBS are highly sensitive to sudden fluctuations in bond yields, as yields serve as the pricing benchmark for borrowing costs across the entire economic system. When interest rates rise, homeowners typically stop refinancing their mortgages, leading investors to hold low-yield securities for longer than previously expected. Strategist Erica Adelberg noted that the Fed's tightening of monetary policy and the flattening yield curve could weaken demand from banks, a significant buyer of MBS. On the positive side, as mortgage rates reach their highest levels since 2023, refinancing and home-buying demand may be suppressed, potentially slowing the growth of home prices and loan volumes. MBS supply is expected to decline before the end of the year.

On October 12, WTI crude oil surpassed $94 per barrel, increasing by 2.35% during the day.

Market news: Kazakhstan has started selling gold following the increase in US Treasury yields.

On October 12, The Information reported that OpenAI is exploring the possibility of re-launching the Sora video generation model and is in discussions with a stealth startup focused on AI video technology for filmmaking. The report noted that OpenAI had previously paused the development of the Sora model and its accompanying TikTok-like video application as part of a plan to cut high server consumption 'side projects.' Meanwhile, competitors like xAI and Google continue to advance AI video generation technology.

On October 12, Hua Xia Fund Management Co., Ltd. announced that Yu Xin Semiconductor will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market on October 13, 2026. Some of the company's ETFs participated in the online/offline subscription for this issuance, valuing the stock at an issue price of 12.01 yuan per share before its listing. There will be no price fluctuation limits for the first five trading days after the listing. On the first day of listing, the IOPV of the related ETFs will only reflect the issue price and not account for stock price fluctuations, which may result in differences from the net asset value of the fund shares on that day. Investors are advised to pay attention to investment risks.