On October 10, Bernstein's research report revealed that the capital expenditure required to build a 1GW data center using different AI accelerator architectures ranges from approximately $34.6 billion to $39.5 billion. Among these, the construction cost of NVIDIA's Vera Rubin architecture is the highest, while OpenAI's self-developed ASIC architecture, Jalapeno, is relatively lower. Bernstein significantly revised its cost expectation for NVIDIA's Rubin NVL72 single rack from $9.1 million to $7.52 million, a reduction of about 17%, primarily reflecting adjustments in expectations for HBM prices and NAND storage capacity. The report also pointed out that the main economic burden of AI data centers is not electricity costs, but rather the substantial capital expenditures and the depreciation they generate.
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Bernstein Analyzes AI Infrastructure Costs: Up to $39.5 Billion Investment per Gigawatt
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Houthi Forces Claim Saudi Airstrikes on Sana'a Airport in Yemen
On October 10, according to information released by the Houthi forces in Yemen, on the afternoon of the same day local time, the Saudi-led coalition conducted airstrikes on Sana'a International Airport, which is under the control of the Houthi forces, dropping four bombs. Additionally, the Saudi coalition also targeted a communication facility in Hajjah Province, controlled by the Houthi forces, dropping three bombs. There has been no response from the Saudi side regarding these incidents. (Jinshi) -
French Finance Committee Approves Amendments on Stablecoin Exchange Tax and Crypto Exit Tax
On October 10, Decrypt reported that the Finance Committee of the French National Assembly approved two amendments related to cryptocurrency taxation this week: starting January 1, 2027, exchanges of stablecoins regulated under MiCA will be considered taxable sales; and an exit tax will be imposed on taxpayers who have been French tax residents for at least six of the past ten years and have moved abroad with crypto assets totaling over 800,000 euros. On October 9, the committee voted 31 to 3 to reject the budget revenue portion, and the full National Assembly will review based on the government's original text. The amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20. The related measures have not yet become law. The stablecoin amendment was proposed by Nicolas Sansu, a member of the left-wing GDR party group, along with 16 co-signers, and does not set a new tax rate but aims to include the revenue under France's existing 31.4% flat tax system. The committee also passed an amendment allowing crypto asset losses to be carried forward for ten years to offset future gains. -
Luxshare Precision: Company and Luxshare Technology Involved in 337 Investigation, Currently in Initial Filing Stage
On October 10, Luxshare Precision announced that the company and its holding subsidiary, Dongguan Luxshare Technology Co., Ltd., have been listed as respondents in a 337 investigation by the U.S. International Trade Commission (ITC), involving U.S. Patent US 10,903,700. The ITC officially launched the investigation on October 9, 2026, with investigation number 337-TA-1526. The case is currently in the initial filing stage, and no substantial determination has been made regarding the relevant infringement claims. The products involved are in the customer verification stage and have not yet entered mass production. -
South Korea's Financial Commission: Shareholding Restrictions for Exchange Major Shareholders Not Targeting Specific Companies
On October 10, Lee Ik-yeon, chairman of the Financial Services Commission of South Korea, stated that the provisions regarding shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing 'Basic Law on Digital Assets' are not aimed at specific individuals or companies. Instead, they are designed to ensure that exchanges, once institutionalized, bear a higher level of public responsibility. Currently, South Korean virtual asset exchanges operate under a system that requires updates every three years, but this will transition to a licensing system after the implementation of the 'Basic Law on Digital Assets.' Lee emphasized that exchanges have infrastructure attributes and must possess public accountability and responsibility commensurate with their status. -
SVRN Acquires Infrastructure Platform FastNEAR
On October 10, it was officially announced that NEAR Treasury Company SVRN has acquired the NEAR infrastructure platform FastNEAR. FastNEAR will join SVRN as a wholly-owned subsidiary, with its co-founders Evgeny (Eugene) Kuzyakov and Mike Purvis also joining the SVRN team. The announcement stated that FastNEAR is a high-performance RPC infrastructure provider behind NEAR applications and supports most of the data layer for NEAR, including server clusters for handling network read and write operations, archival infrastructure for storing complete transaction histories, and NEARDATA, a data source for developers to process these historical records. -
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Trump Calls It Incredible Not to Win Nobel Peace Prize
On October 10, Trump posted on the Truth platform stating that he had "resolved eight wars, with two more about to end or be resolved," and rescued all Israeli hostages, including the last 28 survivors and victims, as well as releasing hundreds of hostages from around the world and sending them home. He also claimed to have "won the Venezuela war, capturing the brutal dictator ruling the country," and prevented Iran, the "number one state sponsor of terrorism," from obtaining nuclear weapons. He wrote that despite doing so much, he did not receive the Nobel Peace Prize, which is "truly incredible." -
China Securities Regulatory Commission Holds Expert Seminar on Capital Market and Financial Situation
On October 10, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), held a seminar in Beijing to engage in in-depth discussions with leaders of listed companies and experts from securities and fund institutions, gathering opinions and suggestions on the current capital market and financial situation. During the seminar, participants unanimously agreed that China's macroeconomic environment is steadily improving, the industrial structure transformation is deepening, and the capital market is operating robustly, with multi-level market functions being effectively utilized. Although facing some risks and challenges, the trend of high-quality development remains unchanged, and there is confidence in economic operations and the capital market. Additionally, the attending experts provided specific suggestions for better promoting the stable and healthy development of the capital market, which mainly include: continuously strengthening the mechanisms for market stability, further broadening the sources, channels, and methods for medium- and long-term funds to enter the market, and developing patient capital; encouraging listed companies with conditions to increase dividend repurchases and improve mechanisms for investor returns and rights protection; optimizing the issuance and listing system to support the development of high-quality enterprises from various types and industries; enhancing trading supervision and strengthening cross-border risk monitoring and response; and researching and reserving more incremental policy tools, among others. Wu Qing expressed that listed companies and industry institutions are important entities in the market and hopes that everyone will actively provide suggestions to jointly build a better capital market, which will better reward investors and contribute positively to the construction of Chinese-style modernization. Relevant officials from the CSRC also participated in the seminar. -
Changxin Technology's New Breakthrough: 4F² Architecture Products Expected by Year-End
On October 10, Changxin Memory's 4F² DRAM architecture research and development recently made significant progress. Dr. Cao Kanyu, the company's president, delivered a speech at the Fourth Integrated Chips and Chiplet Conference, providing a comprehensive overview of Changxin Memory's technological explorations and accumulations in DRAM devices, 4F² architecture, and hybrid bonding. He officially announced that a new generation of DDR5 RDIMM products, incorporating these advanced technologies, is expected to be launched by the end of the year. -
Hyperliquid Whale Holds $32.36 Million Bitcoin Short Position on 10/10 Crash Anniversary
On October 10, Bitcoin.com reported that a Hyperliquid whale holds a short position of 391.48 BTC, valued at $32.36 million, on the anniversary of the '10/10 Crash.' The average entry price is $82,863.10, utilizing 13x leverage, with an account equity of $7.19 million and a liquidation price of $99,801.20, approximately 20% higher than the current price. Data shows that this address has conducted a total of 4,726 transactions, with perpetual contracts yielding a profit of $952,000 in the past week and a maximum drawdown of 11.03%. As of the time of writing, the short position has an unrealized profit of about $75,500. On October 10, 2025, the crypto market experienced the largest liquidation event in history, clearing over $19.1 billion in leveraged positions. Bitcoin is currently priced at approximately $82,754, down about 34% from its historical peak of $126,080. According to Coinglass, if BTC rises to $85,000, around $3.3 billion in short positions will be at risk. Hyperliquid has approximately 38,040 BTC in open contracts, with this whale accounting for about 1%.
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