The "outsourcing trap" of the FDE model and the flywheel impasse: a life-or-death race for asset accumulation.

BlockBeats reported on September 8 that Abraxas Capital bought another 13,000 ETH in the spot market. According to BlockBeats On-chain Detection, the purchase was made to hedge its short position of 141,180 ETH on Hyperliquid. The short position was valued at about $353 million.

The People's Bank of China conducted RMB 1 billion of seven-day reverse repo operations at an unchanged rate of 1.4% today, according to ETNet. With RMB 5 billion of reverse repos maturing today, the central bank recorded a net drain of RMB 4 billion from the open market.

Pateo Connects (02889) fell 10.3% to HK$126, extending its decline to two days and bringing the cumulative drop to 13.3%, according to ETNet. The stock traded about 20,000 shares, worth HK$3.07 million. The company said it has signed a placement agreement to sell up to about 4.89 million new shares to no fewer than six placees at HK$120.28 each, a 14.39% discount to the previous close of HK$140.5. The placement is expected to raise net proceeds of about HK$588 million. After completion, the new shares will account for about 2.93% of the enlarged issued share capital, while public float in the H shares is expected to fall from 41.57% to 40.35%. Pateo Connects said about 40% of the proceeds will be used for strategic mergers and acquisitions and investments, including optical communications, semiconductors and AI agents, while 60% will go to general corporate purposes such as working capital, share buybacks and bank debt repayment.

China Overseas Land & Investment (00688) fell 2.2% to HK$12.63 as the company proposed spinning off and separately listing a publicly offered commercial real estate investment trust on the Shenzhen Stock Exchange, according to ETNet. The fund is expected to raise a total of RMB 1.534 billion, and China Overseas plans to subscribe for 20% of the fund units. The underlying asset is the Foshan Qian Deng Lake Huanyu City shopping mall project in Nanhai District, Foshan, Guangdong. After the spin-off, the REIT will no longer be a subsidiary of China Overseas and will not be consolidated into the group’s financial statements. China Overseas said the REIT would provide another form of equity financing, reduce reliance on traditional debt funding, help activate commercial property assets, and avoid the adverse effects of long payback periods and low asset turnover in commercial property investment.

Powerchip, KYEC and Sigurd all reported year-on-year and month-on-month revenue growth in August, with Powerchip and Sigurd posting record highs for the second straight month. According to ChainCatcher, Powerchip’s August consolidated revenue reached NT$8.558 billion, up 3.48% from July and 24.46% from a year earlier, while cumulative revenue for the first eight months rose 30.83% year on year to NT$61.258 billion. KYEC reported August revenue of NT$4.08 billion, up 2.23% month on month and 31.58% year on year, with first-eight-month revenue climbing 35.53% to NT$29.404 billion. Sigurd posted August revenue of NT$2.07 billion, up nearly 3% from July and nearly 29% from a year earlier, while cumulative revenue for the first eight months increased more than 20% to NT$15.26 billion. Powerchip said its main growth driver this year remains recovering demand for memory packaging and testing. The company previously expected third-quarter revenue to rise by a single-digit percentage from the previous quarter and said fourth-quarter revenue could exceed third-quarter levels, with memory order momentum likely to continue through year-end and market conditions expected to improve in early next year. Beyond its memory business, Powerchip said advanced packaging is a key focus for its next stage of development. Its panel-level packaging has been adopted by a U.S. customer, and the customer has booked capacity at its P11 plant. The company plans to enter mass production of AI chips integrating ASIC and HBM in mid-2027. KYEC has been expanding high-end testing capacity in recent years, with AI-related products becoming an important driver of operations. Demand for testing AI GPUs, ASICs and high-performance computing chips remains a major source of growth. Sigurd said strong demand for AI and high-speed interconnect products, including CPUs, GPUs, ASICs and AI accelerators, is boosting orders. The company said its newly acquired Hukou facility completed cleanroom construction in February, began mass production in July, and is now operating at 40% of total capacity.

OpenAI Korea General Manager Kim Kyung-hoon said the productivity gap between the top 10% of AI application companies and mid-tier companies widened from 2.6 times to 8.6 times between January and June this year. According to ChainCatcher, he said the gap in manufacturing also reached 5.3 times. Kim said the key factor behind the widening gap is connectivity, noting that 21% of employees at leading companies use AI plugins connected to business systems each week, compared with 9% at ordinary companies. He also outlined a three-step enterprise AI transformation approach focused on connection, delegation, and retention, and said companies should redesign business processes rather than simply adopt AI tools.

A trader bought 1,650 ETH at $2,417 each on September 3 and sold the position nine hours ago at $2,474 each, making a profit of $108,000. According to Odaily, the address has completed five consecutive swing trades since July, with each trade involving about $4 million.

According to Jin10, DBS Group research analysts said MINISO's core profit in 2026-2027 may come under pressure because overseas sales growth is slower than expected and margin dilution from directly operated stores is larger than expected. The analysts cut their 2026-2027 core profit forecasts by 23%-32% and lowered the ADR target price from $20 to $12, while keeping a buy rating.

A cross-analysis from the OpenAI sandbox breakthrough to stablecoin legislation and bank tokenized deposits.

UBS currently expects the Federal Reserve to raise interest rates twice this year, and the macroeconomic headwinds facing Bitcoin will continue until December.

The probability of a Federal Reserve rate hike in September has risen to approximately 60%. UBS released an investment strategy, advising investors to take advantage of market volatility to buy stocks on dips, capitalize on opportunities arising from rising medium- to long-term bond yields, and establish hedging positions when gold prices pull back.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3175, providing you with the latest and fastest news on the digital currency and blockchain industry.

While AMC and Robinhood are still locked in a war of words, Solana has already replicated this "crypto-stock pairing" strategy.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Cryptocurrency-equity trading has begun to have a significant impact on the prices of US stocks in the real market, and this impact means that the traditional forces that hold pricing power in the secondary market are beginning to be eroded and weakened.

Robinhood, Robinhood's collection of useful tools: one-stop solution for trading, monitoring, and analysis. Golden Finance: How to effectively utilize these tools to find the next on-chain alpha?

The three Meme coins, priced as tokenized stocks, illustrate who truly controls a short squeeze.