Analysis: Bitcoin is situated at the lower end of the new buyer's cost basis range, with upward momentum still not clearly formed

Samsung Electronics is accelerating construction of the first mass production line (Phase 1, Ph1) at its Pyeongtaek Campus 5 (P5). According to reports, Samsung is in talks with major equipment suppliers to bring forward the Ph1 equipment installation timeline from the originally scheduled third quarter of next year to the second quarter. Driven by surging demand for high-end DRAM and NAND in the AI sector, Samsung aims to speed up its capacity expansion. P5 is Samsung Electronics’ next-generation semiconductor production base, slated to launch operations in 2028. This year’s third quarter saw Samsung kick off construction of the Ph1 cleanroom, which is primarily used to control micro-pollutants and environmental conditions such as temperature and humidity inside the wafer fab. Samsung had previously planned to complete the Ph1 cleanroom at P5 by early next year, but had already advanced the timeline by roughly six months, so equipment introduction was initially expected in Q3 next year. However, Samsung’s equipment investment progress for P5 has further accelerated recently. An industry insider noted that Samsung has informed relevant parties of its plan to shift the Ph1 equipment arrival time from the original July-August next year to May-June next year. Given the early completion of the cleanroom, the project schedule had already been adjusted once before, and the overall investment pace has now quickened further.

Well-known trader Doctor Profit said he has sold all his QNT holdings to lock in profits. QNT surged from $50 to $374 in just a few days, with this rally generating substantial gains. Current market funding rates are elevated, indicating overcrowded long positions. Additionally, he observed that some large accounts have started selling privately while still urging the market to continue buying through public channels.

Insight: Beating AI Flash News – OpenAI has fixed an image encoding bug in GPT-6 Sol and GPT-6 Luna. The bug was impairing the models’ image comprehension capabilities; following the fix, visual tasks on both the API and Codex will be enhanced, including the Computer Use feature that enables agents to view screens and operate computers. In tests released by OpenAI, GPT-6 Luna (Max) saw its average Intersection over Union (IoU) on the RefCOCOg visual grounding benchmark rise from 28.8% to 60.0%, a 31.2 percentage point improvement. This test measures a model’s ability to accurately locate the corresponding object or region in an image based on a textual description. The two models only officially launched their APIs on September 22, and OpenAI documented the fix in its September 25 update log. The company did not share specific performance gains for Sol, nor did it disclose when the bug originated or how many image requests were affected. OpenAI also unusually advised developers using image inputs to rerun their evaluations and retry previously impacted workflows.

According to official announcements, Omnity Network has announced it will gradually cease operations due to depleted operating funds. The platform’s Bitcoin DeFi products, RichSwap and Satsman, will be shut down within the next 30 days. The team urged RichSwap liquidity providers to withdraw their liquidity as soon as possible, stating that it will upgrade smart contracts to remove existing lock-up restrictions, allowing users to access their funds without limitations. A detailed operational timeline and liquidity withdrawal guide will be released in the near future. Omnity added that support channels will remain open for 30 days during the transition period to assist users with relevant operations. Though the project is winding down, core team members will continue to support the Bitcoin ecosystem and plan to participate in its development through personal efforts and developer collaboration organizations.

According to Bitget’s market data, spot gold has fallen below $4,200 per ounce for the first time since August 5, with an intraday decline of 2%.

Digital Asset reports that South Korea’s Financial Services Commission (FSC) is studying the introduction of a market maker system for the virtual asset (digital asset) market. As the current Virtual Asset User Protection Act bans market making activities, the discussions are interpreted as the FSC’s plan to allow such activities in the second phase of its digital asset legislation. Yoo Young-joon, Director of Digital Financial Policy at the FSC, stated on September 28 that the agency will study introducing relevant systems including market making to boost the efficiency and stability of the digital asset market. Currently, the Virtual Asset User Protection Act does not provide exceptions for market making, so such actions may be classified as unfair trading practices like market manipulation and thus restricted. Yoo also noted that the future digital asset basic law will likely strengthen oversight over exchanges, fair trading, corporate governance, and conflicts of interest, while promoting the diversification of the digital asset industry. Specific measures include expanding businesses such as custody, trading, brokerage, asset management, and investment advisory, establishing a digital asset issuance and disclosure framework, advancing the won-denominated stablecoin, and enhancing user protection. Core functions of exchanges—including order matching, token listing, and abnormal transaction monitoring—may also gradually shift from the current self-regulatory framework to the public regulatory system.