DeepSeek's new model, coupled with AI financing concerns, has led to continuous declines in Asian chip stocks.

According to Bitget's market data, South Korea's KOSPI index posted an intraday gain of 1.00%.

According to monitoring by Onchain Lens, a crypto whale has staked a total of roughly 500,000 HYPE tokens over the past 24 hours, valued at approximately $38.92 million. The latest stake alone amounts to 399,994 HYPE tokens, worth around $30.92 million. Notably, this whale had previously unstaked its holdings two months ago.

Beating AI News Flash: Before Character.AI filed for bankruptcy, Disney had already extended job offers to 66 of its employees. 56 have left the company, while 10 are awaiting work visa adjustments. According to bankruptcy court documents, Disney plans to invest approximately $180 million in these employees over the next three years, including $30 million in retention bonuses. In comparison, Disney’s bid for some of Character.AI’s technology and patents is only $20 million, in exchange for permanent, non-exclusive usage rights. The agreement explicitly excludes existing apps, brands, user chat logs, and finished models; Disney does not intend to take over the entire chat platform. When Character.AI filed for bankruptcy, it only had 18 full-time employees left, 10 of whom are still waiting to join Disney. The company expects only 8 employees will remain through critical bankruptcy stages, with around 6 handling security-related work. Due to staffing shortages, Disney will also temporarily recall some employees who have transitioned roles to help maintain operations on the original platform. Meanwhile, 40 U.S. state attorneys general have intervened in the bankruptcy process, demanding protection of users’ private chat logs to prevent the data from being misused after asset sales. Other bidders may submit acquisition offers by November 20. If no party agrees to continue operations, Character.AI will shut down its services.

TD Cowen said it has lowered its price target for Cerebras Systems from $275 to $175, and cut Intel (INTC.O)’s price target from $115 to $95.

According to monitoring by Onchain Lens, a whale has withdrawn a total of 246,800 LINK tokens from Binance over the past four days, valued at approximately $3.01 million. It withdrew 182,160 LINK in the past 24 hours, worth around $2.18 million, with the latest withdrawal amounting to 67,560 LINK, valued at roughly $808,400.

Compared to 00:00 today, the main mapped contracts of SK Hynix, Micron, and SanDisk rebounded by approximately 5.24%, 4.26%, and 6.11% respectively. The total open interest nominal value of these contracts stands at around $881 million. SK Hynix’s Korean stock mapped contract SKHX is currently quoted at $940.60, with an open interest nominal value of approximately $384 million; its ADR mapped contract SKHY rose around 4.78% over the same period, currently priced at $139.72, with a position nominal value of approximately $200 million, bringing the combined nominal value of the two contracts to roughly $584 million. Micron’s MU contract is currently quoted at $897.74, with a position nominal value of around $163 million. SanDisk’s SNDK contract is currently quoted at $1,336.40, with a combined position nominal value of approximately $134 million across two markets: Trade.xyz and Entropy, including roughly $126 million on Trade.xyz and $7.9 million on Entropy.