CT surges over 48% in the short term, its FDV climbs to $300 million.

According to TradingBeats' monitoring, the ETH short position at address 0xb15b…dbae saw another partial liquidation in the afternoon, with around 1,416 ETH forcibly liquidated, a liquidation turnover of approximately $3.46 million, and a corresponding realized spread loss of about $112,000. Earlier that day, the address had already undergone three partial liquidations, totaling roughly 6,747 ETH liquidated, with a total liquidation turnover of $16.32 million. As of press time, the address still holds around 5,663 ETH short positions, with a position value of approximately $13.76 million, an average entry price of $2,365.86, and an unrealized loss of roughly $362,000. The current position uses 25x full leverage, with a liquidation price of about $2,452.74.

ARK Invest founder Cathie Wood recently stated that memory chips have entered a buy zone, adding that the rapid rise in memory prices and the impact of falling electronics sales have already been partially priced into stocks. In contrast, Michael Hartnett, Chief Investment Strategist at Bank of America Global Research, pointed out that the end of market sell signals does not mark the arrival of a buying opportunity, as two key prerequisites for a return to risk assets remain unmet. The surge in memory chip prices is mainly driven by AI servers crowding out production capacity, with original manufacturers shifting more output to high-bandwidth memory (HBM) and server DDR5, resulting in tightened supply for consumer-grade memory. According to TrendForce data, DRAM contract prices are projected to rise 90%–95% quarter-on-quarter in Q1 2026 and 58%–63% in Q2 2026, while NAND Flash contract prices will increase 55%–60% and 70%–75% respectively in the same periods. Soaring memory costs have also begun to impact the consumer electronics supply chain. Citing IDC data, global smartphone shipments in Q3 2026 fell 22% year-on-year to 255.3 million units. Memory original equipment manufacturers (OEMs) benefit from the price hikes, while end-device brands face the dual challenges of rising costs and weak sales. Key areas to monitor going forward include whether DRAM/NAND contract price gains continue to narrow, whether declines in smartphone and PC shipments improve, whether memory’s share of end-device material costs has peaked, and whether memory OEMs will reallocate production capacity to consumer-grade products.

Full-chain Rollup L1 network Initia announced that due to Circle’s upcoming shutdown of USDC on Noble, USDC on Initia will be migrated to Injective. Initia Labs has developed a Redemption Vault, so users do not need to take any action. Existing USDC.n will remain functional; newly deposited USDC will arrive as USDC.inj, and outgoing USDC.n will be automatically redeemed to USDC.inj via the vault and sent to the intended address. Applications may gradually transition from USDC.n to USDC.inj, and users can also swap at a 1:1 ratio via the Initia Wallet. Initia stated that after January 12, 2027, only Noble USDC held in wallets will be eligible for redemption from Circle, at which point USDC.n on Initia will no longer be redeemable. The vault allows USDC.n holders to avoid rushing to act before the Noble CCTP deprecation deadline. The full proposal is published on Initia Scan.

Elon Musk plans to give one share of SpaceX stock to every child in the U.S. next year. Calculated based on SpaceX’s October 16 closing price of $146.03, the total value of the shares would be around $10.222 billion if covering roughly 70 million children, and about $10.714 billion if covering the 73.37 million eligible children estimated by the U.S. Treasury for 2026. The White House announced on October 7 that nearly 70 million "Trump accounts" have been established, with over 60 million created via automatic registration. If the share gifting plan is implemented through these accounts, the existing account count can serve as a preliminary estimate. All amounts are calculated at current stock prices; the actual scale of the share gifts and their total value depend on the final number of recipients, the implementation plan, and the stock price at delivery.

According to market data from BIT (Bit.com), the optical communication sector of US stocks posted broad gains during pre-market trading. Key movers include: Coherent up 3.49%, Marvell Technology rising 3.25%, Lumentum increasing 3.15%, Corning climbing 2.90%, and Broadcom advancing 2.13%. The storage sector also saw broad gains, with SK Hynix gaining 3.60%, SanDisk rising 3.44%, Micron up 2.40%, Seagate Technology advancing 2.18%, and Western Digital climbing 2.03%.

According to market data from BIT (Bit.com), Intel’s US stock rose nearly 4% in pre-market trading, after JPMorgan Chase upgraded its rating on the company from Underweight to Neutral.