Fu Peng: Beneath the strong facade of U.S. stocks, risks are teetering on the brink; once the breadth limit is triggered, volatility may rebound rapidly.

Binance Wallet announced the launch of its CopyTrade feature on social media. Users can select wallet addresses from a leaderboard or paste any address, set the investment amount and take-profit/stop-loss parameters, after which the wallet will automatically execute copy trades, with the option to start or stop at any time. The feature supports copy trading of Meme tokens, bStocks tokens, and any other tokens.

Chinese Foreign Ministry Spokesperson Mao Ning chaired a regular press conference. An Agence France-Presse (AFP) reporter asked: The US government has ordered its federal agencies to halt the use of Chinese AI products including DeepSeek, citing risks of potential sensitive data transfer. What is China's comment on this? Mao Ning stated that China consistently opposes the overgeneralization of the national security concept and the politicization of tech and economic and trade issues. China will firmly safeguard the legitimate rights and interests of Chinese enterprises. (Source: Beijing Daily)

JPMorgan Chase estimated on Tuesday that most global banks have limited exposure to CoreWeave (CRWV.O), the Nvidia-backed cloud computing firm, after its stock and bonds plummeted last week amid investor concerns over its debt financing. While major U.S. investment banks and Japan’s Mitsubishi UFJ Financial Group may hold potential exposure to CoreWeave of between $1 billion and $3 billion, most European and Asian lenders have exposure of less than $500 million. Most of this exposure comes via delayed-draw term loans, which are primarily held through special purpose entities, with funds disbursed upon the achievement of project milestones. From the lending banks’ perspective, JPMorgan views the sector’s exposure to CoreWeave as well-managed and backed by robust collateral.

According to official announcements, Bitget will list Axis Robotics (AXIS) spot trading on its AI Zone. Deposits are now open, and trading will launch at 21:00 UTC+8 on October 21.

Beating AI News Flash: OpenAI’s 28-day product sprint is now on Day 15. Tibo first shared a ramen-cooking show titled "COOKED" with the caption "We're cooked" (literally meaning "we’re done for"). About 11 hours later, Tibo backtracked, posting: "Never mind, we’re still working on it… here’s another quota reset, enjoy." This round of reset has now taken effect.

Goldman Sachs released a new research report, maintaining its "Buy" rating for ChangXin Memory Technologies and slightly raising its 12-month target price from RMB 129 to RMB 130. The direct catalyst for the hike is ChangXin's disclosed third-quarter earnings preview: Goldman Sachs projects the company's Q3 revenue will range between RMB 115 billion and RMB 120 billion, marking a 15% to 20% quarter-over-quarter increase, with the midpoint roughly 30% higher than Goldman's prior forecast. This better-than-expected guidance, coupled with the company's announcement that its 5th-generation DRAM technology platform (G5) will enter mass production in September 2026, further reinforced Goldman Sachs analysts' confidence in ChangXin's medium- and long-term growth thesis. Accordingly, Goldman raised the company's profit forecasts for 2026 to 2030, and labeled it a core beneficiary amid China's DRAM demand upcycle. The company's current share price stands at around RMB 40, implying an upside potential of as high as 225% based on Goldman's target price. Notably, ChangXin's share has fallen sharply recently, with its current market capitalization dropping below RMB 3 trillion.