Reports said CXMT is pushing to enter the NAND flash market as demand for eSSDs for AI servers surges. SK Hynix subsidiary Solidigm is weighing a new NAND plant in the U.S. as it seeks to diversify its production base and supply chain. Samsung Electronics and SK Hynix continue to rank No. 1 and No….
China-linked meme coin Niulai jumped about 40% on news of a Binance listing. Niulai’s market capitalization surged to a record $147 million immediately after the listing announcement. Seed Tag will be applied to Niulai, and Binance previously offered up to 10x leverage trading. Forecast Trend Report by Period See more mid- to long-term trend analysis…
A woman in Hong Kong who owned multiple properties has lost HK$10 million (US$1.3 million) after being scammed by a fraudster posing as a prospective tenant. The force revealed on Friday that the 64-year-old retiree, whose properties consisted of residential, commercial and parking spaces, was contacted via WhatsApp by a scammer in May in response…
Hong Kong police have arrested a 67-year-old woman who posed as a prospective tenant to swindle two property owners out of HK$4.3 million (US$510,008) in a virtual currency investment scam. Investigators from the Western district crime squad said on Wednesday that the suspect had contacted two victims — who were separately advertising a flat and…
Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group…
The number of reported technology-based crimes in Hong Kong dipped over the past year, but financial losses from hacking more than doubled to HK$62.6 million (US$8 million), prompting police to urge companies to bolster their cybersecurity checks. Carmen Leung Oi-lam, senior superintendent of the force’s cybersecurity and technology crime bureau, attributed the surge in money…
A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang,…
The White House said China had targeted US artificial intelligence (AI) technology for theft. It said advanced US AI systems faced the risk of proprietary information being extracted through proxy accounts and jailbreaking techniques. The US administration said it was reviewing information-sharing with US AI companies and accountability measures to respond to industrial-scale technology theft…
The US raised allegations of technology theft, taking issue with China’s attempt to improperly secure core AI-related technologies. The allegations came as US-China competition over advanced semiconductors and AI intensifies. Market participants are watching the impact of the US-China technology rivalry on the broader semiconductor and AI industries and the possibility of additional sanctions. Forecast…
Prediction market platforms offering diverse gambling options and attractive odds are surging in popularity, observers have said, warning about payout risks amid Hong Kong authorities halting plans to legalise basketball betting. They also said on Tuesday that Hong Kong residents who took part in these platforms, which use cryptocurrency for transactions, could be breaking gambling…