FlashPANews
Kioxia Posts Nearly 2 Trillion Yen in Q2 Operating Profit, Q3 Guidance Falls Short of Expectations
Japanese memory chip manufacturer Kioxia released its financial results for the second quarter of fiscal 2026 (July to September), recording revenue of 2.48 trillion yen, up 40.3% quarter-on-quarter. Operating profit reached approximately 1.995 trillion yen, representing a 57.1% quarter-on-quarter increase and slightly exceeding the market consensus of 1.95 trillion yen. Kioxia forecasts third-quarter operating profit of around 2 trillion yen, which is below the market expectation of 2.35 trillion yen, and announced an interim dividend of 90 yen per share. Surging demand for AI data storage has driven Kioxia's profit growth.
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View allTrump on the Iran War: It Will End Very Soon, Iran Must Reach an Agreement
U.S. President Trump stated again that "the Iran war will end very soon, by whatever means," without specifying how this will be achieved. He added that "we don't know who to talk to, many Iranian leaders are no longer around." He reaffirmed that "Iran must reach an agreement. We need guarantees that Iran will never possess nuclear weapons." Trump previously stated that the United States will not strike Iran before the election.
Changpeng Zhao: Traditional Financial Markets Posted Larger Losses Than Crypto Markets Today, Bitcoin's Resilience Is Remarkable
Changpeng Zhao (CZ) posted on the X platform that traditional financial markets have seen larger declines than crypto markets today. Historically, downturns in traditional finance tend to drag down crypto markets as investors sell off assets to secure cash, making Bitcoin's demonstrated resilience particularly remarkable.
Deutsche Bank: The AI Dollar Era Has Arrived, and the Safe-Haven Attribute of the U.S. Dollar Is Weakening
Deutsche Bank states that AI-driven market adjustments may alter the traditional relationship between the U.S. dollar and U.S. stocks, and the U.S. dollar is no longer necessarily a safe-haven asset. The recent simultaneous weakness of tech stocks and the U.S. dollar reflects that the risks facing the U.S. dollar are more two-way than previously priced by the market. One of the reasons is that overseas investors hold an unprecedented scale of U.S. stock investments. Currently, overseas investors hold more than $20 trillion in U.S. stocks, with approximately 90% of the asset growth coming from rising stock prices rather than new purchases. Another key factor is the change in equity hedging mechanisms. Over the past decade, the U.S. stock market and the U.S. dollar have exhibited a negative correlation, which has provided significant incentives for investors not to hedge foreign exchange risks. Once the U.S. stock market suffers a shock due to domestic factors, the U.S. dollar may decline in tandem with U.S. stocks, exacerbating losses for overseas investors.
Binance Launches Stolen Asset Backfill, Deploys Over $6.34 Billion in Own Capital to Complete Proof of Reserves Alignment
Asset Backfill Progress and Capital Protection Arrangements<p>Binance has officially initiated the backfill process for assets stolen in this security incident, and plans to use over $6.34 billion of the company's own capital to fully cover all stolen losses, ensuring user assets remain unaffected by this event. Corresponding tokens valued at over $5 billion have already been secured, and the remaining gap is being simultaneously purchased via public market trading and over-the-counter (OTC) channels to ensure every backfilled token is a perfect one-to-one match for the affected stolen tokens.</p><p>Due to the low market liquidity of some involved altcoins, the settlement process for over-the-counter transactions requires a certain processing period. The overall asset backfill is expected to take a relatively long time, and relevant progress will be continuously advanced. The allocated backfill capital amount does not yet include the previously successfully frozen or protected assets involved in the incident.</p><p>As of the current time, approximately $3 billion of related stolen assets have been successfully frozen. Binance is concurrently conducting in-depth collaboration with industry partners and law enforcement agencies across jurisdictions to continuously advance the recovery of remaining stolen assets. For any subsequent verified remaining asset gaps, Binance will continue to deploy the company's own resources to make up the difference. All user holdings can be verified through the official Proof of Reserves (POR) channel.</p>
After his ETH long position was liquidated, Machi Brother re-deposited 250,000 USDC to open $5.88 million in long positions
Per on-chain analyst Yu Jin's monitoring, the ETH long position of Machi Brother (Jeffrey Huang) was fully liquidated during the early morning market dip triggered by the Binance security incident. He subsequently deposited 250,000 USDC into Hyperliquid to re-establish long positions, which currently total $5.88 million in value, covering ETH, HYPE and BTC. Due to high leverage, the liquidation price of his ETH position stands at $2161, approximately $86 away from the current market price. Data shows that Machi Brother has traded on Hyperliquid for nearly a year and a half, recording a cumulative trading volume of $15.86 billion and a total accumulated loss of $37.05 million.
