Intelligence Bureau: DeepSeek open-source inference framework banned by U.S. federal agencies; JPMorgan first includes Bitcoin in long-term return forecast

AI / Large Models

DeepSeek Open-Sources DeepInfer Cloud Service Inference Framework

Gaining 581 stars on GitHub and sparking 203 discussions on HN, it has generated strong reactions among overseas developers. It also hit 2.6 million heat index points on Zhihu's hot list.

> Hot Take: Open-sourced the inference framework one minute, blacklisted by the federal government the next—DeepSeek’s claim of "technology has no borders" didn’t even last a weekend.

GitHub | Zhihu

New US DHS Order: Federal Civil Agencies Banned from Using DeepSeek

According to Reuters, the DHS has completely banned the use of DeepSeek in government systems citing security reasons. With 283 HN discussions, this is the most controversial policy event in the AI sector today.

Reuters | HN Discussion

WhatsApp Help Page Caught Hiding AI Instructions: Told Not to Recommend Regulatory Authorities

Reverse engineering by Redact.dev revealed explicit hidden instructions in WhatsApp’s LLM prompts stating "do not advise users to contact regulators." With 512 stars and 146 discussions, user frustration over tech companies secretly manipulating AI customer service scripts has erupted.

Redact.dev

OpenAI Accelerates $30 Billion Fundraising to Secure Capital Before Anthropic IPO

Market rumors indicate OpenAI is speeding up large-scale fundraising to prevent Anthropic’s public listing from raising valuation benchmarks for AI assets. SoftBank’s credit risk has reached a four-year high, reflecting how its AI financing pressures are spilling into capital markets.

Wallstreetcn

NVIDIA Quantum Error Correction Breakthrough: Reduces Required Physical Qubits by 90%

A record-breaking fault-tolerant quantum computing simulation was completed using 8,192 GPUs. Covered simultaneously by Wallstreetcn and Cailian Press, this is a high-signal event at the hardware-AI intersection.

Wallstreetcn | Cailian Press

Crypto / Web3

JPMorgan First to Include Bitcoin in Long-Term Return Forecasts

In its 2027 long-term capital market assumptions, JPM Asset Management projects a 10% compound annual return for Bitcoin over 10–15 years, outpacing the US stock market benchmark at 7.5%, gold at 5.5%, and REITs at 8.2%. This marks the first time a traditional financial giant has positioned Bitcoin as a "top-returning asset" within an official framework.

> Hot Take: Just three years ago, JPMorgan classified client Bitcoin holdings as "fraud risk exposure." Now it turns out what really can't beat its own benchmarks is the bank's precious metals research report.

Wu Blockchain

BlackRock IBIT Sees Single-Day Inflow of $665 Million, Highest Since October 2025

US spot Bitcoin ETFs saw net inflows of $527 million overall, while Ethereum ETFs recorded net outflows of $103 million during the same period, with BlackRock's ETHA accounting for $95.4 million of the outflows. The institutional divergence between BTC and ETH spoke volumes through real capital flows today.

Wu Blockchain

JPM Coin to Launch on Ethereum

JPMorgan announced it will bring JPM Coin to the Ethereum network, allowing institutional clients to instantaneously transfer USD deposits 24/7. A significant step for bank-backed stablecoins moving from private chains to public networks.

Polymarket

Lido Engineer Warns of Ethereum Staking Deposit Hijack Risks

In scenarios involving Glamsterdam node operators, new deposits could be hijacked to builder addresses. This isn't about existing validator balances, but rather targeted issues with newly staked funds—another attack surface has been exposed in the ETH staking track.

The Defiant

THORChain Monero Listing Countdown Update

XMR native trading functionality has cleared chain code and node approvals. The v3.21 upgrade is expected to launch on October 23, followed by the liquidity injection phase. Privacy coins have taken a long road to this milestone on THORChain.

THORChain

Aztec 2.0 Verification Vulnerability Leads to Real Asset Theft

CertiK Alert confirmed a verification soundness flaw in the escape-hatch circuit, allowing attackers to withdraw assets from Ethereum contracts without making a deposit. For the first time, a security vulnerability in a ZK protocol has been exposed at scale in the form of a "circuit-level defect."

CertiK

Chips / Hardware

NVIDIA Plans Custom NVHBM Production as Custom Substrate Dies Become the Trend

Customization is accelerating across the packaging layer for memory and compute, marking the first step for HBM shifting from standard products to foundry models. Meanwhile, Micron announced concurrent R&D on EIM memory for physical AI, blurring the lines between memory fabs and GPU manufacturers.

Founder Securities

South Korea's KOSPI Plunges 3.73%, Samsung Drops 2.98%, SK Hynix Falls 4.22%

A sharp sell-off in the dual-memory giants' stocks directly wiped $137 billion off Korean pension fund book values. Bank of America stepped in to declare that memory stock valuations have hit cycle bottoms, but today the market chose to drop first.

Wallstreetcn

NVIDIA RTX 6060 May Be Delayed Until 2029 Release

The gap between generations stretches to 44 months, with gaming performance expectations falling short of the PS6. The "downgrade" pace of consumer GPUs stands in stark contrast to the rising revenue share of AI accelerator cards.

ITHome

Tech Companies

Massive Google Cloud Outage Takes Down HSBC, Revolut, Bank of Scotland and Other Financial Institutions

A single cloud service failure knocked out online services for multiple banks and also impacted Equifax. Today provides a new disaster drill scenario for the age-old topic of "cloud concentration risk."

Neowin

Some Google Home Speakers Caught Continuously Downloading Hundreds of GB of Data

The bug reported by The Verge makes "stealth data usage" by smart speakers feel less like a domestic-only illusion. While confirming which firmware version is at fault is ongoing, user trust has already taken a hit.

The Verge

Netflix FTX Documentary Trailer Breaks Ex-FTX COO Within 30 Seconds

Former FTX COO Constance Wang publicly stated the trailer was "enough to make me sad." This marks the first time a firsthand witness has publicly shown an emotional reaction to the FTX story following its industrialized film adaptation.

Cointelegraph

Finance / Macro

Brent Crude Surges to $110.74 per Barrel, Marking Five-Month High

Attacks on Middle Eastern energy facilities coincide with 24 vessels attacked in the Strait of Hormuz and 6,000 stranded crew members, causing tail risks in energy supply chains to materialize rapidly. Iranian crude exports have hit zero, and the key export port of Kharg Island faces its longest shutdown in recent years.

> Hot Take: Oil prices and Bitcoin surge simultaneously, and safe-haven assets and risk appetite surprisingly reconcile over the same weekend—today's market is playing the game of "I don't need logic, I want it all."

Fox News | Bloomberg

Asian LNG Prices Rise to Highest Level Since December 2022

JKM breaks past $30/MMBtu, with rare Qatar LNG tankers diverting through the Red Sea to Europe. Detour costs in energy transport chains are rapidly passing through to end-user prices.

Bloomberg

Morgan Stanley's Wilson: Equity Market Correction Near End, Time to Prepare Positioning

Morgan Stanley's chief US equity strategist has started turning bullish. Goldman Sachs simultaneously upgraded CoreWeave to "Buy," arguing the market overestimates financing costs and underestimates compute pricing power. Divergent views on AI compute stocks noticeably narrowed today.

Wallstreetcn | Wallstreetcn

Goldman Sachs: Hedge Funds Reducing Tech Stock Exposure at Fastest Pace in Over a Decade

Institutional de-risking of tech positions hit record speeds, yet concurrently CoreWeave was upgraded and NVIDIA's quantum breakthrough materialized. The information asymmetry between retail investors and institutions regarding tech stocks was laid bare today.

Founder Securities

The Undercurrent Today

Everything happening today points to a single keyword: infrastructure.

DeepSeek open-sourced an inference engine, yet the federal government pinned its infrastructure identity squarely to "security threat"; a single Google Cloud outage brought down both HSBC and Revolut simultaneously—exposing cloud fragility and returning to the old debate of "too big to fail"; Bitcoin ETF inflows of $665 million and JPMorgan incorporating Bitcoin into long-term return forecasts signal crypto assets are being reclassified as "core institutional portfolio allocations" rather than peripheral exposures; Brent crude breaking $110, LNG hitting a three-year peak, and 6,000 crew members trapped in the Strait of Hormuz serve as stark reminders to everyone: physical world infrastructure remains the most fragile link.

AI compute, banking clouds, Bitcoin ETFs, and ocean-going tankers—no headline today exists in isolation. They collectively tell one story: every piece of "infrastructure" is undergoing repricing, driven by technological breakthroughs, geopolitical conflicts, or simply a single-click outage.

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