ESWIN Computing has passed its Hong Kong listing hearing after three filing attempts, moving a step closer to becoming what its prospectus positions as the first RISC-V-focused listing in Hong Kong. The company is tied to Wang Dongsheng, founder of BOE Technology, whose first major industry wager helped build China’s LCD panel champion and whose second venture is now centered on chips and computing infrastructure. The listing documents show a business with rising revenue but persistent losses. ESWIN Computing posted revenue of RMB 1.752 billion, RMB 2.025 billion, and RMB 2.431 billion from 2023 to 2025, while net losses over the same period came to RMB 1.837 billion, RMB 1.547 billion, and RMB 1.516 billion, totaling RMB 4.9 billion over three years. Its human-machine interaction chips, still closely tied to display-related demand, remained the main revenue source in 2025, while interconnect and computing chips grew faster but from a smaller base. The prospectus also highlights two issues investors will likely focus on after the hearing: customer concentration and commercialization of the RISC-V ecosystem. ESWIN disclosed that its largest customer contributed 82.1%, 76.8%, and 64.6% of revenue from 2023 to 2025. At the same time, the company is trying to build a broader software and hardware ecosystem around RISC-V through its RISAA platform and the broader RDI concept.

Yangtze Memory Technologies Co. (YMTC) has moved one step closer to a STAR Market listing after the Shanghai Stock Exchange updated its review status to "accepted." The company plans to issue 1.98 billion to 2.43 billion shares and raise 33 billion yuan, with 20.8 billion yuan earmarked for mass-production line upgrades and 12.2 billion yuan for research and development. By the proposed fundraising size, the deal is the largest IPO application ever filed on the STAR Market. The filing shows a dramatic financial turnaround. Revenue rose from 18.744 billion yuan in 2023 to 63.185 billion yuan in 2025, while attributable net profit swung from a 19.181 billion yuan loss in 2023 to a 6.771 billion yuan profit in 2024 and 14.211 billion yuan in 2025. In the first quarter of 2026 alone, YMTC posted 47.042 billion yuan in revenue and 33.379 billion yuan in net profit attributable to shareholders, more than twice its full-year 2025 profit. Still, the prospectus also lays out the tension behind those numbers: margins surged with NAND pricing, but the company remains exposed to a heavy depreciation burden, negative free cash flow in 2025, rising receivables, inventory write-down pressure, and supply-chain constraints. The filing presents YMTC as a company benefiting from an AI-driven memory upcycle while still carrying the structural risks of a capital-intensive, highly cyclical NAND business.

A dense wave of crypto, regulatory and macro headlines hit the market between Sept. 17 and Sept. 18. The U.S. Securities and Exchange Commission approved a temporary, conditional Innovation Exemption that allows limited trading of certain tokenized National Market System stocks on qualifying on-chain venues, while explicitly excluding synthetic products. The move came with strict conditions around issuer notice, investor rights, venue eligibility and sanctions compliance, and drew immediate reactions from SEC officials, Robinhood CEO Vlad Tenev and Uniswap founder Hayden Adams. At the same time, Zcash became one of the market’s most closely watched assets. ZEC briefly moved above $1,500, liquidations topped $65 million over 24 hours, and several newly created wallets withdrew tens of millions of dollars’ worth of ZEC from exchanges. Separate reports tracked a large ZEC long on Hyperliquid, a whale that closed a month-long OKX long for an estimated $8.29 million profit, and a major short seller facing roughly $30 million in unrealized losses. Elsewhere, BlackRock transferred about $285.5 million in BTC and ETH to Coinbase Prime, Zilliqa set Sept. 22 for its second exchange migration hard fork, S&P Global signed a deal to acquire OpenZeppelin, and multiple AI companies, exchanges and infrastructure projects announced product, financing and policy updates.

Crypto exchange CoinEx, which sponsored Taiwan’s Chinese Professional Baseball League All-Star Game in 2024, said it will wind down its exchange business and close the platform on Dec. 22, 2026. Founder Haipo Yang announced the decision in a public letter released on Sept. 15, saying CoinEx had failed to become a leading exchange and that security and compliance risks had become increasingly difficult to manage. According to the company’s shutdown plan, services will be phased out rather than halted all at once. New user registration stops on Sept. 15, non-spot services end on Sept. 22, and spot trading, CoinEx Smart Chain and OneSwap will stop on Sept. 29. Withdrawals will remain available until Dec. 22, 2026. Yang also said CoinEx’s reserve ratio is above 100%, while the report noted that both the reserve claim and the fulfillment commitment are statements from the platform and its founder. CoinEx said it will repurchase CET at 0.005 USDT per token with no quantity cap. The shutdown has also sparked fresh discussion about the cost of compliance for exchanges, with KOL giantcutie666 turning attention to HashKey. Separately, ViaBTC said its mining pool operations remain unaffected but users who send automatic withdrawals to CoinEx will need to reset those addresses before the linked function is removed.

ChainCatcher reported that Cisco (CSCO.O) and Nvidia (NVDA.O) have expanded their cooperation agreement around Splunk’s agentic artificial intelligence initiative. The brief source report named the two companies and said the partnership had been broadened, but it did not provide additional terms, financial details, product updates, or a timeline beyond the published newsflash. Based on the available information, the confirmed fact is limited to an expanded agreement involving Cisco, Nvidia, and Splunk’s agentic AI collaboration.

CoinEx said on Sept. 14 that it will shut down its exchange business and enter an orderly wind-down, citing a prolonged crypto market downturn, a sharp contraction in industry trading volume and liquidity, and rising regulatory, compliance and operating uncertainty in key jurisdictions. The exchange said withdrawals will remain available until 02:00 UTC on Dec. 22, 2026, and stated that its reserve ratio is above 100% with user assets fully backed. The closure will happen in stages. New user registration stops on Sept. 15, while referral commissions, campaign rewards and new subscriptions across fiat, margin, lending, wealth management, staking and strategy products will also end. On Sept. 22, all non-spot services and on-chain deposits will be shut down, except CET deposits, which can continue until Sept. 29. Spot trading will end on Sept. 29, when CoinEx Smart Chain and OneSwap will also cease operations. CoinEx said its native token CET will be repurchased at 0.005 USDT per token. The report also revisits the exchange’s 2023 hack, which CoinEx said caused roughly $70 million in losses, and outlines regulatory pressure tied to a New York settlement, MiCA-driven service withdrawal from the European Economic Area, and allegations involving Iranian-linked flows that the company denied.

CoinEx said it will cease operations and start an orderly shutdown process from Sept. 15 after what it described as a careful assessment of current business conditions. In its announcement, the exchange cited a prolonged downturn in the crypto market, a sharp contraction in industry-wide trading volume and liquidity, as well as rising regulatory requirements and compliance costs. The company said its asset reserve ratio is currently above 100% and that user assets are fully backed. Under the shutdown schedule, CoinEx will stop all non-spot services on Sept. 22, then halt all spot trading on Sept. 29. CoinEx Smart Chain, or CSC, and OneSwap will also stop operating on the same day. Withdrawal services will remain available until Dec. 22, when the CoinEx trading platform will officially close. CoinEx added that CoinEx Wallet and CoinEx Vault are not affected by the shutdown and will continue operating as usual.

Serenity, known in online communities as the "white-haired stock guru," has singled out Taiwan-listed ESMT as a company that could follow the kind of share-price move SanDisk previously saw during a memory upcycle. The thesis centers on operating leverage in older, low-cost memory products: a price increase of a few dollars may have little effect on the end product, but can materially lift margins for the chip supplier. Serenity used DDR2 as an example, noting that legacy chips priced around $0.96, or roughly $2.5 depending on specifications, could still leave end-device costs manageable even if average selling prices were to triple. TrendForce data cited in the report points to tighter supply in mature-node DRAM after large manufacturers shifted capacity to HBM and server DRAM. It estimated DDR2 contract prices rose about 55% to 60% in the second quarter of 2026 and could climb another 35% to 40% in the third quarter. The report also highlighted sharp expected gains in SLC NAND and continued strength in NOR Flash, while MoneyDJ said ESMT has already started prioritizing higher-priced orders and can meet only about 60% to 70% of customer demand with its current wafer capacity.