Global markets are heading into a packed week that could shape both macro sentiment and crypto policy. The U.S. Federal Reserve is set to release its rate decision and economic projections early Thursday Beijing time, followed by remarks from Chair Warsh, while the Bank of England and the Bank of Japan are also due to announce policy decisions later in the week. In Washington, the U.S. Senate is preparing for a key procedural vote on the CLARITY Act on Tuesday, the same day the Securities and Exchange Commission plans to hold a roundtable on 24-hour trading. Around that backdrop, market participants are weighing fresh comments from Robinhood CEO Vlad Tenev, who argued that issuers should not have veto power over tokenized stock products if those instruments do not alter shareholder rights, issuer obligations, or the company’s official share register. Other developments include the EU’s Cyber Resilience Act taking effect, new product launches from Kraken and Grayscale, financing updates from Kaiko, Temporal and tZERO, continued inflows into spot Ether ETFs, and a newly disclosed exploit affecting Symbiosis’ Bitcoin bridge.

Gaokai Technology, a recent listing on Shanghai’s STAR Market, closed at its 20% daily limit on Sept. 14, finishing at CNY 324.41 and pushing its market capitalization to CNY 32.425 billion. The stock opened at CNY 274.00, up 1.35%, then climbed through the morning and locked at the limit around 9:58 a.m. Exchange data showed turnover of about CNY 1.128 billion, trading volume of roughly 36,700 lots, and a turnover rate of about 19.56%. The company listed on Aug. 25, 2026 at an IPO price of CNY 61.36 per share, the fifth-highest issue price among STAR Market IPOs that year. On its debut, the stock opened at CNY 209.00, surged as high as CNY 262, and ended the day at CNY 235.00, up 282.99%, with first-day turnover at 80.98%. Based on the Sept. 14 limit-up price, the stock has risen about 4.29 times from the IPO price. Gaokai Technology, formally Jiangsu Gaokai Precision Fluid Technology Co., Ltd., focuses on precision fluid control components and related equipment. Its products cover semiconductor, consumer electronics, automotive electronics, and new energy applications. Prospectus and listing disclosures show revenue rose from CNY 226 million in 2023 to CNY 511 million in 2025, while net profit attributable to shareholders reached CNY 133 million in 2025.

DeepSeek is moving on several fronts at once. In September, the company overhauled its web homepage, folded multiple model modes into a single entry point, released DeepSeek V4.1 Flash, updated DeepSeek Harness to v0.1.5, and quietly began limited testing of voice conversations in its app with four selectable voices and barge-in support. At the same time, Phoenix Tech reported on Sept. 14, citing multiple independent sources, that DeepSeek is close to filling its CFO role, with Hillhouse Venture Capital partner Yan Wentao said to be the leading candidate and already going through departure procedures. The report places the hire in a wider capital and product context. DeepSeek has been linked to two funding rounds totaling more than RMB 100 billion, according to Caijing, while Reuters previously reported that the company had chosen CITIC Securities to prepare for a STAR Market listing. Phoenix Tech also describes a broader shift inside DeepSeek: the company still says it is pursuing AGI, but it is also putting more weight on becoming a major AI entry point in China. That shift shows up in hiring, product design, infrastructure planning, and a growing focus on serving more users, more scenarios, and more agent-style workloads.

A report from TOP Chinese Tech Innovators said Yan Wentao, a post-1990 partner at Hillhouse Venture Capital, may join DeepSeek as chief financial officer and is expected to take the role in the near term. The report also said DeepSeek has started preparing for a STAR Market IPO, with CITIC Securities already conducting due diligence, although the two sides have not signed a formal listing guidance agreement. DeepSeek wants to start the IPO process this year. Public information cited in the report shows Yan has long focused on technology investments at Hillhouse Venture Capital, with disclosed investments including ByteDance, MiniMax and Zhipu AI. The company currently has no CFO and no formal investor relations team.

ChainCatcher, citing TOP Chinese Tech Community, reported that Yan Wentao, a partner at Hillhouse Venture Capital, may join DeepSeek as chief financial officer, with the appointment expected to take effect soon. The report said DeepSeek has started preparations for a STAR Market IPO and hopes to launch the listing process this year. China Securities Co., Ltd. (CITIC Securities) has already entered due diligence, though the two sides have not yet signed a formal listing tutoring agreement. Yan, described in the report as a post-90s partner at Hillhouse Venture Capital, has long focused on technology investments. His disclosed investment portfolio includes ByteDance, MiniMax and Zhipu AI. The report also said DeepSeek currently does not have a CFO and has not set up a formal investor relations team.

MarsBit highlighted a new batch of token unlocks this week, covering Starknet, YZY, Arbitrum, ZKsync, and LayerZero. The headline item was YZY, whose upcoming unlock was described as being close to 10% of the token’s circulating supply. According to the figures listed, YZY will unlock 29.17 million tokens worth about $8.4 million. The same roundup showed Starknet unlocking 130 million tokens valued at roughly $3.61 million, Arbitrum unlocking 96.84 million tokens worth about $13.17 million, ZKsync unlocking 170 million tokens valued at roughly $1.65 million, and LayerZero unlocking 25.83 million tokens worth about $26.09 million. The source also included brief project descriptions. Starknet was presented as an Ethereum Layer 2 using zk-STARKs, Arbitrum as an Ethereum Rollup, ZKsync as a Layer 2 scaling solution developed by Matter Labs, and LayerZero as an omnichain interoperability protocol designed for lightweight cross-chain messaging. The article listed official X or Twitter accounts and project websites for each protocol or token.

WuBlockchain’s WhiteLine Daily highlighted four developments across AI infrastructure and chip markets. SpaceX CFO Bret Johnsen said at Goldman Sachs’ Communacopia + Technology Conference that the company signed a new AI compute hosting agreement earlier this month that is expected to generate about $1.11 billion in monthly revenue starting Dec. 1, implying roughly $13 billion in annual recurring revenue. Johnsen said the contract increased confidence in SpaceX’s goal of reaching a $100 billion ARR run rate by year-end based on December revenue annualized, and added that ground-based AI compute capacity is expected to exceed 2 GW by the end of this year and expand to 5 GW to 10 GW by 2027. Reuters, citing people familiar with the matter, separately reported that Anthropic is in talks with Nvidia about making the chipmaker a cornerstone investor in a planned IPO that could raise as much as $100 billion at a roughly $2 trillion valuation, with Nvidia discussing an investment of up to $10 billion. The digest also said the UAE is redesigning a 5 GW AI data center project after recent Iranian attacks, while Chinese AI chip company Enflame Technology rose about 179% on its first trading day on Shanghai’s STAR Market.

Huahong Hongli, China’s second-largest wafer foundry, said on Sept. 12 that it had completed its share-based acquisition of a 97.4988% stake in Shanghai Huali Microelectronics. The deal was settled through the issuance of 190,768,392 A-shares at RMB 43.34 each, for total consideration of RMB 8.268 billion. Huali Micro completed its industrial and commercial registration change on Sept. 3 and became a wholly owned subsidiary of Huahong Hongli. According to the restructuring report submitted in June, Huali Micro operates mainland China’s first fully automated 12-inch integrated circuit foundry line. The facility covers 65/55 nm and 40 nm process nodes and has designed monthly capacity of 38,000 wafers. The report said Huali Micro generated RMB 5.101 billion in audited 2025 revenue, equal to 29.50% of Huahong Hongli’s RMB 17.291 billion revenue in the same year. The company said the transaction also fulfills a commitment made by Huahong Group when Huahong Hongli listed on Shanghai’s STAR Market in 2023, under which Huali Micro would be injected into the listed company within three years, subject to policy arrangements and regulatory approval. A supporting fundraising plan of up to RMB 7.556 billion remains unfinished.