深度求索与华为合作，PBOC推动人民币国际化，前央行行长警告AI投资风险

PBOC Governor Outlines Global Yuan Expansion, Flags Offshore Infrastructure Push

People's Bank of China Governor Pan Gongsheng said the yuan accounts for roughly 6%-7% of international payments when settlements through CIPS and internal bank systems are included, placing it firmly in third place globally. Speaking at the 2026 Financial Street Forum, Pan said the currency is already China's top settlement currency for cross-border receipts and payments and the world's second-largest trade finance currency. He outlined plans to study multi-tier custody arrangements for opening the bond market, promote yuan bonds as qualified global collateral, and build an offshore yuan market structure led by Hong Kong with London, Singapore, and Dubai as supporting hubs. The remarks signal Beijing's intent to deepen yuan infrastructure even as the currency's SWIFT-only share remains a more modest 3%-4%.

Huawei Engineers Embedded at DeepSeek as Ascend 950DT Training Nears

Huawei engineers are reportedly stationed long-term inside DeepSeek's offices, feeding large-model training requirements directly into next-generation chip design, according to Tencent Technology sources. DeepSeek plans to begin large-scale pre-training on Huawei's Ascend 950DT chips as early as year-end, with a full run potentially requiring more than 10,000 chips running continuously for weeks. Huawei reportedly intends to allocate the bulk of its Ascend 960DT supply, due in Q1 2027, to DeepSeek. The Chinese AI lab open-sourced a TileLang toolkit adapted for the Ascend 950 on September 30, while continuing to pursue additional Nvidia chips. This deepening tie-up marks one of the most consequential domestic AI hardware-software collaborations in China as US export controls limit access to advanced Nvidia GPUs.

South Korea's KOSPI Plunges Nearly 4% as Foreign and Institutional Investors Flee

South Korea's KOSPI index closed down 3.73% at 5,553.08, with SK Hynix falling 4.22% and Samsung Electronics dropping 2.98%. The sell-off followed a brief two-day rebound that had appeared to mark a bottom. Rising US Treasury yields and a weak data-center company debut prompted foreign investors to offload Korean equities, with 636.7 billion won in net selling on the securities market, while institutional investors, including pensions, dumped another 467 billion won. Retail investors absorbed the pressure with 838.8 billion won in net buying, limiting further declines.

Former PBOC Governor Warns of Financial Contagion Risk From AI Investment Failures

Zhou Xiaochuan, former governor of the People's Bank of China, warned that the enormous capital flowing into AI and related infrastructure could trigger financial instability if a meaningful share of those investments fail. Speaking at the 2026 Bund Summit, he said such a scenario could necessitate large-scale economic intervention and even bailouts of financial institutions. Zhou urged policymakers to conduct research and prepare contingency tools in advance. His comments carry particular weight in China, where state-backed AI infrastructure spending has accelerated sharply alongside private-sector bets on domestic chip alternatives. The warning underscores growing official unease about a potential AI capex bubble and its systemic implications.

Uniswap TVL on BNB Chain Jumps 104% in a Week to $437 Million

Uniswap's total value locked on BNB Smart Chain surged 104% over the past seven days to approximately $437 million, with 30-day growth reaching 213%, according to DefiLlama data. BSC's overall TVL stands at about $5.93 billion, while seven-day decentralized exchange volume climbed 37.95% to roughly $6.26 billion. The acceleration reflects renewed capital rotation into BSC as traders hunt for yield and memecoin exposure amid a broader market pullback. The chain's lower fees and deep stablecoin liquidity continue to attract DeFi flows during periods of elevated Ethereum gas costs.

Binance Wallet Adds Copy Trading for Meme Coins and bStocks

Binance Wallet has launched a CopyTrade feature that allows users to select wallets from a leaderboard or manually input addresses, then automate trades with configurable buy amounts and take-profit/stop-loss settings. Users can start or stop copy trading at any time, with support for meme coins and bStocks among other tokens. The move lowers the technical barrier for retail traders seeking to replicate high-performing wallet strategies, a feature that has proven popular on platforms like GMGN and Hyperliquid. It also reinforces Binance's push to keep trading activity within its own ecosystem as competitive copy-trading products proliferate across Asian exchanges.

Bank of Japan Expected to Hold Rates but Flag Higher Inflation Risks

The Bank of Japan is likely to keep interest rates unchanged at its October 30 policy meeting following last month's hike, but may raise its inflation forecast for the next fiscal year, according to four sources familiar with the matter. The central bank's quarterly outlook report will likely stress growing inflation risks driven by persistent oil price pressures, leaving room for another hike as early as December if the yen weakens sharply. The messaging aligns with a gradual normalization path as the BOJ balances imported inflation against domestic demand fragility, a dynamic closely watched by crypto traders given the yen's historical role in carry-trade flows.

China's Tax Authority Urges Offshore Trust Taxpayers to File by October 22

China's State Taxation Administration reminded offshore trust beneficiaries to declare and pay individual income tax on trust earnings before the October 22 transition deadline, after which late payment surcharges apply. The notice follows a July 24 joint announcement from the Ministry of Finance and the tax authority that established a 90-day grace period for offshore trust income tax filings. The rule targets wealthy Chinese individuals using offshore trust structures, which have become a common vehicle for holding offshore assets including crypto-related holdings. Tax authorities said they will provide guidance and filing assistance during the transition period.

Google's UAE Crypto Ad Policy Takes Effect October 21 With Licensing Requirements

Google will require advertisers targeting the UAE with cryptocurrency exchange and software wallet ads to hold a license from one of the country's designated financial regulators and pass Google certification starting October 21. Acceptable licensing bodies include the Capital Markets Authority, Dubai Financial Services Authority, Financial Services Regulatory Authority, and Virtual Assets Regulatory Authority. The policy applies globally to any account serving crypto ads to UAE users. The move tightens access for unlicensed offshore exchanges looking to acquire UAE customers through Google's ad network, reinforcing the Emirates' push to position itself as a regulated crypto hub rather than an open advertising market.

Google Report Pegs Digital Gold Market at $45-55 Billion, Forecasts Rapid Growth

The World Gold Council estimates the digital gold market is currently worth $45 billion to $55 billion, representing less than 1% of the roughly $13 trillion physical gold investment market. The report projects the sector will expand at a compound annual growth rate of about 27%, reaching $160 billion to $170 billion by 2031. Digital gold refers to tokenized or vaulted gold products that convert physical bullion into tradable digital units for use as collateral and in structured products. The forecast matters for Asia, where gold tokenization has gained traction in Hong Kong and Singapore as a bridge between traditional wealth preservation and digital asset infrastructure.