Tech hedge fund Augnition Global Investors completes $1 billion fundraising

Odaily reports: Solana-based meme coin Kimchi reached a market cap of $40 million one hour after launch, currently at $38.71 million, with trading volume reaching $23.7 million. Kimchi (@kimchi1x) currently holds 75.32% of the total supply of this meme coin. This trader rarely posts trading records or calls, mainly sharing photos and videos related to lifestyle, travel, luxury cars, and watches.Pump.fun co-founder alon stated that Kimchi is the first person to truly bridge the gap between the crypto industry and popular culture, and the first case of a trader growing into a public celebrity. alon said that Kimchi is helping Pump.fun develop creative direction and drive ecosystem expansion.

Odaily reports: According to monitoring by on-chain analyst Ember, Ethereum treasury company Bitmine deposited 159,728 ETH ($390 million) into Ethereum staking 6 hours ago. They are likely staking more than 5.227 million ETH ($12.8 billion).Currently, there are 1.33 million ETH in the Ethereum staking entry queue, with a wait time of over 23 days. The amount of ETH exiting staking is only 149,000, with a wait time of less than 4 days.

Odaily reports: According to Gate data, the Nikkei 225 index opened this morning at 64,885.95 points, up 1.26%; South Korea's KOSPI opened up 2% at 5,666.34 points.As of press time, the KOSPI's gain has widened to 3.37%. Samsung Electronics rose over 4%, SK Hynix rose over 6%; South Korean data center technology company Elice surged 16%, after plunging 32% on its first day of listing in South Korea.

Odaily: Ethereum Institutional has announced the appointment of David Duong as its US Lead, responsible for driving collaboration with US institutional investors and helping institutions deepen their participation in building the Ethereum ecosystem. David Duong previously served as Global Head of Investment Research at Coinbase, where he led crypto market research for the exchange's institutional clients, covering areas such as macroeconomic analysis, valuation models, and market structure. He also spent 17 years in sell-side macro strategy research at HSBC, Santander, and Deutsche Bank.

Odaily reports: Musk stated on the SpaceX conference call that Terafab, a chip manufacturing joint venture established by SpaceX and Tesla, plans to achieve mass production in the third quarter of 2028. Terafab's internal goal is to produce its first test chip using static random-access memory (SRAM) circuitry at its R&D base in Austin around May or June of next year, and to have it function properly. (STAR Market Daily)

Odaily reports: Nasdaq-listed US online brokerage Webull plans to open perpetual contract trading to eligible US clients starting in November, with the first batch of products including Bitcoin and other crypto assets, and intends to expand access before the end of the year. The contracts will be listed on the CFTC-regulated Kalshi exchange, with clearing handled by Kalshi's clearinghouse, and Webull users approved for futures trading will be able to trade through their existing futures accounts. (WSJ)