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Industry

China produces photonic chip wafers without ASML equipment, cutting costs to one tenth

China\'s semiconductor equipment company Prinano (PRINANO) said it has succeeded in making photonic chip wafers without ASML\'s deep ultraviolet lithography tools, using its own nanoimprint lithography technology. The company said it produced 8-inch wafers and could cut manufacturing costs to about one-tenth of conventional methods. The announcement draws attention as export controls restrict China\'s access to advanced lithography equipment, though some analysts urged caution due to undisclosed yield, throughput and mass-production timelines.

Crypto

XRP surge may hinge on bank demand, not retail buying

XRP could be repriced by institutions\' liquidity needs rather than individual investors\' speculative demand, a claim said. XRP has fallen more than 2 percent this month and over 27 percent since the start of the year. A commentator said banks would source XRP liquidity for large payments instead of hoarding it, and that higher prices could deepen liquidity and cut slippage. The article also notes there is no guarantee such a scenario will unfold.

Crypto

Coinone raises investment from Korea Investment Securities and OKX Ventures to expand digital finance

Coinone will bring in Korea Investment Securities and OKX Ventures as new strategic investors, it said. The investment is structured through purchases of some existing shares held by Coinone’s largest shareholder and Com2uS Holdings, plus newly issued shares. After completion, Korea Investment Securities and OKX Ventures will each hold 20% stakes, becoming joint third-largest shareholders. Coinone said its chief’s control will remain unchanged.