Google has released the ultra-powerful Gemini 3 model, achieving a huge leap in inference and encoding capabilities
November 19th. According to US media reports, Alphabet's subsidiary Google has launched the latest version of the artificial intelligence model Gemini 3. It is emphasized that these new features will be promptly deployed in multiple revenue-generating products. Executives claim that this version represents a "significant leap" in inference and coding capabilities. Similar to its predecessor, Gemini 3 is capable of handling text, images, and other media and solving complex scientific and mathematical problems.
CEO Sundar Pichai stated that its ability to infer and respond based on input has been greatly enhanced. Koray Kavukcuoglu, the Chief Technology Officer of Google DeepMind, said, "This is our most intelligent model. It will assist people in turning any idea they have into reality."
Google also introduced Antigravity, a new development platform for building AI-driven coding agents, which is currently in the preview stage. The system enables developers to assign tasks to autonomou
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In the past 24 hours, the total position liquidation across the network amounted to $790 million, with long positions liquidated totaling $633 million.
Update, November 19th. According to Coinglass data, the total value liquidated within the past 24 hours was $7.90 billion. Among them, $6.33 billion was in long liquidations and $1.57 billion was in short liquidations. A total of 171,599 accounts were liquidated globally. The largest single liquidation order took place on Hyperliquid - BTC-USD, with a value of $21.3759 million.
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Publicly traded company Sonnet has postponed the merger vote until December 2nd
On November 19th, based on the latest filing, the publicly traded company Sonnet Biotherapeutics in the US has postponed its merger vote to December 2nd.
Previously, on July 14th, Sonnet BioTherapeutics agreed to an $8.88 billion merger deal under which it will be renamed Hyperliquid Strategies and launch the HYPE treasury strategy.
The Nasdaq-listed Sonnet BioTherapeutics has agreed to merge with Rorschach I LLC to form Hyperliquid Strategies and initiate the treasury strategy. According to a press release issued on Monday, Rorschach I LLC is a newly established company by affiliated entities of Atlas Merchant Capital LLC, affiliated entities of Paradigm Operations LP, and other sponsoring parties.
Upon the completion of the transaction, the new entity will be renamed Hyperliquid Strategies and is expected to hold 12.6 million HYPE tokens and $305 million in cash, with a total valuation of approximately $8.88 billion. The transaction has attracted strategic investors such as Paradigm,
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Analysis: Short-Term Holders' Realized Loss Hits Two-Year High, Panic Selling Has Peaked
On November 19th, Glassnode released an analysis indicating that the realized losses of short-term holders have witnessed a notable increase. The 7-day moving average has reached $4.27 billion per day, which is the highest level since November 2022. Panic selling has reached its peak and intensified significantly, exceeding the loss levels witnessed during the previous two major lows of this cycle.
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Cryptocurrency Incubator Obex Completes $37 Million Funding
On November 19th, according to CoinDesk, the cryptocurrency incubator Obex has completed a financing round with an amount of $37 million. The specific investment team has not been disclosed yet.
The new funds will be employed to provide support for the development of yield-bearing stablecoins, which will be led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative is intended to invest in and fund projects that bring real-world asset (RWA)-backed strategies onto the blockchain. It aims to introduce institutional-grade risk controls and underwriting practices into this rapidly evolving field.
Obex will become the latest fund allocator under Sky (formerly known as MakerDAO). Sky is the entity behind the DAI and USDS stablecoins, and the combined market capitalization of these two stablecoins is $9 billion. Through Obex, Sky will utilize its substantial protocol reserves to provide expansion funding for projects and generate returns from these strategies.
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