Viewpoint: Bitcoin’s rebound is supported by liquidity contraction, with no new demand emerging yet.

According to market data from the BIT stock platform, Intel (INTC)’s pre-market decline on the US stock market has widened to 25.8%, with the stock currently trading at $68.32.

Dongcha Beating AI Flash News: Pika has launched H3 Flex, a speed-optimized version of MiniMax H3. The team first fine-tuned H3 using self-built audio and video data, then applied model distillation to cut the number of denoising steps for video generation from 50 to 6. It further enhanced image quality via reward and preference training, and optimized underlying inference performance. Per Pika’s released DesignArena text-to-video leaderboard, H3 Flex ranks 7th overall and 1st among open-weight models, outperforming the original MiniMax H3 and H3Max. Official tests showed generating a 15-second 768p video with audio took just 7 seconds for core model computation (excluding video decoding and service processing time). Pika has made public model adaptation weights and inference code, supporting local runs via ComfyUI and Diffusers, with native maximum 768p video output. The advertised 4K resolution requires Pika’s super-resolution service, while audio track separation and accelerated inference services remain unavailable.

Kioxia projected its third-quarter operating profit to hit 2 trillion yen, falling short of the market consensus estimate of 2.35 trillion yen. The company also forecast an operating profit of 5.26 trillion yen and net profit of 3.56 trillion yen for the first nine months of the fiscal year. Additionally, Kioxia plans to pay an interim dividend of 90 yen per share. Financial results showed that its second-quarter operating profit stood at 1.99 trillion yen, exceeding the market expectation of 1.95 trillion yen, while its net profit of 1.36 trillion yen was slightly below the market forecast of 1.37 trillion yen.

CZ stated in a post that preliminary estimates put losses from Binance’s recent attack at over $6 billion, with roughly $3 billion in assets already frozen. The exchange’s SAFU Fund is valued at around $1 billion, leaving a remaining funding gap of approximately $2 billion. CZ added that Binance’s holdings of SPCX stock alone are worth over $1 billion; while the remaining gap represents a significant loss, it remains within controllable limits. Earlier, crypto analyst 0xngmi estimated the loss at roughly $1 billion, based on Binance’s total custodial assets and frozen assets, accounting for just 0.69% of the exchange’s total custodial assets. In response, CZ noted the actual loss may be slightly higher than that estimate, but Binance will cover all losses.

Elon Musk reacted with an "awkward" emoji in discussions related to the Binance security incident. CZ responded to this, stating that while he has great respect for Musk, now is not the time for jokes and asked Musk to stop. Additionally, CZ noted that Binance invested $500 million when Musk acquired Twitter, and the SPCX shares held from this investment are now worth over $1 billion, expressing hope that Musk will provide some support.

Beating AI Express News: Elon Musk’s brain-computer interface (BCI) firm Neuralink has unveiled a new feature—users only need to mentally utter “Hey Neuralink” and describe their desired task, and the Grok Agent will autonomously operate a computer without manual input. Neuralink engineers recently visited the home of an amyotrophic lateral sclerosis (ALS) patient, spending 72 consecutive hours developing and testing the new feature. Beyond the Grok Agent prototype, the team also rolled out automatic speech intent recognition, brain signal input, and iPhone calling capabilities. The patient can generate speech via the BCI to make calls with his wife, and even place orders at a coffee shop. Two days ago, Neuralink released early results from its speech restoration trial: an ALS patient achieved 75 English words per minute with a 5.8% word error rate in the first week of use. Musk predicts that BCI information output speed will far outpace human speech or typing rates in the coming years.