Ethena's fee conversion vote passes, programmed ENA repurchases to begin.

According to TradingBeats’ monitoring, trader Loracle has opened 3x leveraged short positions on CASHCAT and PONS, with a combined short position value of roughly $13 million. As CASHCAT’s market cap breaks through $300 million to a new all-time high, and PONS nears its own $600 million peak, the trader’s unrealized loss has climbed to approximately $2.4 million. The CASHCAT short position is valued at around $6.6 million, with an average entry price of $0.23, leading to an unrealized loss of about $1.1 million. The PONS short position is worth roughly $6.3 million, with an average entry price of $0.47, and an unrealized loss of approximately $1.3 million. On-chain perpetual contract and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, with in-depth analysis covering everything from address tracing to whale operations, all available at a glance.

Jiang Zhuoer, founder of BTC.TOP (莱比特矿池), shared his recent trading operations, announcing he will no longer trade ETH perpetual contracts, citing excessive candlestick wicks that disrupt his trading mindset. For instance, he bought 4,000 ETH at $2,380 last night in a bottom-fishing move, originally setting a take-profit order at $2,493. However, a sharp candlestick wick pushed ETH down to $2,367 this morning, prompting him to decide to close his position once ETH rebounded to $2,403. ETH indeed rallied to his $2,493 take-profit target tonight. Crucially, BTC’s candlestick did not have such a wick. Going forward, he plans to use WBETH as margin, trade BTC perpetual contracts without leverage (maxing out at a full position), and hold all funds in ETH spot when not actively trading.

According to a New York Post report, Oman has quietly rejected Iran’s proposal to charge commercial vessels fees in the Strait of Hormuz. A regional official with knowledge of the matter stated that Oman refused to agree to collecting environmental and security fees, even if they were voluntary. Iran’s Revolutionary Guard Corps’ earlier claim that the two sides had reached an agreement is untrue. A U.S. official noted that the terms of Iran’s proposed revenue-sharing agreement had not even been finalized by Tehran. Earlier, after Iranian Foreign Minister Hossein Amir-Abdollahian and Omani Foreign Minister Badr bin Hamad Al Busaidi held talks in Tehran, Revolutionary Guard Corps spokesperson Hossein said the two countries had reached an agreement on the division of waters in the Strait of Hormuz and revenue sharing.

Beating AI News Flash: OpenAI’s official status page shows ChatGPT and Codex are experiencing elevated error rates; mitigation measures have been implemented, and recovery is currently being monitored. Claude’s official status page indicates its services have now returned to normal. Earlier today, multi-model error rates spiked, affecting Mythos/Fable 5.1, Mythos/Fable 5, Opus 5, 4.8, and 4.6. The company announced at 00:16 UTC+8 that the impact has ended, with web, console, API, Claude Code, and Cowork all currently operational. Grok’s official status page shows Grok’s main user-facing entry remains down. Services currently in outage include: Grok iOS, Grok Android, Grok web version, Grok Build, Office/Workspace plugins, East Coast API (us-east-1.api.x.ai), West Coast API (us-west-2.api.x.ai), and X-integrated Grok. Available services include: login, Europe API (eu-west-1.api.x.ai), API Console, Docs, and the xAI official website.

According to GMGN data, the meme coin CASHCAT on Robinhood Chain has hit a new all-time high with a market capitalization exceeding $300 million, rising over 10.2% in 24 hours and recording a 24-hour trading volume of $43.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, urging investors to be mindful of risks.

Crypto whale "First Set 10 Big Goals" issued a statement following Bitcoin's breakout: Bitcoin will hold $80k, targeting $100k! This is the last chance to get on board! The whale simultaneously shared market screenshots, noting that crypto-related stocks and ETFs including IBIT, CRCL, and MSTR saw sharp gains in both call options and share prices today.