Trading volume of BNC4 exceeds the market capitalization of its underlying stock BNC.

According to Bitget market data, Metaplanet, Japan’s largest Bitcoin treasury firm, saw its stock close down 9.9% to 244 yen today, bringing its two-day total decline to around 17%. Recently, Metaplanet CEO Simon Gerovich published a statement addressing controversies over the company’s executive compensation plan and its relationship with shareholder MMXX Ventures, acknowledging that the firm failed to fully explain the 10th new share subscription rights incentive plan and MMXX’s organizational structure. Gerovich noted that he is an important but non-controlling shareholder of MMXX’s parent company and did not participate in the firm’s transaction decisions, though market skepticism has not been dispelled.

South Korea’s second-largest cryptocurrency exchange platform Bithumb’s holding firm Bithumb Holdings recently held a board meeting, appointing Kim Kibum—a close associate of controlling shareholder Lee Jung-hoon—as its new CEO. Outgoing CEO Lee Jaewon stepped down to focus on managing the Bithumb exchange platform itself. Kim Kibum previously served as Bithumb’s head of external relations, overseeing external communications and compliance management.

Beating AI News Flash: OpenAI has rolled out a "Writing style" feature for ChatGPT Work. Once connected to Gmail, Google Drive, Slack, and SharePoint, the tool can learn a user’s writing style — including common terms, sign-offs, and capitalization habits — from their past emails, messages, and files. When drafting emails, messages, or documents, ChatGPT Work will automatically apply these learned preferences. Previously, to get ChatGPT to "write like you", users usually had to describe their tone or repeatedly provide sample texts; now Work can handle this step by automatically learning from existing work content. A widely debated issue in the community is that people often use different writing styles across scenarios (for example, Gmail and Slack may have entirely distinct tones), and OpenAI has not yet clarified how it will address this. The feature is currently accessible via the web interface at Settings → Personalization → Writing style, and will later be applied to ChatGPT Work’s web and mobile versions.

CryptoQuant analyst Darkfost pointed out that during the minor pullback after Bitcoin broke above $80,000, a relatively positive on-chain signal has emerged: the proportion of native Bitcoin supply held by Long-Term Holders (LTHs, addresses holding BTC for more than six months) has risen significantly. The logic behind this is that many coins purchased during the pullback have not been flipped quickly; instead, they are being held until they cross the six-month holding threshold, shifting from Short-Term Holders (STHs) to LTHs. This “buy the dip and hold tight rather than trade frequently” phenomenon typically occurs in bear markets or during sharp declines, reflecting reduced trading willingness among market participants and a preference for long-term holding. Darkfost considers this shift positive, noting that Bitcoin held by LTHs is usually “more stable” with lower liquidity and less prone to being sold off easily. An increase in such coins helps build a more solid support base. While this is a long-term positive development, it is not an immediate signal to reverse the market trend—bottoms are formed gradually over time. Most current market participants believe that a bottom region is taking shape, and the migration of coin supply structure is itself part of the bottom formation process.

According to official announcements, OKX Wallet has officially launched its "Leverage Trading" feature, integrating Aave lending and DEX spot swaps into a unified trading workflow. Users can go long or short on relevant assets on X Layer via their self-custody wallet. The feature is now available on the "DEX > Leverage Trading" page of the OKX App, requiring users to update the app to the latest version. The initial phase supports assets including BTC, ETH, and SOL. It is reported that users can view key information such as estimated transaction outcomes, borrowing interest rates, health factors, and estimated liquidation prices before placing orders. Each on-chain transaction requires separate user authorization, and it should be noted that leverage trading involves borrowing, incurs interest, and carries liquidation risks.

Beating AI Express News: Herdr has released version 0.9.0, adding multi-machine management functionality. It is a tmux alternative designed exclusively for coding agents, enabling users to run Claude Code, Codex, Cursor Agent CLI, and other agents in a unified background, switch between them, and check their status. Even if the terminal is closed or SSH disconnects, the agents will continue operating. Now, a single Herdr client can connect to both local and multiple SSH machines, organizing projects and agents from different devices in the same sidebar. Users can directly see which agent is working, waiting for approval or queries, and click to resume operations. Currently, these agents cannot call or collaborate across machines; cross-machine agent collaboration remains in the roadmap.