Trader with 89% win rate loses $7.66M on $ZEC short, faces liquidation

According to a Bloomberg report, as shares of digital asset treasury companies remain sluggish, with shareholders having lost roughly $50 billion in total, retail and institutional investors are stepping up scrutiny of employee compensation, equity incentives, and related-party transactions at these firms. Artemis data shows that the fully diluted market capitalization of listed treasury companies investing in Bitcoin and Ethereum is currently around $90 billion, down roughly 40% from its peak. Solana-focused treasury firm SkyAI has seen its share price drop nearly 90% since completing its transition financing in August 2025. Forward Industries is urging shareholders to vote against its equity incentive plan, which would reserve 7.2% of the company’s shares for 30 employees, worth approximately $4 million at current prices. Forward also questioned SkyAI over consulting fees and warrant issuances paid to companies controlled by the firm’s chief investment officer’s relatives. SkyAI responded that the arrangements were reviewed by the board of directors and publicly disclosed. Bitcoin-focused treasury firm Metaplanet’s share price has fallen 84% from its June 2025 high. Amid investor criticism over executive incentives and equity dilution, the company scrapped some warrant arrangements and will hire an independent external expert to redesign its compensation plan. Nakamoto, led by David Bailey, has also seen its share price drop 99% from last year’s peak. Its use of stock to acquire two other firms led by Bailey has been questioned by some market participants as a potential conflict of interest.

According to Arkham’s monitoring, Nate, founder of Long.xyz – a meme coin issuance platform linked to Robinhood’s crypto equities – purchased $3,800 worth of the meme coin Artificial Inu (AI) two months ago when AI’s market cap stood at $219,800, and has not sold any of the tokens since. Today, those holdings are worth $2.92 million, delivering a 758x return. He currently holds a total of $6.38 million in AI, with 54% of his position transferred from other addresses, including 6 million AI tokens sent by HawX.

According to HTX market data, NEAR has continued its rally to break through $3.5, currently trading at $3.51, with its 24-hour gain expanding to 30.9%. BlockBeats previously reported that NEAR is repositioning itself as an underlying infrastructure for multi-chain transactions and AI agents: users do not need to understand the complex structure of blockchain, as wallets and agents can automatically complete cross-chain operations, swaps, and payments. NEAR’s investment logic is shifting from a high-performance Layer 1 to chain abstraction, cross-chain settlement, and AI agent infrastructure, aiming to gain larger growth space from the multi-chain ecosystem.

Prominent trader Bonk Guy stated in a post that meme coin USELESS, which has a market capitalization of roughly $270 million, has surpassed all other meme coins on Coinbase in trading volume, with the only exception being DOGE. For comparison, DOGE, SHIB, PEPE, and TRUMP have respective market caps of approximately $13 billion, $3.16 billion, $1.54 billion, and $556 million. USELESS’s trading volume on Coinbase has long been higher than that of meme coins including SHIB, PEPE, and TRUMP. Meanwhile, its number of token holding addresses and open interest in Hyperliquid perpetual contracts have both hit all-time highs; spot and perpetual contract trading volumes remain elevated, market attention on the coin is sustained, and it has been listed on leading crypto exchanges. He believes that USELESS is forming the liquidity and adoption traits required for a major meme coin expansion, and a strong rally to catch up with DOGE’s valuation is not out of the question, though this assessment is his personal view.

Decentralized exchange platform ANT.FUN announced today that it has secured its second Canadian Money Services Business (MSB) license. On the same day, the ANTFUN mobile app launched on Google Play across 38 countries. The Canadian MSB license ranks among the most prestigious compliance credentials in the global digital asset sector, overseen by Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). Licensed entities must adhere to strict anti-money laundering (AML) and counter-terrorist financing (CTF) mandates, so the MSB approval confirms the platform has reached international standards in risk management systems, secure operations, and compliance infrastructure.

Beating AI Express News Brief: Alibaba’s Qwen launches native multimodal model Qwen3.8-Omni-Flash, supporting text, images, audio, video, and a 1M context window. This generation significantly enhances audio and video agent capabilities. The model can independently extract information from videos, plan tasks, and call external tools to complete editing, dubbing, and rendering. The official demonstrated use cases including long meeting processing, short drama translation, movie commentary, MV production, and video-to-text-and-image note conversion. For hours-long videos, it does not need to process the entire content from start to finish; instead, it first identifies where the relevant answer may lie, then gradually pinpoints key segments. On OmniVideoBench, accuracy has risen from 63.4 to 67.8, while token consumption dropped from 145,736 to 79,117, a 45.7% reduction. Qwen stated that Qwen3.8-Omni-Flash’s average score across 30 benchmarks is over 26% higher than Qwen3.5-Omni-Plus. Its audio and video capabilities are close to Gemini 3.8 Flash, and its overall audio performance surpasses the latter. Audio input costs have fallen by more than 98%, and audio-video input costs by over 93%. Currently, the model weights of Qwen3.8-Omni-Flash have not been released; only its API is available. Qwen also open-sourced Qwen-MM-Plugins, which can be integrated into agents like Claude Code, Codex, Gemini CLI, and Qwen Code, adding image, audio, long video processing, and video editing capabilities to these tools. Another component, Qwen-Live Harness, acts more like a real-time scheduling layer. Users can directly interact with the real-time multimodal model, then assign complex tasks to backend agents such as Gemini CLI, Claude Code, and Codex for continuous execution. It tracks task progress and proactively informs users of results once completed.