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Jiang Zhuoer: Sold BNC stock tokens before the US stock market opened, and plans to buy them back after a price dip.

45 minutes ago

Jiang Zhuoer, founder of ViaBTC Mining Pool, posted that he has sold BNC stock ahead of the US stock market opening. He said, "This stock has seen a significant on-chain rally over the weekend, and it will definitely drop once US markets open, so I will buy back after it falls for a while." On September 18, Jiang outlined the investment logic for BNCB: holdings of BNCB have risen again, reaching $17.28 million. In the comparative data he cited, this scale exceeds related positions of Coinbase and MSTR, and is close to that of Tesla. He believes BNCB provides exposure to BNB at roughly a 58% discount. BNC is a BNB treasury company controlled by Binance, while BNCB is Binance’s bStock token corresponding to BNC. He argues that Binance launched BNCB to channel crypto market funds to BNC listed on US stocks, creating a "crypto-stock flywheel" similar to MSTR. He noted that BNB’s current total market cap is around $94 billion, while BNC’s market cap is only about $220 million. If 1% of BNB’s buyer funds shift to BNC, it could erase the current discount. So far, crypto market funds have bought $17.28 million worth of BNCB and $5.29 million worth of BNC4, totaling $22.57 million, accounting for roughly 10% of BNC’s total market cap.

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A spread trader allegedly failed to adjust their position in time, resulting in the liquidation of BTC short positions valued at $10.16 million.

According to TradingBeats' monitoring, a short-term rally in Bitcoin (BTC) triggered liquidations totaling $65.6 million in short positions on Hyperliquid. Among these, the BTC short position of 122.88 BTC held by an address starting with 0xec0b was fully force-closed by the system in two rounds, with a liquidation volume of approximately $10.165 million, marking the largest single liquidation on the platform. This BTC short position was opened on September 4, with an average entry price of around $81,335.90, and held for about 17 days. The average execution price of the forced liquidation was roughly $82,720.70, meaning BTC had risen only about 1.7% from its entry cost, resulting in a realized loss of approximately $170,200. Meanwhile, the address’s long Ethereum (ETH) position remains open. It currently holds 7,007.8 ETH in long positions, valued at around $18.951 million, with an average entry price of about $2,065.97 and an unrealized profit of roughly $4.473 million. The address previously held a simultaneous long ETH / short BTC position, a spread trade essentially betting on ETH’s relative strength against BTC. However, during BTC’s short-term rally, the short side hit the liquidation threshold first, forcing the original position pair to be unwound.

3 minutes ago

Bitcoin surges sharply, Garrett Jin’s unrealized profit exceeds $7.76 million, while Abraxas, the largest on-chain Bitcoin short position holder, sees its unrealized loss widening.

According to TradingBeats' monitoring, Bitcoin briefly broke through $84,000. The only remaining contract position under Garrett Jin’s account — a 3x Bitcoin long order — has now generated an unrealized profit of $7.76 million. However, it’s a mixed picture: a long-term ETH “diamond hand” held a Bitcoin short order worth $10.16 million that was liquidated half an hour ago. Additionally, Abraxas Capital, the largest holder of Bitcoin short positions on Hyperliquid, reported unrealized losses of $23.51 million and $17.11 million respectively for its two Bitcoin short addresses.

3 minutes ago

Bitcoin saw a sharp short-term rally, with two short positions worth over $10 million liquidated.

According to Coinglass data, during Bitcoin's sharp short-term rally that pushed its price above $84,000, two short positions worth over $10 million were liquidated. One liquidation occurred on Binance, with a value of $11.29 million, while the other took place on Bitget, amounting to $10.44 million.

3 minutes ago

Bitcoin surges rapidly, briefly breaking through $83,000 to hit a new high not seen since August 19.

According to HTX market data, Bitcoin has accelerated its rally over the past hour, briefly surging past $83,000 and currently trading at $83,031. Its 24-hour gain stands at 2.73%, hitting a new high since August 19.

3 minutes ago

Jev Team Publishes Draft of Coding Agent Design: The model independently determines what to focus on each round.

Beating AI Express (Dongcha) reports that TypeSafe founder Diogo Almeida has released a draft design for a coding agent, inviting the community to test it directly. He openly stated that his team likely won’t have the time to implement all these ideas themselves. The core change in this draft is context management. Current coding agents typically retain all previous chat history, tool outputs, and code state; when the context grows too long, they either compress it or reset entirely. TypeSafe aims to let the agent re-evaluate each round: whether to keep using the existing cache, or select a more appropriate context; which content to retain in full, which to summarize, and which to discard entirely. Almeida argues that many existing agent designs are constrained by KV cache. For example, when a task is first routed to a cheaper model and then switched back to a more powerful model, the latter often has to re-read the long context, resulting in higher overall costs. Tool definitions, permanently embedded in system prompts, also take up constant space. If context can be dynamically reorganized, model routing, sub-agents, MCP, and AGENTS.md can also be loaded on demand. Simple tasks are assigned to cheaper models, required tools are loaded as needed, and sub-agents only access state relevant to their own tasks. Almeida has temporarily named this approach "Meta-attention".

3 minutes ago

U.S. stocks rise in pre-market trading, with crypto-related stocks rallying sharply; MSTR gains nearly 6% while BNC climbs 8.7%.

U.S. stock index futures continued to climb today, with Nasdaq futures gains widening to 1%. According to market data from BIT (bit.com), crypto-related stocks rallied broadly in pre-market trading, including MSTR up nearly 5.82%, tokenized equities firm Securitize rising 5.7%, BMNR gaining 4.55%, and BNC jumping 8.7%.

3 minutes ago

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