Caixin: Texas Hold'em pro Hu Zhewen has sued Jump Trading and Chinese professor Zhang Yongfeng, suffering consecutive losses after heavy investments in the crypto space.

CryptoQuant analyst Darkfost published a note stating that Bitcoin has recently entered an upward phase distinct from its previous rallies. Since hitting its July high, BTC has rallied roughly 45%, breaking through key structural levels and closing above $82,000 for several consecutive days. Darkfost noted that BTC’s accumulation trend has persisted during this rally, a pattern particularly evident in BTC’s capital flows on exchanges. Binance currently holds around 30% of BTC available on all exchanges accessible to all investor types, and net BTC outflows have dominated recently—averaging roughly 2,000 BTC per day over the past week. Meanwhile, Binance recently recorded its largest single-day BTC net outflow since 2023, exceeding 13,800 BTC in a day, marking a new three-year high. Over the past four days, Binance’s BTC reserves dropped from 705,000 BTC to 685,000 BTC, a reduction of about 20,000 BTC. Darkfost explained that sustained BTC outflows from exchanges signal some investors are choosing to hold BTC themselves, a behavior typically linked to long-term holding. From a market mechanism perspective, declining exchange BTC balances also reduce potential selling pressure. Darkfost further pointed out that such sudden large-scale outflows may indicate investors who previously expected Bitcoin to keep falling as it did during past bear markets are now experiencing FOMO and re-entering after the price rally. As Bitcoin continues to rise, similar large-scale capital flows may occur again.

A whale deposited 541,009 $HYPE($49.55M) to #Kraken 3 hours ago.

Bitget CEO Gracy Chen shared key takeaways from her earlier live stream on social media, including: 1. Affected assets include ETH, XRP, BNB, AVAX, USDT, USDC and other tokens, spanning Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC and Base. All on-chain cold wallets have been confirmed secure and were not impacted. 2. Bitget has contacted all affected chain foundations; some foundations have confirmed freezing hacker wallet addresses. The team will continue to follow up on relevant channels and release updates. 3. Bitget stated that based on IP behavioral characteristics and on-chain analysis, the attack method is highly consistent with known patterns of North Korean hacker groups. The platform has reported the incident to relevant authorities and is cooperating with global investigations. 4. Bitget Wallet operates on fully independent infrastructure from the Bitget exchange. This incident had no impact on Bitget Wallet, and all assets in Bitget Wallet are completely secure. 5. Regarding the platform’s financial status, Bitget said that in addition to its over $464 million protection fund, its own assets exceed $1 billion, with user funds fully backed at a 1:1 ratio, and all related data is verifiable on-chain. 6. On the timeline for resuming withdrawals, Bitget noted its goal is to complete a full recovery as soon as possible. A specific time window will be announced immediately once confirmed, and the platform will not commit to unachievable deadlines.

Beating AI News Brief: Stealth-mode startup Ando has closed a $20 million funding round to build a new Slack alternative designed for both humans and AI agents. The round was backed by Accel, Index Ventures, and Emergence. Ando retains core features like channels, direct messages, group chats, and voice calls, but AI agents have their own identities, permissions, and inboxes. Agents can independently browse and join channels, eliminating the need for humans to tag them (@) to trigger actions, and can proactively reach out to other team members. It supports integration with various AI agents including Codex, Claude, Grokbot, and Devin; teams without existing agents can also use Ando’s hosted version directly. Ando itself has fully stopped using Slack. For example, when a user reports a bug in a chat, agents can independently take the task, assign mobile-related work to another agent, and have a third agent review the code. If the same issue is discussed across multiple channels, agents can proactively pull together relevant personnel and fill in context gaps. Currently, teams across industries including software, real estate, and finance in 15 countries are using Ando.

Insight Beating AI Flash News: Agent collaboration platform Raft, founded by Richard Qian, former author of Kimi CLI, has released its source code, but is temporarily not accepting external Pull Requests and has not made its internal commit history public. The public GitHub repository is only a release mirror; actual development remains in a private repo, with a full code snapshot synced each version release. The Raft team argues that coding agents have made writing code far too cheap. Generating a seemingly reasonable patch is easy, even generating ten at once is not difficult, but maintainers still spend significant time understanding, verifying, and reviewing this code. In many cases, after reviewing code generated by others using agents, maintainers would rather have their own agents reimplement the code per requirements. Thus, the team aims to explore a "Prompt Request" model: contributors will not necessarily submit code directly, but first outline the problem to solve, its value, and constraints and tradeoffs, before maintainers and agents decide on implementation. This mechanism is not yet officially open; Raft’s GitHub Pull Requests and Issues are currently closed. Raft also challenges the value of traditional commit history. The team believes that with agents in development, rather than tracking every code change, "decision history"—including why changes were made, what approaches were tested, and issues identified by agents—may be more useful. Notably, Raft is source-available, not traditional open source. The FSL-1.1-ALv2 license permits users to view, run, and modify the code, but prohibits using it to offer competing commercial products or services. Each version will automatically convert to Apache 2.0 two years after release.

According to a report by The Jerusalem Post, Iranian Foreign Minister Abbas Araghchi told reporters on Thursday on the sidelines of the UN General Assembly in New York that Iran has submitted a proposal to the United States to reopen the Strait of Hormuz within seven days. Araghchi stated that the proposal will be advanced based on the memorandum of understanding reached between the two countries in June this year, but will only be implemented if specific conditions are met. He said, "I think it would be better if this could be completed before the U.S. midterm elections, but that depends on the decision of the U.S. government." Araghchi also noted that Iran does not care about the specific timeline and is in no hurry to push forward with this process.