Chinese mainstream financial media removed the news report on Cheung Kong's response that Li Ka-shing is still alive.

Arthur Hayes posted on social media that if AI trading eventually crashes, it could trigger a trillion-dollar-scale market bailout, a scenario that would drive up Bitcoin and Ethereum’s prices. “Will AI eventually crash? I don’t know, and I won’t bet on either side. Instead, just trade for that upcoming trillion-dollar-scale market bailout: go long on BTC and ETH.”

According to official announcements, Upbit, South Korea's largest cryptocurrency exchange, has listed the PUFFER/KRW trading pair.

According to HTX market data, PUFFER saw a short-term 20% surge following news that Upbit has listed the PUFFER/KRW trading pair, and is currently priced at $0.0285.

US-listed public firm Axe Compute (AGPU) has announced a multi-year strategic cooperation agreement with Penguin Solutions (PENG), integrating the latter’s technologies and services into its partner network to accelerate delivery of its customized AI infrastructure initiative “Axe Compute Build”. To date, Axe Compute’s contracted AI infrastructure projects exceed $3.45 billion in total value, and the company has selected Penguin for multiple sites, with a focus on large GPU cluster deployments designed, owned and operated by Axe Compute itself. Under the deal, Penguin will provide expert deployment and maintenance services for designated GPU cluster sites, including its ClusterWareAI operating system software, plus 24/7 network operation center support in collaboration with Axe Compute. Axe Compute positions itself as an enterprise-focused bare-metal AI infrastructure neocloud, while Penguin states its AI Factory platform combines software, hardware and system integration capabilities to help clients accelerate time-to-launch and meet service level agreements.

According to HTX market data, likely impacted by news that Upbit has listed the PUFFER/KRW trading pair, PUFFER surged 155% in 8 minutes, currently trading at $0.06.

Beating AI News Flash: StepFun has open-sourced the Step 5 Preview model weights, with FP8 and BF16 versions now available on Hugging Face and ModelScope, while supporting inference code has also been released simultaneously. The Step 5 Preview model has a total of 600 billion parameters, with only approximately 27 billion activated per generation, and supports a 1-million-token context window. A newly released technical blog reveals the model adopts a 92-layer "narrow and deep" architecture, allowing information to be processed through more layers to support multi-step reasoning in complex tasks. It also introduces Sparse Grouped Query Attention (Sparse GQA), merging indices of 8 adjacent tokens to reduce indexing and Top-k filtering overhead to 1/8 of that of per-token indexing schemes. During the reinforcement learning phase, the team incorporated context compression into training, enabling the agent to organize progress when tasks are too long before resuming execution. The model uses the custom StepFun Model License 1.0, which permits general commercial use, but hardware manufacturers such as mobile phone and automotive companies must sign a separate license agreement if integrating the model’s capabilities into commercial products. Enterprises operating MaaS (Model as a Service) businesses with total revenue exceeding $20 million over 12 consecutive months (including their own and affiliated entities) also need to obtain separate permission for commercial use.