BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

According to Bitget market data, Hong Kong-listed Southern’s 2x Long Samsung Electronics (07747) plunged over 20%, while Southern’s 2x Long SK Hynix (07709) dropped more than 18%.

The Iranian military stated that it used drones to strike a U.S. military force deployment and logistics support center in Kuwait. (Jinshi)

According to Bitget market data, amid the launch of Kimi K3 and expectations that DeepSeek will go public next year, A-share-listed Jiuan Medical has posted three consecutive daily 10% price gains over four trading days, hitting its daily 10% price limit today. On the news front, Jiuan Medical holds stakes in both DeepSeek and Moonshot AI (Kimi). After Kimi K3’s launch yesterday, it topped the front-end code rankings, outperforming Claude Fable 5. Meanwhile, online rumors indicate DeepSeek could list on the Shanghai STAR Market as early as Q2 next year. Additionally, Jiuan Medical’s "AIoT Diabetes Home Medical Assistant" project is advancing steadily: it has assembled an AI team of over 30 members, trained a vertical large model using approximately 479,800 private user data points, and plans to launch the full AI module for small-scale gray testing in Q2 2026.

According to Bitget market data, Hong Kong-listed Zhipu AI saw its shares plunge over 17% during intraday trading, and is now down nearly 15%. On the news front, its direct competitor Moonshot AI released Kimi K3, which outperformed Claude Opus 4.8 and GPT-5.5 in certain programming and agent tests. Additionally, Anthropic publicly named Zhipu for the first time yesterday, accusing the firm’s GLM-5.2 model of distilling models from Claude and OpenAI.

According to on-chain analyst Ai Yi (@ai_9684xtpa), ETH long positions held by crypto personality "Big Brother Ma Ji" (Huang Licheng) have faced sustained pressure. He has gradually reduced his holdings from a peak of 16,575 ETH to 9,600 ETH, valued at approximately $17.76 million. The account has recorded a total drawdown of $1.008 million in the past 24 hours, with floating profits nearly wiped out. Currently, the position has only a $16 price gap remaining before hitting the liquidation price, placing it on the brink of extreme danger.

According to Reuters, Trump Media will sell faster access to posts published on Donald Trump’s Truth Social platform. The new service will allow traders and investors to pay for real-time pushes of Truth Social posts. This data feed service will be available to institutional clients, including high-frequency algorithmic trading firms, starting next month. Trump Media stated that some clients have already signed up before the official launch, but it did not disclose specific pricing for the service, nor how much earlier clients will receive Trump’s posts compared to regular users.