A whale transferred 1000 ETH to Binance after a year of hibernation

South Korea’s leading investment bank Meritz Securities has weighed in on OpenAI’s new GPT-6 Astra model, noting its significant technological advances—consistent with reports of surging GPU rental prices following Astra’s launch. It’s important to note that a drop in AI token prices does not necessarily reduce or slow the total addressable market (TAM) for AI hardware. Instead, the emergence of models like Astra could create another inflection point for the AI industry and structurally boost AI demand. “September’s stock market remains unsettled by high interest rates. Within the Korean market, hurdles persist—including the need to absorb a round of earnings forecast cuts driven by the sharp appreciation of the Korean won ahead of the Q3 preview season. Lingering discomfort is preventing accumulated positive factors from translating into a sustained trend. Overall, we maintain a conservative outlook on the market. Even so, we believe core positions in memory-centric AI infrastructure stocks should not be dumped en masse. Positive catalysts not yet priced into stocks are building up. While our baseline scenario remains conservative through mid-October, we should maintain upside risk exposure, meaning a trend led by AI and semiconductor leaders could shift at any time—even before October.”

According to crypto monitoring platform Yu Jing, the 433,000 HYPE tokens (valued at $38.14 million) that HyperLabs, the development team behind Hyperliquid, applied to redeem seven days ago were deposited into its address 12 hours ago. Nine hours later, the tokens were transferred to 11 separate addresses. The team now un-stakes and transfers out over 400,000 HYPE tokens monthly, which essentially equals its monthly staking interest income: the 241 million HYPE tokens it holds (worth $21.2 billion) generate a daily staking interest of 14,400 HYPE ($1.26 million), meaning the monthly interest is exactly the amount the team transfers out each month.

Crypto analyst Ted’s data shows that open interest in altcoins has now exceeded that of Bitcoin in the crypto market, marking the first such occurrence since December 2024. Ted also added a caption: “Do you remember what happened to altcoins after December 2024?”, hinting that altcoins, which saw sharp short-term gains, are prone to triggering liquidation events.

According to Yu Jing Monitoring, the Garrett Jin whale entity is the largest holder of native short positions in Zcash. The entity shorted 32,760 ZEC in early July at an entry price of $444. Over the past three months, ZEC’s price has surged from $400 to over $1,200, leaving the short position with an unrealized loss of $25.7 million. The entity also holds a long Bitcoin (BTC) position worth $107 million, generating an unrealized profit of $4.42 million, though it has paid $2.05 million in funding fees.

According to GMGN market data, the Solana ecosystem’s hype rally has been intensifying since last night and early this morning. Stonk, a token issuance platform supporting multiple major asset pairs, saw its market cap surge past $188 million before pulling back, currently standing at $137 million with a 24-hour gain of 225%. On the platform, ZCAT, a meme coin with ZEC as its liquidity pool base, has emerged as the leading token in this round of Solana rally, hitting successive new market cap highs. It crossed $170 million earlier this morning before retreating, now trading at $145 million, with a 24-hour increase of 239%.

NVIDIA CEO Jensen Huang posted on X, stating that OpenAI’s new model GPT-6 Astra was trained with approximately 100,000+ NVIDIA (NVDA.O) Grace Blackwell NVLink72 accelerators. It took just four years to develop from ChatGPT to o1 and now Astra, with Huang noting that AGI (Artificial General Intelligence) has arrived, and extending congratulations to the OpenAI team.