A whale has deposited 1 million USDC into Hyperliquid to short BTC with 20x leverage.

Beating AI Flash News: StepFun has not officially unveiled its Step 5 model, but a preview version has surfaced early on Artificial Analysis. Step 5 Preview is a multimodal inference model. Artificial Analysis (AA) reports it has approximately 600 billion total parameters, with 27 billion activated per inference, supporting image input and a 1 million-token context window. It scored 44 points in the latest Intelligence Index, matching Kimi K3 Max. On Terminal-Bench 4.0, Step 5 Preview notched 33% while Kimi K3 scored 13%; both posted 59% on SciCode. Step 5 Preview costs $1 per million input tokens and $2.7 per million output tokens, compared to Kimi K3’s $3 and $15 respectively. Step 5’s output price is less than one-fifth of Kimi K3’s, and AA’s full Intelligence Index run costs only about a quarter of Kimi K3’s. StepFun has not officially announced Step 5, but AA has completed evaluations via the StepFun API. The parameters and pricing are not yet final official specifications.

Former U.S. President Donald Trump posted on Truth Social that many people find the term "Artificial Intelligence" inaccurate and awkward, making it an inappropriate descriptor for AI. For this emerging phenomenon, more elegant and precise alternatives are Superior Intelligence (SI), Extreme Intelligence (EI), or Supreme Intelligence (SI). This is a poll, and he hopes everyone will vote: What is the best name for this evolving "revolution"? To date, 10,183 votes have been cast, with 1 day remaining until the poll closes.

Analyst NoName notes that Bitcoin has formed a descending wedge within an uptrend, with prices gradually consolidating between two downward-sloping trendlines. The key factor is not the pattern itself, but its formation location: if BTC breaks above the upper trendline and holds, the next target zone is $84,000 to $90,000. The alternative scenario is a downward sweep to $72,000 to $74,000 to secure liquidity before launching the next rally. NoName advises against rushing to predict direction; instead, traders should watch which side BTC breaks first before formulating a plan around that direction. The analyst also points out that the total market capitalization of altcoins is currently only around $1.1 trillion, meaning their real expansion has not yet begun, and the next six months will be full of surprises. If BTC reclaims its all-time high, market attention may gradually shift to Ethereum (ETH), with capital rotating further—starting from ETH, spreading to mid and small-cap altcoins and meme tokens, a phase that typically signals the onset of a bullish frenzy. Under this scenario, the total crypto market cap could surge to $10 trillion to $12 trillion.

Binance Wallet Issues Security Alert: iPhone Users Urged to Check for FomoPeek App Installation Binance has released a security alert, noting awareness of a recent security incident disclosed by the crypto community. According to security firms including SlowMist, the third-party app FomoPeek (versions 1.1–1.2) contains malicious code that exploits iOS vulnerabilities to gain full device access, potentially stealing sensitive data stored on the device—including private keys, mnemonics, login credentials, chat logs, and files. This malware targets the device itself; if successfully executed, it could grant access to data from all apps on the affected device. Users are advised to verify two key points: 1. Are you using an iPhone or iPad running iOS 26.x or earlier? 2. Have you installed the FomoPeek app? If both apply, take these immediate steps: 1. Delete the FomoPeek app and do not reinstall it. 2. Update your iOS to the latest version. 3. For self-custody wallet users: Create a new wallet on a device that has never had the app installed, then transfer your assets to the new wallet address. 4. If you spot any unusual asset activity, preserve the affected device and relevant evidence, and contact customer support for further investigation. Binance also reminds all users to avoid installing apps from untrusted sources and keep their device software up to date.

Solana ecosystem project Paid announced it has launched token issuance functionality on Pons. The project’s official stated that 80% of fees will be sent to X users via X Money, while 20% will be converted to SOL to repurchase PAID tokens. Issuers can send fees through X Money by adding an X Handle to their project’s text description. Public information shows UsePaid is an automatic creator fee-splitting tool for token creators, enabling project teams to import creator fees generated from meme coins into UsePaid for distribution or repurchase and burning. According to GMGN market data, PAID’s market capitalization on Solana stands at $23.7 million, with a 24-hour decline of 25%. BlockBeats reminds users that related token prices are highly volatile, so investment requires caution.

Senior Iranian sources have revealed that Qatar and Pakistan, serving as mediators, have informed Iran that the United States is prepared to negotiate and strike a deal, and is serious about advancing this process. The sources added that Iran, for its part, is ready to resume implementing the Islamabad Memorandum of Understanding within days, provided the US returns to the memorandum and honors its terms. However, Iran is demanding tangible and credible guarantees to ensure it will not face further attacks. Once the US implements the substantive provisions of the memorandum—including halting hostilities, lifting the blockade against Iran, and allowing Iran to export oil—Iran will immediately launch negotiations on nuclear issues and sanctions relief. Iran has reached a consensus with Oman on the Strait of Hormuz, but stressed that "Iran will not reopen the strait as long as the blockade remains in place and no agreement is reached with the US," according to the sources. (CCTV News)