Ethereum Briefly Falls Below $2000

South Korea's Finance Minister stated that the country's stock market is overreacting to external factors. Given the nation's robust economic fundamentals, it is necessary to guard against excessive anxiety, adding that the government will take proactive steps to prevent market anxiety from escalating.

Beating AI Express Insight: Moonshot (Kimi) is seeking NVIDIA Blackwell computing power in Europe. An insider disclosed that the two sides have discussed plans to lease at least 8,000 Blackwell GPUs, primarily for model inference, with training also under consideration. To secure these chips, an additional premium may be required: one leasing proposal states that Moonshot’s advance payment would be 30% to 50% higher than that for non-Chinese clients. European cloud service providers are concerned that the U.S. may block Chinese enterprises’ remote access to advanced chips in the future, so they hope to recoup funds as soon as possible. Recently, U.S. restrictions on Chinese AI companies leasing overseas computing power have been tightening. NVIDIA requires overseas cloud service providers to allocate at least 51% of their services to non-Chinese clients; Oracle, pressured by the Trump administration, also canceled a roughly $7 billion AI computing power leasing contract with Tencent. The U.S. currently bans direct exports of advanced chips like Blackwell to China, but has not fully prohibited Chinese enterprises from leasing overseas computing power. In July this year, the White House accused Moonshot of using Blackwell via a Thai data center. Now, Moonshot is again seeking computing power in Europe, while the U.S. Congress is pushing legislation to further restrict such remote usage.

According to Lookonchain’s monitoring, prominent crypto figure “Big Brother Ma Ji” Huang Licheng has faced liquidation again. Over the past four days, the $223,000 he raised by selling 15 NFTs at a $505,000 loss has also been quickly wiped out. To date, his cumulative losses amount to $909,000 on Papertrade and $37.4 million on Hyperliquid.

Binance founder CZ posted regarding the "DarkSword" exploit, which can launch an attack via a simple Safari link by leveraging an iOS system vulnerability, stating: "Please update your iOS system in a timely manner, especially users who have not performed system updates for a long time. No wallet software can update the operating system on behalf of users. Self-custody means taking responsibility on your own."

The South Korean government stated in a statement that amid a sharp stock market plunge, it will relax rules on margin trading and short selling for three months.

Machi (@machibigbrother) got liquidated again! The $223K he raised by selling 15 NFTs, at a $505K loss over the past 4 days, was wiped out again quickly. He is now down $909K on @papertrade_xyz and $37.4M on Hyperliquid.