Bitcoin Drops Below $85,000

Insight Beating AI Express: NaiveAI, founded by Tsinghua University associate professor Dai Jifeng, has released Naive-N0.5-Flash and made its model weights publicly available. The model is modified from Xiaomi’s MiMo-V2.5 Base and open-sourced under the MIT license. NaiveAI retains the original MoE architecture, with key adjustments to the attention mechanism: replacing global attention with sliding window attention and DeepSeek sparse attention, followed by further training on 3.25 trillion tokens. The modified model natively supports a 1 million-token context window, reducing computational overhead when processing ultra-long texts. AI was directly involved in R&D: it handled coding, experiment runs, result analysis, and optimization, while researchers set directions and made key decisions. Taking inference system NaiveRT as an example, the team conducted 151 optimization experiments over 6 days, with 63 rounds adopted. The official announced a maximum inference speed of 2122 tok/s, but the test conditions were special: using 8 GPUs, disabling thinking mode, excluding input processing time, and selecting the best-performing second from 41 requests. Under standard conditions, the official provided a speed of approximately 50 tok/s per user.

Crypto trader Ansem said he is quite optimistic about the true recovery of NFTs in this cycle. Art NFTs may see another rally, but what deserves more attention is the innovation around NFT formats, including AI agents, ownership mechanisms, new issuance methods, and various models of integrating NFTs with on-chain products. He believes that as the broader on-chain asset rotation remains in its early stages, the NFT space may witness more new applications and design explorations going forward.

The Securities and Futures Commission (SFC) of Hong Kong and the Accounting and Financial Reporting Council (AFRC) today signed a new Memorandum of Understanding (MOU), expanding their regulatory cooperation beyond oversight of financial reporting and related audit work for listed entities. The new MOU covers financial and compliance reporting of licensed corporations, virtual asset service providers licensed by the SFC, SFC-authorized funds, and registered open-ended fund companies, as well as relevant audit and assurance work carried out by their auditors. Additionally, the MOU establishes a comprehensive framework for information sharing, case referral, mutual assistance, and coordinated inspections and investigations related to regulatory matters of common concern to both parties.

According to data from Alternative, the Crypto Fear & Greed Index stands at 74 today, just 1 point away from "Extreme Greed", with a weekly average of 70. Meanwhile, HTX market data shows Bitcoin has pulled back to the $83,000 level, currently trading at $83,488; Ethereum is at $2,656, down 1.52% in 24 hours. Altcoins are seeing mixed performance with sector rotation: some previously strong altcoins have entered a correction, while others that were weak earlier are rallying. Notable moves include: QNT up 52% to $261, ONE up 21% to $0.0027, GRT up 18% to $0.032, PUMP up 15.8% to $0.005, SEI up 14.5% to $0.0826; SAGA down 17.3% to $0.0255, PHA down 17.8% to $0.06, RUNE down 9% to $0.727, ZAMA down 8% to $0.082.

According to Lookonchain monitoring, long positions in HYPE have been continuously liquidated as the token’s price declines. On-chain data shows that one address was liquidated of 11,796 HYPE tokens an hour ago, worth approximately $1.06 million. The address currently still holds a long position of 47,184 HYPE, valued at around $4.24 million, with its new liquidation price standing at $88.50.

As $HYPE falls, $HYPE longs are getting liquidated! 0x1add had 11,796 $HYPE ($1.06M) liquidated an hour ago and still holds a 47,184 $HYPE ($4.24M) long. New liquidation price: $88.50