South Korea's KOSPI opens 1.9% higher. Japan's Nikkei 225 opens 0.25% lower.

CoinUp stated that recent tweets by Binance co-founder He Yi on X regarding personal disputes involving Zhu Pan have drawn market attention to the platform. In response, CoinUp has repeatedly clarified that Zhu Pan is not a member of CoinUp, but rather the project party of a project listed on the platform. CoinUp’s core business, risk control system, product services, and daily operations are fully managed by its independent team, and any claims directly linking his personal actions to the CoinUp platform are inaccurate interpretations. CoinUp also noted that improper interpretations made by some netizens and social media accounts based on false information have caused serious negative impacts on the platform’s reputation. In response to false allegations such as “runaway” and “fraud”, CoinUp firmly denies these claims, reserves the right to pursue relevant responsibilities in accordance with the law, and calls on all users and industry peers to base their actions on facts, refrain from spreading rumors, and not believe unsubstantiated claims. CoinUp emphasized that the platform’s current deposit, withdrawal, and trading functions are all operating normally. Its wallet system, account infrastructure, and asset custody are running safely and stably, with user assets and data remaining intact. The recent sharp short-term fluctuations in CPX/USDT are mainly due to concentrated selling pressure from the market side; the platform has launched a comprehensive investigation and will continue to update relevant progress. CoinUp stated that since its establishment, it has always prioritized user asset security and compliant platform operations. The platform will continue to engage with the market and users with a transparent and responsible attitude, noting that any individual actions should not be improperly linked to the platform itself. CoinUp also thanked all users for their continuous trust and support.

According to Hyperinsight monitoring, ahead of Micron Technology (MU)’s earnings report, trading activity on Hyperliquid’s MU contract has surged significantly. The 24-hour trading volume is approximately $459 million, while open interest stands at $195 million. The contract price hit around $1,030 in the early hours of today before rebounding, and is now trading at $1,091. Between last night and this morning, two major on-chain short whales successively opened MU short positions, with a combined size of $8.3 million at an average entry price of around $1,071. They are currently facing small floating losses, and their latest liquidation line is at $1,470. The two addresses collectively hold $55.5 million in total US stock short positions, one of which belongs to well-known trader CBB. The addresses are: 0xda3768e9299e1fd81708ec030dac5ea37125f7b5; 0x49e96e255ba418d08e66c35b588e2f2f3766e1d0

YZi Labs' management entity YZi Labs Management announced an agreement with Nasdaq-listed firm CEA Industries (BNC) to further optimize its digital asset strategy and corporate governance. Per the deal, BNC and YZi Labs will jointly recruit an independent director with expertise in digital assets, capital markets, and listed company governance to enhance the board structure. David Namdar, who previously served as CEO, will remain in his role during the transition period. YZi Labs has agreed to terminate its earlier-launched consent solicitation campaign and withdraw related requests for access to corporate books and records and shareholder record dates. The agreement signals an end to potential governance disputes between the two parties, as they pivot to driving company growth via board restructuring and management optimization.

According to Taiwanese media reports, tech analysts point out that TSMC has been notifying its clients sequentially of wafer foundry price hikes. The price increases cover not only the widely-rumored 3nm process, but also all advanced processes at 7nm and below, with an overall range of 5% to 10%. The move impacts approximately 75% of the company’s total wafer foundry revenue. (Jinshi)

Cardano ecosystem project SecondFi announced on social media that its team has pinpointed the root cause of the recent security incident, which stems from its own Cardano network wallet generation software. The team has completed on-chain analysis to assess the scope of the impact, and is now working with a leading blockchain security firm to conduct an independent technical evaluation to validate its findings. The overall estimated impact amounts to roughly 16 million ADA, and the project is still addressing related operational issues while committing to ongoing support for affected users. Separately, Cosine, founder of blockchain security firm SlowMist, noted that judging by the funds in the hacker addresses, SecondFi’s user losses should theoretically exceed $20 million (over 129 million ADA and other tokens were stolen).

SpaceX issued $25 billion in investment-grade bonds on Tuesday, marking the final step in refinancing its high-cost debt. The debt was previously used to fund Elon Musk’s 2022 acquisition of X (then named Twitter), as well as loans and bonds issued by AI lab xAI last year to cover its rapid cash burn. Had these entities not been merged into SpaceX, they would have paid approximately $1.8 billion in interest expenses this year on a combined $17.5 billion in debt. Now, the merged SpaceX, via its inaugural $25 billion bond offering, will take on annual interest costs of around $1.5 billion.