Trader turns $875 into $797K with 910x $MarsCoin return in days

JPMorgan Chase cuts Reddit (RDDT.O) price target from $200 to $185.

James Wynn(@JamesWynnReal)'s 50x #SP500 short was partially liquidated again 4 hours ago. Current position: 164.96 xyz:SP500 ($1.23M) New liquidation price: $7,484.48

According to monitoring by lookonchain, well-known trader James Wynn (@JamesWynnReal) partially closed his 50x S&P 500 index short position again four hours ago. His remaining position now stands at 164.96 shares of xyz:SP500, valued at approximately $1.23 million. The partial close was executed at a price of $7484.48.

NEAR Protocol announced it has launched a staking-powered AI fee payment feature, enabling users to pay for confidential inference and continuous runtime agent fees by staking NEAR tokens, with no credit card required. Staked NEAR is converted into monthly computing credits, whose balance grows as the staked amount increases. The funds are not consumed and can be withdrawn after unstaking. All 43 models available on NEAR AI—including those from Anthropic, OpenAI, Google, and others—are accessible via this staking mechanism.

JPMorgan Chase raised Amazon's price target from $330 to $365, maintaining its bullish rating.

According to a Wall Street Journal report citing people familiar with the matter, Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, suffered major losses during the sharp downturn in AI stocks in July, with its net value dropping roughly 67% that month. The fund had previously held heavy positions in AI-related equities. As those holdings plummeted, it was forced to sell most of its stock positions to raise cash and meet margin calls from lenders; a significant portion of these positions was acquired by Ken Griffin’s Citadel. In a letter to investors, Aschenbrenner stated, “This month we let you down.” He attributed some of the losses to short sellers exacerbating sell-offs, noting the fund faced pressure similar to a “bank run.” Still, Situational Awareness had posted massive gains earlier this year: by the end of May, its returns had hit 270%. Even after July’s plunge, it remains up around 80% year-to-date. The report adds that since its launch roughly two years ago, the fund once managed over $20 billion in assets. Aschenbrenner had no prior professional investment experience, but his research and influence in the AI sector led some investors to view him as a leading figure in AI investing. The fund still holds stakes in private AI companies including Anthropic.