Crypto assets saw a short-term flash crash, with $523 million in total liquidations across the crypto network in the past hour, dominated by long positions.

Per TradingBeats monitoring, crypto personality "Big Brother Ma Ji" Huang Licheng trimmed his long positions in ETH and BTC while adding to his long HYPE positions, bringing his total positions down to $95.16 million. His current positions are as follows: ETH long positions worth ~$67.75 million, with an unrealized profit of ~$1.81 million and an entry price of $2,526.46; BTC long positions of ~$15.02 million, with an unrealized loss of ~$30,000 and an entry price of $80,923.4; HYPE long positions of ~$12.44 million, with an unrealized loss of ~$160,000 and an entry price of $92.64.

According to the Financial Times, as borrowing costs rise, Wall Street expects the United States to issue roughly $1 trillion in short-term debt.

Beating AI Insight News Brief: Zhipu AI’s MaaS (Model as a Service) platform announced it will soon launch a "No Data Retention" feature. After users apply to enable this function, inputs and outputs from calls to general models will no longer be statically stored on the platform, with data only used to complete the current call. However, not all data is exempt from retention: features requiring persistent data such as Batch API and File API are not covered, while requests suspected of violating rules or being abused may also be retained for 30 days or longer. This mechanism is commonly called ZDR (Zero Data Retention), a feature already offered by model platforms including OpenAI, Anthropic, xAI, and Mistral, primarily targeting sensitive data like code and corporate documents that users do not wish to keep on model providers’ servers. Recently, Zhipu’s ZCode sparked controversy for its default upload of users’ repository data. Zhipu has issued a public apology and promised to open-source the project for review. Today, another enterprise sent a letter demanding Zhipu clarify the whereabouts and deletion status of the uploaded data. Zhipu did not state whether the MaaS feature update is related to the ZCode incident.

During the weekend closure of traditional markets, Trade.xyz – dubbed the "on-chain Nasdaq" – enables continuous trading and real-time price discovery via perpetual contracts, pricing in advance for Monday’s U.S. and South Korean stock sessions. Most popular U.S. stocks on Trade.xyz are trading lower than their Friday closing prices, signaling an overall small pre-market opening dip on Monday: SanDisk (SNDK) is currently at $1761.75, down 1.68% from Friday’s close of $1791.82; Marvell Technology (MRVL) stands at $240.79, down 1.42% from Friday’s $244.25; Micron (MU) is at $1001.85, down 1.37% from Friday’s $1015.8; AMD is at $554.09, down 1.02% from Friday’s $559.82; NVIDIA is at $220.49, down 0.80% from Friday’s $222.27; Google is at $349.53, nearly flat from Friday’s $349.54; Intel is at $109.81, up 1.11% from Friday’s $108.6. All popular South Korean stocks on Trade.xyz are trading slightly lower than their Friday closing prices, pointing to small opening dips for Samsung Electronics and SK Hynix on Monday: Samsung Electronics is at $187.26, down 0.62% from Friday’s $188.42; SK Hynix is at $1332.95, down 0.53% from Friday’s $1340.

Fed’s Kashkari stated that the U.S. Federal Reserve’s task is to bring inflation back to its 2% target. Inflation remains too high, and it is not solely driven by oil price factors.

According to Coinglass data, Coinbase’s Bitcoin Premium Index has turned negative again, now standing at -0.0198% (compared to 0.0013% yesterday), as buying sentiment in the U.S. market has slumped once more. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin prices on Coinbase, a leading U.S. crypto exchange, and the global average market price. It is a key indicator for monitoring U.S. market capital flows, institutional investment activity, and shifts in market sentiment. A positive premium indicates Coinbase’s Bitcoin price is higher than the global average, typically signaling strong buying demand in the U.S. market, active inflows of institutional or compliant capital, ample U.S. dollar liquidity, and generally optimistic investment sentiment. A negative premium means Coinbase’s Bitcoin price is lower than the global average, usually reflecting heavy selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.