Well-known Chinese crypto trader "Ma Ji" was forced to cut Bitcoin (BTC) long positions at a loss amid a market pullback, with his position size now standing at just 10% of its previous level.

According to GMGN market data, the meme coin Stonks on BNB Chain has rallied over 70% in the past hour, with its market cap bouncing back to $4 million and 24-hour trading volume hitting $9.5 million. The meme coin Stonks is inspired by BSC’s official trading event “BNB Stonks Szn” — “stonks” is also an American slang term meaning “stocks” — and is paired with the tokenized US stock QQQ (Invesco QQQ Trust, which tracks the Nasdaq 100 Index) on BSC, providing liquidity via the Stonks/QQQB trading pair. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

Beating AI News: DeepSeek has launched internal testing for its intermediate V4.1 Flash model version. Per an official WeChat group announcement, the new model adopts an updated architecture with native multimodal support, delivering stronger capabilities, faster speeds, and lower costs. Billing remains consistent with the V4 Flash model, with a maximum of 20 concurrent requests per account. Users can directly call the model without modifying the base_url—only need to replace the old model ID with deepseek-v4.1-flash-expires-on-0910.

According to GMGN data, the BSC-based tokenized stock BNC4 is trading at a premium of over 150% relative to the US stock BNC’s after-hours price. BNC4 is currently priced at $10.6, with its market cap doubling from a low of $3 million to $6 million. Per BIT (bit.com) market data, US stock BNC rose nearly 20% in after-hours trading, hitting $4.16. 4Stock is a “stock meme” narrative launched by Four.meme: it first rolls out 4Stock underlying assets linked to stock holdings, then allows the community to issue meme tokens using these assets as a liquidity pool. BNC4 is the first 4Stock, pegged 1:1 to its corresponding stock asset. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.

Beating AI News Brief: Xiaomi has unveiled its new-generation MiMo-X series for the first time, with the initial lineup including two models: MiMo-X-Pro-Preview and MiMo-X-Flash-Preview. The public access point is the newly launched Xiaomi MiMo Desktop, available for free on a time-limited, limited-quantity basis to invited users. The company has not yet disclosed parameters, context window length, benchmark scores, or API launch timelines for the two models. The MiMo-X series is targeted at professional work scenarios such as complex reasoning, multi-agent collaboration, large-scale programming projects, Office, web and interaction design, video editing, 3D generation, music creation, and computer control. The MiMo Desktop can directly read materials like documents, spreadsheets, images, and videos, automatically break down tasks, call tools and browsers, and deliver editable outputs including PPTs, web pages, and apps; large tasks can also be split for multi-agent collaboration. Xiaomi teased its first MiMo desktop application and new models at an earnings conference three weeks ago, and both have now entered preview testing together.

According to GMGN data, the token of the Stratton Market project, STRATTON, has extended its rally, pushing its market capitalization to $9.5 million. The token has surged over 70% in the past 24 hours, with a 24-hour trading volume of $2.1 million. Notably, STRATTON was launched on September 3, and its core narrative is identical to that of the currently trending 4Stock. Stratton Market (STRATTON) is deployed on Robinhood Chain, merging "US penny stocks" and "meme launches" into a single strategy. Its key concept is to first convert micro-cap stocks listed on the New York Stock Exchange and Nasdaq into on-chain tokens (dubbed TICKERx in the project, examples include TOONx, DSSx, AIXIx) at a rate of one token per share, then use these stock tokens as quote assets to power launchpads for new meme tokens. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.

According to Tradingbeats data, crypto figure "Big Brother Ma Ji" (Huang Licheng) is set to liquidate his 40x leveraged long Bitcoin (BTC) position, which now holds only 23 BTC. Notably, the unrealized floating profit from Ma Ji’s BTC long once reached as high as $1.6985 million on September 4, when he held around 553 BTC with an average entry price of roughly $79,196.5, while BTC’s hourly peak hit approximately $82,268. His current BTC long position has incurred a total loss of ~$1.0371 million, including cumulative trading fees of ~$167,800 and funding fees of ~$79,900. If he liquidates the entire position now, the total loss for this round is projected to be around $1.308 million. Notably, while cutting losses on his BTC long position, Ma Ji has been steadily adding to his HYPE long position. His HYPE long position has risen to 212,000 tokens, with a net addition of ~96,500 tokens in the past 24 hours, equivalent to a new nominal value of ~$8.1 million at current prices. The address currently holds a HYPE long position worth ~$17.77 million, using 10x leverage, with an average entry price of ~$87.37 and an unrealized floating loss of ~$749,800. His recent HYPE additions were mainly concentrated in the price ranges of $86.5 and $83.4 to $83.9.