Flap launches perpetual contract vault, and will activate its contract market simultaneously once the meme coin is issued.

On-chain analyst Ai Yi (@ai_9684xtpa) monitored that trader Loracle took profits on his short positions in PONS and CASHCAT—held for over half a month—22 hours ago, generating a total profit of $2.37 million. Loracle has since reopened a short position in PONS worth roughly $330,000 and is still adding to it, with an average entry price of $0.713.

According to official announcements, on-chain perpetual futures trading platform Extended has announced its migration to Arc, as part of its strategic cooperation partnership with Circle. The two parties will collaborate across three key areas: anchoring on-chain transactions to Arc, advancing tokenization of real-world assets (RWAs), and expanding trading coverage and liquidity for spot and perpetual markets. Extended added that the pair will also drive distribution of their trading products both within and outside the crypto market, and expand product reach via primary institutional partners. Arc also boasts strong technical compatibility with Extended, featuring sub-second deterministic finalization, predictable USD-denominated gas fees, and EVM compatibility. The migration is designed to minimize disruption to users and ensure uninterrupted trading operations. Extended stated that it will release further details on the partnership, migration timeline, and implementation steps, and will notify users of any required actions ahead of the migration.

Beating AI News Brief: Meta’s personal AI agent product Muse, launched 10 days ago, has claimed the No.1 spot on the U.S. App Store’s free app chart, surpassing established AI apps including ChatGPT, Gemini, and Claude. Designed to help users complete tasks directly rather than just chat, Muse can handle daily affairs on users’ behalf—such as managing emails, filling out forms, shopping, and booking appointments—executing operations via a virtual environment and requiring user confirmation for sensitive actions. Since its launch, Muse has remained among the top ranks of the U.S. App Store’s free chart, and has now risen to the No.1 position. AI agents are transitioning from developer tools to the general consumer app market, marking a paradigm shift for AI applications.

According to market data from BIT (bit.com), US stocks opened with the Dow Jones Industrial Average down 0.1%, the S&P 500 down 0.1%, and the Nasdaq up 0.3%. Leading tech stocks were mixed: Google (GOOG.O) rose 2.5%, Intel (INTC.O) gained 1.3%, and SK Hynix (SKHY.O) advanced 0.4%. Corning (GLW.N) climbed 3.2% after the company announced a price adjustment of 15% or higher for its display glass substrate products priced in Japanese yen.

According to Bloomberg, the U.S. Commodity Futures Trading Commission (CFTC) is delivering on its earlier pledge to fast-track crypto regulatory rules. A landmark digital asset bill failed to advance in the U.S. Senate earlier this week. As the futures and swaps regulator designated to be the primary oversight body for crypto markets under the CLARITY Act, the CFTC has submitted a new proposal to the White House for review, focused on regulating crypto asset trading and markets. U.S. Office of Management and Budget (OMB) data released Friday indicates the proposal was received on Thursday.

Beating AI Express: MiniMax has officially open-sourced MiniMax Code CLI v0.4.12 under the MIT license. As the core command-line tool for MiniMax Code, it is responsible for reading code, modifying files, calling tools, and executing tasks. The desktop version is not open-sourced in this release. MiniMax also announced a set of test results: MiniMax Code 0.3.2 paired with Kimi K3 completed 23 out of 30 programming tasks, with a pass rate of 76.7%. The median time for successful tasks was 4 minutes and 33 seconds, outperforming public baselines such as Codex and Claude Code.