A whale that netted $3.7 million from swing trading Ethereum (ETH) is chasing the rally again, adding 7,567 ETH to its holdings.

According to Xinhua News Agency, local time on September 20, He Lifeng, China’s lead negotiator for China-US economic and trade talks and Vice Premier of the State Council, held economic and trade consultations in New York with US counterparts: US Treasury Secretary Bessent and Trade Representative Greer. Guided by the important consensus of the two heads of state, and adhering to the principles of mutual respect, peaceful coexistence and win-win cooperation, the two sides held candid, in-depth and constructive exchanges on major economic and trade issues of common concern, including implementing the consensus from previous rounds of economic and trade consultations and promoting bilateral trade and investment, and also held a dialogue on artificial intelligence-related issues.

The cryptocurrency market continues its recovery, with Strategy — the world’s largest corporate Bitcoin treasury firm — now seeing its unrealized profit on Bitcoin holdings expand to $5.02 billion, after previously posting an unrealized loss of $10 billion. Strategy currently holds 845,000 BTC and $6.4 billion in reserve assets.

According to HTX market data, Bitcoin briefly dipped below $81,000, with a 0.09% decline over the past 24 hours.

Beating AI Express (from Dongcha) reports that the AI wave is disrupting the traditional asset diversification logic of pension funds and sovereign wealth funds, with risks spreading from tech stocks to private equity, corporate bonds, infrastructure and other sectors, prompting institutional investors to reassess their overall portfolio AI exposure. Goldman Sachs estimates that AI infrastructure-related companies account for around 40% of the total market capitalization of the S&P 500. Apollo data shows that this year, AI-related issuances make up nearly half of investment-grade bond issuance and 87% of venture capital funding. Monte Tarbox, chief investment officer of the New York City Retirement Systems, recently even rejected a private equity fund’s capital-raising request due to its overexposure to AI holdings. A key challenge facing institutions now is the lack of a unified standard for measuring AI exposure. The Los Angeles County Employees Retirement Association (LACERA) estimates that 8% to 19% of its holdings are AI-related. Invesco’s survey of 90 sovereign wealth funds found that more than half list market concentration as the top risk of AI investments. To address AI risks, some large institutions are adopting the "Total Portfolio Approach (TPA)", breaking down barriers between asset classes such as stocks, bonds, private equity and infrastructure to track overall AI-related exposure and inter-asset correlations. At the same time, some institutions are using AI tools to monitor their own portfolios, avoiding excessive concentration risks while chasing AI gains.

Swing trader 0x4cee, who sold 10,500 $ETH ($23.64M) at an average price of $2,252 a month ago for a $3.66M profit, just bought back 7,567 $ETH ($19.93M) at a higher price 2 hours ago!

Zhipu AI’s ZCode is officially open-sourced. The company stated that it has completed rectification of product security issues previously reported by the community, and is open-sourcing the code to allow community oversight. According to the official announcement, ZCode v3.14.0 has removed the Repo Wiki feature and cut off the local repository snapshot generation and upload pipeline. After completing the rectification, Zhipu invited the China Academy of Information and Communications Technology (CAICT) and Green Alliance Technology to conduct a security audit. Both institutions confirmed that the relevant cloud data has been cleaned up, and no functional paths in the new client version were found that could trigger local repository snapshots or file exfiltration. In response to code data concerns previously raised by the community, Zhipu reaffirmed that the relevant code data is "not retained and has never been used for model training". Moving forward, ZCode will establish a regular security vulnerability reporting mechanism, and offer corresponding rewards to developers based on the severity of reported issues.