Largest BTC Short Seller on Hyperliquid Remains Trapped After Opening Short at High Price, Unrealized Loss Exceeds $6 Million

According to market data, privacy AI protocol Phala briefly crossed $0.06, currently trading at $0.05956, with a 24-hour gain of 66.8%. Official information shows that usage of its flagship privacy AI product Confidential AI has surged recently: the product processed around 5.5 billion tokens on September 15, rising to 16.8 billion and 17.8 billion tokens in the following days, and hitting 25.451 billion tokens on September 19. Supported mainstream models include GLM-5.3 (which often accounts for over 40–70% of usage), GLM-5.3 Flash, DeepSeek series, Kimi K3, and others.

Beating AI News Brief: Xiaomi’s MiMo has halted two publicly live-streamed reinforcement learning training runs. Both the Pro and Flash runs completed a full 30 training steps each, with total combined costs of $3.4747 million. The Pro run cost $2.6207 million, while the Flash run cost $854,000. The investment delivered clear performance gains: On DeepSWE v1.1, Pro’s score rose from 58.41 at step 1 to 72.57, a 14.16-point increase; Flash’s score jumped from 48.67 to 65.68, a 17.01-point gain. However, both curves showed noticeable dips in the middle, meaning scores do not rise steadily with longer training. Two additional benchmark tests also improved: Pro’s internal code evaluation score rose from 57.54 to 65.43, and its AutomationBench score increased from 45.2 to 53.1. The training process was not smooth: Pro encountered GPU out-of-memory (OOM) errors due to uneven expert load, plus disconnections and restarts between its training cluster and evaluator. Flash had to restart from step 15 due to infrastructure errors. Later, Xiaomi filtered out tasks that were too simple for Pro and removed the cyber dataset with abnormal rollout patterns from Pro’s subsequent training.

According to TradingBeats' monitoring, the crypto entity known as "Ma Ji" posted a $7.15 million profit over the past 24 hours, pushing its total account value back above $10 million. Its current long positions consist of 30,950 ETH (valued at $84.79 million), 279 BTC (valued at $23.72 million), and 89,000 HYPE (valued at $8.48 million).

Machi(@machibigbrother) is up $7.15M in the past 24 hours! His account value is back above $10M! Current long positions: 30,950 $ETH ($84.79M) 279 $BTC ($23.72M) 89,000 $HYPE ($8.48M)

BTC breaks above $85,000; ETH breaks above $2,750! Trader 0x06bc had 5,867 $ETH ($16.13M) of his short liquidated. Trader 0xec0b's 122.88 $BTC ($10.16M) short was fully liquidated.

According to HTX market data, HYPE is currently trading at $95.8, notching another all-time high, with a gain of over 4% on the day.