An Ethereum OG whale bought back 8,630.6 ETH this morning, incurring a swing trading loss of $8.03 million.

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the crypto market’s rally has saved the holdings of “Big Brother Ma Ji” Huang Licheng. His contract account once held only $800,000, and his total net assets have now rebounded to over $11 million. According to TradingBeats’ tracking, his current positions are as follows: Long ETH positions worth approximately $82.69 million, with an unrealized profit of around $4.28 million, entry price of $2,611.45, and liquidation price of $2,452.66; Long BTC positions worth ~$29.09 million, unrealized profit of ~$880,000, entry price $83,225.30, liquidation price $59,335.61; Long HYPE positions worth ~$15.18 million, unrealized profit of ~$140,000, entry price $93.08, liquidation price $36.18.

Insight Beating AI Flash News: DeepSeek is set to further scale up its models. CEO Liang Wenfeng disclosed to investors that the company is currently training a 2-trillion-parameter model, with plans to later develop an 8-trillion-parameter model. Its current flagship V4-Pro has only 1.6 trillion parameters. What does an 8-trillion parameter count mean? Among large models with publicly available weights, Moonshot AI’s Kimi K3 reaches 2.8 trillion parameters, making it the world’s largest open-source model. DeepSeek’s planned 8-trillion-parameter model would be nearly three times larger. However, a higher total parameter count does not mean all parameters are called every time the model runs. Kimi K3 uses a Mixture of Experts (MoE) architecture, with only 104 billion parameters activated per token out of its total 2.8 trillion.

According to Bitget market data, Meta's AI agent Muse has ignited a rally in chip stocks, with Hong Kong-listed chip shares surging across the board at the opening. Lanxum Technology jumped more than 14%, Dayshine Semiconductor rose over 8%, while Biren Technology, SMIC, GigaDevice, Hua Hong Semiconductor and other chip firms followed suit. According to BIT (bit.com) market data, Meta's US-listed stock closed sharply up 11.43% this morning, as its personal AI assistant Muse has overtaken ChatGPT to become the most popular free app on the U.S. iOS platform.

According to a Bloomberg report, people familiar with the matter revealed that US federal prosecutors are investigating Binance Holdings Ltd., operator of the world's largest cryptocurrency exchange, for violating US sanctions on Iran by failing to block certain transactions on its platform. The probe is led by the Manhattan Federal Prosecutor’s Office, with the US Department of Justice’s Washington Criminal Division also participating. Relevant authorities are reviewing whether Binance knowingly allowed the transactions in question.

Decentralized prediction market Trueo has announced its migration from the Base network to Ethereum mainnet. Ethereum co-founder Vitalik Buterin praised the move, stating: "I’m delighted to see Ethereum gain a strong new entrant in the prediction market space, one committed to decentralization and ethical principles, rejecting corporate-flavored mediocrity, and truly seeking to leverage these economic primitives to explore interesting and meaningful use cases." (Vitalik had earlier used similar language to criticize commercial prediction markets that overly prioritize short-term dopamine-inducing hype and low-value speculation.)

Animoca Brands and Nasdaq-listed Currenc Group have jointly suspended negotiations on a reverse merger, a plan previously targeted at taking Animoca public. The merger was first announced in November 2025. Animoca stated it remains committed to relisting on major trading platforms, while chairman Yat Siu noted that "corporate flexibility" is currently more important than a merger.