Animoca Brands and Currenc Group Suspend Reverse Merger Talks

As $BTC rises, trader 0xc3ed has been liquidated 4 times in just 14 hours, with 375.8 $BTC ($32.55M) in shorts wiped out!

According to Bitget market data, Hong Kong-listed tech and internet stocks rose at the start of trading, with Tencent Music up over 6%, Tencent Holdings up over 6%, and Baidu, Kuaishou, and Alibaba each gaining more than 2%. On the news front, Meta’s AI assistant Muse has climbed to the top of the free charts on Apple and Google’s U.S. app stores. Its key capabilities include reading users’ social content on Facebook Marketplace and Instagram, connecting to third-party services such as Gmail, Apple and Google Calendars, OpenTable, and even accessing other websites via a browser. Market analysis holds that for Tencent, its WeChat-native AI agent “Xiaowei” shares a similar product logic with Muse, and inherently boasts advantages including social connections, content from official accounts and Video Channels, mini-programs, WeChat Pay, and a merchant ecosystem. Since June this year, “Xiaowei” has been gradually rolled out for small-scale gray-scale testing.

On-chain analyst Ai Yi (@ai_9684xtpa) tracked that the "smart money" address, which made a profit of $3.666 million from buying low and selling high ETH in August, has added $19.97 million in positions. The address withdrew 7,216 ETH from Binance an hour ago, and has accumulated a total of 14,783 ETH since yesterday, totaling $39.9 million in value, with an average withdrawal price of $2,699.44 and an unrealized profit of $720,000.

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.