Garrett Jin closed 500 BTC short positions, earning $80,000 in profits.

X Business has announced the launch of its "Cashtag Partners" program, which aims to further integrate financial information and trading capabilities for stocks and crypto assets. X notes that its platform serves as a key source for traders and investors to access financial news, and the Cashtag Partners initiative will enable users to more easily connect financial discussions on the platform with trading functions. According to a released video, the program’s partners include Kraken, moomoo, Gemini, Interactive Brokers, and Coinbase.

According to monitoring by Ai Yi, the address 0x77d…ae0e9 opened a long position of 41,228 ETH on Hyperliquid at an average price of $2,693.92 at 23:28 last night, amid ETH’s price rally. The position is valued at approximately $112 million, making it the fourth-largest ETH long position on Hyperliquid to date. As of press time, the address holds an unrealized profit of around $1.524 million. Earlier, this address had taken long positions on both BTC and ETH, exiting both trades with profits, generating a total gain of $3.283 million, bringing its current win rate to 100%.

The Balancer community has proposed a "Fork and Reincarnate" plan, designed to continue Balancer’s technology and ecosystem via an official fork in the event the original protocol faces potential shutdown, with the new protocol positioned as a tokenized stock trading platform. The proposal suggests MAXYZ lead the establishment of a new official fork entity, migrating part of Balancer’s liquidity, team members, partners, users, and intellectual property to the new protocol, while extending the suspension deadline for existing pools and the Balancer Vault to Q2 2027. For funding, the plan allocates Balancer’s remaining ~6 million uncirculated BAL tokens as seed capital for the new project, valued at roughly $690,000 at current prices. In exchange, if the new protocol conducts a future token issuance or other liquidity exit events, the Balancer Treasury will receive 10% of the new protocol’s token’s fully diluted valuation (FDV) upfront. The new protocol will leverage Balancer’s core technologies—including multi-asset pools, dynamic weights, dynamic fees, LVR capture, and permissioned pools—focusing on tokenized stocks and other traditional financial assets on-chain. Using the U.S. stock market’s average daily trading volume of $750 billion as a benchmark, the proposal estimates that if 10% of that volume moves on-chain, with a 1 basis point fee and 1% market share, theoretical annual revenue would reach approximately $27.4 million. Additionally, the proposal intends to grant the new fork a permanent, irrevocable, non-exclusive license for Balancer-related intellectual property; if the original Balancer entity is dissolved, this license will be upgraded to an exclusive assignment of the held intellectual property.

Exclusive: Beating AI News Flash OpenAI has established a "Mathematics and Artificial Intelligence Advisory Group" hosted by Princeton’s Institute for Advanced Study (IAS). The company stated that an internal research model has solved over 100 long-standing open problems spanning multiple mathematical fields, including the previously announced research on the Navier-Stokes Millennium Prize Problem. Most of these findings remain unpublished. The advisory group will assess the significance of these results, their publication approach, and compliance with academic standards. Its first nine members include three Fields Medal winners: Timothy Gowers, Martin Hairer, and Edward Witten. Members will not receive compensation from OpenAI, may publicly criticize the company, and can independently release recommendations. However, the group holds no decision-making power and will not determine the pace of OpenAI’s internal mathematical research. This move is OpenAI’s direct response to recent dissatisfaction from the mathematics community. Earlier, 25 Fields Medal winners including Terence Tao, Yufei Zhao, and Peter Scholze released a joint statement accusing AI companies of framing the solving of major math problems as a benchmark, which has begun to harm mathematical research. The statement acknowledged that large models have advanced rapidly in recent months and can solve several important open problems across fields, but emphasized that mathematics prioritizes the new concepts, methods, and understanding generated from such solutions.

According to EmberCN’s monitoring, a crypto whale or institutional entity has recently liquidated its holdings of 31.4 million CRV tokens held for roughly three years, incurring a total loss of around $4.1 million, equivalent to a 27% loss rate. The address in question withdrew and accumulated the 31.4 million CRV from Binance between 2023 and 2024, with a total investment of approximately $15.13 million, translating to an average cost of $0.48 per token. Over the past two weeks, the address has transferred these CRV to OKX for sale, fetching an average selling price of roughly $0.35 per token.

Tom Lee (@fundstrat)'s #Bitmine keeps buying $ETH, withdrawing another 12,500 $ETH($34.55M) from #Kraken today.