AI inference platform Baseten is seeking to raise $2 billion in funding, with a valuation of up to $30 billion.

According to monitoring by AI Aunt, the address 0xaea…c2416 previously shorted 9,700 ETH using 25x leverage, with a position value of roughly $22.46 million and an average entry price of $2,311.92. The address opened the short position on October 27, and closed it during ETH’s rebound following a pullback at 18:33 yesterday, with an average exit price of $2,239.5, netting around $692,000 in profit over five days. While holding the position, the short once saw an unrealized profit of $1.337 million. The account’s cumulative profit has now risen to $7.57 million, partially recouping the $916,000 it lost when shorting BTC in mid-October.

Privacy blockchain project Iron Fish announced it will formally end all remaining support for the Iron Fish network later today, and archive its code repository after fixing the underlying vulnerability. The team said it previously detected abnormal activity involving the wIRON token and ChainPort cross-chain bridge. After collaborating with ChainPort to review logs, the issue was confirmed to stem from an inflation vulnerability in the Iron Fish blockchain itself, with its root cause traced to a code commit in the Merkle Tree implementation from early 2019. A flaw in the nullifier calculation mechanism for transaction notes allowed attackers to double-spend the same asset, then aggregate the related assets and transfer funds out via the ChainPort cross-chain bridge. The team added that this code path had been subject to both internal and external audits, yet the vulnerability remained undetected. Iron Fish has now submitted a vulnerability fix patch and attached a detailed post-mortem analysis report in the relevant pull request (PR), and will subsequently close and archive its code repository. The project also warned that most crypto networks cannot upgrade their code immediately, and are facing growing security risks. As the ability to discover and exploit complex code vulnerabilities becomes more widespread, the security protection pressure on blockchain projects is rising.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $643.2 million yesterday, ending four consecutive trading days of net inflows. Over the same period, Ethereum ETFs saw a net outflow of $155.7 million, marking five straight trading days of net outflows.

Binance is buying back the stolen assets through market channels and OTC deals. Over the past 8 hours, Ethena(@ethena) has deposited 128.63M $ENA ($24M) into #Binance.

S&P Global Ratings has revised Meta’s credit rating outlook from stable to negative, citing rising uncertainty driven by the company’s high capital expenditures. The rating agency said it projects Meta will rely solely on debt financing by 2028 to cover its projected free operating cash flow (FOCF) shortfall. The outlook adjustment reflects market concerns that Meta’s expanding capital outlays—especially investments in AI infrastructure—could pressure its cash flow and financial health.

Whales are dumping $HYPE! Wallet 0x2685 sold 912,383 $HYPE ($82.09M) 6 hours ago, which it bought a month ago, making over $10M in profit. Wallet 0x648F sold 296,705 $HYPE ($26.72M) 8 hours ago, which it bought 11 months ago, making $16.5M in profit.