OTC Whale Takes $3.1M Loss, Sells 6,532 $ETH After Month-Long FOMO Buy

A week ago, Chun (@satofishi) sold 6,200 $wstETH ($18.5M) when $ETH was trading at $2,400. Over the past 2 days, he has bought back 5,246 $ETH ($10.78M) at an average price of $2,054.

According to data from BIT Stock Platform, AMD’s stock rose 3.82% and Broadcom’s gained 3.46% in U.S. pre-market trading. Among the potential beneficiaries of NVIDIA’s management turmoil, AMD and Broadcom are likely the largest winners. AMD is NVIDIA’s closest rival in the AI GPU market, while Broadcom is poised to expand its business in custom AI chips and networking equipment.

Binance has officially announced that Binance Wallet will distribute the latest Binance Alpha airdrop at 19:00 Beijing time today. Users holding at least 250 Binance Alpha points are eligible to claim the token airdrop on a first-come, first-served basis, until the airdrop pool is exhausted or the event concludes.

Beating AI News Flash: OpenAI announced that ChatGPT Finances has officially launched as a desktop application. Users can request the AI to generate personalized widgets based on their financial data, which will display directly on the Mac desktop. In an official demo, a user used a single prompt to have ChatGPT create three separate small windows showing monthly spending, investment assets, and their child’s college savings progress respectively. These widgets appear on the desktop right next to the chat window. The savings widget also allows adjusting monthly deposit amounts to predict when the goal will be reached. The data comes from the user’s authorized real financial accounts. ChatGPT integrates with bank, credit card, and brokerage accounts via Plaid, enabling it to analyze spending, identify duplicate subscriptions, track investments, and develop savings plans.

According to data from the BIT Stock Platform, pre-market trading in US stocks saw Neocloud, optical communications, semiconductor and storage stocks all decline across the board. Optical communications-related stocks fell: Coherent (COHR) down 4.9%, Lumentum (LITE) down 4.02%, Credo (CRDO) down 4.19%, Applied Optoelectronics (AAOI) down 4.73%, Ciena (CIEN) down 3.32%. The Neocloud sector also dropped across the board: CoreWeave (CRWV) down 6.8%, Nebius (NBIS) down 1.29%, IREN down 4.41%, Cipher Digital (CIFR) down 3.38%, Astera Labs (ALAB) down 3.81%. Storage stocks declined across the board: SanDisk (SNDK) down 3.77%, Seagate Technology (STX) down 3.36%, Western Digital (WDC) down 3.34%, Micron Technology (MU) down 3.27%. Cryptocurrency-related stocks fell: MARA Holdings (MARA) down 2.74%, Robinhood (HOOD) down 1.88%, Coinbase (COIN) down 2.69%, Strategy (MSTR) down 4.32%, Circle (CRCL) down 2.77%, Bitmine (BMNR) down 3.17%, BNB Standard (BNC) down 2.58%.

According to people familiar with the matter, Gemini Space Station (GEMI) — the holding company founded by the Winklevoss brothers that operates New York-based crypto exchange Gemini — has sold its UK and European operations to stablecoin payments firm KAST for less than $10 million. The source requested anonymity as the deal remains unannounced. A KAST job posting roughly a month ago already referenced the transaction, with the role requiring the incoming European general manager to oversee the handover of Gemini’s UK and EU-based staff and operations. Gemini declined to comment. A KAST spokesperson did not directly discuss the deal, but noted that as the firm’s revenue and operational footprint continue to expand, KAST is actively pursuing merger and acquisition opportunities. The sale follows Gemini’s decision earlier this year to scale back its international markets and restructure its business to cut costs and achieve profitability. In February this year, Gemini announced plans to gradually wind down its UK, EU, and Australian operations, cut roughly 25% of its global workforce, while retaining its U.S. and Singapore market operations.