Huang Renxun Meets with Representatives from Two Major South Korean Game Companies to Discuss Game AI Collaboration Scheme

Renowned trader Killa (@KillaXBT) published an analysis noting that Bitcoin’s historical bear markets typically complete a 5-wave correction and form two key peaks. The first peak often occurs during the first sharp rebound after the market top—this is the "complacency peak" where the market widely believes a bull market has returned—after which prices usually go on to hit new lows. He points out that a similar structure has been observed in the 2014, 2022, and 2026 cycles. After the complacency peak forms, the market typically sees a "dead cat bounce" that establishes a temporary bottom; as market sentiment worsens and short positions become concentrated, a short squeeze then drives a price rebound, with the final bottom usually forming after a second key retest. Killa argues that BTC has now swept through the bottom formed by the dead cat bounce and completed a 5-wave correction structure similar to past cycles. From a structural perspective, the correction wave is complete, and the low point may already be in place. However, he remains cautious about the timeline: past bear markets typically lasted around 365 days to form their final bottom, but if the current cycle’s low has already emerged, it has only taken roughly 260 days—about 100 days ahead of historical timelines. He currently holds a 50/50 outlook, but believes the likelihood of a higher low forming next is greater than that of a significant new low.

According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.07%, the S&P 500 down 0.19%, and the Nasdaq Composite down 0.54%. Storage and AI chip sectors saw broad declines: SK Hynix (SKHY) fell more than 5%, Western Digital (WDC) and Seagate Technology (STX) dropped around 4%, SanDisk (SNDK) and Micron Technology (MU) declined over 3%; Intel (INTC) fell more than 3%, Taiwan Semiconductor Manufacturing Company (TSM) dropped over 2%, and AMD (AMD) decreased by 1.6%.

US President Donald Trump said that starting now, any time the Islamic Republic of Iran opens fire on vessels in the Strait of Hormuz—whether via missiles, rockets, drones, or any other equipment or weapon—the US will bomb and destroy a bridge or power plant, including facilities located near or within its capital Tehran.

According to a report by The Information, three sources familiar with the matter disclosed that Elon Musk’s SpaceXAI is advancing the construction of at least one new large-scale data center in Texas. If the project comes to fruition, SpaceX’s AI computing power will be significantly expanded beyond its existing data center hub in Memphis, Tennessee.

According to The Wall Street Journal, sources familiar with the matter revealed that OpenAI has raised its projected cloud services spending from $600 billion to $750 billion. The company plans to invest over $30 billion to build new data centers.

Crypto whale "Set 10 Big Goals First" posted on social media about a 4x leveraged short position on Bitcoin, reporting an unrealized profit of over $980,000 and a 2.19% return on investment. He noted, "This is a short-term short on Bitcoin." Earlier reports showed the same crypto whale closed out his long Bitcoin position for a profit in the early hours of today, netting $6.019 million. He said, "The uptrend remains unchanged; I took profits on this position to lock in gains and will take a two-day break."