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Kimi employees hit back at the White House’s allegations: Distilling a cutting-edge model in 15 days? That would require applying for a Guinness World Record!

1 hours ago

U.S. White House Office of Science and Technology Policy Director Michael Kratsios claimed in a post that Moonshot AI (branded as Kimi) referenced Anthropic’s Fable while developing its K3 model, and built an internal platform for large-scale distillation of U.S.-based models. In a direct reposted response, Moonshot AI team member Randy Xia noted that Fable was only released on July 1, while K3 launched on July 15. Based on this timeline, Moonshot completed model research, distillation, training, and deployment in just 15 days. He quipped, “We trained a brand new cutting-edge model in only 15 days — that’s practically a Guinness World Record!”

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Bank of America's indicator shows market bullish sentiment has hit its highest level since December 2020.

,美银的牛熊指标已升至 9.6 点,为 2020 年 12 月以来的最高水平。这一指标目前处于 24 年来第三高水平,表明市场情绪极度乐观。该指标衡量股票和债券基金流入、对冲基金及基金经理股票持仓、信贷市场状况以及市场广度。分析指出,该指标最近的上升主要由基金经理现金配置推动,该配置环比下降 0.5 个百分点,至 3.6%,接近 13 年来最低水平。

2 minutes ago

China's STAR 50 Index ETF recorded a net inflow of around 14 billion yuan on Monday, setting a new historical record.

According to Bloomberg data, Chinese investors actively bought the dip on Monday. The Star 50 ETF, which tracks China’s STAR 50 Index, drew a record $2 billion in inflows that day, the highest single-day level since December 2020. The surge in funds pushed the STAR 50 Index up 11% on Tuesday, its largest single-day gain in nearly two years, following a 17% plunge the prior week due to leverage liquidations. Meanwhile, at least five of China’s largest insurers have pledged to increase their stock market investments, with China Life Insurance alone purchasing more than $15 billion worth of stocks and funds.

2 minutes ago

According to official announcements, Ondo Perps has now launched a dual revenue mechanism: On one hand, traders can earn a share of the USDC reward pool by inviting new users, and their own trading volume is also counted towards this reward pool; On the other hand, each trade will earn Ondo Points in tandem with its trading volume and open interest.

2 minutes ago

Circle Signs Memorandum of Understanding (MOU) with Kakao Group

Circle has signed a memorandum of understanding (MoU) with South Korea’s Kakao Group. The two parties will evaluate cooperation on blockchain-based payment infrastructure and digital asset technologies, including the application of USDC in scenarios such as payments, settlements, and digital asset connectivity.

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Foreign investors' net buying of South Korean stocks hit a two-month high yesterday.

Data from South Korean exchanges as of July 23 shows that foreign investors net-purchased 2.6211 trillion won in South Korea’s main stock market the previous day, marking the highest level in nearly two months. Driven by foreign buying, the KOSPI reclaimed the 7,000-point threshold during intraday trading for the first time in four sessions, triggering the 20th suspension of the program trading mechanism this year. However, in the afternoon, institutional and individual investors took profits, leading the index to give back most of its gains, closing just 0.74% higher at 6,797.70 points. Seok Hwan Kim, a researcher at Mirae Asset Securities, noted that despite heavy net buying by foreign investors, individual investors and financial institutions concentrated on selling semiconductor-weighted stocks to lock in profits, causing the index’s gains to narrow significantly. That day, individual investors net-sold 1.2177 trillion won, while institutional investors net-sold 1.3961 trillion won.

2 minutes ago

A crypto whale deposited $31.12 million into Hyperliquid over the past three days, while simultaneously shorting AI stocks and crude oil.

According to monitoring by Onchain Lens, a Hyperliquid whale has deposited 31.12 million USDC over the past three days and currently holds $64.9 million in short positions. The breakdown of its current positions is as follows: $43.93 million in short positions on SK Hynix, $17.07 million in short positions on Brent crude oil, plus additional short positions on Samsung, NVIDIA, and other assets.

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