Huobi HTX Updates September Merkle Tree Reserve Proof: Reserve Ratios of Mainstream Assets Remain Consistently Above 100%

F2Pool co-founder Wang Chun has shared a retrospective post recounting that six years ago, a Zcash team member contacted him, but their communication collapsed after the individual repeatedly confused US Eastern Standard Time and US Eastern Daylight Time. Wang subsequently blocked the entire company the employee belonged to. Six years later, Wang says this remains one of the "best decisions" he has made. He also cited a prior BlockFi incident: the crypto firm was meant to send users $701.4 but instead transferred 701.4 BTC. Wang joked, "Someone who can’t even distinguish between US Eastern Standard Time and Daylight Time probably mixes up BTC and USD too." Additionally, Wang noted he was pleased to have liquidated all his ZEC holdings last week and fully switched to DOGE. Note: In April 2020, Wang publicly criticized the Zcash team, stating that if the group could not even understand how daylight saving time works, it could not claim to comprehend zkSNARKs. He further argued the project employed too many staff who lack mastery of basic principles, a flaw he warned could eventually cause the project to fail.

According to data from GMGN, 4Stock’s market cap briefly topped $60 million, hitting a new all-time high, and is now trading at $52.31 million. Its trading volume reached $47.2 million in the three hours after launch. 4Stock is a "stock meme" narrative launched by Four.meme: the project first introduces underlying 4Stock assets pegged to traditional stocks, then allows the community to issue meme tokens using these assets as a liquidity pool. BNC4 is the first 4Stock token, with a 1:1 peg to its corresponding stock asset.

According to monitoring by OnchainLens, a Hyperliquid trader has generated a cumulative profit of $25.1 million, with $13.27 million of that earned over the past 30 days. The trader currently holds approximately 177,600 HYPE long positions valued at around $14.97 million, with an entry price of $56.03 and current price of $84.30, resulting in an unrealized profit of roughly $5.02 million.

According to GMGN data, the BNC4 token price plunged 85% after hitting a high of $35, and is now trading at $4.7. Its 3-hour trading volume reached $69.6 million, essentially pegging to the after-hours price of its underlying stock BNC on US equities ($4.16), ending its previous significant premium.

Beating AI News Flash from Dongcha: Mianbi Intelligence, in collaboration with the OpenBMB open-source community, has officially open-sourced its new-generation "Little Steel Cannon" MiniCPM5-2B. A 2B-parameter text model designed for local devices such as mobile phones and PCs, it natively supports approximately 128K context windows. The model was first unveiled in July; this release marks the official launch of its weights, alongside open access to its training data, training recipes, and reinforcement learning (RL) framework. The weights are licensed under Apache 2.0. In an independent evaluation by Artificial Analysis, MiniCPM5-2B scored 15 points on the Intelligence Index v4.2, ranking first among open-weight models with parameters under 4B, and leading the second-place Granite 4.2 3B by 11 points.

Today, a short squeeze narrative unfolded on the Binance Smart Chain (BSC). Meme coin 4Stock hit a $40 million market cap just two hours after launch. As of press time, GMGN data shows the top profitable address for the token is a newly created wallet, which invested a total of $124,000 at an average market cap of $7 million, currently holds 1.77% of the token supply, and has not executed any sell or transfer actions. On the other hand, the second top profitable address belongs to crypto KOL Wick Li (@SuperL9), who put in $4,000 when the token’s market cap was as low as $144,000, generating a total profit of $476,000. Over the past half hour, this address has been continuously reducing its position, locking in $228,000 in profits. In addition to these profitable addresses, multiple KOLs from the FOMO community are buying the token: pow has purchased $153,000 worth at an average entry market cap of $30.8 million, while Logan Lim has bought $129,600 worth with an average entry market cap of $18.7 million. Note: 4Stock is a "stock meme" narrative launched by Four.meme. It first rolls out underlying 4Stock assets linked to stock holdings, then allows the community to issue meme coins using these assets as a liquidity pool. BNC4 is the first 4Stock, pegged 1:1 to its corresponding stock asset.