Magic claims its offering matches DeepSeek V4 Pro’s base model at a cost of $500,000, cutting pre-training computing power consumption by 50 times.

Beating AI Express (Dongcha) – An internal Alibaba contact list screenshot shows that Chen Hang, founder and former CEO of DingTalk (nickname "Wuzhao"), is currently affiliated with the "Qianwen Office" under the ATH Business Group. Chen Hang stepped down as DingTalk CEO in June this year, with Chen Yusen succeeding him. Alibaba subsequently merged the enterprise-level Agent "Wukong" led by Chen Hang, along with QoderWork and MuleRun, into Qianwen Office. The Qianwen Office Business Division, overseen by Chen Yusen, manages both Qianwen Office and DingTalk. Qianwen Office launched its public beta in early August, and within a month of its launch, its user count has surpassed 30 million, with enterprise users making up more than half.

According to official statements, Alby, a Bitcoin Lightning Network wallet and infrastructure provider, has confirmed a critical vulnerability in older versions of its Alby Hub software. The flaw could allow attackers to gain unauthorized access and transfer funds. Alby noted that one user is known to have been affected, and urged users running vulnerable, publicly accessible versions to update immediately.

Prominent trader Bonk Guy posted that MARSCOIN’s recent price action appears to be market makers deliberately creating conditions to entice a large number of traders to go short, before potentially triggering a sudden, rapid rally of over 100% in a single day. Over the past few days, he has deliberately avoided discussing or publicly expressing bullish views on MARSCOIN, hoping market makers will continue executing this scheme as planned: “Let them keep brewing this.”

According to on-chain analyst Ai Yi (@ai_9684xtpa), four addresses belonging to the same entity (or a crypto whale) have reactivated simultaneously after six months of dormancy, holding heavy positions in ETH and ZEC. The addresses purchased 13,290.6 ETH via Cowswap at an average price of $2,511, and bought 6,601.37 ZEC using 2,500 ETH through Near Intents, a cross-chain intent protocol. They have paid 16.75 ETH in transaction fees, equivalent to around $42,000, and the buying activity is still ongoing.

German tech media outlet Golem reports that the German federal government plans to impose a 25% capital gains tax on cryptocurrency earnings. According to a draft government bill, the German Federal Ministry of Finance has prepared relevant legislation to bring cryptocurrency gains under the capital gains tax regime. Under the draft, speculative profits from digital assets like Bitcoin and Ethereum will be taxed at a 25% rate starting in 2028 — matching the current rate applied to stock trading gains. The so-called "crypto tax" signals a major shift in Germany's cryptocurrency tax policy: currently, gains from holding cryptocurrencies for over a year are tax-free. The personal tax exemption is expected to stay in place, similar to existing rules, with the threshold set at 1,000 euros per individual.

Pons founder and lead developer Ozzy has responded to recent controversy over the platform’s alleged ability to modify token tax rates post-launch, stating he does not support changing tax rates after a token goes live. Ozzy noted that claims circulating in the market that "Pons can adjust tax rates post-launch" are incorrect. Pons explained that some transaction frontends incorrectly route buy and sell orders to high-tax liquidity pools, even though the Uniswap V4 pool initialized by Pons has liquidity and is a 0% tax rate, 1% Hook fee pool—with this fee clearly disclosed in all transactions. The project further clarified that when malicious actors attempt to "vamp" (siphon or attack liquidity) related liquidity pools, some transaction frontends may display higher transaction tax rates as a result. Due to issues with different frontend router configurations and the varying liquidity pools ultimately selected by frontends, the tax rates users see may fluctuate. Pons stressed this does not mean the protocol modified its tax rate post-launch. Instead, some frontends incorrectly route transactions to other high-tax pools, leading users to incur higher actual fees. Ozzy added that he has requested relevant transaction frontends to fix the issue, as incorrect displays and routing not only raise user transaction costs but also risk triggering unnecessary market panic. Pons emphasized that its current Hook pool fee is 1%. If users see a tax rate higher than 1%, unless the token deployer set a higher tax rate at launch, it most likely means the transaction was routed to the wrong liquidity pool. Therefore, a transaction tax exceeding 1% cannot prove that Pons modified its tax rate post-launch.