Ansem: Papertrade’s new mechanism could be epoch-making, with the potential to reshape the highly leveraged speculative market.

Beating AI News: Interviews with multiple headhunters by Lei Feng Network reveal that major Chinese internet giants are tightening recruitment quotas, yet still willing to break salary caps for top AI talents. Headhunters disclosed that this year, outstanding fresh graduates specializing in foundational models have secured annual packages reaching the 2 million yuan mark. ByteDance’s Seed program and Xiaohongshu have offered the highest quotes, ranging from 4 million to 5 million yuan, while Baidu’s offers fall between 2 million and 3 million yuan. This high-salary talent race is exacerbating "salary inversion" within major firms. An internet industry insider shared that some foundational model employees, even at lower ranks, now earn more than colleagues at higher levels. Such issues emerged as early as 2017: a veteran engineer recalled that a returnee fresh graduate who joined one year later and held a lower rank earned 10,000 yuan more per month than him, leading to a monthly turnover rate of around 10% for his over-30-person team at the time. However, high salaries have not benefited all AI practitioners. Headhunters noted that application-side roles at major firms are shrinking, while foundational model teams still lack personnel capable of training large models. Coding Agents, model evaluation, pre-training data, and Agent infrastructure have become new key targets in the talent race. DeepSeek has recently been expanding its backend development and Agent infrastructure engineering teams. In contrast, recruitment enthusiasm for areas like AI search has declined. The threshold for this recruitment wave is rising. Companies no longer only focus on academic qualifications and papers, but also value whether candidates have hands-on experience training large models in top teams. For truly scarce talents, compensation and responsibilities can be negotiated separately; ordinary AI job seekers face increasingly fierce competition.

According to TradingBeats monitoring, the SOXL contract on Hyperliquid rose approximately 9.3% in the past 24 hours, temporarily trading at $101.18 and reclaiming the $100 threshold. After a sharp pullback in the semiconductor sector earlier, buyers who entered positions at the lows during the correction quickly booked paper profits. Currently, the top three SOXL long holders by position size are all recent bottom-fishers, with a combined holding value of around $8.964 million and total unrealized profits of roughly $682,000. The largest long holder (0x30af) holds 38,529 SOXL long contracts, with a position value of about $3.898 million, an average entry price of $94.26, and an unrealized profit of around $266,000 from the half-day-old position. This position uses 10x isolated leverage, with a liquidation price of approximately $89.39. boredbit.eth (0x053f) holds 32,719.3 long contracts, with a position value of around $3.31 million, an average entry price of $92.28, and an unrealized profit of roughly $291,000. It also uses 10x isolated leverage, with a liquidation price of about $87. The third whale (0xbb47) holds 17,356 long contracts, with a position value of around $1.756 million, an average entry price of $93.97, and an unrealized profit of approximately $125,000. It uses 3x isolated leverage, with a liquidation price of about $70.91.

Tron ranks No. 1 among all chains in 24-hour, 7-day, and 30-day revenue, far ahead of other chains. Its monthly revenue reached $23.41M.

Tron ranks No. 1 among all chains in 24-hour, 7-day, and 30-day revenue, far ahead of other chains. Its monthly revenue reached $23.41M.

According to South Korean media reports, during a South Korean National Assembly state audit, when asked whether the launch of single-stock leveraged ETFs had impacted volatility in the country’s stock market, Financial Supervisory Service (FSS) Governor Lee Chan-jin replied: “I believe it has had some impact.” He also expressed deep apology over criticism that the FSS failed to actively block the launch of such products. On the 19th, during the state audit of the FSS by the National Assembly’s Special Committee on Administrative Affairs, a People Power Party lawmaker said: “Searching for news related to the launch of single-stock leveraged ETFs will turn up ‘Black Monday,’ ‘Black Tuesday,’ ‘Black Wednesday,’ ‘Black Thursday,’ and ‘Black Friday’—the entire week has become ‘black.’ Do you think the launch of these ETFs contributed to this situation?” Lee Chan-jin responded: “I believe it has had some impact.” When asked about other causes of stock market volatility, Lee added: “Samsung Electronics and SK Hynix are seeing severe volatility.”

According to Lookonchain monitoring, Bitcoin mining firm MARA Holdings is suspected of offloading BTC. Over the past five days, wallets associated with MARA have transferred a total of 1,000 BTC to Binance and Gate, worth approximately $82.8 million.