BNB breaks through the $900 mark

[Naver and Upbit Parent Company Dunamu Plan to Invest $6.8 Billion in AI and Blockchain] South Korean tech company Naver and cryptocurrency exchange Upbit's parent company Dunamu plan to jointly invest KRW 10 trillion (approximately $6.8 billion) over the next five years to build financial infrastructure based on AI and blockchain technology. Naver Financial has confirmed the acquisition of Dunamu through a stock swap transaction. The two companies will integrate AI, payment, and blockchain ecosystems and jointly work on issuing a Korean won-pegged stablecoin. Naver Financial plans to launch a stablecoin wallet service in Busan next month. South Korean President Lee Jae-myung supports establishing a stablecoin market pegged to local currency to protect monetary sovereignty.

The number of long and short positions in OKX BTC has dropped significantly from last week's high of 3.83 to 1.34, a decrease of over 60%, indicating that the previously overcrowded retail long positions have been clearly released. At present, the ratio is still in the range where bulls dominate, but the sentiment has returned to caution.

[PAO TECH Labs to Support JPYC Lending and Fixed-Rate Market Development] InsureDAO developer PAO TECH Labs will assist the Japanese yen stablecoin JPYC in launching a lending market, building an operational treasury (yield strategies), and improving the fixed-rate market (such as interest rate swaps), while providing liquidity support for related products.

[Stanley Huang Claims He's Going Long, Position Unrealized Profit Exceeds $1 Million] Stanley Huang posted on the X platform, stating, 'I'm going long, you know.' Hyperbot data shows that Stanley Huang's 25x leveraged Ethereum long position and 10x leveraged HYPE long position have turned from loss to profit, with total unrealized profit exceeding $1 million. Among them, the Ethereum long position has increased to 7,700 ETH, with a liquidation price of $2,853.28; the HYPE long position holds 162,000 HYPE, with a liquidation price of $26.92.

[Upbit Suspends Trading of Certain Solana Assets, Confirms Abnormal Transfers Worth Approximately 54 Billion KRW] Upbit has detected abnormal transfers of certain assets on the Solana network, amounting to approximately 54 billion KRW, to an unknown external wallet address. The affected assets include SOL, USDC, RENDER, and several other cryptocurrencies. Upbit has suspended trading of the related assets and is conducting a comprehensive security review. At the same time, user assets have been transferred to cold wallets to ensure their safety. Some assets (approximately 12 billion KRW) have already been frozen on-chain, while other assets are still being tracked. Upbit assures that there will be no loss of user assets, as the platform will fully compensate the amount from its own funds.