BBX: "The Massive Retreat from Spot Trading in the AI Era" and "The Fair Value Magic of Mining Companies' Financial Statements"—Keel Sells 2,520 BTC, Core Scientific Gains 1.1 Billion in Net Profit

[Tarek Mansour: Supports Banning Members of Congress and Government Officials from Trading Prediction Markets They Can Influence] Tarek Mansour, CEO of prediction market platform Kalshi, stated his support for rules prohibiting members of Congress and government officials from trading prediction markets they can influence. Kalshi has been regulating insider trading since its founding in 2018. U.S. Representatives Jeff Merkley and Jamie Raskin introduced legislation to ban event contracts involving elections, sports, military operations, and most government actions.

Market sentiment tightened due to changes in the US political landscape and a sell-off in tech stocks, with spot gold testing the $4,100 level. If Federal Reserve Chairman Kevin Warsh remains in office, he may gain greater support and leeway in maintaining the Fed's independence, thereby limiting the potential for a gold price rebound. (Source: Everbright Futures)

[CZ: Recommends Users Update iOS] Binance co-founder CZ posted a message reminding users to update their iOS system, especially those who haven't updated in a long time. CZ stated that wallet software cannot update the operating system, and self-hosting means users need to bear the responsibility themselves.

Huang Licheng (@machibigbrother) has been liquidated again, with the $223,000 he raised by selling 15 NFTs running out in 4 days, resulting in a loss of $505,000. Huang Licheng currently has a loss of $909,000 on papertrade_xyz and a loss of $37.4 million on Hyperliquid.

Machi has been liquidated again. Over the past four days, $223,000 raised by Machi through the sale of 15 NFTs has been wiped out, resulting in a loss of $505,000. Currently, Machi has lost $909,000 on papertrade_xyz and $37.4 million on Hyperliquid.