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According to monitoring by Beating, Musk announced on X that xAI plans to open source the current Grok 4.2 base model (with 0.5 trillion parameters) by the end of 2026. Although the model's parameter scale is relatively small, Musk emphasized that the open-source version will still hold significant practical value for the developer community. Previously, Musk publicly acknowledged that due to flaws in the quality, comprehensiveness, and ratio of training data, the underlying model running Grok 4.2 struggles with high-difficulty programming challenges. However, for routine natural language processing and basic reasoning tasks, the base model with 500 billion parameters still offers strong performance advantages. Open-sourcing large models is one of xAI's strategies. In March 2024, xAI open-sourced the Grok-1 model with 314 billion parameters, which was the largest open-source model at that time.

[Musk Finalizes Open Source Release of Grok 4.2 by Year-End]According to monitoring by Beating, Musk announced on X that xAI plans to open source the current Grok 4.2 base model (with 0.5 trillion parameters) by the end of 2026. Although the model's parameter scale is relatively small, Musk emphasized that the open-source version will still hold significant practical value for the developer community. Previously, Musk publicly acknowledged that due to flaws in the quality, comprehensiveness, and ratio of training data, the underlying model running Grok 4.2 struggles with high-difficulty programming challenges. However, for routine natural language processing and basic reasoning tasks, the base model with 500 billion parameters still offers strong performance advantages. Open-sourcing large models is one of xAI's strategies. In March 2024, xAI open-sourced the Grok-1 model with 314 billion parameters, which was the largest open-source model at that time.

Musk Finalizes Open Source Release of Grok 4.2 by Year-End

On May 25, according to monitoring by Ai Yi, since the WLFI unlock activation portal opened two weeks ago, 45.9 billion WLFI tokens have been transferred to the unlock contract, representing 73.8% progress, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI tokens, valued at $194 million. The current price of WLFI is $0.06137, rebounding 18% from the low point at the beginning of the month.

[WLFI Unlock Contract Transfers 45.9 Billion Tokens Worth $2.81 Billion]On May 25, according to monitoring by Ai Yi, since the WLFI unlock activation portal opened two weeks ago, 45.9 billion WLFI tokens have been transferred to the unlock contract, representing 73.8% progress, with a total value of $2.81 billion. The WLFI team and related stakeholders have burned 3.2 billion WLFI tokens, valued at $194 million. The current price of WLFI is $0.06137, rebounding 18% from the low point at the beginning of the month.

WLFI Unlock Contract Transfers 45.9 Billion Tokens Worth $2.81 Billion

On May 25, Slow Fog reported that the security agency MistEye detected a cross-registry supply chain attack. The attackers published malicious software packages on npm, PyPI, and crates.io, targeting developers in the fields of cryptocurrency, DeFi, Solana, Sui/Move, and AI. This attack involved over 34 malicious software packages and more than 384 related versions. The attackers may steal cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and developers' confidential information. Some malicious payloads also attempted to achieve persistence through .cursorrules, CLAUDE.md, Git hooks, shell hooks, cron, systemd, and SSH. Developers are advised to immediately remove the affected packages, isolate the compromised systems, retain logs, rotate exposed credentials, rebuild CI environments and developer machines from clean images, and review activity logs for GitHub, cloud services, SSH, and wallets.

[Slow Fog: Supply Chain Attack Affects PyPI/npm/crates.io, Over 34 Malicious Packages Targeting Crypto and AI Developers]On May 25, Slow Fog reported that the security agency MistEye detected a cross-registry supply chain attack. The attackers published malicious software packages on npm, PyPI, and crates.io, targeting developers in the fields of cryptocurrency, DeFi, Solana, Sui/Move, and AI. This attack involved over 34 malicious software packages and more than 384 related versions. The attackers may steal cryptocurrency wallets, SSH keys, cloud credentials, GitHub/AWS tokens, browser data, environment variables, and developers' confidential information. Some malicious payloads also attempted to achieve persistence through .cursorrules, CLAUDE.md, Git hooks, shell hooks, cron, systemd, and SSH. Developers are advised to immediately remove the affected packages, isolate the compromised systems, retain logs, rotate exposed credentials, rebuild CI environments and developer machines from clean images, and review activity logs for GitHub, cloud services, SSH, and wallets.

Slow Fog: Supply Chain Attack Affects PyPI/npm/crates.io, Over 34 Malicious Packages Targeting Crypto and AI Developers

On May 25, Tether announced plans to launch a stablecoin representing the Georgian Lari (GEL₮) with the support of the Georgian government. This initiative marks one of the first joint efforts to place a national currency directly onto the digital asset track under a specially constructed regulatory framework for stablecoins. GEL₮ aims to serve as a digital representation of the Georgian Lari, facilitating lower transaction costs, near-instant settlements, programmable payments, and more efficient value transfer within the digital financial system. The initiative is expected to support fintech development, digital payments, and broader access to programmable financial infrastructure in Georgia and the surrounding region. Georgian Prime Minister Irakli Kobakhidze stated, 'With visionary partners like Tether, Georgia is laying the groundwork for a more interconnected, transparent, and digitally empowered financial world.' Tether CEO Paolo Ardoino noted, 'Stablecoins are no longer a niche financial tool; they are becoming part of the global financial infrastructure layer. Georgia has taken the lead in establishing a serious regulatory framework for digital assets and stablecoins, and this clarity lays the foundation for true innovation and adoption.'

[Tether Partners with Georgian Government to Launch Official Stablecoin GEL₮]On May 25, Tether announced plans to launch a stablecoin representing the Georgian Lari (GEL₮) with the support of the Georgian government. This initiative marks one of the first joint efforts to place a national currency directly onto the digital asset track under a specially constructed regulatory framework for stablecoins. GEL₮ aims to serve as a digital representation of the Georgian Lari, facilitating lower transaction costs, near-instant settlements, programmable payments, and more efficient value transfer within the digital financial system. The initiative is expected to support fintech development, digital payments, and broader access to programmable financial infrastructure in Georgia and the surrounding region. Georgian Prime Minister Irakli Kobakhidze stated, 'With visionary partners like Tether, Georgia is laying the groundwork for a more interconnected, transparent, and digitally empowered financial world.' Tether CEO Paolo Ardoino noted, 'Stablecoins are no longer a niche financial tool; they are becoming part of the global financial infrastructure layer. Georgia has taken the lead in establishing a serious regulatory framework for digital assets and stablecoins, and this clarity lays the foundation for true innovation and adoption.'

Tether Partners with Georgian Government to Launch Official Stablecoin GEL₮

On May 25, Tether announced its collaboration with the Georgian government to launch the official stablecoin GEL₮, which will be pegged to the Georgian Lari and issued under a specially designed regulatory framework for stablecoins. The GEL₮ is intended to serve as a digital representation of the Georgian Lari, aimed at reducing transaction costs, enabling near real-time settlements, supporting programmable payments, and enhancing the efficiency of fund flows in cross-border transfers and the digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.

[Tether to Collaborate with Georgian Government to Launch Official Stablecoin GEL₮]On May 25, Tether announced its collaboration with the Georgian government to launch the official stablecoin GEL₮, which will be pegged to the Georgian Lari and issued under a specially designed regulatory framework for stablecoins. The GEL₮ is intended to serve as a digital representation of the Georgian Lari, aimed at reducing transaction costs, enabling near real-time settlements, supporting programmable payments, and enhancing the efficiency of fund flows in cross-border transfers and the digital financial system. Tether stated that the project is expected to support cross-border trade, fintech development, and digital payments.

Tether to Collaborate with Georgian Government to Launch Official Stablecoin GEL₮

On May 25, according to a report by the Iranian Students' News Agency, a senior Iranian diplomat stated that neither Iran nor the United States made any commitments regarding nuclear issues or high-enriched uranium in the preliminary draft agreement reached between the two parties. The diplomat also mentioned that if the US can fulfill its commitments in the potential memorandum of understanding, both sides will engage in discussions on nuclear issues and high-enriched uranium reserves during a 60-day negotiation period, in exchange for the lifting of US sanctions and the unfreezing of assets. Additionally, Iran is currently negotiating to end the war and is not discussing nuclear issues.

[Iran: No Commitments on Nuclear Issues in Draft Agreement Between Iran and US]On May 25, according to a report by the Iranian Students' News Agency, a senior Iranian diplomat stated that neither Iran nor the United States made any commitments regarding nuclear issues or high-enriched uranium in the preliminary draft agreement reached between the two parties. The diplomat also mentioned that if the US can fulfill its commitments in the potential memorandum of understanding, both sides will engage in discussions on nuclear issues and high-enriched uranium reserves during a 60-day negotiation period, in exchange for the lifting of US sanctions and the unfreezing of assets. Additionally, Iran is currently negotiating to end the war and is not discussing nuclear issues.

Iran: No Commitments on Nuclear Issues in Draft Agreement Between Iran and US

On May 25, the Iranian Foreign Ministry spokesman stated: We will not impose toll fees for the Strait of Hormuz. It is normal to charge for services, but it should not be regarded as a toll.

[Iranian Foreign Ministry Spokesman: No Toll Fees for the Strait of Hormuz]On May 25, the Iranian Foreign Ministry spokesman stated: We will not impose toll fees for the Strait of Hormuz. It is normal to charge for services, but it should not be regarded as a toll.

Iranian Foreign Ministry Spokesman: No Toll Fees for the Strait of Hormuz

On May 25, according to Xinhua News Agency, Iranian Foreign Ministry spokesman Baghaei stated that Iran and the United States have reached a consensus on most issues, but "this does not mean that an agreement is imminent."

[Iran: Consensus with the U.S. Does Not Mean an Agreement is Imminent]On May 25, according to Xinhua News Agency, Iranian Foreign Ministry spokesman Baghaei stated that Iran and the United States have reached a consensus on most issues, but "this does not mean that an agreement is imminent."

Iran: Consensus with the U.S. Does Not Mean an Agreement is Imminent

According to monitoring by Dongcha Beating, five years after shutting down its Nut mobile phone business, ByteDance is re-entering the underlying research and development of smartphones through a completely new approach. This conclusion is drawn from a comprehensive data analysis of all positions in ByteDance's official recruitment system. After comparing the specific responsibilities of hundreds of foundational positions, it is clear that ByteDance is not only focused on developing lightweight edge AI applications but is also building a complete set of mobile-grade software and hardware foundations. This includes reconstructing the upper-level Agent interaction and Android/RTOS systems, while delving into structural stacking, baseband, and communication network integration at the lower level, and has already progressed to the NPI (New Product Introduction) trial production stage aligned with contract manufacturers' production lines. In hardware R&D and mass production, ByteDance's array layout is heading straight into the depths of the hardware supply chain. The Shenzhen R&D hub, located in the heart of the supply chain, is intensively releasing positions related to complete machine processes, high-speed PCB interconnections, testing processes, and hardware baseband, fully integrating with contract manufacturing lines. Among these, the structural engineer positions require expertise in new device stacking, middle frame, battery cover, and hinge design, with experience in flagship hardware development such as 'foldable screens,' 'LIPO packaging,' and 'IP68/IP69K' listed as advantages. The complete machine process positions require mastery of DFM/DFA/DFS analysis, NPI trial production introduction, AOI testing, and adhesive and spot welding processes. These job profiles are completely detached from ordinary internet software development, showcasing a distinct character of large-scale hardware manufacturers. On the system foundation side, Android system experts stationed in Beijing will oversee the entire process from project initiation, system planning, integrated development to mass production delivery, covering ODM/OEM interfacing, Android Framework, HAL, Vendor interface adaptation, and Qualcomm platform optimization, even needing to manage factory flashing, aging, and production line testing. Meanwhile, the mobile OS team is comprehensively recruiting experts in SoC chip adaptation, BSP, RTOS kernel, WiFi drivers, graphics engines, system power consumption, and DFX, essentially dismantling the underlying system architecture of a smartphone for a complete reconstruction. The most direct breakthrough is occurring in the 'Doubao Phone Assistant' team, which was originally viewed externally as a pure software project. The R&D focus of the Doubao Phone Assistant team is now fully pushing into the hardware foundation, with positions covering touch control drivers, NFC, system thermal management, peripheral BSP, audio systems, and sensor fusion. A more critical signal is the recruitment of a Telephony RIL Modem product architect position, which requires experience in cellular network delivery from Qualcomm or MediaTek (MTK), familiarity with Telephony systems, RIL drivers, field testing, CTA certification, and RF antenna development rhythms. This indicates that ByteDance's R&D boundaries have crossed beyond pure application layers, entering the core areas of mobile communication baseband and wireless RF. On the upper interaction side, AI is reshaping human-computer interaction interfaces. The Agent software architect in the mobile OS department will be responsible for designing a multi-Agent collaborative interaction framework, integrating internal and external agents with a unified standard protocol to achieve low-latency, multi-modal dynamic decision-making; the perception and memory algorithm positions for the Doubao Phone Assistant will focus on long-term user memory, multi-modal perception, and proactive service mechanisms. This confirms a deeper strategic ambition: ByteDance is not satisfied with positioning Doubao as a pre-installed app on devices but is attempting to reshape Doubao as the primary entry point for the entire hardware system.

[Exclusive: After Five Years, ByteDance Quietly Resumes Mobile Phone R&D]According to monitoring by Dongcha Beating, five years after shutting down its Nut mobile phone business, ByteDance is re-entering the underlying research and development of smartphones through a completely new approach. This conclusion is drawn from a comprehensive data analysis of all positions in ByteDance's official recruitment system. After comparing the specific responsibilities of hundreds of foundational positions, it is clear that ByteDance is not only focused on developing lightweight edge AI applications but is also building a complete set of mobile-grade software and hardware foundations. This includes reconstructing the upper-level Agent interaction and Android/RTOS systems, while delving into structural stacking, baseband, and communication network integration at the lower level, and has already progressed to the NPI (New Product Introduction) trial production stage aligned with contract manufacturers' production lines. In hardware R&D and mass production, ByteDance's array layout is heading straight into the depths of the hardware supply chain. The Shenzhen R&D hub, located in the heart of the supply chain, is intensively releasing positions related to complete machine processes, high-speed PCB interconnections, testing processes, and hardware baseband, fully integrating with contract manufacturing lines. Among these, the structural engineer positions require expertise in new device stacking, middle frame, battery cover, and hinge design, with experience in flagship hardware development such as 'foldable screens,' 'LIPO packaging,' and 'IP68/IP69K' listed as advantages. The complete machine process positions require mastery of DFM/DFA/DFS analysis, NPI trial production introduction, AOI testing, and adhesive and spot welding processes. These job profiles are completely detached from ordinary internet software development, showcasing a distinct character of large-scale hardware manufacturers. On the system foundation side, Android system experts stationed in Beijing will oversee the entire process from project initiation, system planning, integrated development to mass production delivery, covering ODM/OEM interfacing, Android Framework, HAL, Vendor interface adaptation, and Qualcomm platform optimization, even needing to manage factory flashing, aging, and production line testing. Meanwhile, the mobile OS team is comprehensively recruiting experts in SoC chip adaptation, BSP, RTOS kernel, WiFi drivers, graphics engines, system power consumption, and DFX, essentially dismantling the underlying system architecture of a smartphone for a complete reconstruction. The most direct breakthrough is occurring in the 'Doubao Phone Assistant' team, which was originally viewed externally as a pure software project. The R&D focus of the Doubao Phone Assistant team is now fully pushing into the hardware foundation, with positions covering touch control drivers, NFC, system thermal management, peripheral BSP, audio systems, and sensor fusion. A more critical signal is the recruitment of a Telephony RIL Modem product architect position, which requires experience in cellular network delivery from Qualcomm or MediaTek (MTK), familiarity with Telephony systems, RIL drivers, field testing, CTA certification, and RF antenna development rhythms. This indicates that ByteDance's R&D boundaries have crossed beyond pure application layers, entering the core areas of mobile communication baseband and wireless RF. On the upper interaction side, AI is reshaping human-computer interaction interfaces. The Agent software architect in the mobile OS department will be responsible for designing a multi-Agent collaborative interaction framework, integrating internal and external agents with a unified standard protocol to achieve low-latency, multi-modal dynamic decision-making; the perception and memory algorithm positions for the Doubao Phone Assistant will focus on long-term user memory, multi-modal perception, and proactive service mechanisms. This confirms a deeper strategic ambition: ByteDance is not satisfied with positioning Doubao as a pre-installed app on devices but is attempting to reshape Doubao as the primary entry point for the entire hardware system.

Exclusive: After Five Years, ByteDance Quietly Resumes Mobile Phone R&D

According to Bloomberg, funding to private crypto companies in the second quarter fell to its lowest level in a year, according to data from the research firm PitchBook. The hype around crypto startups made the sector seem briefly immune to the economic turmoil. It set a record of $9.85 billion in venture funds raised in the first quarter. The second quarter gives a truer glimpse at the gloominess. Venture capitalists invested $6.76 billion into crypto companies in the period that ended in June, a 31% decline from the previous quarter, PitchBook said.

Detail

【Crypto Startup Funding Falls to a One-Year Low】According to Bloomberg, funding to private crypto companies in the second quarter fell to its lowest level in a year, according to data from the research firm PitchBook. The hype around crypto startups made the sector seem briefly immune to the economic turmoil. It set a record of $9.85 billion in venture funds raised in the first quarter. The second quarter gives a truer glimpse at the gloominess. Venture capitalists invested $6.76 billion into crypto companies in the period that ended in June, a 31% decline from the previous quarter, PitchBook said.

Crypto Startup Funding Falls to a One-Year Low

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zest soared to 0.180732 USDT, a new high with a 24-hour increase of 9.68%. It currently trades at 0.180313 USDT on HTX.

Crypto Startup Funding Falls to a One-Year Low

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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