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Musk announced that the Grok base model V9-Medium, with 1.5 trillion (1.5T) parameters, has completed training and has shown good evaluation results. He revealed that the model has incorporated a large amount of data related to Cursor (an AI programming tool) during supplementary training, with plans to introduce even more data in the future. Currently, the model is undergoing fine-tuning and will begin reinforcement learning in a few days, with a public release expected in 2 to 3 weeks. Musk emphasized that the new model will represent a significant upgrade compared to the current v8-small version, which supports all production line traffic with 0.5 trillion parameters, especially in handling complex programming tasks.

[Musk Announces Completion of Training for Grok V9-Medium: Incorporates Extensive Cursor Data, Public Release in 2-3 Weeks]Musk announced that the Grok base model V9-Medium, with 1.5 trillion (1.5T) parameters, has completed training and has shown good evaluation results. He revealed that the model has incorporated a large amount of data related to Cursor (an AI programming tool) during supplementary training, with plans to introduce even more data in the future. Currently, the model is undergoing fine-tuning and will begin reinforcement learning in a few days, with a public release expected in 2 to 3 weeks. Musk emphasized that the new model will represent a significant upgrade compared to the current v8-small version, which supports all production line traffic with 0.5 trillion parameters, especially in handling complex programming tasks.

Musk Announces Completion of Training for Grok V9-Medium: Incorporates Extensive Cursor Data, Public Release in 2-3 Weeks

On May 25, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. In response to a question from AFP regarding the potential agreement between the United States and Iran to halt the war in the Middle East, Mao Ning stated that China's position on the situation in Iran is very clear. This is a war that should never have happened and there is no need for it to continue. Finding a solution sooner would be beneficial for both the US and Iran, as well as for the countries in the region and the entire world. (Beijing Daily)

[China Responds to Potential US-Iran Agreement]On May 25, Foreign Ministry spokesperson Mao Ning hosted a regular press conference. In response to a question from AFP regarding the potential agreement between the United States and Iran to halt the war in the Middle East, Mao Ning stated that China's position on the situation in Iran is very clear. This is a war that should never have happened and there is no need for it to continue. Finding a solution sooner would be beneficial for both the US and Iran, as well as for the countries in the region and the entire world. (Beijing Daily)

China Responds to Potential US-Iran Agreement

On May 25, according to Onchain Lens monitoring, a whale sold 151,570 HYPE at an average price of $61.63, earning $9.34 million, and sold 130 BTC at $77,047, earning $10 million. The whale still has 170,000 HYPE (worth $10.66 million) listed for sale in the range of $63.45 to $70.55 and is staking 30,000 HYPE.

[Whale Sells 151,600 HYPE and 130 BTC in 24 Hours, Still Has 170,000 HYPE Listed for Sale]On May 25, according to Onchain Lens monitoring, a whale sold 151,570 HYPE at an average price of $61.63, earning $9.34 million, and sold 130 BTC at $77,047, earning $10 million. The whale still has 170,000 HYPE (worth $10.66 million) listed for sale in the range of $63.45 to $70.55 and is staking 30,000 HYPE.

Whale Sells 151,600 HYPE and 130 BTC in 24 Hours, Still Has 170,000 HYPE Listed for Sale

On May 25, XRPL developer Wietse Wind issued a latest security warning to the XRP community, stating that recent scam activities targeting Xaman Wallet users have been on the rise. Scammers are currently promoting fake desktop wallet applications and counterfeit airdrop events to lure users into connecting their wallets or downloading malicious software, thereby stealing funds. Wietse Wind advises users not to connect their wallets to suspicious websites and to avoid downloading any unofficial applications to prevent asset loss.

[XRPL Developer Security Alert: XRP Community Warned of Scam Activities Involving Fake Wallets and Airdrops]On May 25, XRPL developer Wietse Wind issued a latest security warning to the XRP community, stating that recent scam activities targeting Xaman Wallet users have been on the rise. Scammers are currently promoting fake desktop wallet applications and counterfeit airdrop events to lure users into connecting their wallets or downloading malicious software, thereby stealing funds. Wietse Wind advises users not to connect their wallets to suspicious websites and to avoid downloading any unofficial applications to prevent asset loss.

XRPL Developer Security Alert: XRP Community Warned of Scam Activities Involving Fake Wallets and Airdrops

On May 25, data from Hyperinsight revealed that there are 7 whales holding over $1 million in SPCX on Hyperliquid, all of whom are short positions. The three largest whales have positions exceeding $3 million, with entry prices concentrated in the $204 to $205 range, corresponding to an implied valuation of SpaceX of approximately $2.42 trillion to $2.433 trillion. The largest whale, 0xf51, is currently shorting 19,022 SPCX contracts with 5x leverage, with a position value of about $3.95 million, an entry average price of $204.1, and a current contract price of $207.9, resulting in an unrealized loss of about $70,000 (-5%). It is reported that there is a price discrepancy in the implied market values of the two major SpaceX Pre-IPO contracts currently available on Hyperliquid: SPCX/USDC (trade.xyz deployment): launched on May 18, with a current price corresponding to a valuation of approximately $2.467 trillion (based on a fully diluted reference equity of 11.87 billion shares), daily trading volume exceeding $162 million, and an open interest of $46.05 million; SPACEX/USDH (Ventuals deployment): launched on November 13 last year, with a current price corresponding to a valuation of approximately $2.33 trillion (with each contract unit corresponding to a market value of $1 billion), and an open interest of about $4.61 million. - The HyperInsight Bot is now live. Add @HyperInsightBot to your community and set it as an administrator (message sending permission must be enabled) to automatically sync on-chain information.

[Hyperliquid Whales Bearish on SpaceX's Implied Valuation Before IPO, $137 Billion Discrepancy in Pre-IPO Contracts]On May 25, data from Hyperinsight revealed that there are 7 whales holding over $1 million in SPCX on Hyperliquid, all of whom are short positions. The three largest whales have positions exceeding $3 million, with entry prices concentrated in the $204 to $205 range, corresponding to an implied valuation of SpaceX of approximately $2.42 trillion to $2.433 trillion. The largest whale, 0xf51, is currently shorting 19,022 SPCX contracts with 5x leverage, with a position value of about $3.95 million, an entry average price of $204.1, and a current contract price of $207.9, resulting in an unrealized loss of about $70,000 (-5%). It is reported that there is a price discrepancy in the implied market values of the two major SpaceX Pre-IPO contracts currently available on Hyperliquid: SPCX/USDC (trade.xyz deployment): launched on May 18, with a current price corresponding to a valuation of approximately $2.467 trillion (based on a fully diluted reference equity of 11.87 billion shares), daily trading volume exceeding $162 million, and an open interest of $46.05 million; SPACEX/USDH (Ventuals deployment): launched on November 13 last year, with a current price corresponding to a valuation of approximately $2.33 trillion (with each contract unit corresponding to a market value of $1 billion), and an open interest of about $4.61 million. - The HyperInsight Bot is now live. Add @HyperInsightBot to your community and set it as an administrator (message sending permission must be enabled) to automatically sync on-chain information.

Hyperliquid Whales Bearish on SpaceX's Implied Valuation Before IPO, $137 Billion Discrepancy in Pre-IPO Contracts

On May 25, XRPL developer Wietse Wind issued a new security warning to the XRP community, stating that recent scams targeting Xaman Wallet users have been on the rise. Scammers are currently promoting fake desktop wallet applications and counterfeit airdrop activities, luring users to connect their wallets or download malicious software to steal funds. Wietse Wind advises users not to connect their wallets to suspicious websites and to avoid downloading any unofficial applications to prevent asset loss.

[XRPL Developer Security Alert: XRP Community Warned of Scams Involving Fake Wallets and Airdrops]On May 25, XRPL developer Wietse Wind issued a new security warning to the XRP community, stating that recent scams targeting Xaman Wallet users have been on the rise. Scammers are currently promoting fake desktop wallet applications and counterfeit airdrop activities, luring users to connect their wallets or download malicious software to steal funds. Wietse Wind advises users not to connect their wallets to suspicious websites and to avoid downloading any unofficial applications to prevent asset loss.

XRPL Developer Security Alert: XRP Community Warned of Scams Involving Fake Wallets and Airdrops

According to monitoring by Beating, the open-source large model inference engine vLLM officially announced on X that it has banned a contributor who maliciously submitted a false Pull Request (PR) to enhance their resume. This incident has exposed the prevalent gray industry of 'Resume-Driven Development' within the open-source community. The issue originated from a PR numbered #42143, which claimed to fix a 'bug' related to the norm_before_fc configuration in the speculative sampling model Eagle3 under NVIDIA Checkpoint. Despite the PR being logically sound, accompanied by a detailed testing plan and performance report, and successfully merged after passing continuous integration (CI) tests, the community later reviewed it and found that the bug did not exist in the actual codebase. The contributor was suspected of 'creating non-existent problems and then solving them.' Leaked chat screenshots revealed that the PR was actually the result of a practical training project from a paid 'interview coaching' organization, where students, under the guidance of mentors, submitted meaningless or fabricated PRs to well-known open-source projects to enhance their resumes and seek job opportunities at major companies. The involved contributor has been permanently banned from the vLLM community. To combat 'AI Slop' and false contributions while protecting the legitimate rights of real users, vLLM announced it is exploring a new contribution review process. For important PRs that do not receive timely attention from maintainers, contributors can send emails to pr-review-request@vllm.ai from verified official emails of companies or universities, detailing their production or research use cases, actual problems encountered, and the solutions proposed in the PR. The officials hope that this 'strong real-name/strong association' email review mechanism will prioritize resources for high-quality contributions that address genuine production pain points.

[vLLM Bans Contributor for Submitting Fake PRs to Enhance Resume, Plans to Introduce Company and University Email Verification to Prevent AI Spam]According to monitoring by Beating, the open-source large model inference engine vLLM officially announced on X that it has banned a contributor who maliciously submitted a false Pull Request (PR) to enhance their resume. This incident has exposed the prevalent gray industry of 'Resume-Driven Development' within the open-source community. The issue originated from a PR numbered #42143, which claimed to fix a 'bug' related to the norm_before_fc configuration in the speculative sampling model Eagle3 under NVIDIA Checkpoint. Despite the PR being logically sound, accompanied by a detailed testing plan and performance report, and successfully merged after passing continuous integration (CI) tests, the community later reviewed it and found that the bug did not exist in the actual codebase. The contributor was suspected of 'creating non-existent problems and then solving them.' Leaked chat screenshots revealed that the PR was actually the result of a practical training project from a paid 'interview coaching' organization, where students, under the guidance of mentors, submitted meaningless or fabricated PRs to well-known open-source projects to enhance their resumes and seek job opportunities at major companies. The involved contributor has been permanently banned from the vLLM community. To combat 'AI Slop' and false contributions while protecting the legitimate rights of real users, vLLM announced it is exploring a new contribution review process. For important PRs that do not receive timely attention from maintainers, contributors can send emails to pr-review-request@vllm.ai from verified official emails of companies or universities, detailing their production or research use cases, actual problems encountered, and the solutions proposed in the PR. The officials hope that this 'strong real-name/strong association' email review mechanism will prioritize resources for high-quality contributions that address genuine production pain points.

vLLM Bans Contributor for Submitting Fake PRs to Enhance Resume, Plans to Introduce Company and University Email Verification to Prevent AI Spam

On May 25, as the United States and Iran seem to be gradually approaching an agreement to end the war, the Israeli central bank is expected to cut interest rates. According to a survey of 14 economists, 8 expect the Israeli central bank to lower the benchmark rate by 25 basis points to 3.75% on Monday. Rafael Gozlan, chief economist at IBI Investment Company, stated, "From the central bank's perspective, inflation stabilizing near the midpoint of the target range (1.9%), coupled with a significant appreciation of the shekel, supports a slight rate cut. The next decision will depend on geopolitical developments. If there is no significant escalation, we expect a rate cut; if the situation worsens, the rate may remain unchanged." The Israeli shekel closed last Friday at 2.9 shekels per dollar, maintaining its strongest level in over thirty years, further solidifying market expectations for moderate future inflation. According to a survey released by the Israeli central bank on May 19, the average inflation expectation for the next 12 months has decreased from 2.3% to 1.8%. Since the last interest rate decision by the monetary policy committee at the end of March, the shekel has appreciated by 8%, with a cumulative increase of nearly 24% over the past year. Other factors supporting a rate cut include the slow recovery of the Israeli economy from the war with Iran; even if an agreement is ultimately reached, economic growth is not expected to accelerate significantly.

[Prospects for US-Iran Agreement Improve, Israeli Central Bank Expected to Resume Rate Cuts]On May 25, as the United States and Iran seem to be gradually approaching an agreement to end the war, the Israeli central bank is expected to cut interest rates. According to a survey of 14 economists, 8 expect the Israeli central bank to lower the benchmark rate by 25 basis points to 3.75% on Monday. Rafael Gozlan, chief economist at IBI Investment Company, stated, "From the central bank's perspective, inflation stabilizing near the midpoint of the target range (1.9%), coupled with a significant appreciation of the shekel, supports a slight rate cut. The next decision will depend on geopolitical developments. If there is no significant escalation, we expect a rate cut; if the situation worsens, the rate may remain unchanged." The Israeli shekel closed last Friday at 2.9 shekels per dollar, maintaining its strongest level in over thirty years, further solidifying market expectations for moderate future inflation. According to a survey released by the Israeli central bank on May 19, the average inflation expectation for the next 12 months has decreased from 2.3% to 1.8%. Since the last interest rate decision by the monetary policy committee at the end of March, the shekel has appreciated by 8%, with a cumulative increase of nearly 24% over the past year. Other factors supporting a rate cut include the slow recovery of the Israeli economy from the war with Iran; even if an agreement is ultimately reached, economic growth is not expected to accelerate significantly.

Prospects for US-Iran Agreement Improve, Israeli Central Bank Expected to Resume Rate Cuts

On May 25, Hong Kong's Financial Secretary Paul Chan published an essay stating that the effective use of blockchain and artificial intelligence technology is an inevitable trend in the future of financial development. However, it also presents real governance challenges, such as criminals and terrorists attempting to exploit regulatory differences between countries for money laundering and fundraising activities. Hong Kong's principles, practices, and experiences in the development and regulation of digital assets are ahead of those in Europe, providing ample opportunities for cooperation and mutual learning. This not only promotes healthy industry development but also contributes to global governance.

[Hong Kong Financial Secretary: Development and Regulation of Digital Assets in Hong Kong Ahead of Europe]On May 25, Hong Kong's Financial Secretary Paul Chan published an essay stating that the effective use of blockchain and artificial intelligence technology is an inevitable trend in the future of financial development. However, it also presents real governance challenges, such as criminals and terrorists attempting to exploit regulatory differences between countries for money laundering and fundraising activities. Hong Kong's principles, practices, and experiences in the development and regulation of digital assets are ahead of those in Europe, providing ample opportunities for cooperation and mutual learning. This not only promotes healthy industry development but also contributes to global governance.

Hong Kong Financial Secretary: Development and Regulation of Digital Assets in Hong Kong Ahead of Europe

According to Techcabal, South Africa’s Financial Sector Conduct Authority (FSCA), through the Financial Advisory and Intermediary Services (FAIS) Act, has declared that cryptocurrency assets are classified as financial products, allowing them to be regulated.
However, the FSCA’s head of regulatory frameworks, Eugene Du Toit, clarified that the move does not mean that cryptocurrencies are now legal tender in the country.
“We are not legitimising crypto assets,” Du Toit said at a press conference. “We are not giving credence to crypto assets.”
It is important to note that the FAIS does not include miners and NFT.

Detail

【Crypto assets are now considered financial products in South Africa】According to Techcabal, South Africa’s Financial Sector Conduct Authority (FSCA), through the Financial Advisory and Intermediary Services (FAIS) Act, has declared that cryptocurrency assets are classified as financial products, allowing them to be regulated.
However, the FSCA’s head of regulatory frameworks, Eugene Du Toit, clarified that the move does not mean that cryptocurrencies are now legal tender in the country.
“We are not legitimising crypto assets,” Du Toit said at a press conference. “We are not giving credence to crypto assets.”
It is important to note that the FAIS does not include miners and NFT.

Crypto assets are now considered financial products in South Africa

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genius currently trades at 0.7061 USDT, up 20.19% in 24h, according to HTX market data.

Crypto assets are now considered financial products in South Africa

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