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The dark side of the moon plans to release the Kimi K3 large model soon, with a parameter scale reaching 2 to 3 trillion, closely following the leading teams in the United States

According to the Financial Times, informed sources reveal that the Chinese AI unicorn company Moonshot AI plans to release a new large language model, Kimi K3, in the near future. This model has between 20 trillion to 30 trillion parameters, making it the largest AI model in China by parameter scale, and its performance is expected to surpass the flagship model Claude Opus 4.8 from Anthropic in mainstream benchmark tests (industry speculation suggests its parameter count is around 15 trillion to 20 trillion).Unlike the currently mainstream closed-source and expensive cutting-edge large models in the United States, Kimi K3 will be available as an open-weight model for users to download and modify for free, which may create competitive pressure for leading American labs like OpenAI and Anthropic. Currently, due to the rising service fees for large models in the U.S. (for example, Anthropic has announced a 50% price increase for Opus 4.8 in September), some overseas companies have begun to shift towards using more cost-effective Chinese open-source models.In terms of the capital market, informed sources indicate that Moonshot AI is preparing for a new round of financing, with the latest valuation expected to reach approximately $31.5 billion. Meanwhile, the valuations of other AI giants in China and the U.S. are also rising; DeepSeek is starting a new round of financing with an estimated valuation of about $71 billion, while Anthropic and OpenAI have reached valuations of $965 billion and $852 billion, respectively, in their latest round of financing. In response to the aforementioned release and financing rumors, Moonshot AI has currently declined to comment.

Gate and single-ecosystem robust development, CFD trading and contract following users and trading scale are continuously increasing

According to official data from Gate, the platform's copy trading ecosystem continued to show strong growth last week. The overall trading volume of CFD copy trading increased by 24.4% month-on-month, with copy trading volume increasing by 39%; the daily average number of new copy trading users grew by 25.8%, and the daily average number of new copy traders increased by 36%. Meanwhile, Gate's contract copy trading business maintained rapid development, with the daily average number of new contract copy trading users increasing by 50% month-on-month, and user participation and trading activity continued to rise.As the industry's first platform to launch contract copy trading and CFD contract copy trading services, Gate has built a copy trading ecosystem covering diverse markets such as crypto assets, metals, foreign exchange, indices, commodities, and popular U.S. stocks, and adopts a HWM (High Water Mark) profit-sharing mechanism, allowing copy traders to enjoy a profit-sharing ratio of up to 20%, creating a fairer and more transparent growth environment for copy trading users and professional traders.In addition, the Gate copy trading platform provides multi-dimensional leaderboards for star traders, steady traders, and potential newcomers, supports one-click quick copy trading and flexible parameter configuration, and helps new users grow rapidly through trader live broadcasts and community activities, continuously practicing the concept of "allowing every user to trade like a professional trader."
2026-06-16

The U.S. Congress will advance a bipartisan cryptocurrency tax bill, which may become the next significant legislation following the CLARITY Act

Jason Smith, the chairman of the U.S. House of Representatives' fundraising committee, stated that digital asset tax legislation must receive bipartisan support; otherwise, the related bill process will not advance. Subsequently, U.S. Representatives Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly proposed the "Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Revenue Act" (PARITY Act). The bill aims to update digital asset tax rules, provide a clearer regulatory framework for the market, while enhancing investor protection and preventing market manipulation.Representative Steven Horsford stated that the bill will help ordinary investors participate more safely in the digital asset market and promote wealth accumulation opportunities. Max Miller believes that the current U.S. tax laws are unable to adapt to the rapid development of digital assets and modern financial technology. Currently, the PARITY Act and the advancing CLARITY Act are seen as important components of establishing a comprehensive regulatory system for crypto assets in the United States.The U.S. Congress released a tax policy discussion draft in March this year and held a bipartisan roundtable in May to discuss the tax framework for crypto assets. The market is closely watching whether the CLARITY Act can be passed by 2026. Analysts believe that if both the CLARITY Act and the PARITY Act are ultimately legislated and combined with the subsequent rule-making of the GENIUS Act, the U.S. crypto industry will welcome a clearer regulatory environment, further promoting Web3 and DeFi into the mainstream financial system.
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