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According to Xinhua News Agency, as the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence are about to be held, the new generation model Kimi K3 was released on the 16th, with a parameter scale of 28 trillion. This is currently the largest open-source model in the world by parameters, marking a new step in the development of artificial intelligence models in our country.Beijing Moon's Dark Side Technology Co., Ltd., which released the model, introduced that Kimi K3 natively supports visual understanding, has a context window of 1 million tokens, and is optimized for complex task scenarios such as software engineering, knowledge work, deep research, and multimodal understanding, further enhancing the processing capability of large models for complex tasks. It is understood that in evaluations, Kimi K3's comprehensive intelligence level is close to that of the world's leading closed-source models. A relevant person in charge of Moon's Dark Side stated that in the process of training the new generation foundational model Kimi K3, they used a self-developed underlying model architecture and accumulated a complete set of scientific model training methods.

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.

Global chip foundry giant TSMC announced its financial report for the second quarter of 2026. Benefiting from the strong demand for advanced process chips driven by global AI infrastructure development, TSMC's performance this quarter significantly exceeded market expectations. During the period, it achieved revenue of NT$1.27 trillion (approximately US$40.2 billion), a year-on-year increase of 36%; net profit reached NT$706.6 billion (approximately US$22 billion), a year-on-year surge of 77.4%, far exceeding the market's previous estimate of NT$623.7 billion. In addition, the company's gross margin for the quarter reached 67.7%, and the operating margin was 60.3%, both better than expected.In terms of process structure, advanced processes (7 nanometers and below) contributed a total of 77% to the total wafer revenue this quarter. Among them, the 3-nanometer and 5-nanometer processes accounted for 30% and 33%, respectively, while the 7-nanometer process accounted for 11%. Notably, TSMC's newly shipped 2-nanometer advanced process recorded revenue for the first time, accounting for 3%.Looking ahead, TSMC confirmed that its capital expenditure for 2026 will approach a record US$56 billion and plans to invest approximately US$26.5 billion in its advanced manufacturing park in Arizona, USA. TSMC CEO C.C. Wei stated that the current pace of capacity expansion still lags behind demand, and the situation of supply not meeting demand is expected to continue for several years. Meanwhile, despite TSMC's strong performance, the market remains somewhat cautious and concerned about whether the massive AI investments by tech giants can translate into actual returns and the medium- to long-term competitive landscape.

According to Jinshi reports, IBM's stock rose 4.5% in pre-market trading after the company launched the world's first sub-1 nanometer chip technology.

Today, Bitget CFD Chief Analyst Lewis Huang pointed out in an online live broadcast themed "Logic of Gold Trend Analysis" that this week's market focus will be on the U.S. May PCE Price Index and the final value of Q1 GDP.Previously, CPI and PPI data reached new highs, non-farm employment showed robust performance, and signals of inflation rebound combined with the Federal Reserve's hawkish stance have led the market to gradually digest rate hike expectations. He emphasized that Waller has clearly stated that controlling inflation is the top priority, and the interest rate dot plot shows that rate hikes in 2026 are becoming an internal consensus, and the market needs to prepare for a higher and longer-lasting interest rate environment.Regarding the gold trend, Lewis Huang stated that due to the impact of geopolitical conflicts driving up energy prices, the overall year-on-year increase in the Personal Consumption Expenditures (PCE) Price Index may rise to 3.4% or even higher. If the Personal Consumption Expenditures (PCE) Price Index rises unexpectedly, the U.S. Dollar Index will gain strong momentum, while non-interest-bearing assets like gold will face weakening risks. He suggests that CFD traders closely monitor inflation expectation differentials and flexibly capture opportunities for U.S. dollar bullishness or guard against gold downturns.

According to a report by ZeroHedge, JPMorgan predicts in a research report that Zhipu will release the next-generation flagship model GLM-5.5 in August, with the parameter count possibly exceeding one trillion (>1T).Zhipu just open-sourced the GLM-5.2 model with a total parameter count of 744B in mid-June, which has performed impressively in several long-range programming benchmarks. The upcoming trillion-parameter model release will become the next key indicator to assess whether Zhipu can continue to maintain an upward trajectory in its technology curve.

According to the official announcement, Bitget has adjusted the leverage, position tiers, and maintenance margin rate for the SPCXUSDT U-based perpetual contract trading pair. Based on the position limit, the leverage has been increased to a maximum of 100 times.Existing positions before the user update will be affected, and users can adjust the relevant parameters according to their asset allocation needs.

According to L2BEAT analysis, users of the Ethereum Layer 2 network Scroll were overcharged more than $50,000 in transaction fees within about four days last week. The reason is that the Scroll team manually adjusted two rate multipliers in their Gas price oracle six times within six days, increasing each by 2 to 10 times, cumulatively raising the L1 data cost parameter to 1,280 times the original benchmark.Approximately 139,000 affected transactions originally had a total cost of only about $280, but were actually charged over $50,000, with automated bots accounting for the vast majority. L2BEAT pointed out that the overcharging was not an issue with the sequencer, but rather stemmed from the team's multiplier adjustments executed through a multi-signature wallet. This incident has raised questions about whether Scroll had previously subsidized users with rates below cost to maintain activity. According to DeFiLlama data, Scroll currently has a TVL of only $24 million, down 96% from its peak of $585 million in October 2024. As of the time of publication, Scroll has not publicly responded.

ChainCatcher message, the Ethena Foundation confirmed on social media that the fee switch parameters set by the Risk Committee have met the requirements. It is expected that the fee switch for ENA will be activated after the Risk Committee approves the implementation details and completes the subsequent governance process.The Ethena Risk Committee is currently discussing the implementation details, which will be made public once finalized ------ at that time, ENA holders will be required to vote to confirm the proposed framework.

ChainCatcher news, according to the official announcement, JustLend DAO lowered the sTRX energy leasing APY on July 13, while maintaining the energy return fee mechanism. This adjustment is expected to significantly reduce users' leasing costs while enhancing the staking rewards for TRX holders.As a leading lending protocol in the TRON ecosystem, JustLend DAO is committed to optimizing the DeFi product experience and advancing the improvement of the financial infrastructure of the TRON network. The platform will continue to optimize parameter configurations to ensure the robust operation of the protocol and the safety of user assets.

ChainCatcher news, according to CryptoNews, the Krasnoyarsk Krai prosecutor's office in Russia reported the discovery of an illegal outdoor cryptocurrency mining farm covering 30,000 square meters in a state-owned industrial area in Nazarovo. The facility has a monthly output value of approximately 4.6 million rubles (about 58,700 USD), using a large number of transformers, generators, and mining machines, and illegally tapping into the municipal power grid for electricity. The company had previously ignored warnings from the prosecutor's office, and ultimately the court ordered a complete halt to its operations.

ChainCatcher message, the Bitcoin staking protocol Babylon announced on platform X that the governance proposal to modify the Babylon Genesis chain parameters has officially launched. This proposal aims to adjust the unbinding fee for the second phase of staking from 100 sats/vbyte to 30 sats/vbyte. Voting is now open, and the deadline is 7 AM UTC on Monday, April 21.

ChainCatcher news, according to Jinshi reports, there are market rumors that the EU trade chief discussed parameters for reducing tariffs with the United States.

ChainCatcher message, according to a warning from the Slow Mist security team, "We have detected two suspicious transactions using the same method on the ETH and BSC chains. The attacked contracts may have failed to check the incoming parameters in their swap-like functions, allowing attackers to construct malicious tokens and profit. However, these contracts are not open source."Slow Mist reminds users to stay vigilant and pay attention to asset security.

ChainCatcher news, according to Protos, a kidnapped cryptocurrency trader attempted to escape by jumping from a 30-foot (approximately 9 meters) high balcony while being threatened by his captors to pay a ransom of €30,000 ($31,000) for his freedom, resulting in broken ankles.The 34-year-old trader met with the kidnappers in Marbella, Spain, who lured him to an apartment in Estepona for drinks. Afterwards, the kidnappers abducted him and demanded that he use cryptocurrency from his client accounts to pay the ransom, or face torture.The victim pretended to agree and made a call, claiming he was contacting a client for the necessary cryptocurrency withdrawal code. In reality, he contacted a friend, who then guided the police to the apartment where he was being held.However, before the police arrived, the victim attempted to escape from the balcony while the kidnappers were distracted. Unfortunately, he fell, resulting in broken ankles.

ChainCatcher news, according to Yonhap News Agency, the Korean Advanced Public Officials Crime Investigation Office (Public Investigation Office) announced on the 14th that the 55th Guard Brigade of the Army Capital Defense Command approved the entry of personnel from the Public Investigation Office and the National Investigation Headquarters of the National Police Agency into the official residence to execute President Yoon Suk-yeol's detention order.The Public Investigation Office stated that on the afternoon of the same day, it sent a document to the 55th Guard Brigade requesting approval for personnel from the Public Investigation Office, the National Investigation Headquarters of the National Police Agency, and the Ministry of National Defense Investigation Headquarters to enter the official residence to execute Yoon Suk-yeol's detention order. The 55th Guard Brigade subsequently replied with "approved for entry." According to the Presidential Guard Law, the 55th Guard Brigade is subordinate to the Presidential Security Office, managed by the Security Office, and is responsible for the outer security tasks of the presidential residence. (Kim Ten)