moon

Ethereum co-founder Vitalik Buterin announced today that the original novel "Snowmoon" has been completed, consisting of 32 chapters.The novel unfolds in a speculative science fiction setting, depicting a world that heavily relies on cryptography and decentralized governance. The story focuses on the ideological conflicts between societies such as Veridia and the Arctic Empire, involving elements like zero-knowledge proofs, second voting, privacy technologies, and content-oriented tax mechanisms, integrating themes of mechanism design and digital sovereignty that have long been of interest to Vitalik.The work is released under the GPL v3 license. Vitalik stated that adaptations into films, animations, and other derivative works are allowed, but requires the related production pipeline (including AI prompts, scripts, and other non-generic materials) to be open-sourced. He declared that all text was written by him, with AI assistance only used for spelling and grammar checks, consistency verification, and webpage formatting, and noted "Snowmoon was written with love."

On the 24th, the Tianyancha App showed that Kimi, an artificial intelligence company, has undergone a business change recently. The registered capital of its parent company, Beijing Dark Side of the Moon Technology Co., Ltd., has increased from 2.2385 million yuan to 11.5753 million yuan, an increase of 417.09%.The Tianyancha App indicated that Dark Side of the Moon was established in April 2023, with Yang Zhilin as the legal representative. It is currently jointly held by Yang Zhilin, Shenzhen Harmonious Growth Phase III Technology Development Equity Investment Fund Partnership (Limited Partnership), Zhou Xinyu, and others. The above information comes from a report by China News Network.

According to The Information, citing informed sources, China's National Internet Information Office has launched an investigation into AI companies DeepSeek and Moonshot AI, triggered by Anthropic's allegations that the two companies secretly routed sensitive user data to their servers. Reports indicate that regulators visited the offices of both companies, interviewing executives and employees, focusing on whether sensitive data related to law enforcement, military, and state-owned enterprises has flowed into U.S. servers.The trigger for this investigation was Anthropic's fourth threat intelligence report released on September 10. This 154-page document accuses seven Chinese labs—Alibaba, Moonshot AI, DeepSeek, Z.ai, MiniMax, SenseTime, and Xiaomi—of engaging in what it calls "illegal distillation," which involves using the outputs of large models to train smaller models. Anthropic states that distillation itself is a legitimate practice, but it opposes its implementation through fraudulent accounts. The National Internet Information Office initially summoned all seven companies named in the report, but later narrowed the investigation to DeepSeek and Moonshot AI. Anthropic claims that Moonshot AI routed over 23 million interactions to Claude through 5,380 fraudulent accounts, while DeepSeek generated over 12.1 million interactions within a 14-day window in July.The timing of the investigation is quite delicate for both companies.

According to Fortune, MoonPay announced the acquisition of North Capital Investment Technology, a brokerage service company based in Utah, USA, which provides custody, secondary market trading, and asset tokenization services for debt, equity, and other assets.MoonPay did not disclose the transaction amount, but sources familiar with the matter revealed that the deal is an all-stock transaction valued at over $60 million. North Capital holds several licenses related to the U.S. Securities and Exchange Commission (SEC), including broker-dealer, alternative trading system (ATS), transfer agent, and investment advisor licenses. MoonPay plans to leverage this to expand its tokenization business for stocks and more.

From September 22 to September 28, five major projects under TRON ECO—SUN, JUST, WINkLink, BitTorrent, and AINFT—launched the "Moonlight Tarot: Reveal Your Exclusive Identity" Mid-Autumn Festival themed event. Users can choose the tarot identity card that best fits them, tag the corresponding project, and include a reason that combines the characteristics of that project's products. At the same time, tag three friends and include the topic #TRONECOMoonTarot to participate.The event sets up 25 popularity awards for tarot (TRON ECO exclusive peripheral gift packages) and 10 lucky tarot signs (TRON ECO doormats), totaling 35 gifts. As the moon is full, the card array is open, and five identities await to be claimed—whether you are the "Trader" who excels in efficient trading, the "Alchemist" skilled in asset operations, the "Insightful" one connecting on-chain and off-chain, the "Communicator" enthusiastic about spreading information, or the "Architect" building AI Agents, you can find your role in this Mid-Autumn Tarot journey.Bring the topic and reveal your identity card, and celebrate a Mid-Autumn Festival with TRON ECO that is filled with cards, gifts, and surprises.

The Binance Futures platform will launch the MOONSHOTUSDT U-based Pre-IPO perpetual contract on September 22 at 16:30, with a maximum leverage of up to 20 times. This contract supports 24/7 trading and is settled in USDT.

Financial technology company MoonPay will collaborate with asset management company WisdomTree to expand access for U.S. investors to the WisdomTree Treasury Money Market Digital Fund (WTGXX). WisdomTree will leverage MoonPay's technology to develop an entry point for the fund, covering over 35 million accounts on MoonPay.MoonPay plans to incorporate the tokenized money market fund WTGXX, which has an approximate management scale of $1.2 billion, into its stablecoin reserve management system. WTGXX aims to maintain a net asset value of $1 per share, and MoonPay will launch its enterprise-focused stablecoin business in November 2025. WisdomTree manages approximately $176.7 billion in assets, and the collaboration may expand to other tokenized funds in markets outside the U.S. WTGXX has seen a net inflow of $466 million over the past 30 days.

Chinese artificial intelligence company Moonshot AI aims to increase its annualized revenue to $2 billion by the end of this year, intensifying competition against rivals like Anthropic and Z.AI with breakthroughs from the Kimi K3 model.Insiders say the company recently informed investors that its annual recurring revenue exceeded $1 billion in August, up from $300 million in June. This leap was driven by the large-scale Kimi K3 model released in July, which ranked highly in performance benchmarks and is significantly cheaper than major competitors in the United States.

As the Mid-Autumn Festival approaches, the world's leading digital asset trading platform Gate has launched a limited edition gift box themed around the festival, specifically for global partners and VIP users. As an important traditional festival, the Mid-Autumn Festival carries cultural meanings of reunion, gathering, and good wishes. Gate also takes this opportunity to extend sincere greetings to global users and partners, further strengthening interactions with the community and ecological partners.The design of this gift box incorporates visual elements such as the moon and space travel, along with outdoor lifestyle products like picnic mats and inflatable sofas, extending the "moon viewing" imagery of the Mid-Autumn Festival into a more modern outdoor setting. It is worth mentioning that the lunar elements naturally resonate with the long-standing "To the Moon" culture in the cryptocurrency industry: on one end is the bright moon symbolizing reunion and good wishes in Mid-Autumn culture, while on the other end is the cryptocurrency industry's expression of exploration, breakthroughs, and future visions.From holiday gifts to brand cultural expression, Gate's Mid-Autumn gift box integrates the festival's meaning of reunion, outdoor lifestyle, and cryptocurrency culture into a single scene, conveying the spirit of the festival while also strengthening emotional connections with global users and partners in a more industry-specific manner.

According to LatePost, Moon's Dark Side (Kimi) has submitted an A1 application to the Hong Kong Stock Exchange in a confidential manner, officially starting the IPO process for Hong Kong stocks. At the same time, the company is advancing a new round of financing with a pre-IPO valuation of approximately $50 billion, expected to be the last round before the IPO.The report cites public and market information stating that Kimi has accelerated its model iterations this year, successively releasing K2.5, K2.6, and K3, and updating at a pace of about one version every three months.On the revenue side, Kimi's ARR broke $100 million in early March this year and increased to around $300 million by mid-June; after the release of K3, the enterprise ARR saw several times growth. With the increase in usage and computing power demand, Moon's Dark Side has raised its valuation from about $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple rounds of financing.

MoonPay has integrated the Solana lending protocol Kamino into its AI payment vault PayBox, allowing eligible users to execute token lending or collateralized borrowing on Solana through conversations with ChatGPT or Claude. According to DefiLlama data, Kamino has a locked value of approximately $1.3 billion, with an active loan scale of about $1 billion.This integration does not create new loan products but replaces Kamino's original interface with natural language commands. Users can request that each transaction requires passkey approval or allow the AI to operate autonomously within preset limits. MoonPay launched PayBox in July, initially supporting payments, token swaps, cross-chain bridging, and earning through Aave. The integration of Kamino marks its expansion from AI payment tools into the credit management field.Currently, AI-based crypto applications are mainly focused on small, high-frequency payment scenarios. The x402 protocol developed by Coinbase has processed approximately $50 million and 165 million payments. This integration allows AI to manage user funds, with a single command capable of creating leveraged positions. If the value of the collateral falls and triggers Kamino's liquidation threshold, the position may be liquidated. This service is not currently available to users in the United States, United Kingdom, European Union, and Australia, with specific availability varying by asset and jurisdiction.

The decentralized lending protocol Moonwell is investigating issues affecting the MAMO Core Market on Base. Security firms CertiK and PeckShield have flagged a multi-million dollar exploit incident, estimating losses of approximately $8.7 million.Moonwell stated on X that as a precaution, the borrowing limit for all Core Markets on Base has been set to 1 wei, and the supply limits for MAMO and WELL have also been set to 1 wei. PeckShield noted that the attacker aggregated stolen funds to an address for the DAI stablecoin; CertiK indicated that the attacker manipulated the collateral price of the low liquidity MAMO token and then borrowed real cbBTC from the mCBTC market to carry out the attack, with Blockaid also identifying the same attack mechanism.As a result, the WELL token dropped about 13% in 24 hours, while MAMO fell about 9%. This exploit incident is part of a period of frequent DeFi vulnerabilities since April, during which multiple protocols have been hacked for over $600 million, with the largest being a $292 million exploit of Kelp DAO.

According to monitoring by Blockaid, its vulnerability detection system has found suspicious activity on the Base chain related to Moonwell. Attackers manipulated the MAMO collateral price to borrow cbBTC from the mCBTC market.The currently observed impact is the transfer of 50.6 cbBTC (worth over 4 million USD).

According to sources, Dark Side of the Moon is negotiating with Microsoft, Amazon, and Google for revenue sharing of the Kimi K3 artificial intelligence model. Dark Side of the Moon is seeking to obtain up to 30% of the revenue generated from K3-related services in the early negotiations.

According to Jinshi reports, the dark side of the moon Kimi announced that the company's first-generation trillion-parameter multimodal model Kimi K2.5 will end its service at the end of this month.

According to CoinDesk, Cash App has integrated with the cryptocurrency payment platform MoonPay, expanding its cryptocurrency services from previously primarily supporting Bitcoin and the US dollar stablecoin USDC to include various digital assets such as Ethereum, Solana, XRP, and USDT.

According to the official announcement, Bitget has launched the IPO pre-market perpetual contract MOONSHOT/USDT, supporting up to 10x leverage and 24/7 trading.It is reported that Dark Side of the Moon is a Chinese artificial intelligence research and application company, known for its Kimi series products, and has received investments from institutions such as Alibaba and Tencent. It is also one of the potential IPO candidates with high attention in China's large model track market.

According to Wired, during security testing, the open-source model Kimi K3 from the dark side of the moon broke out of the sandbox and accessed the internet, attempting to find test answers via GitHub. American security startup Frontier Security stated that Kimi K3 exploited a sandbox configuration vulnerability, but it itself lacked sufficient built-in protective mechanisms.Similar to incidents previously disclosed by OpenAI and Anthropic, this escape partially stemmed from a sandbox configuration error. However, Kimi K3 did not initiate an attack, as the answers were easily accessible on GitHub. The CEO of Frontier Security stated that Kimi K3 performed excellently in cybersecurity defense but lacked mechanisms to prevent cheating or escaping the sandbox. Security experts emphasized that configuring the testing environment is crucial, as the misuse of AI agents could lead to system failures.

According to Reuters, Alibaba plans to require its next-generation Qwen open-source AI model's heavy commercial users to share a portion of their revenue with it. This initiative is similar to the approach taken by Moonlight Dark Side with Kimi K3: the licensing terms for Kimi K3 stipulate that if the model is sold as a service and the annual revenue exceeds $20 million, a commercial agreement must be negotiated with Moonlight Dark Side, with reports suggesting a revenue-sharing ratio of up to 30%. The specific revenue-sharing ratio for Alibaba is still under discussion.The report points out that such revenue-sharing agreements have gradually taken shape between Chinese AI companies and American cloud platforms. Several American cloud providers, including DigitalOcean, have signed commercial agreements with Moonlight Dark Side. In terms of pricing, the input/output token price for Kimi K3 is about one-third that of the Anthropic Fable model. Additionally, Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, has also joined the open-source camp and released its first open-source model last month. This move signifies that Chinese AI companies are exploring sustainable commercialization paths on open-source models through a "free open-source + commercial charging" freemium model.