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BOSS open-sources its 3B Agent model; official tests exceed Qwen3.5 9B and Gemma4 12B
According to Beating monitoring, BOSS Zhipin’s NanbeiGE Lab has open-sourced Nanbeige4.2-3B. It has only about 3 billion parameters, yet it can simultaneously modify code, handle office documents, call complex tools, and operate terminals. Official tests show that across multiple general-agent and code-agent evaluations, it outperforms Qwen3.5-9B and Gemma4-12B, which have larger parameter counts. On SWE-Bench Verified, it scored 63.6, while Qwen3.5-9B scored 53.1 and Gemma4-12B scored 44.2. Nanbeige4.2-3B makes the same set of model layers compute twice, exchanging more compute for stronger capability. This allows a smaller model to handle more complex tasks without increasing parameters, but inference
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Kimi’s Talent Battle Playbook: Not Just Paying Money—Make Researchers Earn Both Fame and Fortune
In China’s race for AI talent, large companies continue to poach startup teams, backed by deep pockets. Mysterious “Moon’s Dark Side” is said to be able to maintain a stable research team, with core members largely coming from Tsinghua University and CMU, and long-term collaboration outperforming temporary “star” lineups. After DeepSeek R1, Yang Zhilin believed that commercializing too early was premature, so he shifted to concentrating resources on training models and open-sourcing the base model; researchers could then publish papers, be named as authors, and enhance their industry reputation. The company’s advanced research attracts talent first, and then it leaves a public record through open-sourcing—making it more appealing to researchers who value papers and personal reputation than simply joining a large firm.
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Data: Bitdeer’s Bitcoin mining output in June hit 990 BTC, a new all-time high
Mars Finance reported that, according to Bitcoin News, Bitdeer’s Bitcoin mining output in June reached 990 BTC, setting a new historical high. It was up 7.5% from May and was 5 times the amount in June 2025.
BTC0.43%
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Weekly Token Unlocks: EIGEN unlocks 5.8% of circulating supply
This article lists three unlocks: EigenLayer introduces Ethereum restaking to expand crypto-economic security, unlocking 36.78 million tokens, about $7.43 million; Falcon Finance provides a generalized collateral infrastructure for minting synthetic assets, unlocking 100 million tokens, about $6.15 million; Kamino is an automated liquidity solution based on CLMM, incubated by Hubble Protocol, unlocking 220 million tokens, about $4.04 million.
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EIGEN-1.05%
ETH0.79%
FF-1.49%
KMNO0.05%
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MARA CEO: AI data center unit power revenue is higher than Bitcoin mining
Mars Finance news, citing Bitcoin News: MARA Holdings CEO Fred Thiel said that the revenue generated by AI data centers per unit of electricity is higher than that of Bitcoin mining.
MARA-4.89%
BTC0.43%
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Iranian official: The Gachun nuclear facility is currently empty; Trump wants to use the attack to create political achievements for himself
According to Iranian sources, the Ghardeh nuclear facility is not only well-fortified, but also empty—so a U.S. attack is bound to fail. Trump is planning to use this to claim political achievements, but it is of no use to reality. Iran says it will respond in different ways, not limited to large-scale military action. Previously, the U.S. informed Israel that in the coming days it would step up attacks on Iran, including its first use of heavy bombers to strike the underground facilities at Ghardeh. Ghardeh is near Natanz and is Iran’s most fortified underground nuclear site.
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Liang Wenfeng was dissatisfied with reports about his remarks, and DeepSeek announced a pause in its second round of fundraising
Mars Finance news: On July 25, DeepSeek announced it is pausing its second round of fundraising and orally notifying some potential investors that it will not sign the investment agreements as expected. The pause is partly due to the founder Liang Wenfeng’s dissatisfaction with online reports about statements he made to investors during its first fundraising transaction. DeepSeek may still choose to resume the deal process at a later date, and it has already begun preparing for an initial public offering, which may be filed as early as this year.
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Coinbase’s Bitcoin negative premium has lasted for 67 days, and US market purchasing power remains weak
According to Coinglass data, Coinbase’s Bitcoin premium index has been in negative premium for 67 consecutive days since May 19, with the latest value at -0.0708%. Previously, from January 16 to February 24, it had been in negative premium for 40 straight days, setting the longest consecutive negative streak since the index was launched. Negative premium typically reflects increased sell pressure in the U.S. market, a decline in investors’ risk appetite, rising market safe-haven sentiment, or outflows of funds.
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BTC0.43%
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Liu Liehong, Party Secretary of the National Data Bureau and Director, visited Shanghai to conduct research on reforms for the market-oriented allocation of data elements.
Mars Finance news: July 16–18—Liu Liehong, Party Secretary of the National Data Bureau and Director, led a delegation to Shanghai to conduct on-site research at Shanghai Data Group, the Shanghai Data Exchange, the Shanghai Shenkang Hospital Development Center, Zhiyuan Innovation (Shanghai), Toshi Zhihang, Itoshi Zhihang, Ling Shu Technology, Wu Wen Xin Qiong, Youqa Network, Lingxi Cloud, Yuanxin Satellite, Guotai Haitong Securities, Songshu Cloud Technology, and other companies. The delegation delved into areas including data infrastructure development, the development and utilization of data resources, data circulation and trading, embodied intelligence, and brain-computer interfaces, to gain an in-depth understanding of how the reform work on the market-based allocation of data elements is being advanced. (Caixin)
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Did the market misjudge NVIDIA? Valuation falls to a five-year low, the forward P/E is cut in half, and the threat from competition is being priced too aggressively
On July 25, Nvidia’s stock was about $212, up only 10% year-to-date, and looked dim amid a surge in the Philadelphia Semiconductor Index. The current pricing implies virtually no growth after 2027. Its reasonable value is about $280—roughly 16 times fiscal year 2029 sales. Bears are concerned about the rise of rival companies and the threat from in-house chips; bulls are optimistic that the revenue growth rate over the next two years and the EPS growth rate around 2029 will both exceed 45%, that its share of inference chips will increase, and that the impact of an AI winter on it may be smaller than on emerging vendors.
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NVDA-0.83%
AMD-3.29%
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PlanB speaks out against the Bitcoin BIP-110: Fork supporters have not understood the essence of decentralization
Well-known analyst PlanB opposes Bitcoin’s BIP-110 temporary soft fork, arguing that the fork misunderstands three points: Bitcoin’s decentralization and anonymity, enthusiasts’ aversion to spam, and BCH’s failed-fork history. Within about a year, BIP-110 would add seven consensus constraints, compressing any non-payment data to reduce node burden and focus on currency functionality. Miners’ support is around 1%, far below the 55% threshold. After the signaling window opens on August 7–8, the results will be announced.
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BTC0.43%
BCH-0.61%
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NVIDIA CEO Jensen Huang opened an X account and published an open letter on the first day; 25 technology companies jointly signed to call for support for open models.
NVIDIA CEO Jensen Huang opened a personal account on X and published his first post, with 25 technology giants jointly signing a public letter calling on the U.S. government to support the development of open models. In the letter, they argue that AI leadership should not be measured only by a single strongest model, but by an open, strong, and scalable ecosystem. They say open models can enhance security, accelerate innovation, and improve market competition, ensuring an AI dividend for the public at large. The letter also acknowledges risks and argues that strengthening security research should replace restrictions on openness.
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NVDA-0.83%
MSFT0.06%
META-1.78%
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Data: In the second quarter, Bitcoin’s “dormant awakening” dropped to its lowest level since Q3 2022, marking a revival in dormant activity after a period of silence.
Mars Finance News: Galaxy research head Alex Thorn posted on X that in Q2, the “Bitcoin woke up” volume fell to the lowest level since Q3 2022, down significantly from the high levels in 2024 and 2025.
BTC0.43%
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Revolving Door Exposed: Who Is Tailoring U.S. Stablecoin Regulation for Tether?
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The original author: Anthony Cormier, David Kocieniewski, Annie Massa, Bloomberg
The original article translated by: Saoirse, Foresight News
This is considered a landmark event for the crypto industry, and the first legislative-level win for Trump’s agenda to help the U.S. build a “global crypto hub.”
One year earlier in the same month, Trump signed the GENIUS Act into law in the East Room of the White House, in the presence of a host of lawmakers and industry executives. He said the bill took a key step toward integrating digital assets into the United States’ mainstream financial system.
For the first time, the bill establishes federal regulatory rules for stablecoins, aiming to rebuild market confidence. The sector’s scale reaches $300 billion. The bill requires issuers to disclose their accounts and safeguards against financial fraud; it also plans to bring stablecoin issuers and ...
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Recapping the “major upgrades” of four DeFi protocols: from trading privacy to asset compliance—what key capabilities is DeFi filling in?
Author: Jae, PANews
Over the past month, the DeFi space has seen a batch of new products and underlying infrastructure upgrades worth paying attention to.
From private transactions to RWA compliance, from fixed-rate lending and borrowing to improvements in on-chain trading experience, multiple leading protocols are exploring key links in the development of on-chain finance, trying to solve the core issues that have long constrained DeFi’s large-scale growth.
All of these developments point to a single trend: the focus of DeFi competition is shifting from early growth models centered on liquidity and yield, toward long-term building around the capabilities of financial infrastructure.
This article reviews the latest progress of four major DeFi protocols—Zama, Uniswap, Morpho, and Jito—and provides an in-depth analysis of the industry significance behind their product innovations and the potential challenges.
Zama Confidential
RWA0.42%
ZAMA3.78%
UNI-3.42%
MORPHO2.91%
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Crypto KOL: After the BitMart platform token BMX plunged more than 60%, platform withdrawals appear to have encountered abnormal activity.
Mars Finance news: According to the crypto KOL Crypto Invincible’s disclosure, the BitMart platform token BMX saw a drop of more than 60% at one point yesterday. After that, some community users reported that the withdrawal review time has been noticeably longer than usual, while others said that withdrawals of several hundred U initiated this morning still have not been credited. As of now, BitMart has not yet released any public explanation regarding the withdrawal delays. Considering that abnormal withdrawals often serve as a warning sign of platform risk, Crypto Invincible advises users who are still holding assets on BitMart to withdraw their funds as soon as possible.
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The latest draft of the “CLARITY Act” includes provisions encouraging white-hat hackers, and proposes to reward individuals for identifying security vulnerabilities.
Mars Finance news: On July 25, the latest draft of the U.S. Senate’s “Cryptocurrency Market Structure Act” (the CLARITY Act) includes provisions encouraging white-hat hackers to responsibly disclose cybersecurity vulnerabilities. The draft proposes authorizing rewards for individuals who identify and report security flaws, in order to strengthen protection of digital asset infrastructure before vulnerabilities are exploited maliciously. The provision adopts the views of former CFTC Chairman J. Christopher Giancarlo, who has long advocated for digital asset innovation.
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North Korea cracks an internal bank hacking gang: veteran net war elites colluded with IT prodigies from top universities to smuggle foreign exchange using cryptocurrencies
North Korea’s intelligence agency raided a safe house in Pyongyang in July and arrested a hacker group that infiltrated the networks of two banks in its own country. The group was led by retired servicemen and recruited talented individuals from Kim Chaek University of Technology and Kim Il Sung University of Technology to break into the banks’ internal networks and move funds to overseas crypto wallets. The funds were then converted into cash through brokers, and after setting up collection points in border areas to launder the coins, they were exchanged for U.S. dollars in real time. After the incident, senior officials were rattled, fearing that accountability could spread to them.
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