BNB falls below the $600 mark

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Odaily Planet Daily News: Binance official account @ BinanceHelpDesk responded to users on X platform. According to the announcement, the incident was mainly caused by three VIP users selling tokens worth approximately $514000 in the spot market, as well as a non VIP user transferring and quickly selling ACT tokens worth $540000 from an external platform. The related selling behavior triggered forced liquidation of some futures contracts and caused a chain reaction in the market. Binance stated that after investigation, no single account was found to have obtained large profits through this incident. Due to all relevant tokens already circulating in the secondary market, the platform is unable to intervene in normal market trading activities. To prevent risks, Binance has recently proactively lowered the leverage ratio of ACT/USDT perpetual contracts and emphasized that it will continue to enhance market liquidity through market maker programs. Previously, the sudden 50% collapse of ACT in a short period of time sparked community discussions.

Michael Saylor's perpetual capital raising machine could be nearing its limit, according to Monness, Crespi, Hardt & Co.

OpenAI CEO Sam Altman stated in an article on the X platform that the company is currently facing severe GPU computing pressure, which may result in delayed release of new versions, occasional service interruptions or slowdowns. He called on anyone with 100000 level GPU resources available to contact him as soon as possible, and the team is working hard to solve the problem.