One overlooked group has added $1.78 billion of selling pressure to bitcoin market

According to Bloomberg, Swedish AI programming startup Lovable has raised $400 million in Series C funding, with a valuation of $13.3 billion. This round of financing is led by Menlo Ventures and Scaleup Europe Fund, a subsidiary of the European Union, with participation from multiple institutions such as Tencent. Lovable was founded in 2023 and provides AI tools for building websites and applications through natural language prompts. Its enterprise clients include Adidas, Deutsche Telekom, and Hirst Group.

[BTC Price Rises, Whale 0xff84 Nearly Faces Liquidation and Closes Short Positions Proactively] According to monitoring by Lookonchain, as the price of BTC rose, the short position held by address 0xff84, totaling 1,793 BTC (approximately $114.4 million), was on the verge of forced liquidation. The address subsequently closed part of the position proactively, leaving a remaining short position of 1,543 BTC (approximately $98.97 million). The latest liquidation price has moved up to $64,225.35.

The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.

According to the Seoul Economic Daily in South Korea, Samsung Electronics and SK Hynix are studying a large-scale shareholder return plan, with a total size of over $1412 billion. Samsung Electronics' shareholder return is expected to reach KRW 100 trillion to KRW 125 trillion, while SK Hynix's shareholder return is expected to be the highest or close to KRW 100 trillion. Both companies have stated that specific plans have not yet been determined.

[Multiple Crypto Institutions Jointly Send Letter to AI Labs, Urging Model Access for Bitcoin Developers] According to Cointelegraph, the Bitcoin Policy Institute (BPI), along with crypto institutions such as Anchorage Digital, BitGo, Bitwise, Blockstream, Kraken, Ledger, MARA, and Trezor, has issued an open letter urging AI labs to expand trusted access programs for Bitcoin and open-source software developers. The letter highlights that maintainers of open-source projects like Bitcoin Core lack access to AI labs' cybersecurity programs and are forced to rely on less capable open-source models. Meanwhile, the Bitcoin network safeguards over $1 trillion in assets, and vulnerabilities in open-source infrastructure jeopardize users' savings. The Bitcoin Policy Institute (BPI) revealed that multiple reports indicate sophisticated attackers are leveraging advanced AI capabilities to launch attacks.