The giant whale holding a ZEC short position was forced to close out, resulting in a loss of $10.68 million

Sandeep Nailwal, CEO of Polygon Foundation, stated that 100 million POL are ready for permanent destruction, and the relevant contracts have been deployed on the test network. After the final signing by the security committee, they will be launched on the main network. After the first destruction, it will be converted to a quarterly destruction mechanism, and community users can trigger the destruction.

Anthropic, OpenAI, SpaceX AI, and Google have been sued for calling for a slowdown in AI development. (Source: Politico)

[Anthropic, OpenAI, and Other AI Organizations Sued for Contradictory Actions] Anthropic, OpenAI, SpaceX AI, and Google have been sued, with plaintiffs alleging that these organizations called for slowing down AI development while actually accelerating their research efforts. The case has entered judicial proceedings, and the relevant complaints have been submitted to the competent court. (Source: Jin10 Data)

Robinhood's popular Meme coins in the ecosystem fell, with PONS dropping over 7% to $687 million, AI dropping nearly 14% to $305 million, BONER dropping over 15% to $49.59 million, MEME dropping over 13% to $32.24 million, SHROOM dropping over 20% to $13.56 million, and Microduck dropping over 8% to $5.6 million.

Linera founder Mathieu Baudet announced on the Discord platform that Linera will immediately cease operations due to fundraising activities not meeting standards. The token sale on the Sonar platform resulted in a subscription commitment of approximately $900000, which did not meet the minimum amount required to complete the sale. All subscription funds have been refunded to the participants. The team was unable to raise the emergency funds needed to maintain operations until the mainnet went live. Linera's LNRA community received a commitment of 848300 USDC, but a refund was issued due to not meeting the minimum target of 1.5 million USDC.