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Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.

AI & Enterprise

White House official targets China's Moonshot AI over Kimi K3, alleges copying of Anthropic's Fable

A senior White House technology official criticised Chinese startup Moonshot AI, alleging it illegally copied Anthropic’s Fable model to develop its new AI model, Kimi K3, as Moonshot prepares for a public release. Michael Kratsios said Moonshot built internal systems to conduct large-scale extraction and repeatedly changed access routes to avoid tracking. He also alleged Moonshot used Nvidia GB300 servers and carried out industrial-scale, covert distillation.

Crypto

Shiba Inu nears return to top 30 by market cap as 74.2 billion SHIB leaves exchanges

Shiba Inu (SHIB) is close to re-entering the top 30 cryptocurrencies by market capitalisation after large net outflows from centralised exchanges. It has recovered to No. 31 after slipping during a broader market downturn. At the time of writing, SHIB was priced at $0.000004230 with a market value of about $2.49 billion, around $20 million behind No. 30 Tether Gold. CryptoQuant data showed 74.2 billion SHIB in net outflows over 24 hours.