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Crypto

Vast Ethereum short faces liquidation risk despite Vitalik Buterin pledge to cut sales

An Ethereum short position worth more than $100 million is at risk of liquidation as the token rebounds, with the liquidation price near $2,150. Data showed the wallet held about 47,600 ETH in a roughly 23-times cross-margin short. The move comes as Ethereum co-founder Vitalik Buterin said the Ethereum Foundation would reduce its ether sales. Institutional sentiment has weakened, with ETF outflows and some large holders cutting exposure.

Finance

MoonPay launches crypto buying feature in ChatGPT

Crypto payments and trading infrastructure firm MoonPay has been officially launched in the ChatGPT app menu, allowing users to buy cryptocurrencies including bitcoin, ether, solana and USDC directly within ChatGPT. Users can search for MoonPay in the app menu, connect an account and proceed with purchases across more than 100 cryptocurrencies and over 30 blockchains. Payment methods include credit cards, Apple Pay, Google Pay and bank transfers.

AI & Enterprise

NHN Cloud launches FactoryX AI full-stack brand, targets 50 percent AI revenue by 2027

NHN Cloud has launched FactoryX, an AI full-stack brand spanning infrastructure, platform and services, and set a goal of raising AI to 50 percent of total revenue by 2027. The company outlined a three-layer offering from GPU infrastructure to agent execution, citing market growth forecasts. It highlighted its FactoryX Seoul data centre, liquid cooling and a GPU management platform, and said it expects to turn profitable on an annual basis by year-end.