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Crypto

Early Ethereum whale buys back 8,492 ETH at $2,794 after selling at $2,010

An early wallet that joined Ethereum\'s 2015 ICO bought back 8,492.8 ether using about $23.7 million in stablecoins after selling in March at about $2,010 per coin. The repurchase, executed via Cow Swap in four trades over about eight minutes, used DAI, USDS, USDC and USDT. The wallet also repaid roughly 809 wrapped-ether debt on Aave and withdrew about 8,876 ETH collateral, lifting total holdings to about 16,773 ETH.

AI & Enterprise

China AI startup Naive AI bets on mid and post-training to compete in LLMs

Chinese AI model startup Naive AI, founded in February by a Tsinghua University professor, has been valued at more than $1.4 billion and raised $400 million from Tencent and others in three funding rounds, The Information reported. Based in Beijing, it plans to release its first large language model this month as an open-weight model. The company is led by professor Dai Zhipeng and is focusing on improving model performance through mid-training and post-training techniques.

Crypto

Standard Chartered sets SKY token target at $0.325, sees fivefold rise by end-2028

Standard Chartered forecast Sky’s governance token SKY could rise about fivefold to $0.325 by the end of 2028. The bank’s research note set a base price of $0.065 and provided annual targets through 2028, citing expansion of the Sky ecosystem and growth in USDS issuance. It also highlighted agent-based borrowing, stablecoin supply trends and value transfer to holders via staking rewards and buybacks, while noting risks if growth slows.