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Crypto

Why a Web3 founder is watching Cardano

Cardano (ADA) is drawing renewed attention as a long-term altcoin to watch, supported by a shift toward community-led governance, a scalability roadmap and efforts to expand its DeFi ecosystem. Web3 founder Lucky, a bitcoin supporter since 2015, cited Cardano among altcoins he is monitoring and said he is focused on development that could shape long-term competitiveness. Cardano is pursuing Layer 1 and Layer 2 upgrades and broader DeFi and application use cases.

AI & Enterprise

DeepSeek taps first CFO ahead of IPO to step up low-cost AI push

DeepSeek is moving to appoint its first chief financial officer ahead of an initial public offering, as it accelerates fundraising and listing preparations. It is considering Yen Wen-tao of GL Ventures, part of Hillhouse Investment, for the role. DeepSeek has widened market share with low-cost, high-performance models but needs significant funding for chips, computing infrastructure and talent. It has selected underwriters including CITIC Securities and is said to be targeting Shanghai’s STAR Market, alongside pre-IPO fundraising.

Crypto

Wintermute says bitcoin bull market still in early stage; watch $82,000 and $72,000

Some investors who think they missed the entry point after bitcoin’s sharp rise may instead miss the early phase of a new bull cycle, U.Today reported. Market maker Wintermute said the current move is a pause before the next leg higher, citing stock-market fatigue and a rotation of funds into bitcoin and ether. It flagged $82,000 and $72,000 as key levels and said the U.S. CPI on Sept. 11 is a major variable.