Paradigm Unstakes $171 Million in HYPE, MakerDAO Founders Swap MKR for USDC

Paradigm has unstaked $171 million in HYPE, which may be transferred to institutional custody. The initial team and investors of MakerDAO have exchanged 1,050 MKR for 1.316 million USDC, planning to hold it for 10 years before selling. Brother Ma Ji sold Bored Ape 6801 to raise funds for ETH long positions, incurring a loss of 14.89 ETH after holding it for three years. Vlad Tenev has regained access to his account and is awaiting details from the X team. The market capitalization of the seven major tech stocks in the U.S. evaporated by nearly $800 billion in a single day, with Alphabet and Tesla's earnings reports raising concerns over AI spending. The top 1,000 addresses of CASHCAT hold 89.1% of the supply, valued at over $40 million. Morgan Stanley analysts have turned bearish on storage, with analyst Citrini suggesting it could be one of the factors for the KOSPI's correction. The U.S. AI standards organization stated that Kimi K3's cybersecurity capabilities lag behind leading U.S. models, with potential vulnerabilities still being exploitable. Chip stocks have been sold off, and combined with the situation in the Middle East, South Korean stocks have plummeted again. JPMorgan has raised Intel's target price to $85.

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