$100 Million In Crypto Short Positions for Crypto Have Been Liquidated

Tether introduced the QVAC SDK, an open-source software development kit for running AI applications directly on devices without cloud servers. The toolkit, based on QVAC Fabric, offers text generation, vision, and translation capabilities, with plans for decentralized model distribution in future updates.

Bithumb seeks provisional seizure orders to retrieve 7 BTC, valued at $496,000, mistakenly distributed in a trading error. Recipients resisting return argue against obligation, prompting legal action for recovery through formal channels.

Nunchuk has released open-source tools allowing AI agents to interact with Bitcoin wallets without controlling funds. The tools aim to support financial tasks while ensuring agents do not control users’ Bitcoin keys, providing a secure solution for developers.

Sky plans to enhance its credit rating by repackaging products, reducing risky exposure, and introducing a new capital vault. The DeFi lender received a B- rating from S&P Global Ratings in August, aiming to attract institutional investors.

Four teenage males, with police records, were arrested for a string of bogus over-the-counter crypto sale deals that ended in robbery and assault. The suspects, aged 17 and 18, admitted to planning the scheme after meeting in a juvenile detention center.

Binance has introduced a prediction markets feature in its Binance Wallet, allowing users to trade on real-world event outcomes within the app. The platform, Predict.fun, operates on BNB Chain and offers users the opportunity to earn yield while holding positions open.

Joe Schiarizzi, an Ethereum developer, announced his campaign to run for Democratic House candidate in Virginia's 7th congressional district. He aims to bring a fresh perspective to Washington, advocating for crypto regulation that benefits smaller projects and everyday users.

A $145.24 million long position on Fartcoin led to a 50% crash, costing the entity behind the wallets approximately $3 million. The liquidation on Hyperliquid triggered auto-deleveraging to prevent bad debt accumulation.

Fartcoin and Enjin Coin experienced significant price fluctuations, with Fartcoin dropping 28% after a sudden surge and liquidating millions in positions. Altcoins like Algorand, Bittensor, and World Liberty Financial are down 5-9% in the past 24 hours, reflecting a narrative-driven capital rotation.

Ben Delo, BitMEX co-founder, donated £4 million to Nigel Farage’s Reform UK party, aiming to support an alternative government option. Delo, based in Hong Kong, criticized the UK political system in a Daily Telegraph op-ed.