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Svmuu News: The AI Standards and Innovation Center, under the U.S. Department of Commerce, in collaboration with the UK’s AI Safety Institute, conducted tests on the Kimi K3’s cyberattack capabilities and emphasized that “the U.S. remains in the lead.”
However, the validity of this assessment is disputed due to limitations in the scope of testing. Because of constraints in the hosting environment, Kimi K3 participated in only a portion of the tests; its overall cyber capabilities were estimated primarily based on 41 exploit benchmarks, whereas other models underwent more comprehensive testing, resulting in a wider margin of error for Kimi K3’s results.
In the exploit testing, Kimi K3 scored approximately 32%, higher than GLM-5.2’s 24%, but lower than the average of about 76% achieved by leading U.S. models. In simulated attack chain tests, Kimi K3 completed an average of 17 out of 32 steps in an attack chain and successfully breached the network once out of 10 attempts, while leading U.S. models completed an average of 28.5 steps.
The report notes that Kimi K3 has demonstrated a certain degree of autonomous attack capability, and its security safeguards did not prevent the model from developing vulnerabilities or executing attacks. However, the report also emphasizes that the scope of the testing was limited.

1. Whales “Set 10 Major Goals First” to Rebuild Long Positions: Bullish on BTC Challenging $100,000 by March Next Year;
2. Donald Trump: Controversy over crypto interests is dragging down the CLARITY Act, dampening prospects for passage this year;
3. Analysis: Bitcoin’s profit-driven supply share is nearing 60%, but it’s still too early to confirm a bull market;
4. Bitcoin: Treasury firms are collectively shifting course—selling BTC, repaying debt, and betting on AI; plummeting stock prices are forcing strategic adjustments;
5. Analysis: Long-term holders of Bitcoin, who have held their coins for over five years, have recently been moving BTC frequently, with daily UTXO changes exceeding 5,000 coins;
6. Bitcoin: Mining pool Poolin files for bankruptcy protection and plans to sell its Texas mining assets for $52 million;
7. Several investment banks have lowered their target prices for Alphabet, the parent company of Google, with only Barclays and Bank of Montreal bucking the trend by raising theirs;
8. Wisconsin warns that those trading election contracts may lose their eligibility to vote in the same election; Kalshi accuses the state of voter suppression;
9. South Korea has tightened trading requirements for single-stock leveraged ETFs: Starting July 31, individual investors must have 30 million won in cash;
10. A South Korean court has ordered SK Hynix Chairman Choi Tae-won to pay his ex-wife approximately $643 million as part of a divorce settlement.

Svmuu News: In the Futu Holdings and Tiger Securities U.S. stock options insider trading case, two defendants—an individual and an investment firm—had previously come forward; now, a third defendant has emerged in an effort to have his assets unfrozen.According to a statement filed with a U.S. court on July 23, the third defendant to come forward is Yang Jingyao, whose Chinese name is Yang Jingyao and who has been a resident of Hong Kong since 2020.Yang Jingyao stated, “My personal assets far exceed my personal debts,” and “I have no outstanding debts.” According to public filings with the Hong Kong Stock Exchange, the single largest shareholder of Hong Kong-listed Rongzun International—and the offeror in a previous mandatory general offer—is also named “Yang Jingyao.”
HKEXThe documents show that Yang Jingyao of Rongzun International is currently 32 years old, and his mother is a wealthy individual from mainland China.Yang Jingyao is described as a businessman and private investor who has long invested in listed securities, information technology companies, startups, and other financial assets through brokers and wholly-owned private investment companies established in Hong Kong and the British Virgin Islands.However, there is currently no public evidence indicating that the securities accounts or funds subject to the U.S. court injunction are related to the expiration of Rongzun International’s offer. (Caixin)

Svmuu News: With the sharp correction in the price of Bitcoin, publicly traded companies that had heavily stockpiled BTC are now facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some companies have begun selling Bitcoin to repay debts or are even shifting their focus to artificial intelligence (AI) data center operations.
Strategy was the first to introduce the “Digital Asset Treasury (DAT)” model, using financing and borrowing to continuously purchase Bitcoin, prompting a number of publicly traded companies to follow suit.However, as the price of BTC has retreated from the high of approximately $126,000 reached in October 2025—a cumulative decline of about 50%—the stock prices of these companies have also plummeted, forcing them to reassess their Bitcoin hoarding strategies.
This week, shareholders of the London-listed company Satsuma Technology approved the liquidation of all 668 BTC and the return of capital, while also proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay convertible debt.
Additionally, Sequans Communications has sold 1,025 BTC and will sell nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing "Bitcoin" in the future and plans to sell its remaining approximately 658 BTC.
Since its SPAC listing in May 2025, Nakamoto’s stock price has fallen by approximately 99% in total. The company recently sold about 284 BTC, raising approximately $20 million for working capital.Of the company’s remaining approximately 5,342 BTC, nearly 70% has been used as collateral for Kraken loans, leading market observers to believe it faces potential risk events.
Meanwhile, Bitcoins mining firms have also begun adjusting their strategies. Companies such as Bitdeer Technologies and MARA Holdings are selling portions of their BTC holdings to repurchase shares, repay debt, and redirect energy resources and computing power infrastructure toward AI data center operations.
Other companies selling BTC include Empery Digital and others. Data shows that Strategy has recently sold approximately 3,620 BTC and authorized further asset sales to maintain its U.S. dollar reserves.
However, Strategy remains the world’s largest publicly traded holder of Bitcoin, with a position exceeding 840,000 BTC. The company’s CEO, Michael Saylor, stated that it may sell a portion of its Bitcoin holdings in the future to pay dividends, but this does not mean the company is exiting its investment in Bitcoin.
In addition to asset adjustments, changes have also occurred in the management and capital operations of some Bitcoin treasury companies. Jack Mallers has stepped down as CEO; Adam Back’s Bitcoin Standard Treasury Company (BSTR) also failed to complete its proposed merger due to deteriorating market conditions.
Analysts believe that as financing costs rise and BTC price volatility intensifies, the “borrow to buy” treasury model is undergoing a shakeup, with some companies shifting from simply hoarding Bitcoin to AI infrastructure and business transformations that generate stronger cash flow. (CoinDesk)

Svmuu News Bitcoin The market’s overall profitability is improving, but on-chain data indicates that this is still insufficient to confirm the start of a new bull market, and the market remains at risk of another pullback.
CryptoQuant data shows that the “Supply in Profit” ratio on Bitcoin has risen to 57.5%.This metric represents the proportion of BTC supply in the current market whose price is higher than its holding cost. It has rebounded significantly from the 2026 low of 46.2% recorded on June 30 and is now approaching 60%.However, the recovery of the “Supply in Profit” ratio still requires further validation. Historical cycles show that the true end of a bear market typically requires two conditions to be met simultaneously:
First, the 30-day simple moving average of the Long-Term Holder Profit-to-Loss Ratio (LTH-SOPR) must remain consistently above 1 and not fall below that level for several weeks;
Second, the Bitcoin must remain consistently above 64%.
Analysts note that this cycle has already seen one “false breakout.” Between April 28 and June 1 of this year, the average LTH-SOPR remained above 1 for 35 consecutive days, while the proportion of profitable supply rose to 67% at one point, but the market subsequently retreated again.Currently, the 30-day SMA for long-term holders has remained below 1 for more than 50 consecutive days, which remains a key risk indicator for assessing the strength of the market’s recovery.
Although the proportion of profitable BTC supply is improving, the market needs further confirmation of changes in long-term holder behavior and profit structure before it can determine whether the current rebound truly marks the start of a new uptrend. (Cointelegraph)