The Merkle
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China's Kimi K3 Challenges OpenAI and Anthropic With Five Major Benchmark Wins
Kimi K3, a massive 2.8-trillion-parameter open-weight model from Moonshot AI, breaks the pattern of unsubstantiated hype by delivering genuine, frontier-level reasoning. Backed by impressive third-party benchmark data, this release marks the first time a Chinese model is actively forcing the industry to re-evaluate where the global AI frontier actually sits.…
The $SPCX Float Trap: Why the World's Most Valuable Rocket Stock is Trading Like a Highly Volatile Meme Stock
SpaceX is one of the most valuable companies on the planet, and yet its stock is swinging around like a small-cap meme name.Once you understand the mechanics of SpaceX stock float, the wild price action stops looking like a mystery and starts looking like simple math.$SPCX has now fallen below its $135 IPO price, down 41.5% from its all-time high, a move tha…
Velocity Ticket Debuts As The AI-Powered Invoicing Tool Every Service Business Needs in 2026
Velocity Ticket is trying to fix a major gap in businesses, and the approach it takes is genuinely different from anything else in the invoicing software space right now. Invoicing is one of those tasks that every service business has to deal with but nobody actually enjoys. Writing up quotes, formatting receipts, calculating line items, getting the branding…
Axelar Confirms $4.67M Exploit on Secret Network Bridge, Core Protocol Remains Unaffected
Axelar is moving fast to contain damage after identifying a security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit targeted assets bridged via the Inter-Blockchain Communication protocol from the Axelar chain to Secret Network, and the cross-chain infrastructure provider has already taken emergency action…
Sui Synthetic Dollar suiUSDe Gets Its Own Website
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out of a partnership between Ethena and Sui Group Holdings, the NASDAQ-listed firm trading as SUIG, and it's already plugged into DeFi protocols across Sui. Up to now, anyone wanting details had to dig through scattered posts and docs. Now there's one place for it. It's a…
Ventuals Winds Down HIP-3 DEX, vHYPE Withdrawals Now Live For All Holders
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The platform processed its entire withdrawal queue, roughly 380,775 HYPE, at approximately 10am ET today. Anyone who already had a withdrawal queued before today got swept into this same batch automatically. For holders, the math is straightforward. Withdrawals become claimable…