Crypto

Tencent’s Hy team has released Hy3, a 295-billion-parameter Mixture-of-Experts (MoE) model that activates only 21 billion parameters per token, making it efficient for reasoning, agentic workflows, and long-context tasks.

Strategy, the corporate treasury firm led by Michael Saylor, sold 3,588 Bitcoin for $216 million to fund preferred stock dividend payments and replenish cash reserves.

US President Donald Trump admitted on Monday that he embraced cryptocurrency partly for political reasons, revealing a calculated pivot from his previous stance.

The White House has acknowledged that establishing a strategic Bitcoin reserve for the United States remains a work-in-progress, as federal agencies continue to evaluate the best structure for the fund.

Former Tether chief investment officer Richard Heathcote is seeking to sell part of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing people familiar with the matter.