📰 BlockBeats Latest News Roundup

1. Garrett Jin flips to short after taking profit of $83.8 million on a Bitcoin long position; the short position is valued at $43.3 million

2. Xiaomi releases the MiMo-V2.6 model, calling it the strongest open-source model currently

3. The crypto market strongly rallies; total market cap returns to $3 trillion. Bitcoin breaks through $87,000, and altcoins’ total market cap surges 13.5% week over week

4. FalconX internal transfers of HYPE worth $50 million, totaling 5.3325 million tokens

5. Fed’s Moussallem: interest rates may need to rise further to curb inflation

6. U.S. stocks close: Nasdaq up 2.26% and hits a fresh high again. Chip stocks surge across the board, and AMD’s market cap first breaks $1 trillion

7. Robinhood CEO: crypto prediction contracts may surpass traditional sports betting within a few years

8. A woman in the U.S. state of California is sentenced to 18 months in prison for concealing $2.6 million in proceeds from crypto-related crimes

9. Analysis: after Bitcoin shorts get squeezed, it may test $90,000, but leverage risks are heating up

10. X sues two Bitcoin influencers: alleges they manipulated a bot network to steal $278,000 in creator revenue shares

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