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BTC $78,362.89 -2.74%
ETH $2,191.16 -2.88%
BNB $661.30 -3.49%
XRP $1.41 -3.83%
SOL $87.38 -4.00%
TRX $0.3516 -0.13%
DOGE $0.1101 -4.18%
ADA $0.2553 -4.58%
BCH $420.74 -2.41%
LINK $9.80 -5.00%
HYPE $41.51 -8.70%
AAVE $89.27 -7.44%
SUI $1.06 -6.76%
XLM $0.1519 -4.50%
ZEC $493.15 -7.99%

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Analysis: Bhutan denies selling Bitcoin, on-chain data points to approximately $1 billion in suspected BTC outflows causing controversy

According to CoinDesk, on-chain analysis firm Arkham Data shows that over the past year, wallets associated with Bhutan have seen outflows of approximately $1 billion in Bitcoin, with funds flowing to multiple trading platforms and trading institutions, reducing their holdings from about 13,000 BTC to around 3,100 BTC.Arkham speculates that there may be ongoing selling behavior, and if the trend continues, the relevant addresses may be cleared of holdings before October 2026. However, Bhutan's sovereign fund Druk Holding and Investments (DHI) stated that "they do not recall any recent Bitcoin sales," did not respond to specific changes in on-chain addresses, and did not confirm the current holding size, only emphasizing that there are no additional comments.The report points out that some of the fund inflow paths are related to institutions such as Galaxy Digital and OKX, leading the market to interpret this as selling or over-the-counter trading behavior, but there are also possibilities of transfers into custody, collateralization, or structured trading that do not involve selling. Additionally, some trading institution personnel stated that there has been no clear selling recently.Furthermore, Bhutan's previous commitment to a reserve of 10,000 BTC for the "Gelephu Mindfulness City" project has also been questioned due to potential sell-offs. Currently, there is still significant disagreement regarding its actual holdings and mining operations.

Kuaishou plans to spin off Keling AI and raise $2 billion at a valuation of $20 billion, with Tencent participating in the negotiations

According to an exclusive report by LatePost, Kuaishou plans to spin off its video generation large model business "Keling AI" and initiate a $2 billion financing round with an estimated valuation of about $20 billion. They are currently in talks with investors such as Tencent, and the deal has not yet been completed. Based on the current market value, Keling's valuation is already close to 70% of Kuaishou's overall market value.The report states that Keling's current annual recurring revenue (ARR) has reached $500 million, doubling since before the Spring Festival, significantly exceeding Kuaishou's previous expectations. At the beginning of 2025, Kuaishou set an annual revenue target of $60 million for Keling, but the final annual revenue reached $150 million. In the face of increased competition from giants like ByteDance and Alibaba in the video generation field, Kuaishou has established an independent option pool and special incentive mechanisms for Keling.It is reported that if the future IPO valuation reaches $40 billion, team incentives will be further enhanced. Currently, Keling has become one of the fastest-growing products in the global video generation field. By early 2026, it ranked first in the iOS drawing and design charts in nearly 40 countries and regions, including Brazil, Russia, and Singapore, and became one of the highest-grossing graphic design applications in South Korea and Russia.
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