Moonshot AI has introduced Kimi K3, its latest flagship large language model, with 2.8 trillion parameters, a Mixture of Experts design, a native 1 million-token context window and built-in multimodal support across text, images and video. The company’s official X account said full model weights will be released on July 27, alongside four product endpoints: Kimi.com, Kimi Work, Kimi Code and the Kimi API platform. The article says Kimi K3 is among the world’s largest frontier models with open weights. It also outlines two named architectural changes, Kimi Delta Attention and Attention Residuals, which Moonshot says improve long-context decoding speed and training efficiency. The model uses 896 experts, activates 16 per inference step, and stores weights in MXFP4 format, putting total storage needs at roughly 1.4 TB. Beyond the model release, the report revisits Moonshot AI’s corporate backdrop. Bloomberg previously reported that the company’s annual recurring revenue had exceeded $200 million as of April 2026. Moonshot is now seeking to raise $2 billion at a $30 billion valuation and is restructuring for a Hong Kong IPO, according to the article. Benchmark data cited from ChainCatcher and Artificial Analysis places Kimi K3 ahead in coding and agent-style tasks, while still trailing Claude Fable 5 and GPT-5.6 Sol in general-purpose user experience.

Hong Kong’s monetary authority has warned that fake tokens using HSBC and HKDAP branding are circulating, even though no regulated stablecoins have been issued in the city yet.

Hong Kong’s monetary authority said fake tokens using names like HSBC and HKDAP are circulating, even though no regulated stablecoins have yet been issued in the city.

Hong Kong’s central bank warned that tokens using names such as HSBC and HKDAP are unauthorized. HSBC and Anchorpoint said they have not issued any regulated stablecoins, and official launches have not yet begun.

Hong Kong Monetary Authority warns fake stablecoin tokens using names of licensed issuers (HSBC, Anchorpoint) are circulating. No regulated stablecoins have been issued yet. HSBC plans HKD stablecoin launch in H2 2026 via PayMe and HSBC HK App.

Kadena ceases all business activities due to market challenges, but its PoW blockchain and KDA token remain operational under community and miner control, with 566 million KDA rewards extending through 2139.

Kadena, the PoW smart contract blockchain company, is ceasing operations due to market conditions. However, the Kadena network and KDA token will continue to run under community and miner control.

Fable 5 has taken the top spot in the latest KernelBench-Mega benchmark by delivering an 18.71x speedup on RTX PRO 6000 using a fully hand-written CUDA kernel. The reported result places it well ahead of Claude Opus 4.8 at 14.4x, GPT-5.5 at 4.34x, and Sonnet 5 at 4.0x. The tested workload was 02_kimi_linear_decode, a Kimi-Linear W4A16 mixed decoding task with 4-bit weights and bf16 activations, under a strict setup that allowed only one autonomous session and a three-hour wall-clock limit. What makes the result stand out is not only the score but the implementation: according to the report, Fable 5 is the first model in KernelBench-Mega to produce a true end-to-end megakernel, compressing the inference path into a single GPU kernel launch per decoded token. Anthropic co-founder Jack Clark said the development could mark the beginning of a recursive self-improvement loop, arguing that once models can optimize the low-level systems used to train and run future models, the feedback cycle may accelerate substantially.