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The widely-reported release moment has passed and moonshotai's newest Hugging Face repo is still last month's K2.7-Code. Includes my four API measurements across seven hours — but the point is not that it is late. The release is caught between three clocks: Moonshot's engineering schedule, Beijing's draft export controls on weights (already-downloaded weights are unaffected), and Washington's distillation accusation. An open-weight release date is no longer set by training progress.