Daily Report | OpenAI releases the latest flagship model GPT-4o; Tornado Cash developer Alexey Pertsev sentenced to 64 months in prison; OKX launches spot and derivatives cryptocurrency trading platform in Australia
May 14 News OverviewOrganizer: Fairy, ChainCatcher
Important News:
- OpenAI releases the latest flagship model GPT-4o, capable of real-time reasoning for audio, visual, and text
- The U.S. bans Chinese-controlled cryptocurrency mining companies from holding land near nuclear missile bases
- OKX has officially launched a spot and derivatives cryptocurrency trading platform in Australia
- Analysis: The release of U.S. CPI data will not lead to a significant increase in Bitcoin volatility
- Data: In the past two weeks, Runes' fees, user activity, and other metrics have all dropped by over 50%
- Tornado Cash developer Alexey Pertsev sentenced to 64 months in prison for money laundering
"What important events occurred in the past 24 hours"
OpenAI releases the latest flagship model GPT-4o, capable of real-time reasoning for audio, visual, and text
OpenAI has launched a faster and cheaper AI model for all users, releasing the latest flagship model GPT-4o, which can reason in real-time for audio, visual, and text. The "o" in GPT4o stands for Omni, representing a step towards more natural human-computer interaction—it accepts any combination of text, audio, and images as input and supports generating any combination of text, audio, and image output. It can respond to audio input in 232 milliseconds on average, with a response time of 320 milliseconds, similar to human reaction times in conversations. In terms of performance, it is comparable to GPT-4 Turbo for English and code, with significant improvements in non-English language text, while the API is faster and 50% cheaper.
Data: Yesterday, 9 U.S. Bitcoin ETFs collectively reduced their holdings by 866 BTC, approximately $54.85 million
According to monitoring by Lookonchain, yesterday (May 13), 9 ETFs collectively reduced their holdings by 866 BTC (approximately $54.85 million), including: Grayscale's GBTC reduced by 706 BTC (approximately $44.74 million), currently holding 291,084 BTC (approximately $18.45 billion). BlackRock's IBIT increased its holdings by 205 BTC (approximately $13 million), currently holding 274,755 BTC (approximately $17.41 billion).
The U.S. bans Chinese-controlled cryptocurrency mining companies from holding land near nuclear missile bases
According to The Block, U.S. President Biden has ordered a ban on a Chinese-controlled cryptocurrency mining company, MineOne Partners Limited, from owning land near a nuclear missile base in Wyoming and has required it to divest related assets. The U.S. Treasury stated that MineOne acquired a property just one mile from Francis E. Warren Air Force Base in June 2022 and modified it to accommodate cryptocurrency mining operations. The Committee on Foreign Investment in the United States (CFIUS) determined that the transaction posed national security risks, including potential surveillance issues.
Tornado Cash developer Alexey Pertsev sentenced to 64 months in prison for money laundering
A Dutch judge ruled in the court of Schiedam that Tornado Cash developer Alexey Pertsev was guilty of money laundering and sentenced him to 64 months in prison. The trial's outcome may determine the future trials of other Tornado Cash developers. Other Tornado Cash developers, such as Roman Storm and Roman Semenov, are also facing money laundering and sanctions violation charges in the U.S.
Fully Homomorphic Encryption chip provider Niobium completes $5.5 million seed round funding, led by Fusion Fund
Fully Homomorphic Encryption chip provider Niobium announced the completion of a $5.5 million seed round funding, led by Fusion Fund, with participation from Morgan Creek Capital, Rev1 Ventures, Ohio Innovation Fund, and Hale Capital. Niobium is reportedly building fully homomorphic encryption (FHE) accelerator chips and commercializing them. The new funds will be used to explore FHE's commercial applications in healthcare, finance, blockchain, and other industries, with plans to showcase the solution and launch pilot projects in the fourth quarter of this year.
OKX has officially launched a spot and derivatives cryptocurrency trading platform in Australia
According to The Block, OKX has officially launched a spot and derivatives cryptocurrency trading platform in Australia, offering spot trading services to all Australian users, while derivatives trading will only be available to verified professional clients. Australian users can also deposit and withdraw Australian dollars through most Australian banks to access a total of 85 cryptocurrency tokens or 170 cryptocurrency spot pairs.
Fantom-based DEX Equalizer suspected of being hacked, do not interact
The decentralized trading protocol Equalizer, based on Fantom, is suspected of being hacked, and users are advised not to interact with equalizer.exchange. Additionally, community member Biro disclosed a scam contract address of 0x9669295cd350Fd28e3745b3163ed394133269DC3, claiming that all tokens were stolen.
Data: 6 Hong Kong virtual asset ETFs had a total trading volume of approximately HKD 17.29 million today
The first six Bitcoin and Ethereum spot ETFs launched in Hong Kong had a total trading volume of approximately HKD 17.29 million today. Among them: Huaxia Bitcoin ETF (3042.HK): HKD 11.3 million; Huaxia Ethereum ETF (3046.HK): HKD 2 million; Harvest Bitcoin Spot ETF (3439.HK): HKD 1.89 million; Harvest Ethereum Spot ETF (3179.HK): HKD 598,000; Bosera HashKey Bitcoin ETF (3008.HK): HKD 795,000; Bosera HashKey Ethereum ETF (3009.HK): HKD 706,000.
Data: Binance transfers over $2.7 billion BNB to BNB Chain: Stake Hub
According to Scopescan monitoring, Binance has transferred over $2.7 billion worth of BNB to BNB Chain: Stake Hub in the past few minutes.
Data: In the past two weeks, Runes' fees, user activity, and other metrics have all dropped by over 50%
According to CoinDesk, in the past two weeks, all metrics of Runes, including fees, new runes, and user activity, have dropped by over 50%. Since May 1, only about 5,000 new Runes have been issued, generating fees of less than $100,000.
Analysis: The release of U.S. CPI data will not lead to a significant increase in Bitcoin volatility
Tomorrow's U.S. inflation report will be in the spotlight, with investors looking for signals regarding the Federal Reserve's interest rate path. A recent series of unexpected events has weakened rate cut expectations. However, the pricing of Bitcoin options indicates that traders do not expect significant volatility after the report is released. Institutional liquidity provider OrBit Markets stated, "The market's pricing premium for this event is almost negligible," noting that the price volatility of Bitcoin after the CPI report is likely to be less than 2%, with almost no additional volatility, while the S&P 500 index options pricing reflects relatively high volatility.
LayerZero CEO: Up to 100,000 addresses acknowledged as witches
LayerZero CEO Bryan Pellegrino stated on social media that up to 100,000 addresses have acknowledged as witches.
"What are the noteworthy articles to read in the past 24 hours"
Revealing the largest conference in Bitcoin community history, what was discussed in Hong Kong?
Last April, also in Hong Kong, the Bitcoin Ordinals community held its first gathering. Prior random interviews conducted by reporters at the main event Web3 Festival showed that only a few attendees were familiar with the Ordinals protocol or Bitcoin NFTs.
In just one year, many significant events have occurred in Bitcoin, including the rise of the Ordinals protocol, the approval of Bitcoin spot ETFs, the vibrant Bitcoin ecosystem, and Bitcoin's fourth halving… The atmosphere has changed dramatically compared to last year, with this year's Bitcoin ecosystem gathering being noticeably more lively. During these four days, BlockBeats reporters continuously attended the event, sharing their personal experiences and observations in the article.
The other side of the Solana Meme collective frenzy: most will experience a crazy 70% pullback, liquidity bottlenecks have become the norm
A few days ago, @cryptowhail posed an existential question to me at five in the morning: "Are we currently in an active period for the SOL market?" This question prompted me to reflect on how memes on the SOL chain have performed since last year's fourth quarter.
We looked at the data. This data comes from the past few months, published by @CryptoKoryo through the dune dashboard. It was a manual process of selecting memes and finding data, but I believe we did quite well.
Bitcoin market outlook: What do the optimists, neutrals, and pessimists say?
Since Bitcoin completed its fourth halving on April 20, the price has entered a consolidation phase again, dropping to around $56,500 on May 1 and currently hovering around $62,800.
The halving event and the anticipated "Rune boom" have not brought new growth points for Bitcoin's price trend. Regarding the future rise and fall of Bitcoin, market opinions have recently diverged again. Based on the previously published article "BTC completes its fourth halving in history, how do various institutions predict the future market?" this article will briefly summarize the viewpoints on Bitcoin's price trend for readers' reference.
