ChainCatcher news, according to CNBC, Reddit has announced the launch of the AI-driven "Reddit Answers" feature, allowing users to search for content on the platform and receive answers based on user posts. Unlike other AI chat tools, the responses from Reddit Answers come from internal posts on the platform, rather than content from the internet.Currently, the feature is being tested on a small scale in the United States, supporting iOS and desktop users, with plans to expand to Android users and other language versions in the future.Reddit stated that Reddit Answers will serve as a bridge for users to explore Reddit content, rather than solely relying on AI-generated summary content.

ChainCatcher news, according to Decrypt, based on documents submitted to the U.S. Securities and Exchange Commission (SEC) by the social media site Reddit, Reddit sold off most of its cryptocurrency portfolio in the third quarter, liquidating Bitcoin and Ethereum "for financial reserves."When the social media company filed for its initial public offering (IPO) in February, it held a "negligible" amount of cryptocurrency on its balance sheet, using idle funds to purchase digital assets. On Tuesday, Reddit used the same wording to describe the proceeds from the recent sale. "We sold off most of our cryptocurrency portfolio, primarily consisting of Bitcoin and Ethereum," Reddit stated. "The net carrying value of the cryptocurrency we held and the proceeds from the sale are both insignificant."While the amount of cryptocurrency sold is unclear, the timing of the sale corresponds to the third quarter ending September 30. When asked about the dollar value of its cryptocurrency portfolio or the definition of "negligible" amounts, Reddit did not immediately respond to Decrypt's request for comment.

ChainCatcher news, the decentralized AI data liquidity network Vana has announced the completion of a $5 million strategic financing round, led by Coinbase Ventures. With this, Vana's total funding has reached $25 million.Vana aims to build a user-owned data pool network that addresses the issue of insufficient training data for AI models through blockchain technology, while also providing internet users with a way to earn income. Vana plans to establish a decentralized autonomous organization (DAO) network that allows members to aggregate data accumulated from social media platforms like Reddit, LinkedIn, or X, and sell these datasets to AI researchers.Previously, Vana raised $18 million in Series A funding led by Paradigm.

ChainCatcher news, in a post on September 15, a Reddit user with the username "SentuBill" claimed that the ChatGPT large language model (LLM) initiated a conversation by asking him how his first day of school went.According to the conversation provided by the user, ChatGPT was able to infer that it was the user's first day of school from previous interactions with the program. The large language model also indicated that these capabilities are part of a new upgrade. The official conversation logs from ChatGPT confirmed that the content shared by the user was accurate.On September 13, 2024, OpenAI released a preview upgrade of the highly anticipated smarter model to select users. OpenAI stated that these new models will possess reasoning abilities and grant ChatGPT a seemingly magical "think before answering" capability. The response time of the new model will be between 10-20 seconds, and it will be able to search the internet and conduct in-depth research independently.

ChainCatcher message, @RequiemSolana pointed out on social media that the JUP holders of the Jupiter platform voted in May this year to approve a "Reddit Working Group" proposal, which is dedicated to empowering the Jupiter community and conducting public relations operations for the platform on Reddit. The budget was $68,000 per quarter (equivalent to $272,000 per year). However, four months later, the subreddit operated by the working group has only 6 active users, including the administrators, with an average of 1 comment. This represents a customer acquisition cost of $11,000 per user, with extremely low engagement.Jupiter founder Meow later replied that the working group has actually ceased operations and has refunded $45,000 of unused funds to the DAO (which will be officially announced soon). The working group did actually make many interesting and meaningful attempts.

ChainCatcher news, according to OpenSea data, the reddit.eth domain was sold for 20 WETH (approximately $67,527).

ChainCatcher message, a screenshot on Reddit shows that well-known investor Roaring Kitty disclosed that the total value of his holdings in GEM stocks and options positions has reached approximately $586 million.

ChainCatcher news, according to Reuters, the Massachusetts securities regulator is investigating the trading activities of GameStop (GME.N) and the trading activities of well-known investor Keith Gill. A spokesperson for the state's top securities regulator, Bill Galvin, confirmed that Gill's activities are under investigation but declined to comment further.Regulatory investigations do not typically indicate wrongdoing and do not lead to enforcement actions. Galvin previously investigated Gill's activities in 2021 but closed the case after reaching a settlement with Gill's former employer, MassMutual, over supervisory issues. Screenshots of trading on Reddit related to GameStop sparked a "meme stock" craze, but the U.S. Securities and Exchange Commission (SEC) found no evidence that short sellers were driving the frenzy after investigating and concluded that the market system was functioning well.Previous news, according to Caixin, the SEC is reviewing certain trades of GameStop call options, and the SEC is examining trades before and after Keith Gill's social media posts.

ChainCatcher news, at 4 AM today, Roaring Kitty once again posted a position screenshot in the Superstonk section of Reddit, showing that his GME call options have turned profitable, with a profit of 51.83 million dollars, while these call options were showing a loss of 2.46 million dollars yesterday.In addition, his GME stock position profit has increased from 9.23 million dollars yesterday to 33.62 million dollars, with a current total floating profit of 85.46 million dollars.

ChainCatcher news, the Reddit platform shows that Roaring Kitty (Reddit ID: DeepFuckingValue) has posted on Reddit again after three years. The images displayed in the post show that he holds $65 million worth of Gamestop call options, with a strike price of $21 and an expiration date of June 21.According to Coingecko market data, the Meme coin GME on the Solana chain is currently priced at 0.01218 USDT, with a 24H increase of 233%.

ChainCatcher news, Reddit and OpenAI have announced a partnership to benefit the Reddit and OpenAI user communities in various ways:OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and interact with Reddit communities. To this end, OpenAI will access Reddit's data API, which provides real-time, structured, and unique content from Reddit. This will enable OpenAI's AI tools to better understand and present Reddit content, especially recent topics.This collaboration will also allow Reddit to bring new AI features to Reddit users and moderators. Reddit will build on OpenAI's AI model platform to turn its powerful vision into reality. OpenAI will also become a Reddit advertising partner.

ChainCatcher news, according to CNBC, Reddit has filed for an IPO to issue 22 million shares, raising up to $748 million, with an expected price range of $31 to $34 per share, and the stock ticker will be RDDT.In addition, Reddit has reserved approximately 1.76 million shares for users who created accounts before January 1, with no lock-up period.

ChainCatcher news, Vitalik Buterin quoted "Description of the Directed Stock Plan in Reddit's IPO (for U.S. citizens only)" on Warpcast, stating: "I strongly support Reddit's attempt at contributor ownership. I know this is entirely the fault of regulation, not Reddit itself, but it makes me sad. This is why we use cryptocurrency: it is a global economy."Previously, Reddit submitted an IPO application to the NYSE and stated that it would invest part of its excess cash reserves in Bitcoin and Ethereum, and may continue such investments in the future.

ChainCatcher news, social media platform Reddit has submitted an IPO application to the NYSE, with Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Bank of America serving as lead underwriters, and institutions such as Citigroup and Deutsche Bank also participating in the underwriting.According to the submitted documents, Reddit will invest part of its excess cash reserves in Bitcoin and Ethereum. In addition, Reddit also holds Ethereum and MATIC as payment methods for selling certain virtual goods, and may continue to do so in the future.

ChainCatcher news, according to Cointelegraph, KuCoin stated that it is communicating with users to resolve the issue of related users on Reddit being unable to withdraw funds from the exchange.It is reported that on February 21, several Reddit users indicated that they were unable to withdraw funds from KuCoin.

ChainCatcher news, according to The Wall Street Journal, social media company Reddit plans to reserve a portion of its IPO shares for its 75,000 most active users when it goes public next month, a move that is unusual in the stock market.According to sources, the company plans to set aside a certain number of shares for these so-called "redditors," although the exact number has not yet been determined.

ChainCatcher news, according to Reuters citing sources, the social media platform Reddit has signed a contract allowing an artificial intelligence (AI) company to train its models on content from its platform, worth $60 million annually.