Crypto Industry Pushes SEC for Clarity on Staking Rules
An industry coalition wants the U.S. securities regulator to issue clear, principles-based guidance on the status of staking.
Month: May 2025
Codd’s Cellular Automaton
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US crypto groups urge SEC for clarity on staking
Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services. The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC … Read more
Microsoft’s most capable new Phi 4 AI model rivals the performance of far larger systems
Microsoft launched several new “open” AI models on Wednesday, the most capable of which is competitive with OpenAI’s o3-mini on at least one benchmark. All of the new pemissively licensed models — Phi 4 mini reasoning, Phi 4 reasoning, and Phi 4 reasoning plus — are “reasoning” models, meaning they’re able to spend more time … Read more
North Carolina Digital Assets Bill Passes House, Moves to Senate for Debate
As Trump embraces crypto nationally, U.S. states are pushing for their own digital asset legislation politicians warms to the idea.
Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1: CoinGecko
About one in four crypto tokens launched since 2021 have failed in the first quarter of this year amid a crypto market downturn and token creation becoming easier than ever, says crypto data platform CoinGecko. Since 2021, nearly 7 million cryptocurrencies have been listed on CoinGecko’s token tracking tool GeckoTerminal, and over half, or 3.7 … Read more
Metaplanet to Establish US Subsidiary, Seeks $250M to Boost Bitcoin Strategy
Metaplanet is following Strategy’s playbook with a new Florida-based operation, after consistently buying up Bitcoin this year.
Apple exec ‘outright lied’ during Epic trial
In her ruling banning Apple from charging a commission on purchases made outside the App Store, Judge Yvonne Gonzalez Rogers says that an Apple executive “outright lied under oath.” According to Gonzalez Rogers, Alex Roman, vice president of finance at Apple, gave testimony that was “replete with misdirection and outright lies.” The judge writes that … Read more
Sam Altman’s eye-scanning project launches cryptocurrency in the US
World’s orbs have scanned millions of peoples’ eyes to verify their identity on a blockchain. Over the past few years, what sounds like an episode of Black Mirror has been unfolding in real life: millions of people around the world have agreed to let metallic orbs scan their eyes in exchange for receiving a blockchain-based … Read more
World partners with Tinder, Visa to bring its ID-verifying tech to more places
World, the biometric ID company best known for its eyeball-scanning Orb devices, on Wednesday announced several partnerships aimed at driving sign-ups and demonstrating the applications of its tech. World is partnering with Match Group, the dating app conglomerate, to verify the identities of Tinder users in Japan using World’s identity verification system. Additionally, World has … Read more
Sam Altman’s World unveils a mobile verification device
Tools for Humanity, the startup behind the World human verification project co-founded by OpenAI CEO Sam Altman, unveiled Wednesday a mobile device designed to help people determine the difference between a human and an AI agent. Rich Heley, Tools for Humanity’s Chief Device Officer and a former Apple director, debuted the Orb Mini device during … Read more
Meta forecasted it would make $1.4T in revenue from generative AI by 2035
Meta made a prediction last year its generative AI products would rake in $2 billion to $3 billion in revenue in 2025, and between $460 billion and $1.4 trillion by 2035, according to court documents unsealed Wednesday. The documents, submitted by attorneys for book authors suing Meta for what they claim is unauthorized training of … Read more
Epic Games just scored a win against Apple
Epic Games notched a win in an ongoing legal dispute with Apple. The result could be Fortnite returning to the U.S. iOS app store as early as next week. Judge Yvonne Gonzalez Rogers said in a ruling Wednesday that Apple was in “willful violation” of a 2021 injunction that prohibited the company from anticompetitive pricing. … Read more
Amazon Bedrock Model Distillation: Boost function calling accuracy while reducing cost and latency
Amazon Bedrock Model Distillation is generally available, and it addresses the fundamental challenge many organizations face when deploying generative AI: how to maintain high performance while reducing costs and latency. This technique transfers knowledge from larger, more capable foundation models (FMs) that act as teachers to smaller, more efficient models (students), creating specialized models that … Read more
Phi-4 Reasoning Models
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GroMo (YC W21) Is Hiring
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XRP traders predict new all-time highs as ETF approval odds rise to 85%
Key takeaways: XRP ETF approval odds rise to 85% following a SEC leadership change. Analysts predict XRP could rise to new all-time highs again in 2025. XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors’ growing hope for a … Read more
Stockhausen: Sounds in Space
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Pompliano Seeks $200M in SPAC IPO to Take Crypto Influence Public
Pompliano is banking on his online clout to navigate a tough SPAC market and revive digital asset dealmaking on Wall Street.
Robinhood beats Q1 estimates despite revenue, crypto trading dip
Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4. Robinhood’s Q1 results shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst estimates by 3.16%. The company’s crypto … Read more
Amazon launches Nova Premier, its most capable AI model yet
Amazon on Wednesday released what the company claims is the most capable AI model in its Nova family, Nova Premier. Nova Premier, which can process text, images, and videos (but not audio), is available in Amazon Bedrock, the company’s AI model development platform. Amazon says that Premier excels at “complex tasks” that “require deep understanding … Read more
Solana futures open interest nears all-time high — Will SOL price follow?
Key points: Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence. SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest. With rising DEX volumes and a $9.5 billion TVL, SOL could rally to $200 before a potential spot ETF … Read more