OpenAI introduces GPT-4o model, promising real-time conversation

OpenAI announced a new model, GPT-4o, which will soon allow real-time conversation with an AI assistant. In a May 13 demo, OpenAI members showed that the model can provide breathing feedback, tell... Read more »

Tether CEO Paolo Ardoino defends USDt compliance record in wake of Ripple CEO’s comments

Paolo Ardoino, CEO of Tether, has responded to Ripple CEO Brad Garlinghouse‘s claims that the US government was targeting the company, the issuer of the largest stablecoin USDt. During the weekend, reports... Read more »

Ethereum transaction fees hit record low as Layer-2 networks siphon activity

The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to... Read more »

JP Morgan, Wells Fargo latest major banks to disclose Bitcoin exposure via ETFs

JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their... Read more »

Even if this weekend’s solar storm destroyed civilization, Bitcoin would survive

The sun can produce massive flares of particles and radiation that can have a significant impact on Earth. Scientists have studied these flares for 150 years, focusing on what’s considered the largest... Read more »

US Congress to potentially vote on new legislation for crypto industry by end of May

House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end... Read more »

Ark Invest, 21Shares drop staking from spot Ethereum ETF proposal

Ark Invest and 21 Shares dropped staking plans in their updated spot Ethereum ETF proposal on May 10. The firms’ previous Feb. 7 filing added a clause detailing that the sponsor —... Read more »

Kraken spotlights SEC inability to identify ‘investments contract’ in digital assets

Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities, pointing out that the financial regulator’s arguments attempt to restructure the US financial system beyond its regulatory... Read more »

Marathon reports record $337.2 million net income in Q1 2024

Marathon Digital Holdings reported a record net income of $337.2 million in 2024’s first quarter. The firm’s quarterly net income, published in its May 9 earnings report, represents 184% year-over-year growth from... Read more »

Binance accused of firing whistleblower for internal market manipulation report

The Wall Street Journal published an exclusive report on May 9 alleging that Binance, the world’s largest crypto exchange, fired the head of its market surveillance team after he raised concerns about... Read more »