Crypto Regulations

a16z added U.S. consumer spending data to its AI app ranking; the top 1% spent $903 a month in August.

On October 6, the Quantus team launched trading for its native token, QTC, on the NEAR Protocol “super app” near.com. The token can be exchanged for 180 assets across more than 30 networks.

Several mathematicians criticized OpenAI for announcing AI-derived solutions in blogs and on social media instead of academic papers, saying that made verification harder and often left other researchers uncredited, WIRED reported.

French company Mistral AI has unveiled Mistral Large 4, a multimodal model with 1.05 trillion parameters and open weights. The company positions it as a competitor to leading American and Chinese neural networks, focusing on programming, cybersecurity, and corporate tasks.

The planned Drax data center in North Yorkshire, operating on biomass, could emit nearly twice as much CO2 as all flights from Gatwick Airport in 2024, according to an analysis by The Guardian citing the NRDC.

Polymarket has begun production testing of its Protocol V2 prediction markets architecture. Tests will run on a limited number of live markets from October 5 to 30.

On October 6, AMD CEO Lisa Su announced in Taipei that the company plans to significantly increase chip supply by 2027 amid an AI boom. She noted that volumes have already increased this year, Reuters reports.

OpenAI will implement machine-readable text watermarking in the EU to comply with the EU AI Act. Invisible watermarks will soon appear in some ChatGPT and Codex responses.

Bitcoin reached its all-time high over $126,000 on Binance a year ago. Now, it’s trading around $86,000, 32% below the peak.

China’s cryptocurrency market continues to grow despite bans. Chainalysis estimates its volume at a minimum of $176 billion, with 59.1% of activity attributed to P2P transactions.