BTC $83,901.09 +0.97%
ETH $2,695.41 +1.72%
BNB $762.41 +0.01%
XRP $1.50 +1.38%
SOL $119.08 +0.28%
TRX $0.3346 +0.32%
DOGE $0.0944 +1.40%
ADA $0.2474 +0.65%
BCH $309.26 +0.33%
LINK $14.97 +8.33%
HYPE $87.86 -0.85%
AAVE $155.21 +3.91%
SUI $1.12 -5.72%
XLM $0.2265 +8.36%
ZEC $1,402.87 -9.49%
AAPL $337.54 -0.88%
AMZN $246.20 -1.16%
GOOGL $342.59 +0.27%
MSFT $507.30 -1.65%
META $715.91 -2.19%
NVDA $229.54 +2.67%
TSLA $357.76 -3.20%
SNDK $1,722.89 +0.03%
INTC $115.67 -2.63%
SPCX $146.38 -1.79%
MU $1,067.00 +0.79%
AMD $609.11 -0.55%
BTC $83,901.09 +0.97%
ETH $2,695.41 +1.72%
BNB $762.41 +0.01%
XRP $1.50 +1.38%
SOL $119.08 +0.28%
TRX $0.3346 +0.32%
DOGE $0.0944 +1.40%
ADA $0.2474 +0.65%
BCH $309.26 +0.33%
LINK $14.97 +8.33%
HYPE $87.86 -0.85%
AAVE $155.21 +3.91%
SUI $1.12 -5.72%
XLM $0.2265 +8.36%
ZEC $1,402.87 -9.49%
AAPL $337.54 -0.88%
AMZN $246.20 -1.16%
GOOGL $342.59 +0.27%
MSFT $507.30 -1.65%
META $715.91 -2.19%
NVDA $229.54 +2.67%
TSLA $357.76 -3.20%
SNDK $1,722.89 +0.03%
INTC $115.67 -2.63%
SPCX $146.38 -1.79%
MU $1,067.00 +0.79%
AMD $609.11 -0.55%

son

All
Article
Flash

Benson Sun: This round of Bitcoin may show a slow bull trend, gradually reaching new highs

Cryptocurrency KOL and former FTX community partner Benson Sun stated that he expects the current Bitcoin market to show a gradual new high slow bull trend, rather than forming a clear top after a rapid short-term rise like in 2013 and 2017. Before the true cycle top arrives, the market may experience multiple local top signals. He believes that after 2021, the main buyers of BTC have gradually shifted from retail investors to institutions such as publicly listed companies, spot ETFs, and corporate treasuries.Since institutions mainly buy spot, some funds will also use Delta Neutral strategies for arbitrage, and traditional indicators such as funding rates and MVRV Z-Score may not rise to extreme levels again at the cycle top. Recently, the cycle top is more likely to manifest as institutional funds losing momentum rather than retail sentiment becoming overly heated. The Institutional Liquidity Index (ILI) mainly references overall dollar liquidity, the mNAV of Strategy, and the net flow of Bitcoin ETFs to determine whether institutional funds follow up when BTC reaches new highs. When BTC sets a new rolling 30-day high while ILI does not rise simultaneously, it constitutes a yellow divergence; when BTC breaks historical highs while ILI diverges and is below 50, it constitutes a red divergence.Benson Sun indicated that he would use the frequency of yellow divergences as a reference for judging the cycle process: each occurrence would lead to a proper reduction in altcoin positions and leverage; as the market enters the later stages, he would gradually increase the proportion of BTC and ultimately retain only spot. If a red divergence occurs, he would stop participating further.

first_img OpenAI is facing a class-action lawsuit, accused of allowing outsourced personnel to read ChatGPT conversations

Two ChatGPT users from California filed a proposed class action lawsuit against OpenAI in the United States District Court for the Northern District of California this month, accusing the company of failing to adequately inform users that their real conversations were being handed over to external contractors for processing. The lawsuit was served to OpenAI on September 2, focusing on its internal initiative Project Lily. According to the complaint, "AI data reviewers" and "chatbot evaluators" recruited through a third-party staffing company read real ChatGPT prompts and complete conversations, summarize user intent, and score and comment on responses from four models on a scale of 1 to 7.This process is known in the industry as reinforcement learning from human feedback (RLHF), which is a fundamental method for enhancing chatbot capabilities. The complaint states that users were never explicitly informed that a person, rather than a machine, might be reading their conversations. OpenAI filters conversations through an automated system before human review, but the complaint alleges that the filters cannot intercept all content, and personal details sometimes still reach contractors. 404 Media first reported on the project on September 14 and found that the reviewers' dashboard included "user memory summaries," which could expose users' approximate locations, occupations, or private life information, even though usernames had been removed.OpenAI stated that such reviews aim to reduce two behaviors: chatbots behaving too much like humans and overly catering to users, referred to by researchers as "flattery." The complaint raises eight legal claims, including violations of California's Unfair Competition Law, Consumer Privacy Act, and common law claims for intrusion into private affairs, with the plaintiffs seeking damages, restitution of unjust enrichment, and punitive damages.

first_img Apyx postponed the APYX token TGE, and the Season 2 allocation was raised to 9%

The digital credit protocol Apyx announced on September 23 that the TGE of the governance token APYX has been postponed to after the originally scheduled date of October 13, 2026, when rewards were planned to be distributed to Season 1 and Season 2 participants. The reasons for the delay are twofold: the core reserve asset STRC has experienced the deepest and longest drawdown in its brief history, the protocol has not been interrupted, and the Chainlink on-chain NAV, proof cadence, minting, and redemption are still operating under existing terms, but the volatility of digital credit exceeds the range shown by its short history, requiring more time to address; multiple institutions have proactively reached out, hoping to use their infrastructure to bring their assets on-chain.The additional time will be used to strengthen the core protocol and to build a broader RWA platform V1 before the TGE. Digital credit remains the reserve anchor and source of yield for apyUSD, with custody, proof, on-chain NAV, redemption, and compliance frameworks being opened to other issuers and asset types. Apyx stated that the zero-fee, instant redemption, government bond-backed aptUSD has been launched, making it the first asset in the ecosystem not derived from digital credit. The Pips plan will continue, and Season 2 will no longer end on the originally scheduled date of October 11; the accumulation under the existing multiplier will remain uninterrupted, and positions, commitments, Curve and Pendle positions, and lending positions will continue to score without any action required.Due to the extended accumulation period, the airdrop allocation for Season 2 has increased from 6% of the total supply to 9%. The new end date will be confirmed along with the new TGE date, and it will not end without prior notice. The allocations for Season 1 and Season 2 will still be fully unlocked at the TGE.

U.S. Department of Justice: California woman sentenced to prison for concealing $2.6 million in cryptocurrency crime proceeds

The U.S. Department of Justice announced that Iris Rabaya Au, a 37-year-old woman from Irvine, Orange County, California, was sentenced to 18 months in federal prison for failing to report over $2.6 million in illegal income to the Internal Revenue Service (IRS). She was also ordered to pay $1.484 million in restitution and had multiple luxury cars, high-performance vehicles, designer handbags, and three "Godfather" sculptures confiscated. Au is the ex-girlfriend of cryptocurrency scammer Adam Iza.Prosecutors stated that between 2020 and 2024, Iza fraudulently obtained Meta advertising accounts and credit lines, selling account access and earning millions of dollars in unreported income. At Iza's direction, Au set up shell companies and opened bank accounts, using the related funds to pay approximately $1 million to Los Angeles County Sheriff's Department (LASD) officers and to purchase or lease luxury homes, cars, jewelry, and clothing. They also spent nearly $10 million on entertainment and purchased about $16 million in cryptocurrency for Iza. Between 2020 and 2023, Au transferred over $2.6 million into her personal bank accounts but did not accurately report it on her federal tax returns. She pleaded guilty to one count of false tax return in March 2025. Iza pleaded guilty in January 2025 to charges including conspiracy to infringe rights, wire fraud, and tax evasion, with a sentencing hearing scheduled for October 5. He was also sentenced to 15 years in federal prison for his involvement in an attempted Bitcoin robbery and kidnapping case in Connecticut in August 2024.
app_icon
ChainCatcher Building the Web3 world with innovations.