Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3

Key Information from Last Night and This Morning (May 19 - May 20)

View original
PANews2024/05/20 02:25
By:PANews

ETF Store President: SEC May Approve Ethereum Spot ETF's 19b-4 Filing This Week, But S-1 Approval Will Slow Down

ETF Store President Nate Geraci tweeted that the SEC will make a decision on the Ethereum spot ETF this week. The SEC must approve both the 19b-4 (trading rule change) and the S-1 (registration statement) for the ETF to launch. Technically, the SEC could approve the 19b-4s and then slow down the S-1 approval process (especially considering the lack of engagement).

More Insider Information Revealed After OpenAI's "Super Alignment" Team Disbanded, Concerning Computing Power and AGI Safety

According to financial reports, on May 14th, Eastern Time, OpenAI's Chief Scientist Ilya Sutskever announced his resignation. On the same day, Jan Leike, one of the leaders of OpenAI's Super Alignment team, also announced his departure. This Friday, OpenAI confirmed that the "Super Intelligence Alignment Team" led by Sutskever and Leike has been disbanded. In the early hours of May 18th, Jan Leike posted 13 tweets on social platform X, revealing the real reasons for his resignation and more insider information. In summary, the main issues were insufficient computing resources and a lack of focus on safety at OpenAI. Leike stated that more resources and effort should be devoted to preparing for the next generation of AI models, but the current development path cannot achieve this goal smoothly. His team faced significant challenges in the past few months, sometimes struggling to obtain enough computing resources. Leike also emphasized that creating machines that surpass human intelligence is fraught with risks, and OpenAI is taking on this responsibility, but safety culture and processes are being marginalized in the pursuit of product development. OpenAI must transform into an AGI company that prioritizes safety. In response to Leike's revelations, on May 18th, Altman urgently posted: "I am very grateful for Jan Leike's contributions to OpenAI's AI super alignment research and safety culture and deeply regret his departure. He pointed out that we still have a lot of work to do, and we agree with this and are committed to advancing these efforts. In the coming days, I will write a more detailed article to discuss this issue." Tesla CEO Elon Musk commented on the disbandment of the "Super Alignment" team, saying: "This shows that safety is not OpenAI's top priority."

Additionally, on May 18th, the American tech blog TechCrunch reported that OpenAI abandoned safety research in favor of launching new products like GPT-4o, ultimately leading to the resignation of the two leaders of the "Super Alignment" team. It is currently unclear when or if the tech industry will achieve the necessary breakthroughs to create AI capable of performing any task a human can. But the disbandment of the "Super Alignment" team seems to confirm one thing: OpenAI's leadership—especially Altman—has chosen to prioritize products over safety measures. Over the past year, OpenAI has filled its chatbot store with spam and violated platform service terms by scraping data from YouTube... Safety seems to be a secondary concern at the company—an increasing number of safety researchers are reaching this conclusion and choosing to seek other opportunities.

On May 19th, OpenAI CEO Sam Altman responded on social platform X to previous rumors about "gag" departure clauses: The company has never reclaimed anyone's vested equity, even if someone did not sign a departure agreement (or disagreed with a non-disparagement agreement), it would not take such actions.

Gnosis DAO Community Proposes $30 Million GNO Buyback, Voting Ends on May 24

Cryptocurrency fund Thanefield Research has initiated a proposal vote in the Gnosis DAO community for a "$30 Million GNO Buyback Plan." According to the proposal, GNO is currently significantly undervalued relative to its book value. To address this issue, it is recommended to launch a large-scale buyback plan, deploying $30 million for structural buybacks within six months, accounting for about 5% of Gnosis DAO's estimated assets. The vote on this proposal will end on May 24.

LayerZero CEO: Witch Hunt Bounty Program to Be Paused for One to Two Days Due to Numerous Reports

LayerZero Labs CEO Bryan Pellegrino announced that the Witch Hunt Bounty Program will be paused for one to two days to adjust its design. According to Pellegrino, within a few hours of the bounty program's launch, LayerZero received over 3,000 witch reports and 30,000 appeals. To address these issues, the reporting process will be paused "within the next one to two days." Pellegrino proposed a possible solution where submitting a report would cost 0.02 ETH to reduce automated system reports.

A Whale Deposited 15,000 ETH Worth Approximately $46 Million to Kraken in 3 Hours

According to Lookonchain monitoring, three hours ago, a whale holding 120,874 ETH ($370.6 million) deposited 15,000 ETH (approximately $46 million) to Kraken. This whale withdrew 120,874 ETH (approximately $199 million) from Kraken at an average price of $1,647 between August 31, 2022, and September 9, 2022, and currently still holds 105,874 ETH ($325.3 million). His profit is approximately $171.5 million.

Casey's "Bold Words" Fall Short, Runes Ecosystem Market Cap Fails to Reach $1 Billion After One Month

According to GeniiData, it has been one month since the Runes protocol mainnet launch, and the total market cap of the Runes ecosystem has now fallen to $925 million. Among them, DOG•GO•TO•THE•MOON has a market cap of $256.16 million, ranking first; PUPS•WORLD•PEACE has a market cap of $158.75 million, ranking second; RSIC•GENESIS•RUNE has a market cap of $158.27 million, ranking third. Previously, Ordinals and Runes protocol founder Casey joked that if the "Runes ecosystem did not reach a market cap of $1 billion within a month of launch, he would prepare to commit seppuku." GeniiData shows that the Runes ecosystem's total market cap reached a high of $998.6 million on May 9th, not touching $1 billion. However, on May 18th, the Runes ecosystem's total market cap briefly surpassed $1 billion, but the average for the entire day was $993.6 million.

A Whale Bought Over 1% of BAYC Supply Four Months Ago, Currently Facing a Loss of Approximately $4.3 Million

Arcade.xyz advisor Cirrus posted on platform X that four months ago, when the BAYC floor price fell below 25 ETH, an address bought over 1% of the supply in an attempt to bottom fish, but now these BAYCs have dropped in value by about 1,400 ETH (approximately $4.3 million). Blur data shows that the current BAYC floor price is 13.4 ETH, with a 7-day decline of 7.66%.

Bitcoin Network's Weekly Average New Address Count Drops to Lowest Level Since 2018

According to The Block, the 7-day moving average of new addresses on the Bitcoin network, which was near an all-time high six months ago, has now dropped to its lowest level since 2018. Data shows that in the past week, an average of only 275,000 addresses were added to the Bitcoin network daily, compared to 625,000 six months ago. Other related metrics have also declined, most notably miner revenue measured by computing power, which has also fallen to a historic low. Network transaction fees and on-chain transaction volume metrics have also decreased.

PANews APP Feature Update, Download Now to Experience!

[Comments] Speak freely, exchange views

[Floating Window] Resume reading anytime

[In-Text Search] Quickly locate and go straight to the core

0

Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.

You may also like

Matter Labs drops 'ZK' trademark applications following backlash from leading projects

Quick Take Matter Labs, the company behind the ZkSync Ethereum Layer 2 network, has dropped its attempt to trademark the term “ZK” following backlash, according to a statement the company posted on X.

The Block2024/06/02 19:37

Ethena’s USDe Hits $3 Billion Supply in Four Months, Surpasses FDUSD

BeInCrypto2024/06/02 18:10

Polkadot ($DOT) Price Analysis: $DOT Battles to Hold its $7 Position Following Volatile Week

Cryptodaily2024/06/02 17:55

Decentralized exchange Velocore addresses $7 million hack in postmortem, offers bounty to hacker

Quick Take Decentralized exchange Velocore was hacked for around $7 million in tokens last night when a user exploited a vulnerability in the logic governing the exchange’s smart contracts. The hack led the Linea blockchain team to halt block production, which has since resumed. Velocore has offered a 10% bug bounty to the hacker, who has yet to respond.

The Block2024/06/02 17:13

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9359.81%
ROI
Total profit $47735.04
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1269.4%
ROI
Total profit $3685.87

Bot copy trading

More
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight8/150
$7892.34
Total profit
Total subscriber profits $210.93
TopTrader85
TopTrader85
insight150/150
$13284.03
Total profit
Total subscriber profits $137.16