Ai2 open-sourced its 8B-parameter research report model, cutting intermediate steps to speed up generation by 3.5x.

Prominent trader Killa posted that he expects Bitcoin to reach a yearly high of $97,000, with the majority of the year likely seeing the cryptocurrency trade sideways below that level. Killa noted Bitcoin’s short-term key level is $80,000–$83,000, a threshold more significant than many realize: if it breaks, the next likely zone would be $74,000–$77,000, which could mark the final capitulation bottom before Bitcoin’s push toward $97,000. However, if bullish momentum persists, pullbacks could be far shallower, potentially only dipping to the $80,000 low before the next upward rally. As a BTC-focused quantitative trader, Killa correctly predicted the peak of the current bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to a long position during the broad market sell-off on June 5.

The largest $CXMT short, 0xf292, has fully closed the position, taking a total loss of $10.79M!

Beating AI Express News reports that Andrej Karpathy, currently part of Anthropic’s pre-training team, has once again discussed how large models should output results to humans. He argues that as AI takes on more specific tasks, humans will spend more time understanding AI outputs, verifying the processes behind them, and making judgments. Making it faster for people to grasp what AI has accomplished will grow increasingly critical. Karpathy’s suggestions have evolved from text to video: For text, teams can draw on the ASD-STE100 standard to use shorter, less ambiguous language; for complex content, they can create diagrams directly, and further develop animated, interactive web pages. He is most bullish on customized explanatory videos, such as having AI generate a 3Blue1Brown-style animated video with voiceover on the spot for a specific problem. This aligns with Karpathy’s earlier views on AI interaction. Back in May this year, he already recommended using HTML to host complex large model outputs, summarizing the evolution of AI outputs as: plain text → Markdown → HTML, and eventually moving toward interactive videos and simulated environments. Compared to long blocks of text, images, animations, and interactive interfaces can turn complex information into far more accessible forms. As code and model capabilities grow cheaper, software that was not worth developing specifically in the past can now be built on demand. A single web page, an interactive tool, or even a short video can be tailored to serve one person, explain one problem, and be discarded after use.

Sources familiar with the matter revealed that Bank of New York Mellon (BNY) is in talks with Payward, the parent company of Kraken. The potential collaboration would cover digital assets, custody, trading, payments, wealth management, and other financial market infrastructure, with related services planned to be delivered to banks, exchanges, and asset management firms via Payward Services. (CoinDesk)

Former President Trump posted on Truth Social that his administration will immediately begin distributing $100 "checks" to more than 20 million seniors to help cover their Medicare Part B premiums. He also stated that if Republicans win the midterm elections, a "$5,000 Trump bonus" will be distributed to every U.S. citizen.

According to three U.S. officials who spoke to Axios, multiple core members of U.S. President Donald Trump’s cabinet held a closed-door, hours-long meeting at Camp David on Friday to discuss next steps for a potential war with Iran and the ongoing conflict between Saudi Arabia and Yemen’s Houthi movement. The Trump administration did not publicly announce the highly unusual gathering. The last comparable meeting took place in June 2025, just days before Israel launched a war on Iran. Officials said the session was chaired by Vice President JD Vance. Attendees included Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, White House Special Envoy Steve Witkoff, CIA Director John Ratcliffe, and Joint Chiefs of Staff General Dan Caine. One official noted of the Middle East crisis: “Some decisions have been made, or at least thoroughly discussed.” The White House declined to comment. Separately, on Friday afternoon, as advisors met at Camp David, reporters asked Trump about his next moves regarding Iran. Trump responded: “If I told you, you’d have a blockbuster news story. But you’ll have to wait and see. Things are going very well. Iran is not in a good position.”