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Dragonfly Partner Haseeb Qureshi denies that the Polymarket CEO embezzled company funds.

55 minutes ago

Dragonfly Management Partner and early Polymarket investor Haseeb Qureshi posted that claims Polymarket CEO Shayne Coplan was caught using company funds to cover private jet flights and other expenses are "total nonsense" and an unsubstantiated smear report. Qureshi added that Coplan founded Polymarket at age 21, took no salary at the time, ran the company from an apartment and lived frugally. Dragonfly was one of the first firms to extend an investment term sheet to Coplan, and even proposed a personal loan to him. Coplan disclosed all his expenses, with the annualized total roughly equivalent to a software engineer’s salary; the flight costs in question did not involve personal travel. Qureshi also emphasized that Coplan voluntarily initiated the accounting review and refund process, not after investors discovered the issue and demanded repayment. Coplan has since fully reimbursed the company, and now receives a regular salary like other employees. Qureshi characterized the matter as an accounting error, not an integrity lapse, and stated that Dragonfly retains full confidence in Coplan and his leadership. He noted that Polymarket has grown from a small startup to one of the fastest-growing and most impactful consumer brands in the U.S., and called on the public to stop spreading the negative reports.

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Whales Open 10x Longs on 29,798 $ZEC ($37.57M) in 15 Hours

Whales are going long on $ZEC! Over the past 15 hours, 2 whales opened 10x longs on a total of 29,798 $ZEC ($37.57M).

19 minutes ago

A crypto whale has taken a 10x long leveraged position on nearly 30,000 ZEC tokens, worth $37.57 million.

According to Lookonchain's monitoring, two whales opened 10x leveraged long positions on ZEC in the derivatives market over the past 15 hours, holding a total of 29,798 ZEC worth approximately $37.57 million.

19 minutes ago

OpenAI’s 28-Day Product Sprint Day 16: Codex and Work Caches Permanently Retained, APIs Extended to 12 Hours

Insight Beating AI Flash News: OpenAI’s Product and Platform Lead Thibault Sottiaux announced Day 16 of the company’s 28-day product sprint, with a key focus on resolving context caching issues for long-running Agents. For logged-in Codex and ChatGPT Work users, OpenAI has announced permanent retention of prompt caches. This ensures cache hits even when resuming work after hours or reopening old sessions, eliminating the loss of cache reuse benefits due to long pauses. The API has also been updated: OpenAI extended the optional cache duration for the Responses API from the default 30 minutes to 12 hours. Developers can cache system instructions, tool definitions, and common context long-term, so Agents can reuse prior computation results even when resuming tasks hours later. The two durations can be mixed: fixed instructions are retained for 12 hours, while new conversation content is cached for only 30 minutes. However, extending API caching incurs additional costs. The initial write price for 12-hour caching is 2.5 times that of standard input, double the cost of the default 30-minute cache. For subsequent cache hits, input prices for most new models are reduced by 90%, and by 95% for GPT-6.1 Sol. Thus, long caching is more suitable for Agents that repeatedly call the same context, rather than short, one-off tasks.

19 minutes ago

OpenAI admits miscalculation of quota for 40,000 users: some users' weekly quota suddenly ran out, the company is offering compensation credits.

Beating AI News Flash: OpenAI’s Product and Platform Head Tibo Sottiaux admitted that some users have recently encountered abnormal Codex usage quota consumption. An investigation found that roughly 40,000 accounts have actual usage limits inconsistent with their selected subscription plans. OpenAI has fixed the issue, is contacting affected users individually, and has committed to reissuing usage credits.

19 minutes ago

A new proposal from the NEAR community has opened for voting, aiming to cut the token's annual issuance rate to 1.6% within 24 months.

NEAR’s governance platform House of Stake has opened voting on the HSP-029 proposal, which seeks to gradually lower the NEAR token’s annual issuance rate from the current 2.5% to 1.6% over the next 24 months, to reduce token dilution and optimize the long-term token economic model. The voting deadline is November 2, 2026.

19 minutes ago

Super Micro’s upwardly revised earnings drive Dell’s rally, as the largest on-chain long holder of DELL tokens cuts their position by nearly half.

Super Micro Computer raised its preliminary quarterly revenue and gross margin guidance, driving Dell (DELL)’s post-market share price to rise around 6% at one point. According to TradingBeats monitoring, the largest DELL long position holder, who had been averaging down during the prior decline, reduced their position by roughly $960,000 in the early hours of today amid the current rebound, nearly half of their original holding. The total loss on the reduced position was around $6,300, exiting nearly at break-even. Currently, the whale still holds 2,200 DELL long contracts, with a position value of approximately $1.08 million, an average entry price of around $482, uses 4x isolated margin leverage, and has an unrealized profit of about $17,000 on the remaining position.

19 minutes ago

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