ETF Store President Nate GeraciNate Geraci tweeted that the SEC will make a decision on the Ethereum spot ETF this week. The SEC must approve both 19b-4 (trading rule changes) and S-1 (registration statement) before the ETF can be launched. Technically, it is possible for the SEC to approve 19b-4s and then slow down the approval of S-1 (especially considering the lack of participation).
According to financial reports, on May 14, Eastern Time, OpenAI Chief Scientist Ilya Sutskever officially announced his resignation. On the same day, Jan Leike, one of the leaders of OpenAI's super alignment team, also announced his resignation. This Friday, OpenAI also confirmed that the "Super Intelligence Alignment Team" co-led by Sutskever and Jan Leike has been disbanded. In the early morning of May 18, Jan Leike sent 13 tweets on the social platform X, revealing the real reason for his resignation and more inside information. In summary, one is that computing resources are not enough, and the other is that OpenAI does not pay enough attention to security. Jan Leike said that more resources and energy should be invested in preparing for the next generation of AI models, but the current development path cannot smoothly achieve the goal. His team has faced huge challenges in the past few months, and sometimes it is difficult to obtain sufficient computing resources. Jan Leike also emphasized that creating machines that surpass human intelligence is full of risks, and OpenAI is taking on this responsibility, but safety culture and processes are marginalized in the pursuit of product development. OpenAI must transform into an AGI company that puts safety first. In response to Jane Lake's revelations, Altman also issued an urgent response on May 18: "I am very grateful to Jane Lake for his contributions to OpenAI's AI super alignment research and safety culture, and I am very sorry that he left the company. He pointed out that we still have a lot of work to do, and we agree with this and are committed to advancing this work. In the next few days, I will write a more detailed article to discuss this issue." Tesla CEO Musk commented on the news of the dissolution of the "super alignment" team, saying: "This shows that safety is not OpenAI's top priority."
In addition, the U.S. TechCrunch technology blog website stated on the 18th that OpenAI abandoned security research and launched new products like GPT-4o, which eventually led to the resignation of the two leaders of the "Super Alignment" team. It is unclear when or whether the technology industry will achieve the necessary breakthroughs to create artificial intelligence that can accomplish any task that humans can. But the dissolution of the "Super Alignment" team seems to confirm one thing: OpenAI's leadership - especially Altman - chooses to prioritize products over security measures. Over the past year, OpenAI has flooded its chatbot store with spam and violated the platform's terms of service to scrape data from YouTube... Security seems to be secondary to the company - more and more security researchers have come to this conclusion and chosen to seek other opportunities.
On May 19, OpenAI CEO Sam Altman responded to the rumors of "gagging" the resignation terms on the social platform X: the company has never recovered anyone's vested equity, and will not take such action even if someone does not sign a resignation agreement (or disagrees with a non-disparagement agreement).
Gnosis DAO community proposes to buy back $30 million of GNO, voting ends on May 24
The cryptocurrency fund Thanefield Research has initiated a "$30 million GNO buyback plan" proposal vote in the Gnosis DAO community. According to the proposal, GNO is currently severely undervalued relative to its book value. To address this problem, it is recommended to launch a large-scale buyback plan to deploy $30 million for structured buybacks within six months, accounting for approximately 5% of Gnosis DAO's estimated assets. The proposal will end voting on May 24.
Bryan Pellegrino, CEO of LayerZero Labs, announced that the witch hunting bounty campaign will be suspended for one to two days to adjust its design. According to Pellegrino, within a few hours of the start of the bounty campaign, LayerZero has received more than 3,000 witch reporting reports and 30,000 appeals. In order to address these issues, the reporting process will be suspended "in the next day or two." Pellegrino proposed a possible solution that it costs 0.02 ETH to submit a report to reduce the system's automatic reporting.
A whale deposited 15,000 ETH, about 46 million US dollars, into Kraken in 3 hours
According to Lookonchain monitoring, 3 hours ago, a whale holding 120,874 ETH (US$370.6 million) deposited 15,000 ETH (about US$46 million) to Kraken. The whale withdrew 120,874 ETH (about US$199 million) from Kraken at an average price of US$1,647 between August 31, 2022 and September 9, 2022, and currently holds 105,874 ETH (US$325.3 million). His profit is about US$171.5 million.
According to GeniiData data, it has been one month since the launch of the Runes protocol mainnet, and the total market value of the Runes ecosystem has now fallen to US$925 million, of which DOG•GO•TO•THE•MOON has a market value of US$256.16 million, ranking first; PUPS•WORLD•PEACE has a market value of US$158.75 million, ranking second; and RSIC•GENESIS•RUNE has a market value of US$158.27 million, ranking third. Previously, Ordinals and Casey, the founder of the Runes protocol, joked that if "the market value of the Runes ecosystem did not reach US$1 billion within a month of its launch, he would be ready to commit suicide." According to GeniiData data, the total market value of the Runes ecosystem reached a high of US$998.6 million on May 9, and did not reach US$1 billion. Not enough, on May 18, the total market value of the Runes ecosystem briefly exceeded US$1 billion, and the average for the entire time period of the day was US$993.6 million.
Arcade.xyz consultant Cirrus posted on the X platform that four months ago, when the BAYC floor price fell below 25 ETH, an address swept in more than 1% of the supply in an attempt to buy the dips, but now the value of these BAYCs has fallen by about 1,400 ETH (about $4.3 million). Blur data shows that the BAYC floor price is now 13.4 ETH, a 7-day drop of 7.66%.
According to The Block, the 7-day moving average number of new addresses on the Bitcoin network, which was close to its all-time high six months ago, has now fallen to its lowest level since 2018. Data shows that only 275,000 addresses were added to the Bitcoin network on average every day over the past week, compared to 625,000 six months ago. Other related indicators have also declined, most importantly, miners' income measured in computing power has also fallen to a record low. Transaction fees on the network and on-chain transaction volume indicators have also declined.
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