News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →Arthur Hayes Plans to Build Derivatives Around AI Compute
Arthur Hayes published a new essay on October 27 outlining futures and perpetual swaps tied to Flop Network’s proposed compute market, where AI agents would pay for computing power using FLOP. The plan aims to establish a reference price for compute that traders could use to build financial contracts around the resources AI systems consume. In a post on X, Hayes called his essay “The Trifecta” and <a href="https://x.com/CryptoHayes/status/2114857087004201325?s=20" rel="nofollow" target="_blank">described</a> it as a blueprint for entrepreneurs seeking to build derivatives for the AI agent economy. His central idea is that a liquid spot market for computing power could <a href="https://cryptohayes.substack.com/p/the-trifecta" rel="nofollow" target="_blank">provide</a> the pricing benchmark needed for futures and perpetual swaps. The proposed Flop Reference Compute Rate (FRCR) would be calculated hourly using a volume-weighted FLOP price per GigaFLOP of computing capacity. Quarterly futures would settle on the last Friday of March, June, September, and December, with contracts using US dollars for margin and profits. Hayes explained that the dollar-based structure would require a quanto derivative, a contract whose payout uses a different currency from its underlying asset. Because the compute market would be priced in FLOP while traders could prefer dollar-denominated returns, pricing the contract would require an adjustment for the relationship between the FRCR and the FLOP-to-dollar exchange rate. The proposed perpetual swap would use an eight-hour time-weighted average of the difference between its trading price and the FRCR to calculate funding payments. As with crypto perpetuals, traders on the expensive side of the contract would pay those on the cheaper side, depending on the premium. Market makers could recreate futures exposure by buying or supplying Flop Compute Units (FCUs), which represent reserved inference capacity for a specified AI model and delivery time. Hayes’s design also requires suppliers to post FLOP bonds, which they risk losing if they fail to deliver the promised computing work. The derivatives proposal depends on Flop Network first establishing a functioning spot market. Hayes argues that existing indexes tracking chip rental prices and individual AI token prices provide incomplete information because both are derivatives of the underlying cost of computation. Under his design, network blocks would record inference tasks, the computing work completed, and the fees paid to miners. Those receipts would help calculate the exchange rate between FLOP and computing capacity, giving buyers and suppliers a common reference. Hayes <a href="https://cryptopotato.com/arthur-hayes-called-ai-a-bubble-now-hes-launching-an-ai-project/" rel="nofollow" target="_blank">introduced</a> Flop Labs in August 2026, describing its proposed native token FLOP as “food for your AI agent.” In an August 27 explanation, the project <a href="ht
Zcash Co-founder Sean Bowe Proposes Ending ZCG Funding Stream, Citing $125M Treasury
Zcash (ZEC) co-founder Sean Bowe proposed on Monday to end the 8% block reward share paid to Zcash Community Grants (ZCG), saying the program already holds over $125 million. Bowe filed the change as a draft Zcash Improvement Proposal (ZIP) that would send that reward share to the Network Sustainability Mechanism (NSM) until the stream’s scheduled end. That mechanism withholds the coins from issuance and starts paying them back out as block rewards in February 2031. Under the draft, ZCG would keep its existing treasury and could still approve grants from it. “The program was never designed to handle this amount of funding,” Bowe wrote on X. It’s time to turn off the ZCG funding stream. ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding. — Sean Bowe (@ebfull) <a href="https://x.com/ebfull/status/2114911107718742451?ref_src=twsrc%5Etfw" rel="nofollow" target="_blank">October 27, 2026</a> Bowe’s figure comes from a dashboard linked on ZCG’s website. It listed 91,453 ZEC and $8.8 million in cash at an October 21 block. Approved grants still unpaid came to $2.4 million. Bowe valued the coins at $1,300 each to reach $125.3 million. The same dashboard counts another 110,049 ZEC due to ZCG before the stream ends on November 24, 2028. According to the draft ZIP, at the dashboard’s price of $1,241.61, those coins are worth $136.6 million, more than the program holds now; and, according to a Financial Privacy Foundation report, ZCG spent $1.53 million in the first quarter of 2026 <span>against that intake</span>. The stream adds 144 ZEC a day, which Bowe put at $68.3 million a year at the same coin price. Bowe’s draft landed alongside other proposals on the Zcash forum. For instance, Maxime Desalle’s proposal would also send ZCG’s remaining treasury to the NSM. Desalle cited a February coinholder vote in which 98.6% opposed Zcash Shielded Assets. ZCG approved another $455,000 for Shielded Assets work in June, he said. Turnout was 7.25% of circulating ZEC, per the Zcash Foundation. In June, ZCG approved $455,000 for a QEDIT test network covering Shielded Assets and other deferred features, its minutes show. Josh Swihart, founder and CEO of Zcash Open Development Lab (ZODL), said: “It’d be a mistake to kill only one part of the dev fund.” He added the 12% Coinholder-Controlled Fund, which accrues about 216 ZEC a day, should end too. Swihart’s company is the one former Electric Coin Company staff <a href="https://cryptopotato.com/zcash-governance-crisis-forces-full-exit-of-electric-coin-company-staff/" rel="nofollow" target="_blank">formed</a> after a governance dispute. Responding to Swihart’s plan, Bowe wrote that he would also personally back a separate proposal to strip ZCG’s existing treasury. Ian Miers, one of Zcash’s founding scientists, objected to the NSM as the destination, stating that the reserve ultimately pays miners and could
Discord is making public chats searchable on Google: How to opt out
Discord conversations on large public servers will soon reach audiences far beyond their communities, raising privacy concerns. Discord is making a policy change that will make conversations from its largest public servers discoverable in search engines, including Google, raising privacy concerns among users whose conversations were previously confined to the platform. The change applies to Discoverable Servers — communities with at least 1,000 members listed in Discord’s public directory that do not require an invitation to join. From Nov. 16, every Discoverable Server will have a web page that may include summaries of public channel discussions. From mid-December, individual messages posted in eligible channels may appear in web search, Discord<a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" target="_blank">> <span>said</span></a> Tuesday. Messages posted before the rollout will not be included, while usernames and avatars will be excluded from published messages. Example of an individual message being shown online. Source: <a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" aria-label="Source: Discord" target="_blank">Discord</a> Discord said the shift of online communities from message boards to its servers had made useful answers harder to find. “This has led to valuable information being locked in Discord conversations, inaccessible to the wider internet. We want to fix this,” the company said. The move has <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/comment/19rr367kxqlk2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button" rel="nofollow noopener" target="_blank">><span>drawn</span></a> criticism from users concerned about their conversations reaching an audience outside of their intended community, even if the servers are public in the first place. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/starknet-introduces-wallet-privacy-feature-for-defi-activity" target="_blank" rel="nofollow"><span><em><strong>Starknet introduces wallet privacy feature for DeFi activity</strong></em></span></a> Others welcomed the change, saying it could make useful answers easier to find. One user in Discord’s announcement thread <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/official_megathread_discoverable_servers_are/" rel="nofollow noopener" target="_blank">><span>called</span></a> it “very much necessary,” while another said moving communities from forums to Discord had made their discussions harder to find through search. The change could also affect cryptocurrency communities that use Discord for technical discussions, support and project announcements. Cointelegraph found nearly 800 servers tagged “cryptocurrency,” around 1,400 tagged “trading” and more than 700 tagged “finance” in Discord’s public directory. Disc
The U.S. Department of Justice appeals the ban on Claude, while federal procurement departments negotiate a 40% discount agreement.
On October 26, the U.S. Department of Justice filed an appeal seeking to restore a federal-wide ban against Anthropic. The next day, the General Services Administration (GSA), which handles government procurement, announced an expansion of its partnership, allowing government agencies to use Claude at a 40% discount, paying only for actual usage with no minimum spending commitment. In February of this year, the GSA had publicly supported Trump's ban on Anthropic and removed Claude from the government procurement list. In March, a California court halted the full ban, and the GSA restored procurement eligibility in April. In August, the court further ruled that the government's broad ban was unlawful. Although the Department of Justice has appealed, the ruling does not automatically become invalid as a result. Anthropic disclosed that approximately 500 U.S. federal, state, and local government organizations currently use Claude, with usage by federal civilian agencies growing about 20-fold over the past year.
Yardeni: The AI bubble is deflating, but it hasn't burst yet.
CoinWorld news, analyst Ed Yardeni said the AI bubble is deflating but not bursting, due to increasingly strict financing scrutiny of CRWV and NBIS. He noted that the bond market will adjust.
Two dormant PEPE whales transferred 2.27 trillion PEPE, worth approximately $10.19 million.
BiJie Network data: Two dormant PEPE whales transferred 2.27 trillion PEPE tokens today, worth approximately $10.19 million at current prices.
South Korean cryptocurrency exchanges and securities firms hacked.
Bithumb, Mirae Asset Global Investments, and Daishin Securities have been hit by hackers, according to the Financial Supervisory Service of South Korea, CoinWorld reported. Daishin Securities said in a press release that the personal and credit information of about 38,490 customers had been leaked. Bithumb discovered the previous day that unauthorized external parties had gained abnormal access to the company's internal mobile office system, resulting in the leakage of personal information. The Financial Supervisory Service has dispatched an on-site inspection team to Daishin Securities to further investigate the situation. Following the system intrusion at Mirae Asset Life Insurance on the 26th of this month, which led to the leakage of customer information, Bithumb, Mirae Asset Global Investments, and Daishin Securities have also been found to have been attacked by hackers. With this, almost all major financial sectors in South Korea, except credit card companies, have now been confirmed to have suffered hacker attacks.
Ethereum Name Service ENS announces the launch of ENSv2 on mainnet.
According to CoinWorld news, the Ethereum Name Service (ENS) has announced that ENSv2 is now live on the Ethereum mainnet, with the new protocol launching alongside a new version of the ENS app and ENS explorer. ENSv2 allows each name to establish an independent registry for its subnames and offers more granular permission settings, enabling multiple parties to jointly manage the same namespace. More than 40 teams have already completed v2 integration, including 1inch, Aragon, Arbitrum, Jumper, Lighter, MetaMask, and Safe. Existing ENS names remain valid and do not need to be re-registered; eligible .ETH names can optionally be upgraded to v2. At the same time, ENS has also issued a commemorative ENSv2 NFT.
Binance Alpha今日17：00空投，积分门槛244点
According to CoinWorld news, Binance Alpha will conduct an airdrop today at 17:00. Users with at least 244 Alpha points can claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the event ends.
China's CXMT to start advanced AI memory production
According to a Reuters report, Chinese company CXMT will begin production of advanced AI memory despite poor yields.