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
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
Mara Holdings转移1000枚BTC至BitGo，价值约8066万美元
According to Biji Network data, Mara Holdings transferred 1,000 bitcoins to BitGo 9 hours ago, valued at approximately $80.66 million at current prices.
Main force 24-hour movement: ETH whales show more limit sell orders, totaling 1.44 billion USD.
Bijie.com data: The total trading volume of major players over the past 24 hours shows that BTC recorded a cumulative trading volume of 806 million USD, of which buy trades amounted to 455 million USD and sell trades to 351 million USD, with a net trading difference of 104 million USD. ETH recorded a cumulative trading volume of 1.44 billion USD, of which buy trades amounted to 630 million USD and sell trades to 810 million USD, with a net trading difference of -180 million USD. The latest data shows that major players still have positions at key price levels: BTC's net pending order difference is 1.138 billion USD, and ETH's net pending order difference is 2.668 billion USD. Major players' pending orders may be withdrawn or filled at any time. The data is for reference only and does not constitute any investment advice.
DiffuSpace把Qwen3.6改成扩散模型，GB300单卡跑出680 Token/s
According to CoinWorld news, DiffuSpace has transformed Alibaba's Qwen3.6-35b-a3b into a diffusion model, and Diffusion Intelligence, founded by Kong Lingpeng, a professor at the University of Hong Kong, has released and open-sourced clover-35b-a3b-preview. The model has a total of 35 billion parameters, with approximately 3 billion parameters activated per inference. Clover generates text using block diffusion and completes output through parallel prediction and iterative refinement. According to official evaluations, clover achieved the highest scores across six agent benchmarks, reaching 73.6% on swe-bench verified and 51.7% on terminal-bench 2.1. In terms of speed, clover achieves a generation speed of 680 token/s at bf16 precision on NVIDIA GB300 and 515 token/s on H200, surpassing Qwen models of the same scale accelerated with dflash2 (365 token/s). The team also deployed the int4 quantized version on RTX 5070 Ti, achieving a speed of 101.8 token/s on the math-500 test.
Italy's September PPI month-over-month was 3.6%, previous value 3.10%.
According to CoinWorld news, Italy's September PPI rose 3.6% month-on-month, compared with the previous value of 3.10%.
GE Vernova expects free cash flow of $16 billion to $17 billion for fiscal year 2023.
CoinWorld news, according to Reuters, GE Vernova expects its fiscal year 2023 free cash flow to be between $16 billion and $17 billion.
Xiong Jijun meets with delegation of companies from the American Chamber of Commerce in China
According to a report by Bijie.com, Vice Minister of the Ministry of Industry and Information Technology Xiong Jijun met in Beijing on October 28 with Michael Hart, President of the American Chamber of Commerce in China, and representatives of some member companies. The two sides exchanged views on strengthening cooperation in areas such as new energy vehicles, information technology, and artificial intelligence. Xiong Jijun stated that the Ministry of Industry and Information Technology is willing to work with the U.S. side to implement the consensus reached at the meeting between the two heads of state, adhere to expanding high-level opening up, and provide good services and support for various market entities, including foreign-funded enterprises. Michael Hart thanked the Ministry of Industry and Information Technology for its long-term support for U.S.-funded enterprises conducting business in China, and stated that it will actively guide member companies to continue expanding cooperation with China.
An unknown wallet received 740 BTC, worth approximately $60.29 million.
CoinWorld data: According to Whale Alert monitoring, 740 BTC (approximately $60.29 million) has just been transferred in from an unknown wallet.
Japanese Prime Minister Sanae Takaichi and German Chancellor Merz reached an agreement on high-level AI dialogue.
CoinWorld news: Japanese Prime Minister Sanae Takaichi and German Chancellor Merz reached an agreement to launch a high-level Japan-Germany artificial intelligence dialogue.