News Square
Global Crypto News · Real-time Aggregation
📚 Deep Analysis
More →TokenMaxxing: How to Get the Most Out of Your AI Models
<span class="">By <span><span class="underline"><a class="text-text-sub-600 gg-dark:text-gray-100 font-semibold" href="/author/jose" rel="nofollow" target="_blank">Jose Antonio Lanz</a></span></span></span> <span class="">Edited by <span><span class="underline"><a class="text-text-sub-600 gg-dark:text-gray-100 font-semibold " href="/author/guillermo" rel="nofollow" target="_blank">Guillermo Jimenez</a></span></span></span> <span class="whitespace-nowrap">Oct 17, 2026Oct 17, 2026</span> Meta employees burned through 60 trillion AI tokens in 30 days earlier this year, chasing spots on an internal leaderboard nicknamed "Claudeonomics." Tech columnist Gergely Orosz <a href="https://blog.pragmaticengineer.com/the-pulse-tokenmaxxing-as-a-weird-new-trend/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>estimated the tab</a> at roughly $900 million at Anthropic's list prices, though Meta likely pays far less. Bain & Company consultant Jue Wang sees a quieter version of that waste everywhere: "So many companies, so many users, default to using Opus for everything, including generating emails," she <a href="https://wtop.com/news/2026/07/a-flex-in-corporate-america-ai-tokenmaxxing-fades-as-workplaces-look-to-cut-tech-spending/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>told the Associated Press</a> this summer, referring to Anthropic's high-end models. If you do the same thing, you're hiring Albert Einstein to calculate your change at a MacDonald’s. Every word you type into ChatGPT or Claude, and every word it writes back, is metered in <a href="https://help.openai.com/en/articles/4936856-what-are-tokens-and-how-to-count-them" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>tokens</a>, chunks of text that average about three-quarters of a word. On a $20 subscription that meter decides how fast you hit your usage limit. On the API, the pay-per-token access developers use to plug models into their own apps, it decides the bill. Here's Anthropic's current <a href="https://platform.claude.com/docs/en/about-claude/pricing" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>price list</a>, per million tokens: Haiku's rate applies to prompts under 100,000 tokens; longer prompts cost five times as much. The top model costs 100 times more than the smallest, and OpenAI's <a href="https://developers.openai.com/api/docs/pricing" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>own lineup</a> runs the same spread, from $10 to $0.10 per million input tokens. Those per-token prices add up fast for the labs—and you: Anthropic's revenue run rate went from about $9 billion at the end of 2025 to more than <a href="https://simonwillison.net/2026/May/29/anthropic/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>$47 billion</a> by May, while OpenAI is fighting a <a href="https://decry
Hong Kong IPO market booms with fundraising hitting a nearly 15-year record, as the Securities and Futures Commission warns of suspicious subscriptions.
According to BiJie Network, in the first three quarters of 2026, the Hong Kong stock market delivered an IPO performance far exceeding expectations, with a total of 115 companies listed and total funds raised of HK$385.566 billion, already surpassing the full-year level of any year since 2011. Deloitte and KPMG said that the full-year IPO fundraising amount in Hong Kong has the opportunity to approach HK$500 billion. The hot market has benefited intermediary institutions, with the underwriting scale of the top three underwriters together accounting for 42%. The Securities and Futures Commission of Hong Kong reminded that sponsoring institutions need to be vigilant against opaque arrangements in initial public offerings and post-listing activities, which may generate suspicious subscription instructions or facilitate trading activities that potentially manipulate buying and selling after listing.
A drone attack set the St. Petersburg oil terminal in Russia on fire.
According to a report from Bihaiwang, the Russian oil terminal in St. Petersburg caught fire after a drone attack. On the 18th, St. Petersburg Mayor Beglov said on social media that the city's oil terminal was attacked by Ukrainian drones in the early hours of that day and caught fire, with no casualties reported so far. Beglov said that civilian infrastructure in four districts of St. Petersburg also caught fire during the drone attack that day, and emergency rescue services were working at the scene to extinguish the flames. For safety reasons, operations at St. Petersburg's Pulkovo Airport have been restricted, and mobile internet services in St. Petersburg may be disrupted. According to RIA Novosti, the data center of the Russian social platform VKontakte in Leningrad Oblast was also attacked that day.
The 4-hour trading volume ratio of ETH contracts to spot is 15.26.
CoinWorld data: Over the most recent 4 complete hours, ETHUSDT perpetual contract trading volume was 15.26 times the spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 3.9705; compared with the same-caliber snapshot 7 days earlier, it rose by 9.3202.
Reason lets Claude Code and Codex assign tasks across computers: they can talk to each other, but still can't automatically prevent code conflicts.
Coin World news: Reason has launched Reason Network, allowing agents from different vendors such as Claude Code, Codex, Cursor, and Opencode to communicate directly and assign tasks across computers. The system allows agents to send and receive messages directly with one another, without the need for humans to relay information back and forth. Developers can view in real time which agents in the team are online, which repository they are modifying, what branch they are using, and what they are currently busy with. Each computer runs a lightweight background program. Devices on the same local network can communicate directly, while across networks a peer-to-peer connection is established first, and if that fails, messages are relayed through an encrypted relay. However, the code conflict avoidance feature advertised by Reason has not yet been fully implemented, and the automatic detection of multiple agents modifying the same file at the same time has not yet been developed. At this stage, it mainly relies on sharing work status so that agents can coordinate proactively.
French lawmakers pass bill to tax cryptocurrency-to-stablecoin conversions at 31.4% starting in 2027.
Cointime news: French lawmakers voted 38 to 37 to pass a bill that plans to impose a 31.4% tax starting in 2027 on transactions exchanging cryptocurrencies for stablecoins. Only 100 of the 577 lawmakers participated in the vote.
The 4-hour trading volume ratio of BTC contracts to spot is 8.5.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 8.5 times the spot trading volume. Compared with the same-metric snapshot 24 hours earlier, it rose by 3.6875; compared with the same-metric snapshot 7 days earlier, it rose by 1.4306.
French lawmakers vote to approve a 31.4% tax on crypto and stablecoin transactions.
Cointelegraph reports that French parliamentarians passed a bill by a vote of 38 to 37 that will impose a 31.4% tax on transactions between cryptocurrencies and stablecoins starting in 2027. Only 100 of the 577 lawmakers were present for the vote.
Analyst: U.S. spot Bitcoin ETFs saw net outflows of $228 million this week, with IBIT seeing the largest outflows.
According to CoinWorld news, U.S. spot Bitcoin ETFs recorded a total net outflow of $228.4 million this week, with IBIT seeing a net outflow of $165.4 million, FBTC a net outflow of $60.2 million, BTC a net outflow of $7.6 million, BTCO a net outflow of $4.1 million, MSBT a net inflow of $6.7 million, and BITB a net inflow of $2.2 million.
The VXN Nasdaq 100 Volatility Index stands at 27.13 points.
Coin World US stock data: The VXN Nasdaq 100 Volatility Index closed at 27.13 points. It was unchanged compared with the same-caliber snapshot 24 hours earlier.