Robinhood’s record-setting $916 million net income beat industry expectations, fueled largely by a 700% year-on-year crypto revenue increase, pushing shares up 17% in after-hours. Source link
Day: February 12, 2025
Sam Altman’s GPT-5 launching in ‘weeks / months’ as OpenAI focuses on friendlier experience
Key Takeaways OpenAI plans to launch GPT-5 within ‘weeks or months’ as part of an effort to simplify AI offerings. The new GPT-5 will integrate OpenAI’s o3 model and be available across different subscription tiers. Share this article OpenAI CEO Sam Altman announced plans to launch GPT-5 within “weeks / months,” as part of a broader initiative to streamline the company’s AI offerings and improve user experience. OPENAI ROADMAP UPDATE FOR GPT-4.5 and GPT-5: We want to do a better job of sharing our intended roadmap, and a much better…
Webull brokerage launching Kalshi prediction contracts on platform
The partnership reflects a broader push by Kalshi to integrate its event contracts into brokerage platforms. Source link
US states lead in strategic Bitcoin reserve creation — Will Trump deliver on his BTC promise?
At least 16 states have introduced legislation for Bitcoin and digital asset reserves, following in President Trump’s footsteps at the national level. Source link
Hive Digital clocks $29.2M in Q3 revenue as Bitcoin hodl position surges
The Bitcoin miner ended its fiscal third quarter with $270.7 million in cash and crypto holdings, according to CFO Darcy Daubaras. Source link
Bitcoin Banks: We Should Build Them Ourselves
Bitcoin banks are going to happen. We already have a few of them. We’re going to have more of them. Existing legacy banks are going to start offering services. New banks are going to be founded around Bitcoin. This is completely unavoidable at this point. Bitcoin doesn’t scale. Even absent that, people value other services that inherently require other parties. Debt being the chief one. This is an inescapable reality. Even if we could snap our fingers and roll out every well specified opcode and covenant proposal at once, it…
Bitcoin price sells off after hot CPI print, but $100K remains in sight
Bitcoin corrects after a shocking CPI print, potential BTC miner sell pressure and concerning macroeconomic developments. Source link
HashFlare co-founders plead guilty to wire fraud in US
Sergei Potapenko and Ivan Turogin, both Estonian nationals, agreed to forfeit all claims in digital assets frozen by US authorities as part of a plea deal with prosecutors. Source link
Trump-Putin deal frees Russian crypto founder tied to $4 billion Bitcoin laundering
Key Takeaways Alexander Vinnik was part of a prisoner exchange between the US and Russia, with Marc Fogel returning to US custody. Vinnik pleaded guilty to laundering $4 billion through Bitcoin via BTC-e, facing various extraditions and legal charges. Share this article Alexander Vinnik, the operator of defunct crypto exchange BTC-e, has been released as part of a prisoner exchange between the US and Russia, with American teacher Marc Fogel returning to US custody. Vinnik, who was arrested in Greece in 2017 at the request of US authorities, had recently…
State reserve bills add up to $23B in Bitcoin buys: VanEck
Some 20 US states are mulling creating Bitcoin reserves, and so is the federal government. Source link