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The U.S. Senate has released the compromise text of the CLARITY Act, which prohibits the use of stablecoin earnings in reserves while retaining activity-based rewards. This submission to the banking committee clears the way after months of negotiations between cryptocurrency companies and bank lobbyists.

[U.S. Senate Releases Compromise Text of CLARITY Act, Prohibiting Use of Stablecoin Earnings in Reserves]The U.S. Senate has released the compromise text of the CLARITY Act, which prohibits the use of stablecoin earnings in reserves while retaining activity-based rewards. This submission to the banking committee clears the way after months of negotiations between cryptocurrency companies and bank lobbyists.

U.S. Senate Releases Compromise Text of CLARITY Act, Prohibiting Use of Stablecoin Earnings in Reserves

On May 2, Buffett spoke at the Berkshire annual shareholder meeting, marking the anniversary of his announcement that Abel would become CEO. Buffett stated, 'We couldn't have made a better decision for a successor; this decision is 100% successful. Abel has not only done everything I did but has done even more. He is the right person for the job.'

[Buffett Praises Successor Abel: New CEO Choice is '100% Successful']On May 2, Buffett spoke at the Berkshire annual shareholder meeting, marking the anniversary of his announcement that Abel would become CEO. Buffett stated, 'We couldn't have made a better decision for a successor; this decision is 100% successful. Abel has not only done everything I did but has done even more. He is the right person for the job.'

Buffett Praises Successor Abel: New CEO Choice is '100% Successful'

GNO fluctuated by 66.53% within 24 hours, current price $182.6311

【GNO fluctuated over 50% in 24 hours!】GNO fluctuated by 66.53% within 24 hours, current price $182.6311

GNO fluctuated over 50% in 24 hours!

On May 2, data from Coinglass indicated that if BTC breaks $81,961, the cumulative liquidation pressure from short positions on major centralized exchanges (CEX) will reach $1.07 billion. Conversely, if BTC falls below $74,752, the cumulative liquidation pressure from long positions on major CEX will reach $1.035 billion.

[If BTC Breaks $81,961, CEX Liquidation Pressure Will Reach $1.07 Billion]On May 2, data from Coinglass indicated that if BTC breaks $81,961, the cumulative liquidation pressure from short positions on major centralized exchanges (CEX) will reach $1.07 billion. Conversely, if BTC falls below $74,752, the cumulative liquidation pressure from long positions on major CEX will reach $1.035 billion.

If BTC Breaks $81,961, CEX Liquidation Pressure Will Reach $1.07 Billion

According to sources, GameStop CEO Ryan Cohen is planning to make an acquisition offer to the e-commerce platform eBay, which has a market value of approximately $45 billion. The goal is to transform eBay into a retail giant valued at over $100 billion, while GameStop itself currently has a market value of only about $11 billion. Following the news, eBay's stock price surged over 10% in after-hours trading, with GameStop rising about 5% simultaneously. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit the offer as early as later this month. If the eBay board rejects the offer, Cohen may directly approach eBay shareholders for a takeover bid. Earlier this year, Cohen stated that he was looking for significant acquisition targets in the consumer and retail sectors, aiming to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion. As of the end of March, GameStop had approximately $9 billion in cash, a significant increase from $4.8 billion a year earlier, providing ammunition for this 'snake swallowing elephant' acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to pay off. GameStop investor Michael Burry, the real-life inspiration for the movie 'The Big Short,' has also publicly urged the company to use its cash reserves for transformative acquisitions. Since joining the board and becoming chairman in 2021, Cohen has garnered a large following due to his commitment to turning the company around, and he is expected to leverage his substantial online fan base to promote this deal.

[GameStop Plans to Make Acquisition Offer for eBay]According to sources, GameStop CEO Ryan Cohen is planning to make an acquisition offer to the e-commerce platform eBay, which has a market value of approximately $45 billion. The goal is to transform eBay into a retail giant valued at over $100 billion, while GameStop itself currently has a market value of only about $11 billion. Following the news, eBay's stock price surged over 10% in after-hours trading, with GameStop rising about 5% simultaneously. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit the offer as early as later this month. If the eBay board rejects the offer, Cohen may directly approach eBay shareholders for a takeover bid. Earlier this year, Cohen stated that he was looking for significant acquisition targets in the consumer and retail sectors, aiming to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion. As of the end of March, GameStop had approximately $9 billion in cash, a significant increase from $4.8 billion a year earlier, providing ammunition for this 'snake swallowing elephant' acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to pay off. GameStop investor Michael Burry, the real-life inspiration for the movie 'The Big Short,' has also publicly urged the company to use its cash reserves for transformative acquisitions. Since joining the board and becoming chairman in 2021, Cohen has garnered a large following due to his commitment to turning the company around, and he is expected to leverage his substantial online fan base to promote this deal.

GameStop Plans to Make Acquisition Offer for eBay

GAIN fluctuated by 50.18% within 24 hours, current price $0.001398

【GAIN 24-hour fluctuation over 50%!】GAIN fluctuated by 50.18% within 24 hours, current price $0.001398

GAIN 24-hour fluctuation over 50%!

According to The Information, Michael Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), is advocating for restrictions on state interventions in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's growth. Reports indicate that Selig is a sports enthusiast and has a collection of sports memorabilia in his office, reflecting his long-standing interest in the sports prediction market. Since taking office several months ago, he has quickly initiated efforts to create a more lenient federal regulatory environment for prediction markets, allowing more U.S. users to participate in prediction trading related to sports events and other outcomes.

[CFTC Chairman to Limit State Regulatory Intervention in Prediction Markets]According to The Information, Michael Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), is advocating for restrictions on state interventions in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's growth. Reports indicate that Selig is a sports enthusiast and has a collection of sports memorabilia in his office, reflecting his long-standing interest in the sports prediction market. Since taking office several months ago, he has quickly initiated efforts to create a more lenient federal regulatory environment for prediction markets, allowing more U.S. users to participate in prediction trading related to sports events and other outcomes.

CFTC Chairman to Limit State Regulatory Intervention in Prediction Markets

According to market news, Eric Trump has increased his personal wealth from approximately $190 million to $280 million through American Bitcoin. Meanwhile, the company's stock price, after significant dilution, has dropped about 92% from its peak, resulting in a loss of approximately $500 million for public investors.

[Eric Trump Increases Personal Wealth from $190 Million to $280 Million through American Bitcoin]According to market news, Eric Trump has increased his personal wealth from approximately $190 million to $280 million through American Bitcoin. Meanwhile, the company's stock price, after significant dilution, has dropped about 92% from its peak, resulting in a loss of approximately $500 million for public investors.

Eric Trump Increases Personal Wealth from $190 Million to $280 Million through American Bitcoin

According to monitoring by Beating, AI researchers Lawrence Chan and Benno Sturgeon have published a review of the paper by Pine AI's Chief Scientist Li Bojie titled 'Incompressible Knowledge Probes: Estimating the Parameter Count of Black Box Large Language Models Based on Fact Capacity.' The original paper estimated GPT-5.5 to be about 9.7T, Claude Opus 4.7 to be around 4.0T, and o1 to be approximately 3.5T using 1,400 trivia questions to 'weigh' the closed-source models. The reviewers believe that while the approach itself is valuable, the original figures were significantly inflated due to the scoring criteria and question quality. The main issue lies in the 'floor score.' The original paper divided the questions into seven difficulty levels, and when a model answered too many incorrectly at a certain level, the score could theoretically become negative; however, the code actually pulled the minimum score for each level back to 0. This inflated the performance gap of cutting-edge models on difficult questions and further increased the inferred parameter count. The paper claims this was not handled in such a manner, yet the code and published results employed this treatment. After removing the 'floor score,' the fitting slope decreased from 6.79 to 3.56. This slope can be understood as 'for every point increase in the score, how much parameter growth is translated'; a smaller slope indicates that the same score difference no longer corresponds to such an exaggerated parameter difference. The R² value dropped from 0.917 to 0.815, indicating that the 'score to parameter count' fitting curve is not as stable as in the original paper. The 90% prediction interval expanded from 3.0 times to 5.7 times, suggesting a wider margin of error and that single-point figures should not be taken seriously. The review also pointed out that 131 out of 1,400 questions had ambiguities or incorrect answers, accounting for 9.4%. The issues were mainly concentrated in the difficult questions, which were used to differentiate cutting-edge closed-source models like GPT-5.5 and Claude Opus 4.7. According to their revised criteria, GPT-5.5 was reduced from the original paper's 9659B to 1458B, with a 90% prediction interval of 256B to 8311B; Claude Opus 4.7 was reduced from 4042B to 1132B; and GPT-5 was reduced from 4088B to 1330B. The reviewers also emphasized that 1.5T should not be regarded as the true parameter count for GPT-5.5. A more accurate conclusion is that this 'trivia weighing method' is highly sensitive to scoring details and question quality, and figures like 9.7T cannot be directly used as a weight measure for closed-source models.

[GPT-5.5 '9.7T Parameter' Re-evaluated: Revised to Approximately 1.5T]According to monitoring by Beating, AI researchers Lawrence Chan and Benno Sturgeon have published a review of the paper by Pine AI's Chief Scientist Li Bojie titled 'Incompressible Knowledge Probes: Estimating the Parameter Count of Black Box Large Language Models Based on Fact Capacity.' The original paper estimated GPT-5.5 to be about 9.7T, Claude Opus 4.7 to be around 4.0T, and o1 to be approximately 3.5T using 1,400 trivia questions to 'weigh' the closed-source models. The reviewers believe that while the approach itself is valuable, the original figures were significantly inflated due to the scoring criteria and question quality. The main issue lies in the 'floor score.' The original paper divided the questions into seven difficulty levels, and when a model answered too many incorrectly at a certain level, the score could theoretically become negative; however, the code actually pulled the minimum score for each level back to 0. This inflated the performance gap of cutting-edge models on difficult questions and further increased the inferred parameter count. The paper claims this was not handled in such a manner, yet the code and published results employed this treatment. After removing the 'floor score,' the fitting slope decreased from 6.79 to 3.56. This slope can be understood as 'for every point increase in the score, how much parameter growth is translated'; a smaller slope indicates that the same score difference no longer corresponds to such an exaggerated parameter difference. The R² value dropped from 0.917 to 0.815, indicating that the 'score to parameter count' fitting curve is not as stable as in the original paper. The 90% prediction interval expanded from 3.0 times to 5.7 times, suggesting a wider margin of error and that single-point figures should not be taken seriously. The review also pointed out that 131 out of 1,400 questions had ambiguities or incorrect answers, accounting for 9.4%. The issues were mainly concentrated in the difficult questions, which were used to differentiate cutting-edge closed-source models like GPT-5.5 and Claude Opus 4.7. According to their revised criteria, GPT-5.5 was reduced from the original paper's 9659B to 1458B, with a 90% prediction interval of 256B to 8311B; Claude Opus 4.7 was reduced from 4042B to 1132B; and GPT-5 was reduced from 4088B to 1330B. The reviewers also emphasized that 1.5T should not be regarded as the true parameter count for GPT-5.5. A more accurate conclusion is that this 'trivia weighing method' is highly sensitive to scoring details and question quality, and figures like 9.7T cannot be directly used as a weight measure for closed-source models.

GPT-5.5 '9.7T Parameter' Re-evaluated: Revised to Approximately 1.5T

On April 8, U.S. Vice President Vance stated that President Trump will continue to commit to achieving a peaceful resolution to the war. (Jin Shi)

[U.S. Vice President Vance: President Trump Will Continue to Pursue a Peaceful Resolution to the War]On April 8, U.S. Vice President Vance stated that President Trump will continue to commit to achieving a peaceful resolution to the war. (Jin Shi)

U.S. Vice President Vance: President Trump Will Continue to Pursue a Peaceful Resolution to the War

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