Crypto Update

In brief Researchers from the Google Cloud AI team have unveiled PaperOrchestra, an AI system that converts scattered research materials into submission-ready academic papers. The framework uses five specialized agents to handle literature reviews, figure generation, and manuscript formatting without human intervention. In human evaluations, researchers said that PaperOrchestra outperformed baselines by 50%-68% in literature…

In brief Meta expanded its AI cloud agreement with CoreWeave, now valued at $21 billion. The deal runs through December 2032 and supports Meta’s AI inference workloads. The infrastructure rollout will include early deployments of Nvidia’s Vera Rubin platform. Meta and CoreWeave have expanded a long-term artificial intelligence infrastructure agreement worth about $21 billion, extending…

In brief Enterprise AI agents drive 40% of OpenAI revenue, according to its chief revenue officer. Multi-agent systems replace simple AI productivity tools, the OpenAI exec said. OpenAI is betting on agents as default business interface for its business model. Enterprise revenue now makes up more than 40% of AI behemoth OpenAI’s total revenue, according…

In brief Google is rolling out an AI avatar feature for YouTube Shorts creators. Users can generate videos of themselves speaking or performing scripted prompts. The launch comes as AI video tools spread across the tech industry. Google is rolling out a new AI feature for YouTube Shorts that lets content creators generate short videos…

In brief Bitcoin and Ethereum open interest soared by more than $2 billion each in the last 24 hours, according to CryptoQuant. The surge has led to rising crypto prices as signs begin to point towards improving macro conditions. Both leading cryptocurrencies are up more than 7% in the last week. A surge in open…

In brief OpenAI is joining Anthropic in locking down its most powerful cyber AI, according to a new report. Frontier models and products now appear to be too risky to release publicly. Top-tier AI is shifting to invite-only, controlled access. OpenAI is currently building a cybersecurity product it plans to release exclusively through its “Trusted…

In brief Canary Capital filed an application Wednesday for a Pepe ETF, yet the meme coin’s price reaction was muted. Dogecoin is ranked 17th out of all crypto ETFs that CoinShares tracks, generating $13 million worth of year-to-date inflows. “They’re just not popular with investors,” CoinShares’ James Butterfill told Decrypt, in reference to crypto ETFs…

In brief Florida Attorney General James Uthmeier announced an investigation into OpenAI and its ChatGPT chatbot. The probe cites national security concerns and alleged links between ChatGPT and criminal activity. Similar scrutiny and lawsuits have also targeted other AI chatbots, including Grok and Google’s Gemini. Florida Attorney General James Uthmeier said Thursday that his office…

In brief TD Cowen reiterated a “buy” rating for Bitcoin treasury firm Strategy, despite cutting its price target. The company initiated coverage on Ethereum treasury company Sharplink, also calling it a “buy.” Analysts said that Ethereum staking rewards should cover all of Sharplink’s operating costs, even if the price of ETH stays down. TD Cowen…

In brief Crypto firms and government agencies teamed up in “Operation Atlantic,” designed to stop crypto fraud schemes and approval phishing campaigns. The sprint led to $12 million in frozen funds and $45 million in total traced funds believed to be related to crypto fraud. Held at the U.K.’s NCA headquarters in London, the operation…