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In Brief OpenAI launched GPT-6 Astra on September 3, calling it its most capable ChatGPT model yet. Astra is strongest at multi-step computer tasks, advanced coding, scientific work, difficult maths, and using software with less human supervision. ChatGPT Plus users paying $20 a month are set to get standard Astra access. Have you heard of AGI? Artificial General Intelligence. It’s the idea that AI can handle cognitive work at a human level. For years, it was just hypothetical, a Hollywood...

BitcoinWorld Bernstein Reaffirms $190 Price Target for Circle, Points to ARC Token Presale as Key Buffer Bernstein has reaffirmed its Outperform rating and $190 price target for Circle (CRCL), according to a report by The Block. The investment firm highlighted that the company’s recent $222 million ARC token presale provides a meaningful financial buffer against concerns over declining interest income amid falling interest rates. Why the ARC Token Presale Matters The […] This post Bernstein...

Circle's $222 million ARC token presale has given Wall Street a new way to value the USDC issuer, while raising a harder question for one of crypto’s most profitable alliances. On May 11, Circle said investors led by a16z Crypto backed the presale of ARC, the native token for Arc, its planned public blockchain for […] The post Circle adds $3 billion Wall Street Arc token risking an uncomfortable rivalry with Coinbase appeared first on CryptoSlate.

A16z led the investment round, while other big names that were involved include Apollo Funds and ICE.

The world’s biggest oil companies delivered a turbulent set of first‑quarter earnings, underscoring how the war in Iran and the closure of the Strait of Hormuz have distorted both profits and physical flows.  While Shell and BP beat expectations on the back of strong trading and higher prices, ExxonMobil and Chevron reported headline profit declines, blaming “paper losses” from hedging mismatches.   ExxonMobil and Chevron: Profits hit by timing effects   ExxonMobil reported net income of $4.2...

Shell dividend climbs 5% following strong Q1 financial performance Shell reported a strong first quarter, with adjusted earnings the company's definition of net profit, rising to $6.92 billion.  The figure, announced Thursday, significantly surpassed both the $5.58 billion reported a year ago and the analyst consensus of $6.36 billion. Shell plc is also set to return $3.0 billion to shareholders after announcing the immediate commencement of a new share buyback program that is expected to run...

Shell Plc has agreed to acquire Canadian energy producer ARC Resources Ltd. in a deal valued at about $13.6 billion, as the oil major looks to strengthen its reserves base and expand production. The transaction, which also includes the assumption of roughly $2.8 billion in debt, values ARC at a premium to its recent trading levels and marks a renewed push by Shell into North American shale assets. The company will fund the deal with a mix of approximately 25% cash and 75% shares. Shell said...

BitcoinWorld Atomicals Market Shutdown: The Stunning Closure of a Leading ARC-20 Marketplace on April 30 In a significant development for the digital asset ecosystem, Atomicals Market has confirmed its definitive shutdown scheduled for April 30, 2025, marking the end of a key platform for trading ARC-20 tokens and Atomicals digital artifacts. This announcement, made public earlier this week, sends ripples through the community of collectors and developers built around Bitcoin-based […] This...

Lighter reported that its upgraded liquidity pool system successfully limited ADL losses to a pre-determined threshold.

Lighter, a decentralized perpetual futures trading platform, reported that its liquidity protection system was tested during a market move involving the ARC perpetual contract, resulting in an $8.2 million loss for a single trader while limiting losses to its liquidity pool. According to a series of posts published by the platform, a trader accumulated a […] Read The Full Article Lighter Limits LLP Loss to $75K as ARC Perp Triggers $8.2M Hit On Coin Edition.