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More →Arthur Hayes Plans to Build Derivatives Around AI Compute
Arthur Hayes published a new essay on October 27 outlining futures and perpetual swaps tied to Flop Network’s proposed compute market, where AI agents would pay for computing power using FLOP. The plan aims to establish a reference price for compute that traders could use to build financial contracts around the resources AI systems consume. In a post on X, Hayes called his essay “The Trifecta” and <a href="https://x.com/CryptoHayes/status/2114857087004201325?s=20" rel="nofollow" target="_blank">described</a> it as a blueprint for entrepreneurs seeking to build derivatives for the AI agent economy. His central idea is that a liquid spot market for computing power could <a href="https://cryptohayes.substack.com/p/the-trifecta" rel="nofollow" target="_blank">provide</a> the pricing benchmark needed for futures and perpetual swaps. The proposed Flop Reference Compute Rate (FRCR) would be calculated hourly using a volume-weighted FLOP price per GigaFLOP of computing capacity. Quarterly futures would settle on the last Friday of March, June, September, and December, with contracts using US dollars for margin and profits. Hayes explained that the dollar-based structure would require a quanto derivative, a contract whose payout uses a different currency from its underlying asset. Because the compute market would be priced in FLOP while traders could prefer dollar-denominated returns, pricing the contract would require an adjustment for the relationship between the FRCR and the FLOP-to-dollar exchange rate. The proposed perpetual swap would use an eight-hour time-weighted average of the difference between its trading price and the FRCR to calculate funding payments. As with crypto perpetuals, traders on the expensive side of the contract would pay those on the cheaper side, depending on the premium. Market makers could recreate futures exposure by buying or supplying Flop Compute Units (FCUs), which represent reserved inference capacity for a specified AI model and delivery time. Hayes’s design also requires suppliers to post FLOP bonds, which they risk losing if they fail to deliver the promised computing work. The derivatives proposal depends on Flop Network first establishing a functioning spot market. Hayes argues that existing indexes tracking chip rental prices and individual AI token prices provide incomplete information because both are derivatives of the underlying cost of computation. Under his design, network blocks would record inference tasks, the computing work completed, and the fees paid to miners. Those receipts would help calculate the exchange rate between FLOP and computing capacity, giving buyers and suppliers a common reference. Hayes <a href="https://cryptopotato.com/arthur-hayes-called-ai-a-bubble-now-hes-launching-an-ai-project/" rel="nofollow" target="_blank">introduced</a> Flop Labs in August 2026, describing its proposed native token FLOP as “food for your AI agent.” In an August 27 explanation, the project <a href="ht
Discord is making public chats searchable on Google: How to opt out
Discord conversations on large public servers will soon reach audiences far beyond their communities, raising privacy concerns. Discord is making a policy change that will make conversations from its largest public servers discoverable in search engines, including Google, raising privacy concerns among users whose conversations were previously confined to the platform. The change applies to Discoverable Servers — communities with at least 1,000 members listed in Discord’s public directory that do not require an invitation to join. From Nov. 16, every Discoverable Server will have a web page that may include summaries of public channel discussions. From mid-December, individual messages posted in eligible channels may appear in web search, Discord<a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" target="_blank">> <span>said</span></a> Tuesday. Messages posted before the rollout will not be included, while usernames and avatars will be excluded from published messages. Example of an individual message being shown online. Source: <a href="https://discord.com/blog/making-content-from-discoverable-servers-easier-to-discover" rel="nofollow noopener" aria-label="Source: Discord" target="_blank">Discord</a> Discord said the shift of online communities from message boards to its servers had made useful answers harder to find. “This has led to valuable information being locked in Discord conversations, inaccessible to the wider internet. We want to fix this,” the company said. The move has <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/comment/19rr367kxqlk2/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button" rel="nofollow noopener" target="_blank">><span>drawn</span></a> criticism from users concerned about their conversations reaching an audience outside of their intended community, even if the servers are public in the first place. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/starknet-introduces-wallet-privacy-feature-for-defi-activity" target="_blank" rel="nofollow"><span><em><strong>Starknet introduces wallet privacy feature for DeFi activity</strong></em></span></a> Others welcomed the change, saying it could make useful answers easier to find. One user in Discord’s announcement thread <a href="https://www.reddit.com/r/discordapp/comments/1xgxb68/official_megathread_discoverable_servers_are/" rel="nofollow noopener" target="_blank">><span>called</span></a> it “very much necessary,” while another said moving communities from forums to Discord had made their discussions harder to find through search. The change could also affect cryptocurrency communities that use Discord for technical discussions, support and project announcements. Cointelegraph found nearly 800 servers tagged “cryptocurrency,” around 1,400 tagged “trading” and more than 700 tagged “finance” in Discord’s public directory. Disc
Bitcoin's market capitalization share stands at 59.47%.
CoinWorld data: Under CoinWorld's unified market methodology, Bitcoin's market capitalization accounts for 59.47% of the total cryptocurrency market capitalization.
Liquid AI发布LFM3，1.7B小模型跑网页Agent胜过9B
Liquid AI has released its third-generation foundation model, LFM3, unveiling six small models with approximately 2 billion parameters at once, covering text, vision, speech, and decision-making tasks. Among them, the 1.7B text model supports a 256K context, and its 4-bit quantized weights are only about 1GB. All six models support fine-tuning on a single GPU, allowing enterprises to train them specifically with their own data and then deploy them to phones, computers, or private servers. Compared with the previous generation LFM2.5-2.6B, the new models have about 35% fewer parameters, yet their performance on some tasks has improved substantially. In official tests, LFM3-1.7B scored 38.42 on the WebArena-verified browser operation task, compared with only 3.02 for the previous generation, and it surpassed Qwen3.5-9B (28.94), which has about 5 times its parameter count. On the AutomationBench enterprise workflow test, its task success rate reached 41.29%, while Qwen3.5-9B scored 15.10%. However, LFM3-1.7B's performance declined somewhat on complex programming and long-text tasks.
Unilever warns: Iran war drives up costs, with further price increases to come.
Unilever said on Wednesday that it expects product price increases to expand further in the fourth quarter and next year. As costs related to the Iran war continue to accumulate, the company is acting in line with other consumer goods manufacturers to pass on the pressure of rising costs to consumers. Major companies including Coca-Cola, Procter & Gamble, Nestlé, and Reckitt have all warned that they may further raise product prices next year to offset the impact of the war launched by the United States and Israel against Iran at the end of February.
U.S. regulators plan to introduce new rules to speed up the approval of liquefied natural gas projects.
U.S. regulators proposed new rules on Wednesday to speed up the construction of liquefied natural gas (LNG) projects and expand export capacity. This is part of the Trump administration's broader effort to accelerate energy infrastructure development and lower consumer costs. The United States is currently the world's largest LNG exporter and is expected to add another 100 million tons of annual LNG production capacity by the end of this decade. U.S. Transportation Secretary Sean Duffy said the new rules proposed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) will help operators adopt new technologies to save costs and improve safety, and that the use of these technologies can save $100 million in expenses each year. The proposed rule updates PHMSA's safety framework for LNG facilities and incorporates the National Fire Protection Association's standards for the siting, design, construction, operation, and maintenance of LNG facilities.
Yibo Technology: Subsidiary plans to sign a RMB 1 billion investment agreement for a high-end PCB manufacturing project for AI computing power.
BiJie Network News: [Yibo Technology: Subsidiary plans to sign a 1 billion yuan investment agreement for a high-end AI computing power PCB manufacturing project] Cailian Press, October 28 - Yibo Technology (301366.SZ) announced that its wholly-owned subsidiary Zhuhai Yibo Electronics plans to sign an investment agreement for a high-end AI computing power PCB manufacturing project with the Zhuhai Economic and Technological Development Zone Management Committee, with a total planned investment of approximately 1 billion yuan, including approximately 600 million yuan in fixed asset investment. The project will mainly produce high-end PCBs for fields such as ATE, AI computing power, optical modules, servers, industrial control, communications, automotive, and medical equipment, with a designed capacity of 80,000 square meters per month and an annual capacity of approximately 1 million square meters after full production.
Yibo Technology: Net profit in the first three quarters increased by 834.98% year-on-year; Q3 net profit increased by 85% quarter-on-quarter.
According to CoinWorld news, Yibo Technology (301366.sz) announced that its third-quarter operating revenue was 531 million yuan, up 80.76% year-on-year, and the net profit attributable to shareholders of the listed company was 96.7504 million yuan, up 625.64% year-on-year. In the first three quarters, operating revenue was 1.240 billion yuan, up 56.11% year-on-year, and the net profit attributable to shareholders of the listed company was 161 million yuan, up 834.98% year-on-year. The performance growth was mainly driven by the revolutionary momentum brought by the development of the artificial intelligence industry in recent years. The company's customer structure and business structure have been continuously optimized, mass-production orders for products from acquired customers have grown rapidly, and customer stickiness has been further enhanced.
The Ukrainian parliament passed the 2027 budget in its first reading.
CoinWorld news: The Ukrainian parliament passed the 2027 budget in its first reading.
Data analytics platform Hex raises $100 million at a $1.2 billion valuation.
CoinWorld data: Data analytics platform Hex has completed $100 million in funding at a valuation of $1.2 billion. The round was led by Peak XV and 137 Ventures, with participation from Amplify, Avra, A16Z, Redpoint, Sequoia, and Zero Prime. Meanwhile, Hex has released Hex 4.0, built on an AI-agent-native architecture.