社区 · 17510

Muse Spark 1.2 cabbage price version rolled out: OpenCode is directly free for a limited time

Compared to Twitter News, AI Alerts, Meta's Muse Spark 1.2 Contributor version is rapidly being rolled out to third-party platforms. After OpenRouter was recently installed, the price was consistent with Meta's official one: $0.10 per million tokens were input, $0.20 was output, and the cache input was only $0.002. Regular Muse Spark 1.2 costs $1.25, 4.25, and $0.15, respectively. The Contributor version is not a low-end model. It uses the same models and capabilities, at the cost that the user's input and output can be used by Meta to train and improve the product. Based on the output price, it is about 95% cheaper than the regular version. There are quite a few places where you can use it now. OpenCode Zen even made Contributor a limited-time free model. Command Code has also been added, and even the lowest Go plans can be used. Vercel AI Gateway and nanoGPT also provide APIs, where Vercel can also directly access tools such as Claude Code, Codex, Hermes, OpenCode, and OpenClaw. Artificial Analysis's latest Intelligence Index for Muse Spark 1.2 xhigh is 57. It is true that this price is already ridiculously low, but the community's actual testing and evaluation are very divided. Some people use it as a cheap replacement for DeepSeek V4 Flash, while others report that long tasks and tool calls are still not reliable enough. It is suitable for open code and low-cost experiments, while private code must first consider whether the data is willing to be handed over to Meta.

1m ago

Polygon Plans to Advance Staking and Token Economy Reform Proposals

Comparing news, Polygon co-founder Sandeep Nailwal said that in response to community calls, the team is advancing proposals for staking and token economy reforms. He revealed that Polygon's revenue has increased tenfold this year, has delivered 5k TPS, reduced block generation time by 25%, and is moving towards less than 1 second block generation time. Now it's the stakers' turn to get their due share. Key points of the proposal include: launching L1-like native staking on Polygon PoS, which can be used in parallel with Ethereum staking; priority fees for each transaction will go to POL stakers (PIP-85 has been approved; native staking can make implementation simpler); staking revenue is expected to nearly double, supported by real network fees rather than inflation; staking POL may receive additional incentives such as discounted gas fees; and SPOL remains liquid and can be used in DeFi. Polygon Labs will write the code and submit the proposal to the community forum for consideration.

1m ago

The BSC meme coin Bicat rose more than 780 times during the day, and its market capitalization once exceeded 4 million US dollars

Comparative news, according to GMGN data, the BSC meme coin Bicat rose for a short time. At one point, its market capitalization exceeded 4 million US dollars. The daily increase was more than 780 times, and now reports about 3.7 million US dollars. Narratively, Binance posted a picture of a black and yellow two-color cat in December 2025 and asked the community “What would you name this cat?” Flap's official account then replied “Bicat” under the post. Users are reminded that the price of meme coins fluctuates greatly, and investors should be aware of the risks.

6h ago

The largest HYPE bulls on the chain now surpass $53 million and have paid $4.9 million in funding fees

Comparative news, according to TradingBeats (formerly Hyperinsight) monitoring, as HYPE tokens continued to reach record highs today, the largest HYPE bulls on the chain held a 5-times leverage of 1.38 million HYPE multi-order profits of about US$53.26 million. The address has now paid US$4.9 million in capital fees for this position. On October 23, 2025, about 5 hours before Robinhood announced the launch of HYPE stock, the address opened multiple HYPE orders with about 40 million US dollars and 5 times leverage. Since the time point of entry into the heavy position was too accurate, the community suspected that there was undisclosed information, so it is also known as the HYPE coin insider whale. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

10h agoburnking

Arthur Hayes Reminder: FLOP has not been released yet, and there are no presales or meme coins

BitMEX co-founder Arthur Hayes wrote a reminder that Flop Labs has not yet issued FLOP tokens, and there are no pre-sales or meme coins. Hayes stated that FLOP is not officially launched yet, and reminded the community not to mistake related tokens appearing on the market for official assets. He said Flop Labs is expected to launch an airdrop in the next few months and plans to launch the mainnet next year. According to previous public information, the project had previously planned a large-scale airdrop in the fourth quarter of 2026, and the target time for the main network Genesis block is the first quarter of 2027. Hayes previously announced that he will be leading Flop Labs, a project aimed at building economic infrastructure for AI agents, and FLOP will be designed as a native asset for AI agents to pay for resources such as computing power and storage.

12h ago

Trump boosts AI data centers, says it will create lots of jobs and taxes

Comparing news, according to Fox News, US President Trump said earlier that any governor or local government official should welcome the construction of artificial intelligence (AI) data centers. Trump said: This will create a large number of jobs in the construction industry. We are building some of the largest factories in the world. I can say that if I were the mayor of a city or the governor of a state, and I had the chance to land a large AI factory or data center, I would definitely want it to land because it can create a large number of jobs, and the capital and tax revenue it brings in is very impressive. Trump also said that since most Americans oppose building data centers in their own communities, the AI industry needs a little help with PR.

18h ago

Kraken may become the first HIP-3 compliant deployment of CEX

Comparative news, according to Blockworks analyst Shaunda Devens, the Hyperliquid testnet has added compliance operation control functions such as whitelisting, forced liquidation, and collateral transfer. Currently, a node called Kraken HIP-3 test DEX is testing these licensing features and has whitelisted 10 wallets. Although the testnet supports unlicensed deployment, combined with Kraken's parent company's recent business expansion trends, the community speculates that Kraken may be the first CEX to test this compliant DEX feature.

1d ago

Micron Announces $100 Million Investment to Set Up Research Laboratories

Comparing news, the CEO of Micron Technology announced the establishment of Micron Research Labs (Micron Research Labs), which plans to invest 10 billion US dollars, and the investment cycle is decades long. The lab will bring together customers, suppliers, academia, government, and the broader semiconductor ecosystem to break through existing technology roadmaps and explore future possibilities. Micron said the move reflects a long-term commitment to early innovation. The company's team has accumulated more than 6.2 million patents. Micron Research Laboratories will join Micron's investment portfolio of more than $250 billion in the US manufacturing industry, and is expected to create more than 90,000 US jobs, covering fabs, engineers, technicians, apprentices, suppliers, and communities. Micron emphasized that current decisions will determine who can lead the AI economy in the future. America's AI future will be built on memories made in the US, and these memories are produced by Micron.

1d ago

US Stock Value Investing Is Heading Into Another Trap

Source: Shenchao TechFlow Original title: (Opinion: Value investing in US stocks is not equal to fundamental investment) When “fundamentals are dead” becomes a consensus, investors who blindly organize giants will eventually experience astonishing capital destruction. Guide: When the market shouted “fundamentals are dead” and the capital frenzy formed a group of tech giants, the author used an astronomy discovery to unravel the logical loopholes behind this narrative. Starting from the composition of valuation multiples, this article reminds investors to distinguish between the true quality of an enterprise and the premium that the market is willing to pay. It is particularly cautionary about long-term allocation in the crypto and technology sector. I promise this introduction won't be as long as the last one on the weather. But please give me 90 seconds. More than 100 years ago, a woman named Henrietta Levitt was doing the tedious job of measuring the brightness of thousands of stars on photographic negatives (the way they were imaged before film appeared). She noticed one characteristic of a class of pulsating stars: the slower they pulsate, the brighter they themselves are. ¹ This might just seem a little interesting today, like “OK, that's pretty cool.” But at the time, astronomers couldn't tell the difference between a dark star very close to Earth and a very bright star far away. For them, the two left the same stain on the photographic film. Visual brightness is a messy mix of these two variables: how bright the thing itself is, and how far away it is from us. Henrietta's work decouples these two things: if you can observe the rate of pulsation, you can know its true luminosity; if you know its true luminosity, you can reverse the distance based on how dark it looks. Astronomers call it “standard candlelight.” A few years later, a man named Edwin Hubble discovered one of these pulsating stars, applied Levitt's math, and discovered what he had always thought was a cloud of gas within our galaxy; in fact, it was an entire independent galaxy, one million light years away. So in simple terms, the observable universe has grown about a trillion times larger, just because one person has figured out how to tell the difference between what things look like and what they actually look like. That in itself is obviously pretty cool. But another interesting thing is that around the same time period, two other astronomers each independently drew a scatterplot. One axis was actual luminosity, and the other axis was temperature. They discovered that stars are not randomly distributed in this space, but rather clustered into different families. The meaning behind this is: stars with the exact same visual brightness may and do belong to a completely different family, have a completely different past, and most importantly, have a completely different future... So what is written in the star? Over the past few years, there has been much discussion about markets, narratives, capital, company building, and financial nihilism. This feeling seems to have reached a feverish climax as the tech and financial world begins to face a very different future than a few decades ago. What is particularly clear is that separating progress from asset prices has become more noisy and in many ways more repulsive. But as an investor who makes a living by buying assets that (hopefully) outperform, a simple framework is: forward returns are roughly equal to growth in fundamentals multiplied by changes in valuation multiples (and multiplied by the dividends you've collected along the way). In this case, the valuation multiplier can very cleanly correspond to the smudges on the photographic film. It's an observable data point, but it entangles two things that the market can't directly see: how good the company actually is, and how far (or how long) its future cash flow is now. I think most of the money that can be made comes from investors who are most capable of unraveling these two variables earlier than others (or “perception of differences”), and we will continue to see astonishing capital ruin for investors who treat their stains as stars. Value investing is not equal to fundamental investing. I think there is a misunderstood view: fundamental investing has historically dominated the creation of excess returns. Most of these legends come from the Graham, Buffett, and Tiger Foundation lineage, as well as numerous narratives built around this group of people. It is believed that by some point in the 2000s, this approach was no longer effective, and anyone who invested in this way was overwhelmed by momentum, trends, and “direct buying tech giants.” The conclusion was (and still is?) It's “fundamentals are dead.” ² The modern version of “fundamentals don't matter” itself isn't stupid. It's rooted in a lot of ideas that many of us on the Compound team have written before. The biggest companies get the most mechanical purchases, and the software industry has a winner-take-all economic law. AI means that giants can transform scale into moats faster than challengers, and there are also reasons why the market's microstructure embeds momentum more deeply into our market infrastructure. These are all real...

1d ago深潮TechFlow#US stocks

Millions of dollars are rushing into the market, but some are in a hurry to exit: Pharos's high-interest treasury causes a “view of time” collision

Article: Sanqing, Foresight NewsSharos Network joined forces with Vault infrastructure agreement R25 and credit asset management agency Axil to launch Axil Prime Credit Vault (APC), an institutional consumer credit RWA wealth management product issued by Pharos on July 15. The products were launched simultaneously with Binance Wallet, TopNod, OKX Wallet, Bitget Wallet, and KuCoin Wallet, with a total fundraising limit of 100 million USDC, with a target annualization of about 14.3%. As of the closing of the deposit window, a total of $45.39 million had been deposited. This year, there have been frequent security explosions in Web3 on-chain strategies. User funds are looking for new stable income sources, and project parties are also there. Binance Wallet is now offering an additional $300,000 PROS as an incentive to explore RWA Vault's market space, causing the Vault to generate a lot of discussion in the market. The launch time coincided with the redemption period of the Pharos TGE pre-deposit campaign. The previous treasury required the submission of a redemption application about half a month before the end of the lockdown period, stop accruing interest on July 20, and complete the redemption within 7 days. Users accustomed to DeFi T+0 looked back and found that they couldn't help but missed the redemption period and began to question the redemption time and asset safety. R25 and Axil then held an AMA at Binance Square. Well-known KOLs such as Haotian and Tianqing participated in discussions, detailing the differences between RWA assets and DeFi Vault, the role of fund managers (Curators), why consumer credit is worth allocating, and risk management methods from pre-investment to post-investment. In complex asset logic and mixed social media discussions, some users put in one million funds on the last day, while others sought early redemptions from the project party. On July 23, Pharos issued an announcement: Users who submitted applications on time in the previous issue have received all principal and interest, breaking the “financial security” concerns; funds that missed the window will automatically be carried forward to the next three-month cycle according to the treasury's preset rules, and interest will continue to be accrued at 14% USDC per annum. The controversy revealed more important issues than the redemption itself. Although the RWA TVL has exceeded $38 billion, non-institutional chain users are clearly dissatisfied when investing in RWA products. Institution-driven, stable, and high interest rates, but often require longer lockdown periods and complex understanding costs. From DeFi to RWA, is the market really ready? High yield, low threshold, and high liquidity. BlackRock's “impossible triangle” of RWA's BUIDL threshold is $5 million. It is only open to qualified buyers, yet it can be redeemed almost instantly through the stablecoin channel; the APC threshold is so low that ordinary users can buy it at will; instead, it must be locked for three months. Liquidity has never been determined by how high or low the threshold is, but rather how quickly the underlying assets can be realized. The bottom layer of BUIDL is US treasury bonds, and the world's deepest secondary market can take over at any time; the bottom layer of APC is hundreds of thousands of emerging market consumer loans, and few people are ready to buy large amounts of capital at any time. This has formed a triangle that RWA cannot bypass at this stage: high yield, low threshold, and high liquidity; the three can only take two. For example, Franklin Templeton's BENJI starts at $20 (low threshold) and supports daily redemption (high liquidity), and the annualization is only 3% to 5%; if you want double-digit returns, you have to accept non-standard assets and a lock-up period. This is the liquidity premium. A significant portion of the excess income is the consideration for abandoning liquidity. APC, on the other hand, is a combination of high returns and a low threshold, and the cost is liquidity. There is nothing wrong with this trade-off itself; it also explains the full source of this controversy. Retail investors have obtained assets that were originally only open to institutions, and they have also taken over the agency's time rules that focus on long-term matching. The period of use of institutional funds is scheduled before investment, and the lockdown period is a predictable cost; private equity credit and closed-end funds already have redemption restrictions. However, most ordinary users on the chain are not the same; most of the latter's first appeal is to go in and out. So the current “retail” RWA is mostly just distribution-side retailing, to be precise. Web3 wallets and low initial investment amounts have contributed to a low threshold, but the liquidity structure is still designed according to institutional logic. Having understood this triangle, the remaining questions became specific: why must the liquidity side be sacrificed, a high income of 14.3%...

2d agoForesight News#WEB3