1.a16z: Why we invested in Yupp

Modern AI systems rely not only on computing power and algorithms, but also on human feedback. Companies use post-training optimization techniques such as human feedback reinforcement learning (RLHF) and direct preference optimization (DPO) to improve models. These techniques can reduce bias and enable models to respond to prompts with higher quality and more coherent responses - which is critical to accelerating AI development. Model evaluation is also critical, but model optimization can only be achieved if you first define what "better" is.

2. Binance Alpha Points-Brushing Artifact ZKJ, KOGE Flash Crash Mechanism Loophole Hunting

Because these two tokens have extremely high LP annualized returns and extremely low slippage wear experience. Therefore, they have become the preferred tokens for Binance Alpha Points-related income points brushing, but because it is a tool for brushing points, its price fails to truly reflect the market value, which lays a hidden danger for flash crashes. At the same time, the project party deliberately constructed a deformed path of insufficient unilateral liquidity of KOGE, and exit must be exchanged through ZKJ, which makes KOGE's liquidity highly dependent on ZKJ. When the market fluctuates, this structure is prone to cause a chain stampede reaction.

3. Military parade or birthday party? Who are the giants sponsoring the US military parade?

On June 14, 2025, US President Trump held a military parade to celebrate the 250th anniversary of the founding of the US military. Coincidentally, this day also coincided with Trump's 79th birthday. This military parade was the largest military parade in Washington in decades, with dozens of tanks and war vehicles driving through the streets of Washington and nearly 7,000 soldiers participating. The military parade even held a celebration for Trump's birthday. When Trump arrived at the scene, 21 salutes were fired and the crowd shouted "Happy Birthday to you." Click to read

4. Strategic Intentions and Policy Implications of the US Stablecoin Act

The new US government's cryptocurrency policy framework has returned to the main line of "supporting innovative development". The Stablecoin GENIUS Act passed by the US Senate recently embodies five significant characteristics, which clearly reflects the United States' strategic intention to dominate the development of the global stablecoin market: it is necessary to achieve both the dominance of US dollar stablecoins and the dominance of US issuers. Click to read

5. The Fed does not release water. Is it the end of altcoins or rebirth?

The price of Bitcoin has repeatedly rubbed between $100,000 and $110,000, with the implied volatility approaching a one-year low and the actual volatility hitting a record low. The market is like a stagnant pool of water, with ETF fund inflows slowing down and futures positions continuing to decline, and investor sentiment has fallen into a "lying flat" mode. Some traders even joked: "Buying options now is like betting on the weather forecast. The hope for July has been postponed to September."Click to read