OpenAI releases GPT-4.1 and is sued in the US International Trade Court

Headline

▌OpenAI releases GPT-4.1, performance skyrocketed

At 1 a.m. today, OpenAI conducted a technical live broadcast and released its latest model, GPT-4.1. In addition to GPT-4.1, there are two models, GPT 4.1-Mini and GPT 4.1-Nano, which have achieved significant improvements in multimodal processing, code capabilities, instruction compliance, and cost. In particular, it supports 1 million token contexts, which is of great help in financial analysis, novel writing, education and other fields. Due to the release of GPT-4.1, OpenAI announced that it will phase out the recently released GPT-4.5, which shows its capabilities. (AIGC Open Community)

As previously reported, the founder of OpenAI said that GPT-4.1 is now available in the API.

▌Trump Administration Sued in U.S. Court of International Trade Over Tariffs

A legal advocacy group filed a request with the U.S. Court of International Trade on Monday to block President Trump's sweeping tariffs on foreign trading partners, arguing that the president exceeded his authority. The lawsuit was filed by the legal advocacy group Liberty Justice Center on behalf of five U.S. companies that import goods from countries affected by the tariffs. "No individual has the power to impose taxes that have such a huge impact on the global economy," said Jeffrey Schwab, senior counsel at the Liberty Justice Center, in a statement. "The Constitution gives Congress, not the President, the power to set tax rates, including tariffs."

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $83,929.98, with a daily increase or decrease of -1.7%;

ETH's latest transaction price is $1,604.01, with a daily increase or decrease of -2.5%;

BNB's latest transaction price is $584.41, with a daily increase or decrease of -2.0% ong>；

SOL's latest transaction price is $129.08, with a daily increase or decrease of -2.7%；

DOGE's latest transaction price is $0.1636, with a daily increase or decrease of -2.4%；

XPR's latest transaction price is $2.13, with a daily increase or decrease of -1.8%.

Policy

▌South Korea blocks 14 undeclared crypto exchange apps including KuCoin and MEXC

South Korea's Financial Intelligence Unit (FIU) said it has asked Apple to block 14 applications of overseas undeclared virtual asset operators, including KuCoin and MEXC, whose apps have been blocked since April 11. The statement pointed out that "undeclared business activities will face criminal penalties" and the FIU has continued to target undeclared foreign operators and also blocked access through Internet websites. The FIU stressed that "in the future, we will consult with relevant agencies to continue blocking such apps and websites to prevent money laundering risks and user losses."

Blockchain Applications

▌Vitalik: The rise of AI makes encrypted privacy "cannot be ignored anymore"

Ethereum founder Vitalik Buterin said in a new blog post: "Today, privacy can no longer be ignored. AI has greatly improved the ability of centralized data collection and analysis, and has also expanded the scope of data we voluntarily share." He emphasized that zero-knowledge proof (ZK), fully homomorphic encryption (FHE) and obfuscation technology "far exceed the imagination of cypherpunks in the 1990s." He warned: "The most pressing risk is that privacy will approach an all-time low, and this imbalance will allow the most powerful individuals and countries to access everyone's data, while others know almost nothing."

▌HKEX: Open to using technologies such as blockchain to solve existing carbon market problems

HKEX Group Chief Sustainability Officer Zhou Guanying said that the use of new technologies such as blockchain may make the tracking of carbon credits more transparent and efficient, and facilitate cross-border transactions. Therefore, the Hong Kong Stock Exchange is open to using technologies such as blockchain to solve existing carbon market problems.

Cryptocurrency

▌The U.S. Securities and Exchange Commission (SEC) has postponed its decision on physical subscriptions and redemptions for WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs to June 3

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on physical subscriptions and redemptions for WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs to June 3, 2025. Physical transactions involve the direct exchange of underlying assets, such as Bitcoin and Ethereum, rather than cash. NYSE Arca and Cboe BZX are exchanges associated with these proposals.

▌Mantra CEO: OM token recovery is the top priority

Mantra CEO John Mullin responded to community concerns after the OM token plunge. He assured that Mantra and its partners are driving the recovery of OM tokens, but the details of the buyback and destruction are still being worked out. "We are still in the early stages of developing a potential token buyback plan," he said. In addition, Mullin called the recovery of the OM token a top priority for Mantra. He denied the allegations that major investors sold OM tokens and that the team controlled 90% of the token supply, emphasizing that the allegations were unfounded and referring to the release of a community transparency report. Mullin mentioned that "the largest holder of OM on the exchange is Binance" and directed the public to check Etherscan records. However, the largest holder of OM wallets at present is the crypto exchange OKX, which holds 14% of the circulating supply, about 130 million tokens. Mullin also introduced the $109 million Mantra Ecosystem Fund (MEF) in cooperation with strategic investors, saying that the fund contains "US dollar commitments and contributions" and will continue to invest in supporting the ecosystem. He said: "As part of the recovery plan, we will continue to invest and support the ecosystem. "In addition, he revealed that the 38 million OM transferred to Binance's cold wallet on April 14 was related to a staking program of Binance, and Binance returned the tokens due to the end of the program. He also pointed out that many of the transactions that caused community reactions after the crash involved collateral from an unnamed exchange. "For some reason, the exchange decided not to maintain this position. Therefore, the exchange that received the collateral took over these positions and began to sell them, triggering a series of selling pressure and forcing more positions to be liquidated."

Important Economic Dynamics

▌New lawsuit questions the legality of Trump's reciprocal tariffs

A lawsuit filed on Monday questioned the legality of US President Trump's comprehensive tariffs around the world. Liberty Justice, a liberal-leaning public interest law center based in Texas, Center filed the lawsuit in the U.S. Court of International Trade on Monday on behalf of five owner-operators that are allegedly harmed by the new tariffs. It is the most extensive legal action yet against Trump's scaled-back tariffs. The lawsuit claims that Trump improperly used a 1970s law, the International Emergency Economic Powers Act, to implement much of his tariff regime and that the president is encroaching on the authority of Congress. Center is asking the court to issue a broad order blocking the full imposition of tariffs under IEEPA; the court has nationwide jurisdiction to hear cases involving international trade.

▌Goldman Sachs CEO: The probability of a U.S. recession "has increased"

Goldman Sachs CEO Solomon said on Monday that the probability of a U.S. recession "has increased," citing factors such as uncertainty over the trade war and companies' uncertainty about how to plan for the future. Solomon said that entering the second quarter, our operating environment is significantly different from earlier this year, economic growth has been "slowing," and the implementation of Trump's new trade policy has "significantly changed the outlook for future global growth." Solomon also pointed out that concerns about significant near-term and long-term uncertainties limit the ability of clients to make important decisions, and uncertainty about the future path poses a "significant risk" to the U.S. and global economies.

▌The probability of the Federal Reserve keeping interest rates unchanged in May is 79.7%

According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in May is 79.7%, and the probability of a 25 basis point rate cut is 20.3%. The probability of the Federal Reserve keeping interest rates unchanged by June is 24.5%, the probability of a cumulative rate cut of 25 basis points is 61.5%, and the probability of a cumulative rate cut of 50 basis points is 14.1%.

Golden Encyclopedia

▌What is Compressed NFT?

Compressed NFT is a non-fungible token (NFT) designed to reduce the cost of storing and using NFTs for transactions on the Solana blockchain. Compressed NFTs offer several key advantages that stand out in the blockchain ecosystem. They are affordable and significantly reduce minting and storage costs, enabling creators and businesses to use blockchain technology without financial barriers. Additionally, cNFTs contribute to greener blockchain practices by reducing storage requirements and, therefore, energy usage. These attributes make cNFTs a potential game changer for scalable, environmentally friendly, and innovative applications.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to raise your risk awareness.