Crypto News
Google says its updated Gemini 2.5 Pro AI model is better at coding

Google on Thursday introduced an replace to its Gemini 2.5 Professional preview mannequin that the corporate claims is healthier at sure programming duties.
The corporate’s calling it an “up to date preview,” constructing on the improve to Gemini 2.5 Pro that Google introduced round a month in the past. Google says the mannequin will roll out normally availability in a “couple of weeks” and is accessible beginning at this time in its AI developer platforms AI Studio and Vertex AI and the Gemini app.

“[Gemini 2.5 Pro] continues to excel at coding, main on troublesome coding benchmarks,” Google wrote in a weblog put up. “It additionally exhibits top-tier efficiency [on] extremely difficult benchmarks that consider a mannequin’s math, science, information, and reasoning capabilities.”
So what else is new? Google says it addressed suggestions from its earlier 2.5 Professional launch, enhancing the mannequin’s fashion and construction. Now 2.5 Professional might be “extra artistic with better-formatted responses,” Google claims.
Crypto News
SEC Fumbled Ball on Digital Large Cap Fund ETF listing

Attorneys for digital asset supervisor Grayscale pushed again in opposition to the US Securities and Alternate Fee’s (SEC) delay on approving its Digital Massive Cap exchange-traded fund (ETF) in a letter despatched on Tuesday.
The SEC’s Division of Buying and selling and Markets initially approved the ETF proposal, however the SEC’s Workplace of the Secretary determined to assessment the motion instantly afterward, halting the choice, Grayscale’s attorneys stated.
This violates the “statutory approval or disapproval deadline” set by the SEC and conflicts with established process, in keeping with the attorneys. The letter learn:
“The implications of a failure to satisfy the statutory approval or disapproval deadline, whatever the cause, are clear: underneath Part 19(b)(2)(D), the rule proposal is deemed authorised. Grayscale, the Alternate, and the Fund’s present buyers are struggling hurt on account of the delay within the public launch of the Fund.”
Grayscale’s conversions of its crypto-based trusts, which had been among the earliest crypto investment vehicles, into ETFs sign the maturation of the crypto business from a distinct segment market right into a mainstream asset class obtainable to conventional monetary buyers.
Associated: Bitcoin investors have now splashed over $50B on US spot ETFs
SEC considers simplifying ETF approval course of
Inventory exchanges, fund managers and the SEC are exploring simplifying the ETF approval process for choose crypto funding autos.
The expedited course of would automate parts of the present software procedures, permitting sure ETF issuers to bypass 19b-4 filings solely, journalist Eleanor Terrett said in a submit on X.
SEC Chair Paul Atkins not too long ago reaffirmed the company’s dedication to regulatory reform and ending regulation through enforcement to encourage innovation within the US.
“My complete objective is to make issues clear from the regulatory side and provides individuals a agency basis upon which to innovate and are available out with new merchandise,” Atkins told CNBC in July. Simplifying the itemizing course of might open the floodgates and launch a torrent of latest digital asset funding autos, together with altcoin ETFs, tokenized funds, and tokenized shares, giving conventional market buyers entry to crypto. The elevated publicity might additionally deliver recent capital injections into the crypto markets, driving asset costs up. Journal: SEC’s U-turn on crypto leaves key questions unanswered
Robinhood Crypto is underneath investigation in Florida for allegedly falsely promoting its platform because the least costly means to purchase crypto. In a Thursday press statement, Florida Legal professional Basic James Uthmeier stated his workplace has proof to counsel that crypto merchants truly pay extra, on common, when utilizing Robinhood than when utilizing competing platforms. “Crypto is an important element of Florida’s monetary future, and President [Donald] Trump’s efforts to advance the crypto market will make America stronger and wealthier. When customers purchase and promote crypto property, they deserve transparency of their transactions,” Uthmeier stated. “Robinhood has lengthy claimed to be the perfect cut price, however we consider these representations had been misleading.” On the coronary heart of Uthmeier’s allegation is Robinhood’s fee for order move (PFOF) enterprise mannequin. PFOF permits Robinhood to supply commission-free buying and selling by as an alternative producing income from routing its buyer trades via market makers in trade for a reduce of the income. Critics of the apply — which Robinhood additionally makes use of for inventory buying and selling — have complained that PFOF presents an inherent battle of curiosity, probably incentivizing the corporate to route clients’ trades via the market maker providing probably the most fee, not the one with the perfect value for patrons. In 2020, Robinhood paid $65 million to settle a U.S. Securities and Trade Fee (SEC) enforcement motion alleging that the corporate misrepresented the standard of its executions of buyer trades. Robinhood didn’t admit or deny the SEC’s findings. Beneath former Chair Gary Gensler, the SEC thought-about banning PFOF however finally didn’t. PFOF is banned in the UK and will likely be banned within the European Union starting subsequent yr. Robinhood CEO Vlad Tenev has lengthy defended the apply, telling CNBC in 2023 that PFOF was “inherently right here to remain.” “Our disclosures are best-in-class — We disclose pricing data to clients throughout the lifecycle of a commerce that clearly outlines the unfold or the charges related to the transaction and the income Robinhood receives. We’re proud to be a spot the place clients can commerce crypto on the lowest value on common,” stated Robinhood Markets Basic Counsel Lucas Moskowitz in an emailed assertion. Uthmeier’s subpoena is searching for a slew of data from Robinhood, together with documentation of how the platform determines pricing for transaction rebates or PFOF practices with market makers, paperwork containing comparative value analyses of different crypto exchanges, and paperwork regarding the sale or entry of customers’ crypto buying and selling knowledge. Robinhood has till the tip of the month to reply to the Uthmeier’s subpoena. Jennifer Garner and John Miller show rare PDA at charity event OpenAI hires team behind AI recommendation startup Crossing Minds 12 Things Florida Grandparents Always Had in Their Kitchens That Made You Feel at Home Taylor Swift all smiles as she supports Travis Kelce at training camp in Nashville Jeff Bezos and Lauren Sánchez keeping A-list guests in the dark about top-secret wedding events 23 Small Ways to Make Life Simpler Rob Kardashian Makes Rare Appearance on Instagram: See the Photos! Margaret Cho disses ‘mean girl’ Ellen DeGeneres in scathing interviewCrypto News
Robinhood Probed by Florida AG’s Office Over Allegedly ‘Deceptive’ Crypto Pricing Claims
Crypto News
12-Year-Old Bitcoin Fortune Springs to Life—$47M Shifted to Bitgo as BTC Hits Record High
As bitcoin climbed to a contemporary file of $118,839, a long-dormant stash relationship again to 2013 instantly sprang to life—400 BTC moved for the primary time in effectively over 12 years. Whale Reawakens: Dormant 2013 Bitcoin Cache Strikes to a Custodian The blockchain parser btcparser.com reveals a large trove of dormant cash stirred to life […]