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Coinbase Wants to Bring Back an Old Crypto Trend That Ended in Disaster

Coinbase Wants to Bring Back an Old Crypto Trend That Ended in Disaster

Coinbase has announced the upcoming launch of a new token sales platform that will allow U.S. retail investors to participate in initial coin offerings (ICOs) for the first time since the token sale hysteria of 2017 and 2018, which eventually ended in disaster for many crypto speculators. The move to launch this platform comes just a few weeks after Coinbase acquired the investment platform Echo for $375 million.

ICOs were all the rage in 2017, as the then-relatively-new blockchain platform Ethereum appeared to have found its first major use case. While there are a few projects from this era of crypto that are still around, the hysteria around ICOs eventually turned into marketing-focused teams collecting investment from others, with not much more to show for plans than a whitepaper (if that).

The large amount of outright fraud occurring in the space at the time led to a regulatory backlash from the Biden administration, and Kim Kardashian, Floyd Mayweather, and other celebrities were eventually charged with SEC violations regarding their promotion of dubious crypto tokens.

While the ICO market has been dormant in the United States since that time, there is now a push to bring back this type of activity under the crypto-friendly Trump administration via platforms like the new token offering facility provided by Coinbase.

Much of the fraud that was able to proliferate during the 2017 to 2018 ICO bubble came down to the lack of traditional investment standards being followed. To prevent that sort of environment from developing again, Coinbase says it will require projects to meet certain requirements to launch token sales and also use an algorithm to try to put newly-issued tokens in the hands of users who are in it for the long haul.

For example, the platform is intended to promote a wide distribution of the initial tokens and will punish token investors who tend to simply dump their allocations on the market as quickly as possible. Additionally, token issuers will be blocked from selling their allocations for at least six months, and the teams behind the projects will need to follow a disclosure policy regarding tokenomics and other attributes of the project related to credibility and trust.

Coinbase previously attempted to operate under its own token listing standards, but the SEC’s view under chairman Gary Gensler at the time was basically that everything but bitcoin was a security. This eventually led to an SEC enforcement action against Coinbase, which has since been dropped.

Whether Coinbase can operate as a credible, neutral authority on new token sales is up to the discretion of its users. However, it should be noted that the crypto exchange previously took tokens from various projects for its Coinbase Earn project, where its users were provided with free tokens in exchange for reading about the associated projects. Put differently, Coinbase was provided with funds from token projects that were then provided to users as an incentive to sign up in exchange for creating promotional content about those same tokens.

Congress is also expected to pass its own standards and form of regulatory clarity to the crypto market in the form of the Clarity Act. That said, the odds of that passage occurring this year have dropped from a high of 87% to 21% since July, according to prediction market Polymarket.

This latest move from Coinbase is yet another example of the lines between crypto and traditional finance becoming increasingly blurred. Under this new structure, ICOs look more like initial public offerings (IPOs) with Coinbase acting as a gatekeeper of sorts in terms of which projects get the stamp of approval.

So, we now have a centralized financial institution operating an initial investment platform built on U.S. dollar-based rails (the platform uses the Coinbase-partnered USDC stablecoin from Circle) for projects that are increasingly looking more like traditional fintech than anything truly decentralized or operating outside of the traditional financial system.

It seems the crypto sector has moved far away from the original ideology Satoshi Nakamoto had when creating Bitcoin, as he pointed to “all the trust that’s required to make it work” as the source of the problems with traditional finance that he intended to solve.



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#Coinbase #Bring #Crypto #Trend #Ended #Disaster

These days, new versions of AI chatbots don’t just launch; they’re unshackled and released to the public following government scrutiny. OpenAI’s new GPT-5.6 models were – like Anthropic’s Claude Mythos and Fable – apparently too powerful to just launch; but now, after some tinkering, they’re available to you, dear customer.

In practice, it simply means that the new GPT-5.6 models are very powerful and smarter than before. In its introductory post, OpenAI shared a bunch of graphs showing just how much better GPT-5.6 is than the competition, whilst using fewer tokens and generally costing less.

OK, great. But GPT-5.6 is not just one model; it comes in three distinct flavors: Sol, Terra, and Luna. So what do different kinds of users get, what should they pay for, and which models should they (mostly) use? Let’s dive in.

Free users get (almost) nothing

Sorry; if you’re not a paying customer, you’ll have to make do with OpenAI’s previous flagship model, GPT-5.5. Any sort of access to GPT-5.6 models requires a subscription of some sort. Fortunately, GPT-5.5 is still quite capable at most tasks, but if you want the best of the best, you’ll have to cough up the dough.

There’s an exception to this: Free and Go users can access GPT-5.6 through ChatGPT Work. More on that below.

If you’re a Plus or Business user, you can only get Sol (the most powerful model) at medium and higher effort settings. There’s another, higher level of performance called Sol Pro, but that’s only available for Pro and Enterprise users.

In terms of availability per one million tokens, the prices are: $5 input and $30 output for Sol. $2.5 input and $15 output for Terra, and $1 input and $6 output for Luna.

Sol, Terra, or Luna?

Why are there three models in the first place? Well, OpenAI always had a multi-tier model; for example, previously users were able to choose a “mini” version of the main model to get results done cheaper. Now, the model has been split into three tiers.

If you’re a paying customer, you’re free to use all three. But you know how it is in the world of LLMs: If you pick the smartest one, your usage limits will get hit faster (yes, there are always usage limits, even if you throw a ton of money at OpenAI).

In the simplest sense, GPT-5.6 Sol is the smartest model, Terra is in between (with roughly GPT-5.5 level of performance), and Luna is the cheapest, fastest, but also least capable of the bunch.

The breakdown is as follows: Terra is a “balanced” model for everyday work. That’s the one you should be asking most of your questions. Don’t underestimate it, though, as OpenAI claims it performs better than Anthropic’s Fable 5 in some cases.

Luna is cost-efficient, and should be used for easy, non crucial everyday tasks; think recipes and movie recommendations. Again, OpenAI says it outperforms Anthropic’s Opus 4.8 in some cases, so it’s not a slouch, either.

Sol should be reserved for coding, deep research, planning, and cybersecurity: The most demanding tasks. Of course it comes at a (literal) cost: While OpenAI claims it spends less tokens than Anthropic’s Fable 5, Sol will still hit usage limits a lot faster than the other variants.

Fun fact: If you ask GPT-5.5 about any of this, right now, it’ll give you completely wrong answers. Hopefully OpenAI will fix this soon.

Wait, what’s this ChatGPT Work thing, then?

Oh yeah, OpenAI also launched ChatGPT Work, which is a new agent in ChatGPT that can access and take actions on your apps and files, and work in the background until a task is finished. It’s powered by Codex (OpenAI’s software engineering agent) and GPT-5.6. Think about it as your buddy that will go through your emails and files, browse the web, fetch the relevant data, and create that presentation your boss wants before the day is done.

ChatGPT Work is rolling out to Pro, Enterprise and Edu users first on web and mobile; this will be expanded to Plus and Business users “over the next few days.”

On the desktop, Work is available for everyone, including Free users.

Oh, and one more thing: The fact that ChatGPT Work has a built-in browser also means that OpenAI is sunsetting its standalone web browser, Atlas. Sorry.

How about GPT Live?

GPT Live is a new version of ChatGPT Voice and it will show up when you start talking to ChatGPT.

We’ve covered this in more depth here, but the bottom line is that GPT Live can listen and speak at the same time, allowing it to keep up a more realistic conversation.

Wrapping it all up

The new GPT-5.6 model is smart. It comes in three flavors: Luna, Terra, and Sol, with Sol being the most capable variant, Luna the most affordable one, and Terra somewhere in the middle. You can currently only get them on paid tiers, unless you’re using ChatGPT Work on desktop. And ChatGPT Voice has also gotten smarter with GPT-Live underneath, a model that can listen and speak at the same time.

#GPT5.6 #Sol #Terra #Luna">GPT-5.6 Sol, Terra, and Luna are here. See which one’s best for you.
                                                            These days, new versions of AI chatbots don’t just launch; they’re unshackled and released to the public following government scrutiny. OpenAI’s new GPT-5.6 models were – like Anthropic’s Claude Mythos and Fable – apparently too powerful to just launch; but now, after some tinkering, they’re available to you, dear customer.In practice, it simply means that the new GPT-5.6 models are very powerful and smarter than before. In its introductory post, OpenAI shared a bunch of graphs showing just how much better GPT-5.6 is than the competition, whilst using fewer tokens and generally costing less. 


OK, great. But GPT-5.6 is not just one model; it comes in three distinct flavors: Sol, Terra, and Luna. So what do different kinds of users get, what should they pay for, and which models should they (mostly) use? Let’s dive in. 
Free users get (almost) nothingSorry; if you’re not a paying customer, you’ll have to make do with OpenAI’s previous flagship model, GPT-5.5. Any sort of access to GPT-5.6 models requires a subscription of some sort. Fortunately, GPT-5.5 is still quite capable at most tasks, but if you want the best of the best, you’ll have to cough up the dough. There’s an exception to this: Free and Go users can access GPT-5.6 through ChatGPT Work. More on that below. If you’re a Plus or Business user, you can only get Sol (the most powerful model) at medium and higher effort settings. There’s another, higher level of performance called Sol Pro, but that’s only available for Pro and Enterprise users. In terms of availability per one million tokens, the prices are:  input and  output for Sol. .5 input and  output for Terra, and  input and  output for Luna. 
        SEE ALSO:
        
            Visa is connecting with ChatGPT to let AI agents automatically make purchases
            
        
    
Sol, Terra, or Luna?Why are there three models in the first place? Well, OpenAI always had a multi-tier model; for example, previously users were able to choose a “mini” version of the main model to get results done cheaper. Now, the model has been split into three tiers. If you’re a paying customer, you’re free to use all three. But you know how it is in the world of LLMs: If you pick the smartest one, your usage limits will get hit faster (yes, there are always usage limits, even if you throw a ton of money at OpenAI). 
        
            Mashable Light Speed
        
        
    
In the simplest sense, GPT-5.6 Sol is the smartest model, Terra is in between (with roughly GPT-5.5 level of performance), and Luna is the cheapest, fastest, but also least capable of the bunch. The breakdown is as follows: Terra is a “balanced” model for everyday work. That’s the one you should be asking most of your questions. Don’t underestimate it, though, as OpenAI claims it performs better than Anthropic’s Fable 5 in some cases. Luna is cost-efficient, and should be used for easy, non crucial everyday tasks; think recipes and movie recommendations. Again, OpenAI says it outperforms Anthropic’s Opus 4.8 in some cases, so it’s not a slouch, either.Sol should be reserved for coding, deep research, planning, and cybersecurity: The most demanding tasks. Of course it comes at a (literal) cost: While OpenAI claims it spends less tokens than Anthropic’s Fable 5, Sol will still hit usage limits a lot faster than the other variants. Fun fact: If you ask GPT-5.5 about any of this, right now, it’ll give you completely wrong answers. Hopefully OpenAI will fix this soon.Wait, what’s this ChatGPT Work thing, then?Oh yeah, OpenAI also launched ChatGPT Work, which is a new agent in ChatGPT that can access and take actions on your apps and files, and work in the background until a task is finished. It’s powered by Codex (OpenAI’s software engineering agent) and GPT-5.6. Think about it as your buddy that will go through your emails and files, browse the web, fetch the relevant data, and create that presentation your boss wants before the day is done. 



ChatGPT Work is rolling out to Pro, Enterprise and Edu users first on web and mobile; this will be expanded to Plus and Business users “over the next few days.”On the desktop, Work is available for everyone, including Free users. Oh, and one more thing: The fact that ChatGPT Work has a built-in browser also means that OpenAI is sunsetting its standalone web browser, Atlas. Sorry. How about GPT Live?GPT Live is a new version of ChatGPT Voice and it will show up when you start talking to ChatGPT. 


We’ve covered this in more depth here, but the bottom line is that GPT Live can listen and speak at the same time, allowing it to keep up a more realistic conversation.Wrapping it all upThe new GPT-5.6 model is smart. It comes in three flavors: Luna, Terra, and Sol, with Sol being the most capable variant, Luna the most affordable one, and Terra somewhere in the middle. You can currently only get them on paid tiers, unless you’re using ChatGPT Work on desktop. And ChatGPT Voice has also gotten smarter with GPT-Live underneath, a model that can listen and speak at the same time.

                    
                                            
                            
    
        Topics
                    Artificial Intelligence
                    OpenAI
            

                        
                                    #GPT5.6 #Sol #Terra #Luna

Fable – apparently too powerful to just launch; but now, after some tinkering, they’re available to you, dear customer.

In practice, it simply means that the new GPT-5.6 models are very powerful and smarter than before. In its introductory post, OpenAI shared a bunch of graphs showing just how much better GPT-5.6 is than the competition, whilst using fewer tokens and generally costing less.

OK, great. But GPT-5.6 is not just one model; it comes in three distinct flavors: Sol, Terra, and Luna. So what do different kinds of users get, what should they pay for, and which models should they (mostly) use? Let’s dive in.

Free users get (almost) nothing

Sorry; if you’re not a paying customer, you’ll have to make do with OpenAI’s previous flagship model, GPT-5.5. Any sort of access to GPT-5.6 models requires a subscription of some sort. Fortunately, GPT-5.5 is still quite capable at most tasks, but if you want the best of the best, you’ll have to cough up the dough.

There’s an exception to this: Free and Go users can access GPT-5.6 through ChatGPT Work. More on that below.

If you’re a Plus or Business user, you can only get Sol (the most powerful model) at medium and higher effort settings. There’s another, higher level of performance called Sol Pro, but that’s only available for Pro and Enterprise users.

In terms of availability per one million tokens, the prices are: $5 input and $30 output for Sol. $2.5 input and $15 output for Terra, and $1 input and $6 output for Luna.

Sol, Terra, or Luna?

Why are there three models in the first place? Well, OpenAI always had a multi-tier model; for example, previously users were able to choose a “mini” version of the main model to get results done cheaper. Now, the model has been split into three tiers.

If you’re a paying customer, you’re free to use all three. But you know how it is in the world of LLMs: If you pick the smartest one, your usage limits will get hit faster (yes, there are always usage limits, even if you throw a ton of money at OpenAI).

In the simplest sense, GPT-5.6 Sol is the smartest model, Terra is in between (with roughly GPT-5.5 level of performance), and Luna is the cheapest, fastest, but also least capable of the bunch.

The breakdown is as follows: Terra is a “balanced” model for everyday work. That’s the one you should be asking most of your questions. Don’t underestimate it, though, as OpenAI claims it performs better than Anthropic’s Fable 5 in some cases.

Luna is cost-efficient, and should be used for easy, non crucial everyday tasks; think recipes and movie recommendations. Again, OpenAI says it outperforms Anthropic’s Opus 4.8 in some cases, so it’s not a slouch, either.

Sol should be reserved for coding, deep research, planning, and cybersecurity: The most demanding tasks. Of course it comes at a (literal) cost: While OpenAI claims it spends less tokens than Anthropic’s Fable 5, Sol will still hit usage limits a lot faster than the other variants.

Fun fact: If you ask GPT-5.5 about any of this, right now, it’ll give you completely wrong answers. Hopefully OpenAI will fix this soon.

Wait, what’s this ChatGPT Work thing, then?

Oh yeah, OpenAI also launched ChatGPT Work, which is a new agent in ChatGPT that can access and take actions on your apps and files, and work in the background until a task is finished. It’s powered by Codex (OpenAI’s software engineering agent) and GPT-5.6. Think about it as your buddy that will go through your emails and files, browse the web, fetch the relevant data, and create that presentation your boss wants before the day is done.

ChatGPT Work is rolling out to Pro, Enterprise and Edu users first on web and mobile; this will be expanded to Plus and Business users “over the next few days.”

On the desktop, Work is available for everyone, including Free users.

Oh, and one more thing: The fact that ChatGPT Work has a built-in browser also means that OpenAI is sunsetting its standalone web browser, Atlas. Sorry.

How about GPT Live?

GPT Live is a new version of ChatGPT Voice and it will show up when you start talking to ChatGPT.

We’ve covered this in more depth here, but the bottom line is that GPT Live can listen and speak at the same time, allowing it to keep up a more realistic conversation.

Wrapping it all up

The new GPT-5.6 model is smart. It comes in three flavors: Luna, Terra, and Sol, with Sol being the most capable variant, Luna the most affordable one, and Terra somewhere in the middle. You can currently only get them on paid tiers, unless you’re using ChatGPT Work on desktop. And ChatGPT Voice has also gotten smarter with GPT-Live underneath, a model that can listen and speak at the same time.

#GPT5.6 #Sol #Terra #Luna">GPT-5.6 Sol, Terra, and Luna are here. See which one’s best for you.

These days, new versions of AI chatbots don’t just launch; they’re unshackled and released to the public following government scrutiny. OpenAI’s new GPT-5.6 models were – like Anthropic’s Claude Mythos and Fable – apparently too powerful to just launch; but now, after some tinkering, they’re available to you, dear customer.

In practice, it simply means that the new GPT-5.6 models are very powerful and smarter than before. In its introductory post, OpenAI shared a bunch of graphs showing just how much better GPT-5.6 is than the competition, whilst using fewer tokens and generally costing less.

OK, great. But GPT-5.6 is not just one model; it comes in three distinct flavors: Sol, Terra, and Luna. So what do different kinds of users get, what should they pay for, and which models should they (mostly) use? Let’s dive in.

Free users get (almost) nothing

Sorry; if you’re not a paying customer, you’ll have to make do with OpenAI’s previous flagship model, GPT-5.5. Any sort of access to GPT-5.6 models requires a subscription of some sort. Fortunately, GPT-5.5 is still quite capable at most tasks, but if you want the best of the best, you’ll have to cough up the dough.

There’s an exception to this: Free and Go users can access GPT-5.6 through ChatGPT Work. More on that below.

If you’re a Plus or Business user, you can only get Sol (the most powerful model) at medium and higher effort settings. There’s another, higher level of performance called Sol Pro, but that’s only available for Pro and Enterprise users.

In terms of availability per one million tokens, the prices are: $5 input and $30 output for Sol. $2.5 input and $15 output for Terra, and $1 input and $6 output for Luna.

Sol, Terra, or Luna?

Why are there three models in the first place? Well, OpenAI always had a multi-tier model; for example, previously users were able to choose a “mini” version of the main model to get results done cheaper. Now, the model has been split into three tiers.

If you’re a paying customer, you’re free to use all three. But you know how it is in the world of LLMs: If you pick the smartest one, your usage limits will get hit faster (yes, there are always usage limits, even if you throw a ton of money at OpenAI).

In the simplest sense, GPT-5.6 Sol is the smartest model, Terra is in between (with roughly GPT-5.5 level of performance), and Luna is the cheapest, fastest, but also least capable of the bunch.

The breakdown is as follows: Terra is a “balanced” model for everyday work. That’s the one you should be asking most of your questions. Don’t underestimate it, though, as OpenAI claims it performs better than Anthropic’s Fable 5 in some cases.

Luna is cost-efficient, and should be used for easy, non crucial everyday tasks; think recipes and movie recommendations. Again, OpenAI says it outperforms Anthropic’s Opus 4.8 in some cases, so it’s not a slouch, either.

Sol should be reserved for coding, deep research, planning, and cybersecurity: The most demanding tasks. Of course it comes at a (literal) cost: While OpenAI claims it spends less tokens than Anthropic’s Fable 5, Sol will still hit usage limits a lot faster than the other variants.

Fun fact: If you ask GPT-5.5 about any of this, right now, it’ll give you completely wrong answers. Hopefully OpenAI will fix this soon.

Wait, what’s this ChatGPT Work thing, then?

Oh yeah, OpenAI also launched ChatGPT Work, which is a new agent in ChatGPT that can access and take actions on your apps and files, and work in the background until a task is finished. It’s powered by Codex (OpenAI’s software engineering agent) and GPT-5.6. Think about it as your buddy that will go through your emails and files, browse the web, fetch the relevant data, and create that presentation your boss wants before the day is done.

ChatGPT Work is rolling out to Pro, Enterprise and Edu users first on web and mobile; this will be expanded to Plus and Business users “over the next few days.”

On the desktop, Work is available for everyone, including Free users.

Oh, and one more thing: The fact that ChatGPT Work has a built-in browser also means that OpenAI is sunsetting its standalone web browser, Atlas. Sorry.

How about GPT Live?

GPT Live is a new version of ChatGPT Voice and it will show up when you start talking to ChatGPT.

We’ve covered this in more depth here, but the bottom line is that GPT Live can listen and speak at the same time, allowing it to keep up a more realistic conversation.

Wrapping it all up

The new GPT-5.6 model is smart. It comes in three flavors: Luna, Terra, and Sol, with Sol being the most capable variant, Luna the most affordable one, and Terra somewhere in the middle. You can currently only get them on paid tiers, unless you’re using ChatGPT Work on desktop. And ChatGPT Voice has also gotten smarter with GPT-Live underneath, a model that can listen and speak at the same time.

#GPT5.6 #Sol #Terra #Luna

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