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Decentralized full-chain data network Chainbase announced the open-source of Theia-Llama-3.1-8B, a large language model centered around cryptocurrency. The training data for the model comes from CoinMarketCap and detailed research reports. Chainbase claims that this model has lower perplexity and higher BERT scores compared to other mainstream models. LORA is used to efficiently fine-tune the model, making large pre-trained models suitable for specific tasks with lower computing capabilities. The model's memory usage is significantly reduced, and inference speed is accelerated while maintaining acceptable accuracy. In addition, Chainbase completed a $15 million Series A financing round in July this year, led by Tencent Investment Group and Matrix Partners China.

The US Commodity Futures Trading Commission (CFTC) issued a notice today stating that Judge Mary Rowland of the Northern District Court of Illinois ordered a summary judgment in the Jafia LLC fraud case, and ordered Sam Ikkurty of Oregon and his company Jafia LLC to pay part of the compensation claimed by the victims of the "Ponzi scheme" totaling more than US$120 million to the agency. It is worth noting that Judge Rowland also stated that "this order not only finds that Bitcoin and Ethereum commodities are within the jurisdiction of the CFTC, but also that the virtual currencies OHM and Klima meet the commodity criteria," and pointed out that these virtual currencies are in the same category as Bitcoin and involve regulated futures trading. Compared with Bitcoin and Ethereum, OHM and Klima are smaller-scale cryptocurrencies. However, there has always been controversy over which assets are classified as securities (under the jurisdiction of the US Securities and Exchange Commission) or commodities (under the jurisdiction of the CFTC).

Rodrigo Seira, a special advisor to Paradigm, has resigned and rejoined Cooley LLP, the law firm where he previously worked. Prior to joining Paradigm, Seira, a Harvard Law School graduate, was an external advisor to Cooley's cryptocurrency investors and entrepreneurs. During his 2.5 years at Paradigm, Seira helped establish the company's policy lab to advance cryptocurrency innovation and legislation in the United States.