ChatGPT’s Study Mode Is Here. It Won’t Fix Education’s AI Problems

The school year starts soon for many students, and ChatGPT has announced a new “study mode” that aims to prevent—or at least, encourage against—students taking homework shortcuts. The mode is designed around the Socratic method, so when activated, OpenAI’s generative AI chatbot rejects direct requests for answers, instead guiding the user with open-ended questions. The…

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SEC greenlights in-kind redemptions for Bitcoin and Ethereum ETFs

Key Takeaways The SEC approved in-kind creation and redemption for Bitcoin and Ethereum ETFs, replacing the cash-only model. Analysts expect altcoin ETF approvals to follow with in-kind mechanisms from the outset. Share this article The SEC has approved in-kind creation and redemption mechanisms for spot Bitcoin and Ethereum exchange-traded products, aligning them with traditional commodity…

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21,021 Bitcoin Added to Strategy’s Treasury Following IPO

Strategy (Nasdaq: MSTR/STRK/STRF/STRD) closed its initial public offering (IPO) of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (“STRC”) at $90 per share, raising approximately $2.521 billion. Estimated net proceeds totaled $2.474 billion after underwriting costs and expenses. The company used the net proceeds to acquire 21,021 bitcoins at an average price…

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