OpenAI released GPT-4.1 and was sued to the U.S. Court of International Trade

Reprinted from jinse

04/15/2025·9D

Headlines

▌ OpenAI releases GPT-4.1, and its performance surges

At 1 a.m. today, OpenAI conducted a live broadcast of technology and released the 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 context, which is very helpful to the fields of financial analysis, novel writing, education, etc. Due to the release of GPT-4.1, OpenAI announced that it will eliminate the recently released GPT-4.5, which can be seen. (AIGC Open Community)

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

▌Trump administration is sued for tariffs to the U.S. Court of International Trade

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

Quotes

As of press time, according to Coingecko data:

BTC's recent transaction price is US$84,464.93, with an increase of -0.0% intraday;

ETH's latest transaction price is US$1,620.02, with an intraday increase and decrease of -0.4 % ;

BNB's recent transaction price is US$583.60, with an intraday increase and decline of -0.9% ;

SOL's latest transaction price is US$128.36, with an intraday increase and decrease of -1.5 % ;

DOGE's recent transaction price is US$0.1579, with an intraday increase and decrease of -4.3 % ;

XPR's recent transaction price is US$2.12, with an intraday increase and decrease of -0.9 % .

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 overseas applications that have not declared virtual asset operators, including KuCoin and MEXC, and its app has been blocked since April 11. The statement pointed out: "Undeclared business behavior will face criminal penalties." FIU has continued to lock in undeclared overseas operators, and also blocked access through Internet websites. FIU emphasized: "In the future, we will consult with relevant institutions to continue to block such apps and websites to prevent the risks of money laundering and user losses."

Blockchain application

▌ Vitalik: The rise of AI makes encryption 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 to collect and analyze centralized data, and has also expanded the scope of data we voluntarily share." He emphasized that zero-knowledge proof (ZK), complete homomorphic encryption (FHE) and obfuscation technologies "far beyond the imagination of crypto punk in the 1990s." "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 data for everyone, with others almost ignorant of it," he warned.

▌Hong Kong Stock Exchange: Be open to using blockchain and other technologies to solve existing carbon market problems

Zhou Guanying, chief director of sustainability development of Hong Kong Stock Exchange Group, said that the use of new technologies such as blockchain may make carbon credit tracking more transparent and efficient, and help cross- border transactions. Therefore, the Hong Kong Stock Exchange is open to using technologies such as blockchain to solve existing carbon market problems.

Cryptocurrency

▌US SEC has postponed the physical subscription and redemption decisions of spot Bitcoin and Ethereum ETFs of WisdomTree and VanEck to June 3

The U.S. Securities and Exchange Commission (SEC) has postponed the physical subscription and redemption decision on spot Bitcoin and Ethereum ETFs for WisdomTree and VanEck until June 3, 2025. Physical transactions involve direct exchange of underlying assets such as Bitcoin and Ethereum, not cash. New York Stock Exchange Arca and Cboe BZX are exchanges related to these proposals.

▌ Mantra CEO: OM token recovery is the top priority

Mantra CEO John Mullin responded to community concerns after the OM token plummeted. He assured Mantra and its partners are pushing for the OM token recovery, but repurchase and destruction details are still being formulated. “We are still in the early stages of developing a potential token buyback plan,” he said. "In addition, Mullin said that OM token recovery is Mantra's top priority. He denied allegations that major investors sold OM tokens and the team controlled 90% of the token supply, stressed that the allegations were unfounded, and mentioned that the community transparency report had been released. Mullin mentioned that "the largest holder of OM in the exchange is Binance" and guided the public to view the Etherscan record. However, the largest holder of OM wallet is currently 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) that cooperated with strategic investors, saying that the fund contains "dollar commitments and contributions" and will continue to invest in supporting the ecosystem. "As part of the recovery plan, we will continue to invest and support the ecosystem," he said. In addition, he revealed that the 38 million OMs transferred to Binance Cold Wallet on April 14 are related to a staking plan of Binance, which returns tokens as the plan ends. He also noted that many of the transactions that caused community reactions after the collapse involved collateral from an unnamed exchange, “For some reason, the exchange decided not to maintain this position anymore, so the exchange that received the collateral took over these positions and started selling, triggering a string of selling pressure and forcing more positions to be liquidated.”

▌Japanese medical service company SBC Medical announced the purchase of 5 BTC

Japanese medical service company SBC Medical Group Holdings announced that based on the announcement of the Bitcoin purchase decision disclosed on February 12, 2025, 5 BTCs (approximately 60 million yen/US$400,000) have been purchased as of April 14, 2025.

Earlier in February, SBC Medical announced plans to purchase 1 billion yen (about 6.7 million US dollars) of Bitcoin to achieve long-term strategic goals of asset diversification and combat inflation, which is expected to be completed between February and May 2025.

▌President Trump 's digital asset adviser: The United States may use tariff revenue to buy Bitcoin

According to Bitcoin Magazine, Bo Hines, executive director of the Trump President’s Digital Assets Advisory Committee, said the U.S. could use tariff revenue to buy Bitcoin.

Important economic trends

▌New lawsuits question the legality of Trump 's reciprocal tariffs

A lawsuit filed on Monday questioned the legality of President Trump's oversized tariffs worldwide. Liberty Justice Center, a liberal-oriented public welfare law center in Texas, filed the lawsuit in the U.S. Court of International Trade on behalf of five owners operating businesses allegedly damaged by new tariffs. This is by far the most extensive legal action against Trump’s cut tariffs. The lawsuit claims that Trump improperly used an International Emergency Economic Powers Act, a law from the 1970s, to implement most of his tariff regimes, and that the president is infringing on Congressional powers. Liberty Justice Center is requesting the court to issue a broad order to block the full imposition of tariffs based on the IEEPA; the court has national jurisdiction to hear cases involving international trade.

▌Goldman Sachs CEO: The possibility of a U.S. recession “has increased”

Goldman Sachs CEO Solomon said Monday that the likelihood of a U.S. recession “has increased”, citing factors such as uncertainty in the trade war and uncertainty about how companies plan for the future. Solomon said that entering the second quarter, our operating environment is significantly different from earlier this year, with economic growth being "slowing down" and the implementation of Trump's new trade policy "significantly changed the prospects for future global growth." Solomon also pointed out that concerns about significant uncertainty in the near and long term limits customers’ ability to make important decisions, and uncertainty on future paths 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 "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 79.7%, and the probability of cutting interest rates by 25 basis points is 20.3%. The probability of the Federal Reserve keeping interest rates unchanged by June is 24.5%, the probability of a cumulative interest rate cut of 25 basis points is 61.5%, and the probability of a cumulative interest 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 NFT provides several prominent key advantages in the blockchain ecosystem. They are affordable, greatly reducing minting and storage costs, allowing creators and businesses to use blockchain technology without financial obstacles. Furthermore, cNFT contributes to more environmentally friendly blockchain practices by reducing storage requirements and thus reducing energy use. These properties make cNFT a potential game changer for scalable, environmentally friendly and innovative applications.

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