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api

An API (Application Programming Interface) is a communication interface between software applications that allows different systems or programs to interact and exchange data. In the field of blockchain and cryptocurrency, APIs are used to connect exchanges, wallets, blockchain nodes, and other services, providing real-time data access, trade execution, and account management functions. APIs are key tools for developers to build decentralized applications (dApps) and integrate blockchain services, facilitating interoperability and scalability within the ecosystem.
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Flash

Strategy launches a digital credit capital framework, establishes a BTC monetization plan, and two $1 billion repurchase plans

According to the 8-K document submitted to the SEC by Strategy, the company announced the launch of a digital credit capital framework, which includes five core components: dollar reserve policy, adjustment of STRC dividend policy, preferred stock repurchase plan, common stock repurchase plan, and BTC monetization plan.Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest, and management must maintain a reserve sufficient to cover expected dividends and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion.Regarding the STRC dividend, the company will dynamically assess the dividend rate on a monthly basis, considering factors such as trading price, market yield, credit spread, and Bitcoin price volatility, and will not increase the dividend solely because the STRC trading price is below par value. The company also announced an increase in the annualized dividend rate for STRC to 12% from the previous level, effective July 1.In terms of the repurchase plan, the company has established two repurchase authorizations of $1 billion each, to repurchase preferred stocks such as STRC, STRF, STRD, STRK, and Class A common stock, with STRC being the primary target of the preferred stock repurchase plan. Neither of the repurchase plans will utilize dollar reserve funds.In addition, the company's board of directors has authorized the BTC monetization plan, allowing the company to raise up to $1.25 billion by selling Bitcoin, to supplement the dollar reserve, pay preferred stock dividends and interest expenses, or fund the aforementioned repurchase plans.

Kimi B's head of the department: There is a bubble in the AI industry, but the fundamentals are solid; the price increase of APIs is due to tight computing power

According to a report by 21 Finance, Huang Zhenxin, the head of Kimi B-end at Moonshot AI, stated in a recent communication meeting that there is indeed a bubble in the current AI industry, but the fundamentals are very solid. Enterprises can now clearly calculate the return on investment (ROI), and the substantial transformation in productivity brought by AI has already occurred.Regarding the recent phenomenon of widespread price increases among model vendors, Huang Zhenxin pointed out that the core reason lies in the rising global computing power costs, and chip production capacity cannot meet the explosive growth in Token demand. He emphasized that evaluating the cost-performance ratio of models should not only look at the unit price of input and output but should also focus on the Cache hit rate. It is reported that Kimi's original factory Cache hit rate has reached over 90%, significantly reducing actual computing costs.In addition, Huang Zhenxin revealed that Kimi will continue to challenge innovations in underlying architecture to sustain the Scaling Law, and its Muon optimizer, which has been validated on a large scale, is now widely adopted by several mainstream large models in the industry. Regarding the "last mile" of enterprise AI implementation, he believes that as the foundational capabilities of models continue to strengthen, the technical paradigms at the application layer will also continue to simplify.

OpenAI has launched the next generation GPT-5.6 series models, currently available only to trusted partners using Codex and the API

According to official news, OpenAI has officially launched the preview version of the next-generation GPT-5.6 series models, including the flagship model Sol, the balanced model Terra, and the fast low-cost model Luna. GPT-5.6 introduces a brand new maximum reasoning effort and features a super strong mode that accelerates complex tasks through sub-agents.The flagship model Sol introduces the Ultra mode, which combines maximum reasoning intensity with sub-agent collaboration. In the Terminal-Bench 2.1 command line workflow test, Sol achieved a score of 88.8%, which increased to 91.9% in Ultra mode, surpassing GPT-5.5's 83.4% and Claude Fable 5's 88.0%. The mid-range model Terra performs close to GPT-5.5 while being priced at half, and the lightest model Luna is designed specifically for everyday automation tasks. Sol is priced at $5 per million input tokens and $30 for output, and it supports reducing secondary call costs by utilizing prompt caching.In terms of security, the security assessment confirmed that Sol did not exceed the critical thresholds of the Preparedness Framework cybersecurity. OpenAI has invested over 700,000 A100 equivalent GPU hours in automated red team exercises, equipping the entire series of models with a defense stack that includes rejection mechanisms, real-time abuse classifiers, and account-level audits. Although the current limited release follows the U.S. government's security framework, OpenAI emphasizes that it does not want a government-led access mechanism to become the long-term default model, as it would limit defenders' access to cutting-edge tools.
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