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first_img Cloudflare and OpenAI pilot, ChatGPT indexes hundreds of millions of new web pages

In July 2026, the internet infrastructure company Cloudflare launched a research pilot with OpenAI to test whether Cloudflare's network signals could help ChatGPT users discover new content more efficiently. Both parties reported positive early results, with the pilot incorporating previously unknown pages into OpenAI's search index, providing ChatGPT with more sources to reference.The pilot utilized about 1% of Cloudflare's global participation queue, allowing OpenAI to discover and index hundreds of millions of new web pages. OpenAI independently evaluated and ranked these pages based on relevance and usefulness, while ChatGPT Search enabled users to view original content and publishers through backlinks. Observations indicated that automated traffic might make non-existent pages appear noteworthy, with some sites redirecting arbitrary addresses to their homepage and others pointing to duplicate content. Both parties are also testing signals to identify potentially harmful pages, such as fake login pages embedded on legitimate sites, advocating for the marking of single pages rather than entire domains.Related signals are also used to filter out non-existent or redirecting pages and to assess whether unchanged pages are worth revisiting. Page signals do not constitute access permission; the study utilized web metadata for search and discovery rather than using page content for model training. Site owners can understand and manage how AI systems access their websites through Cloudflare's AI Crawl Control. The next phase will improve page selection and test faster, more reliable change signals.

Polymarket CEO: Chasing hundredfold tokens is a game of "irrational exuberance."

Polymarket's CEO Shayne Coplan stated during a fireside chat at the Token2049 conference in Singapore that cryptocurrency trading is evolving into a game of "irrational exuberance," where traders compete to be the first to find the next hundredfold token. He pointed out that people think they are buying something valuable, but in reality, it is worthless; however, as long as there is a possibility of it rising to 100 times, they want to sell before it goes to zero. Coplan mentioned that some traders can gain considerable wealth through this strategy, but it is essentially a game of "irrational exuberance and hot potato," where rising asset prices will eventually fall back.Coplan indicated that the continuous growth of Polymarket's user base shows that some traders are looking for betting opportunities with more predictable odds, rather than the next skyrocketing cryptocurrency. He explained that trading these markets on Polymarket does not have exponential upside potential, but informed traders will continue to place bets on future events with more predictable odds. According to data from DefiLlama, Polymarket is the second-largest prediction market, with a trading volume of $1.21 billion in the past seven days, while the largest market, Kalshi, had $2.3 billion.The growth of prediction markets has also attracted more attention from U.S. regulators. It was reported that JPMorgan terminated its banking relationship with Polymarket on August 14 due to regulatory concerns but expressed interest in acting as an underwriter if Polymarket seeks to go public.

first_img The Curve soft liquidation mechanism allows hundreds of loans to survive in a liquidation state for several weeks

According to CoinDesk, data from Curve Finance shows that its lending market has recorded a total of 704 "soft liquidation" events, involving 602 borrower addresses, with a median duration of 14.5 days, of which a quarter lasted at least 38.9 days, and some positions remained within the liquidation range for several months. Of these soft liquidations, 476 began in the first half of 2026. Unlike traditional lending protocols such as Aave and Compound, Curve's LLAMMA system does not sell off collateral all at once after the price drops below a threshold, but gradually converts collateral into borrowed assets within a price range. If the price rebounds before the loan completely fails, some or all of the conversions may be reversed. This means that borrowers are not in a grace period; their collateral has been partially liquidated during the loan's duration, but they still have the opportunity to restore their positions if the price reverses. However, soft liquidations are not without costs. Data shows that borrowers may still incur losses due to transaction fees, conversions, rebalancing, interest, and bid-ask price fluctuations, and if the market remains unfavorable, positions may still fall into hard liquidation. Curve Finance is a mainstream DeFi protocol focused on stablecoin exchanges and crvUSD lending, currently holding approximately $1.35 billion in deposits, with a DEX trading volume of about $3.4 billion over the past 30 days and active loans of about $46 million.
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