Crypto & Web3

Short segments of perceived speech can be retrieved from non-invasive magnetoencephalographic (MEG) recordings by deep networks trained with a CLIP-style objective against wav2vec 2.0 audio embeddings. Yet their weights do not map onto electrophysiological quantities, and it remains unclear which speech properties drive retrieval. We build on a high-performing MEG-to-audio retrieval architecture but redesign both its front end and decoder. Its spatial attention operates on a flattened sensor layout; we replace it with spherical harmonics defined on the three-dimensional MEG helmet geometry. We reduce the subject-specific representation from 270 to 25 branches, add a temporal filter to each branch to match it to a neuronal source in space and time, and make the convolutional decoder shallower. Ocular and cardiac components are removed before training to reduce the risk of stimulus-locked shortcuts. On MEG-MASC, the model reaches 39.75 +/- 0.34% Top-1 accuracy among 1005 candidates across six trained solutions, with about 20 times fewer decoder parameters. Its weights map to source space, recovering generators consistent with the speech-perception network, while left-lateralized branches carry higher-frequency rhythmic components not evident on the right. Paired MEG occlusion shows that 15 of 19 stimulus features contribute, with the largest effects for silence, sound intensity, vowels, and acoustic onsets. Random word lists behave oppositely: substituting narrative MEG into them improves retrieval, indicating that activity without narrative structure carries less recoverable information than activity during coherent speech. The wav2vec target can be reduced to about twelve learned feature dimensions without loss of accuracy, whereas strong temporal compression causes a clear loss. Together, source mapping and input interventions reveal what drives retrieval.

We introduce NOLLI, a procedurally generated English-Korean puzzle benchmark designed to diagnose where Korean performance gaps arise. It comprises 15 puzzle types (25 tasks; 7,500 items), with every instance seed-regenerable, verified to have a unique solution, and scored deterministically. Rather than equating harder with bigger, we calibrate difficulty behaviorally, tuning each generator until a fixed reference model lands in target accuracy bands. Its three-level design combines matched direct translations, script adaptations over Hangul jamo (sub-syllabic letters), and Korean-only tasks grounded in Korean culture or orthography. We evaluate 15 frontier, open-weight, and Korean-developed models; among the 12 above a 3% overall-accuracy floor, matched English-Korean accuracy is statistically equivalent within a +/- 10 pp margin (TOST), suggesting little cost from presentation language alone. Writing-system-intensive tasks show sharper gaps: Korean Cipher falls behind English by up to 68.7 pp, whereas Cryptarithmetic over the same jamo shows no systematic penalty, and Jamo Composition accuracy predicts Korean Cipher accuracy. These contrasts are diagnostic rather than causal, consistent with difficulty in multi-step sub-syllabic execution. Korean-only tasks separate rule-application deficits, which vary in sign, from a Kinship deficit positive in all 12. Finally, a salient size measure fails to grow from Easy to Hard in 7 of 15 types, making structural size an unreliable proxy for empirical difficulty.

Real-time video editing requires low-latency causal generation with bounded computational resources while preserving source fidelity and long-term temporal consistency. We present JoyAI-Video-Edit, a 16B-parameter autoregressive diffusion framework for real-time, open-ended video editing without access to future frames or a predefined video duration. Our method combines chunk-wise autoregressive adaptation, Source-Anchored Distribution Matching Distillation (SA-DMD), and Long-Horizon Autoregressive Distillation to reduce train--inference mismatch, preserve source fidelity during two-step generation, and mitigate accumulated temporal drift. Extensive automatic and human evaluations show that JoyAI-Video-Edit substantially outperforms existing streaming editors and remains competitive with strong offline systems on both short and long videos. The complete system achieves end-to-end 720p video editing at approximately 30 FPS on a single Nvidia B200 GPU. Code is available at https://github.com/jd-opensource/JoyAI-Video-Edit.

Multimodal on-policy distillation (OPD) transfers fine-grained visual knowledge by supervising student-generated trajectories with a privileged-view teacher. Yet its next-token corrections are source-mixed, combining visual signals with linguistic priors and teacher-specific effects. The key challenge is to estimate which corrections are supported by visual evidence, not merely where or how strongly to distill. We introduce Visual Attribution Distillation (VAD), a counterfactual target-reconstruction algorithm that estimates the visually attributable part of a teacher correction. At each student-generated prefix, VAD evaluates the same fixed teacher with the relevant evidence present and removed. The corresponding change in centered log-probabilities defines ut, a signed proxy for the visual evidence direction that estimates how revealing the evidence supports or refutes candidate tokens. VAD projects the original correction onto this proxy to obtain an intervention-aligned component and a proxy-unexplained residual, then reconstructs a student-anchored target from the former. During training, this reconstructed target supplies the primary supervision signal, while the privileged teacher contributes a weak regularizer. Across six fine-grained visual benchmarks at 4B and 9B scales, VAD outperforms direct privileged-view distillation and visual-advantage weighting. Token- level and controlled-target analyses show that the proxy-aligned component is enriched in task-relevant visual corrections and yields stronger target shifts, especially when evidence refutes a mistaken answer. These results support counterfactual target reconstruction as an effective alternative to source-mixed supervision.

Recent game world models can generate visually realistic and interactive environments conditioned on player actions. However, games are not defined by pixels alone; they are governed by explicit mechanics, namely state-dependent rules that control health reduction, skill activation, and game termination. These mechanics depend on precise internal states, such as health points, skill meters, and timers, which are tightly coupled with visual observations and determine how gameplay evolves. Without modeling these state dynamics, existing game world models may generate visually plausible rollouts but violate the underlying game rules. In this paper, we propose StatePlay, a novel state-aware game world model that jointly predicts visual content and game states to promote mechanics-consistent generation. StatePlay adopts a mixture-of-transformers (MoT)-style architecture that preserves specialized visual and state representations while enabling cross-modal interaction, allowing predicted states to guide frame generation. Each branch is further optimized with a distinct objective suited to its modality. Experiments show that StatePlay achieves an average normalized L1 distance below 0.06 for state prediction. Furthermore, compared with models without explicit state modeling, our method improves mechanics fidelity in generated game rollouts by 18.6%. Overall, our work highlights the importance of state-aware game world modeling and advances beyond pixel-level realism toward complete and mechanically faithful game generation.

Robotic learning takes place in dynamic environments with large behavior spaces. A terminal success signal only tells the robot whether the task is completed. It does not explain whether the current behavior is making progress, remaining unchanged, or undoing earlier progress. For this reason, recent studies have increasingly explored progress rewards that provide feedback during task execution. However, the current literature lacks a shared framework. Existing methods use different observations, goal specifications, output signals, supervision sources, and evaluation protocols. This makes it difficult to compare them and understand what their results actually validate. In this survey, we provide a unified view of progress reward modeling for robotic learning. We organize the field in three connected steps. We first study the interface of a progress model. This defines the problem from the outside by asking what information the model receives and what form of progress signal it produces. We then move inside the model and study the methods used to construct this signal. This reveals the different assumptions and mechanisms behind progress estimation and reward generation. Finally, we examine the data and benchmarks that support these methods. This shows how progress supervision is obtained and what different evaluations actually measure. Together, these three perspectives connect what a progress model is, how it is built, and how its quality is validated. We further summarize the main limitations of current approaches and discuss future research directions.

Production AI agents' failures are less often due to an inability to reason well and more often because they cannot manage what is in their reasoning context: conversation histories, large prompts, large tool definitions, and ballooning tool outputs. Agents drown in their own accumulating history while paying a token cost that grows every turn, producing missing recalls within and across conversations. The incumbent response treats this as a storage-and-retrieval problem. We argue that framing is too narrow. Actively managing what an agent holds in mind is a lifecycle, not merely a store: it spans deciding what to remember, extracting and structuring it, choosing the right store per data type, consolidating and forgetting while preserving provenance, deciding what is relevant now, anticipating what is needed next, and compacting context to a budget without losing what matters. In serious production this operates not over a single user but across an organizational scope hierarchy. We name this discipline Agentic Context Management (ACM) and decompose it into five primitives: architecting, ingesting, scoping, anticipating, and compacting & consolidation. We then make the economic case: naive context accumulation grows token cost quadratically in conversation length, crude summarization buys linear cost at the price of an accuracy cliff, and only validated compaction achieves linear cost with preserved fidelity. We describe a reference implementation, Maximem Synap, that realizes the five primitives as a multi-tenant service and reports 92% on LongMemEval and 93.2% on LoCoMo under the configuration detailed in Section 6. We close with dimensions existing benchmarks do not yet capture, latency, token efficiency, and context-rot resistance, and the frontier of decision-level and organization-level context the category points toward.

Sara Fischer / Axios : TMTG interim CEO Kevin McGurn says the company is pulling back from a pair of Crypto.com deals to focus on its media arm and its pending merger with TAE —  Truth Social's parent company, Trump Media and Technology Group, is pulling back from a pair of Crypto.com deals as its new leadership looks …

Reuters : The US Treasury sanctions Dubai-based unlicensed crypto exchange Shelbit, alleging it processed millions in crypto for IRGC and other Iran-linked groups —  The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars …

Bloomberg : Binance affiliates are suing RedotPay's founders for allegedly diverting 470K+ users to a competing product in a “fraudulent scheme”, claiming $472.8M in losses —  Binance affiliates are suing the founders of Hong Kong-based crypto payments firm RedotPay for allegedly diverting hundreds …

Maria Curi / Axios : Sources: the US' AI framework excludes open models and defines a covered frontier model as closed source with SOTA capabilities and national security risks —  The White House is excluding open models from its framework to test advanced AI capabilities, sources familiar with the matter told Axios.

Devlin Barrett / New York Times : Court docs: an FBI agent has been charged with amassing ~$1M worth of cryptocurrency, largely by making unauthorized withdrawals from a criminal target overseas —  The agent confessed to making unauthorized withdrawals from a criminal target overseas, according to court papers.

Shaurya Malwa / CoinDesk : Bitcoin hardware wallet Coldcard shipped a faulty firmware build, and hackers are now draining wallets; Galaxy Research estimates $70M+ stolen —  More than 1,000 bitcoin, worth about $70 million, was drained from 1,196 wallets in a 41-minute window on July 30, nearly double the amount reported when the theft first surfaced.

CNBC : Coinbase reports Q2 revenue down 19% YoY to $1.2B, vs. $1.3B est., stablecoin revenue below est., and a wider-than-expected loss; COIN drops 6%+ after hours —  Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter …

Bill Peters / MarketWatch : Robinhood reports Q2 revenue up 32% YoY to $1.31B, vs. $1.29B est., event contracts revenue up over 10x to $156M, and crypto revenue down 38% to $100M —  Prediction-market revenues on the popular trading app increased tenfold during the second quarter  —  Robinhood reported second-quarter results on Wednesday, beating expectations.

Kyle Baird / The Block : Bitcoin miner and AI infrastructure company Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut, giving it an implied valuation of ~$2.75B —  Quick Take  — Ionic Digital was formed from Celsius Mining's assets and later took direct control of its sites from Hut 8.

William Sandlund / Financial Times : Crypto exchanges like tradeXYZ are giving global investors exposure to Chinese AI-linked stocks like CXMT, bypassing Beijing's control on foreign capital access —  Perpetual futures let investors circumvent restrictions on foreign access to China's equity market