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Announcing the Artificial Analysis Coding Agent Index! Our new coding agent benchmarks measure how combinations of agent harnesses and models perform on 3 leading benchmarks, token usage, cost and more When developers use AI to code they’re choosing a model, but also pairing it with a specific harness. It makes sense to benchmark that combination to understand and compare performance. The Artificial Analysis Coding Agent Index includes 3 leading benchmarks that represent a broad spectrum of coding agent use: ➤ SWE-Bench-Pro-Hard-AA, 150 realistic coding tasks that frontier models struggle with, sampled from Scale AI’s SWE-Bench Pro ➤ Terminal-Bench v2, 84 agentic terminal tasks from the Laude Institute and that range from system administration and cryptography to machine learning. 5 tasks were filtered due to environment incompatibility ➤ SWE-Atlas-QnA, 124 technical questions developed by Scale AI about how code behaves, root causes of issues, and more, requiring agents to explore codebases and give text answers Analysis of results: ➤ Opus 4.7 and GPT-5.5 lead the Index: Opus 4.7 in Cursor CLI scores 61, followed closely by GPT-5.5 in Codex and Opus 4.7 in Claude Code at 60. GPT-5.5 in Cursor CLI follows at 58. ➤ Open weights models are competitive, but still trail the leaders: GLM-5.1 in Claude Code is the top open-weight result at 53, followed by Kimi K2.6 and DeepSeek V4 Pro in Claude Code at 50. These are strong results, but still meaningfully behind the top proprietary models. ➤ Gemini 3.1 Pro in Gemini CLI underperforms: Gemini 3.1 Pro in Gemini CLI scores 43, well below where Gemini 3.1 Pro sits on our Intelligence Index, highlighting that Gemini’s performance in Gemini CLI remains a relative weak spot for Google’s offering. ➤ Cost per task (API token pricing) varies >30x: Composer 2 in Cursor CLI is cheapest at $0.07/task, followed by DeepSeek V4 Pro in Claude Code at $0.35/task and Kimi K2.6 in Claude Code at $0.76/task. At the high end, GPT-5.5 in Codex costs $2.21/task, while GLM-5.1 in Claude Code costs $2.26/task. For both models this was contributed to by high token usage, and in GPT-5.5’s case by a relatively higher per token cost. ➤ Token usage varies >3x: GLM-5.1 in Claude Code uses the most tokens at 4.8M/task, followed by Kimi K2.6 at 3.7M/task and DeepSeek V4 Pro at 3.5M/task. GPT-5.5 in Codex uses 2.8M tokens/task, substantially more than Opus 4.7 in Claude Code at 1.7M/task. In GLM-5.1’s case, higher token usage, cost and execution time were partly driven by the model entering loops on some tasks. ➤ Cache hit rates remain high but vary materially: Cache hit rates range from 80% to 96% across combinations. Provider routing, harness prompt structure and cache behavior can materially change the economics of running the same model given cached inputs are typically <50% the API price of regular input tokens. ➤ Time per task varies >7x: Opus 4.7 in Claude Code is fastest at ~6 minutes/task, while Kimi K2.6 in Claude Code is slowest at ~40 minutes/task. This is contributed to by differences in average turns per task, token usage and API serving speed. Opus 4.7 had materially lower amount of turns to complete a task than all other models while Kimi K2.6 had the most. ➤ Cursor made real progress with Composer 2: Composer 2 in Cursor CLI scores 48, near the leading open-weight model results, while being the cheapest combination measured at $0.07/task. Cursor has stated Composer 2 is built from Kimi K2.5, showcasing they have made substantial post-training gains. This is just the start. We are planning to add additional agents (both harnesses and models). Let us know what you would like to see added next.

2026 年了，BTC 周末做空波动率还能赚钱吗？ @cryptarbitrage 去年在 Deribit Insights 上发表了《再谈 BTC 周末做空波动率策略》，他在文中介绍了一个在 ETF 上市后依然有效的简单策略： 周五 16:00 UTC 卖出一组周日 08:00 UTC 到期、35 delta 的 BTC 宽跨式，持有到期不做对冲。 这个策略在 2024 年 9 月至 2025 年 4 月的样本期取得了年化收益 41%、最大回撤 4.5%、夏普 5.31 的成绩(含面值万 3 手续费 + 5% 报价滑点)。原文作者甚至花了大量篇幅解释这是做空波动率策略在短窗口的超常发挥，不可以当做常态处理。 一年过去了，这个策略在公开发表后是否还存在超额收益呢？我们通过正在内测的格致期权回测功能，将策略表现更新至 2026 年 5 月 8 日，结果发现：周末做空波动率策略虽然经历了 2025 年 10 月和 2026 年 1 月两次闪崩，但夏普依然稳定在 2.24，最大回撤为 5.2% 周末效应的风险溢价没因为策略公开就消失，两次闪崩属于做空波动率的常态尾部风险，当前市场的隐含波动率整体降低，单笔盈利缩水，总体表现打了折。

$PROS Launched, Now the Next Phase Starts Pharos is excited to announce that following the $PROS launch, Pharos has met the investment benchmark set during the strategic agreement with GCL new energy! Soon the two parties will start the first phase of the equitity-to-token swap. Final regulatory procedures are currently being executed Based on this milestone, Pharos and GCL New Energy will extend the partnership through: - Deep Integration of web2 industrial assets and web3 Infrastructure - A2A Marketplace: Deployment of decentralized trading for global energy and AI compute assets - Quantum Security: Implementation of post-quantum cryptography to secure large-scale industrial on-chain migration Dividends from this strategic investment will be dedicated to $PROS buybacks and will be shared with $PROS holders 🌊

Top 5 Layer 1 Chains By Active Users (Q1 2026) 🔹 $BNB Chain leads Layer 1 networks with 4.5M daily active users, followed by $TRX at 3.2M, while $NEAR and $SOL stay neck-and-neck in the mid-tier. 🔹 Will these rankings shift as user adoption accelerates across L1 ecosystems in Q1 2026? #CoinPedia# #CryptoNews# #Blockchain# #CryptoMarket#

Web3 中文播客汇总清单： 01倾听构建者、投资人与思想领袖的一线声音 🎙️Web3 101 •简介：探索区块链技术、商业与人文的交汇，关注影响行业发展的重大转折点。 •主理人：泓君（硅谷101主播）、FengLiu •主理人X： @hongjun60 @fishkiller @Web3_101 •收听链接： 🎙️吴说不加密播客 •简介：吴说区块链出品，深度对话行业内有趣有料的专业人士，多为深度采访文章的音频版。 •主理人：Colin Wu •主理人X：@colinwu •收听链接： 🎙️Sea Talk •简介：以人为本的访谈，主理人 Sea 哥拥有十多年产品经理经验，挖掘局内人关于技术、产品与投资的洞察。 •主理人：Sea 哥 •主理人X：@SeaTalk_ •收听链接： 🎙️HODLong 后浪 & 51% （双语） •简介：由 Mable Jiang 主理。旨在探索 Web3 社区、项目运营者与投资人的真实想法。 注：经典播客《51%》已停更，精彩内容现已合并至《后浪》栏目中重新播出。 •主理人：Mable Jiang (前 Multicoin Capital) •主理人X：@mablejiang •收听链接： 🎙️社长会客厅 •栏目介绍：Web3 营销研习社出品。邀请行业最具判断力的营销负责人、品牌主理人与投资人，从一线视角拆解 Web3 营销背后的方法论、抉择与结构性机会。 •主理人：yuanyuan（15年市场媒体人，Web3从业7年） •主理人X：@cryptoyuanyuan •收听链接： 🎙️币市观察局 •简介：BitMart 推出的深度栏目。围绕金融创新、技术演进与长期趋势展开对谈，留下对行业真正有参考价值的判断。 •出品方X：@BitMartExchange、@BitMart_zh •主理人：yuanyuan （@cryptoyuanyuan） •收听链接： 02 全球视野与跨界对话 连接东西方，探索科技、人文与全球化叙事 🎙️Bill it up •简介：致力于打造全球首个连接东方与西方、科技与人文的跨界沟通平台（含中英文访谈）。 •主理人：Bill Qian（常驻迪拜，全球首个创立科技企业在中东IPO的华人） •主理人X： @bill_qian •收听链接： 🎙️Day1 Global 生而全球 •简介：探索如何通过 Web3 & AI，在全球化时代打造超级个体，让价值回归个人。 •主理人：Ruby & Star •主理人X： @Rubywang & @starzq •收听链接 🎙️Cryptoria •简介：Web3 的 Builder 和观察者，致力于用简单的语言，讲述纷乱繁杂的加密世界，连接东西方认知。 •主理人：Vivienne Su & Z.Ou •主理人X：@Vivienne_smile / @zhiyangxyz （艺术家和经济学家的Web3碎碎念） •收听链接： 🎙️加密厨房 CryptoKitchen •简介：美食与加密的奇妙碰撞，一起钻兔子洞。 •主理人：Jean Chen & •主理人X：@cryptojean27 @kaylawangnow @CryptoKitchenCN •收听链接： 03 每日资讯与市场追踪 碎片化时间，快速捕捉全球动态 🎙️Web3的加密吗喽 •简介：每日人工筛选全球数百条资讯，专注政策监管、技术进展及机构动向。 •更新：每周5更 •主理人：菜菜 •主理人X：@TaiCai8864 •收听链接： 🎙️PA加密圆桌派 •简介：PANews 出品，每日更新的加密新闻日报与行业话题解析。 •出品方X：@PANews •收听链接： 🎙️Web3+ •简介：AI 播客拆解热点，聊聊 Web3 里的科技、人文与商业。 •主理人：Eric •收听链接： 🎙️Let's Flow •简介：深潮 TechFlow 出品，解读新闻背后的故事，AMA 音频化。 •出品方X：@TechFlowPost •收听链接： 04 垂直赛道：支付、稳定币与AI 聚焦细分领域，看懂落地应用 🎙️支无不言 •简介：聚焦稳定币支付、AI Agent 经济与合规，讨论加密技术的商业落地。 •主理人：Hazel Hu (华语公共物品基金GCC主理人) & Ivy Zeng (Agentic Payment 运营负责人) •主理人X：@0xHY2049 @IvyLeanIn •收听链接： 🎙️锵锵Web3人行 •简介：立足香港，关注 RWA、稳定币、加密支付等宏观叙事与具体赛道。 •主理人：EstherJ •主理人X：@estherinweb3 •收听链接： 🎙️精通稳定币 •简介：解码稳定币经济体系，将复杂的金融轨道转译为可落地的分析框架。 •主理人：Jean Chen &中本姜 •主理人X：@cryptojean27 @MstrStablecoin •收听链接： 05 投资逻辑与商业思考 从资本与商业角度，复盘逻辑与趋势 🎙️The Wanderers 流浪者 •简介：投资与科技领域好友的半严肃对话，关注 AI、美股与 Web3。 •主理人：易然 Jason @Jhy256 Vinvent •收听链接： 🎙️Web3 Mint To Be •简介：Mint Ventures 出品，厘清行业热点背后的真实，提供商业洞察。 •主理人：Alex (Mint Ventures投资合伙人) •主理人 X：@xuxiaopengmint •收听链接： 🎙️币思达研究院 •简介：专注二级市场与基本面研究，用数据辅助投资决策。 •收听链接： 🎙️猜想与反驳 •简介：E2M Research 发起，将书本思想应用于投资实践。 •常驻嘉宾：@bitfish @pcfli （都是大佬👍） •收听链接： 06 个人成长与生活 Web3 之外的内心探索与烟火气 🎙️游客 2 号 •简介：分享商业见解与自我成长的陪伴型播客。 •主理人：Linda (@goldwillcapital 创始人) •主理人X：@lindatian521 •收听链接： 🎙️人生拐点 •简介：记录创业中途的停顿与转向，探讨何时坚持、何时止损。 •主理人：Yuki (Stablehunter CEO) •主理人X：@Yukiiiiiya •收听链接： 特别说明 · 整理不易，如转载转发请注明作者出处 @cryptoyuanyuan ，如有信息需要添加或更正也可以联系更新。 · 大部分节目都可在小宇宙 App 搜索订阅，海外用户推荐使用 Apple Podcast 或 Spotify。 · 如果喜欢这些播客内容，一定要记得常听常分享。 · 希望大家都能一起学习，突破认知，实现成长。

I didn’t expect an article this long to reach millions in today’s 3-second attention span economy. I’ve read every single quote and comment. To be honest, I’m overwhelmed. I’ve never felt this much warmth on this platform. And I’m just deeply, sincerely grateful. Thank you, truly. I’m not much different from anyone else who just entered this space. The only real difference is that I’ve bled more. I’ve lost more. As a Christian, my faith gave me this habit of constant reflection, and forced me to look in the mirror and face the rot inside me. It gave me a way out when I was drowning, and eventually, that became my redemption. Crypto was meant to be about anarchy. It was meant to be the middle finger to the gatekeepers in suits who think they’re better than us. That spirit feels dead lately, but I still believe in it. I have to. This space changed my life, and I’ll keep building here until the wheels fall off. But I’m not going to pretend I had some perfect journey. In my early years, I got absolutely fucked by Ponzis. I couldn't control my greed and lost most of my early Bitcoin (thank you, MMM). I was just a naive kid. Every time I think about this part, I want to apologize to my mom. She had zero clue what I was actually doing. I was literally sneaking out every other night to act as a middleman in Vancouver’s nightlife. I was sourcing and flipping Moutai, whiskey, and expensive cigarettes to rich Chinese university students. I was the one brokering the VIP tables and getting people through the door. Honestly, I was just really good at getting rich kids to come to parties. I know people look down on that kind of "job." It isn't something people proudly say like "I worked at Google." But I’m proud of it. I was literally making an entry-level Google salary as a teenager just by being a better hustler than the adults. Without that hustle, I wouldn't have anything I have today. That revenue stream was the only reason I could keep buying back into Bitcoin. I was sitting on a level of wealth I had to hide from my parents for years. No parent in their right mind would let an underage kid handle that amount of wealth. I’ve never known what it’s like to get rich quick overnight. For me, it was always a long, grueling season. The closest I ever came to “getting rich overnight” was thanks to Cryptokitties. Watching my kitties flip every day for weeks while ETH was mooning... that was the first time I actually felt like I’d made it. But the scariest thing is when God gives you a "trial card" to see a world you aren’t ready for, only to snatch it back and throw you to the bottom. In late 2018, when prices had dumped to a devastating low (again...), I had to go right back to the middleman business to get more bullets. But that time, I was different. My faith had shifted my perspective. I wasn't just chasing a high anymore. I knew, with everything in me, that crypto was the destiny I was meant to build. If you're at your lowest right now, don't let the ego stop you. I've been in those dark times too. Nothing is "too tacky" when you are grinding to fund your vision. Whether you're hauling inventory, flipping goods, or doing the gritty backend work no one else wants to touch - do what you need to do. Tell those who try to shame you to fuck off. Because when you finally make it one day, they will all come back to you acting like they were your biggest fans from the start. The people judging you from the sidelines aren't the ones who are going to change your life. You are. Keep building. I'm right here with you.

感谢@BlockFocus11 @byreal_io的圣诞礼盒，🍓很香甜，仪式感，圣诞氛围拉满了。 感恩遇见BF，期待2026年与BF的更多合作机会，可以解锁无限可能。 ㊗️BF的所有老师们 @CryptoErgou @MetaEu7 @Cryptowushi ¹²🎄₂₅ ≽^•༚• ྀི≼🎄 🧣- ̗̀圣诞快樂  ̖́-🐿️ 🎅🏻 ༘圣诞buff 好运叠满*.❅· 🍎「平安·喜樂 萬事·順意」▸ 𝐿𝑢𝑐𝑘𝑦

Solana Breakpoint KOL afterparty ends with police intervention after crypto influencer caught having sex on roof of Abu Dhabi villa Police took guy to station, we all got away intact, not sure what punishment goes for public indecency in Abu Dhabi but praying for @cryptorapcalls