You're tuned in to Tech Beat. Here are the stories shaping the conversation today.
MemeCore's M token collapsed roughly eighty percent in a matter of hours, falling from nearly three dollars to around fifty cents and erasing close to three billion dollars in market value. No exploit, no announcement — just a freefall. Onchain investigator ZachXBT had flagged back in April that insiders appeared to be propping up the price, and today that warning looks prescient.
Across the Pacific, Ripple's RLUSD stablecoin just cleared Japan's financial regulator as a recognized payment instrument, making it one of the first dollar-backed tokens to earn that status in the country. SBI VC Trade will offer it to both institutions and retail customers. The token is still modest in size at about one point seven billion dollars, but the regulatory foothold matters.
And OpenAI has quietly upgraded the free version of ChatGPT with its GPT five point five model, focusing specifically on context — how well the system tracks and reasons across longer, more complex conversations. Free users typically get yesterday's tools, so pushing this improvement to the base tier is a meaningful signal about where OpenAI wants to compete.
Keep surfing. Tech Beat out.
