OpenAI officially launched its highly anticipated GPT-5 language model on September 12, 2024. The release features the o1-preview and o1-mini models, marking a significant advancement in AI capabilities. GPT-5’s development had been the subject of much speculation, with earlier predictions placing its release sometime between 2024 and 2026.
Now that GPT-5 is publicly available, its improved capabilities across various domains, particularly in reasoning and problem-solving, are turning heads.
GPT-5 Excels in Reasoning and STEM Performance
OpenAI has reported GPT-5’s remarkable performance on several benchmark tests, particularly in STEM fields. The new model demonstrated near-human reasoning abilities in areas like physics, chemistry, and biology. OpenAI’s data shows GPT-5 performed at the level of PhD students in these disciplines, highlighting its strength in tackling complex academic tasks.
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The model also scored among the top 500 students in the United States Math Olympiad qualifier, further proving its mathematical problem-solving skills. GPT-5 even ranked in the 89th percentile on Codeforces, a competitive coding platform, showing its proficiency in programming.
NEAR Protocol: Cooling Off in the Derivatives Market
Meanwhile, various AI tokens are seeing price swings. NEAR Protocol is trading at $4.61, with a 24-hour trading volume of $244,795,709. Its price has dipped 0.55% in the last 24 hours, leaving its market capitalization at $5,597,647,460. NEAR Protocol’s circulating supply is currently 1,213,974,369 coins.
Source: Coinglass
The derivatives market for NEAR Protocol appears to be cooling down. Its trading volume has fallen by 12.87% to $282.56 million, and open interest has dropped by 2.50% to $203.83 million. Despite bullish sentiment on Binance and OKX, where the long/short ratios are around 2.4, the market seems volatile. Liquidations, especially of long positions, are on the rise, with $513,060 liquidated in the last 24 hours.
Bittensor Sees Increased Trading Activity
Bittensor (TAO) is priced at $564.54, with a 24-hour trading volume of $187,095,453. Bittensor’s price has fallen by 3.10% in the last 24 hours, and its market cap is now $4,166,833,251. The circulating supply of Bittensor’s TAO coins is 7,380,936.
Source: Coinglass
TAO derivatives have seen a surge in trading activity. Volume has jumped by 35.48% to $438.95 million, although open interest has dipped slightly by 2.26%, suggesting some traders are closing positions. The long/short ratio of 0.947 across most platforms points to mixed market sentiment. On OKX, traders seem more bullish, with a ratio of 1.37. However, $639,900 in long positions were liquidated in the last 24 hours, indicating growing volatility.
Internet Computer Derivatives Heat Up
Internet Computer (ICP) is trading at $8.08, up 2.23% in the last 24 hours, with a market capitalization of $3,814,584,282. The coin’s circulating supply is currently 472,140,124 ICP coins.
Source: Coinglass
The derivatives market for ICP has also picked up, with trading volume rising by 31.13% to $57.12 million and open interest climbing by 5.09% to $45.12 million. Despite generally bearish sentiment, traders on Binance appear bullish, with a long/short ratio of 2.7594. However, long positions are facing pressure, with $43,520 liquidated in the past 24 hours.
Artificial Superintelligence Alliance (FET): Market Challenges Ahead
Artificial Superintelligence Alliance is priced at $1.33, with a 24-hour trading volume of $172,757,737. The coin has decreased by 1.58% in the last 24 hours, leading to a market cap of $3,344,146,589. Its circulating supply is 2,520,000,000 FET coins, with a maximum supply of 2,719,493,897 coins.
Source: Coinglass
FET derivatives are seeing increased trading activity, with volume rising 14.78% to $188.35 million. However, market sentiment remains bearish, as shown by a long/short ratio of 0.8907. Binance traders are more optimistic, with a long/short ratio of 2.7092. Still, long positions are under pressure, with $473,410 liquidated in the last 24 hours, which could mean volatility.
Render (RNDR): Increasing Interest Despite Bearish Sentiment
Render is trading at $5.11, with a 24-hour trading volume of $215,534,119. The coin has experienced a slight decrease of 0.38% in price, resulting in a market cap of $2,647,538,449. The circulating supply of RENDER coins is 517,690,631.
Source: Coinglass
Render is seeing increased activity in the derivatives market. Trading volume is up 8.15% to $80.95 million, and open interest has risen by 4.12% to $60.78 million. While overall sentiment is bearish, Binance traders remain optimistic, with a long/short ratio of 2.6928. However, $171,660 was liquidated from long positions in the last 24 hours, a sign to be cautious.
The Graph (GRT): Navigating Uncertain Market Conditions
The Graph is priced at $0.154344, with a 24-hour trading volume of $70,393,087. The price has fallen by 1.03% over the last 24 hours, leading to a market cap of $1,473,760,761. Its circulating supply stands at 9,548,531,509 GRT coins.
Source: Coinglass
The derivatives market for The Graph is showing less activity, with trading volume down 4.85% to $34.69 million. Open interest has dipped slightly by 0.15% to $26.50 million. Despite the generally bearish sentiment, Binance traders seem bullish, with a long/short ratio of 2.42. However, long positions are under pressure, with $76,430 liquidated in the last 24 hours.
Akash Network (AKT): Cautious Outlook Amid Reduced Volume
Akash Network is priced at $2.33, with a 24-hour trading volume of $6,289,542. It has decreased by 0.49% in the last 24 hours, resulting in a market cap of $578,808,405. The circulating supply stands at 248,285,795 AKT coins, with a maximum supply of 388,539,008 coins.
Source: Coinglass
AKT derivatives show a sharp decline in trading volume, down 14.76% to $2.25 million. However, open interest has surged by 10.06% to $4.28 million, indicating growing trader engagement despite the lower activity. The market sentiment is bearish, with a long/short ratio of 0.8379 suggesting a dominance of short positions. Liquidation data shows $318,990 liquidated from long positions in the past 24 hours, painting a cautious picture in the face of volatility.
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