News linked to both this project and an event.
Reflection has released Beam, its first open-weight model, with weights now available on Hugging Face under the Apache 2.0 license. Beam is a sparse MoE model with 501 billion total parameters and 23 billion active parameters, designed for coding, reasoning, and long-horizon agent tasks. It offers weights in BF16, FP8, and NVFP4 precisions, along with a speculative decoding drafter model. Building on prior coverage of the model's launch, this update provides additional details on the open-source license and available weight precisions.
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.