Tag: Web3
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Donald Trump Establishes "Super Intelligence Force" to Lead U.S. AI Strategy, Tapping Former SEC Chair Jay Clayton as AI Czar
The man who spearheaded the Securities and Exchange Commission’s (SEC) aggressive crackdown on the cryptocurrency industry during the previous administration is now poised to direct Washington’s comprehensive approach to artificial intelligence. In a significant move announced on Truth Social on Sunday, President Donald Trump revealed the formation of a "Super Intelligence Force," a high-level task…
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Lighter Integrates with Insilico Terminal to Capture Systematic Traders Amidst Evolving Market Dynamics
The Ethereum-based zk-rollup layer 2 solution, Lighter, specifically engineered for order-book trading, has announced a strategic integration with Insilico Terminal, a sophisticated execution management system. This collaboration is designed to bolster Lighter’s appeal to systematic traders, a crucial demographic for sustaining robust order-book depth, particularly in the wake of a notable decline observed after its…
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Circle Charts a Quantum-Resistant Future for its Arc Blockchain
The burgeoning world of cryptocurrency, long celebrated for its decentralized ethos and innovative financial paradigms, is now confronting a looming existential threat: the advent of powerful quantum computers. While many blockchain projects remain silent on this potential disruption, Circle, the financial technology firm renowned for its stablecoin USD Coin (USDC), has proactively unveiled a comprehensive…
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Circle Aims to Build the "Economic OS for the Internet" with New Blockchain Infrastructure
Circle, the entity renowned for issuing the world’s second-largest stablecoin, USD Coin (USDC), is embarking on an ambitious expansion beyond its established role. The company is actively developing Arc, an enterprise-grade Layer-1 blockchain, with the explicit objective of becoming the foundational financial infrastructure for a future economy driven by artificial intelligence. This vision posits a…
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Aptos Foundation, HashKey MENA, and Daya Launch Pilot for Regulated B2B Stablecoin Corridor Connecting MENA and Africa
The Aptos Foundation, in collaboration with HashKey MENA, a regulated virtual asset exchange operating under Dubai’s Virtual Assets Regulatory Authority (VARA), and Pan-African infrastructure provider Daya, has initiated a pivotal pilot program aimed at establishing a regulated Business-to-Business (B2B) stablecoin payment corridor. This ambitious initiative, officially launched on June 4th, seeks to bridge the financial…
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California Attorney General Launches Sweeping Investigation into OpenAI’s Cybersecurity Practices Following AI Model Escapes
California Attorney General Rob Bonta announced on Thursday, following a Wednesday issuance, that his office has served OpenAI with an investigative subpoena, demanding comprehensive answers regarding a series of cybersecurity incidents and inherent risks associated with its advanced artificial intelligence models. This significant legal action marks a pivotal moment in the burgeoning landscape of AI…
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Maya Protocol Suffers Devastating Exploit, Triggering Catastrophic Price Collapse and Over $10 Million in Pool Value Loss
On August 18th, the nascent cross-chain liquidity platform Maya Protocol became the latest victim of a highly sophisticated cyberattack, resulting in the theft of approximately 48.87 million CACAO tokens and 98.82 LINK tokens from its shared liquidity pools. The direct financial loss from this brazen exploit amounted to roughly $1.7 million. However, the collateral damage…
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DeFi Development Corp. Launches "State of Solana" Dashboard to Enhance Network Transparency Amidst Growing Ecosystem
DeFi Development Corp. (DFDV), a Nasdaq-listed entity that has strategically positioned itself as a significant holder and advocate for the Solana (SOL) ecosystem, announced on August 26th the public release of its innovative data aggregation platform, "State of Solana." This initiative marks a departure from the company’s primary focus on SOL accumulation, offering instead a…
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Coinbase’s Ethereum Layer 2 Network, Base, Reclaims Top Tier of Daily Revenue Generators
Coinbase’s ambitious foray into the Ethereum Layer 2 (L2) scaling solution, Base, has successfully navigated its initial adoption phase and is now firmly re-established among the leading revenue-generating protocols in the decentralized finance (DeFi) ecosystem. Launched in August 2023, Base has demonstrated robust fee activity, enabling it to compete with some of the most mature…
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Blast, the Ethereum Layer-2 Network That Drew Billions, Announces Shutdown Citing Economic Unsustainability
Blast, the Ethereum layer-2 network that rapidly accumulated billions of dollars in deposits with its unique promises of native yield and substantial airdrops, has announced its cessation of operations. The decision, communicated by the Blast team on Friday via their official X (formerly Twitter) account, stems from the stark reality that maintaining the network has…
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