World Liberty Financial (WLFI), a company linked to the Trump family, has received conditional approval from the OCC to establish a trust bank in the U.S., according to Bloomberg. The application review took seven months. For final approval, the firm must hire an external auditor and maintain a set capital level. Three WLFI investors, including […]
Alibaba will place 710 million new shares to raise HK$80 billion ($10.2 billion). The company will direct all proceeds to artificial intelligence—from computing infrastructure and in-house chips to models and applications. The placement price is HK$112.70 per share. Closing is expected on August 26, subject to customary conditions. According to Reuters, the sale is the […]
The Solana network has initiated three votes on proposals concerning governance, SOL disinflation, and restructuring of base fees. Source: Solana Governance. SGP-0001 (The Solana Constitution) proposes ratifying a “constitution” as the foundational governance document for the blockchain. If approved, the already deployed on-chain svmgov system will be activated. The initiative will also establish two types […]
Amid protests against surveillance cameras, Flock Safety CEO Garrett Langley told Fox News that Americans need to find a “compromise” between privacy and security. “When people focus solely on either privacy or security, their priorities are misplaced. As a country, we need to compromise,” he added. According to Langley, the main task is to ensure […]
Wang Xiaogang, chairman of China’s ACE Robotics, anticipates a breakthrough in the field of embodied AI by the end of 2027. The key drivers will be more advanced robot control models and a significant expansion of datasets on real-world physical interactions, he told Reuters. “We expect a ‘ChatGPT moment’ for embodied intelligence by the end […]
Bitcoin tested $79,500, the Ethereum Foundation warned of possible wallet disruptions, U.S. regulators unveiled new rules for crypto assets, and more from the week. Market rally As of August 17, Bitcoin outpaced the stock market in performance — over the past three months, the asset had beaten the S&P 500 on only one out of […]
Nvidia has signed a $6 billion deal with AI startup Poolside to develop a powerful open-weight model capable of competing with Chinese LLM such as DeepSeek and Kimi K3. This was reported by WSJ citing its own sources. On August 21, Bloomberg reported that the chipmaker agreed to pay Poolside $6 billion for AI model […]
Centralized exchange BitMart announced it is developing a potential restructuring plan as an alternative to a complete business shutdown. This plan may involve a phased resumption of some operations and creditor payments. Update Regarding BitMart’s Potential Restructuring and Business Resumption Plan Dear BitMart Users, We are writing to update you on developments further to our […]
Approximately 10% of web pages on the internet show signs of being created or significantly edited by AI. Among materials published after the release of ChatGPT, this figure exceeds one-third, according to researchers at the Pew Research Center. AI-authored content has become increasingly common online, but where is it coming from? This growth has been […]
The Solana team has implemented the first phase of reducing the average slot time from 400 ms to 350 ms on the mainnet as part of the improvement proposal SIMD-0525. BREAKING: @Solana slot time has dropped to 350ms for the first time as the first reduction under SIMD-0525 goes live at epoch 1020, cutting the […]
