The eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million. Source
Category: ICO
In Conversation With Brian Nelson
I think it goes back to a couple of core principles that Treasury has reflected for a long time in its rulemaking. One is, you know, focus on the activity, not necessarily the product, and then based on the activity, making sure that we are building regulatory obligations to meet the risk associated with that type of activity. And certainly, that reflects the really the core of what we do and how we think about our regulations, which is that they need to be risk based and drive risk based…
Funding Open-Source Generative AI With Crypto
While the momentum in open-source generative AI is strong, a more detailed analysis shows a different reality. Open-source generative AI is facing a massive funding issue. When it comes to large foundation models, only large companies such as Databricks, Snowflake, Meta or well-funded startups like Mistral are keeping up with the performance of large closed models. Most of the releases from other labs, like Databricks and Snowflake, are focused on optimized enterprise workloads, while most of the recent open-source research is focusing on complementary techniques rather than on new models.…
Be Warned, AI Crypto Scams Are on the Rise
AI has arrived, and it’s already changing things in the world of crypto. Coders use it to code, researchers use it to research and, unfortunately, scammers use it to scam. That is the finding of a new report by blockchain analytics firm Elliptic about the emerging risks of AI in perpetuating criminal use of crypto. Source
Will Trump Trounce Biden? Polymarket Traders Are Betting on It.
On the other hand, these traders are betting on what will happen, not what they want to happen. So they are highly incentivized to research and make informed decisions, regardless of their political preferences. In theory, at least, these markets should be a more reliable gauge of sentiment than polling, and perhaps a superior forecasting method as well. Source
Crypto Mixers, Privacy Coins, Layer 2s Complicate Tracing for Law-Enforcement Agencies, EU Innovation Hub for Internal Security Says
“Layer 2 solutions such as the Lightning Network might also be abused by criminals,” the report said. “This can be used, for example, to make payments to each other without making times and amounts of these payments visible. Similarly, new wallet encryption schemes may also complicate lawful access by law enforcement.” Source
TipLink Aims for Crypto Newcomers With Google-Powered Solana Wallet
“It unlocks the rest of the world for easy onboarding,” said CEO Ian Krotinsky. Source
Tether Expects to Invest Over $1B in Deals in the Next Year: Bloomberg
Tether Expects to Invest Over $1B in Deals in the Next Year: Bloomberg Source
Polygon Creates New Grants Program, 1B POL Unlocked Over 10 Years
Those looking to participate in the program can opt into two tracks. The first is what the team calls a “General Grant Track,” which is for builders looking to build anything on Polygon. The second is the “Consumer Crypto Track,” which focuses on projects that drive crypto adoption, including gaming, decentralized social applications, AI and blockchain integrations, and NFT innovations. Source
Lido Introduces 'Restaking Vaults' in Collaboration with Symbiotic, Mellow Finance
The launch comes after restaking platform EigenLayer started to threaten Lido’s dominance in Ethereum DeFi. Source