“AI can be trained to recognize and adapt to new information and context, making it more effective at identifying vulnerabilities that may not be covered by static analysis rules,” a TokenFi developer who wished to stay anonymous told CoinDesk in an interview. TokenFi, a sister project of meme coin Floki, is building an AI-assisted code auditing platform. Source
Bitcoin (BTC) fell to as low as $50,700 late Wednesday, while ether (ETH) dropped just under $2890 before reversing some losses. Polygon’s MATIC led losses among crypto majors, slipping 7%, while Cardano’s ADA and XRP were down as much as 5%. Meanwhile, the CoinDesk 20 Index (CD20), a benchmark for the biggest and most liquid cryptocurrencies, dropped 1.2%. Source
Gauntlet is a key player in decentralized finance (DeFi), its risk management services used by several of the largest crypto protocols and DAOs. Gauntlet served as a “Risk Steward” for Aave, which involved overseeing the platform’s risk levels, providing regular updates to the Aave community, and manually setting certain lending and borrowing parameters. Morrow said in his post that Gauntlet would begin “working with other contributors to find a replacement” Risk Steward so as not to leave the DAO high-and-dry. Source
Jason Brown, a former co-chief deputy of the attorney general’s office and a former senior federal attorney in New York, backed DCG’s objection to the Genesis settlement with the state, asserting in a court filing that the details of the settlement may not have been arrived at properly. “In any case of this magnitude, I would expect the parties to have engaged in extensive merits-based assessments of the claims prior to finalization of a settlement,” he argued. “It is, in my opinion, not in the usual course to forgo such…
Nvidia's Earnings Beat Estimates, Boosting Broader Market and AI Tokens Source
Warnings this week from the Chamber of Digital Commerce about the bill from Warren may be premature, one of the people said. The group’s CEO, Perianne Boring, sent out a notice with the subject line, “URGENT: Cryptocurrency Under Threat,” that warned that Brown may advance Warren’s bill “effectively banning cryptocurrency in the United States.” Source
Pulling up the drawbridge between Circle and Tron may be the latest sign of a growing divide between regulatory-compliant crypto firms (or at least those that signal compliance friendliness) and black, or gray, market crypto use. Binance, for one, sued by the Department of Justice, delisted USDC some years ago, without clear explanation. Source
Sam Bankman-Fried replaced his former lawyers, Mark Cohen and Christian Everdale, as he’s headed into sentencing negotiations. Source
“This really is coming to play in Plonky3, which is our new proving system,” Brendan Farmer, co-founder of Polygon, said in an interview with CoinDesk. “It’s really, really simple. This just leads to much faster proofs. We expect like seven-to-10x improvement.” Source
In this week’s issue of our weekly blockchain tech newsletter, Sam Kessler explores how “liquid restaking tokens” or LRTs are remaking decentralized finance. PLUS: Starknet’s STRK airdrop, Stellar’s smart-contract facelift and bitcoin’s supply crunch. Source