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BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year.
Bloomberg reports that Dragonfly Capital, a crypto-focused venture company, is preparing to raise $500 million for a new fund aimed at early-stage blockchain projects. So far, over $250 million has been secured, with the full fundraising expected to be completed by the first quarter of 2025.
On September 17, 2024, Microsoft introduced Copilot AI agents aimed at boosting AI efficiency by tailoring to specific user requirements.
Microsoft partnered with G42 to open two artificial intelligence centers in Abu Dhabi, following a $1.5 billion investment made earlier this year. One of these centers will specialize in developing standards for the ethical and responsible use of AI technology across industries.
The decentralized exchange dYdX is set to list perpetual futures on prediction markets. This new offering will allow users to place leveraged bets on event outcomes. This move is expected to attract investors who currently rely on centralized platforms.
On September 16, Donald Trump participated in a livestream on X focused on his sons’ DeFi project, World Liberty Financial. During the meeting, Trump made a bold statement.
Yesterday’s livestream on X unveiled fresh details about Donald Trump’s sons’ DeFi initiative, World Liberty Financial, which we covered in a dedicated article on our website
Flappy Bird, the iconic mobile game, announced a relaunch, featuring a mini-game on Telegram under a marketing campaign called Flap-a-Ton.
At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control.
The Starknet Foundation introduced the Catalyst Program to boost the growth of the Starknet ecosystem and support high-quality decentralized applications through grants. Developers are expected to use these funds to improve user experience and other critical aspects of their projects.
Hedera became the first founding member of the Linux Foundation’s Decentralized Trust (LFDT), transferring control of its source code, including core services, algorithms, and tools, to the foundation. This collaboration will be part of a new project called Hiero.
American AI company Groq partnered with Saudi oil producer Aramco to build an AI data center. This facility is anticipated to be a crucial technological hub for companies across the Middle East, Africa, and India.
Over the past year, European governments have sold approximately €16 billion of bank stocks, initially acquired in 2008 to bolster financial institutions during economic crises. Now, these authorities aim to secure profits and symbolically close that chapter.
In a move that feels like it’s straight out of a crypto-thriller, the UK government proposed a new legislation aimed at clarifying the legal status of digital assets such as cryptocurrencies, NFTs, and others. Known as the Property (Digital Assets etc.) Bill, this marks a significant milestone in providing legal recognition for all digital assets, classifying them as personal property.
The chance that the U.S. Federal Reserve will cut interest rates by 50 basis points in September surged to 47%, according to CME Group data at the time of publication.
Chase Herro, a figure with a contentious reputation, took on a leadership role at the new cryptocurrency platform World Liberty Financial, backed by the Trump family. Herro is notorious for aggressively promoting marijuana products, fake weight-loss supplements, and launching a get-rich-quick subscription course priced at $149 per month.
Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.
OpenAI launched two new AI models equipped with reasoning capabilities: o1 and o1-mini, designed specifically for scientific tasks and programming. These models are distinguished by their extended response generation time, which allows for the application of various strategies and early detection of errors.
A hacker using the pseudonym Amadon discovered a method to bypass ChatGPT’s safeguards and extract detailed instructions for creating homemade explosives using fertilizers. Experts confirmed that the AI did indeed provide step-by-step guidance on how to make explosives.
The U.S. Securities and Exchange Commission (SEC) reached a settlement with eToro, a trading platform, resolving allegations that the company failed to register as a broker. eToro has agreed to pay $1.5 million in fines and limit cryptocurrency trading for U.S. users to only BTC, BCH, and ETH.
Chainalysis released its latest Global Cryptocurrency Adoption Index for the first half of 2024. The report is calculated using several parameters, including the usage of DeFi and CeFi protocols, to evaluate the level of cryptocurrency adoption across more than 150 countries.
Bloomberg reports that OpenAI is on the verge of releasing its latest AI model, named Strawberry, which is expected to improve its ability to reason through tasks. A limited access release is planned for this week, though no public launch date has been announced.
On September 12, Vitalik Buterin wrote on X that starting next year, he will no longer publicly mention L2 projects that haven’t reached at least Stage 1 of his rollup milestones, which he introduced in 2022.
On September 11, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI) year-over-year for August had decreased to 2.5%, down from the previous 2.9%.
After the recent U.S. presidential debate, prediction markets revealed a tie between Vice President Kamala Harris and Donald Trump. The official data on how voters reacted to the debate will be available in the coming days.
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.