China

Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace

Bitmine has significantly increased its ether purchases, narrowing the gap with Strategy's bitcoin accumulation rate. Over the past month, Bitmine has acquired a substantial amount of ether, indicating a strategic shift in its investment approach. Meanwhile, Strategy continues to focus on accumulating bitcoin, maintaining a steady pace. The growing interest in ether from Bitmine highlights the evolving dynamics in the cryptocurrency market. This trend suggests a potential diversification in investment strategies among major players.

Read the full article: CoinDesk

Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses

Aave, along with other decentralized finance (DeFi) projects, has launched a relief initiative called 'DeFi United' to raise funds for victims of the Kelp DAO exploit. The effort successfully raised $300 million to cover the losses incurred from the exploit. This collaborative response highlights the DeFi community'

Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

Ondo Finance has introduced proxy voting for holders of its $700 million tokenized equities, allowing investors to participate in governance decisions. This feature aims to enhance shareholder engagement and democratize the voting process for token holders. The initiative reflects a growing trend in the crypto space to integrate traditional finance

OpenAI Is Building Its Own Smartphone Chip With Qualcomm and MediaTek: Report

OpenAI is reportedly collaborating with Qualcomm and MediaTek to develop its own smartphone chip. This initiative aims to enhance the performance of AI applications on mobile devices. The partnership is expected to leverage Qualcomm's expertise in mobile technology and MediaTek's capabilities in chip design. The move

Elon Musk’s Fight With Colorado Over AI Law Hits Pause as State Considers Revisions

Elon Musk's legal battle with Colorado regarding a new AI law has been temporarily halted as the state considers revisions to the legislation. The law, which aims to regulate artificial intelligence, has faced criticism from Musk and others in the tech industry who argue it could stifle innovation.

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Aave-Led 'DeFi United' Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses

Ondo Finance adds proxy voting for holders of its $700 million tokenized equities

OpenAI Is Building Its Own Smartphone Chip With Qualcomm and MediaTek: Report

Elon Musk’s Fight With Colorado Over AI Law Hits Pause as State Considers Revisions