SamFoundation Web3|AI|Blockchain
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LATEST: 🇺🇸 Senator Richard Blumenthal called the "morally binding pledge" AI CEOs signed with Trump last week "worse than ineffectual," arguing it "accomplishes nothing."
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SamFoundation Web3|AI|Blockchain
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🔥 BIG: Kraken parent Payward teams up with Singapore Gulf Bank to offer institutional clients in Asia and the Gulf instant 24/7 settlement for digital asset trades.
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UPDATE: 🇺🇸 President Trump named Jay Clayton AI czar to lead a newly created Super Intelligence Force task force, with Clayton saying "the risk of not being first is high."
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🚨 JUST IN: ZachXBT says he risked $3.5M going undercover inside a Lazarus-linked laundering ring tied to the $1.5B Bybit hack.
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JUST IN: Elon Musk's SpaceX $SPCX surges over $160, surpassing a $2.23 trillion market cap.
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LATEST: 🇺🇸 The CFTC published an advanced notice of proposed rulemaking to establish comprehensive rules for retail crypto transactions, including a new dedicated "crypto asset market" exchange registration category.
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ICYMI: 🏦 Partners Banka says it is now the first domestic commercial bank in Czechia to offer direct Bitcoin trading in its mobile app.
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JUST IN: 🇺🇸 Billionaire Ray Dalio warns of US debt crisis within 3 years.
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🤠 Solana DvP Launches
Solana Foundation has launched Solana DvP, an open settlement standard for banks. The MIT-licensed open-source program transfers the asset and money simultaneously. A trade either settles in full or does not settle, with finality in seconds instead of 1-2 days on traditional markets.
It supports SPL Token and Token-2022, including extensions for regulated issuers, and can be used by any two counterparties with a bank, custodian, or exchange as settlement agent.
J.P. Morgan advised on settlement practices but did not develop or approve the program. Audits are complete, and the foundation says it is ready for real funds. Confidential settlement is planned.
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🔥 NEW: Google and Constellation Energy strike a sweeping deal centered on nuclear power.
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SamFoundation Web3|AI|Blockchain
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LATEST: 📉 Billionaire Ray Dalio told Bloomberg a US debt crisis could hit "within the next three years," noting the government spends about $7T a year while taking in $5T.
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👍 Winklevoss Zcash ETF Filing
Winklevoss Asset Services filed an S-1 with the SEC for the Winklevoss Zcash ETF. The fund would hold ZEC directly and plans to list on Nasdaq under WINK.
Gemini Trust Company, affiliated with the Winklevoss brothers, would serve as custodian. The fee is undisclosed. The filing starts the process, not approval. Regulatory risks around privacy coins and the affiliated custodian could raise conflict-of-interest questions.
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🇨🇳 NEW: The EU is seeking to reduce its trade deficit with China, exceeding €1 billion a day, in Beijing talks that will also address restrictions on rare earth exports.
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LATEST: ⚡️ Ether.fi is moving its core payments onto MoonPay's stack, with ramps, cross-chain trading, virtual accounts, and crypto deposits rolling out in coming months.
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