As Ethereum (ETH) trades within strike distances from the all-time high (ATH), chain-on-chain data shows that the second-largest cryptocurrency by market capitalization is experiencing an increase in purchasing pressure. The asset is currently priced in the $4,600 range, weighing just 4% of the ATH. Ethereum Net Daily Outflows has reached 40,000 Over the past month, more than 1.2 million ETH have withdrawn from the crypto exchange, according to a crypto staple Quicktake post by contributor Burakkesmeci. Analysts suggested that Ethereum’s upward trend is likely to continue. Related readings For context, ETH has surged 53.8% last month, highlighting strong purchase pressure…
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Igor Babuschkin, a co-founder of Elon Musk’s xAI startup, announced his departure from the company on Wednesday in a post on X. Babuschkin led engineering teams at xAI and helped build the startup into one of Silicon Valley’s leading AI model developers just a few years after it was founded. “Today was my last day at xAI, the company that I helped start with Elon Musk in 2023,” Babuschkin wrote in the post. “I still remember the day I first met Elon, we talked for hours about AI and what the future might hold. We both felt that a new…
Key Takeaways Google Play will ban non-custodial crypto wallets unless developers have a FinCEN, state banking, or MiCA license. This new policy will effectively remove non-custodial wallets from the Google Play Store in the European Union where MiCA applies. Share this article Google Play Store will require crypto wallet developers to hold banking or money services licenses before listing their apps, according to The Rage report.The policy applies in 15 jurisdictions, including the US and EU, and makes no distinction between custodial and non-custodial wallets.In the US, developers must register with FinCEN as a Money Services Business and as a…
I’m riding in the back of a Waymo that’s autonomously navigating the busy streets of San Francisco with relative ease thanks to 29 external cameras, six radar, and five lidar sensors all feeding into an AI model. For just 15 bucks, I get to experience what feels like a miracle of modern technology, and yet, there’s a nagging thought I can’t shake. The music sucks in here. Waymo’s music-streaming feature has felt like an aged barnacle attached to a futuristic shell. Until this week, passengers were limited to a few music stations that played lo-fi beats, smooth jazz, K-pop, or…
Anthropic has acquired the co-founders and most of the team behind Humanloop — a platform for prompt management, LLM evaluation, and observability — in a push to strengthen its enterprise strategy. The terms of the deal were not shared, but it appears to follow the acqui-hire playbook we’re increasingly seeing in the tech industry amid the war for AI talent. Humanloop’s three co-founders — CEO Raza Habib, CTO Peter Hayes, and CPO Jordan Burgess — have all joined Anthropic, alongside around a dozen engineers and researchers. Anthropic is growing fast in the enterprise space as it leads in agentic and…
Key Takeaways A data leak exposed the names and emails of FTX creditors ahead of the next payout round. Scammers are targeting claimants with phishing emails, urging vigilance and use of official claim sites. Share this article Sunil Kavuri, a known FTX creditor activist, has warned that the full names and email addresses of FTX creditors have been leaked. Warning: Phishing Scam Email Full name, email addresses of FTX creditors revealed New or old data leak 1) Do not click on email links 2) Check Sender addresses 3) Go direct to claims portal or official address. Do not click on…
India-based audio series platform maker Pocket FM aims to be the Netflix of audio. That is, the company intends to match its audio series with hundreds of episodes to its users’ tastes. For that to work, it needs to release content rapidly — something it’s now turning to AI to help with. The Lightspeed-backed startup is giving its writers an AI tool set that can do things like suggest better endings to an episode or make the narrative more engaging. The hope is that the tools will speed up the storywriting process. Pocket FM already uses some AI tools like…
Key Takeaways Choreo LLC reports its first-ever Bitcoin ETF holdings valued at around $6.5 million. The firm’s largest position is in iShares Bitcoin Trust ETF, with significant allocations to GBTC, FBTC, and BTC. Share this article Choreo, an independent wealth management firm with over $27 billion in assets under management, has officially entered the Bitcoin ETF rush, revealing around $6.5 million invested across multiple funds.According to a Wednesday filing with the SEC, Choreo’s largest stake was in BlackRock’s iShares Bitcoin Trust ETF (IBIT), with 51,679 shares valued at over $3 million as of June 30.The firm also held 22,976 shares…
Animals like bats, whales and insects have long used acoustic signals for communication and navigation. Now, an international team of scientists have taken a page from nature’s playbook to model micro-sized robots that use sound waves to coordinate into large swarms that exhibit intelligent-like behavior. The robot groups could one day carry out complex tasks like exploring disaster zones, cleaning up pollution, or performing medical treatments from inside the body, according to team lead Igor Aronson, Huck Chair Professor of Biomedical Engineering, Chemistry, and Mathematics at Penn State. “Picture swarms of bees or midges,” Aronson said. “They move, that creates…
When NeoLogic started building its more energy-efficient CPUs for AI servers, folks in the industry told its founders Avi Messica and Ziv Leshem that their idea wasn’t viable. “Most of the people that we have met say it’s impossible,” Messica told TechCrunch. “Some of them told us, at the time, that the innovation is impossible because you cannot innovate in logic synthesis. You can’t innovate in circuit design. It’s too mature.” Israel-based NeoLogic nevertheless set out to prove them wrong, and the fabless semiconductor startup has been building a server CPU that uses more simplified logic — how a chip…