Here’s what’s happening in Web3 and AI at a glance.
Web3
The Latest Web3 Trend? Racism.
1️⃣ The Solana blockchain has been hit with a string of racial and fascist-based tokens in the last few days, prompting parties such as analytics platforms DEX Screener to review their policies. Solana’s co-founder has criticised the trend, but it is unsure if any action will be taken.
Argentines Clamour For BTC More Than Pesos
2️⃣ Thanks to the dipping value of the Argentine pesos against the dollar, Argentines have been snapping up BTC to hedge their asset value on major exchanges in the country. Bloomberg reported that Argentine BTC purchases have doubled in their weekly average.
Floki Inu Plans For Actual Finance Use Case
3️⃣ The Floki Inu project has unveiled its roadmap which aims to allow digital banking accounts enabling FLOKI funding, a Floki debit card launch, and a Valhalla mainnet release. The debit cards will allow users to connect to their accounts for transactions in fiat currencies.
Is The Market Still Optimistic About BTC?
4️⃣ Things have turned a 180 degrees for BTC as it pulls back from its previous all-time high of $69k back to $64k, with the main reason being Grayscale investors redeeming their assets and uncertainty about the upcoming halving.
EU Moves Forward With Ban On Anonymous Transactions
5️⃣ The EU’s lead committees approved a ban on cryptocurrency transactions via hosted wallets, extending its Anti-Money Laundering laws to target external custodial wallets. Transactions over €3k will be banned for retail use, and €10k for business transactions.
Iceland Clamps Down On Crypto Mining
6️⃣ Iceland has the lead in terms of renewable energy and BTC hashrate, but its Prime Minister has announced its shift to focus its energy on agriculture and increased food production. This reflects broader concerns about BTC’s energy usage and discussions about its environmental impact.
Polygon zkEVM Sequencing Issue Cause Shutdown
7️⃣ Layer-2 Polygon faces downtime with its zkEVM due to a blockchain sequencer issue. The sequencer is responsible for organising and combining transactions into batches for relay to Ethereum and has been down for over 12 hours at the time of writing.
Do Kwon Released In Montenegro, Court Contemplates Extradition
8️⃣ The founder of Terraform Labs, which was behind the crash of the Terra network in 2022, has been released after serving time for travelling with fake documents. Meanwhile, he faces the possibility of extradition back to his home country of South Korea.
AI
Here’s what’s happening in AI in 1 minute.
UN Adopts Global Resolution Regulating AI
1️⃣ The United Nations recently passed a global resolution to promote safe and trustworthy AI development, and urge world governments to establish safeguards, practices, and standards, with specialised agencies tasked to address AI issues.
No-go For Saudi Arabia Share Purchase
2️⃣ AI firm Anthropic has blocked Saudi Arabia from purchasing its shares, which are being sold by FTX, due to national security risks. The founders have cited geopolitical complexities and Saudi Arabia’s human rights record as reasons for the block.
Solving AI Hurdle Could Shake Up Industries
3️⃣ Nvidia CEO Jensen Huang predicts that the hallucination challenge in AI will be easily resolved within five years, highlighting the importance of artificial general intelligence, and how solving this would revolutionise the finance industry.
ChatGPT 5 To Be Released Soon
4️⃣ OpenAI’s CEO Sam Altman unveiled the upcoming release of ChatGPT 5 in the coming months whilst in a recent interview. At the same time, he confirms that the company will also be renewing its focus on robotics as well.
AI Race Between Countries Is Heating Up
5️⃣ The AI race is heating up with a slew of countries, companies, and legislations dominating the AI conversation. This includes Google’s €25M investment and French AI collaboration, and Singapore aiming to be an AI hub in Asia.
Ubisoft Uses AI To Improve NPCs
6️⃣ Ubisoft unveiled its NEO NPCs which showcases advanced abilities like emotion, memory, and decision-making. These NPCs promise richer interactions and uses generative AI for interactive conversations plus realistic facial movements.
Google Pays French Fine For AI Rule Breach
7️⃣ A French AI watchdog has made Google agree to pay a fine for violating EU intellectual property laws related to its Gemini platform. The breach includes allegations that Google had used content from French publishers without proper notification.
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