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U.S. agencies have accused Moonshot, the Chinese company behind Kimi, and five other Chinese AI firms of systematically extracting capabilities from American models. Kimi had rattled markets earlier this year, according to CoinDesk.
Visa is incorporating onchain credit into its stablecoin card business while combining VisaNet settlement data with blockchain lending. Cointelegraph reports that stablecoin payment volume on Visa’s network has risen nearly 200% year over year.
Visa wants blockchain lenders to use VisaNet data to extend credit to stablecoin issuers. Its stablecoin settlement volume has surpassed a $20 billion annualized run rate, up 15 times year over year.
Middle East crypto activity has tripled to $350 billion during the ongoing Iran conflict, the Bitcoin Policy Institute says, citing stronger demand for digital assets and continued Gulf business operations despite disruption.
Hunter Biden is launching LAPTOP, a Base-based memecoin aimed at TRUMP holders. Nearly one-third of its supply could be burned if specified political and market outcomes occur, including a Democratic win in 2028.
Solana’s Transaction v1 feature activates Wednesday, tripling transaction capacity so complex proofs and large multisignature operations can fit in one transaction. Services that read Solana data will need to update for compatibility.
A Coinbase-backed cross-chain project is shutting down after saying bridge fees cannot support always-on infrastructure. A planned burn of 303.3 million ROUTE tokens remains pending, CryptoSlate reported.
The Philippines’ central bank is considering a proposal to pause new payment operator registrations and impose enhanced monitoring and transaction limits on arrangements involving virtual asset service providers, Cointelegraph reported.
Anthropic says Claude spent 11 days converting Fermat’s Last Theorem into 13 million lines of code that computers can verify independently, marking a notable AI application in formal mathematics.
CryptoSlate reports that Wall Street is building a $61 billion bond market around AI data centers, where electricity, cooling and power availability are increasingly important operating and infrastructure considerations.
