Multicoin Capital has invested in Grass through its hedge fund and venture capital arms. Grass is a decentralized physical infrastructure project that connects shared internet bandwidth with artificial intelligence workloads. It incentivizes users to share their unused internet bandwidth, which AI labs then use to collect and process publicly available internet data. This model could enhance AI data processing efficiency by leveraging distributed internet resources.
The story on Multicoin Capital's investment in Grass, a DePIN bandwidth network, provides context for readers interested in decentralized infrastructure projects. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Sep 30, 2026 07:02 WIB: out of 50 major cryptocurrencies, 22 rose and 27 fell. Kusama (KSM) gained 4.39% with 94% of Pluang order activity on the sell side and a typical hold time of 79 days, contrasting with The Graph (GRT) which dropped 4.52% and saw 54% sell orders and a longer hold time of 98 days. Compound (COMP) rose 3.98% with a balanced buy/sell order activity and a hold time close to GRT's at 97 days.
Abracadabra's community has proposed liquidating the protocol following repeated attacks that left its Magic Internet Money (MIM) token severely undercollateralized and unable to regain its peg. The current collateral backing MIM is estimated at $900...
Cosmos Labs has developed a Tokenization Suite that connects banks' existing core ledgers and tokenized-deposit systems with Swift's blockchain-based shared ledger. This integration allows financial institutions to offer 24/7 cross-border payments wi...
Abracadabra has proposed liquidating its decentralized lending protocol, which would result in MIM stablecoin holders recovering only about 4 cents per dollar of debt, reflecting a 96% loss. The proposal estimates recovering $900,000 in assets agains...
Abracadabra DAO is voting on a proposal to close its lending protocol and liquidate the Magic Internet Money (MIM) stablecoin due to $21 million in bad debt causing severe undercollateralization. The stablecoin's backing is now worth less than 4 cent...
China's commerce ministry has warned the European Union that it will respond firmly if the EU imposes restrictions on Chinese businesses or products. This warning comes ahead of high-level trade talks scheduled in Beijing next week, as Europe aims to...
