Anatoly Yakovenko, co-founder of Solana, criticized Elon Musk and Sam Altman's recent call to slow AI development, suggesting their concern is driven by financial motives to protect their companies' $1 trillion market valuations. He argues that rising costs and pressure to show profits have led these AI leaders to halt progress, potentially to maintain dominance and limit competition. Critics also warn that such pauses could stifle innovation and create an artificial duopoly in the AI industry, while global cooperation on AI regulation remains unlikely due to differing international interests. Despite these debates, markets have not reacted negatively, viewing the slowdown as a temporary extension of investment cycles rather than a reduction in AI funding.
Solana (SOL) is under supply pressure due to Pump.fun's large ongoing sales totaling over 5 million SOL worth around $842 million, alongside whale investors shifting SOL into the STONK token. Despite this, exchange data shows net outflows, which may ...
During the Labor Day weekend when traditional stock markets were closed, tokenized stocks on decentralized exchanges traded over $1 billion in volume, nearly matching Friday's activity. Robinhood Chain led with $572.8 million in trades, followed by s...
After a strong August, Bitcoin Spot ETFs faced $462.73 million in outflows from September 8-11, coinciding with Bitcoin's price dropping from about $79K to $77.3K. Major outflows came from Grayscale GBTC and Ark Invest's ARKB. Conversely, Ethereum ET...
The FLWS token has been listed on the Solana blockchain through the Sunrise platform, with issuance attributed to Backpack Securities. This launch marks FLWS as a tokenized equity product named “1-800-FLOWERS.COM – Backpack,” but key details such as ...
Hey Wallet, a Solana-based social wallet that allowed users to send SOL via X handles and tip creators on Discord, announced it is shutting down with no specific date given. Users are urged to export their private keys from heywallet.com and transfer...
