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Coinbase CEO floats Chinese open-weight AI models as antidote to runaway bills
Coinbase’s CEO has proposed experimenting with cheaper open-weight AI models to keep AI spending in check as token consumption climbs. This proposal has led to concerns over the security and geopolitical risks of directing enterprise workloads through Chinese-origin systems. Why are companies using Chinese AI models? U.S. export controls have made it harder for Chinese...Cryptopolitan
Sat, Jun 27
Singapore's MAS puts Hyperliquid on investor alert list
The Monetary Authority of Singapore has placed fast developing decentralized trading platform Hyperliquid (HYPE) on its Investor Alert List on Friday, flagging both the Hyper Foundation website and the Hyperliquid trading application as unlicensed entities operating without regulatory authorization in the city-state. The listing makes Hyperliquid one of the first major decentralized finance protocols to...Cryptopolitan
Sat, Jun 27
GameStop will pursue eBay takeover despite initial rejection
GameStop will continue to pursue its unsolicited eBay takeover, weeks after the e-commerce company’s board dismissed the initial $56 billion cash and stock proposal from the retail gaming company as not attractive and borderline insulting. The video game retailer confirmed that it remained dedicated to completing the deal and said “additional materials regarding the proposed...Cryptopolitan
Sat, Jun 27
ARK Invest's Wood backs Bitcoin over AI as 'insurance policy' for global wealth
ARK Invest CEO Cathie Wood has stated that Bitcoin stands apart from the artificial intelligence trade because it offers protection against sovereign currency risk, something no tech stock can offer. “Capital outflows from less stable countries around the world will light another fire under bitcoin and other digital assets,” Wood wrote on X on June...Cryptopolitan
Sat, Jun 27
Zuckerberg asks Meta to seek partnerships with Kalshi and Polymarket
Mark Zuckerberg has told Meta executives to pursue potential partnerships with prediction market platforms Polymarket and Kalshi with the company planning the development of its own competing app called Arena. Meta has seen an aggressive push into the prediction markets sector that has exploded since the 2024 U.S. presidential election. Combined trading volume on Polymarket...Cryptopolitan
Sat, Jun 27
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