1KIN Labs, the innovative company behind the modular Layer-2 (L2) gaming-focused blockchain GR1D Network, recently announced the launch of GR1D TERM1NAL, a comprehensive hub designed to transform how gamers discover, collect, and manage exclusive rewards across Web3. This not only simplifies the often fragmented Web3 gaming landscape but also introduces new levels of interoperability and user-friendly features. GR1D TERM1NAL serves as an essential discovery platform, allowing users to explore hand-picked Web3 games and delve into a myriad of exceptional titles. To enhance the user experience, 1KIN Labs has also introduced credit packs that unlock exclusive content, early access opportunities, and special discounts through GR1D TERM1NAL. GR1D packs are now accessible through a digital storefront on Amazon, which is the first of its kind for digital Web3 gaming products on the platform. This enables distribution to Amazon’s massive user base of gamers and provides a seamless stepping stone for gamers looking to dabble in Web3. By abstracting away complex underlying technology, GR1D Network is poised to become a central player in the Web3 gaming landscape, offering a unified and enriched experience through the GR1D TERM1NAL with credit packs distributable through Amazon.
Hero AI Search transforms intricate crypto data into clear, actionable insights, enhancing users’ Web3 experiences
Hero.io has established itself as a novel ecosystem of AI-driven Web3 and DeFi tools. Among these innovations are Hero Browser, Hero Wallet, and Hero AI Search, developed by Apta—a company founded by top-tier Cambridge PhD researchers. Hero AI Search transforms intricate crypto data into clear, actionable insights, enhancing users’ Web3 experiences by making them easier, more secure, and more effective. Hero enables Apta to focus on developing the technology for the Web3 and DeFi verticals. Hero AI Search acts as a natural language interface to a complex system capable of comprehensively deriving insights from an incredible wealth of data. This allows Hero AI search users to query across a large breadth of capabilities. By transforming complex crypto data into actionable insights for users, Hero.io’s AI tools and platform have access to a large range of crypto data sources. By developing specialized AI agents interacting for each data source, Hero’s platform is well informed about various sources of information about the performance of any given coin. This intelligent system can guide users into whether they should trust a particular influencer’s claims or how likely a new coin is to be a rug pull based on the performance of similar coins historically.
AI can play a key role in simplifying the way people interact with DeFi, with chatbots streamlining our interactions through complex protocols
AI can play a key role in simplifying the way people interact with DeFi. With generative AI-powered chatbots capable of conversing with users in a humanlike way, the technology can streamline our interactions with DeFi, guiding us through complex protocols in order to make them more user friendly. By using algorithms that can analyze user’s portfolios and behavior, assess their risk tolerance and study asset price movements and more, it’s possible for AI to deliver tailored advice to users, helping them to make better decisions about when to buy and sell different assets. A cool example of this is the decentralized hedge fund Numerai, which employs AI algorithms to crowdsource predictions made by data scientists. Traders can then use these predictions to make more informed trading decisions, driving their investment decisions in a decentralized and logical way. AI-powered trading bots can automate the actual process of buying and selling DeFi assets, based on predefined strategies. AI is uniquely able to process and summarize vast amounts of data and dig up useful insights from it. By analyzing blockchain data to identify patterns and trends, developers will be able to build more efficient smart contracts, while security can be improved through automated threat detection.
Paypal, EY and Google Cloud are said to be currently using Coinbase for B2B payments
Paypal, EY and Google Cloud are said to be currently using Coinbase (NASDAQ:COIN) for B2B payments. More Fortune 500 companies are reportedly teaming up with Coinbase to explore crypto payments. With a 12-year record of custodying cryptoassets, the digital assets firm says tha tit looks forward to continuing their transformative work with PayPal, Google Cloud, EY and others to bring crypto transformation to all industries across the globe. Major brands and organizations have reportedly taken note of these benefits. Recently, PayPal revealed that it has paid EY invoices using PayPal USD (PYUSD) deposited into EY’s Coinbase Prime account. Using SAP’s Digital Currency Hub, payments were carried out from PayPal’s core SAP ERP for fast execution. With this update, EY joins Google Cloud and others in leveraging Coinbase Prime to accept and custody crypto payments.
State Street is working on tokenizing money market funds as collateral
State Street was exploring tokenized deposits and a stablecoin. However, Donna Milrod the firm’s head of product, told the Financial News that the bank is not currently planning either of these, although she doesn’t rule them out in the future. However, it is working on tokenizing a bond and tokenizing money market funds (MMFs) for use as collateral. Using MMFs as collateral means the funds don’t need to be liquidated in order to be used for margin calls. Tokenization also usually supports instant settlement rather than having to wait for redemption. Collateral mobility is one of the killer use cases for institutional DLT. Onyx by JP Morgan has its Tokenized Collateral Network with BlackRock tokenizing the shares of one of its money market funds late last year. It then pledged them as collateral for a derivatives contract with Barclays. Margin calls are not the only application. Any use cases requiring intraday transactions are a good fit for DLT. Collateral mobility enables swaps of high quality liquid assets (HQLA) amongst banks so they can ensure they hold appropriate assets on their balance sheet for compliance. For this reason, many of the big banks are backers of Europe’s HQLAᵡ.
Theoriq by leveraging blockchain’s immutable ledger alongside community-driven verification and oversight, the AI Agent base layer will provide more visibility and accountability to the development of AI
Theoriq, the developers of a decentralized protocol for governing multi-agent systems, announced the official launch of the Theoriq Testnet. The launch of the Testnet will coincide with multiple collaborations to bring specialized AI agents and Collectives to the Theoriq network, providing advanced problem-solving capabilities and enabling new combinations of agent collectives. By leveraging blockchain’s immutable ledger alongside community-driven verification and oversight, the AI Agent base layer will provide more visibility and accountability to the development of AI while allowing for permissionless communication between agents to foster collaboration and growth. In Theoriq, AI Agents are autonomous software systems that leverage modern generative AI models to plan, access data, use tools, make decisions, and interact with the real world to perform specific functions, each agent can then be structured into Collectives, groups of AI agents designed to perform more complex tasks. The Theoriq Protocol ensures Agents can collaborate smoothly, regardless of how they’re built. Evaluators, specialized Agents dedicated to producing quality signals, contribute to Agents’ reputations and help users discover the best-performing Agents. As well as Optimizers that are specialized Agents designed to enhance the performance of Collectives by identifying optimal Agent formations.
The number of crypto-related litigations brought by the SEC increased four times in the third quarter
The number of crypto-related litigations brought by the SEC increased four times in the third quarter compared to the prior quarter, according to a study by Finbold. From July to September 2024, the SEC filed more digital asset cases than in the entire first quarter of the year. The number of cases climbed to 12 in Q3, a notable rise from just 6 in Q1 and 3 in Q2. In particular, the SEC concentrated on unregistered offerings, which remain the most common complaint. Several firms faced lawsuits for allegedly infringing on securities laws. The report highlighted that despite pushback from the cryptocurrency community over perceived vague regulatory guidelines, the SEC insists that existing rules, including the Howey Test, are clear and enforceable. The increase in litigation also highlights the ongoing exploitation of cryptocurrencies by fraudsters. Notably, the SEC reported a significant romance scam, which deceived investors into losing by promising high returns through fake investment opportunities.