Onyx to shutdown Ethereum-based lending market, relaunch Onyx Core
After a $3.8 million hack on a long-known security vulnerability, Onyx plans to relaunch its governance-focused financial network with full community support.
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Elon Musk’s lawyers respond to motion to kick Tesla team off Dogecoin case: ‘Waste of this court’s time’
The strongly worded legal filing comes in response to an attempt to have Tesla’s lawyers sanctioned over supposed conflicts of interest and alleged misconduct. Lawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258…

Cryptocurrency is picking up as an instrument for tyranny
Proponents paint Bitcoin (BTC) and other cryptocurrencies as antidotes to totalitarian governments and central banks. Simultaneously, international corporations and startups alike have designed blockchain platforms and products that could be used on behalf of totalitarian governments and central banks. Microsoft body activity dataOne example is Microsoft, which applied for a patent for a cryptocurrency system using…

Synthetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
Synthetix faces fierce competition on the DeFi-oriented layer 2.

Immutable zkEVM begins testnet phase with 12 Web3 games in development
Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs.Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon's own 'holy grail' Ethereum-scaling zkEVM hit mainnet on March 27. In an Aug. 14 announcement, Immutable said its zkEVM will…

Korean banks to research the stablecoins alternative
Hana Bank plans to conduct research on certificate of deposit tokens, while Woori Bank’s research department has already recently released a report on them. Several private banks in South Korea are studying the potential of tokenized deposits technology, an alternative both to private stablecoins and central bank digital currencies (CBDCs). According to the report from Maeli…

Circle contributes 1M USDC to Trump’s Inauguration Committee
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world’s 18th-largest buyers of US government debt.

Bitcoin's OP_CAT proposal could transform the Bitcoin blockchain
The launch of Runes of Bitcoin and the emergence of OP-CAT could redefine the blockchain's ecosystem as early as 2026.

OpenAI says GPT-4 AI cuts content moderation time down from months to hours
Insights gained from these endeavors will contribute to refining current content policies or crafting new ones in uncharted risk domains. OpenAI, the developer behind ChatGPT, is advocating the use of artificial intelligence (AI) utilization in content moderation, asserting its potential to enhance operational efficiencies for social media platforms by expediting the processing of challenging tasks.The AI…