TrueNorth Raises $3M to Build Specialized AI for Trading

A stark paradox defines today’s AI-driven markets: while over half of investors now use tools like ChatGPT for trading decisions, a mere 11% trust the results. This trust gap, representing billions in potential misallocated capital, is the core problem TrueNorth aims to solve. The startup, founded by veterans from Meta, Temasek, and Goldman Sachs, has just secured $3 million in pre-seed funding to build what it calls “the reasoning layer for financial intelligence”—a domain-specific AI designed to stop hallucinating when money is on the line.

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Etherealize Launches as New Marketing Arm for Ethereum Ecosystem

Rumors of a “second foundation” for Ethereum were dismissed by Lido and P2P.org founder Konstantin Lomashuk, who emphasized the need for a clear purpose if such an entity were to form. Shortly after, a new group called Etherealize launched, funded by the Ethereum Foundation, aiming to serve as an institutional marketing and product arm for the Ethereum ecosystem. Led by Vivek Raman, Etherealize seeks to enhance Ethereum’s appeal to traditional finance, promoting its strengths in security, decentralization, and regulatory clarity.

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Tron TRX Price Decline and Potential for Bullish Reversal

Tron (TRX) has seen a significant decline of 45% from its all-time high of $0.450, following a brief parabolic rise in late 2022. Despite a recent breakout from a descending resistance trend line, the price faces critical resistance at the $0.334 level, which could determine its potential for a bullish reversal or further declines. Justin Sun has proposed a four-step plan for the Ethereum Foundation amid ongoing debates about its leadership and direction.

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Debate Surrounds Ethereum Foundation and Proposal for Second Foundation

The Ethereum Foundation (EF) faces criticism for its governance, spending, and insularity, with calls for a restructuring to enhance transparency and effectiveness. Amid discussions of a potential “Second Foundation” to alleviate some of EF’s responsibilities, Vitalik Buterin acknowledges the need for change while maintaining his leadership role. Critics argue that without significant shifts, the EF risks becoming irrelevant in a rapidly evolving ecosystem.

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Lido founder denies existence of Second Foundation amid Ethereum Foundation criticism

Lido co-founder Konstantin Lomashuk clarified that no “Second Foundation” has been established amid speculation following his engagement with a related post. He emphasized that any future organization must have a clear purpose that supports the existing Ethereum community, which has faced criticism for its leadership and participation. Lomashuk’s comments come as Ethereum creator Vitalik Buterin hinted at significant changes within the Ethereum Foundation to enhance its support for developers.

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Ethereum Price Outlook Amid Leadership Criticism and New Foundation Proposal

Ethereum is currently priced at $3,260, with Lido co-founder Konstantin Lomashuk proposing a “Second Foundation” amid criticism of the Ethereum Foundation’s leadership. This comes as Donald Trump’s World Liberty Financial stakes 10,000 ETH, placing it among the top stETH holders.Ethereum could see a 20% rally if it breaks through key resistance levels near $3,550 and $3,770, following a bounce off the $3,216 support. However, bearish pressure persists, and a close below $2,817 would invalidate the bullish outlook.

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Sonic Labs Integrates Chainlink for Enhanced Cross-Chain Interoperability

Sonic Labs has integrated Chainlink’s cross-chain interoperability protocol on its mainnet, enabling developers to create decentralized applications that operate across multiple blockchain networks. This adoption includes Chainlink’s Data Streams and Data Feeds, enhancing network security and facilitating programmable tokens. The move follows Sonic’s participation in the Chainlink SCALE program and aims to boost developer activity, particularly with the recent launch of bridged USDC on the platform.

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