CoreWeave plans to acquire AI developer platform Weights & Biases for $1.7 billion, merging its high-performance computing infrastructure with the platform’s tools used by over a million AI engineers. As CoreWeave prepares for its IPO, concerns arise over its financial health, including a $863.4 million net loss in 2024, and potential regulatory challenges due to its ties with NVIDIA. Despite these hurdles, Weights & Biases CEO Lukas Biewald expresses optimism about the merger’s potential for innovation.
about CoreWeave to Acquire Weights and Biases in Major AI DealVince Dioquino
0 posts last weekGrayscale Files for Sixth Altcoin ETF Focusing on Hedera HBAR
Grayscale Investments has filed for a new spot Hedera (HBAR) exchange-traded fund (ETF), marking its sixth altcoin-focused ETF. The SEC has acknowledged this filing, along with others for Dogecoin (DOGE), Polkadot (DOT), XRP, Cardano (ADA), and Solana (SOL), indicating a more favorable regulatory environment for altcoin ETFs. Nasdaq previously filed for a HBAR ETF on behalf of Canary Capital, with analysts suggesting higher chances of approval for Hedera and Litecoin.
about Grayscale Files for Sixth Altcoin ETF Focusing on Hedera HBARPump.fun Account Hacked to Promote Fake Solana Meme Tokens
Pump.fun’s X account was hacked, promoting a fraudulent PUMP token that briefly reached a $5 million market cap before declining. Co-founder Alon Cohen confirmed the account remains compromised, and the team is working to regain control while warning followers against interacting with the scam. Security experts suggest the breach may stem from social engineering targeting X employees.
about Pump.fun Account Hacked to Promote Fake Solana Meme TokensFBI Operation Level Up Saves Victims from Crypto Fraud Losses
The FBI’s Operation Level Up has successfully intervened to prevent over 4,300 victims from losing more than $285 million to cryptocurrency fraud, amidst a surge of monthly complaints. Scammers, often targeting tech-savvy individuals aged 30 to 60, employ sophisticated tactics to gain trust and lure victims into investing in fake opportunities. The FBI emphasizes the importance of vigilance and encourages potential victims to report fraud through the Internet Crime Complaint Center.
about FBI Operation Level Up Saves Victims from Crypto Fraud LossesCourt Rules Against Treasury Sanctions on Tornado Cash’s Smart Contracts
A Texas federal court ruled that the U.S. Treasury overstepped its authority by sanctioning Tornado Cash, stating that its immutable smart contracts cannot be classified as “property” under the International Emergency Economic Powers Act. This decision follows a similar ruling from the Fifth Circuit and limits the government’s ability to regulate open-source blockchain protocols. Tornado Cash’s native token, TORN, surged over 200% following the ruling, highlighting the ongoing legal battles surrounding the platform amid allegations of facilitating money laundering.
about Court Rules Against Treasury Sanctions on Tornado Cash's Smart ContractsCircle Acquires Largest Tokenized Money Market Fund Amid Growing RWA Interest
Circle has acquired the world’s largest tokenized money market fund, USYC, valued at over $1.25 billion, as it aims to enhance its position against Tether. This move aligns with the growing trend of real-world asset tokenization, projected to reach $50 billion in value by 2025. Meanwhile, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has reported record dividends, distributing over $2 million in July alone, highlighting the increasing interest in tokenized financial products.
about Circle Acquires Largest Tokenized Money Market Fund Amid Growing RWA Interest