Futu Securities, a well-known Hong Kong-based securities company, has launched a cryptographic “deposit service” for users of the Futu Niuniu platform.The launch will allow investors to deposit and trade major digital assets such as Bitcoin, Ethereum and Tether, according to a statement on May 7th.Already known as Hong Kong’s top stock trading app, Futu Niuniu offers access to a variety of financial products, including Hong Kong, the US and Japanese stocks, ETFs, options, cash funds, and bonds. Adding digital assets is a key step in expanding that ecosystem.The integration allows investors to seamlessly navigate digital and traditional markets, according to…
Author: ₿e Proud
Strive Asset Management has agreed to integrate with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-centric finance company.According to a statement on May 7, the agreement will allow the combined company to operate under the efforts of its company and continue trading on NASDAQ.The company said the move will create the first public asset manager in perfect alignment with the Bitcoin standard.CFO Ben Pham’s efforts stated:”It aims to use all available mechanisms, including new financial strategies not used by other Bitcoin finance companies. It maximizes exposure to Bitcoin. Bitcoin is a hurdle rate and we…
Coinbase has agreed to acquire Crypto Derivatives Platform Deribit on a contract worth approximately $2.9 billion.A mixed cash and Coinbase inventory agreement marks the largest acquisition in the company’s history.DeRibit confirmed its acquisition on X (formerly Twitter) today, May 8th.“We are excited to join forces with Coinbase to promote a new era of global crypto derivatives.This acquisition accelerates the foundation we have built. This brings spots, futures, PERP and options under one trusted brand. ”According to Wall Street Journalthe transaction is in its final stage following several months of discussion. Coinbase aims to solidify its position in cryptographic derivatives. A…
Openai has announced an important pivot, and according to a statement on May 5, it is walking past plans to evolve its previous plans into a traditional for-profit organization.Instead, the organization will maintain its nonprofit roots, shifting its for-profit organizations to public benefits corporations (PBCs), and strengthening its commitment to public interest (AGIs) in the development of artificial general information.According to the statement, the PBC model allows OpenAI to generate revenue, but the non-profit parent holds control and holds substantial stock positions in the new structure.The company noted that this approach is now common among advanced AI labs that have…
The bankrupt FTX missed nearly $5 billion in potential profit after liquidating the early stock of Anysphere behind the rapidly rising AI code editor cursor.The now-deprecated crypto exchange invested $200,000 in Anysphere during the 2022 seed round through trading arm Alameda Research.However, bankruptcy managers sold their shares for the same amount in 2023 long before the company’s value surged.FTX’s ANYSPHERE (Cursor AI) investment sales. (Source: Gautham Elango)On April 5th, Anysphere completed its funding round, pushing its valuation to $9 billion. The round brought in $900 million and included major investors such as Thrive Capital, Andreessen Horowitz and Accel.In January this…
Information is spreading online that Jeffy Yu, co-founder of AI agent MemeCoin Project Zerebro, passed away after a live-streamed suicide on May 4th.Cryptoslate was unable to confirm whether the report was accurate or part of the new AI Memecoin’s dark, elaborate marketing campaign.The event was initially confirmed by an obituary published on Legacy.com, but the page has been deleted.At the time of reporting, no official statements have been issued by his family or project team, and the circumstances surrounding his death remain partially unexamined.This situation has sparked rampant speculation online with various views on the situation.Founder of ZerebroYu, who is…
Stripe has launched a new AI Foundation model for payments, expanding support for Stablecoins and embedded funding.The company made an announcement at its annual session meeting, introducing more than 60 product updates. The enhanced Stablecoin integration comes at $1.1 billion more than six months after the company acquired Bridge for $1.1 billion.AI foundation modelStripe has introduced the world’s first foundation model for payments, trained with hundreds of billions of trading data points. This model dramatically improved fraud detection, increasing the accuracy of card test attack detection from 59% to 97% among major users.Stripe has released an orchestration. It is a…
Openai has launched a new initiative to help the country build artificial intelligence systems rooted in democratic values, according to a statement on May 7th.The Openai for country’s initiative is part of the company’s broader Stargate project, and aims to cooperate with the government in creating an AI framework that supports transparency, accountability and the public interest.According to the company, the program aims to serve as an alternative to the authoritarian approach that AI uses to concentrate control. Instead, Openai wants to help the government in creating a system that allows people to determine how they work for AI.The AI…
Zerebro founder Jeffy Yue was found alive in his parents’ home in San Francisco, confirming growing suspicions that his death had been staged.The live-streamed “suicide” was a tribute viral cascade, the launch of a memorable memo coin and even a digital death, which was faced by a San Francisco Standard reporter on May 7th outside the family’s home.The report said Yu was visibly surprised when he saw the reporter, and that he would be forced to move within a week. Following Sunday’s live stream at Pump.Fun, the elaborate hoax was quickly unleashed.Shortly afterwards, a passionate obituary praised Yu online as…
Venus, the leading Defi Lending protocol, has reached a major milestone in the upcoming list of native tokens XVS for Global Exchange HTX. Scheduled for May 9th, this marks the first XVS list for the finest exchanges in over four years. HTX ranks in the top exchange by trading volumes and is considered a strong reach in Asia and other major markets. XVS Token XVS is a native token of the Venus ecosystem and serves several important functions. It plays a central role in governance, allowing takers to participate in the chain’s vote on protocol development and improvement. Beyond governance,…