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Share link:In this post: The FCC greenlights new rules to strengthen the security of subsea data cable networks. License bids from adversarial governments will also face an initial presumption of rejection until proven harmless. Anna Gomez believes the new regulations will boost critical investments.
Share link:In this post: South Korea plans to launch an AI foundation model with an investment of 530 billion won ($383 million). The country selected five consortia to develop the project, including Naver, LG AI Research, SK Telecom, NC AI, and Upstage. The government plans to evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027.
Share link:In this post: Modi said he will host Putin in India this year after a detailed call on Ukraine and bilateral ties. Trump raised tariffs on Indian goods to 50% over continued Russian oil imports. Moody’s warned the tariff hike could cut India’s GDP growth and hurt manufacturing plans.
Erebor, a new crypto bank, aims for fast approval by leveraging political connections. While it could boost crypto, concerns about favoritism and corruption loom over its success.
- 18:38Data: 5.34 million LINK have been withdrawn from exchanges in the past 24 hoursAccording to Jinse Finance, on-chain analyst @ali_charts has monitored that in the past 24 hours, 5.34 million LINK have been withdrawn from exchanges.
- 18:13Derive co-founder proposes to increase DRV token supply by 50%Jinse Finance reported that Nick Forster, co-founder of Derive, has proposed expanding the supply of the native token DRV of the on-chain options exchange in order to retain core contributors and reach deals with institutional partners. The proposal was released on Friday, September 12. According to the proposal, Forster suggests issuing an additional 500 million DRV tokens, increasing the total supply by 50%. These tokens will be allocated to the Derive Foundation (which will be renamed from the original Lyra Foundation to reflect the protocol's former name). The proposal estimates that existing holders could be diluted by up to 8.25% per year over the next four years. "Neither the Foundation nor the BVI subsidiary has a sufficient token budget to execute strategic deals at the scale required to align interests for driving protocol adoption," Forster wrote in the proposal. In addition, the proposal disclosed that Derive has severed ties with team members and investors who supported a merger with Synthetix. The merger plan was jointly called off by both parties in May this year after Derive investors criticized it for undervaluing the on-chain options platform.
- 17:52USDe supply surpasses 13 billion, reaching a new all-time highJinse Finance reported that, according to data from the DeFilama platform, as of September 13, the supply of USDe has surpassed 13 billion, reaching 13.3 billion, setting a new all-time high. The increase over the past 7 days was 4.87%.