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first_img New York City implements a one-year generative AI ban for students in grades 2 to 8

According to Decrypt, New York City Mayor Zohran Mamdani and Education Director Kamar Samuels announced a one-year ban on the use of generative AI for students from 2-K to eighth grade, starting from the 2026-27 school year, affecting nearly 600,000 students, about two-thirds of the city's enrollment. All generative AI software aimed at students is prohibited, and companion chatbots are banned across all grades, including high school.Mamdani stated that the tech industry wants people to view AI-driven early education as an inevitable and necessary trend, but the city government disagrees. He believes that children need teachers and interpersonal interaction to learn and grow. During the ban, New York City will study the impact of AI and tighten screen time: students in second grade and below will be limited to one-on-one device use, while grades three to five will have a daily limit of 30 minutes, and grades six to eight will have 45 minutes.Meanwhile, about 50,000 high school students (about 5%) will be allowed to use approved tools in up to five classes per school, including text analysis tool Quill, math tutoring platform Edia, Intel AI-Ready Schools, Brisk Teaching, and Playlab. Each high school student will also participate in two 45-minute AI literacy courses each year, covering AI fundamentals, bias, risks, ethics, and career impacts. Teachers may still use AI for lesson preparation and administrative work within safety standards, while assistive technology for students with disabilities, multilingual learners, and career preparation programs in computer science will be exempt.

Garrett Jin: Bitcoin holds key support, maintaining a constructive outlook before the end of the year under macro pressures

BTC OG insider whale agent Garrett Jin released a market outlook indicating that the macro environment has clearly tightened this week, with Brent crude oil approaching $95, and the yield on the U.S. 10-year Treasury bond breaking through 4.8%. The market's expectation of a rate hike by the Federal Reserve in September has risen to about 70%. Bitcoin has slightly retraced under this pressure but successfully held the key support level of $76,600, then rebounded to the high range of $77,000.On-chain cost basis data shows that a significant amount of new supply has formed in the $75,000 to $80,000 range, providing strong support for the market; the $80,000 to $82,500 range is currently the largest concentration of resistance. A daily close above $82,500 and a successful retest confirmation will be a key signal for supply clearance. In terms of ETF liquidity, there was a net inflow of about $3.5 billion into U.S. spot ETFs in August, but a two-way flow has appeared at the start of September, with a net outflow of about $237 million on Tuesday, and retail activity has also cooled down.Regarding downside risks, if the daily close falls below $76,600, and ETF flows, Coinbase premiums, and 7-day net realized profits all weaken simultaneously, it will be seen as a clear warning signal. This Friday's non-farm payroll data will be the next important macro testing point; if the data is hot, it will strengthen rate hike expectations, and the $76,600 support may come under pressure again.

first_img Catastrophe bonds are set to go on-chain, with the first tokenization issuance test scheduled for 2027

The law firm Harneys and the tokenization platform droppRWA plan to issue the first catastrophe bond that directly records ownership on the blockchain, with the first trading target set for early 2027. This structure will make the blockchain a legally enforceable record of ownership, with investor registration, qualification review, and payment processes all placed within the same system, reducing reconciliation time from several days to seconds, provided that the necessary regulatory approvals are obtained.The catastrophe bond market is a $65.6 billion market that allows insurance companies, reinsurance companies, and government agencies to transfer natural disaster exposure to capital market investors. The tokenized asset market has nearly tripled in the past year to over $33 billion, and Citigroup expects this sector to reach $5.5 trillion by 2030. The second quarter of 2026 is projected to be the largest quarter in catastrophe bond issuance history, with 48 transactions issuing a total of $11.3 billion, and the Bermuda Stock Exchange accounted for 93% of global catastrophe bond issuance in 2025.To lower the investment threshold, investors will not directly purchase catastrophe bond notes, which typically have a minimum denomination of $250,000, but instead purchase beneficial interests in vehicles that hold the bonds and pass through the returns, with the minimum investment amount expected to drop to $5,000. The project is still subject to applicable regulatory requirements and approvals, and any platform administrator role must be licensed under Bermuda's Digital Asset Business Act 2018.
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