BTC $76,112.03 -0.68%
ETH $2,238.69 -0.26%
BNB $686.21 -1.12%
XRP $1.26 +0.61%
SOL $90.76 -1.03%
TRX $0.3215 +0.16%
DOGE $0.0731 -0.92%
ADA $0.1850 -1.38%
BCH $268.10 -2.03%
LINK $10.73 -2.99%
HYPE $82.37 -0.45%
AAVE $124.88 +0.53%
SUI $0.8683 +0.79%
XLM $0.1583 -1.82%
ZEC $1,172.01 +3.31%
AAPL $328.49 -0.92%
AMZN $245.46 -0.22%
GOOGL $274.39 -2.06%
MSFT $512.01 +0.81%
META $610.41 +0.28%
NVDA $202.46 -0.78%
TSLA $380.61 -5.85%
SNDK $1,062.59 -2.29%
INTC $57.62 -5.17%
SPCX $133.10 -3.12%
MU $821.38 -2.39%
AMD $500.48 +5.55%
BTC $76,112.03 -0.68%
ETH $2,238.69 -0.26%
BNB $686.21 -1.12%
XRP $1.26 +0.61%
SOL $90.76 -1.03%
TRX $0.3215 +0.16%
DOGE $0.0731 -0.92%
ADA $0.1850 -1.38%
BCH $268.10 -2.03%
LINK $10.73 -2.99%
HYPE $82.37 -0.45%
AAVE $124.88 +0.53%
SUI $0.8683 +0.79%
XLM $0.1583 -1.82%
ZEC $1,172.01 +3.31%
AAPL $328.49 -0.92%
AMZN $245.46 -0.22%
GOOGL $274.39 -2.06%
MSFT $512.01 +0.81%
META $610.41 +0.28%
NVDA $202.46 -0.78%
TSLA $380.61 -5.85%
SNDK $1,062.59 -2.29%
INTC $57.62 -5.17%
SPCX $133.10 -3.12%
MU $821.38 -2.39%
AMD $500.48 +5.55%

for

All
Article
Flash

first_img Stablecoin payment platform KAST founder: No token issuance, points converted to Pioneer Units

Raagulan Pathy, co-founder and CEO of the stablecoin payment platform KAST, posted on X in response to emails regarding the conversion of user points into KAST Pioneer Units. He stated that the company's available expressions are constrained by regulations in various countries; the plan has undergone a lengthy process with top law firms and received investor approval, with setup costs reaching millions of dollars, and legal opinions obtained from dozens of countries.Pathy confirmed that KAST Pioneer Units will be issued by a special purpose entity associated with KAST, which is currently the practical path for issuance globally, and user points will be converted into these units. The company will arrange regular redemption events but cannot legally promise specific amounts, dates, or guarantee an increase or decrease in value. Users need to accept the conversion as soon as possible, with relevant details expected to be announced in the app in early December.Regarding the decision not to issue tokens, Pathy stated that historically, no projects in the crypto card and new banking sector have delivered tokens whose prices did not decline; tokens often do not align with community interests, and founding teams and investors can often exit, while token holders bear the volatility and price downturns. He mentioned that not issuing tokens means the team and investors do not have that option, and their rights remain locked in equity; he himself has only net purchased KAST equity and has never sold. He believes that issuing tokens contradicts the goal of building a company worth over $100 billion and considers Pioneer Units to be a more long-term outcome.

first_img Toady Hawk: Appointed CEO of the token issuance platform Clanker, will promote the restart

Base Security Committee member Toady Hawk announced on November 3rd via X that he has accepted the position of CEO at the token issuance platform Clanker, responsible for driving the platform's restart. He stated that Clanker is now managed by Mask Network, which is also the manager of Firefly and Lens Protocol, and has collaborated with the engineering team to promote the restart, with more arrangements to be announced later.Toady Hawk recalled that Clanker was born about two years ago on Farcaster, where users could post on the timeline and tag the platform to issue tokens. The platform later expanded to X and once became the highest trading volume token issuance platform on Base, with related communities including BNKR, DRB, and FAIR. He mentioned that the platform subsequently experienced changes due to early founder controversies, being sold to Farcaster, and the handover to Neynar, which affected it multiple times over the past 18 months. He also stated that he has been working independently since he was 17 and prefers to manage projects he personally founded, but has accepted this position.His listed priorities after taking office include: updating the brand while retaining its original features, improving external communication, and collaborating with the engineering team to align functionalities with current mainstream issuance platforms, covering stock trading pairs, new chain support, and an unnamed first-day support feature. Other matters include rebuilding trust between builders and the trading community, supporting early communities still under construction, and bringing new issuance activities back to the information flow. He also stated that he will assist in planning projects for issuing meme tokens, stock trading pairs, or application tokens, and collaborate with developers who wish to continue building based on the Clanker protocol. The official Clanker account responded on the same day, stating that the restart is in progress.

Alibaba internal testing AI film creation platform Looogen supports local Agent and dual-mode operation

According to "Du Jia," Alibaba is conducting internal testing of the AI film and television creation platform "Looogen," with the slogan "Logical, Self-Produced." This product is positioned as a local agent for short drama and video production, capable of completing script breakdowns, shot design, character and scene material generation, voiceover and music production, and final editing through dialogue, while managing multi-episode material packages and on-set assets, supporting white model rehearsals and video expansion.Looogen offers a desktop client and local operation, supporting Windows and macOS (Intel/Apple dual chips), and provides the capability for private deployment and access to proprietary model channels. All creative sessions, generated materials, and final products are stored on local devices, forming a local closed loop in terms of data and copyright.The product offers two switchable operational modes: the film and television agent dialogue mode, driven by natural language commands for AI to automatically complete the entire process; and the film and television suite workstation mode, where creators can manually enter independent process modules for refined control. The internal test version is equipped with multiple models including Seedance 2.0, supporting three video ratios of 21:9, 16:9, and 9:16, as well as resolutions from 480P to 1080P. The product is still in the internal testing phase, and features and pricing may be adjusted, subject to official information.
app_icon
ChainCatcher Building the Web3 world with innovations.