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first_img The Akash community will migrate from Cosmos to Solana through proposal 346

The Akash community approved the migration of the Akash protocol from the Cosmos independent chain akashnet-2 to the Solana mainnet through governance proposal 346. On-chain data shows that the proposal passed with approximately 97% in favor and a voter turnout of about 68.8%. Akash is an open computing platform aimed at the AI and inference era, gathering distributed computing power supply through a decentralized computing market.The proposal authorizes AKT to be issued as SPL tokens on Solana after the audit is completed at the token and migration portal, and opens a two-year one-way migration portal, allowing AKT holders to migrate to SPL AKT at a 1:1 ratio. Two independent code audits must be completed before the launch, expected to take place within 2 to 3 weeks after the proposal passes. After the migration is completed, the computing power trading market Akash Marketplace, the AI inference platform AkashML, and Akash Homenode will be natively deployed on Solana.The Akash team stated that the reasons for choosing Solana include lower transaction costs, a mature DePIN ecosystem, liquidity, and a large on-chain user base. The proposal did not set a date for the switch of the computing power market; the market migration will still need to be decided by a separate governance vote after the audits and migration rehearsals are passed, and subsequent on-chain decisions will involve market switch proposals, upgrade toggles, and downtime upgrades.

first_img Internet Court handles approximately 12,000 AI agency disputes daily

The dispute resolution protocol Internet Court, supported by GenLayer, allows AI agents to enter into contracts with humans, with funds held in escrow and released once the terms are determined to be fulfilled. This protocol has been in a testing phase for the past year and currently processes about 12,000 rulings daily. It has been used to verify user-uploaded photos for Collective Memory and to handle disputes on argue.fun, with the mainnet expected to launch next month.Disputes are submitted to a jury composed of 5 randomly selected GenLayer validators, each running different AI models, including a series of Claude, Gemini, ChatGPT, and DeepSeek. Initial rulings are completed within minutes by a simple majority, after which appeals can be made to a broader jury of 11, 23, or even up to 1,500 AIs; finality is usually reached within 30 minutes, with a maximum of about 3 hours. This mechanism draws on philosopher Condorcet's jury theorem to reduce single model bias through multiple independent evaluators.The Internet Court open alliance currently has 35 members, including ZKsync, NEAR, Consensys, and UMA. GenLayer has also launched intelligent contracts that support subjective judgments, capable of processing code, natural language, accessing the internet, and understanding images. GenLayer co-founder and CEO Albert Castellana believes this technology can be used to expedite dispute resolutions in prediction markets but also states that AI judgment is still insufficiently reliable to identify deepfakes or resolve neighborhood boundary disputes, with model bias and "representation convergence" potentially leading to groupthink issues.

BitMine increased its holdings by 8,573 ETH last week, bringing the total holdings to approximately 6.06 million coins

According to PR Newswire, BitMine increased its holdings by 8,573 Ethereum last week. As of November 1, 2026, its total Ethereum holdings reached 6,060,506, accounting for approximately 4.9% of the total Ethereum supply.Currently, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $14.5 billion, which includes $498 million in cash and securities, 216 Bitcoin, $180 million in equity assets from Beast Industries, and a $82 million investment in Eightco Holdings (ORBS). In addition, the amount of Ethereum it has staked is 5,227,037 (86% of total holdings), valued at approximately $11.8 billion based on a price of $2,261 per coin, with current annual staking yields of about $358 million.Furthermore, BitMine Chairman Tom Lee stated in the company's weekly report that the market's reaction to the Binance theft incident was relatively mild: on the day of the $1.5 billion theft from Bybit in February 2025, ETH dropped by 8% and accumulated a 20% drop within a week, while the amount stolen from Binance this time was about four times that, yet ETH has only dropped 4% since the incident was disclosed.He believes there are six reasons for this: Binance has the ability to cover all user losses; there was no chain failure of DeFi protocols similar to what happened after the Bybit theft; the industry acted quickly to reduce potential losses by 50%; the FBI identified North Korea as the attacker within two days of the theft, whereas it previously could take up to 180 days; this attack was a penetration of Binance's corporate infrastructure rather than a blockchain vulnerability; and the limited downward price movement indicates that the crypto bull market is still ongoing. Tom Lee believes this shows that the resilience of the crypto industry is strengthening and is better able to withstand nation-state attacks.

U.S. stock optical module leader Marvell announced an all-stock acquisition of optical chip leader Lumentum, with a consideration of approximately 115 billion USD

According to Marvell's announcement, the company has reached a final agreement to acquire Lumentum in an all-stock transaction.The agreement stipulates that Lumentum shareholders will receive 4.500 shares of Marvell common stock for each share they own, implying an enterprise value of approximately $115 billion for Lumentum, equivalent to about $1132 per share, representing a premium of approximately 23.9% over the closing price on October 28, which was unaffected by rumors. After the transaction is completed, existing Marvell shareholders will hold about 67%, while Lumentum shareholders will hold about 33%.Both parties stated that the merger will integrate Marvell's capabilities in electrical and optical interconnects, switching, and custom chips, along with Lumentum's strengths in high-performance lasers, optical transceiver modules, and optical circuit switching, aiming to create a full-stack connectivity portfolio for AI infrastructure and expand the addressable market size to approximately $550 billion.The transaction is expected to achieve over $1 billion in annualized operating cost synergies and is anticipated to enhance Marvell's non-GAAP earnings per share in the first year post-closing. The closing is expected in the first half of 2028, pending approval from both parties' shareholders and regulators. After the closing, Matt Murphy will continue to serve as Chairman and CEO, and three directors from Lumentum, including CEO Michael Hurlston, will join Marvell's board of directors.
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