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LeapNode receives investment from DraperDragon, laying out the Web3×AI infrastructure track

Recently, the AI computing power Token aggregation trading platform leapnode.net announced that it has received investment from the well-known cryptocurrency investment institution DraperDragon. This investment marks a strategic consensus between the two parties in the integration of AI and Web3, aiming to consolidate ecological resources, seize the wave of AI Agent development, and explore the new generation of AI-Web3 infrastructure market, fully reflecting the capital market's recognition of the opportunities and potential of this sector.LeapNode believes that the computing power Token aggregation trading platform for AI is equivalent to trading platforms for Web3. The platform first connects to over 200 cutting-edge AI models through a single API Key, with pricing at 10-30% of the official rates, service availability at 99.9%, and new models quickly launched within 48 hours. To lower the usage threshold, LeapNode has launched ready-to-use Web3 smart assistants and the Mystery Calculation Master, which have received numerous positive reviews, and introduced computing power boxes to allow users to participate in sharing platform profits. The project's vision is to connect models with user Agents and extend the A2A economy, providing support for autonomous payment settlement for AI agents and creating a core settlement layer for the AI Agent ecosystem.

first_img Former SEC and CFTC officials call for regulatory easing to attract the return of crypto perpetual contracts

As the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) accelerate their rule-making efforts for the $2.5 trillion industry amid a legislative stalemate on cryptocurrency market structure during the summer recess, both agencies are advancing multiple crypto-related initiatives. These include re-evaluating the definitions of derivatives such as swaps and perpetual contracts, as well as rewriting the SEC's crypto custody rules.A bipartisan group composed of former CFTC Chairman Chris Giancarlo, former CFTC Commissioners Brian Quintenz and Sharon Brown-Hruska, former SEC Commissioner Steven Wallman, and former SEC Chief Economist Chester Spatt stated in a comment letter sponsored by Kalshi that similar risks should receive similar regulatory treatment, and overlapping rules should not impose additional compliance costs. Giancarlo noted that if federal regulation is calibrated based on actual risks rather than maximum burdens, liquidity will flow back to the U.S., and the longer we wait, the harder it will be to attract that liquidity back.Kalshi estimates that offshore perpetual contract trading volume will exceed $90 trillion by 2025, up from about $28 trillion two years ago. Additionally, the SEC last week submitted its plan to rewrite the custody rules for investment advisers and investment companies to the White House Office of Information and Regulatory Affairs for review, and its "Reg Crypto" proposal has officially entered the Federal Register, with a public comment period ending on October 20.

first_img OpenAI terminates the Cursor model contract, Musk criticizes Altman

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.

first_img Chainalysis sues ICE for exclusively awarding a $94.6 million blockchain analysis contract to TRM Labs

Blockchain analysis company Chainalysis has filed a lawsuit in the U.S. Federal Claims Court, accusing the U.S. Immigration and Customs Enforcement (ICE) of illegally awarding a $94.6 million exclusive contract to competitor TRM Labs. This contract provides forensic software and support services for investigations by the Department of Homeland Security's task force, with a performance period from July 1, 2026, to June 30, 2027. Chainalysis claims this is the largest blockchain analysis contract awarded by the U.S. government to date.In the complaint, Chainalysis pointed out that ICE issued a Request for Information (RFI) on May 28, which included 18 questions regarding capabilities such as a proprietary fraud victim database, AI agent data retrieval, automatic notifications for virtual asset service providers (VASP) to execute voluntary freezes, and collaboration with stablecoin issuers. However, many of the RFI requests did not appear in the final Statement of Need released less than two weeks later, while ICE's market research determined that Chainalysis could not meet the needs based on RFI standards. Chainalysis also noted that "sexual extortion," which was not mentioned in the RFI, became one of the three main task areas in the Statement of Need, and some requirements closely matched TRM's proprietary product architecture.Chainalysis claims it was the only company to submit a capability statement, but ICE completed its market research the next day, determining that TRM was the only vendor capable of meeting all the requirements, and did not pose any follow-up questions to it.
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