Isomorphic Labs, an AI-driven drug discovery company and subsidiary of Alphabet, has secured $600 million in its first external funding round. The investment was led by Thrive Capital, with participation from GV (formerly Google Ventures) and additional backing from Alphabet. Founded in 2021 and based in London, Isomorphic Labs aims
Investor Kevin O'Leary stated that under President Donald Trump's administration, cryptocurrency is moving away from its "cowboy era" and becoming more integrated with financial institutions. This shift follows increased regulation and oversight in the crypto industry, aiming to transform it into a more legitimate
Elon Musk addressed misconceptions regarding Dogecoin's involvement with government initiatives, emphasizing that the "Department of Governmental Efficiency" (D.O.G.E.) is unrelated to the cryptocurrency. This clarification aims to dispel rumors about Dogecoin's official use in governmental operations.
Japan's Financial Services Agency (FSA) is considering a proposal to reclassify cryptocurrencies as financial products, a move that could bring stricter regulations and greater investor protection to the industry. * Legal Reclassification: Cryptocurrencies may soon be recognized as traditional financial instruments rather than speculative assets. * Investor Protection: The new
AI is making its mark in the decentralized finance (DeFi) ecosystem, leading to the emergence of DeFAI (Decentralized Finance with Artificial Intelligence). This integration is transforming financial systems by automating trading strategies, optimizing risk management, and enhancing user experiences. Key Developments in DeFAI 1. AI-Powered Trading Bots – These bots analyze
World Liberty Financial, a cryptocurrency venture established by Donald Trump and his sons, plans to launch a stablecoin called USD1. This stablecoin will be entirely backed by U.S. treasuries, dollars, and cash equivalents, aiming to provide a reliable digital asset for cross-border transactions by sovereign investors and major institutions.
The Federal Deposit Insurance Corporation (FDIC) announced that banks no longer need prior approval to engage in cryptocurrency-related activities, such as holding digital assets or partnering with crypto companies. This marks a significant policy reversal from the cautionary stance adopted two years ago under the Trump administration. FDIC acting chairman,
Wyoming has commenced testing its state-backed stablecoin, WYST, across multiple blockchain platforms, including Avalanche, Solana, Ethereum, Arbitrum, Optimism, Polygon, and Base. This initiative positions Wyoming as one of the first U.S. states to launch a government-backed stablecoin, aiming to provide a secure and regulated digital asset for its residents.
Senator Elizabeth Warren and four other Democrats have expressed apprehension regarding potential conflicts of interest that U.S. financial regulators might face in overseeing a cryptocurrency initiative led by President Trump and his family. In a letter to the Federal Reserve and the Office of the Comptroller of the Currency,
Paul Atkins, President Donald Trump's nominee for Chair of the Securities and Exchange Commission (SEC), emphasized a pro-cryptocurrency stance during his Senate banking panel confirmation hearing. Atkins criticized aspects of former SEC chair Gary Gensler's tenure and declared digital assets a top priority. He advocated for
A recent analysis highlights the top AI cryptocurrencies poised for significant growth. These tokens showcase diverse use cases, from decentralized computing to metaverse applications. As the demand for AI-driven blockchain solutions rises, these projects offer substantial growth potential for investors. Heading into 2025, these tokens are worth watching for their
Franklin Templeton, one of the world’s largest asset management firms, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a Solana-based exchange-traded fund (ETF), marking a significant step toward expanding institutional access to alternative cryptocurrencies beyond Bitcoin and Ethereum. * The ETF will be designed to