Superior agents are set to disrupt Big Tech’s monopoly on AI. Welcome to a decentralized revolution that democratizes access and reshapes industries. Superior agents bring advanced, self-improving intelligence to all. Opinion by: Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI The puppet show is ending. The Brookings Institution found that generative artificial intelligence may disrupt at least 50% of tasks performed by more than 30% of all workers. The same study also estimates that genAI may affect at least 10% of tasks performed by approximately 85% of the human workforce. The TL;DR from these stats? AI’s effects are likely to be both broad and deep. Read more
The 10-year Treasury yield is the return investors earn on US government bonds with a 10-year maturity. Also, it serves as a reference for global interest rates. The 10-year Treasury yield is the interest rate that the US government pays to borrow money for 10 years. When the government needs cash, it issues bonds called Treasury notes, and the 10-year note is one of the most watched. The “yield” is the annual return you’d get if you bought that bond and held it until it matures. It’s expressed as a percentage, like 4% or 5%. Read more
Legendary NFT Collector Pranksy has traded Bored Apes with Gwyneth Paltrow and flipped a Zombie CryptoPunk for a $1.2M profit inside a day. OG collector Pranksy is one of the most prolific figures in the NFT space, yet remains one of cryptos greatest mysteries, with his true identity still unknown. Starting with just $600 worth of ETH in 2017 (incredibly he’s never had to buy any more ETH with fiat) Pranksy cut his teeth with the explosion of CryptoKitties and quickly built up a stack of ETH which he relentlessly poured back into the ecosystem, being dubbed the “King of the Mint” by the time NFT mania truly hit in 2020-21.A key figure in popularizing Bored Ape Yacht Club, some of his trades have become legendary. On September 4, 2021, he purchased a Zombie CryptoPunk #6275 for 1,000 ETH ($3.89M) and sold it later that same day for 1,320 ETH ($5.12mil) a casual $1.23 million profit in 24 hours. Today, he still has more than 45,000 NFTs in his primary wallet, pranksy.eth, with Avastars and CyberBrokers two of h...
Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry. Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US. Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy. “As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.” Read more
A delay in Tether’s USDT blacklisting process allowed over $78 million in illicit funds to evade freezing, according to an AMLBot report. Update (May 15 at 3:10 pm UTC): This article has been updated to include comments from Tether. A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance company AMLBot. Tether’s address blacklisting becomes effective only after a considerable delay from when the process is initiated on Ethereum and Tron, according the report published May 15. Read more