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first_img Loomis criticizes the Democratic Party for delaying the Clarity Act, stating that further compromise is still needed

U.S. Republican Senator Cynthia Lummis has once again criticized the Democrats for delaying the much-anticipated Clarity Act. Lummis stated in response to a Semafor report on the X platform that if the bill fails, the responsibility lies with the Democrats for failing to join Republicans in supporting this bipartisan legislation. She pointed out that the Democrats' continued demands for amendments could lead future regulatory agencies to "stifle the crypto industry." Lummis added that if the differences can be bridged, she believes the Clarity Act could pass, but this requires further compromise from the Democrats, rather than concessions from the White House. Lummis had previously stated that if the bill fails, it will be due to the Democrats. The U.S. Senate is set to hold a procedural vote on the bill next week, and Lummis warned that if it does not pass next week, there will be no realistic opportunity within this decade. The Clarity Act aims to formally delineate the responsibilities of regulatory agencies and distinguish whether digital assets are classified as securities, commodities, or stablecoins. The bill was passed by the House of Representatives last July but was shelved due to conflicts between banking lobbyists and crypto companies over customer stablecoin yield issues. A new draft circulating in July prohibits government officials from promoting or profiting from crypto, with Democrats criticizing the Trump family for venturing into this area, yet still deeming the bill insufficient and calling for amendments.

first_img AMC CEO criticizes Robinhood stock tokens, stating the company has no connection

AMC Theatres CEO Adam Aron criticized the AMC stock token launched by Robinhood on the X platform on Thursday, stating that AMC has no association with this product and does not endorse it. Aron indicated that Robinhood is clearly pushing a plan involving the "tokenization of real-world assets related to AMC (including stock tokens)" and called this practice "despicable" and "outrageous." AMC will request an investigation into this matter by external securities legal counsel.Robinhood's stock tokens are derivatives that provide holders with economic exposure to U.S. stocks but do not confer ownership of the underlying stocks. Other tokenization models include custodians holding traditional stocks and issuing tokens as endorsements, as well as issuers authorizing the direct on-chain registration of stocks. This conflict comes at a time when tokenized stocks are attracting the attention of crypto exchanges, brokerages, and Wall Street institutions, as blockchain tracks enable round-the-clock trading, faster settlements, and broader distribution.Robinhood has made tokenization a core part of its crypto expansion, launching tokens last year that track hundreds of U.S. stocks and ETFs, and is building its own blockchain to support tokenized assets. Previously, OpenAI also publicly denied the tokens related to it launched by Robinhood, stating that they do not represent OpenAI equity and that it has not collaborated with or endorsed Robinhood. AMC's opposition brings this controversy to the level of publicly traded companies.

first_img OpenAI's new model Astra can autonomously discover and exploit software vulnerabilities, rated as "critical" in cybersecurity capability level

OpenAI stated that its upcoming Astra model can autonomously discover previously unknown software vulnerabilities and convert them into usable attack vectors without human intervention, making it the company's first model to reach the "Critical" cybersecurity capability level threshold. In a blog post released on Tuesday, OpenAI mentioned that according to its Preparedness Framework, reaching this level means the model can discover zero-day vulnerabilities and develop usable exploit code in hardened real systems without human involvement, or design and execute attacks based solely on a high-level objective.In testing, Astra achieved a 100% score in benchmark tests for developing exploit code based on known vulnerabilities and discovered two previously unknown vulnerabilities in another internal test. Additionally, the model successfully broke through a hardened browser sandbox and executed commands on the host machine, while gaining root access by exploiting multiple weaknesses in the operating system. OpenAI stated that it has delayed some of Astra's development progress to enhance security measures and plans to make its advanced cybersecurity capabilities available only to selected testers.This capability is particularly relevant to the cryptocurrency industry, as software vulnerabilities can be converted into financial losses within minutes. CoinDesk reported in June that increasingly powerful AI models can compress the process of searching code, discovering misconfigurations, and assembling attacks from days or weeks to machine speed. Security researchers noted at the time that the significant change was not the emergence of new categories of attacks, but rather the dramatically increased speed at which existing vulnerabilities are discovered and exploited.

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.
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