BTC $76,791.53 -0.57%
ETH $2,481.10 -1.69%
BNB $716.97 -1.64%
XRP $1.34 -1.49%
SOL $99.61 -2.31%
TRX $0.3384 -0.50%
DOGE $0.0824 -2.82%
ADA $0.2033 -1.87%
BCH $221.81 -2.05%
LINK $11.22 -2.36%
HYPE $77.86 -1.84%
AAVE $124.35 -1.33%
SUI $0.7014 -3.66%
XLM $0.1773 -1.38%
ZEC $1,056.16 -6.15%
AAPL $331.01 -0.59%
AMZN $254.68 -0.89%
GOOGL $335.12 -1.51%
MSFT $493.61 -0.48%
META $638.87 -1.58%
NVDA $214.34 -1.72%
TSLA $359.97 -2.13%
SNDK $1,555.85 -4.46%
INTC $98.32 -3.38%
SPCX $148.25 -1.34%
MU $935.48 -3.39%
AMD $498.92 -3.11%
BTC $76,791.53 -0.57%
ETH $2,481.10 -1.69%
BNB $716.97 -1.64%
XRP $1.34 -1.49%
SOL $99.61 -2.31%
TRX $0.3384 -0.50%
DOGE $0.0824 -2.82%
ADA $0.2033 -1.87%
BCH $221.81 -2.05%
LINK $11.22 -2.36%
HYPE $77.86 -1.84%
AAVE $124.35 -1.33%
SUI $0.7014 -3.66%
XLM $0.1773 -1.38%
ZEC $1,056.16 -6.15%
AAPL $331.01 -0.59%
AMZN $254.68 -0.89%
GOOGL $335.12 -1.51%
MSFT $493.61 -0.48%
META $638.87 -1.58%
NVDA $214.34 -1.72%
TSLA $359.97 -2.13%
SNDK $1,555.85 -4.46%
INTC $98.32 -3.38%
SPCX $148.25 -1.34%
MU $935.48 -3.39%
AMD $498.92 -3.11%

etc

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WalletConnect Report: Global Cryptocurrency Regulation Enters Implementation Stage, DeFi Remains the Largest Unresolved Area

WalletConnect released a 68-page report titled "Current Status of Policy, Compliance, and Regulation," outlining global regulatory progress in areas such as payments, DeFi, trading, custody, and tokenization. The report indicates that discussions on cryptocurrency regulation in major markets have shifted from "whether to regulate" to "how to implement," with relevant frameworks transitioning from legislation to actual enforcement at different speeds, but cross-border rules remain highly fragmented.The report points out that the European Union's Markets in Crypto-Assets Regulation (MiCA) will be fully applicable from December 2024, with the national transition period ending on July 1, 2026; currently, there are about 330 authorized crypto asset service providers in the ESMA temporary register, and over 1,000 companies that were reported to have failed to obtain authorization before the deadline prior to MiCA's implementation. Hong Kong will issue the first batch of stablecoin issuer licenses in April 2026, and Japan's revised Payment Services Act will take effect in June of the same year. Although the U.S. GENIUS Act has become law, the relevant system will not be fully effective until January 18, 2027, and broader market structure legislation is still pending.WalletConnect states that jurisdictions are increasingly adopting a "regulated touchpoint responsibility" model, meaning that issuers and service providers must still fulfill anti-money laundering, sanctions screening, travel rule, and record-keeping obligations when interacting with self-custody addresses. Tools such as sanctions screening, on-chain analysis, address control verification, and reusable identity credentials have been used in some businesses, demonstrating that compliance and self-custody are not mutually exclusive; however, how to regulate decentralized software and protocols remains unresolved, and DeFi continues to be a major frontier issue for global regulation.

hot_img The new AI chip company Etched faces skepticism: Behind the $21 billion valuation, performance has yet to be verified by a third party

AI chip startup Etched recently completed a $700 million financing round at a valuation of $21 billion, but its technology claims are facing industry skepticism. The well-known hacker George Hotz's AI computing team, the tiny corp, publicly criticized Etched's marketing approach: there are many investors, orders, and hardware photos, but there is too little third-party data to truly verify performance.Etched's core selling point is LVI (Low Voltage Inference) technology, claiming it allows trillion-parameter sparse MoE chips to run at over 80% of theoretical peak computing power (MFU). Chip design professional Wesley Yue raised technical doubts about this: high MFU does not necessarily represent absolute performance—if the chip's peak computing power is low, even with an 80% utilization rate, actual performance may still lag behind competitors. Yue believes that Etched's design "does not make sense from first principles" and may be a result of repackaging after its early Transformer ASIC faced power consumption issues.Etched has not yet disclosed complete computing power, power consumption, and third-party benchmark data; the official website only states that "early customer tests have reached leading levels," and detailed performance data will be "released later." There is currently no evidence to prove that Etched is fraudulent. Etched has not publicly responded to this matter.

State Council: Strictly prohibit private equity funds from engaging in illegal activities such as borrowing, disguised debt, etc

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.
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