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velo

Velo is a global settlement network based on blockchain and compliance, providing individuals and businesses with fast, secure, and low-cost cross-border payments.
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hot_img Amazon adjusts its AI strategy, gradually phasing out most flagship Nova models and focusing on cutting-edge model development

According to Business Insider, Amazon is making a comprehensive adjustment to its AI strategy, gradually phasing out most of its self-developed flagship Nova models, including the high-end Premier and Omni models, the Reel video generation model, and the Canvas image generation model, with the remaining products only maintaining a "Keep The Lights On" (KTLO) status. Resources are being shifted from the existing Nova series to the new frontier model project led by researcher Pieter Abbeel (who joined through the acquisition of Covariant), with the new flagship model expected to debut at this fall's re:Invent conference.This adjustment is accompanied by organizational restructuring. Amazon laid off employees in the AGI department last week and closed the AGI Lab established in 2024 by absorbing the AI startup Adept team. AGI head Rohit Prasad left in December 2025, and AGI Lab head David Luan stepped down in February of this year. The AGI organization was integrated under Senior Vice President Peter DeSantis in December of last year, merging with chip development and quantum computing. An Amazon spokesperson responded that the company "has long supported AI models in production environments" and emphasized that "AI models remain one of the company's most important work directions," with the model lineup continuously evolving based on customer needs.

Gate announces Lucas Sum as Head of Market Development, Equities, to accelerate the development of global equity business

Gate today announced that Lucas Sum has officially joined Gate as Head of Market Development, Equities. In this key position, Lucas will be responsible for driving Gate's global equity business market development strategy, coordinating business growth, ecosystem collaboration, market expansion, and user growth, strengthening Gate's business layout between traditional finance, digital assets, and the global capital markets, and promoting the sustainable development of a multi-asset investment ecosystem.Lucas has nearly ten years of industry experience, with a career spanning multi-asset brokerage, wealth management, payment fintech, and financial services. Before joining Gate, he was deeply involved in the market construction and business scaling development of Longbridge Securities and Moomoo Singapore (Futu Holdings) from 0 to 1, accumulating rich business development and collaboration experience in areas such as ecosystem collaboration, business model building, market strategy formulation, and user growth.Lucas stated, "I am very pleased to join Gate. Against the backdrop of the increasing integration of traditional finance and digital assets, the global investment market is ushering in new development opportunities. As global investors' demand for stock investment and diversified asset allocation continues to rise, I believe Gate will continue to improve its global equity business layout, creating a more open and convenient one-stop global investment experience. I look forward to working with partners and various parties in the financial ecosystem to further expand investment opportunities in the global capital market, continuously promote the development of Gate's equity business, and create long-term value for global investors."Lucas's addition will further enhance Gate's global equity business development strategy, strengthen the partner ecosystem, accelerate market expansion processes, and assist the platform in building a one-stop multi-asset investment platform for global investors, providing richer and more diverse asset allocation options.

BlackRock, Strategy, and others jointly established the Bitcoin Security Alliance, committing to provide $15 million in funding for core developers and quantum resistance research over the next three years

Nine financial institutions and Bitcoin companies announced the joint establishment of the Bitcoin Security Alliance, with founding members including Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity, Galaxy, and Strategy, covering the entire chain of institutions such as custody, trading, infrastructure, payments, and asset management.The alliance commits to providing a total of $15 million in funding over the next three years to support developers and researchers in the field of Bitcoin security, including long-term work to prepare Bitcoin for the future era of quantum computing. Each member independently decides which developers, researchers, or organizations to direct their funding towards. The daily operations of the alliance are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt, with Brink being a nonprofit organization that funds Bitcoin open-source developers.The alliance clearly states that it does not formulate or direct Bitcoin protocols, does not express opinions on specific protocol changes, and does not represent Bitcoin or its developers—Bitcoin development continues to be carried out by a globally decentralized community of contributors. Its positioning is to emulate the model of industry organizations that have long supported open-source software, providing resources and attention to developers without controlling the underlying work.Strategy CEO Phong Le stated, "As long-term holders, ensuring the security of Bitcoin for generations is our greatest incentive"; BlackRock's Global Head of Digital Assets Robert Mitchnick pointed out that the work of Bitcoin core developers is "extremely important," and this commitment will provide "significant additional funding" for Bitcoin's long-term security needs. The alliance will also serve as a reliable source of information for investors, the public, and the media in the field of Bitcoin security, with plans to publish and continuously update materials related to Bitcoin security in the coming months.
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