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ORA [5] introduces Kumo [6], the world's first tokenized open-source video model leveraging Diffusion Transformers. Created by top AI researchers with 20,000+ citations collectively, Kumo revolutionizes generative video with chain-agnostic infrastructure and decentralized ownership.
A federal judge has denied BiT Global's request for a temporary restraining order against Coinbase's planning delisting of Wrapped Bitcoin (WBTC), allowing the exchange to proceed. The ruling comes after BiT Global, which has ties to Justin Sun and recently partnered with former wBTC custodian BitGo, sued Coinbase for alleged unfair competition and reputational damage related to the launch of Coinbase's competing cbBTC token. Coinbase, which maintains it has discretion over its listings and represents less than 1% of wBTC trading activity, has suggested it may seek sanctions against BiT Global and its law firm for filing what it considers a spurious lawsuit.
Bitcoin miners like MARA and Hut 8 have been aggressively acquiring Bitcoin to strengthen their reserves, with MARA purchasing 15,574 BTC for $1.53B and Hut 8 adding 990 BTC for $100M, positioning themselves among the largest corporate Bitcoin holders. This trend reflects a broader shift as companies, like MicroStrategy and Riot Platforms, increasingly view Bitcoin as a reserve asset, using it to support growth initiatives and long-term financial strategies.
Privy has launched server wallets, providing developers direct API access to its wallet infrastructure for scalable, secure, and programmable money movement. These server-side wallets, designed for enterprise-grade security and consumer-grade performance, enable backend-controlled transaction execution, policy enforcement, and wallet management across EVM chains, Solana, and Bitcoin.
BONKbot has launched "stealth DCA," a new feature that keeps dollar-cost averaging (DCA) orders hidden off-chain to avoid countertraders. With customizable settings and instant execution, users can stack multiple DCAs on the same token and manage orders with ease.
Ethereum's L1 scaling roadmap outlines a plan to increase the network's gas limit 100x within five years, with an immediate increase to 36 megagas per block expected soon. Key technical improvements include the implementation of ZK provers for EVM execution, delayed state root calculations, and multi-dimensional EIP-1559 for resource pricing optimization. The roadmap also includes complementary upgrades like history expiry (EIP-7639), enshrined PBS (EIP-7732), and potential slot time reductions, all while maintaining Ethereum's commitment to decentralization by ensuring anyone can still verify the network without relying on third parties.
There were numerous exciting agent launches this week, including AgentTank launching a framework for giving agents full computer use, with an example of an agent ordering toilet paper, and Hyperbolic creating an agent with access to GPU compute. Notable platform developments include Orbit's chain abstraction layer for DeFi interactions and Thale's integration with Story protocol to allow agents to monetize IP. Rei Network's Unit 00 agent is gaining traction for its quantitative analysis capabilities and ability to track data across multiple sources.
StarkWare CEO Eli Ben-Sasson argues that while quantum computing represents a significant threat to current cryptographic systems, blockchain has a clear path to quantum resistance through zero-knowledge proofs. Unlike traditional cryptographic methods, certain ZK proofs are inherently quantum-resistant due to their reliance on hash functions rather than finding specific values in large mathematical spaces. The tech powering Starknet already incorporates these proofs, though additional implementation work remains to make the entire system quantum-resistant.
The co-founder of Aptos Labs, Mo Shaikh, is stepping down to pursue new ventures, with confidence in its continued growth and leadership in blockchain innovation. Aptos has become a robust ecosystem supported by major builders, partners, and investors, raising $400M to drive the convergence of Web3 and Web2. Shaikh will step into a strategic advisor role.
After the legal battle between BiT Global and Coinbase over the delisting of WBTC, World Liberty Fi, the DeFi protocol backed by the Trump family, swapped $10 million cbBTC to WBTC.
Usual, the seventh-largest stablecoin issuer, has partnered with M^0 to launch UsualM, a customizable extension of M^0's Treasury-backed stablecoin platform.
The team behind the HAWK memecoin is being sued by twelve investors for alleged securities law violations, claiming the token acted as an unregistered security.
Onchain lending on Base is increasing rapidly, with aggregate active loans in the ecosystem now exceeding $750 million.