Category: Industry Insights
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Parag Agrawal launches 2024 AI startup with $20M funding
Former Twitter CEO Parag Agrawal launched an AI startup in 2024, focusing on NLP and machine learning, with $20M in initial funding from Sequoia and Andreessen Horowitz.
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Solana achieves 100K TPS in mainnet stress test with Jump Crypto
Solana achieved 100K TPS in a mainnet stress test, surpassing Ethereum’s 30K TPS. Key participants included Jump Crypto and FTX.
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Faraday Future commits $10 billion to crypto integration by 2025
Faraday Future plans a $10 billion crypto strategy, joining Tesla and Bitcoin in EV-crypto integration. The initiative targets 2025 with 15% revenue from digital assets.
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Stablecoins to process $1 trillion in payments by 2030 amid DeFi expansion
Stablecoins like USDT and USDC will process $1 trillion in payments by 2030 as DeFi platforms such as Uniswap drive adoption, per recent analysis.
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Gemini files Nasdaq IPO with Ripple credit facility for RLUSD access targeting $500 million
Gemini filed for a Nasdaq IPO with a Ripple-backed credit facility linked to RLUSD, aiming to raise $500 million amid growing crypto market interest.
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Block launches 819 TH/s air-cooled mining rig to decentralize Bitcoin mining
Block introduces an air-cooled mining rig delivering 819 TH/s, targeting decentralization. Bitcoin mining difficulty rose 5% in Q1 2023. Jack Dorsey supports the initiative.
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Wellgistics deploys blockchain payment system across 6,500 US pharmacies in 2023
Wellgistics introduces a blockchain payment system for 6,500 US pharmacies, enhancing transaction efficiency. The system integrates with major insurers like Aetna and Humana.
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Ethereum and Solana power 4,000 dApps with $50 billion DeFi assets in 2023
Ethereum and Solana support diverse blockchain applications. Over 4,000 dApps operate globally, with DeFi protocols managing $50 billion in assets as of 2023.
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BlackRock CEO Larry Fink named WEF interim co-chair in 2024 leadership shift
BlackRock CEO Larry Fink joins WEF as interim co-chair, alongside 3 other leaders, managing $10 trillion in assets collectively.
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WiseLink allocates 5% treasury to Bitcoin in 2023 Taiwan first
WiseLink, a Taiwan-listed firm, allocates 5% of its treasury to Bitcoin, joining MicroStrategy and Tesla in corporate crypto adoption amid 2023 market trends.
