Idin Dalpour was arrested for allegedly orchestrating a $43 million Ponzi scheme, falsely promising high returns from his hospitality and crypto trading businesses but using investor funds to cover personal expenses. The FBI indictment detailed Dalpour's misuse of funds, including $1.7 million for gambling debts, and charges of wire fraud. This could lead to up to 20 years in prison.
Dr. Brenden Lake of NYU aims to bridge human cognitive studies and AI by recording his daughter's POV to develop a language model, challenging the current AI approach that relies heavily on large datasets. This work explores how AI can learn from the sensory input akin to a toddler's experience. The research could lead to AI capable of conceptual mapping through association, similar to human language acquisition.
Lamini, an Enterprise AI platform, makes it possible for software teams within enterprises to develop new LLM capabilities that reduce hallucinations on proprietary data, run their LLMs securely from cloud VPCs to on-premise, and scale their infrastructure with model evaluations that prioritize ROI and business outcomes over hype. It raised a $25M Series A led by Amplify Partners.
OpenAI is reportedly planning a major announcement on May 9, possibly unveiling a new search engine that could challenge Google. This engine may use Microsoft Bing's infrastructure, aligning with OpenAI CEO Sam Altman's vision of revolutionizing information discovery beyond the current Google model. If true, this could significantly disrupt the search engine market and how users find information online.
The Terra blockchain was halted after an exploit drained over $4 million in tokens, including 60 million ASTRO tokens, causing ASTRO's price to plummet. The network resumed after an emergency patch, but the exploit highlighted vulnerabilities in the inter-blockchain communication protocol, leading to sharp declines in Terra's LUNA and ASTRO tokens.
Despite the recent movement of $3 billion in Bitcoin from a Mt. Gox-affiliated wallet, the market barely reacted, with Bitcoin prices holding steady. Analysts believe this is because Mt. Gox creditors are long-term holders who are unlikely to sell, and the market has already factored in these transfers.
Eclipse is a Solana Virtual Machine L2 that uses Celestia for DA and Ethereum for settlement. As a rollup, it may surpass Solana L1 transaction speeds while providing liquidity access to Ethereum. Its mainnet is now open for builders.
Solana is rapidly emerging as a leader in stablecoins and real-world assets (RWAs), positioning itself as a key player in merging traditional finance with onchain economies. With robust stablecoin growth, particularly in USDC, and innovative RWA projects like Maple and Parcl, Solana is expanding its ecosystem to attract both retail and institutional capital. Solana is set to further solidify its place in the tokenization of real-world assets through initiatives like the Libre Fund and Jupiter's GUM Alliance aimed at driving adoption and reinforcing its position in the market.
Uniswap Labs, Circle, and the Copenhagen Business School have released a paper explaining how traditional financial factors affect the crypto market. Since 2019, digital asset prices have been composed of monetary policy, broad market risk premium, and crypto-specific demand. Two-thirds of Bitcoin's 2022 decline can be attributed to contractionary monetary policy. 2023 and beyond's bull market has been driven by the decrease in crypto risk. Day-to-day Bitcoin volatility can be explained best by adoption and risk premium shocks.