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USDC
Week Summary
Technology
  • Earth has captured a temporary 'second moon,' a small asteroid named 2024 PT5, which will orbit until November 2024.
  • Research indicates that larger AI chatbots are increasingly prone to generating incorrect answers, raising concerns about their reliability.
  • Meta's Chief Technical Officer discussed advancements in AR and VR technologies, particularly focusing on the Orion AR glasses.
  • The author reflects on their experience with Rust, proposing several changes to improve the language's usability and safety features.
  • The Tor Project and Tails OS have merged to enhance their efforts in promoting online anonymity and privacy.
  • OpenAI is undergoing leadership changes, with key executives departing amid discussions about restructuring and the company's future direction.
  • Git-absorb
  • The concept of critical mass explains how significant changes occur when a threshold of acceptance is reached, impacting technology and society.
  • WordPress.org has banned WP Engine from accessing its resources due to ongoing legal disputes, raising concerns about security for WP Engine customers.
  • PostgreSQL 17
  • Hotwire Native is a web-first framework that simplifies mobile app development, allowing developers to reuse HTML and CSS across platforms.
  • Radian Aerospace is progressing on a reusable space plane, completing ground tests and aiming for full-scale flights by 2028.
  • A groundbreaking diabetes treatment using reprogrammed stem cells has enabled a patient to produce insulin independently for over a year.
  • Apple is developing a new home accessory that combines features of the iPad, Apple TV, and HomePod, expected to launch in 2025.
  • SpaceX's Starlink service is set to surpass 4 million subscribers, reflecting rapid growth and significant revenue projections.
  • TinyJS is a lightweight JavaScript library that simplifies dynamic HTML element creation and DOM manipulation for developers.
  • Stripe resumes crypto payments with USDC on Solana, Ethereum, and Polygon.

    Stripe has announced it will allow customers to accept cryptocurrency payments on its platform. It will start this Summer with USDC on Solana, Ethereum, and Polygon, showing a demo of crypto payments using Solana at their developer conference. Stripe previously supported Bitcoin in 2014 but halted crypto efforts in 2018, citing its use as a store of value instead of as a medium of exchange. It processed $1 trillion in payments in 2023.

    Hi Impact
    StripeUSDCCryptocurrency
  • Aave offers high APY for USDC lending, driven by strong borrowing demand.

    Aave's high APY of over 17% for lending USDC is driven by strong demand to borrow USDC. Using Aave requires depositing collateral (like ETH), borrowing against it, and paying interest, which is distributed to lenders. Aave is managed by blockchain smart contracts for transparency and reduced risk.

    Hi Impact
    Aave
    USDC
    Cryptocurrency
  • Solana leads in stablecoins and RWAs, merging traditional finance with onchain economies.

    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.

    Hi Impact
    SolanaUSDCnullStablecoins and RWAs
  • Ronin Bridge hacked, stolen ETH returned by whitehat; bridge remains closed for audit.

    The stolen ETH (~$10M) has been returned, with the USDC expected to follow later today, thanks to vigilant white hats who will receive a $500K bounty. The Ronin bridge will remain closed pending an audit, with plans to transition its operations to a new structure in collaboration with Ronin validators.

    Hi Impact
    Ronin Bridge
    ETH
    USDC
  • Sony and Circle partner to integrate USDC on Soneium blockchain.

    Circle has partnered with Sony Block Solutions Labs to integrate Bridged USDC on the Soneium blockchain, enhancing its use as a primary token for secure, borderless transactions. This collaboration aims to empower creators in the digital economy, leveraging decentralized technologies to drive innovation and global accessibility on Soneium, a versatile Ethereum layer 2 platform.

    Hi Impact
    SonyUSDCBlockchain
  • USDC expands to Brazil and Mexico, integrating with local payment systems.

    USDC is now accessible in Brazil and Mexico through local real-time payment systems, significantly expediting transactions with local currencies and integrating digital dollars into TradFi operations.

    Hi Impact
    USDCBrazil, MexicoDigital Currency
Month Summary
Technology
  • OpenAI is considering a new subscription model for its upcoming AI product, Strawberry, while also restructuring for better financial backing.
  • Telegram founder
  • The startup landscape is shifting towards more tech-intensive ventures, with a focus on specialized research and higher capital requirements.
  • Boom Supersonic's XB-1 demonstrator aircraft successfully completed its second flight, testing new systems for future supersonic travel.
  • announced the uncrewed return of Boeing's Starliner, with future crewed missions planned for 2025.
  • OpenAI's SearchGPT aims to compete with Google Search by providing AI-driven information retrieval, though it currently faces accuracy issues.
  • Tesla is preparing to unveil its autonomous robotaxi technology at an event in Los Angeles, indicating ongoing challenges in achieving full autonomy.
  • The US Department of Justice is investigating Nvidia for potential antitrust violations related to its AI chip market dominance.
  • Apple plans to use OLED screens in all iPhone 16 models, moving away from Japanese suppliers and introducing new AI features.
  • Amazon S3 has introduced conditional writes to prevent overwriting existing objects, simplifying data updates for developers.
  • Chinese scientists have developed a hydrogel that shows promise in treating osteoarthritis by restoring cartilage lubrication.
  • Nvidia's CEO is working to position the Nvidia as a comprehensive provider for data center needs, amidst growing competition from AMD and Intel.
  • OpenAI
  • Nvidia Blackwell
  • Amazon is set to release a revamped Alexa voice assistant in October, powered by AI models from Anthropic's Claude, and will be offered as a paid subscription service.