Meta Announces Major Layoffs Amid AI Investment Surge
In a significant restructuring effort, Meta has announced plans to lay off approximately 8,000 employees—equivalent to about 10% of its global workforce—and eliminate 6,000 unfilled roles. This move is reported…
Launch of Dreamspace: A New AI-Powered App Builder by Space and Time
On Thursday, the blockchain network Space and Time, backed by Microsoft, unveiled Dreamspace, a platform leveraging artificial intelligence to enable users to create and deploy on-chain applications and smart contracts…
Circle Economist Suggests Rate Cap Increase to Resolve Aave’s USDC Liquidity Issues
A Circle economist recommended on Wednesday an urgent reform of Aave’s lending system, advocating for a drastic increase in interest rates to alleviate a liquidity crisis that has immobilized user…
OpenAI Unveils GPT-5.5: Enhanced Intelligence Comes at a Higher Cost
Thursday marked the launch of OpenAI’s GPT-5.5, positioned as an advanced model for agentic computer operations. Capable of writing and debugging code, browsing the web, managing spreadsheets, and executing multi-step…
Input Output Global Seeks Nearly $50 Million for Cardano’s Bitcoin DeFi Initiatives and Vision 2030
The leading software lab behind the Cardano blockchain, Input Output Global (IOG), has reduced its funding request by half to $46.8 million for its operations through 2026. This revised proposal…
U.S. Imposes Sanctions on Influential Cambodian Senator Linked to Crypto Fraud Network
The U.S. Treasury Department announced sanctions against a prominent Cambodian senator and 28 associated entities, alleging his involvement in an extensive crypto fraud network. Kok An, one of Cambodia’s wealthiest…
Unpacking the $71 Million Freeze on Arbitrum and the Decentralization Debate
This week, Arbitrum’s Security Council swiftly responded to the KelpDAO exploit by freezing over 30,000 ETH associated with the attacker, marking it as a triumph for user protection. However, this…
OpenAI Launches Specialized ChatGPT Tool for Healthcare Professionals, Outperforming Humans
On Wednesday, OpenAI introduced a specialized version of its ChatGPT tool aimed at physicians, nurse practitioners, physician assistants, and pharmacists. This move is part of the company’s broader effort to…
Tencent Unveils Hy3 AI Model: A Leap in Chinese LLM Efficiency
On Thursday, Tencent unveiled its latest and most efficient AI model yet, dubbed Hy3 preview. This release marks the company’s first model following a comprehensive infrastructure overhaul and is now…
Fold Introduces ‘Bitcoin Bonus’ Program for Employers After Steak ‘n Shake Launch
On Thursday, Fold Holdings, Inc., a financial services firm specializing in Bitcoin, unveiled its new program that enables companies to provide recurring BTC bonuses to employees. This initiative follows an…