Binance, the largest cryptocurrency exchange globally, made a significant announcement today regarding its latest altcoin addition. The platform revealed that it will list Worldcoin (WLD) in its futures market, offering traders the ability to trade with 20x leverage.
This new feature allows users to increase their potential returns by borrowing funds to trade Worldcoin. Binance’s decision to include Worldcoin in its futures offerings is likely to attract attention from both experienced traders and those looking for new opportunities in the cryptocurrency market.
With Worldcoin now available in leveraged futures trading, Binance continues to strengthen its position as a leading exchange, providing users with innovative ways to engage in cryptocurrency trading.
TRON DAO recently took centre stage as the title sponsor at TOKEN2049 Singapore, the largest Web3 conference globally, held at Marina Bay Sands. During the event, Community Spokesperson Dave Uhryniak delivered an enlightening keynote about TRON’s commitment to enhancing blockchain security. He announced the establishment of the T3 Financial Crime Unit (T3 FCU) in collaboration with Tether and TRM Labs, aimed at combating illicit activities involving USDT on the TRON blockchain.
The conference brought together prominent figures from the crypto industry, fostering discussions on innovation and growth in the digital asset space. TRON founder Justin Sun delivered opening remarks at multiple events, including an afterparty co-hosted with HTX DAO, which featured live music, complimentary refreshments, and a lively atmosphere for attendees to network and celebrate.
In addition, TRON DAO supported Google Cloud’s event titled ‘AI and Web3: Building a Trusted Digital Future,’ where Sun discussed the transformative potential of merging AI and blockchain technologies. The DAO also participated in Crypto Fight Night, highlighting the resilience of builders in the TRON ecosystem through a unique boxing tournament that integrates cryptocurrency.
TRON DAO’s involvement in TOKEN2049 emphasises its dedication to community empowerment and innovation, positioning the organisation as a leader in the evolving blockchain landscape.
Appario, a former top seller on Amazon India, has petitioned a court to dismiss an antitrust investigation that concluded Amazon and several sellers breached local competition laws. The Competition Commission of India (CCI) alleges that Amazon, Walmart’s Flipkart, and certain smartphone brands favoured select sellers and prioritised specific listings. These accusations were based on a 2021 Reuters investigation, which exposed Amazon’s internal practices. Despite the findings, Amazon continues to deny any misconduct.
Appario, which has ceased selling on Amazon, is contesting the CCI’s findings in the Karnataka High Court, asserting that the report implicating it should be “set aside.” This legal action marks the first challenge to the CCI’s ongoing investigation, initiated in 2020, and poses a significant obstacle for Amazon in India, one of its most important markets.
The CCI previously conducted raids on Appario and other sellers during its investigation. Court records indicate that Appario is also challenging a CCI order that requires it to submit financial statements following the investigation. Neither Amazon nor Appario has commented on the ongoing legal proceedings.
Guggenheim Treasury Securities (GTS) has entered the blockchain arena by issuing $20 million in Digital Commercial Paper (DCP) on Ethereum, receiving a strong P-1 credit rating from Moody’s. This move is facilitated through the AmpFi.Digital platform, developed by Zeconomy, which focuses on tokenisation services for qualified investors. Zeconomy’s CEO, Giacinto Cosenza, expressed excitement about addressing the need for secure blockchain solutions, especially as the market for tokenised US treasuries now exceeds $2 billion.
The increasing interest from traditional finance firms highlights a shift towards digital assets, with significant participation from players like BlackRock and Franklin Templeton. BlackRock’s tokenised fund BUIDL has a market cap of over $513 million, while Franklin Templeton’s FOBXX follows closely behind. Cosenza noted that recent developments, such as the approval of crypto exchange-traded funds in the US, underscore a growing institutional demand for crypto solutions.
Ethereum continues to play a key role, with nearly $1.6 billion of all tokenized US treasuries issued on its platform. Meanwhile, Solana is making strides in the space, holding 5.5% of the tokenised US government securities market. Firms like Franklin Templeton and Citigroup are now looking to Solana for future financial products, indicating the blockchain’s potential for growth and innovation in digital finance.
Samsung has revealed the new Galaxy S24 FE, expanding its flagship series. The fan edition boasts the same Galaxy AI capabilities seen in earlier models, allowing users to utilise features like search, translate, and note assistance.
The smartphone is equipped with a 6.7-inch Dynamic AMOLED 2X display, offering a refresh rate of 60-120 Hz. Photography is enhanced with a 50 MP main camera, supported by a 12 MP ultrawide lens and an 8 MP telephoto sensor. A 10 MP selfie camera completes the lineup.
Running on the Exynos 2400e processor, the Galaxy S24 FE comes with 8 GB of RAM and up to 256 GB of storage. It operates on One UI 6.1 based on Android 14, powered by a 4,700 mAh battery supporting both wired and wireless charging.
Pre-orders for the Galaxy S24 FE are available now in Blue, Graphite, and Mint, with prices starting at £585 for the base model and £645 for the higher storage variant.
Solana has emerged as the leading blockchain in terms of daily active addresses, surpassing established players like Bitcoin and Ethereum. Recent data reveals that Solana recorded 3.04 million active addresses, showcasing its increasing traction in the blockchain space. In comparison, Toncoin and Tron also showed impressive numbers with 2.89 million and 2.5 million active addresses, respectively, highlighting their growing ecosystems and user engagement.
While Bitcoin and Ethereum maintain strong market positions, their daily active addresses lag significantly behind newer competitors. Bitcoin registered about 779,650 active addresses, while Ethereum saw around 417,900. This trend suggests that newer blockchains may be drawing users away, likely due to factors such as lower transaction fees and faster processing times.
Other noteworthy blockchains, including Litecoin, Algorand, Dogecoin, and Avalanche, displayed varying levels of daily activity, reflecting a diverse landscape in user engagement. As blockchain technology continues to advance, the competition among these networks is set to intensify, potentially reshaping the future of digital asset interactions.
While Bitcoin offers an alternative way to purchase goods and services, most countries do not recognise it as legal tender. Only two countries, El Salvador and the Central African Republic, have officially adopted Bitcoin. El Salvador’s adoption, in particular, has seen economic improvements in areas like tourism and public investment, with the country’s Bitcoin treasury currently $58 million in profit.
Experts suggest that Bitcoin’s widespread use could reshape global economies, especially in regions like Africa and Latin America, where multiple currencies complicate trade. However, researchers caution that the financial system would need a major overhaul before Bitcoin could be used effectively as a mainstream currency.
Despite challenges such as volatility, some analysts believe Bitcoin’s mainstream adoption would bring benefits, including increased financial inclusion and reduced payment-processing costs. However, widespread acceptance is still dependent on Bitcoin first establishing itself as a store of value.
The United States Commerce Department has announced a new rule that could streamline the process for sending AI chips to data centres in the Middle East. The rule will allow data centres to apply for Validated End User (VEU) status, enabling them to receive AI chips through a general authorisation, eliminating the need for individual licences for each shipment.
The move follows concerns in Washington that Middle Eastern countries could act as intermediaries for China to acquire US chips that are restricted from direct export to China. G42, an AI company based in the United Arab Emirates with historical connections to China, has been at the centre of these concerns, despite its efforts to distance itself from China and comply with US regulations.
The VEU program will involve rigorous screening to ensure safeguards are in place to prevent the misuse or diversion of US technology. The Commerce Department emphasised the importance of this review process to protect national security.
The Bureau of Industry and Security reiterated its commitment to facilitating international AI growth while mitigating risks to US and global security, aiming to balance technological development with safety concerns.
Nvidia has strengthened its AI strategy with the acquisition of OctoAI, marking its fifth deal this year. Founded in 2019, OctoAI specialises in developing software aimed at improving the performance of machine learning models. The startup’s focus has been on making AI hardware more accessible to developers, regardless of the technology provider.
Luis Ceze, CEO of OctoAI, has taken on the role of Vice President of AI systems software at Nvidia while maintaining his academic position at the University of Washington. Ceze praised Nvidia’s commitment to advancing AI, citing its leadership in the machine learning sector. OctoAI had already worked with Nvidia, AMD, and AWS prior to the acquisition, enhancing its machine learning infrastructure.
Concerns have been raised by regulators about Nvidia’s growing dominance in AI, particularly following its aggressive acquisition strategy this year. OctoAI’s investors believe the acquisition will maximise the startup’s impact in AI infrastructure, but critics worry that consolidation could limit competition in the rapidly growing AI industry.
OctoAI will shut down its commercial cloud service by the end of October, as part of its integration into Nvidia. Despite the transition, the startup has continued to attract attention, having raised $130 million in funding and achieved a $900 million valuation as of 2021.
A political consultant has been fined $7.7 million by the Federal Communications Commission (FCC) for using AI to generate robocalls mimicking President Biden’s voice. The calls, aimed at New Hampshire voters, urged them not to vote in the Democratic primary, sparking significant controversy.
Steven Kramer, the consultant behind the scheme, worked for a challenger to Biden in the primaries. He admitted to paying $500 for the calls to highlight the dangers of AI in political campaigns. Kramer’s actions violated FCC regulations prohibiting misleading caller ID information.
The FCC has given Kramer 30 days to pay the fine, warning that further legal action will follow if he fails to comply. The commission continues to raise concerns over AI’s potential misuse in elections, pushing for stricter regulations to prevent fraud.
