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Rivalsavior

@rezaheru

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OpenAI Plans Restructuring To Prevent Hostile Takeovers According to Odaily, OpenAI is pursuing a largely untested corporate structure to shield itself from hostile takeovers and protect CEO Sam Altman from external interference. The artificial intelligence startup, which secured $6.6 billion in new funding last week, is planning to restructure as a Public Benefit Corporation (PBC). Multiple sources familiar with the company's strategy indicate that one key advantage of the PBC structure is its potential to thwart unwanted acquisitions or demands from activists. This means that existing investors, such as Microsoft or other parties, may face challenges if they attempt to acquire OpenAI. The PBC structure obligates OpenAI to balance the best interests of shareholders, the public, and stakeholders, including employees and society. A knowledgeable source stated that this approach to the company's
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Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans According to CoinDesk: Bitcoin's recent rally has been dampened by a lack of new stimulus measures from China, with Beijing’s latest announcements falling short of market expectations. As a result, BTC dropped by 1.5%, following a surge in the past few weeks that had been partly driven by hopes of long-term Chinese stimulus. Crypto traders are now shifting their focus to an upcoming Federal Reserve meeting for potential market direction. The market was further disappointed when the National Development and Reform Commission (NDRC), in a Tuesday briefing, provided no specific details on new measures to stimulate China's economy. This underwhelmed investors who had anticipated stronger post-holiday market support. Consequently, the Shanghai Composite jumped by 4% at the open but closed the day lower, while the Hang Seng Index fell nearly 7%, reversing previous gains.
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Meta Unveils Hyperscape Tech For Real-Time 3D Environments According to Cointelegraph, Meta recently introduced a new technology called 'Hyperscape' that aims to revolutionize telepresence and redefine remote work. This tech takes the concept of stitching photographs together to create a 3D environment, similar to YouTube’s 360 videos, and transforms it into a real-time rendering system. Meta remains optimistic about the metaverse, as demonstrated by CEO Mark Zuckerberg at the company's 'Connect' event on September 25. During the event, Zuckerberg showcased the new 'Orion' smart glasses, which provide users with a heads-up display that seamlessly integrates digital information into their physical surroundings. While the Orion glasses garnered significant attention, the Hyperscape demo emerged as a notable highlight for virtual reality and Web3 enthusiasts.
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Bitcoin's Price Expected To Benefit From US Presidential Election According to Cointelegraph, Bitcoin’s price is anticipated to benefit from the upcoming United States presidential election, regardless of the outcome, as per CK Zheng, chief investment officer of ZX Squared Capital. Zheng highlighted that both Republican and Democratic parties have not adequately addressed the increasing US debts and deficits, which could be favorable for Bitcoin, especially after the election. Historically, Bitcoin has seen significant gains in the fourth quarter, particularly during years with Bitcoin halving events. CoinGlass data indicates that Bitcoin has rallied more than 50% six times since 2013 in the fourth quarter. The last halving event in 2020 saw Bitcoin surge 168% in the fourth quarter, coinciding with the US presidential election that year. Zheng expects Bitcoin to reach a new all-time high in Q4 or shortly thereafter.
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Cheems Completes Migration To BNB Chain With Significant Price Surge According to BlockBeats, on September 28, the Cheems project, originally part of the zkSync ecosystem, has successfully completed its 1:1 migration to the BNB Chain. Following the migration, the price of Cheems surged by over 100% in a short period, currently trading at $0.0(7)6291 with a market capitalization of $13.91 million. The official statement from Cheems highlighted that the community's migration to the BNB Chain aims to collaboratively advance the development of Web3. Holders of Cheems can now benefit from faster transaction speeds and lower gas fees on the BNB Chain. Additionally, Cheems plans to introduce more updates and support initiatives in the coming months, positioning itself as a new cultural symbol in the Web3 space.
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Chainbase And Google Cloud Collaborate On AI And Web3 Initiative According to BlockBeats, on September 23, blockchain data network Chainbase and Google Cloud successfully hosted a seminar titled 'AI and Web3: Building a Trusted Digital Future' during Token2049 in Singapore. During the event, Chainbase unveiled its new product, Chainbase Dataset, developed in collaboration with Google Cloud and based on BigQuery. BigQuery is a fully managed, AI-supported data analytics platform provided by Google Cloud. This partnership enables over 300 real-time updated multi-chain datasets from the Chainbase Data Platform to directly serve the 7 million developers and enterprise users on the BigQuery platform, facilitating the implementation of on-chain intelligent applications. Currently, the Chainbase Data Platform supports the development of more than 10,000 products, with over 20,000 developers within its ecosystem.
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MetaDAO To Launch Decision Market At Solana Breakpoint Conference According to Odaily, MetaDAO, a governance experiment project within the Solana ecosystem, announced at the Solana Breakpoint Conference in Singapore that it is set to launch a decision market for 'any metric and decision.' This new initiative aims to enhance the decision-making processes within the ecosystem by providing a platform for various metrics and decisions to be evaluated and acted upon. In August, MetaDAO revealed that it had secured $2.2 million in funding, with Paradigm leading the investment round. The project is reportedly similar to the prediction market Polymarket, which allows users to forecast outcomes on a wide range of topics. MetaDAO's decision market is expected to bring a new level of engagement and accuracy to governance within the Solana ecosystem, leveraging the collective intelligence of its participants to make more informed decisions.
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USDC To Launch On Sui Network According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui. As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.
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