Scan to download
BTC $74,291.67 +4.53%
ETH $2,364.21 +7.76%
BNB $615.36 +3.34%
XRP $1.37 +2.99%
SOL $86.07 +4.96%
TRX $0.3206 +0.02%
DOGE $0.0935 +2.60%
ADA $0.2450 +3.10%
BCH $434.80 +2.31%
LINK $9.22 +5.10%
HYPE $44.50 +6.71%
AAVE $101.14 +6.86%
SUI $0.9500 +4.83%
XLM $0.1561 +3.64%
ZEC $359.07 -0.73%
BTC $74,291.67 +4.53%
ETH $2,364.21 +7.76%
BNB $615.36 +3.34%
XRP $1.37 +2.99%
SOL $86.07 +4.96%
TRX $0.3206 +0.02%
DOGE $0.0935 +2.60%
ADA $0.2450 +3.10%
BCH $434.80 +2.31%
LINK $9.22 +5.10%
HYPE $44.50 +6.71%
AAVE $101.14 +6.86%
SUI $0.9500 +4.83%
XLM $0.1561 +3.64%
ZEC $359.07 -0.73%

pla

White House Advisor: Multiple differences in the "Clarity Act" are gradually being resolved, and the compromise plan for stablecoin yields is expected to be maintained

Patrick Witte, the Executive Director of the White House Digital Assets Presidential Advisory Committee, stated on Monday that substantive progress is being made in Senate negotiations surrounding the Clarity Act, with a compromise reached on the issue of stablecoin yields expected to hold, and the focus of negotiations has shifted to other unresolved topics.The issue of stablecoin yields was previously the biggest obstacle to advancing the bill. Banking lobbyists successfully persuaded some senators that providing yields similar to bank interest to stablecoin holders would threaten the traditional banking deposit base, causing the bill to reach an impasse. Witte stated, "We hope that the compromise reached will be durable and stable. Resolving this issue is a prerequisite for advancing other pending matters." Last week, the White House economic advisors released a report downplaying the risk concerns raised by the banking industry; in response, the American Bankers Association rebutted on Monday, claiming the White House's arguments were flawed.In addition to stablecoin yields, the bill also faces several disagreements, including illegal financial protection mechanisms in the DeFi space and a demand from Democrats to prohibit senior government officials (specifically targeting President Trump) from profiting from the crypto industry. Witte did not disclose which topics have reached consensus but indicated that negotiations have "made considerable progress behind the scenes," stating, "We are very close to comprehensively resolving these issues." The Clarity Act still needs to go through the Senate Banking Committee's markup review process before being submitted for a full Senate vote. Witte expressed optimism about reaching a final agreement, noting that many issues that previously seemed stuck have gradually been resolved.

Bittensor co-founder accuses Covenant AI founder of betraying the community and plans to launch a locked staking mechanism

Bittensor co-founder Jacob Robert Steeves responded to the Covenant AI incident, stating that he was "deeply shocked" by the events of the past few days and accused Covenant AI founder Samuel Dare of causing serious harm to the protocol and community, betraying the trust of investors and users. He apologized to users who suffered losses due to the incident.Steeves stated that the original intention of Bittensor was to combat greed and selfishness in human nature, promoting AI to be collectively owned by all participants through a permissionless mechanism. He emphasized that while this incident exposed vulnerabilities in the system, it would also encourage the protocol and community to further enhance their risk resilience.Regarding future directions, Steeves proposed advancing the "Locked Stake" mechanism, introducing a "time + stake" commitment dimension at the protocol layer to improve transparency and investor protection, thereby reducing similar risks. He noted that this plan was originally designed with the participation of Samuel Dare.Additionally, he mentioned that the development related to subnets 3, 39, and 81 would continue to be driven by the community, and the overall functionality and vision would not change. Steeves emphasized that Bittensor remains one of the most decentralized AI protocols currently and will continue to promote the development of open AI, with plans to move towards training larger-scale models. In the future, they will train a 1 trillion parameter model.
app_icon
ChainCatcher Building the Web3 world with innovations.