Senator Cynthia Lummis said the updated Clarity Act text carries more than 100 changes that Democrats requested. She urged them to help pass the bill. Senate Republicans released an updated CLARITY Act text that runs 630 pages, 14 more than the July 22 draft. A procedural vote, now four days later, decides whether the bill…
Bankman-Fried says he was unfairly barred from providing evidence that FTX had more than enough assets to cover losses from the collapse. Source: www.theblock.co Read Full Story
Networking technology startup Ayar Labs Inc. said today it has extended its recent late-stage funding round to $650 million after raising an additional $150 million from an unnamed investor. The company originally disclosed it had raised $500 million in its Series E round back in March, which was led by Neuberger Berman. Nvidia Corp., Advanced…
AI leaders worry antitrust law could stand in the way of what they view as an increasingly urgent push to coordinate a slowdown in AI development. Source: www.wired.com Read Full Story
The draft adds registration requirements for controlled trading protocols and leaves its ethics provisions largely unchanged. Source: decrypt.co Read Full Story
The US Treasury has set a $6 billion ceiling for a Sept. 10 buyback of older long-dated bonds, giving dealers more room to offload inventory. For Bitcoin, the question is whether that relief can extend beyond bond trading into broader financing conditions. The tentative schedule published Sept. 9 targets nominal Treasury securities with 10 to…
The LAPTOP project said it will add pool incentives and expects early prediction-market burns to cut supply. Source: www.theblock.co Read Full Story
This follows last month’s security breach at shipping provider ShipMonk, which exposed the personal information of Trezor customers. Source: www.theblock.co Read Full Story
Suno’s new v6 AI music model is its first made with support from the record industry. Suno’s Jack Brody told The Verge that v6 was “trained from the ground up, with a new set of data that does not include the same data that our previous models were trained on.” The data includes content licensed…
Sean Jacobsohn worked at HR software startups long before he began investing in them. He held senior roles at WageWorks and Cornerstone OnDemand as both companies grew from single-digit millions in revenue to tens of millions, and he also worked at Upwork. All three of which went public. He later became a venture partner at…