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Crypto Rebounds, Aster Metrics Soar, Plasma Hits $13B

The cryptocurrency market is showing signs of a rebound, with Ethereum (ETH), Hype, and Binance Coin (BNB) leading the resurgence among top Layer 1 chains. Ethereum exchange-traded funds (ETFs) experienced record outflows last week, highlighting a shifting investment landscape. A notable development is Aster surpassing Tether in transaction fees and Binance in perpetual volume, signaling increased competitiveness in the stablecoin sector. The stablecoin supply has reached an all-time high, exceeding $300 billion. Plasma briefly hit a market cap of $13 billion amid the surge in stablecoins. Additionally, Kraken is reportedly in discussions to secure funding that would value the company at $20 billion, while Vanguard explores offering crypto ETFs to clients. Other noteworthy news includes UK banks piloting tokenized GBP deposits and Swift announcing plans to launch a blockchain in response to rising stablecoin activity. The market's dynamics highlight the growing integration of blockchain within traditional finance and the increasing adoption of digital assets.

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Trillions Meme Coin Surges to $60 Million Market Cap on Stablecoin Network Plasma

The Trillions meme coin, deployed on the stablecoin network Plasma, reached a market cap of $60 million shortly after the network's mainnet beta launch. The project, capitalizing on a meme predicting the total stablecoin market cap will reach trillions, soared following the network's heightened visibility. Despite

Swift to add blockchain ledger to global payments network

Swift has announced plans to integrate a blockchain-based ledger into its financial messaging infrastructure to enhance settlement processes across 200 countries. This initiative, revealed at the Sibos conference in Frankfurt, has garnered support from over 30 financial institutions in 16 countries. The first phase focuses on creating a conceptual prototype

Someone Built a Working AI Chatbot Inside 'Minecraft'—Here's How

A Minecraft enthusiast has developed a functioning AI chatbot by implementing a 5-million-parameter language model using the game's redstone logic, turning over 439 million blocks into a computational network. This system is not only a technical art piece but also serves as a demonstration of how neural inference

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