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Ika could redefine trustless cross-chain DeFi

Amidst a cooling crypto market, Ika has introduced a novel multi-party computation design that facilitates trustless cross-chain signatures. Currently, less than 1% of Bitcoin is productive in DeFi, yet Ika's approach could unlock substantial dormant liquidity amounting to tens of billions of dollars. The current market sentiment has turned risk-off, with declines in all major crypto sectors while traditional assets like gold and the S&P 500 showed slight gains. Ika's architecture employs a unique 2PC-MPC design allowing distributed networks to generate cryptographic signatures requiring user participation, addressing a significant limitation in current threshold signature schemes. By enabling trustless operations without the risks associated with traditional bridges, Ika positions Sui as a potential global coordination layer for cross-chain activities. The technology's implications extend to allowing seamless integration for projects across various chains without the need for wrapped tokens. However, despite its mainnet launch, Ika's token has faced a sharp decline, with increased on-chain activity expected as more applications integrate the platform.

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Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares of VisionSys AI, a brain-machine and AI firm, fell over 77% in one day following its announcement of a registered direct offering intended to raise around $12 million. This significant decline marks an 88% drop over the past week, with current shares priced at $0.29. The company, which

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

VisionSys AI (VSA), a publicly traded brain-machine and artificial intelligence company, recently announced a stock offering that sent its shares plummeting by more than 77%. Following the news, VSA stock dropped to approximately $0.29, reflecting a staggering decline of over 88% in just a week. The firm had ambitious

Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering

Shares in VisionSys AI (VSA), a firm focused on brain-machine interface technology, plummeted by over 77% on Wednesday following the announcement of a stock offering aimed at raising approximately $12 million. The stock has fallen more than 88% over the past week, trading at about $0.29 per share, the

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