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Ika could redefine trustless cross-chain DeFi

Ika recently launched a novel multi-party computation design that enables trustless cross-chain signatures, addressing the underutilization of Bitcoin in decentralized finance (DeFi). Currently, less than 1% of Bitcoin is productive in DeFi, but Ika's architecture could unlock significant liquidity by allowing for secure cross-chain transactions without the traditional risks associated with wrapped tokens and bridges. The protocol utilizes Sui's object-based blockchain and a unique 2PC-MPC architecture, ensuring that no transaction can occur without user authorization. This design intends to enhance security and liquidity access across various blockchain ecosystems. As markets continue to face macro pressures, traditional assets such as gold and the S&P 500 have shown resilience, contrasting the decline in cryptocurrency sectors. The market update highlights fluctuating investor sentiment, particularly with Bitcoin showing signs of stabilization. As the Ika platform develops, its integration with applications may further advance the efficiency and security of DeFi operations, potentially reshaping the cross-chain landscape significantly.

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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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