Federal Reserve Governor Lisa Cook said she is “prepared to act” if inflation remains too high above the Fed’s target rate. Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, a change that can pressure crypto and other high-risk investments. Cook was speaking...Continue Reading

Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency. ElizaOS fell 19% over 24 hours to an all-time low after Eliza Labs founder Shaw Walters said the token was “dead” and that the Eliza Foundation was winding down. ...Continue Reading

The incident reportedly stemmed from a misconfigured testing environment, adding Meta to a growing list of AI firms whose models have escaped evaluation sandboxes. Meta has become the latest major AI company to disclose that one of its models hacked another company’s systems during testing, following similar incidents involving Anthropic and OpenAI.  The model involved...Continue Reading

“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle. A Bitcoin security group made up of just 16 volunteers said they have found nearly 5,000 potential issues during a rapid AI-assisted review of projects in the...Continue Reading

Mysten Labs’ co-founder Sam Blackshear said he is joining Anthropic as AI shifts the balance between attackers and defenders. Sam Blackshear, the co-founder and chief technology officer of Mysten Labs, has announced he will be stepping down to join Anthropic and work on defensive security research. Blackshear, along with four former Meta executives, founded Mysten...Continue Reading

Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering. Fintech company Block (XYZ) lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead of...Continue Reading

Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering. Fintech company Block (XYZ) has lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead...Continue Reading

The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the Trump family’s crypto company. Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain the administration’s policy toward the United Arab Emirates following the country’s investment in President Donald Trump’s...Continue Reading