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โ ๏ธ Hashi Chain News Hourly Aggregated Briefing:
Reporting Period: 04:00 - 05:00
๐ฅ Google DeepMind veteran raises $1.1 billion to build AI that does not require human data training
Ineffable Intelligence believes that reinforcement learning is the path to superintelligenceโnot large language models. Founded by former Google DeepMind employees, the company has raised $1.1 billion in funding to develop AI systems that do not rely on human data for training.
๐ฅ Robinhood crypto revenue plunges 47%, bets on the event market surge to offset the decline
Although Robinhoodโs crypto revenue fell 47% year over year to $134 million, prediction market bets surged to a record high, driving overall revenue up 15% to $1.07 billion.
๐ฅ Robinhood shares fall; Q1 crypto revenue declines 34%
In Q1, retail brokerage Robinhoodโs cryptocurrency trading revenue declined 34% year over year. Even with growth in the prediction market business, overall performance still dragged the stock lower.
๐ฅ Stanford research: One-third of new websites are AI-generatedโIs the internet heading toward โdeathโ?
A study led by Stanford University quantifies a phenomenon that many people have long suspected: one-third of newly created websites on the current internet are generated by AI. However, the studyโs findings differ from public expectations.
๐ฅ Bitcoin Coinbase premium turns negative; BTC price weekly loss exceeds $829 million
As Coinbaseโs premium index turned negative for the first time in three weeks, Bitcoin prices fell in line with weakening demand in the U.S. spot market, with a weekly loss exceeding $829 million.
๐ฅ RedStone launches a settlement layer to address the RWA liquidity gap in DeFi lending
RedStone has released a new settlement layer designed to address the mismatch between DeFiโs rapid liquidations and slow asset redemptionsโa long-standing major obstacle for tokenized assets entering the lending market.
๐ฅ LayerZero commits 10,000 ETH to the DeFi United plan
Kelp said that the default configuration of its LayerZero-powered decentralized validator network has been exploited.
๐ฅ Robinhood Q1 crypto revenue and trading volume both drop by nearly 50%
Robinhoodโs trading revenue in Q1 rose 7% year over year to $623 million, but both crypto business revenue and trading volume decreased by nearly 50% quarter over quarter.