Meta Grants US Military Access to Llama AI Model
Meta has granted the U.S. military access to its Llama AI model to support logistics, cyber defense, and counter-terrorism efforts. Partnering with Microsoft and Amazon, Meta aims to bolster U.S. technological leadership in open-source AI. Meta stated that the preservation of the United States “technological advantage” over China and other competitors would be facilitated by […]
Michigan State Pension Fund Invests $10M in Ethereum
The Michigan Retirement System has diversified its crypto holdings, investing $10 million in Grayscale’s Ethereum Trust. The State of Michigan Retirement System, which is responsible for managing $13.6 billion in pension fund assets, has initiated diversifying its crypto holdings in the wake of its entrance into the asset class earlier this year. The state fund […]
Crypto Traders Expect Shifts in Markets
Crypto traders anticipate an end to the recent lackluster market movements as we enter the second month of the final quarter. Bitcoin has been ensnared below $73,777 since the peak in March. The price experienced a decline as a result of the forthcoming U.S. election and the escalating geopolitical tensions, following a recent peak of […]
UBS Launches Ethereum-Based Money Market Fund
UBS Asset Management launched “uMINT,” an Ethereum-based money market fund in Singapore, aiming to attract institutional investors with enhanced transparency and security. Ethereum-Based Money Market Fund UBS Asset Management, a large-scale investment manager with a presence in 50 markets, has announced the launch of the “UBS USD Money Market Investment Fund Token” (“uMINT”), a money […]
DOJ Targets Russian CEO in Crypto Market Manipulation Crackdown
The DOJ has indicted Gotbit CEO Aleksei Andriunin for wire fraud and market manipulation, alleging he inflated cryptocurrency visibility through fake trading. On Thursday, the U.S. Department of Justice (DOJ) said that Aleksei Andriunin, the founder and CEO of the cryptocurrency financial services company Gotbit, has been charged with wire fraud, plot to commit market […]