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Share link:In this post: The FCC greenlights new rules to strengthen the security of subsea data cable networks. License bids from adversarial governments will also face an initial presumption of rejection until proven harmless. Anna Gomez believes the new regulations will boost critical investments.
Share link:In this post: South Korea plans to launch an AI foundation model with an investment of 530 billion won ($383 million). The country selected five consortia to develop the project, including Naver, LG AI Research, SK Telecom, NC AI, and Upstage. The government plans to evaluate each team’s AI model every six months, eliminating one team at a time until only two remain by 2027.
Share link:In this post: Modi said he will host Putin in India this year after a detailed call on Ukraine and bilateral ties. Trump raised tariffs on Indian goods to 50% over continued Russian oil imports. Moody’s warned the tariff hike could cut India’s GDP growth and hurt manufacturing plans.
Erebor, a new crypto bank, aims for fast approval by leveraging political connections. While it could boost crypto, concerns about favoritism and corruption loom over its success.
- 17:34Probability of the "Crypto Market Structure Bill" Passing the Senate Increases as Bipartisan Cooperation Advances FurtherAccording to a report by Jinse Finance, crypto journalist Eleanor Terrett stated that today, the U.S. Senate Democrats released a comprehensive framework for the "Crypto Market Structure Act," sparking optimism among industry participants and some Republican leaders. There is potential for bipartisan cooperation in the Senate regarding crypto market structure reform. A coalition of 12 Democrats unveiled a detailed framework, indicating that the Democratic Party is ready to join the previously Republican-led efforts to establish clear rules for the crypto market. Cynthia Lummis, a key Republican advocate and senator, praised this bipartisan initiative. The Democratic framework is based on seven key pillars, aiming to clarify token jurisdiction, strengthen oversight of trading platforms and issuers, combat illicit financial activities and conflicts of interest, and provide regulators with more enforcement resources. These priorities largely overlap with those emphasized by Republicans. The key to a bipartisan agreement lies in the details, especially regarding differences in regulatory strictness. Republicans have traditionally favored looser regulation, while Democrats tend to support stricter rules. Previous reports indicated that the Senate Banking Committee is expected to mark up and revise the market structure discussion draft by the end of September, while the Senate Agriculture Committee will soon release a draft covering the CFTC regulatory section. The market structure bill is expected to be signed into law by President Trump before Christmas this year.
- 17:34Polygon: Update Completed to Address Transaction Finality IssuesJinse Finance reported that the Polygon Foundation has announced the completion of an update addressing transaction finality issues. The hard fork has been successfully completed, and milestones and state synchronization are now functioning normally. Checkpoints are being processed, and consensus finality for Polygon PoS has been fully restored. On the afternoon of the 10th, the Polygon Foundation stated: "There was a temporary delay in finality. Although the blockchain continued to operate and blocks and checkpoints were continuously generated, due to milestone issues, there was currently a 10 to 15 minute delay in transaction finality. A solution has been found and is being deployed to all validator nodes and service providers."
- 16:54US SEC Delays Review of Franklin Spot XRP ETF ApplicationChainCatcher news, the US SEC has postponed the review of Franklin's spot XRP ETF application, extending the original deadline to November 14, 2025.