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- 18:52Zuckerberg appoints former head of Metaverse business to advance AI strategyAccording to Jinse Finance, the Financial Times reported that Mark Zuckerberg has appointed his long-time deputy, Vishal Shah, to a key position in Meta Platforms' (META.O) artificial intelligence team. This is the latest move in a series of executive adjustments as he advances his AI strategy. The restructuring follows the rushed launch of its AI video service, Vibes—despite Zuckerberg having recruited AI talent at high costs in recent months, the service was quickly surpassed by OpenAI's competing product, Sora. Shah joined Meta a decade ago, initially overseeing Instagram's product operations, and in 2021 transitioned to lead the company's creation of the "metaverse" virtual online world. According to an internal memo, MetaAI product head Nat Friedman announced that Shah will join his team to lead product management, with Shah reporting to Friedman.
- 18:15MegaETH ICO oversubscribed in 5 minutes, valued at $1 billion with $50 million raisedForesight News reported, citing zoomer, that the MegaETH ICO was oversubscribed within 5 minutes, receiving over $50 million in subscription commitments at a valuation of $1 billion.
- 18:15Falcon Finance integrates Tether Gold as USDf collateralForesight News reported that Falcon Finance has announced the integration of Tether Gold (XAUt) as collateral for USDf. Currently, the supply of Falcon Finance's synthetic dollar USDf has exceeded 2.1 billions USD.