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Share link:In this post: Germany launched Jupiter, an Nvidia-powered supercomputer, now the fourth-fastest in the world. Chancellor Friedrich Merz said the machine helps Europe compete with the US and China in AI. The US GAIN AI Act may block future exports of high-end chips like Nvidia’s to foreign countries.
Share link:In this post: Authors Grady Hendrix and Jennifer Roberson sued Apple, alleging their books were used without consent to train its OpenELM AI models. The lawsuit claims the iPhone maker relied on pirated datasets and failed to seek permission, compensate or credit the authors. Microsoft, Meta, OpenAI, and Anthropic also face lawsuits over alleged misuse of copyrighted works for AI training.
Share link:In this post: WLFI is getting some heat as Justin Sun’s frozen WLFI has started to be compared to debanking users. Sun claimed about 600 million tokens on September 1 and has accused WLFI of freezing those tokens after a blacklisting on Thursday. Another investor claims his funds were also locked after a risk assessment that only happened post-distribution.
The cryptocurrency market often experiences low performance and high volatility in September. Historical crash data shows that the decline rate has gradually slowed, dropping from an early 99% to 50%-80%. Recovery periods vary depending on the type of crash, and there are significant differences between institutional and retail investor behavior. Summary generated by Mars AI. The content generated by the Mars AI model is still being iteratively updated for accuracy and completeness.
Quick Take Summary is AI generated, newsroom reviewed. BlackRock bought 33,451 ETH, worth over $145 million, to add to its crypto portfolio. This purchase expands BlackRock's significant crypto holdings, which also include a large BTC position. The transaction reinforces BlackRock's commitment to the digital asset sector. The move signals growing institutional confidence and could encourage other investors to follow suit.References JUST IN: BlackRock buys 33,451.58 $ETH worth $145.1 million.
With the injection of new liquidity, three cryptocurrencies could become the biggest winners this month.
- 22:17Senate market structure bill draft proposes the establishment of a joint committee between the SEC and CFTC to end the turf war in the cryptocurrency sector.Jinse Finance reported that U.S. senators have released the latest draft of a significant crypto market structure bill, which calls for the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) to establish a Joint Advisory Committee on Digital Assets. This committee aims to bring together regulatory agencies that sometimes treat crypto assets differently. Although the advisory committee only provides non-binding recommendations, each commission must issue a public statement every time the committee submits findings or recommendations, explaining its decision on whether to take action.
- 20:56Swedbank: The US SEC has ended its investigation and will not take enforcement actionJinse Finance reported that Swedbank stated the U.S. Securities and Exchange Commission has terminated its investigation into the bank and has taken no enforcement action. Swedbank Deputy CEO Thomas Hedberg said in a statement: "With the SEC's announcement, we have concluded another investigation into historical issues." Reportedly, the investigation was launched in 2019 and involved Swedbank's past information disclosure matters. The statement also noted that investigations by the U.S. Department of Justice and the New York State Department of Financial Services into the bank are still ongoing. The statement mentioned that Swedbank is currently unable to assess the potential financial impact of these ongoing investigations, nor can it determine when the investigations will conclude. (Zhitong Finance)
- 20:02GFO-X Group has received in-principle approval from Abu Dhabi Global Market (ADGM)Jinse Finance reported that the crypto derivatives trading platform GFO-X Group has received in-principle approval from Abu Dhabi Global Market (ADGM) to launch a digital asset exchange and clearing house, with plans to officially begin operations in 2026. This approval allows GFO-X to operate as a recognized investment exchange and clearing house.