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BTC $78,729.17 +0.83%
ETH $2,445.07 -0.49%
BNB $687.97 -0.95%
XRP $1.38 -1.00%
SOL $103.32 -1.45%
TRX $0.3366 -1.13%
DOGE $0.0830 -1.90%
ADA $0.1965 -2.05%
BCH $248.29 +1.18%
LINK $11.31 -0.64%
HYPE $81.47 -2.13%
AAVE $124.32 +0.22%
SUI $0.7214 -2.31%
XLM $0.1770 -1.25%
ZEC $832.37 -0.75%

lt

LT is the abbreviation for the cryptocurrency Litecoin. It is a peer-to-peer digital currency. Litecoin is based on the Bitcoin protocol but has been optimized in aspects such as block generation time and hashing algorithms. Its main features are fast transaction confirmation speed and high network security, making it suitable for everyday small payments. Litecoin is an open-source project aimed at providing users with a faster and lower-cost transaction experience.
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Altrata: The number of billionaires worldwide will increase to 3,795 by 2025

Altrata's latest report shows that the number of billionaires worldwide will rise to a historic high of 3,795 by 2025, an increase of 8.2%, the strongest in five years. The rapid growth of super-rich wealth is driven by rising stock markets, monetary stimulus policies, and a surge in artificial intelligence investments. The total wealth of billionaires is expected to grow by 12.8% in 2025, reaching a record of $151 trillion, equivalent to nearly a quarter of the total market capitalization of the S&P 500 index. This marks the third consecutive year of accelerated growth in billionaire wealth, with an average wealth of $4 billion and a median net worth close to $2 billion.By region, the number of billionaires in North America increased by 11.6%, reaching 1,337, accounting for 35% of the global total; Europe saw nearly an 8% increase for the second consecutive year, reaching 1,081, accounting for 28%; Asia grew by 6.5%, reaching 881. The report indicates that since 2023, the surge in artificial intelligence investments has been one of the most important driving forces behind the creation of wealth among global billionaires, with its impact becoming more pronounced in 2025 and the first half of 2026. Investor enthusiasm for generative AI, large language models, cloud computing, and AI software has attracted significant capital, driving the revaluation of technology companies, with founders and major shareholders of leading global tech companies being the biggest beneficiaries.

first_img OpenAI terminates the Cursor model contract, Musk criticizes Altman

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.

Former Vice Chairman of the Federal Reserve: The default choice now is to raise interest rates, and Waller's speech reverses the previous logic of the Federal Reserve

Nick Timiraos, the "Fed Whisperer," stated that Fed Chair Waller has quelled some concerns about his strategy to combat inflation, but has also laid the groundwork for a larger test that may come in three weeks. If the Fed raises interest rates, it could anger the White House just weeks before the midterm elections. If they hold steady, it may reignite the doubts that Waller's remarks have calmed.Two points from Waller's speech on Friday particularly suggest that the Fed may raise rates next month. The first point is that Waller finds it difficult to describe the current financial conditions as restrictive. The second point is that the relatively positive inflation data over the summer has not convinced him that the underlying trend is improving. The Fed's default choice before Friday was to hold steady unless the data was strong enough to warrant action.Former Fed Vice Chair Cohen stated that Waller's remarks have reversed this logic. "He has changed the original assumption; it is now that they will raise rates unless the data shows it is unnecessary." This means that the final decision will depend on changes in the situation before the September meeting, especially the August CPI released on September 11. Cohen stated that if the data indicates that action is unnecessary, the Fed should not raise rates; if the data is strong, it could weaken the argument that inflation is moving back toward the Fed's 2% target.

Forbes: Europe is accelerating the construction of alternatives to the US dollar stablecoin, with the digital euro and private stablecoins advancing on two fronts

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.

first_img Cosmos Labs admits to misjudging a vulnerability, resulting in an attack on six chains with a loss of 5.7 million dollars

Cosmos Labs released a technical report, admitting that it previously misjudged an integer underflow vulnerability in the Cosmos EVM, which led to attacks on six blockchain networks between August 20 and 25, resulting in a total theft of approximately $5.7 million in tokens. The attacker exploited the vulnerability to underflow account balances to the maximum value of 2^256-1, then performed a reverse operation to transfer the inflated balance out, thereby stealing tokens from the target accounts without creating tokens out of thin air.The report shows that researchers submitted the defect through a bug bounty program on April 25, but testers were unable to reproduce it on the existing Cosmos chain configuration, so Cosmos Labs silently patched it in May. Independent researchers confirmed in early August that the vulnerability affected all Cosmos EVM chains, and Cosmos Labs released a patch on August 19, but the first attack occurred about 20 hours later.In terms of specific losses, MANTRA lost 720.9 million tokens (approximately $3.6 million), TAC lost nearly 3 billion TAC, and KiiChain lost about 148 million KII. Both MANTRA and KiiChain criticized Cosmos Labs for not notifying the affected chains in advance and suggesting a shutdown, with KiiChain stating that the patch would take several days to deploy while a shutdown would only take a few minutes. Cosmos Labs stated that it has coordinated responses with 40 chains and assisted 13 chains in completing repairs or shutdowns before being attacked.
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