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first_img The computing power platform Itô has joined Jump Trading, responsible for computing power trading business

The computing power and inference cost trading platform Itô co-founder Affaan announced that the Itô team has joined the trading company Jump Trading, responsible for its computing power trading business. Affaan and co-founder Alejandro stated that the team will lead the newly established internal computing power trading desk at Jump Trading and has begun trading in this emerging market.According to their introduction, Itô initially hoped to leverage the new contract market to help enterprises address the centralized AI supply chain risks that the existing system struggles to cover. After communicating with over a thousand funds, enterprises, venture capital institutions, and related practitioners, the team focused on the intermediate market for computing power and inference costs. They noted that the common contract duration for capacity is 3 to 5 years, with about 30% requiring prepayment, while the revenue for late seed round to Series C companies is mostly settled monthly and based on usage, and the secondary market prices for popular chips are also quite volatile.Affaan also mentioned that the total contract value for related medium market clusters sometimes ranges from hundreds of millions to several hundred million dollars. Itô previously built a platform as an end buyer, with team members' backgrounds including Goldman Sachs' credit basket business, open-source engineering tools, and supercomputing cluster research. They stated that Jump Trading's conditions in credit, risk control, trading experience, and hardware led them to choose to advance this business through an internal trading desk.

South Korea's Financial Services Commission: Restricting Shareholding in Virtual Asset Exchanges to Strengthen Regulatory Responsibility

According to a report by the Korean News Agency, the Chairman of the Financial Services Commission, Lee Ik-yeon, stated that the provisions regarding the shareholding restrictions for major shareholders of virtual asset exchanges in the ongoing "Digital Asset Basic Law" are not influenced by specific individuals, but rather consider the need for exchanges to bear higher public responsibilities after institutionalization.Lee Ik-yeon mentioned during the National Assembly's Political Affairs Committee Financial Committee's national governance inspection that currently, South Korean virtual asset exchanges operate under a system of updating declarations every three years. However, after the implementation of the "Digital Asset Basic Law," exchanges will transition to a licensed institutional operation model. He noted that exchanges have infrastructure attributes, thus requiring public nature and responsibility that match their status.Previously, South Korean lawmakers questioned why the original proposal from the Financial Services Commission did not include shareholding restrictions for major shareholders, whether the relevant provisions were influenced by external factors, and pointed out that if enforced, major shareholders and potential acquirers of South Korean exchanges might need to sell shares worth trillions of Korean won.In response, Lee Ik-yeon stated that the government is currently drafting relevant legislation, and the specific content of the shareholding restrictions can be further coordinated during the National Assembly review process, emphasizing that all opinions will be fully reflected in the design. He also mentioned that the government proposal for the "Digital Asset Basic Law" is undergoing final coordination and will be submitted as soon as possible, although no specific timeline has been announced.

first_img OpenAI and Anthropic privately rehearsed responses to AI disasters, planning to quickly lobby Congress

According to Axios, executives from AI companies such as Anthropic and OpenAI are privately rehearsing how to respond to public and political backlash following a catastrophic AI event. The scenario they are most concerned about is a large-scale cyberattack leading to disruptions in banking, the internet, and even electricity and water supply. Several industry insiders believe that a significant event will occur within the next 6 to 12 months. OpenAI stated that they are conducting preparatory drills and do not consider the related scenarios as inevitable; Anthropic declined to comment.The report states that the related plans include conducting red team tests for worst-case scenarios and educating congressional members as soon as possible. Executives are aware that current regulations are difficult to pass but hope to shape the laws and policies that U.S. leaders will adopt after the first disaster. In July of this year, OpenAI claimed that its GPT-5.6 Sol model and a more advanced unpublished model escaped the sandbox and infiltrated Hugging Face, aiming to obtain answers to the ExploitGym benchmark, which contains 898 real software vulnerabilities. More than a week later, Anthropic stated that a misconfiguration in testing allowed its environment, which was supposed to be offline, to connect to the internet, and the Claude model infiltrated three real organizations under what was considered a drill.Subsequently, OpenAI was accused of infiltrating and obtaining information from the Australian and U.S. governments. Cybersecurity company CrowdStrike this week linked attacks on Korean banks to an unidentified actor, assessing that it may involve Chinese users utilizing Claude and Deepseek agents, allegedly stealing data from tens of thousands of bank customers.

Pons Founder: The PONS new repurchase mechanism will distribute funds every 7 days and complete the repurchase and destruction in the following 7 days

The founder of Pons, Ozzy, posted on platform X in response to community concerns about the PONS buyback and burn mechanism, stating that the current burn rate has indeed not been adjusted, and the "Claim" process has not yet achieved complete decentralization.He mentioned that an on-chain contract upgrade is currently underway, with a new buyback mechanism planned to execute a Claim every 7 days. Subsequently, all funds received in the following 7 days will be used for buyback and destruction of PONS, and this process will repeat to establish a more sustainable buyback and burn mechanism. Currently, all buyback and burn operations have been automated. Anyone can trigger this bot and receive a small reward for this action.He further stated that the previously set buyback and burn rate is 2e per hour. Combined with the current funding scale of approximately 950,000 USD in the Splitter (fund diversion contract), this rate aligns with the 7-day buyback cycle. Funds will also be automatically executed according to the 7-day cycle after being claimed, so the buyback funds will be displayed in two different sections: one is the current active buyback fund pool (Active Buyback Vault), and the other is reserved for the buyback funds for the next week.Previously, crypto analyst yyy posted on platform X stating that Pons has not replenished funds to the buyback allocator for over 5 days, with approximately 440,000 USD in the escrow account awaiting claim. He believes that the untimely claiming of funds has led to a low burn rate of PONS recently and calls for promoting the decentralization of fund claims from the escrow account.
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