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XRP $1.30 -4.63%
SOL $102.14 -4.79%
TRX $0.3308 -0.02%
DOGE $0.0794 -6.10%
ADA $0.2199 -6.42%
BCH $259.50 -6.77%
LINK $12.03 -6.61%
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XLM $0.1782 -6.16%
ZEC $1,089.97 -13.03%
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AMZN $251.13 -3.24%
GOOGL $342.81 -3.84%
MSFT $531.16 -2.63%
META $730.14 -5.01%
NVDA $219.15 -4.13%
TSLA $362.86 -3.46%
SNDK $1,342.85 -7.46%
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SPCX $149.68 -4.95%
MU $880.57 -6.68%
AMD $561.52 -6.93%

sui

Sui is a permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that meet the needs of the next billion users in Web3. Sui features horizontal scalability, supporting a wide range of application development at unparalleled speed and low cost.
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first_img The developer who replicated Photoshop is taking action again, releasing an open-source clone of the Microsoft Office suite

Brandon Thomas, the developer who previously used AI to reconstruct Adobe Creative Cloud for free, has now turned his attention to Microsoft Office. He has released open-source clone applications WordCraft, GridCraft, and DeckCraft on GitHub, corresponding to Word, Excel, and PowerPoint, respectively. The three applications are written in Rust, with a single codebase that can run natively on Windows, macOS, Linux, and BSD, and can also run in a browser. Thomas refers to this as a clean room reconstruction, meaning it is based on publicly available file format specifications and observations of the original software's behavior, without ever copying Microsoft's code, similar to the legal path taken by Compaq in the 1980s to clone the IBM PC BIOS.WordCraft can read and write .docx format, covering 88% of the features in the Word ribbon. It currently supports revision tracking, footnotes, citations, and mail merge; however, taking into account document fidelity and stability, the team estimates its completeness as a Word alternative for actual work is only about 60%, and it is still labeled as an alpha early testing version. GridCraft has supported 513 out of 523 Excel worksheet functions and 89% of ribbon commands, with the developer self-assessing about 50% as usable for actual work. The next step is to improve compatibility with real .xlsx files.

first_img Mysten reported the first native quantum-resistant Devnet transaction of Sui, with the mainnet target set for the first quarter of 2027

Mysten Labs reports that the Sui network has completed its first native post-quantum Devnet transaction. This Devnet implementation introduces the ML-DSA-65 account signature, allowing accounts to authorize transactions directly using this post-quantum signature scheme. ML-DSA-65 belongs to the ML-DSA series defined by the National Institute of Standards and Technology (NIST) FIPS 204 standard, and Sui uses it as the native protocol signature scheme for everyday accounts.Sui is also planning to introduce a hash-based SLH-DSA-SHA2-128s (FIPS 205) for high-value vaults in Move smart contracts. The two schemes are based on lattice-based and hash-based mathematical problems, respectively, so a weakness in one scheme will not affect the other. Since Sui keys are deterministically derived from seeds, users can migrate to post-quantum keys using existing mnemonic phrases; the already launched address aliases allow accounts to update authorization keys without transferring assets.Post-quantum accounts are being rolled out in an optional, incremental manner, following the online path of zkLogin and passkey. Sui states that the goal for the post-quantum vault is to go live on the mainnet within this year, with the native ML-DSA-65 accounts aiming to enter the testnet by the end of the year, and the mainnet native account authentication goal set for the first quarter of 2027, with the final timeline depending on independent audits and testnet feedback.

first_img Intel and Qualcomm have raised processor prices, and AMD is rumored to follow suit

According to the Business Times citing supply chain sources, Intel has raised the prices of multi-generational PC processors since September, with the high-end Panther Lake seeing an increase of 15% to 20%. Qualcomm raised the prices of multi-chip platforms by about 10% on October 1, and AMD is reported to follow suit, with the increase, scope, and effective date still to be confirmed.The report states that Intel has raised prices three times since the end of last year. Starting from September 1, prices were adjusted differentially by product line, with the highest increase for high-end Panther Lake products, focusing on those equipped with high-end GPU tiles, rather than a simultaneous increase across the entire series; Meteor Lake and Arrow Lake saw increases of about 5% to 10%. Panther Lake adopts heterogeneous integration, with the CPU Compute tile produced by Intel 18A, and the high-end GPU tile outsourced to TSMC N3E. The largest increase this time is for high-end GPUs using TSMC's advanced process.The supply chain indicates that Qualcomm's Snapdragon X and X2 Elite platforms will increase by about 10% starting in October. AMD's Ryzen and EPYC heavily rely on TSMC's advanced processes, with the next generation of EPYC pushing towards 2 nanometers. Industry insiders say that process upgrades, product high-endization, and AI computing power demands are simultaneously driving up CPU prices, with AI, mobile, and high-end computing competing for TSMC's 3-nanometer capacity, while 2-nanometer is entering the ramp-up phase for mass production.

first_img Better Markets criticizes the U.S. CFTC for being unsuitable to regulate retail cryptocurrency trading

According to Cointelegraph, the nonprofit financial reform advocacy organization Better Markets criticized the CFTC's proposed framework for retail crypto trading, arguing that the protections for investors would be weaker than those provided by the SEC. The CFTC publicly solicited comments on the framework for retail crypto trading involving margin, leverage, or financing on Monday.Benjamin Schiffrin, the Director of Securities Policy at Better Markets, stated that unlike the SEC, the CFTC lacks a mandate for investor protection, as its mission is to regulate commodity and derivatives markets that have historically been dominated by large institutions with minimal retail participation. Therefore, the CFTC is the wrong agency to oversee retail customer crypto asset trading.Better Markets also questioned the CFTC's claim regarding Congressional intent to allow it to regulate such trading. Schiffrin pointed out that the statutory authority cited by the CFTC was originally established to address fraud in leveraged precious metals trading and does not indicate Congressional intent for the agency to become the primary regulator of retail crypto.He also criticized the proposed framework for potentially allowing connections between market participants, which had previously led to the collapse of FTX. Schiffrin simultaneously condemned CFTC Chairman Mike Selig's statements about making the U.S. the global crypto capital, stating that he failed to explain why this would be a good thing and noted that crypto still lacks real use cases after 18 years.Nate Geraci, President of NovaDius Wealth Management, countered that the crypto industry is simply seeking clear rules, and if Congress cannot provide them, the CFTC and SEC may have to take on that responsibility.

first_img The Bank of America group sued the OCC, accusing it of overstepping its authority by issuing trust licenses to cryptocurrency companies

The Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in federal court on Friday, accusing it of exceeding its statutory authority when issuing national trust bank charters to cryptocurrency companies. The ICBA stated that the OCC is implementing "broad new powers not authorized by the National Bank Act," allowing these companies to enter the U.S. banking system without being subject to the same level of regulatory oversight as community banks, putting small banks at a "serious competitive disadvantage."The ICBA is one of the largest banking advocacy organizations in the United States, primarily representing small institutions. Last month, the organization strongly opposed the Digital Asset Market Structure Bill, which failed to advance in the U.S. Senate, arguing that its stablecoin provisions did not protect community banks from direct competition for deposit accounts. ICBA President and CEO Rebeca Romero Rainey stated that Congress did not establish the national trust charter to provide a "backdoor" for cryptocurrency companies seeking to enter the banking system with the credibility of a federal bank charter, as these companies do not bear the same obligations regarding capital, liquidity, regulation, and Federal Deposit Insurance Corporation (FDIC) insurance requirements. An OCC spokesperson responded to CoinDesk that the agency does not comment on ongoing litigation.Recently, the OCC has continued to issue trust charters to cryptocurrency companies, but these companies' business models differ from those of typical community banks and do not offer cash deposit accounts that require FDIC insurance. Approved institutions include cryptocurrency banks Protego and Erebor, as well as existing cryptocurrency firms like Coinbase, Circle, and Crypto.com.
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