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According to The Block, the self-trading platform Hypernova built on Hyperliquid has completed a $3 million pre-seed funding round, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. Several angel investors from the Hyperliquid ecosystem also participated in this funding round.The platform automates trader payments using smart contracts, aiming to address issues such as the lack of transparency in payment processes and profitable traders becoming liabilities for traditional proprietary trading firms. Hypernova can dynamically decide whether to push positions to the market based on the quality of traders. The platform is currently in a closed alpha phase and plans to publicly launch within the next two months.

ChainCatcher news, according to market information, the S&P 500 index fell 0.29% in pre-market trading, and the Nasdaq fell 0.36%. Cryptocurrency stocks generally declined, including:Coinbase (COIN) down 1.23%;Tesla (TSLA) down 1.72%;MicroStrategy (MSTR) down 1.62%;MARA Holdings (MARA) down 1.39%;Riot Platforms (RIOT) down 1.16%.

ChainCatcher message, Kye, the developer behind AI Agent swarms, posted on platform X: "Every artificial intelligence should be open source. Every single one. I am not a die-hard fan of the AI safety community, but non-open-source AI is very dangerous. With open source, people can make changes to align AI with humanity. If it's closed source, that's impossible. We should encourage everyone to open source their AI, or we will face unimaginable consequences.At @swarms_corp, all our work is open source. Everything is on our GitHub, and we commit to always open sourcing all our work."

ChainCatcher news, according to sources, Microsoft has been working to increase both internal and third-party artificial intelligence models to support its flagship AI product Microsoft 365 Copilot, diversifying the existing OpenAI foundational technology and reducing costs.Microsoft is a major supporter of OpenAI, and this time Microsoft is seeking to reduce its reliance on the AI startup, which is different from the way Microsoft has boasted about its access to OpenAI models in recent years.Sources say that in addition to training its own smaller models (including the latest Phi-4), Microsoft is also working to customize other open models to make 365 Copilot faster and more efficient. It is reported that the aim of this move is to lower the costs of running 365 Copilot and potentially pass the savings on to end customers.

ChainCatcher message, OP Labs tweeted that it has released a bug fix that could prevent the eth-optimism SDK from proving certain types of withdrawals. Teams using the SDK should update their dependencies to the latest version, and developers of alternative SDKs should also incorporate similar changes in their code.

ChainCatcher message, the Cosmos Hub community proposed to allocate over 900,000 ATOM from the 2024 budget to Informal Systems and Hypha Worker Co-op for the maintenance and improvement of inter-chain security protocols, maintenance of the Cosmos Hub Gaia core software, and maintenance and enhancement of the testnet program.It is reported that Informal Systems is the team responsible for the core development of Cosmos Hub, while Hypha Worker Co-op is the team responsible for the consumer chain. Currently, the majority of votes on this proposal are against it.

ChainCatcher message, regarding the "Stargate suspected bug," a Twitter user named "0xlittledevil," a smart contract developer, responded that this user's behavior actually conforms to the Stargate protocol, as their actions have helped with the pool's rebalancing and paying protocol fees, all of which are beneficial to the protocol. The erRewards pool is accumulated from the eqFee fees from user transfers and is completely independent of the main protocol; how to allocate eqRewards for incentivizing rebalancing is merely an efficiency issue. All funds are safe. Layerzero will deploy a new Fee library to optimize the allocation efficiency of eqRewards.Earlier today, Twitter user @BofkUR posted, "Stargate seems to have a vulnerability, as one user is profiting 1000U-2000U each time they cross-chain using this vulnerability. It appears they first add several million dollars in assets to the liquidity pool, then immediately withdraw to unbalance the liquidity pool, and then cancel the cross-chain in the same block. They have traded over 200 times recently." (source link)