deai

Judge Lewis Kaplan of the Federal Court for the Southern District of New York ruled to deny the motion to dismiss filed by the defendants in the TradeAI/Stakx case, allowing the case to proceed.The case was brought by the cryptocurrency law firm Burwick Law, accusing multiple defendants of operating a fraudulent scheme resembling a Ponzi scheme using NFTs and cryptocurrency investment pools, promising high returns to investors. The estimated losses have exceeded $20 million, with a total scale of approximately $440 million involved. The court rejected all defense arguments from the defendants regarding jurisdiction, venue, and service of process.Regarding defendant Cyrus Abraham's refusal to respond to the lawsuit on the grounds of technical defects in the service of process, the judge clearly stated that litigation is not a game of hide and seek, requiring Abraham to disclose his current residential address to the plaintiff's law firm by March 31, or he would face a default judgment and further sanctions. The court also officially extended the deadline for service to April 22 and has allowed alternative methods of serving legal documents through Ethereum wallets, email, and social media.

ChainCatcher news, OlaXBT will showcase its "Data Layer × deAI" new narrative during TOKEN2049 Singapore Week (9/29--10/5), driving decentralized agents' autonomous trading with Atomic Data, Speed-to-Signal, and quant-ready execution; and on September 30 (SGT), participate in the R3al World AI Summit & AgentFi Demo Day (in collaboration with Amber Group/amber.ac), sharing how to support deAI agents with a preprocessable and verifiable data layer to achieve instant and auditable strategies.Engage closely with the OlaXBT team, exchange market insights with ecosystem partners, and receive a limited #OLAXBTAgent blind box (while supplies last).Event registration:Amber Big Demo Day: https://luma.com/g6yp0sx1?tk=C1N1UGR3al World AI Summit: https://luma.com/r3al-world-ai-summit?tk=hmpCsA

ChainCatcher news, in a letter to the shareholders of Digital Currency Group, CEO Barry Silbert discussed deAI (decentralized AI): the effort to integrate artificial intelligence innovation with blockchain technology in the cryptocurrency industry. Compared to the closed systems developed by OpenAI and other giants, this technological integration of deAI may bring better returns for humanity.DCG has invested $105 million in several deAI projects, and Barry Silbert stated that the opportunities in deAI are greater than those in Bitcoin.In the letter, he stated: "We are shifting from digital ownership of assets to intelligent decentralized ownership and the availability of vast decentralized computing resources. deAI may herald a revolution of power rather than a revolution of currency, using cryptocurrency as a mechanism for distributing ownership and governance of powerful AI models."

ChainCatcher message, Scam Sniffer has issued a warning on social platforms that the newly issued "NUDEAI" and "MAGA" tokens on the Base chain have been confirmed as fraudulent tokens. Attackers have transferred backdoor code from SafeMath.mod() to the MerkleProof.verifyCalldata() function in the smart contract, allowing them to transfer assets arbitrarily without user authorization.The involved token contract addresses are: NUDEAI (0xcb33289e...85d4cf95af3574) and MAGA (0xc20fd8...f703e8b522372901). Scam Sniffer reminds users to be cautious of such fraudulent tokens that implant backdoors through the transferFrom function and recommends conducting security verification before interacting with unknown tokens.

ChainCatcher news, L1 public chain Kava announced plans to transform into the first decentralized artificial intelligence (DeAI) blockchain in 2025.Kava will release three important updates in January: the DeAI light paper, the 2025 AI development roadmap, and a product that supports developers in embedding AI features in dApps.

ChainCatcher news, Forbes published an article discussing the most noteworthy trends in cryptocurrency for 2025:Regenerative Finance (ReFi) and green crypto projects that utilize blockchain technology to aid ecological restoration.Blockchain-based dispute resolution mechanisms that provide automated and transparent solutions.The rise of Central Bank Digital Currencies (CBDC) promoting financial inclusion.Decentralized Identity (DID) systems that allow users to control their personal data.Decentralized Artificial Intelligence (deAI).

ChainCatcher news, the decentralized AI underlying protocol KIP Protocol announced that the KIP token TGE will take place on December 10, further promoting the development of DeAI.Its whitelist node sale (node.kip.pro) is in full swing and will end at 12 PM (UTC+8) on December 7. It is reported that all KIP node purchasers (including early whitelist supporters) will receive $KIP airdrop rewards, which can be activated within 7 days after the TGE.KIP is a Web3 infrastructure built for AI app developers, model creators, and data owners, allowing for easy deployment and monetization of AI assets while fully retaining ownership. So far, KIP has implemented real use cases of DeAI in various fields such as education, entertainment (AI Agent), biotechnology, and government, with a total financing amount exceeding $10 million.

ChainCatcher news, recently, KIP Protocol announced on its official Twitter that its AI deployment solution provider Kipley.ai has officially signed a Memorandum of Understanding (MOU) with the Thailand Institute of Scientific and Technological Research (TISTR). TISTR is the largest government research institution in Thailand, directly under the Ministry of Higher Education, Science, Research and Innovation of Thailand.The strategic cooperation between KIP Protocol and TISTR will utilize the AI tools of Kipley.ai to analyze stem cell samples with the utmost precision, promoting faster and more reliable breakthroughs in regenerative medicine.It is reported that the AI technology architecture of Kipley.ai has been applied in key fields such as life sciences, agriculture, and biotechnology by more than 200 universities, government agencies, and non-governmental organizations. This cooperation aims to address significant challenges in the biotechnology and medical fields, benefiting millions of patients worldwide.KIP Protocol is a decentralized underlying protocol focused on AI and is the world's first decentralized RAG network. Over the past year, KIP has continuously expanded its customer base in the education, entertainment, and government cooperation sectors, partnering with leading Web2 and Web3 companies, and consistently promoting real use cases of DeAI while achieving sustainable user growth.

ChainCatcher news, KIP Protocol announces a strategic investment in HackQuest. As a decentralized AI infrastructure, KIP will fully leverage HackQuest's developer network, with plans to launch a global hackathon initiative next year, gradually advancing the development of the KIP ecosystem and developer program, supporting the growth of the next generation of DeAI developers.HackQuest, as a leading Web3 developer education platform, hosts over 50 hackathons globally each year, with an active community of more than 50,000 developers and rich experience and expertise. This investment will further enhance KIP Protocol's influence in the promotion and education of decentralized artificial intelligence (DeAI), while providing HackQuest with a robust set of DeAI development components to help emerging DeAI developers get started.

ChainCatcher news, WOO X will launch DEAI spot trading today at 16:00, and the deposit channel is now open.In addition, WOO X will start a 7-day DEAI trading incentive event today at 17:00, which will end on November 4 at 7:59. During this period, the platform will distribute a total of 91,400 DEAI (approximately $51,000) as event rewards.

ChainCatcher news, during the recent Argentina Technology Forum, KIP co-founder Julian Peh had in-depth discussions with Argentine President Milei. They explored the challenges and opportunities brought by AI, as well as issues related to AI sovereignty. Julian emphasized that KIP is focused on promoting the integration of DeAI and education as a key step towards achieving a positive social transformation quickly.President Milei expressed high appreciation for KIP's strategy and supported KIP in undertaking more work, encouraging the widespread application of its technological solutions in Argentina. This meeting demonstrated Milei and the Argentine government's firm support for KIP's future development and laid a solid foundation for KIP's expansion in the Latin American market. Julian also revealed that KIP is preparing a major initiative targeting Argentina and Latin America, indicating that KIP will have greater development space and potential in the region in the future.