Spencer Applebaum: Multicoin Capital will not invest in pure AI projects

The US stock market will receive Meta and Tesla financial reports this week. Whether related companies can maintain high-speed profit growth and support the high cost debt financing investment boom will test AI themed trading.

A whale address has established a long position of $140 million on Hyperliquid, including 1236 BTC ($102.2 million) and 15928 ETH ($38.67 million).

[Polygon Launches Polygon CDK Besu, Supporting Institutional Private Chain Integration with Agglayer] Polygon has launched Polygon CDK Besu, enabling banks and financial institutions to deploy private blockchains based on Hyperledger Besu and integrate with other blockchains and liquidity through Agglayer. It currently supports deployment on the Ethereum mainnet. This solution adopts the QBFT consensus mechanism, allowing institutions to manage validator nodes and transaction permissions, verify cross-chain asset transfers using zero-knowledge proofs, and settle on Ethereum. Transaction data is retained within the institution's private infrastructure without needing to be uploaded to Ethereum. Institutions already running Hyperledger Besu can directly integrate with Agglayer.

A certain whale holds multiple BTC and ETH orders worth a total of $141 million, including 1236 BTC and 15928 ETH.

Emil Michael, Deputy Secretary of Research and Engineering and Chief Technology Officer of the US Department of Defense, has warned that if AI labs do not cooperate with the government, export controls will be implemented. (Source: The Information)