According to Lookonchain monitoring, a certain address exchanged 1126.44 ETH (worth $2.01 million) for 5776 LIT (worth $14208 million), resulting in a loss of nearly $2 million.

EthLabs founder Barnab é Monnot has released a Week 2 update, focusing on Ethereum interoperability, research on PropaMMs, ENS infrastructure development, and team financing and recruitment. The team is enhancing the research and development of asynchronous interoperability based on zero knowledge proofs, and advancing the Fast Confirmation Rule to reduce the confirmation delay from L1 to L2. PropaMMs have become a recent research focus, and ENS is considered a critical infrastructure. EthLabs has received over 300 applications, processed about 20%, and aims to expand to around 10 people in the short term and around 20 people in the medium term. The financing is nearing completion, with support from BitMNR, Sharpnink, and Ethereum Joseph, and plans to introduce 1-2 more core investors.

According to Onchain Lens monitoring, a newly built wallet has withdrawn 323.72 BTC worth $20.59 million from Binance in the past hour.

SemiAnalysis pointed out that Nvidia has postponed the Kyber NVL144 to 2028 due to manufacturing challenges, cancelled the NVL72x2 architecture, delayed NVL576 due to immature CPO technology, and reduced the Rubber Ultra from a four chip version to a dual chip version, giving competitors a window of opportunity in terms of expansion capabilities.

According to the Financial Times, the UK Financial Conduct Authority has warned of an arms race in AI regulation in the financial sector and called for new powers to regulate AI tools such as ChatGPT, Claude, and Gemini. （Cointelegraph）