Industry Highlights Tracking
From 9 PM on February 28 to 7 AM the next day, the blockchain industry witnessed several key developments involving major players in the tech and finance sectors.
Top Industry News
- Amazon's Major Investment: Tech giant Amazon announced plans to invest up to $50 billion in OpenAI, a move that could reshape the convergence of AI and blockchain technology.
- Block Adds Bitcoin: Block's latest financial report shows it acquired an additional 340 Bitcoins in Q4, worth around $22 million, demonstrating continued confidence in crypto assets.
- Barclays Explores Blockchain: Barclays is actively researching blockchain-based platforms to support payment and deposit services, signaling deeper exploration of distributed ledger technology by traditional financial institutions.
- New OpenAI Funding: OpenAI raised $110 billion in a new funding round at a valuation of $730 billion, injecting strong momentum into AI-driven technological breakthroughs.
- Bitcoin Asset Recovery Proposal: A former exchange executive proposed a Bitcoin hard fork to recover part of the stolen assets, sparking discussions about network forks and asset ownership in the industry.
- Coinbase Legal Dispute: Coinbase's litigation head noted that some U.S. states are misleading the public on prediction markets, potentially impacting regulatory policies.
- Vitalik on Ethereum's Future: Ethereum co-founder Vitalik Buterin outlined the network's scaling plan, including short-term gas optimization and long-term phased deployment of ZK-EVM.