Mentoring the digital future
London
Joined August 2024
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Would be amusing, if it wasn't sad.
A question no one is asking on the Crypto timeline, they seem to always "need" some quasi black swan every now and then?
FTX, then Oct last year, now this.
A reset of 3 to 5 Billion dollars every year like clockwork?
Tinfoil. Internal
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
Digital Venture Labs retweeted
Despite the significant investments ploughed into artificial intelligence it has provided “zero payoff” to corporate America outside of technology, according to Apollo's Chief Economist Torsten Slok. Read more: bloom.bg/3UeNZMq
📷: Victor J. Blue/Bloomberg
AI did not put up to 70% of the worlds websites at risk.
They were already at risk.
AI just helped tech stacks get a bit more robust.
Exclusive: AI just found one of the most severe online bugs ever. It puts up to 70% of the world’s websites at risk. on.wsj.com/4BhITiW
Don't fall for the bait- the $25 waiver etc.
If you're vibe-coding an app for self use, just side load the APK.
Protect your IP and avoid the bureaucracy of dealing with the motherships oppressive regime.
If you do plan to go public with it, of course subservience is needed
Google is letting anyone publish privately listed, vibe-coded Android apps on the Play Store bloomberg.com/news/articles/…
Worth keeping an eye on.
Nvidia is in early-stage negotiations to acquire or further invest in startup Reflection AI, an American developer of open-weight models, the Financial Times reported bloomberg.com/news/articles/…
This is going to take "AI can make mistakes" to a whole new level.
Interesting to compare with the proportion of human errors in the field.
JUST IN: Utah becomes the first U.S. state to allow AI to prescribe medication without direct doctor review.
Readers added context they thought people might want to know
Utah has approved a limited AI sandbox pilot (Nolla Health) allowing AI to prescribe certain low-risk acne medications after an initial phased review period. This is not unrestricted AI prescribing of any medication.
bloomberg.com/news/articles/…
It's all too familiar.
An AI biosecurity startup called Red Queen Bio is rushing to design antibodies that can be manufactured to protect against a range of potential pathogens, including the seemingly sci-fi threat of an AI-designed virus. on.wsj.com/4hpBOUn
Next up, node-driven, Decentralized AI.
No downtimes.
Just a perfectly healthy and free market.
BREAKING: Moderna stock, $MRNA, surges over +110% after announcing the first ever positive Phase 3 results for a personalized cancer vaccine.
Low float high FDV games usually don't end well.
Elon Musk’s SpaceX Holdings Revealed. (Hint: It’s A Lot.) trib.al/IUvIcYY
Digital Venture Labs retweeted
Stripe has finalized an agreement to acquire OpenRouter, a startup that helps companies switch between artificial intelligence models, for more than $7 billion, according to people familiar with the matter. bloomberg.com/news/articles/…
Digital Venture Labs retweeted
The worlds first / only Mobile App that runs Quantum Circuits on real hardware?
ZKSF is a quantum circuit simulation and execution service. We just shipped an Android app for it, so you can submit a circuit and get results on the move, without twiddling thumbs at a workstation.
What it does:
- Run circuits on classical engines (exact, tensor network, stabilizer, Pauli propagation) or on real quantum hardware (Rigetti, IonQ for now, with IBM, Quantinuum in the pipeline)
- Every simulated result comes back with a measured accuracy bound, not just numbers. Most simulators discard that information before you see it
- Download a verifiable certificate for any finished run, share it with your peers!
- Browse the docs, glossary, and research articles offline
It talks to the same API as our Python SDK (qsim-sdk on PyPI), so anything the app does you can also script.
Play Store: play.google.com/store/apps/d…
Also try: doi.org/10.5281/zenodo.21836…
Run 100-qubit circuits for cents
- ZCC-v0.1 | ZHF-v0.1 Certified
- Automated circuit routing available for CPU, GPU and QPU
Zero Kelvin Simulation Foundry, exists to make quantum computing accessible to anyone who wants to use it. We pair accurate, certified simulation with access to real quantum hardware, so the full range of quantum experimentation is available on demand, without specialized infrastructure or institutional access.
zksf.org
Digital Venture Labs retweeted
JUST IN: 🇨🇳 Chinese company Moonshot's AI model breaks out and escapes from isolated test environment.
Digital Venture Labs retweeted
JUST IN: X to end current creator monetization program and replace it with new "Original Content Rewards Program."
All existing creators will have to re-apply starting September 8th.
Digital Venture Labs retweeted
New in Claude Code: your sessions can now message each other.
Instead of having to re-explain yourself in another session, you can now tell Claude to do it. It sends a summary (not your history or files), and the other session picks it up mid-task.
...not yet..?
The new mantra is that AI can do pretty much everything better than humans. But that isn’t true. on.wsj.com/4wAWwqs
