AICoin Daily Report (October 07)

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1. U.S. Senate Fails to Pass Funding Bill, Government Shutdown Continues

On October 6, the U.S. Senate voted on funding bills proposed by both the Democratic and Republican parties, aimed at ending the government shutdown. The Democratic bill failed to pass with 45 votes in favor and 50 against; subsequently, the Senate voted on a temporary funding bill proposed by the Republicans, which also did not meet the threshold for approval. The rejection of both party bills means that the U.S. government shutdown will continue. -Original

2. Plume Network Approved by SEC as Tokenized Securities Transfer Agent

Plume Network has received formal approval from the U.S. Securities and Exchange Commission (SEC) and successfully registered as a transfer agent for tokenized securities. This qualification allows it to provide registration, transfer, and related services for tokenized securities within a compliant framework, supporting the securitization operations in the blockchain field. -Original

3. Standard Chartered Predicts Stablecoin Market Value to Reach $2 Trillion by 2028

On October 6, Standard Chartered Bank predicted that the total market value of global stablecoins will reach $2 trillion by the end of 2028. The bank expects that over the next three years, about $1 trillion in funds may shift from emerging market bank deposits to stablecoins, as they provide users with a low-friction way to gain exposure to the dollar. Standard Chartered noted that stablecoins have become "dollar-denominated bank accounts" in emerging markets, and despite the U.S. "GENIUS Act" limiting zero-yield compliant issuers, this trend may accelerate. -Original

4. OpenAI and AMD Reach Multi-Billion Dollar Chip Collaboration Agreement

OpenAI and chip design company AMD announced the signing of a multi-billion dollar collaboration agreement aimed at developing artificial intelligence data centers running on AMD processors. Under the agreement, OpenAI commits to purchasing AMD chips equivalent to 6 gigawatts of computing power, starting with the MI450 chip to be launched next year, with purchases made through direct buying or its cloud computing partners. AMD's CEO stated that the deal is expected to bring the company hundreds of billions in revenue over the next five years. The agreement also includes an incentive clause: if OpenAI meets specific deployment targets, it will receive warrants for up to 160 million shares of AMD stock at a price of $0.01 per share, representing about 10% of AMD's total equity, provided that AMD's stock price meets the exercise conditions. -Original

5. Ondo Finance Acquires Oasis Pro, Obtains SEC Digital Asset Regulatory Qualification

Ondo Finance has completed the acquisition of Oasis Pro and obtained SEC-registered licenses as a digital asset broker-dealer, alternative trading system (ATS), and transfer agent (TA). This acquisition enables Ondo to develop regulated tokenized securities, further expanding digital asset services in the U.S. -Original

6. Vietnam Limits Cryptocurrency Exchange Pilot Licenses to 5

The Deputy Minister of Finance of Vietnam announced at a government press conference that the number of pilot licenses for cryptocurrency exchanges will be limited to 5. Although some companies have begun preparing related systems and engaging in preliminary discussions with government officials, the Ministry of Finance has not yet received any formal applications. Industry experts have criticized the pilot policy, arguing that high capital requirements and regulatory uncertainty may make the policy more favorable to large financial institutions, hindering the innovative development of fintech startups. -Original

7. ARK Invest Invests in Securitize to Promote Asset Tokenization Development

ARK Invest, led by Cathie Wood, has invested $10 million in the tokenization company Securitize through its venture fund. Securitize, which previously received support from BlackRock, focuses on the asset tokenization sector. -Original

8. Bitcoin Whale Address Activated After 12.5 Years of Dormancy

On October 6, Whale Alert reported that a Bitcoin address dormant for 12.5 years was activated, holding 691 BTC, currently valued at approximately $86.4378 million. The asset value of this address was only about $10,480 in 2013. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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