MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards. Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first proposal, which would see Stripe’s stablecoin payment processor, Bridge, issue USDH. Native Market’s proposal promised to contribute “a meaningful share of its reserve proceeds” to Hyperliquid’s Assistance Fund treasury, mint directly on the ecosystem and be regulatory compliant. Still, Agora co-founder and CEO Nick Van Eck submitted an alternative proposal, arguing against the Stripe-linked alternative: Read more
Chief Justice of Pakistan Yahya Afridi on Monday said the Supreme Court had plans to use artificial intelligence to categorise cases for fixation but the judiciary was “not ready” for the technology yet. He was addressing a judicial conference at the apex court, marking the commencement of the new judicial year. “We all talk about technology, we all talk about AI to be utilised for enhancing the justice delivery system,” Justice Afridi said, adding that 61,000 files will be digitally screened under a project that will be completed within six months. “It is only when you have them digitally scanned that you can utilise the tools of AI for categorisation. It will be easy to categorise cases and to fix before one bench one issue,” he said. The chief justice emphasised, “Yes, technology is necessary. Yes, AI has to be utilised. But no, not now. We are not ready for it. We have to prepare ourselves for that.” Justices Mansoor Ali Shah, Munib Akhtar, Aminuddin Khan, Jamal Khan Mandokhail, Muhammad Ali Mazhar, Ayesh...