Poseidon secures $15 million led by a16z Crypto to build a decentralized, IP-cleared data pipeline for AI training. Poseidon has secured $15 million in seed funding led by a16z Crypto to build a decentralized data layer designed for artificial intelligence training. The San Francisco-based full-stack AI data layer said it aims to tackle the scarcity of high-quality, IP-cleared training data in AI development, according to a Tuesday announcement shared with Cointelegraph. “LLMs and compute are no longer the bottlenecks; it’s high-quality data that’s missing,” said Sandeep Chinchali, Poseidon’s chief scientist and also chief AI officer at its incubator, Story Protocol. Read more
The Genius Act is a US law aimed at establishing federal oversight for stablecoin issuers, setting rules for reserves, redemption rights, and licensing requirements. The GENIUS Act is a United States federal law that creates a comprehensive regulatory framework for stablecoins. The Guiding and Empowering Nation’s Innovation for US Stablecoins Act, better known as the GENIUS Act, is the United States’ first federal law focused exclusively on payment stablecoins. The White House categorically states it is a historic piece of legislation that will pave the way for the US to lead the global digital asset revolution. Read more
DeFi’s obsession with maximum decentralization sacrifices performance. Minimum viable decentralization offers a pragmatic path to compete with TradFi. Opinion by: Doug Colkitt, a founding contributor at Fogo To adhere to its ethos of decentralization above all else, the crypto industry often forgets its core user: the trader. What exists today is an ecosystem that has prioritized philosophical principles instead of practical use cases — something that has simultaneously barred the most serious traders from participating and driven decentralized finance (DeFi) users to more centralized offerings. If DeFi is set to scale beyond speculation alone — and offer a meaningful alternative to TradFi — then the core focus must be performance. Read more
Gaming tokens lag altcoins, but history hints at big surge. SaruTobi Bitcoin game returns to App Store a decade after 2015 ban. Web3 Gamer. The crypto market is printing green candles across the board, with 80% of altcoins outperforming Bitcoin this month but gaming tokens seem to have missed the memo. While the broader market is soaring alongside Bitcoin and Ethereums recent rally, gaming-related tokens are showing signs of life, but still lagging. According to MMORPG game Calamity co-founder Seva, its a credibility problem. Trust is broken. Too many raised millions, delivered zero, Seva said of blockchain games in a recent X post. Read more