U.S. Senator Cynthia Lummis, along with several Senate Republicans, has called on financial regulators to eliminate the Basel Committee's 1250% punitive risk weight on digital assets. According to Odaily, the senators are advocating for the establishment of a new capital framework to enable banks to participate in the crypto asset market.

Robinhood has announced the addition of three new tokens to its trading platform: Basic Attention Token (BAT), Flare (FLR), and Starknet (STRK). According to PANews, these tokens are now available for trading to users in compliant regions, including New York State.

A 140-year-old silver mine has recently gone public, highlighting the current fervor in the IPO market. Wall Street Journal (Markets) posted on X that the mine's decision to enter the public market underscores the heightened activity and investor interest in initial public offerings. This move comes as companies across various sectors are capitalizing on favorable market conditions to raise capital and expand their operations. The silver mine, with its rich history and longstanding operations, represents a unique addition to the list of companies seeking public investment. The IPO market has seen a resurgence, driven by factors such as economic recovery and investor optimism, which have encouraged both new and established entities to go public. Industry experts note that the silver mine's public offering is indicative of broader trends in the market, where traditional industries are finding new opportunities for growth and investment. As the IPO market continues to heat up, more companies are expected to follow suit, leveraging the current momentum to secure funding and enhance their market presence. This development is part of a larger narrative of increased activity in the financial markets, where investors are keenly watching for opportunities in both emerging and established sectors. The silver mine's IPO is a testament to the dynamic nature of the market and the diverse range of companies that are participating in this wave of public offerings.

According to NS3.AI, the Gangwon Provincial Police Agency is currently investigating users of Polymarket on suspicion of gambling activities. The agency is actively tracking the cryptocurrency transaction histories of these users and issuing summonses accordingly. However, it remains unclear whether the use of Polymarket constitutes a gambling offense under South Korean criminal law, as prosecutors or courts have not yet made a ruling on the matter.

A previously inactive cryptocurrency wallet has made a significant transaction after three years of dormancy. According to BlockBeats On-chain Detection, the wallet, identified as 0x293a, received 10,000 ETH just an hour ago. The ETH was subsequently sold at an average price of $1,772, resulting in a total of 17.72 million USDC.

Lorenzo Valente, ARK Invest's Director of Digital Asset Research, shared insights on the X platform regarding the current state of the cryptocurrency sector. According to Odaily, Valente described the market as having a 'graveyard' of overlooked quality protocols, with token prices having fallen 70%, 80%, or even 90% from their historical highs. Despite this, these protocols continue to generate fees, grow, and lead in their respective fields, though they lack attention. Valente provided examples of such protocols: - Aave, with a price-to-earnings ratio of just 9. - Solana, with a price-to-earnings ratio of 12 and $6 billion in free cash flow. - Ethereum, with a price-to-earnings ratio of 17, yet considered an 'outdated asset.' - Uniswap, with an EBITDA multiple of 8 and a chain influence covering approximately 2 billion users. - Avalanche (AVAX), trading below its own treasury liquidation value. Valente noted that many of these protocols were favored by venture capitalists in 2021 but have now become market orphans. He suggested that instead of chasing current market hypes like Hype and Near, there is more opportunity in finding value among assets that have fallen into the 'ruins zone.' He emphasized, 'You won't get rich by buying popular assets; you'll profit by investing in those temporarily out of favor but still fundamentally sound.'

KGeN, a distributed verification protocol, plans to burn 22 million tokens, representing 10% of its circulating supply. According to Foresight News, these tokens originate from unclaimed airdrops and unsold node allocation tokens. Additionally, KGeN intends to use profits from each new AI contract to repurchase and burn KGEN tokens, establishing a continuous deflationary mechanism. The company has committed to conducting independent audits of its revenue and providing on-chain public verification, allowing token holders to transparently track the connection between actual business growth and token value.

With regulations tightening, where will the 200 billion yuan in cross-border investment demand go? Golden Finance reports that the strong demand for cross-border investment has already had a ripple effect on related investment products.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

"As junk coins are gradually phased out, protocols, infrastructure, and financial products that can truly create value will have the opportunity to obtain more reasonable valuations."

Bitcoin is facing not just a price adjustment, but also a test of liquidity and market confidence.

Cryptocurrency trading has always been a sensitive factor in Bitcoin's price, but that situation is coming to an end.

With AI entering the infrastructure construction phase, these companies, which were once considered to have low growth rates, are now experiencing a resurgence.

SVB, chatGPT, trading 30 years of early death for a trillion-dollar valuation: Silicon Valley is starting to reward those who don't value their lives again. Golden Finance: Silicon Valley has been debating a question lately: how much is a life worth?

Artificial Intelligence, AIGC, and Tokens Must Die? Jinse Finance: Can the Large Language Model Paradigm Lead to AGI (Artificial General Intelligence)?

Artificial intelligence is rapidly lowering the barriers to cybercrime, allowing attackers with limited technical expertise to carry out operations that once required highly skilled hackers, claims Anthropic.

xAI's setbacks remind us that the scarcest thing in the AI ​​era is not just hardware.