On April 9, Meta Platforms Inc. unveiled its latest artificial intelligence (AI) model on Wednesday — the first model launched since CEO Mark Zuckerberg restructured the company's AI division with a multi-billion dollar investment to keep pace with competitors. This highly anticipated model, named Muse Spark, was developed by the Meta Superintelligence Labs (MSL), a new team led by Chief AI Officer Alexandr Wang, which brings together high-paid AI researchers. Muse Spark will support Meta's AI chatbot and marks a departure from the company's previous open-source strategy, adopting a closed-source model where its design and code will not be made public.
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Meta Unveils First AI Model from New Superintelligence Team, Shifts to Closed Source
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BTC Falls Below $75,000
Market data shows that BTC has fallen below $75,000, currently priced at $74,966.94, with a 24-hour decline of 1.58%. The market is experiencing significant volatility, so please ensure proper risk management. -
Federal Reserve Keeps Benchmark Interest Rate Steady at 3.5%-3.75%, Meeting Market Expectations
On April 30, the Federal Reserve maintained the benchmark interest rate range at 3.5%-3.75%, in line with market expectations. This level has been sustained since the last rate cut in December 2025. -
BTC Falls Below $76,000
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Walsh's Fed Nomination Receives Sufficient Votes to Advance Review Process
The U.S. Senate voted on the nomination of Walsh for Federal Reserve Chair. The Senate Banking Committee voted to advance Walsh's nomination to the full Senate. -
Squads Secures $18 Million Strategic Financing Led by Solana Ventures
Squads, a multi-signature protocol in the Solana ecosystem, has announced the completion of $18 million in strategic financing, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others, bringing the total funding to $42.9 million. This round of financing was completed in December of last year and was only recently made public. Squads' stablecoin payment platform, Altitude, allows businesses to conduct 24/7 global payment settlements in stablecoins through self-custody wallets, integrating into the global payment network with compliance and risk control systems. -
MoonPay Acquires Crypto Security Startup Sodot for $100 Million in All-Stock Deal
MoonPay has announced the acquisition of Israeli crypto security startup Sodot for $100 million in an all-stock transaction. Following the completion of this acquisition, Sodot will be integrated into MoonPay's newly established Institutional division. MoonPay Institutional is expected to provide a range of cryptocurrency and blockchain services to large traditional financial institutions, including trading, tokenized securities, payments, wallet management, and stablecoin issuance. -
Belo Completes $14 Million Series A Financing Led by Tether
On April 29, Latin American digital wallet Belo completed a $14 million Series A financing round, led by stablecoin issuer Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. The company plans to use this funding to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while deepening its business presence in Brazil, focusing on serving freelancers and remote workers engaged in cross-border payments. The goal is to reduce the costs and friction associated with cross-border payments and foreign exchange through stablecoin infrastructure. -
BTC Falls Below $77,000
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Cyberspace Administration: Rapid Development of AI is Profoundly Changing Content Production
On April 29, according to The Paper, the State Council Information Office held a press conference. At the meeting, Niu Yibing, Deputy Director of the Cyberspace Administration of China (CAC), stated that the rapid development of new artificial intelligence technologies is profoundly changing content production, dissemination methods, and interaction forms in cyberspace, while also presenting new era challenges for the construction of online civilization. Niu pointed out that the development of artificial intelligence provides new technical support and pathways for producing high-quality content, innovating online communication, and cultivating a civilized atmosphere. However, it also brings a series of new issues, situations, and challenges, such as the identification of false information, personal information protection, and ethical safety in AI applications, which need to be addressed with strengthened regulation and effective responses while promoting development. Since the beginning of this year, the CAC has focused on new technologies and applications of artificial intelligence, continuously enhancing institutional supply, and in collaboration with relevant departments, has issued the 'Interim Measures for the Management of Humanized Interactive Services of Artificial Intelligence' and publicly solicited opinions from society regarding the management measures for digital virtual human information services. -
U.S. Senate to Vote Today on Confirmation of First Bitcoin-Supporting Federal Reserve Chair
On April 29, the U.S. Senate will vote today to confirm the first Federal Reserve Chair who supports Bitcoin. This position oversees the world's largest central bank and is involved in the cryptocurrency sector. (The Bitcoin Historian)
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