Solana-based DeFi platform Drift warns users about an “active attack” on its protocol; Arkham data said over $250M had moved from Drift to an interim wallet — The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan — The most advanced silicon chips have accelerated the development of artificial intelligence. Now, can AI return the favor?
Sources: the FBI has declared a recent China-linked hack of a system, which contained pen register and trap and trace surveillance returns, a “major incident” — The determination suggests the hackers successfully compromised swathes of sensitive data stored directly on FBI systems …
Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors — Money manager's crypto investment unit will offer strategies designed for institutional investors
OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B — OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion.
PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding — PrismML says its 1-bit large language model achieves radical compression without sacrificing performance, lowering energy consumption
Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June — Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market …