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In response to a tweet from Helius CEO about the upcoming next round of the crypto cycle, Solana co-founder Toly stated that cheaper, faster, and lower-risk financial methods will ultimately surpass all alternatives. He emphasized the importance of immutable, formally verified software. The admin keys contain on-chain immutable policies, such as time locks. All truly interesting matters in finance, including those involving criminals, encompass extremely broad aspects. Therefore, any complex issues cannot be separated from admin privileges.

[Solana Co-founder Toly: Cheaper, Faster, and Lower-Risk Blockchain Finance Will Prevail]In response to a tweet from Helius CEO about the upcoming next round of the crypto cycle, Solana co-founder Toly stated that cheaper, faster, and lower-risk financial methods will ultimately surpass all alternatives. He emphasized the importance of immutable, formally verified software. The admin keys contain on-chain immutable policies, such as time locks. All truly interesting matters in finance, including those involving criminals, encompass extremely broad aspects. Therefore, any complex issues cannot be separated from admin privileges.

Solana Co-founder Toly: Cheaper, Faster, and Lower-Risk Blockchain Finance Will Prevail

On April 5, economists indicated that the sudden rise in gasoline prices, which consumers in the U.S. are experiencing firsthand, will be reflected in the key inflation data to be released this week. The U.S. March CPI is expected to rise by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may increase by 0.3% month-on-month. Previously, the war in Iran drove gasoline prices at U.S. stations up by about $1 per gallon. A day before the CPI data is released, the Fed's preferred inflation indicator will provide insights into pre-war price pressures. Economists anticipate that the core PCE price index may rise by 0.4% for the third consecutive month in February, indicating that the process of inflation returning to more moderate levels has stalled even before the outbreak of conflict. Combined with signs of stabilization in the U.S. labor market, persistent price pressures, and new inflation risks stemming from the Middle East conflict, this helps explain why the Fed may find it difficult to lower interest rates this year. (Jinshi)

[Economists: U.S. March CPI May Surge 1%, Fed Likely to Struggle with Rate Cuts This Year]On April 5, economists indicated that the sudden rise in gasoline prices, which consumers in the U.S. are experiencing firsthand, will be reflected in the key inflation data to be released this week. The U.S. March CPI is expected to rise by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may increase by 0.3% month-on-month. Previously, the war in Iran drove gasoline prices at U.S. stations up by about $1 per gallon. A day before the CPI data is released, the Fed's preferred inflation indicator will provide insights into pre-war price pressures. Economists anticipate that the core PCE price index may rise by 0.4% for the third consecutive month in February, indicating that the process of inflation returning to more moderate levels has stalled even before the outbreak of conflict. Combined with signs of stabilization in the U.S. labor market, persistent price pressures, and new inflation risks stemming from the Middle East conflict, this helps explain why the Fed may find it difficult to lower interest rates this year. (Jinshi)

Economists: U.S. March CPI May Surge 1%, Fed Likely to Struggle with Rate Cuts This Year

On April 5, according to Alternative data, the cryptocurrency Fear and Greed Index today stands at 12 (up from 11 yesterday), indicating a slight easing of 'fear' in the market. Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media activity (15%) + market surveys (15%) + Bitcoin's dominance in the market (10%) + Google Trends analysis (10%).

[Crypto Fear Index Rises to 12, Market 'Fear' Slightly Eases]On April 5, according to Alternative data, the cryptocurrency Fear and Greed Index today stands at 12 (up from 11 yesterday), indicating a slight easing of 'fear' in the market. Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media activity (15%) + market surveys (15%) + Bitcoin's dominance in the market (10%) + Google Trends analysis (10%).

Crypto Fear Index Rises to 12, Market 'Fear' Slightly Eases

On April 5, it was reported that the second pilot from the recently downed US F-15E fighter jet has been sent to Kuwait for treatment. During the rescue operation, the US military destroyed two transport planes that were 'stranded' while carrying out the mission. The pilot had evaded Iranian search efforts in mountainous terrain for over 24 hours, armed only with a handgun. Hundreds of special operations personnel were mobilized for the rescue, which involved exchanges of fire with Iranian forces. Reports indicate that two US transport planes became stranded while attempting to rescue the pilot, prompting the US to deploy three new aircraft to continue the mission and subsequently destroy the malfunctioning transport planes. Additionally, on the same day, the Iranian Islamic Revolutionary Guard Corps reported that a US aircraft searching for the missing pilot was shot down in Isfahan province. Iranian sources also claimed that a US C-130 transport plane was shot down on April 5.

[US Pilot Rescued and Sent to Kuwait]On April 5, it was reported that the second pilot from the recently downed US F-15E fighter jet has been sent to Kuwait for treatment. During the rescue operation, the US military destroyed two transport planes that were 'stranded' while carrying out the mission. The pilot had evaded Iranian search efforts in mountainous terrain for over 24 hours, armed only with a handgun. Hundreds of special operations personnel were mobilized for the rescue, which involved exchanges of fire with Iranian forces. Reports indicate that two US transport planes became stranded while attempting to rescue the pilot, prompting the US to deploy three new aircraft to continue the mission and subsequently destroy the malfunctioning transport planes. Additionally, on the same day, the Iranian Islamic Revolutionary Guard Corps reported that a US aircraft searching for the missing pilot was shot down in Isfahan province. Iranian sources also claimed that a US C-130 transport plane was shot down on April 5.

US Pilot Rescued and Sent to Kuwait

On April 5, the New York Times reported that the second pilot from the recently downed US F-15E fighter jet has been sent to Kuwait for treatment. During the rescue operation, the US military destroyed two stranded transport aircraft involved in the mission. The pilot had evaded Iranian search efforts for over 24 hours in mountainous terrain, armed only with a handgun. Hundreds of special operations personnel were deployed for the rescue, during which there was an exchange of fire with Iranian forces.

[US Pilot Rescued and Sent to Kuwait]On April 5, the New York Times reported that the second pilot from the recently downed US F-15E fighter jet has been sent to Kuwait for treatment. During the rescue operation, the US military destroyed two stranded transport aircraft involved in the mission. The pilot had evaded Iranian search efforts for over 24 hours in mountainous terrain, armed only with a handgun. Hundreds of special operations personnel were deployed for the rescue, during which there was an exchange of fire with Iranian forces.

On April 5, Standard Chartered stated that its assets have reached $1 trillion, noting that 'geopolitical crises are driving the practical use of Bitcoin.' 'When difficult times arise, people turn to digital assets for payments.'

[Standard Chartered: Geopolitical Crises are Driving the Practical Use of Bitcoin]On April 5, Standard Chartered stated that its assets have reached $1 trillion, noting that 'geopolitical crises are driving the practical use of Bitcoin.' 'When difficult times arise, people turn to digital assets for payments.'

Standard Chartered: Geopolitical Crises are Driving the Practical Use of Bitcoin

On April 5, according to @exvulsec monitoring, a reserve manipulation attack occurred on the TMM/USDT trading pair on the BSC chain, resulting in a loss of approximately 1.665 million USDT. The attacker exploited flash loans from Lista DAO Moolah, Venus, Aave V3, Pancake SwapVault, and Uniswap PoolManager to manipulate the TMM/USDT trading pair. The attacker burned TMM to a black hole address, reducing the trading pair's reserve to 1 TMM, and then exchanged 850 million TMM for approximately 272 million USDT. After repaying all flash loans, the attacker transferred approximately 1.665 million USDT in profits to related addresses.

[TMM Trading Pair Suffers Flash Loan Attack, Hacker Profits Over 1.66 Million USDT]On April 5, according to @exvulsec monitoring, a reserve manipulation attack occurred on the TMM/USDT trading pair on the BSC chain, resulting in a loss of approximately 1.665 million USDT. The attacker exploited flash loans from Lista DAO Moolah, Venus, Aave V3, Pancake SwapVault, and Uniswap PoolManager to manipulate the TMM/USDT trading pair. The attacker burned TMM to a black hole address, reducing the trading pair's reserve to 1 TMM, and then exchanged 850 million TMM for approximately 272 million USDT. After repaying all flash loans, the attacker transferred approximately 1.665 million USDT in profits to related addresses.

TMM Trading Pair Suffers Flash Loan Attack, Hacker Profits Over 1.66 Million USDT

On April 5, Bloomberg reported that Indian AI startup Sarvam AI is nearing the completion of a funding round between $300 million and $350 million, aimed at building a local artificial intelligence company to compete with industry leaders. According to insiders, the company's valuation for this round is approximately $1.5 billion to $1.55 billion, with completion expected as early as next week. Bessemer Venture Partners is likely to lead the investment, with participation from Nvidia, Amazon, and Prosperity7 Ventures. Due to the confidential nature of the discussions, these individuals requested anonymity. Sarvam AI was founded in 2023 by AI researchers Vivek Raghavan and Pratyush Kumar. The company's model primarily operates through voice commands and supports 22 Indian languages. They believe this will create a significant competitive advantage in India, which has a population of 1.45 billion, as the vast majority of people are unable to read, write, or input in English. Their goal is to challenge companies like OpenAI and Alphabet Inc., whose models often perform poorly when handling Indian languages.

[Indian AI Startup Sarvam AI Nears $300-$350 Million Funding Round]On April 5, Bloomberg reported that Indian AI startup Sarvam AI is nearing the completion of a funding round between $300 million and $350 million, aimed at building a local artificial intelligence company to compete with industry leaders. According to insiders, the company's valuation for this round is approximately $1.5 billion to $1.55 billion, with completion expected as early as next week. Bessemer Venture Partners is likely to lead the investment, with participation from Nvidia, Amazon, and Prosperity7 Ventures. Due to the confidential nature of the discussions, these individuals requested anonymity. Sarvam AI was founded in 2023 by AI researchers Vivek Raghavan and Pratyush Kumar. The company's model primarily operates through voice commands and supports 22 Indian languages. They believe this will create a significant competitive advantage in India, which has a population of 1.45 billion, as the vast majority of people are unable to read, write, or input in English. Their goal is to challenge companies like OpenAI and Alphabet Inc., whose models often perform poorly when handling Indian languages.

Indian AI Startup Sarvam AI Nears $300-$350 Million Funding Round

Nikita Bier, the head of the X product, stated that there is no technology in the world that can completely solve the spam reply issue in cryptocurrency accounts, as 80% of transactions in these accounts are operated by bots. The only solution is to implement a second reply limit.

[X Product Head: The Only Solution to Spam Replies in Crypto Accounts is Second Reply Limit]Nikita Bier, the head of the X product, stated that there is no technology in the world that can completely solve the spam reply issue in cryptocurrency accounts, as 80% of transactions in these accounts are operated by bots. The only solution is to implement a second reply limit.

X Product Head: The Only Solution to Spam Replies in Crypto Accounts is Second Reply Limit

Russian IT companies may be allowed to make payments in cryptocurrency when exporting IT solutions. Such a proposal is contained in the road map of supporting measures for software exports in the country, prepared by Russoft, an association of Russian software developers. The document was sent to the Ministry of Finance, Vedomosti got acquainted with a copy of it, its authenticity was confirmed by a representative of "Russoft".

To mitigate the restrictions "with the payment for transactions with foreign customers and reduce the costs of such payments" it is necessary to work out the use of "alternative payment solutions", including the introduction of experimental legislation regimes, the document says. Another measure that could support the IT exports aims to "lift currency control for the IT-companies".

Lev Matveev, member of the Board of Russoft, said in a comment to the publication that the "alternative payment solutions" would include settlements in a cryptocurrency. At the same time Matveev assures that currency control is irrelevant in this situation.

"IT is different from other industries – for example, most products do not cross the border physically and do not have the commodity nomenclature of foreign economic activity codes. Therefore, for our industry, it is possible to abolish currency control," he added.

Detail

【Russian software exporters may switch to using crypto to make payments】Russian IT companies may be allowed to make payments in cryptocurrency when exporting IT solutions. Such a proposal is contained in the road map of supporting measures for software exports in the country, prepared by Russoft, an association of Russian software developers. The document was sent to the Ministry of Finance, Vedomosti got acquainted with a copy of it, its authenticity was confirmed by a representative of "Russoft".

To mitigate the restrictions "with the payment for transactions with foreign customers and reduce the costs of such payments" it is necessary to work out the use of "alternative payment solutions", including the introduction of experimental legislation regimes, the document says. Another measure that could support the IT exports aims to "lift currency control for the IT-companies".

Lev Matveev, member of the Board of Russoft, said in a comment to the publication that the "alternative payment solutions" would include settlements in a cryptocurrency. At the same time Matveev assures that currency control is irrelevant in this situation.

"IT is different from other industries – for example, most products do not cross the border physically and do not have the commodity nomenclature of foreign economic activity codes. Therefore, for our industry, it is possible to abolish currency control," he added.

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Russian software exporters may switch to using crypto to make payments

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