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According to monitoring by Beating and reported by TechCrunch, NVIDIA has added another piece to its AI puzzle with its corporate venture capital arm NVentures investing in Legora, marking its first investment in the legal AI sector. Legora, a legal tech startup originating from Sweden, utilizes AI to enhance lawyers' work efficiency and competes with the American company Harvey. With participation from Atlassian and other new investors, NVentures has joined Legora's shareholder structure, contributing to its $50 million Series D extension funding. This funding round comes just a month after the company completed a $550 million Series D funding round. During this period, Legora, which was part of Y Combinator, has seen its annual recurring revenue (ARR) surpass $100 million, a milestone that has pushed its latest valuation to $5.6 billion (post-financing valuation). This valuation brings Legora closer to Harvey's level, which reached a valuation of $11 billion last month. Additionally, Andreessen Horowitz, Coatue Management, Conviction Partners, Elad Gil, Evantic under Matt Miller, and Kleiner Perkins also participated in this funding round.

[NVIDIA's NVentures Invests in AI Platform Legora's Series D Extension Funding]According to monitoring by Beating and reported by TechCrunch, NVIDIA has added another piece to its AI puzzle with its corporate venture capital arm NVentures investing in Legora, marking its first investment in the legal AI sector. Legora, a legal tech startup originating from Sweden, utilizes AI to enhance lawyers' work efficiency and competes with the American company Harvey. With participation from Atlassian and other new investors, NVentures has joined Legora's shareholder structure, contributing to its $50 million Series D extension funding. This funding round comes just a month after the company completed a $550 million Series D funding round. During this period, Legora, which was part of Y Combinator, has seen its annual recurring revenue (ARR) surpass $100 million, a milestone that has pushed its latest valuation to $5.6 billion (post-financing valuation). This valuation brings Legora closer to Harvey's level, which reached a valuation of $11 billion last month. Additionally, Andreessen Horowitz, Coatue Management, Conviction Partners, Elad Gil, Evantic under Matt Miller, and Kleiner Perkins also participated in this funding round.

NVIDIA's NVentures Invests in AI Platform Legora's Series D Extension Funding

On May 3, on-chain analyst @alicharts reported that whale addresses have significantly increased their holdings, accumulating over 140,000 ETH worth approximately $322 million in the past 96 hours.

[Data: Whale Addresses Accumulate Over 140,000 ETH Worth Approximately $322 Million in the Past 96 Hours]On May 3, on-chain analyst @alicharts reported that whale addresses have significantly increased their holdings, accumulating over 140,000 ETH worth approximately $322 million in the past 96 hours.

Data: Whale Addresses Accumulate Over 140,000 ETH Worth Approximately $322 Million in the Past 96 Hours

On May 3, BlackRock submitted a letter to the Office of the Comptroller of the Currency (OCC) opposing several proposed reserve asset restrictions outlined in the draft rules for the implementation of the GENIUS Act. This 17-page response was submitted on the last day of the OCC's 60-day comment period, which began on March 2 when the draft was published in the Federal Register. The regulatory agency posed over 200 questions covering various aspects such as reserve composition, capital requirements, custody, and yield bans. BlackRock's comments primarily focused on the rules related to 'Permitted Payment Stablecoin Issuers' (PPSI), which are federally chartered entities authorized to issue stablecoins following legislation signed by Trump last July. The core demand is that BlackRock urges the OCC not to impose a quantitative limit on tokenized reserve assets. Previously, the regulator suggested a possible 20% cap. BlackRock argues that such restrictions are 'irrelevant' to the OCC's regulatory objectives and points out that the risk level depends on the credit quality, duration, and liquidity of the assets, 'rather than whether the asset is held or transferred in a distributed ledger format.' This stance is also closely related to BlackRock's positioning in the tokenization space. Its BUIDL fund is one of the largest tokenized U.S. Treasury products, with an asset size nearing $2.6 billion, and it provides over 90% of the reserve backing for Ethena's USDtb and Solana-based Jupiter's JupUSD. Meanwhile, Circle's USYC currently leads the industry with approximately $2.9 billion in assets under management.

[BlackRock Urges OCC to Abandon Proposed Limits on Tokenized Reserve Assets]On May 3, BlackRock submitted a letter to the Office of the Comptroller of the Currency (OCC) opposing several proposed reserve asset restrictions outlined in the draft rules for the implementation of the GENIUS Act. This 17-page response was submitted on the last day of the OCC's 60-day comment period, which began on March 2 when the draft was published in the Federal Register. The regulatory agency posed over 200 questions covering various aspects such as reserve composition, capital requirements, custody, and yield bans. BlackRock's comments primarily focused on the rules related to 'Permitted Payment Stablecoin Issuers' (PPSI), which are federally chartered entities authorized to issue stablecoins following legislation signed by Trump last July. The core demand is that BlackRock urges the OCC not to impose a quantitative limit on tokenized reserve assets. Previously, the regulator suggested a possible 20% cap. BlackRock argues that such restrictions are 'irrelevant' to the OCC's regulatory objectives and points out that the risk level depends on the credit quality, duration, and liquidity of the assets, 'rather than whether the asset is held or transferred in a distributed ledger format.' This stance is also closely related to BlackRock's positioning in the tokenization space. Its BUIDL fund is one of the largest tokenized U.S. Treasury products, with an asset size nearing $2.6 billion, and it provides over 90% of the reserve backing for Ethena's USDtb and Solana-based Jupiter's JupUSD. Meanwhile, Circle's USYC currently leads the industry with approximately $2.9 billion in assets under management.

BlackRock Urges OCC to Abandon Proposed Limits on Tokenized Reserve Assets

On May 3, local time, the chairman of the Iranian Parliament's Civil Affairs Committee stated that according to the Parliament's plan for managing the Strait of Hormuz, all traffic in the Strait must obtain permission from Iran, and any goods belonging to Israel are prohibited from passing under any circumstances. Hostile countries engaged in conflict with Iran are not allowed to transit the Strait of Hormuz until compensation for damages is provided. (CCTV News)

[Iran States All Traffic in Strait of Hormuz Requires Iranian Permission]On May 3, local time, the chairman of the Iranian Parliament's Civil Affairs Committee stated that according to the Parliament's plan for managing the Strait of Hormuz, all traffic in the Strait must obtain permission from Iran, and any goods belonging to Israel are prohibited from passing under any circumstances. Hostile countries engaged in conflict with Iran are not allowed to transit the Strait of Hormuz until compensation for damages is provided. (CCTV News)

Iran States All Traffic in Strait of Hormuz Requires Iranian Permission

OBOL fluctuated by 54.96% within 24 hours, current price $0.0176

【OBOL fluctuated over 50% in 24 hours!】OBOL fluctuated by 54.96% within 24 hours, current price $0.0176

OBOL fluctuated over 50% in 24 hours!

On May 3, the Deputy Director of the Iranian Trade Promotion Organization stated that Iran is exploring over 8 alternative trade routes to bypass maritime threats in the south. (CCTV News)

[Iran Official: Iran is Exploring Over 8 Alternative Trade Routes]On May 3, the Deputy Director of the Iranian Trade Promotion Organization stated that Iran is exploring over 8 alternative trade routes to bypass maritime threats in the south. (CCTV News)

Iran Official: Iran is Exploring Over 8 Alternative Trade Routes

On May 3, Business Insider reported that BONK, in collaboration with the Solana blockchain, is supporting the seamless integration of New York's Lower East Side Cycol Gallery with blockchain technology. This initiative is pioneering the implementation of on-chain authenticity certificates and provenance proofs for physical artworks. Currently, through the Exchange Art platform, collectors can purchase physical artworks while simultaneously receiving a permanently verifiable blockchain record. This approach preserves the traditional creative practices of artists while leveraging initiatives like the BONK Art Masters micro-fund, driven by the BONK community, to provide direct support for artists and exhibitions. BONK is fully committed to facilitating the Cycol Gallery's solo exhibition of Frank Ape titled 'Let’s Be Frank,' which explores themes of home and community through multimedia works, marking a significant force in the new era of crypto art. BONK is revitalizing physical art by bringing it on-chain, collectively driving a transformation in art culture.

[BONK Facilitates On-Chain Integration of Physical Artworks at New York's Cycol Gallery, Driving Cultural Transformation in Art]On May 3, Business Insider reported that BONK, in collaboration with the Solana blockchain, is supporting the seamless integration of New York's Lower East Side Cycol Gallery with blockchain technology. This initiative is pioneering the implementation of on-chain authenticity certificates and provenance proofs for physical artworks. Currently, through the Exchange Art platform, collectors can purchase physical artworks while simultaneously receiving a permanently verifiable blockchain record. This approach preserves the traditional creative practices of artists while leveraging initiatives like the BONK Art Masters micro-fund, driven by the BONK community, to provide direct support for artists and exhibitions. BONK is fully committed to facilitating the Cycol Gallery's solo exhibition of Frank Ape titled 'Let’s Be Frank,' which explores themes of home and community through multimedia works, marking a significant force in the new era of crypto art. BONK is revitalizing physical art by bringing it on-chain, collectively driving a transformation in art culture.

BONK Facilitates On-Chain Integration of Physical Artworks at New York's Cycol Gallery, Driving Cultural Transformation in Art

BABY fluctuated by 54.53% within 24 hours, current price $0.025664

【BABY fluctuated over 50% in 24 hours!】BABY fluctuated by 54.53% within 24 hours, current price $0.025664

BABY fluctuated over 50% in 24 hours!

Bitcoin Fear and Greed Index is 47. Neutral.
Current Price: $78236.93.

[Bitcoin Fear and Greed Index is 47]Bitcoin Fear and Greed Index is 47. Neutral.
Current Price: $78236.93.

Bitcoin Fear and Greed Index is 47

Аналитики американской инвестиционной компании ARK Invest заявили, что капитализация биткоина, которая сейчас составляет около $1,5 трлн, может вырасти к 2030 году до $16 трлн.

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