By Shikha Singh
Solana-based DEX Jupiter Acquires SolanaFM
Jupiter acquired blockchain explorer SolanaFM and Cosmos blockchain aggregator Coinhall to strengthen its decentralized exchange platform.
Jupiter’s data infrastructure and 23 blockchain user base will increase with these purchases.
Jupiter Mobile, a fee-free Apple and Google Pay app, and Ape.Pro, a mobile memecoin trading platform, are coming.
Jupiter also launched Metropolis, a liquidity API for developers to streamline token, price, and swap data management.
Solana Unveils it’s First Web3 Gaming Handheld.
Solana Blockchain will release presale information for its first portable Web3 gaming device, the Play Solana Gen1 (PSG1), during the Solana Breakpoint Conference in Singapore on September 20-21.
Player 1 NFT holders, who have sold out, will get priority access, presale discounts, and other incentives.
This follows earlier Solana gadget debuts, notably the Saga phone, which tech writer Marques Brownlee called the “Worst New Phone of 2023”.
Crypto.com Gets Bahrain License, Amber Group Approved in Dubai.
A Central Bank of Bahrain payment service provider (PSP) license allows Crypto.com to provide e-money and fiat-based payment services, including prepaid cards, throughout the area.
This expands Crypto.com’s worldwide regulatory approvals. In addition, Amber Group’s Dubai subsidiary, Amber Premium FZE, has received in-principal clearance from the Dubai Virtual Assets Regulatory Authority (VARA) to provide virtual asset services in accordance with UAE rules.
Supreme Court To Implement AI Tool.
Delhi High Court Acting Chief Justice Manmohan introduced “AI Saransh,” NIC’s AI tool to summarize court filings.
At the IBA International Conference, he presented India’s implementation of digital case management and AI court efficiency solutions.
He emphasized India’s judicial justice to boost investor trust.
Alibaba Launches Over 100 New Open-Source AI Models.
Alibaba has published over 100 open-source AI models and improved its proprietary technologies to compete with Baidu, Huawei, Microsoft, and OpenAI.
The startup has released a text-to-video tool like OpenAI’s Sora that generates videos from prompts. These measures boost Alibaba’s AI market position.
Tether’s Transparency And Business Structure Raises $118 bn FTX-like concerns.
Tether, the biggest stablecoin (USDT), lacks third-party audits, increasing worries of a liquidity crisis like FTX.
After a CFTC penalty for false reserve declarations, Cyber Capital’s Justin Bons highlights Tether’s unconfirmed claim of holding $118 billion in collateral.
With Tether’s market dominance at 75%, analysts say its financial links pose problems, not market swings. With just two board members, Tether’s governance raises concerns regarding transparency and formal audits to generate confidence in its reserves.
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