NEAR Treasury Firm Buys the Data Behind 3.5B Requests

SVRN has bought FastNEAR, bringing the NEAR treasury company closer to the data services wallets, apps and developers rely on.

• SVRN has acquired FastNEAR, a provider of essential data services for the NEAR blockchain ecosystem, including RPC and archival data.
• The acquisition aims to strengthen SVRN's position in the NEAR ecosystem, complementing its existing treasury holdings and involvement in staking and governance.
• While the deal increases SVRN's dependence on NEAR, its success hinges on FastNEAR retaining customers, ensuring service reliability, and expanding with the network's developer base.

Topics: Infrastructure providers, Blockchain usage, Scalability, Tokenization platforms, Ethereum evm l 1 s, Growth metrics

Tags: #svrn #fastnear #nearprotocol #blockchaindata #rpc #developerinfrastructure #treasury #digitalassets #acquisition #ecosystem

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Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: Hodler’s Digest

Jay Clayton prosecuted Roman Storm and XRP — now he’s President Trump’s new AI Czar. Peter Brandt says the Bitcoin bull market has “very good chance of reaching half a million.”

• Jay Clayton, former SEC head, appointed as AI Czar, while Peter Brandt predicts Bitcoin could reach $600K this cycle.
• NEAR Protocol's SHIELD AI system successfully blocked funds from an exploit, though the intervention sparked debate on decentralization.
• The article highlights significant crypto hacks in September, the shutdown of the Blast L2 network due to costs, and Arthur Hayes's view on inevitable money printing driven by AI and debt crises.

Topics: Institutional adoption, Legal regulatory, Blockchain usage, Yield performance, Risk default, Asset manager initiatives, Securities law classification, Ethereum evm l 1 s, Treasury bond yields, Smart contract vulnerabilities

Tags: #jayclayton #bitcoin #aiczar #nearprotocol #arthurhayes #blast #ethereum #peterbrandt #cryptohacks #tether

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Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

A $3.8 million exploit hit one of NEAR’s busiest applications days after Bitwise's NRR ETF launched, sending the token down 10%.

• A $3.8 million exploit on NEAR Intents occurred shortly after the launch of Bitwise's NEAR ETF (NRR), causing the NEAR token to drop 10%.
• The incident tests investor conviction by exposing new ETF investors to ecosystem-level risks, despite the ETF holding NEAR directly and not assets within NEAR Intents.
• The exploit, which affected a high-volume application processing over $4 billion monthly, highlights the increasing sophistication of cyber attacks and the need for enhanced security measures in the crypto space.

Topics: Infrastructure providers, Scalability, Blockchain usage, Tokenization platforms, Growth metrics, Ethereum evm l 1 s

Tags: #nearprotocol #nearintents #bitwiseetf #nrretf #exploit #securityincident #institutionaldemand #ecosystemrisk #tokenprice #usdc

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Bitwise Launches First US Spot Near ETF After Token Nearly Triples Since August

Bitwise's NRR began trading on NYSE Arca Tuesday, giving brokerage accounts NEAR exposure and staking rewards as the AI-focused token soars.

• Bitwise has launched the first US spot Near ETF (NRR) on NYSE Arca, allowing investors to gain exposure to the AI-focused Near blockchain token through traditional brokerage accounts.
• The ETF charges a 0.75% annual fee and holds actual Near tokens, offering staking rewards of approximately 5% which accrue to shareholders, though risks like slashing and potential loss of capital are disclosed.
• The launch coincides with Near's recent price surge, driven by its AI focus and upgrades, despite still being significantly down from its all-time high.

Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Tokenization platforms, Institutional capital inflows

Tags: #bitwise #nearprotocol #nearetf #ai #staking #blockchain #layer1 #etf #nysearca #crypto

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Crypto market’s weekly winners and losers – ARB, NEAR, STABLE, PI

Akedo [AKE], Arbitrum [ARB], Near Protocol [NEAR] led the gains. Stable [STABLE], Pi Network [PI], Rain [RAIN] saw significant declines.

• The crypto market experienced significant volatility this week, with Bitcoin reclaiming $80,000 and altcoins showing strong performance.
• Akedo (AKE), Arbitrum (ARB), and Near Protocol (NEAR) were top weekly gainers, driven by AI platforms and Layer-2/Layer-1 blockchain developments.
• Conversely, Stable (STABLE), Pi Network (PI), and Rain (RAIN) faced sharp declines, indicating a mixed market sentiment with selective altcoin momentum.

Topics: Asset types, Scalability, Blockchain usage, Stablecoins digital cash, Growth metrics, Ethereum evm l 1 s, Layer 2 scaling

Tags: #arbitrum #nearprotocol #stable #pinetwork #akedo #cryptomarket #altcoins #layer2 #layer1 #priceaction

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NEAR Adds Staking-Based Payments For AI Compute Credits

NEAR has launched a staking-based payment model for NEAR AI, giving users a way to lock NEAR tokens and receive monthly compute credits instead of...

• NEAR has introduced a novel staking-based payment system for its AI compute credits, allowing users to lock NEAR tokens for monthly access to AI models.
• This model aims to directly link token utility with AI usage, offering a programmable payment rail for autonomous agents and crypto-native users, distinct from traditional billing.
• While innovative, the success of this model hinges on user adoption and clarity regarding credit allocation, token volatility, and overall cost predictability.

Topics: Blockchain usage, Institutional adoption, Integration with defi, Ethereum evm l 1 s, Onboarding prime brokerage, Rwa collateral lending

Tags: #nearai #staking #computecredits #aimodels #tokenutility #autonomousagents #programmableaccess #nearprotocol #aicomputepayments

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NEAR Holds Near $1.92 as US Misses GENIUS Act Stablecoin Rule Deadline

NEAR News NEAR Protocol (NEAR) held near $1.92 as US regulators let the GENIUS Act’s one-year rulemaking deadline pass without a single final rule in place | Bitget crypto news!

• US regulators missed the July 18 deadline for finalizing rules under the GENIUS Act concerning stablecoins, leaving issuers with incomplete compliance frameworks.
• The missed deadline effectively locks in an January 18, 2027 effective date for stablecoin regulations, compressing preparation windows for firms.
• Regulatory uncertainty surrounding reserve eligibility and AML/KYC standards impacts stablecoins on networks like NEAR Protocol, affecting on-chain liquidity and RWA settlement.

Topics: Legal regulatory, Jurisdictions, Infrastructure providers, Securities law classification, Regulatory sandboxes pilots, Tokenization platforms

Tags: #geniusact #stablecoin #nearprotocol #usregulators #rulemakingdeadline #regulatoryambiguity #onchainliquidity #blackrock #aml #kyc

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Fable's Shutdown Hands Crypto Its Case for Decentralized AI

• The shutdown of Anthropic's Fable 5 AI model by the US government has fueled the argument for decentralized AI, with crypto proponents highlighting the risks of centralized control.
• Following the shutdown, tokens associated with decentralized AI projects, such as Bittensor (TAO) and Akash (AKT), saw significant price increases, driven by both ideological and speculative factors.
• Despite the enthusiasm, skepticism remains regarding the ability of decentralized AI to compete with centralized models in terms of quality and performance, with concerns also raised about the potential for misuse of powerful, ungated AI.

Topics: Institutional adoption, Legal regulatory, Blockchain usage, Asset manager initiatives, Securities law classification, Ethereum evm l 1 s

Tags: #decentralizedai #anthropic #fable5 #censorship #governmentcontrol #blockchain #crypto #bittensor #nearprotocol #aitokens

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