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first_img Report: The cost of remittances using stablecoins is 84% lower than traditional transfers, with settlement taking just a few minutes

The third-quarter report released by the stablecoin payment network Borderless.xyz shows that the median cost of sending a $200 remittance through stablecoin funding channels is 1%, or $2; whereas, according to World Bank data, the median cost of traditional remittance channels is 6.36%, or $12.72. In comparison, the cost of stablecoin remittances is approximately 84% lower. This comparison uses Borderless's pricing for the third quarter of 2026 and World Bank data for the same period in 2025.In emerging markets, the cost advantage is also evident. The cost of stablecoin remittances in Sub-Saharan Africa is 2.9%, while traditional transfers are 8.46%; in Latin America, the figures are 1.25% and 5.64%, respectively. In terms of corporate payments, a $10,000 stablecoin transfer to the Eurozone can cost as low as $26 when choosing the lowest-cost service provider, with the median service provider costing $52; traditional international bank wire transfers for the same amount require $135 to $150, including transfer fees and a 1% foreign exchange spread.Regarding settlement speed, the report states that stablecoin payments can reach the recipient's local bank account within minutes. The median settlement time for Brazil's PIX network in the third quarter is 2 minutes, Mexico's SPEI is 3 minutes, and Colombia's PSE is 2 minutes; traditional SWIFT transfers typically settle the next day, with the slowest 10% taking 3 business days. The success rate for receiving funds varies significantly: Mexico's SPEI is 98.6%, Brazil's PIX is 97.8%, Colombia's PSE is 79%, and Costa Rica's SINPE is only 73%. Standard Chartered Bank recently pointed out that although the total market capitalization of stablecoins has grown relatively slowly this year, transaction volumes are still rising, and it is expected that this market will reach $2 trillion by 2030, two years later than previously predicted.

NetEase UU Remote Public Third-Party App Computer Remote Control Access Agreement

NetEase UU Remote has publicly released a third-party app integration protocol on GitHub, allowing developers to add a remote control entry to their iOS and Android applications. For example, to add a "Connect to Work Computer" button for an AI programming assistant, when users click it for the first time, they will be redirected to UU Remote to select and bind their Windows or Mac. After that, they can directly initiate remote control with another click, without having to repeatedly search for the device.Remote control supports full screen and picture-in-picture modes, allowing users to operate their computers through a floating window while using other apps on their phones. After leaving home, users can check if Claude Code or Codex on their home Mac has completed tasks, and they can directly invoke remote control from third-party applications. Developers can obtain connection results in windowed mode to determine if the device is offline or if the connection has failed.What has been opened is a cross-app invocation protocol, not the source code of the remote control engine, nor an interface for AI to automatically operate computers. Third-party applications still need to call the installed UU Remote client, and the actual remote control is completed by NetEase. Currently, the controlled devices only support Windows and macOS, and the mobile side must use UU Remote version 4.42.0 or later.

first_img Anthropic opens employee access to METR, advancing independent security assessments

On October 15, Anthropic announced that it has begun providing employee-like access to a team from the nonprofit organization METR for the purpose of evaluating its models and safety practices. The company stated that last month it committed to strengthening independent third-party evaluations and signed the White House "Superintelligence Agreement," which includes a commitment to collaborate with independent external auditors or evaluators. Over the past year, Anthropic has worked with METR to review several risk reports, and METR will publish its risk assessment results.Anthropic has equipped six METR employees with company hardware, office space, and access to internal tools and systems roughly equivalent to those of its own risk assessment team. With a few explicitly defined categories such as client data, attorney-client privileged information, and model architecture information, employees are encouraged to share information as they would with colleagues working on alignment risk. METR may publish analyses of risk levels, events, or practices, which Anthropic cannot veto, but can request the removal of pre-defined narrow category information; METR may publicly state the circumstances of redaction and indicate whether it believes the redaction is reasonable without disclosing the content that was redacted. This arrangement is limited to small teams working under enforceable agreements, and other METR employees are isolated from working with this team.Anthropic is also collaborating with SecureBio and Accenture on assessments and is in early discussions with other organizations, including Hugging Face. SecureBio is reviewing the chemical and biological weapons section of the August 2026 risk report, having previously completed and published a pilot review of the previous risk report.

first_img Backbone Labs bOSMO contract vulnerability leads to support exhaustion, Osmosis announces compensation plan

The liquid staking token bOSMO issued by Backbone Labs nearly exhausted its contract support after a large redemption in the Osmosis community pool. A disclosure on the Osmosis forum on October 15 revealed that approximately 40,508 OSMO were designated for compensation to 1,037 accounts. The disclosure author Johnny Wyles stated that the staking contract has overpaid for each redemption since at least April 2026, settling at approximately 1.676 OSMO per bOSMO, while the declared exchange rate of the contract was about 1.117 OSMO.The vulnerability repeatedly counted the OSMO staked on Backbone's own validators, allowing redeemers to receive about 50% more assets, at the cost of diluting the support for remaining holders. The defect was exposed when preparing to liquidate the community pool position, and the passed governance proposal 1049 authorized the withdrawal of the Margined managed treasury position and the destruction of the reclaimed OSMO when it ceased managing liquidity operations. The pool's bOSMO treasury holds approximately 1.137 million bOSMO, accounting for about 97% of the total supply of the token; the redemption transaction executed on October 9 at 21:59 ET destroyed 776,000 bOSMO and began unbinding approximately 1.3 million OSMO.Compensation is based on the qualified balance at block 72,237,940, calculated at 1.1174 OSMO per bOSMO. bOSMO purchased after the snapshot is not included in the compensation, and underlying holders in the liquidity pool and other contracts are also included;

first_img Google stated that the Willow chip reduces magical state errors by approximately 40 times

The Google Quantum AI team published a paper in Science, announcing that a technique called magic state cultivation reduces errors by about 40 times on the Willow processor, producing logical fidelity of 99.99% for T states. Magic states are one-time resources required to run useful quantum programs, consumed with each use; according to estimates cited by Google, the cost of producing magic states can account for up to 95% of a quantum computer's total capacity, leaving very limited space for actual computation.The previous standard approach was magic state distillation proposed by physicists Sergei Bravyi and Alexei Kitaev in 2004, which required a large number of qubit factories dedicated solely to this task. Google researchers proposed a cheaper cultivation route in 2024, which behaves more like a filter: injecting rough magic states into a small area of the chip, running a series of checks on them, discarding all attempts found to be defective, and allowing the passers to gradually expand. In the experiments, only about 8% of attempts passed all checks, meaning that more than 90% of attempts had to be discarded for each clean state retained.The cultivation technology is one of the supports for Gidney's 2025 estimate that RSA-2048 encryption could be broken by fewer than a million noisy qubits, a reduction of 20 times from the 20 million estimated in 2019. This experiment used up to 54 of the 105 qubits in Willow, with the paper noting that breaking the RSA-2048 key requires magic states with an error rate of about one in ten billion, which is about a million times cleaner than this result.

first_img Troy Cross: Bitcoin balances unlimited printing; the academic community will ultimately accept Bitcoin

In an interview video published by Bitcoin Magazine, philosopher Troy Cross provided answers on whether Bitcoin can truly achieve "the separation of money and state." He stated that he does not expect governments to abandon printing money anytime soon, but believes that Bitcoin serves as a check against endless monetary expansion, as people will choose to seek refuge in Bitcoin.Cross believes that academia will be the last group to understand Bitcoin, following innovators, financial practitioners, and journalists. He mentioned that the "Getting Bitcoin" initiative has made it to The Wall Street Journal, with related Bitcoin articles receiving 4 to 6 times the normal click rates. He also cited a survey from the Nakamoto Project, indicating that Bitcoin is moving towards normalization, while also increasingly showing signs of partisanship and polarization.In the interview, Cross also discussed the branding issues Bitcoin faces, as it is often confused with the broader category of crypto assets, and why price trends, education, and "Number Go Up" have become a universal language. He mentioned the need to bridge the gap and reach the 82% of people who do not yet hold Bitcoin, and explained how Bitcoin can keep governments honest. The video chapters also touched on the setbacks of the Clarity Act and why Bitcoin continues to move forward.
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