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The stablecoin giant Tether's Tether AI Research today released QVAC Genesis III, a synthetic training dataset aimed at the fields of science, technology, engineering, and mathematics, with a scale of 19.143 billion tokens, covering 159.6 million documents.It is reported that Tether hopes to enhance the reasoning and teaching capabilities of small AI models, allowing more AI assistants to run directly on laptops, mobile phones, and local servers, reducing the ongoing reliance on large cloud models.Genesis III continues the data lineage of Genesis I and Genesis II, covering 19 curriculum-related fields including biology, chemistry, physics, mathematics, computer science, medicine, electrical engineering, and machine learning, aimed at high school, university, and professional applications. Tether states that the dataset will focus on training models to explain problem-solving paths, identify erroneous reasoning, and provide corrections, rather than just outputting final answers.According to Tether's disclosed test results, a 1.7 billion parameter model trained with Genesis III option-level data achieved an effective answer rate of 99.45% in relevant benchmark tests. Compared to the Cosmopedia-v2 training model of similar token scale, Genesis III improved scores on the ARC-Easy, ARC-Challenge, and MMLU STEM benchmarks by 28.57, 21.35, and 15.03 percentage points, respectively.

U.S. Senator John Curtis from Utah, a Republican, wrote to Chuck Grassley, the Chairman of the U.S. Senate Judiciary Committee, and Dick Durbin, the Chief Minority Whip, calling for an investigation into whether Donald Trump Jr. and Hunter Biden exploited their presidential family connections for personal financial gain, and requested subpoenas for both individuals. Curtis pointed out that Donald Trump Jr. had accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted family-backed cryptocurrency ventures, and served as an advisor for a prediction market platform; the related companies are regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has returned the relevant funds to Umar Kremlev.Curtis also called for an investigation into Hunter Biden's substantial business dealings with foreign entities, as well as whether the two utilized their relationship with the president to create commercial value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, who had previously denied involving his father in business transactions. A week prior to this investigation call, Senate Republicans failed to garner enough Democratic support to advance the Digital Asset Market Clear Act. Some Democratic senators opposed the bill, citing reasons including Donald Trump's use of cryptocurrency ventures to gain benefits related to the presidency; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025.

Crypto In America host Eleanor Terrett posted on X that after the failure of the Clarity Act, the crypto industry's super political action committee Fairshake is preparing to make its largest expenditure this year, investing $30 million to oppose Sherrod Brown's re-election campaign for senator.If Brown successfully returns to the Senate, he may regain his qualifications and serve as the chairman or a senior member of the Senate Banking Committee. This news was first reported by The New York Times and confirmed to Eleanor Terrett by a Fairshake spokesperson.

U.S. Republican Senator and Wyoming Federal Senator Cynthia Lummis stated: The Democrats had previously requested that any cryptocurrency project raising more than $25 million from the public provide audited financial statements, and this requirement has been written into the bill.Lummis noted that the Democrats voted against the transparency they had requested. Lummis has served as a Federal Senator from Wyoming since 2021, having previously served as a member of the U.S. House of Representatives from 2009 to 2017.

Crypto In America host Eleanor Terrett reported that seven Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, stated that they are "committed to passing the Clarity Act in a bipartisan manner."This statement comes as both sides are making initial efforts to restart bipartisan negotiations and assess the willingness of all parties to return to the negotiating table and push for the passage of the Clarity Act before the end of the year. This information comes from three informed sources.

According to a report by Reuters, U.S. Senate negotiators are discussing legislation that would require artificial intelligence companies to demonstrate that they are taking reasonable precautions to prevent their tools from causing harm. The proposal aims to grant the U.S. Secretary of Commerce the authority to require developers to provide proof of reasonable steps taken to prevent harm, referred to as "duty of care," and to authorize the dispatch of government auditors to test relevant products. Reuters was unable to immediately determine what constitutes "reasonable," and the related legislation is still under discussion.Even if Congress passes the measure, its prospects of becoming law still face significant resistance. U.S. President Donald Trump stated on Monday that existing authorities are sufficient to regulate and prosecute technology companies, suggesting that he would not sign a bill that sets new rules for artificial intelligence. Senate Majority Leader John Thune, Senate Commerce Committee Chairman Ted Cruz, and Democratic Senator Amy Klobuchar, who is involved in the negotiations, are discussing the proposal. Thune told reporters on Monday that Congress could set safeguards against more significant threats without compromising the U.S.'s leading position in the artificial intelligence race.Klobuchar stated in a statement that she is continuing to push for bipartisan legislation to oversee the greatest risks posed by artificial intelligence models, including requiring developers to work with government experts to validate and test models to ensure safety. Senior Democratic member of the Commerce Committee Maria Cantwell is also involved in the discussions. Reuters reported on Friday that negotiators are also discussing the possibility that if the government determines that certain artificial intelligence models are unsafe and wishes to prevent their release, it could be brought to federal court, where companies could challenge that decision. The portion of the measure involving federal courts would also prevent states from enforcing their own laws regarding specific risks associated with artificial intelligence models.

U.S. Senator Cynthia Lummis stated that the recent lawsuit against Tether for freezing $42.4 million in USDT highlights the regulatory gaps in the current crackdown on illegal financial activities in the cryptocurrency industry. She pointed out that stablecoin issuers and trading platforms may face civil litigation risks if they freeze related assets due to suspicions of illegal activities.Lummis indicated that Section 305 of the "Digital Asset Market Structure Clear Act" would grant stablecoin issuers and trading platforms the necessary authority to promptly freeze stablecoins suspected of being involved in illegal activities while avoiding civil liability as a result.She believes that this provision can help the cryptocurrency industry more effectively prevent the flow of illegal funds and address the legal risks faced by issuers and trading platforms when taking compliance measures.

U.S. Senator Cynthia Lummis stated that if the Clarity Act fails to pass in this Congress, the next real opportunity to reintroduce market structure legislation will not come until 2030. Completing this work now could prevent wasting job opportunities, investments, and tax revenue in the coming years.

According to Tech Funding News, German AI data analytics startup Zeit AI has completed a €5 million seed round financing, with investors including Y Combinator, the Oxford University Seed Fund, Sequoia Capital Scout Fund, ACE Ventures, and HPVC, founded by SAP co-founder Hasso Plattner.Angel investors include former German Finance Minister Christian Lindner, 2014 World Cup champion Mario Götze, and Meta board member Charlie Songhurst. Zeit AI was founded two years ago by two former Palantir employees, and its product ZeitMind is an autonomous data analyst that can automatically process raw data and generate reports, alerts, inventory optimization, and other applications without the need for human data engineers to intervene.

AI-native operating system Metal, aimed at the private capital market, announced the completion of a $4.5 million seed round financing, led by a16z, Speedrun, and Y Combinator, with participation from Pioneer Fund, Rebel Fund, Gaingels, Indus Valley Capital, Team Ignite VC, Goodwater Capital, and Phaze Ventures.This round of financing will accelerate its development of software that founders can use during fundraising and continue to use throughout the capital formation process. Metal also released a paper on the trends in the private capital market.

U.S. Republican Senator Bernie Moreno from Ohio urged the U.S. Trade Representative to consider imposing tariffs on South Korea due to its treatment of the American e-commerce company "Coolpeng." Moreno pointed out in his letter that Seoul takes hostile actions against foreign companies, including heavy compliance requirements and biased regulatory enforcement, and requested an investigation under Section 301 of the Trade Act of 1974. South Korea denies discriminating against Coolpeng compared to domestic companies.

According to monitoring by Catcher Predict, in the "NATO and Russia Military Conflict Prediction" event on the prediction market Polymarket, the "Yes" option in the sub-market "October 31" experienced a sharp fluctuation in winning probability, dropping from 43% an hour ago to the current 23.5% (a fluctuation of 19.5%). Please note the impact of related breaking news.

Nick Timiraos, the chief economic reporter for The Wall Street Journal and known as the "mouthpiece of the Federal Reserve," recently wrote that Federal Reserve Chairman Kevin Warsh is facing intense scrutiny from Congress. On Wednesday local time, four members of the Senate Banking Committee, led by Senator Chris Van Hollen, jointly sent a letter to Warsh, demanding that he publicly disclose all communication details with President Donald Trump.Earlier reports indicated that Warsh had maintained frequent phone contact with Trump since taking office, but the publicly available schedule from the Federal Reserve does not record any related calls during Warsh's early days in office. Lawmakers believe that this "selective transparency" could raise concerns about government interference in monetary policy.Kevin Hassett, the director of the White House Council of Economic Advisers, previously stated that Warsh has long engaged in economic discussions with Trump but claimed that Trump would not pressure the Federal Reserve. Trump later denied the related reports, stating that he had only had a brief conversation with Warsh a few days prior.Currently, the Federal Reserve has stated that it will continue to delay the disclosure of the chairman's schedule according to established rules. The market is watching to see if Warsh will provide additional information and whether this matter will affect public confidence in the independence of the Federal Reserve.

U.S. Democratic Senator Warren asked Treasury Secretary Basent to explain the basis for the Trump administration's intervention in the yen. In a letter dated August 13, Warren pointed out that the government has not provided detailed justification and has not disclosed how much money was used to purchase yen.Basent confirmed that the U.S. and Japan jointly intervened in the foreign exchange market for the first time since 1998 to support the yen, but did not specify the amount of funds.

AI personal assistant startup Pally announced the completion of a $5.2 million financing round, led by Cyber Fund and Y Combinator, with participation from Pioneer Fund, Founders Inc, 468 Capital, and angel investors. The company is valued at $30 million, and its main business is providing AI personal assistant services through a messaging interface.Pally was launched in 2025, with the latest version going live in June, capable of syncing with platforms like Gmail, Outlook, Slack, Granola, and Notion. After user authorization, Pally can book flights, manage inboxes, reply to messages, and make restaurant reservations. Pally utilizes Anthropic's Claude, OpenAI's ChatGPT, as well as open-source models like Kimi K3 and GLM 5.2. Co-founder Haz Hubble stated that the company will not sell user data and will not use related data to train models.

According to CoinDesk, U.S. Senator Elizabeth Warren stated that she supports pushing for cryptocurrency-related legislation but does not support the current CLARITY Act, believing that the bill fails to adequately address key issues such as corruption, consumer protection, national security, and economic risks.Warren pointed out that the crypto industry needs a clear regulatory framework, but the regulatory plan must ensure investor rights and the safety of the financial system. She believes that the CLARITY Act is lacking in preventing conflicts of interest, protecting consumers, and reducing potential systemic risks.The CLARITY Act aims to further clarify the division of regulatory responsibilities for the U.S. digital asset market, establishing a clearer legal framework for cryptocurrency asset trading, issuance, and market participants. Supporters believe that the bill helps enhance industry certainty and promote innovation.However, some Democratic lawmakers, including Warren, have previously expressed concerns about cryptocurrency regulatory legislation, arguing that some proposals could weaken the power of regulatory agencies and create regulatory arbitrage opportunities for large crypto companies.Warren has long taken a cautious stance on crypto assets, focusing on consumer protection, financial stability, and the risks of illegal activities in the crypto market. This statement indicates that U.S. cryptocurrency regulatory legislation still faces a struggle between the two parties and different interest groups.

According to Jinshi reports, NATO Secretary General Jens Stoltenberg stated that he is discussing with allies how to continue providing urgently needed air defense systems to Ukraine.

Robinhood's Robinhood Ventures announced the launch of its second venture capital fund RVII, aiming to raise $200 million, primarily investing in current or past incubated projects from Y Combinator. The fund will be listed on the NYSE, priced at $25 per share, and is expected to start trading on August 13. Unlike the previous first fund (RVI) which had zero performance fees, RVII will charge a 2% management fee and a 20% performance fee, with an annual total expense ratio of approximately 4.18%. Robinhood describes the fund as a "speculative" investment, "with significant loss risks" and no shareholder redemption rights.The first fund was launched in March, raising $658.4 million, primarily targeting late-stage companies such as Databricks, Stripe, OpenAI, and SpaceX, which fell 16% on its first trading day before rebounding about 30%. RVII will shift its focus to seed-stage projects. Sarah Pinto, head of Robinhood Ventures, stated that retail investors "do not need to wait for a company IPO to participate in early growth." Goldman Sachs serves as the lead underwriter, with Citigroup, JPMorgan, UBS, and Wells Fargo as co-managers, and the subscription window will close on August 12.