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first_img Layer2 data platform L2BEAT has been renamed to ETHBEAT

Ethereum Layer 2 data platform L2BEAT announced its rebranding to ETHBEAT. The team stated that their work has clearly exceeded the scope of Layer 2, and the new name aligns with their new mission. The name change does not signify a abandonment of Layer 2 coverage; relevant monitoring will continue, but Layer 2 will no longer be the sole focus. The current emphasis is on confirming whether systems built on Ethereum truly deliver the assurances of Ethereum to users.L2BEAT was launched over five years ago, with the initial goal of organizing the rapidly developing Ethereum Layer 2 at that time. The team tracked adoption through dashboards, starting with total locked value, later adjusting to total assurance value, and expanding to data such as activity levels; they also reviewed the source code of deployed smart contracts to assess whether these systems inherit Ethereum's security guarantees.ETHBEAT will bring its existing transparency and review methods to a broader Ethereum ecosystem and collaborate with other Ethereum organizations. Layer 2 remains one of the core areas, alongside privacy and the upcoming liquid staking, while cross-chain interoperability, tokens, zero-knowledge proofs, native Rollups, and foundational layer changes will also continue to be tracked. The team also launched the CROPS guide, which includes projects that meet principles of anti-censorship, open-source, privacy, and security. Its mission is to help users understand and reduce reliance on intermediaries, clarifying whom users must trust, what these entities can do, and whether users can still exit after other participants withdraw.

Gate Money launched a promotional event for account opening, where new users who open a USD-named account can receive up to 100 USDT

According to the official announcement, Gate Money will launch the "Account Opening Gifts" event from October 28 at 16:00 to November 11 at 16:00 (UTC+8). During the event, users who complete registration and identity verification, successfully open an account for the first time, and complete a valid bank transfer will have the chance to receive random rewards ranging from 2 to 100 USDT.After the event ends, Gate will randomly select up to 5,000 users who pass the qualification review, with each person eligible to receive a random reward of 2 to 100 USDT. Each individual can claim the reward once, and no trading or purchase of financial products is required. The specific account opening and reward rules are subject to the official announcement.Gate Money is an integrated financial service application within the Gate App, facilitating cross-border capital flow and daily consumption scenarios. Eligible users can directly open a USD bank account in their own name with one click through the Gate App. The platform supports cross-border deposits and withdrawals in four major fiat currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), and United Arab Emirates Dirham (AED) via SWIFT, and integrates functions such as Convert asset exchange, Earn financial management, Gate Card consumption, and Pay payment, achieving efficient connections from global fund transfers, multi-currency asset management to daily payments.

first_img Anthropic's prospectus names TSMC, warning that advanced chip production capacity is concentrated in Taiwan

The AI laboratory Anthropic, which developed Claude, named TSMC in its IPO prospectus, warning that the world's most advanced chip manufacturing capacity is highly concentrated in Taiwan. The prospectus states that if TSMC's operations are disrupted, it could severely impact the supply of AI chips and affect Anthropic's business, financial condition, and operational results.According to MoneyDJ citing the prospectus, the global AI industry heavily relies on TSMC's advanced processes. Suppliers such as NVIDIA and AMD, as well as companies that design their own chips like Amazon and Google, all need TSMC to turn their designs into physical chips. The listed risks include earthquakes, typhoons, interruptions in power and water supply, as well as cross-strait geopolitical tensions, military conflicts, blockades, tariffs, and trade restrictions.The prospectus also states that if a significant event occurs in Taiwan, the supply of advanced chips could be severely hindered; due to the time-consuming nature of building and certifying alternative foundries, the impact could last for several years. The expansion of advanced processes outside Taiwan is still in its early stages, making it difficult to effectively reduce concentration risks in the short term. TSMC has been unable to fully meet market demand due to strong demand, resulting in Anthropic not being able to obtain a sufficient supply of chips in a timely manner.

a16z crypto has been renamed a16z Frontier, with its investment scope expanded to frontier technology

On October 23, a16z General Partner Chris Dixon announced that a16z crypto would be renamed a16z Frontier. The investment scope has expanded from crypto startups to a broader category of frontier technology startups, which are companies that create new technologies, open new markets, and may take years to mature. Dixon emphasized that this adjustment is an expansion of scope rather than a shift in direction, and the team will continue to invest in crypto and related businesses while advocating for reasonable crypto regulation.Dixon stated that as blockchain becomes more widely adopted, Wall Street and fintech companies have normalized the launch of on-chain products, and the importance of the "crypto company" label has diminished; companies should be defined by their business rather than the technology they use. His explanation also pointed to the AI wave, which not only focuses on using AI to perform existing tasks faster and better but also emphasizes the emergence of new native use cases, full-stack entrepreneurship that integrates software and hardware with services, and new networks that connect people with intelligent agents.Dixon believes that blockchain will continue to play an important role, providing the internet with a fast, cheap, global, and programmable funding track. Stablecoins are becoming standard tools for fintech and institutions, and they can also support machine-to-machine transactions and the cold start of new networks. The fund will be co-led by Dixon along with a16z founders Marc Andreessen, Ben Horowitz, and General Partners Eddy Lazzarin and Guy Wuollet, while the operating team will continue to serve existing and future portfolio companies in areas such as regulation, market entry, talent, marketing, and technology development.
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