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MegaETH parent cuts 20% of staff amid restructuring, AI push

cointelegraph.com

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MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem.

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news.bitcoin.com

Why Tokenized Gold’s Explosive Growth Isn’t the Full Story: Xash CEO

Tokenized gold’s booming market cap and trading volumes haven’t translated into decentralized finance adoption. According to Xash CEO Kevin Huynh, most gold-backed tokens sit idle rather than generating yield. Tokenized Gold Booms in Volume Despite surging investment and trading volumes, tokenized gold has struggled to establish meaningful utility in decentr…

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news.bitcoin.com

How Buterin Complicates Ethereum’s Wall Street Pitch by Aiming at Bitcoin

Vitalik Buterin’s latest pivot in how Ethereum should be valued might make traditional Wall Street investors dizzy. The narrative is changing once again, and this time it moves ETH into the territory where Bitcoin’s pitch in traditional finance (TradFi) is strongest: being a store of value. This leaves the two most valuable blockchain networks competing […]

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scmp.com

No actors, no crew, no ticket sales: ‘So obviously AI’ film flops at China’s box office

China has ushered artificial intelligence into its cinemas, but the country’s first fully AI-generated feature film has flopped at the box office. Made with no human actors or camera crew, Sanxingdui: Future Past brought in just around 1.8 million yuan (US$270,000) after three weeks in theatres, according to Chinese box office data tracker Beacon Pro. The fi…

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