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After AMD's acquisition of World Labs, Li Feifei's net worth is projected to reach at least $1.6 billion.

38 minutes ago

Beating AI News (via Bloomberg): AMD’s acquisition of AI startup World Labs at an $8.2 billion valuation will push co-founder and CEO Li Feifei’s net worth to at least $1.6 billion upon deal closure, a rise of over 50% from her previous fortune. Li Feifei became a billionaire in February this year after World Labs secured a funding round that valued the startup at more than $5 billion. The Bloomberg Billionaires Index estimates she holds roughly 19% of World Labs’ shares. Founded in early 2024, World Labs specializes in spatial intelligence and physical intelligence, using AI to develop physical space simulations applicable to design and robotics. Post-acquisition, Li Feifei will serve as AMD’s Chief Scientist, and World Labs’ research team and models will gain access to AMD’s computing resources. After AMD’s acquisition of World Labs, Li Feifei’s net worth is projected to rise to at least $1.6 billion.

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Quant Network founder moves $6.97M $QNT after 7 years, retains $160.39M in holdings

Quant Network founder wallet 0x48E9 moved 25,776 $QNT($6.97M) to new wallets after 7 years of inactivity. The wallet still holds 600,000 $QNT($160.39M).

5 minutes ago

Polymarket has hired former Goldman Sachs partner Lisa Mantil as Head of Institutional Growth to drive its institutional business growth.

According to CNBC, prediction market platform Polymarket has hired Lisa Mantil, who brings nearly 30 years of experience at Goldman Sachs, as its Head of Institutional Growth, with the goal of attracting Wall Street capital and expanding its institutional business. Mantil was previously a partner at Goldman Sachs and served as global head of the firm’s ETF Accelerator, where she assisted clients in launching investment products. She said she will leverage her experience helping institutions adopt new products and enter new markets to expand the application of prediction markets in investment and risk management strategies. Shayne Coplan, founder and CEO of Polymarket, noted that Mantil’s institutional expertise and industry connections will support the company’s next phase of expansion. Growth in the prediction market space has previously been driven primarily by retail participants in sports-related contracts, and platforms across the sector are now seeking to boost institutional liquidity. Polymarket’s international platform has completed its first block trade; a broker working with early institutional participants said the firm is also in discussions to launch block trades on its U.S. platform and is close to having the relevant capabilities, though Polymarket did not comment on specific progress.

5 minutes ago

zk.money relaunches three years after halting operations, plans to launch mobile apps and DeFi integrations in Q4.

Aztec Labs has re-launched the self-custodial privacy wallet zk.money on the privacy-focused Ethereum Layer 2 Aztec Network, three years after the original product ceased operations in 2023. Aztec stated that the new wallet will not disclose user balances, payment amounts, or counterparty information on the public ledger, and the platform cannot spend, transfer, or freeze user funds. The original zk.money launched in 2021, serving over 75,000 unique wallets and processing more than $100 million in total transaction volume. Aztec Labs CEO Joe Andrews noted that the product’s discontinuation was not due to a lack of demand for privacy payments, but because the original system was difficult to add new features and could not scale to a global level. The new wallet supports users registering ENS usernames like “bob.zk.money”, enabling them to send or request payments via links, and users can also restrict who can interact with their username. zk.money is currently accessible via web browser or local execution; a mobile app and integrations with Ethereum DeFi protocols are planned for launch in the fourth quarter, though specific launch dates and partners have not been disclosed.

5 minutes ago

Balancer Community Passes Orderly Shutdown Proposal, Fork Plan Rejected

Balancer announced that BAL holders have approved protocol orderly shutdown proposal BIP-928, while the fork proposal BIP-929 — which would continue Balancer’s technology under a new name — failed to pass. Existing liquidity pools will operate normally until October 30, with users able to withdraw funds throughout the process. The deadline for partners to apply to extend specific V3 pools to run until November 30 is October 16. On October 30, pools eligible for suspension will switch to withdrawal-only mode, and the bug bounty program will conclude at the same time; the V3 Vault will be suspended on November 30. Balancer stated that its contracts are non-custodial, meaning withdrawals do not depend on the project’s continued operation. BAL holders do not need to take any action at present. Starting from the end of May 2027, holders can burn BAL to receive proportional allocations from the DAO treasury, with the exact opening date for this process announced at least two weeks in advance. Balancer will also publish guides for exiting liquidity pools via its application, third-party tools, and direct on-chain operations.

5 minutes ago

Maji closed his long position in PUMP, booking a profit of $827,000, before re-opening a $5.26 million long position with 10x leverage.

Per Lookonchain’s monitoring, crypto personality "Big Brother Ma Ji" (Huang Licheng) closed his long PUMP position 9 hours ago, locking in a profit of $827,000. He immediately re-opened a position thereafter, going long on 900 million PUMP tokens with 10x leverage, with the position valued at approximately $5.26 million.

5 minutes ago

Machi Closes $827K $PUMP Profit, Opens New 10x Long on 900M $PUMP

Machi (@machibigbrother) closed his $PUMP long 9 hours ago, realizing a $827K profit. Right after that, he opened a new 10x long on 900M $PUMP($5.26M).

5 minutes ago

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