The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

Decentralized AI infrastructure project DGrid AI has announced the tokenomics for its DGAI token. The total supply of DGAI is 1 billion tokens, with allocations broken down as follows: 50% reserved for node operators and infrastructure providers; 15% earmarked for ecosystem development, promotional activities, contributor programs, and user incentives; 10% allocated to core contributors; 10% to seed round investors; 8% for airdrops; and 7% for initial liquidity.

According to monitoring by TheDataNerd, a newly created address has just withdrawn 57,000 HYPE tokens from Coinbase, equivalent to approximately $3.36 million.

The Shanghai Intermediate People's Court of China has released a typical judicial case, analyzing the determination of whether "referral personnel" in telecom and online fraud cases involving virtual currencies constitute accomplices to fraud. From February 2022 to April 2023, the defendants, seeking illicit profits, assisted upstream fraud crimes in referral activities—using virtual phone software to lure victims into joining fraud-related groups, ultimately leading to 30 victims being defrauded of a total of over 2.34 million RMB by an overseas fraud organization (currency unit same hereinafter). The overseas fraud organization transferred the funds to the suspects' trading accounts via virtual currencies. The three defendants in this case were convicted of fraud and sentenced to fixed-term imprisonment ranging from 10 to 13 years. The Shanghai No.1 Intermediate People's Court noted that in telecom and online fraud cases, "referral personnel" may, depending on the circumstances, be convicted as accomplices to fraud or the crime of illegal use of information networks. The key lies in determining whether they have formed clear criminal intent communication with the upstream fraud syndicate and whether there is a stable division of labor and collaboration. When determining the criminal liability of "referral personnel" in judicial practice, factors such as their role in the criminal chain, level of organizational management, connections with upstream criminals, profit-making methods, and abnormal behavioral manifestations should be comprehensively considered. A distinction must be made between acts that only provide general network services without forming a fraud conspiracy, and "referral" acts that knowingly participate in the implementation of fraud.

Layer 1 blockchain Decred announced it has discovered a vulnerability, with a fix patch scheduled for release on the evening of August 18 (Beijing Time). Out of caution, the project’s official team advises users to disable voting and mining functions before upgrading, and will issue an announcement immediately after the patch goes live.

According to Taiwan Economic Daily, power semiconductor manufacturers in Taiwan, China are planning a third round of price adjustments, with non-contract products set to see a 10% to 15% price hike as early as October. Industry insiders are optimistic that firms including Taiwan Semiconductor, Alpha and Omega Semiconductor, and Delta Microelectronics will achieve both volume and price growth in their operations in the second half of the year. (Jinshi)

According to Bitget market data, South Korea’s KOSPI index closed 1.55% lower at 6869.80 points. Samsung Electronics fell 2.19%, while SK Hynix rose 1.03%. Japan’s Nikkei 225 index closed 2.54% lower at 67460.73 points.