Linera Launches Babbage Testnet

HyperLabs unstaked 3.75M $HYPE ($331.4M) 9 hours ago to distribute to the team members and will sell the tokens through OTC. On-chain data shows that 1.25M $HYPE ($110.57M) has been restaked, 1.875M $HYPE is held in wallet 0x8757, and 625K $HYPE ($55.37M) is held in wallet

Sources familiar with the matter said Wells Fargo is in talks with Payward, the parent company of crypto exchange Kraken, over a crypto liquidity partnership. If the deal is finalized, Payward will serve as Wells Fargo’s crypto liquidity provider. The U.S. bank currently offers Bitcoin spot ETF trading to eligible wealth management clients, and has invested in crypto compliance firm Elliptic and trading technology provider Talos. (CoinDesk)

Beating AI Insight News Flash: Microsoft has unveiled Windows' "hybrid intelligence" initiative, which will enable AI Agents to execute tasks directly on personal computers. Once authorized, Copilot can access local files and recent activity, organize documents, troubleshoot issues, and write code. In a Microsoft demo, the AI automatically gathered tax filing materials, renamed files, packaged attachments, and drafted an email to send to accountants. The core of this solution lies in the collaboration between on-device AI and cloud AI: Copilot takes charge of task reception, while Windows provides access to files and operational capabilities. Some tasks can be handled by the on-device model, reducing cloud token consumption and keeping sensitive data local. For tasks requiring stronger reasoning capabilities, the cloud model will be called in. To support on-device operation, Microsoft has compressed the 137-billion-parameter programming model MAI Code 1.1 Flash to 53GB, enabling it to run on high-performance PCs equipped with RTX Spark. GitHub Copilot will also automatically select between on-device and cloud models via HydraFusion, eliminating the need for paid cloud inference for certain coding tasks. Microsoft has also launched the MXC security sandbox, which restricts the files and networks that Agents can access to prevent unauthorized operations. MXC is now officially available. New capabilities for Copilot, such as local file access and PC operation execution, will roll out to Copilot+ PCs over the coming months.

Decentralized finance (DeFi) protocol Sky Protocol has been assigned a B3 long-term counterparty risk rating by credit rating agency Moody’s, with a stable outlook. This marks Moody’s first ever rating of a stablecoin protocol. As of September, Sky Protocol held roughly $90 million in tangible common equity, corresponding to approximately $100 billion in tangible assets under management. Moody’s labeled its capital position a “major credit weakness”. Formerly known as MakerDAO, Sky Protocol manages the USDS and DAI stablecoins, both pegged to the U.S. dollar. Moody’s noted that around 45% to 50% of Sky Protocol’s assets consist of stablecoins and tokenized money market funds, with an additional ~25% being crypto-collateralized loans. Its rating is also constrained by risks related to low capital adequacy, confidence-sensitive stablecoin liabilities, and its DAO structure. (Bitcoin.com News)

According to on-chain analyst Ai Yi (@ai_9684xtpa), three new addresses withdrew 23,456 ETH from Coinbase three hours ago, totaling $60.37 million in value, with an average withdrawal price of $2,574.06 per ETH.

According to monitoring by crypto analytics platform Yu Jing, Ethereum OG whale pinosaur.eth liquidated 9,618 ETH (valued at $24.58 million) that he had held for nine years six hours ago, locking in a $24.21 million profit, a 65x return. He transferred the 9,618 ETH (worth $24.58 million) to Kraken six hours prior. The whale’s ETH holdings trace back to April 2017, when he withdrew 7,459 ETH from Bitfinex at a time when ETH was trading at just $50.