AI automation startup Relay shuts down, founder joins Google’s Chrome team.
According to TechCrunch, AI-powered workflow automation tool Relay is shutting down. Founded in 2021, the company aimed to become the "new Zapier". Some employees, including top management members, will join Google’s Chrome team. Relay founder and CEO Jacob Bank released a company announcement on Monday stating that Relay will cease services for paid users on September 14, while free users lost access on August 15. The news of the app’s shutdown was first announced in July this year. Bank, who previously worked at Google for over six years, revealed he will rejoin the tech giant as Google Chrome’s product vice president, leading Chrome’s product and developer relations teams.
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Microsoft’s Associated Data Center Bond Issuance May Rise to $3.9 Billion
According to Bloomberg, a $3.9 billion bond offering tied to Microsoft has attracted more than $8 billion in investor demand, prompting issuers to increase the transaction size by roughly $1 billion from its initial target. The bond will be issued via a subsidiary of Blackstone-backed QTS Realty Trust LLC to finance a data center project in Georgia, U.S. The debt is expected to be issued by two special-purpose liability subsidiaries of QTS’s QualityTech LP. The bond’s coupon rate is projected to land in the high 6% range, and it will be issued at a discount, resulting in an actual yield between the low and mid-7% range. While the bond is expected to earn an investment-grade rating, its yield is on par with that of a single-B junk bond. Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley held conference calls with investors last week to present the offering. The banks are leading underwriters for the deal, and the bond has been marketed to the market for several consecutive days. The bond transaction could price as early as Tuesday, though discussions are still ongoing and the final issuance plan remains subject to change.
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Farcaster is seeking a new operations team to take over its product, while the original team members will shift to new projects.
Products associated with Farcaster, Clanker, and Neynar have now launched the process of seeking new ownership and operational teams. The relevant teams stated that earlier this year, these products aligned well with their development direction, but as circumstances changed, the current team determined they were no longer suitable for the next phase of operational needs. They are currently in discussions with several teams capable of operating decentralized social applications and related developer products. Relevant team members noted that the focus of this adjustment is to find appropriate long-term ownership for Farcaster and its related products, and ensure the projects can sustain development. This decision was not made lightly; the team’s relative silence over the past month stemmed primarily from internal reflection. The team believes Farcaster boasts a strong community foundation and high user recognition, and is confident that after the next phase of adjustment, the project will find a more suitable long-term development path. Meanwhile, the relevant companies will return funds from their balance sheets, with most funds still on the books, and team members will move on to new projects. The team emphasized that this adjustment will not disrupt the normal operation of related applications and developer products, adding that Farcaster has sufficient community support and is unlikely to disappear.
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The Pando Rings hacker transferred 800 ETH to Tornado Cash after two months of inactivity.
According to monitoring by Onchain Lens, the attacker behind the Pando Rings hack has reactivated after two months of inactivity, converting 3 million DAI into approximately 1,570 ETH via CoW Protocol, valued at around $3 million. The address then transferred 800 ETH (worth roughly $1.52 million) to Tornado Cash in eight separate transactions. Pando Rings suffered an oracle manipulation attack in November 2022, resulting in losses of approximately $20 million.
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Monad Foundation: Seeks to repurchase locked MON tokens from early investors at a discount, with almost no participation.
According to official announcements, the Monad Foundation recently completed a liquidity program. Under the initiative, the foundation offered select early Monad investors the opportunity to purchase their locked MON tokens at a discounted price reflecting the applicable four-year lock-up period. Any MON tokens acquired by the foundation through this program will remain subject to the same lock-up terms. The total maximum purchase amount for the program is $60 million. It is designed to provide an orderly liquidity exit route for early investors whose liquidity needs or investment goals have shifted, while upholding long-term interest alignment among remaining token holders. Nearly all contacted holders opted not to participate, and the program has now concluded. The Monad Foundation has never sold, offered to sell, or sought to sell any MON tokens via over-the-counter (OTC) transactions or other methods, and no related sale processes are currently in progress. Any claims to the contrary are untrue.
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