Techub News - Hong Kong Web3 Media

Techub News reports that the U.S. Congress is reviewing a proposal that considers allowing banks to hold cryptocurrencies and issue stablecoins. The proposal aims to provide a clear legal framework for traditional financial institutions to participate in the digital asset space, potentially accelerating the institutional adoption of cryptocurrencies. If the proposal is passed, banks will be able to directly custody customers' crypto assets and issue stablecoins pegged to fiat currencies such as the U.S. dollar, which could impact the stability of the digital asset market and the valuation of assets such as Bitcoin. (Crypto Briefing)

Techub News reports that market data shows Bitcoin price breaking through $86,000, currently at $86,346, a 24-hour increase of 3.19%. (HashKey)

Techub News reports, OKX has announced the launch of QUANTUSDT perpetual contract trading. Quant Network is dedicated to building programmable money infrastructure, connecting banks, blockchain, tokenized deposits and traditional payment channels through Overledger and QuantNet.

Techub News reported that the South Korean cryptocurrency exchange Bithumb announced the addition of a new US-KRW trading market.

Techub News reports, AI is reshaping the entertainment industry, and Vermillio is addressing the challenges of control and payment for creators' works and portraits in the AI era through technology. The company has introduced technology aimed at tracking and licensing AI-generated content. Dan Neely, co-founder and CEO of Vermillio, discussed the related progress on the 'Bloomberg Tech' show. (Bloomberg Technology)

Techub News reports that George Strompolos, CEO and co-founder of AI-native entertainment studio Promise, stated that generative AI technology can be applied throughout the entire process of development, production, and visual effects, reducing the cost of some animation projects by more than 50% and enabling small teams to produce larger-scale works. (Bloomberg Technology)

Techub News reports that market data shows the price of Bitcoin broke through $85,000, currently quoted at $85,000, with a 24-hour increase of 1.22%. (HashKey)

Techub News reports, according to The Wall Street Journal, that OpenAI has fired three security researchers related to a data leak incident. These dismissals highlight ongoing challenges in artificial intelligence security and governance, potentially impacting industry trust and triggering regulatory scrutiny. (Crypto Briefing)