This week, reports covered the reversal of Manus's acquisition and its return to independent operation, the hack targeting Harmony, and Kalshi's efforts to raise funding at a $22 billion valuation.
This feature covers developments in the AI sector, including reports that the proposed acquisition of Manus by Meta was reversed following a ban imposed by the U.S. Department of Commerce, with the transaction withdrawn and Manus returning to independent operation. ARR is said to be approximately $300 million, and the founder is reportedly hinting at launching a new venture. The report also highlights increased activity around computing power and data, including Riot's move to sign a major computing-power agreement with Anthropic and Paradigm's release of an RSI simulator.
It also covers the incident in which a vulnerability in Harmony's cross-shard receipt verification was exploited, resulting in more than 3 trillion ONE tokens being fraudulently issued and a sharp decline in the price. The incident has again drawn attention to cryptocurrency security and market confidence. Developments including an interview with Kalshi's CEO and views from other institutions are also presented, illustrating the growth and scale of trading markets centered on sports trading.