MSB INTEL

Google cuts quantum errors 40x with magic state cultivation on Willow

Google published findings in Science showing its Willow quantum processor achieved a 40-fold reduction in errors through magic state cultivation, a technique for improving quantum computation reliability.

The breakthrough demonstrates that error correction scales favorably as more qubits are added, moving closer to practical quantum systems. Magic state cultivation involves preparing specialized quantum states to reduce computational mistakes.

This work advances the path toward fault-tolerant quantum computing, where systems can run longer algorithms with acceptable error rates.

Site · Follow

The 10 biggest stories of the day:

1. Mastercard launches the Global Money Platform with BVNK, combining fiat and stablecoin accounts with card….
2. Safe launches Safenet Aegis, its first production-ready and fee-generating decentralized security protocol,….
3. Crypto hacks hit $1.18 billion across 107 incidents in Q3, led by exploits at Bitget and Liquid, according to….
4. Stack Infrastructure, backed by Blue Owl, seeks an A$8.6 billion loan for data center expansion amid a….
5. The UK Financial Conduct Authority plans to deploy AI to automate financial regulation, setting out its….
6. Brooklyn prosecutors and the FBI dismantle a crypto fraud network targeting Russian speakers, seizing 241….
7. Ripple Prime enables institutional clients to trade and settle RWA swaps against over 100 reference markets,….
8. Arbitrum launches its Stablecoin Growth Program for apps making USDG their primary stablecoin, with a 2M ARB….
9. Centrifuge tokenizes New York Life Investment Management's actively managed U.S.
10. TSMC posts a record quarter as Nvidia, Apple, Broadcom and AMD compete fiercely for its wafer capacity.
All covered live on the desk today.

Site · Follow

Tron greenlights $200M ATM offering for TRX buying spree

Nasdaq-listed Tron authorized a $200 million at-the-market offering to accelerate its TRX token acquisitions. The company currently holds $237 million in TRX within its treasury.

The capital raise will supplement ongoing daily accumulation efforts. Tron plans to deploy the proceeds directly toward additional token purchases, expanding its existing holdings.

Site · Follow

SK Hynix trades China equipment access for US factory commitment

SK Hynix subsidiary Solidigm filed for U.S. export approval to send chipmaking equipment to its existing China facility. The move conditions approval on the company's plan to construct a new NAND flash memory factory on American soil.

The arrangement reflects the chip industry's ongoing balancing act between access to Chinese manufacturing operations and meeting U.S. onshoring requirements. SK Hynix operates significant production capacity in China and holds strategic interests in expanding U.S. manufacturing presence simultaneously.

Site · Follow

TSMC hits record quarter as chip giants battle for wafers

TSMC delivered record results while Nvidia, Apple, Broadcom and AMD compete intensely for its limited production capacity. The Taiwan semiconductor manufacturer faces sustained demand pressure from all four major customers seeking wafer allocation for AI and consumer processors. Despite strong financial performance, TSMC cannot fulfill all orders at current production levels, forcing customers into direct competition for manufacturing slots. The capacity crunch underscores the critical bottleneck in the semiconductor supply chain as AI deployment accelerates globally.

Site · Follow

New York Life's bond strategy goes onchain via Centrifuge

Centrifuge has tokenized New York Life Investment Management's actively managed U.S. high-yield corporate bond strategy on Stellar as $HYB, with the freely transferable $deHYB token serving as collateral across DeFi lending and fixed-rate markets.

The token opens institutional credit exposure to decentralized finance, allowing the bond strategy to function as a building block across multiple DeFi primitives. $deHYB holders gain access to actively managed high-yield corporate bonds previously confined to traditional finance channels.

This marks institutional-grade fixed income entering Stellar's ecosystem as a transferable, composable asset.

Site · Follow

Arbitrum opens stablecoin growth program with 2M ARB prizes

Arbitrum launched its Stablecoin Growth Program for apps adopting USDG as their primary stablecoin. Eligible teams need $1M in existing stablecoin balances and can earn performance-based incentives plus ecosystem support.

The first 10 teams to reach $10M USDG TVL split a 2M ARB prize pool. Applications are open now.

Site · Follow

Ripple Prime launches 24/7 RWA swap trading for institutions

Ripple Prime now enables institutional clients to trade and settle real-world asset swaps against 100+ reference markets around the clock. Cross-margining works across asset classes through a single counterparty relationship with centralized risk management.

The platform operates 24/7, removing traditional market hours restrictions on RWA derivative settlement. Institutions get unified exposure across multiple asset classes under one risk framework.

Site · Follow

Venture Global eyes AI data center power with 10 GW gas deal

Venture Global has signed agreements with GE Vernova and Baker Hughes to deploy 10 gigawatts of off-grid gas-fired power generation.

The liquefied natural gas exporter is pivoting into power infrastructure, targeting data centers hungry for reliable baseload electricity. The plants will operate independently from grid infrastructure.

GE Vernova and Baker Hughes will supply turbines and equipment for the buildout. This represents a major bet that AI computing demand will drive sustained need for natural gas power outside traditional utility grids.

Site · Follow

Q3 crypto hacks surge to $1.18 billion across 107 incidents

Bitget and Liquid suffered major exploits, leading the quarter's losses. Hacken's analysis shows compromised suppliers, developer tools, and unaudited infrastructure accounted for 77% of total theft amounts.

The remaining 23% came from direct smart contract vulnerabilities and user-facing attack vectors. This pattern indicates ecosystem-wide exposure beyond individual platform security measures.

Site · Follow · Article

Cboe opens options trading beyond market hours starting Monday

Cboe launches extended-hours options trading for 24 major US stocks and five ETFs, adding premarket and after-hours sessions starting Monday.

The move covers blue-chip equities and broad-based ETFs, allowing options traders to execute strategies outside the standard 9:30 AM-4:00 PM ET window.

Extended-hours options trading reduces gaps between market close and open, letting traders hedge positions or adjust exposure when news breaks overnight.

Site · Follow

Brooklyn prosecutors and FBI dismantle Russian-language crypto fraud ring

Federal authorities seized 241 websites and 112 servers operating the scheme. The network targeted Russian-speaking victims through coordinated fraud operations. Prosecutors in Brooklyn partnered with the FBI to identify and shut down infrastructure across multiple jurisdictions.

The takedown represents one of the largest coordinated actions against crypto-specific fraud targeting a linguistic community. Victims lost significant sums to fake investment platforms and related schemes before the operation concluded.

Site · Follow

Safe launches Safenet Aegis, first fee-generating decentralized security protocol

Production-ready release now live across Ethereum, Arbitrum, and Gnosis Chain. Users submit transactions to Safenet for a small fee. Sentinels from OpenCover, BlockSec, Candide Labs, and IntentGuard review each transaction and remain accountable for their verdicts. Validators including Gnosis, Greenfield Capital, Safe Labs, and Core Contributors attest verdicts onchain. A formally verified Safenet Guard enforces attestations, defending user accounts against threats.

The protocol secures self-custody via $SAFE token backing. Coming soon to Safe Labs multisigs. 🔐

Site · Follow · Article