Japan Open Chain eyes B2B payments as EJPY plan takes shape

Japan Blockchain Foundation has announced plans to issue EJPY, a Japanese yen-pegged stablecoin, on Japan Open Chain and Ethereum. EJPY targets B2B settlements on Japan Open Chain, with Ethereum support planned from the start.EJPY launch terms and timing remain undecided pending regulatory reviews, trustee selection, and partner talks.JPYC, JPYSC, and bank pilots show Japans yen stablecoin market is becoming crowded fast now.  The foundation operates the consortium behind Japan Open Chain, an Ethereum-compatible Layer 1 public blockchain run by Japanese enterprises.  The group said EJPY is being prepared under a trust-type structure, with the foundation acting as settlor. It said talks with potential trustee businesses cover issuance, redemption, trust asset management, system needs, and legal compliance.  Meanwhile, EJPY is being prepared first for Japan Open Chain. The foundation said the token could support B2B settlements, digital asset settlements, remittances, and Web3 payments. It also said EJPY is “expected to generate transactions based on real demand,” a forward-looking claim that still depends on partners, users, and approvals.  Japan Open Chain is operated by 14 validators, including Dentsu, NTT Communications, G.U.Technologies, SBINFT, Pacific Meta, and Nethermind. The network says it plans to expand to 21 validators over time. Its native JOC Coin was listed on Zaif

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Baidus ERNIE 5.1 tops AI leaderboards, costs 94% less to train

Tech  Baidus ERNIE 5.1 tops AI leaderboards, costs 94% less to train  Baidu just did something that should make every AI lab reconsider its cloud computing budget. The companys ERNIE 5.1 model, launched on May 9, has climbed to fourth place globally on the Arena leaderboard and claimed the top spot among all Chinese AI models, with a score of 1,223.  The kicker: it got there while spending just 6% of what competitors typically burn on pre-training.  How Baidu pulled it off  The secret, according to Baidu, is what the company calls a “parameter efficiency” leap. ERNIE 5.1 reduced its total parameters by two-thirds compared to ERNIE 5.0, while only activating half of the remaining total size during inference.  The result has been independently validated as achieving flagship-level intelligence.  The timing is notable. Sino-US tech competition has intensified substantially, with US export controls on advanced chips forcing Chinese AI labs to squeeze maximum performance from constrained hardware. ERNIE 5.1‘s cost efficiency isn’t just an engineering flex. It‘s a strategic response to a geopolitical reality where access to cutting-edge Nvidia GPUs isn’t guaranteed.  The crypto angle: Ernie Chain and on-chain AI  Baidu hasn‘t launched a token for ERNIE 5.1 itself. But the company’s blockchain initiative, Ernie Chain, has been live

05-13

EU confirms OpenAI offers access to cybersecurity model, Anthropic lags behind

Tech  EU confirms OpenAI offers access to cybersecurity model, Anthropic lags behind  OpenAI is handing EU cybersecurity officials the keys to its latest AI defense tool. Anthropic, its closest competitor, hasnt made a similar offer, and European regulators have taken notice.  The European Commission confirmed that OpenAI committed on May 11, 2026, to provide access to GPT-5.5-Cyber, a specialized cybersecurity model, for evaluation and potential deployment by EU cyber defenders. Anthropic, meanwhile, has not extended access to its own advanced model, Mythos, creating a visible gap in how the two AI heavyweights are engaging with one of the worlds most powerful regulatory bodies.  What OpenAI is actually offering  GPT-5.5-Cyber is not just a marketing exercise with a security-themed name slapped on it. The model recently demonstrated its capabilities by completing a 32-step cyberattack simulation in 12 hours, suggesting it can model and anticipate complex attack chains that would take human teams considerably longer to map out.  The EU‘s interest in this kind of tool makes sense when you consider the scale of the problem it’s trying to solve. In the crypto industry alone, cyber threat-related costs exceeded $1.7 billion in 2025. This evaluation fits squarely within the framework of the AI Act, which mandates enhanced oversight

05-13

SanDisk (SNDK) Stock Soars to Record High Before Retreat — Is This a Buying Opportunity?

SanDisk shares peaked at a 52-week high of $1,600 during trading on May 11, ultimately settling at $1,547.56. The semiconductor manufacturer had posted an impressive 552% year-to-date return entering Mondays session, establishing itself as the top performer within the S&P 500 index.  However, Tuesday brought a different narrative.  SNDK plummeted approximately 8% during early May 12 trading, reaching an intraday bottom of $1,402.27. The catalyst was a Facebook post from Kim Yong-beom, South Koreas presidential chief of staff, suggesting the country implement a specialized tax on AI companies to support a “national dividend” program.  The proposal remains unofficial and lacks formal policy backing. Critics within South Korea have already condemned the concept as “dangerous and irresponsible.” Nevertheless, in an environment where SNDK commands elevated valuations following a 552% surge, the announcement provided sufficient reason for investors to lock in profits.  The broader storage industry experienced similar pressure. Micron and Western Digital both declined more than 3%, while Seagate dropped over 1%. Major indices also retreated, with the S&P 500 falling 0.87%, the Dow sliding 0.56%, and the Nasdaq declining 1.51%.  Core Business Performance Remains Strong  Tuesday‘s selloff didn’t alter the fundamental narrative. SanDisks datacenter segment posted a remarkable 233% sequential revenue increase in Q3 fiscal 2026

05-13

Brent Crude Rises On Supply Risks, Says Commerzbank

Tech  Brent Crude Rises On Supply Risks, Says Commerzbank  Analysts at Commerzbank have noted that Brent crude oil prices are currently being supported by heightened supply risks, according to a recent market commentary. The assessment points to a combination of geopolitical tensions and production uncertainties that are contributing to upward pressure on the benchmark.  Factors Behind the Supply Risk Assessment  Commerzbank‘s analysis focuses on several key factors that are tightening the global oil supply outlook. These include ongoing disruptions in key producing regions, potential sanctions impacts, and voluntary production cuts by major exporters. The bank’s commodities research team emphasizes that while demand-side concerns remain, the immediate price driver is the supply side.  The assessment comes amid a period of relative volatility in energy markets, where traders are weighing the risk of supply shortfalls against a global economic backdrop that could dampen consumption. Commerzbanks view aligns with a broader market sentiment that the balance of risks is tilted toward higher prices in the near term.  Implications for the Energy Market  The supply risk premium is not a new phenomenon, but its current prominence reflects specific events. Recent geopolitical developments have raised the possibility of further disruptions to crude flows from the Middle East and other key export routes.

05-13

Bank of Montreal sells truck and trailer financing business to Stonepeak for C$14.5B

Tech  Bank of Montreal sells truck and trailer financing business to Stonepeak for C$14.5B  The Bank of Montreal is parting ways with its truck, trailer, and equipment financing business in a C$14.5 billion cash deal with Stonepeak, the New York-based infrastructure investment firm. BMO announced the sale on May 11, 2026, from both New York and Toronto. The deal covers BMOs Transportation Finance and Vendor Finance businesses. BMO will retain a 19.9% minority stake post-close.  The transaction is structured as an all-cash acquisition at approximately C$14.5 billion. Financing for the acquisition is being led by PGIM, the investment management arm of Prudential Financial, which is handling the asset-based financing component. Bank of America is serving as the lead arranger on the deal. The deal is expected to close in the fourth quarter of 2026, pending regulatory approvals. BMO is the eighth-largest bank in North America by assets.  Stonepeak manages over $58 billion in assets under management as of early 2026 and has been expanding its portfolio in the infrastructure sector.  By selling these units for C$14.5 billion in cash, BMO frees up capital that can be redeployed into higher-priority areas. The retained 19.9% stake is structured just below the 20% threshold that would typically require

05-13

Tether’s Paolo Ardoino Makes Case for Small On-Device Translation Models

Tether CEO Paolo Ardoino has turned the spotlight on a very different corner of artificial intelligence: translation that happens entirely on-device, without sending sensitive text to the cloud.  In a recent post, Ardoino framed the issue around privacy, speed, and practicality. His point was simple enough, but it touches a problem that millions of users encounter every day. When someone translates a medical note, a private message, a legal contract, or even a personal journal entry through a cloud service, that text leaves the device and enters someone elses infrastructure.  In many cases, users do not fully know where the data goes, how long it is retained, or who may be able to access it. Ardoino argued that this is not just a theoretical concern, but a real one, especially in use cases where confidentiality matters.  According to Ardoino, the answer is not to rely on larger and larger general-purpose AI models. Instead, he argued that translation is one of those jobs where small, dedicated models can beat “Goliath.”  In his view, if the task is translating one language into another, there is no need to use a massive model that can also write poems, summarize articles, and perform a dozen unrelated tasks. For

05-13

Pi Network comeback stalls as KYC update meets weak PI price

Pi Network has returned to market attention after its team shared a new Know Your Customer update. PI reclaimed top-50 attention as KYC progress met weak price action and fresh supply concerns.Over 18.1 million users passed KYC, but tentative checks still keep some Mainnet migrations pending.Crypto.news data shows PI near $0.17, with weekly losses still keeping traders cautious for now.  The project said more than 18.1 million users have passed native KYC checks, while over 16.7 million Pioneers have moved to Mainnet. The update gives the network a new user-growth figure at a time when PI is trying to recover from recent price weakness.  The team has often linked KYC to its “one person, one account” model. The goal is to limit bots, fake users, and duplicate accounts before balances move to Mainnet. That system remains central to Pi Networks pitch as a large identity-verified blockchain community.  Tentative KYC keeps user concerns alive  The latest update also addressed users stuck in Tentative KYC. The team said this status “does not mean rejection”, but means some accounts need more checks before approval. That claim may ease some concerns, but it does not remove the long wait faced by users who say they have remained in

05-13

MoonPay acquires Dawn Labs to enhance AI trading capabilities

Tech  MoonPay acquires Dawn Labs to enhance AI trading capabilities  MoonPay just bought an AI research lab and immediately shipped a product that lets you type a trading strategy in plain English and have it execute autonomously.  The acquisition of Dawn Labs, announced on May 11, brings applied AI research directly into MoonPays infrastructure. Dawn Labs founder Neeraj Prasad is joining as Chief Engineer of MoonPay Labs.  What Dawn CLI actually does  The centerpiece product launching alongside the acquisition is Dawn CLI, a tool that converts natural language trading instructions into live, automated trades. You describe what you want to do in a sentence, and the system handles the research, writes the code, and executes the strategy for you.  The pipeline works in four stages. First, a user inputs a trading idea in plain text. Then the system conducts automated research on the relevant market conditions. From there, it generates the trading code. Finally, it handles live execution.  The initial launch targets Polymarket, the prediction market built on the Polygon blockchain. MoonPay is positioning this squarely at users who lack programming skills or deep quantitative expertise.  Plans are already in place to expand beyond Polymarket to additional exchanges and asset classes, though no specific timelines or platform names

05-13

GitLab cuts jobs to invest in AI agents market opportunity

Tech  GitLab cuts jobs to invest in AI agents market opportunity  GitLab is laying off employees and restructuring its entire organization to chase the AI agents gold rush. CEO Bill Staples framed the move as a strategic reinvestment, channeling the savings from workforce reductions into what the company calls an “AI agents push.”  The company is reorganizing its R&D division into 60 teams, flattening management layers, and cutting its operational footprint by 30%.  What GitLab is actually doing  GitLab plans to deploy AI agents internally to automate reviews, approvals, and other processes that currently require human judgment. The idea is that by dogfooding its own AI tools, GitLab can refine them before selling them to its customer base of software development teams.  The bigger picture: AI as the justification for layoffs  GitLab is far from the only tech company wielding AI as the rationale for workforce reductions. Amazons CEO has acknowledged that recent tech layoffs have been more about adapting company cultures and correcting post-pandemic bloat than about robots replacing humans.  Experts note that current AI capabilities are most effective at automating repetitive, low-skilled tasks, while complex engineering work remains firmly in human territory for now.  What this means for investors  GitLab competes with GitHub, which has the backing of

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