WAO ART #305

Investment firm Cyber Fund has launched a $100 million venture capital division to accelerate projects that combine blockchain technology and artificial intelligence. The firm, led by ETH investors, has already invested in over 150 projects, including Ethereum, Dfinity, Cosmos, Solana, and Celestia.

Bitcoin mining firm Iris Energy plans to double its hash rate to 10 exahashes per second by 2024 with the acquisition of new Bitmain T21 mining rigs. The company has ordered an additional 1.6 EH/s of miners, set for delivery in Q2 2024, adding to its current operational capacity of 5.6 EH/s.

Solana's meme coin, Bonk, has seen a surge of 134% in its market cap after its spot trading went live on Binance. The listing on Binance has added over $1 billion to Bonk's market cap, making it the third largest meme coin after Dogecoin and Shiba Inu.

The Philippines Securities and Exchange Commission (SEC) has given crypto platforms a three-month deadline to register or face a ban. The SEC's decision reflects its commitment to regulating the crypto industry and protecting Filipino investors. The deadline was extended from one month to three.

Somalia is set to sign a Treaty of Accession with the East African Community (EAC) today, bringing the country closer to joining the regional bloc. The treaty will be signed by Somalia's President Sheikh Hassan Mohamud and the Chairperson of the Summit of EAC Heads of State.

Canadian mining company Lundin Gold is focusing its exploration efforts in Ecuador on finding another major deposit. The company plans to increase the reserves of its existing Fruta del Norte gold mine and potentially construct a new mine if a similar deposit is discovered.

Australia is one step closer to acquiring nuclear submarines under the AUKUS security pact after the US Congress approved the sale of these submersibles to another country for the first time. The NDAA also allows for the transfer of military goods and technology between the AUKUS countries.