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13:16
a16z crypto: Blockchain drives finance towards a “cloud transformation,” Wall Street will enter the era of composable digital assets
ChainCatcher reports that Guy Wuollet, a general partner at a16z crypto, pointed out in his article that the financial industry is undergoing a "digital migration" similar to the era of cloud computing, and blockchain is becoming the core infrastructure driving this transformation. Wall Street's adoption of blockchain is not motivated by the concept of "decentralization," but rather by practical needs such as counterparty risk, settlement efficiency, and fair ordering mechanisms. The so-called “digital assets” essentially represent the migration of a financial system’s underlying architecture onto the chain, much like enterprise IT systems shifting from on-premises deployment to cloud services. When financial assets operate on programmable shared infrastructure, they unlock “composability”—a core advantage that allows assets to be freely combined and expanded like software. This dramatically reduces development costs and enhances overall innovation efficiency within the financial system. This trend will propel traditional finance from a “closed reconciliation system” to an “on-chain coordination network,” with blockchain technology gradually becoming a standard component at the foundational layer of financial infrastructure throughout the process.
13:12
Nvidia's latest financial report eliminates the gaming category, merging it into edge computing
Golden Finance May 21 | According to tech media TweakTown, NVIDIA has merged previously separately reported gaming business revenue into the "Edge Computing" category in its latest financial report, with a total of $6.4 billion (approximately 43.597 billion CNY). This change indicates that although the GeForce product line continues to be updated, the gaming business is no longer the company's core growth driver.
13:04
Crypto financial infrastructure Cycles completes $6.4 million seed round with participation from an exchange and others
Crypto financial infrastructure Cycles announced the completion of a $6.4 million seed round, led by Blockchange Ventures, with participation from an exchange, Compound VC, Primitive Ventures, and others. With this round, the total funding has reached $8.7 million. The company aims to build a private clearing network for the crypto market and seeks to improve capital efficiency through a "clearing network" mechanism. By leveraging zero-knowledge proofs and trusted execution environments to achieve multi-party net settlement, it aims to reduce counterparty risk and minimize liquidity usage.
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