Web3

Home Web3 Page 123

Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP ‘Unexpected’ – Decrypt

Grayscale Calls SEC Trading Pause on ETF Holding Solana, XRP ‘Unexpected’ – Decrypt



In brief

The SEC this week paused an order approving the trading of a Grayscale ETF containing Solana, XRP, Cardano, alongside Bitcoin and Ethereum.
Grayscale told Decrypt that the decision was “unexpected.”
The SEC is weighing applications from multiple altcoin ETFs.

Crypto asset manager Grayscale called the U.S. Securities and Exchange Commission’s decision to halt the release of its Digital Large Cap Fund “unexpected” in an email to Decrypt Thursday. 

The firm said that the Wednesday decision by the regulator—which surprised industry observers—was evidence of a changing regulatory landscape. 

“While this development was unexpected, it reflects the dynamic and evolving nature of the regulatory landscape surrounding a first-of-its-kind digital asset product like GDLC,” Grayscale said.

The SEC had fast-tracked the conversion of Grayscale’s GDLC fund, which focuses on Bitcoin but would give investors exposure to Ethereum, Solana, XRP, and Cardano, into an exchange-traded fund. But the regulator also attached a note saying it would not yet allow the product to start trading. 

Grayscale added: “Grayscale remains committed to pursuing the listing of GDLC as an exchange-traded product and we are working closely with key stakeholders to meet all necessary requirements. We will provide further updates as additional information becomes available.”

Grayscale’s Large Cap fund is modeled on the CoinDesk 5 Index, which measures the performance of the five largest and most liquid digital assets. Bitcoin composes more than 80% of the fund’s holdings. Around 11% of the ETF’s assets are in Ethereum, with 2.8% in Solana, 4.8% in XRP, and 0.8% in Cardano, according to the SEC filing.



Although the SEC rejected multiple spot Bitcoin ETF applications for more than a decade, the regulator acted relatively quickly in broadening investors’ access through GDLC. It approved Grayscale’s application a day before it faced a deadline for its decision, while in the past, it had rejected Grayscale’s applications at the last minute.

GDLC aims to trade as a full-fledged ETF on NYSE Arca. Among Grayscale’s funds, the asset manager has previously converted its Bitcoin and Ethereum trusts. As closed-end funds, the products traded at a discount or premium relative to the value of their underlying holdings, due to supply and demand imbalances that stemmed from the funds’ structures.

The SEC signaled on Tuesday that it’s receptive to funds that devote most of their funds toward established cryptocurrencies like Ethereum and Bitcoin, with others in the mix, but it has yet to greenlight ETF applications that focus solely on smaller altcoins. 

Grayscale sued the SEC over repeated denials to convert its Grayscale fund into a full-fledged ETF in 2023. Its courtroom victory, in which an appellate court took issue with the regulator’s logic for denials, contributed to the SEC’s approval of spot Bitcoin ETFs last year.

Those BTC funds have debuted to dramatic success, generating nearly $50 billion in investments. Spot Ethereum funds have netted about $4 billion in assets. 

Edited by James Rubin

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Spheron X SINT: Empowering Synthetic Intelligence Agents with Scalable

Spheron X SINT: Empowering Synthetic Intelligence Agents with Scalable


We’re excited to announce a partnership between Spheron Network and SINT — a revolutionary platform building the agent economy on top of AI and Web3. SINT enables users to create, train, and monetize synthetic intelligence (SINT) agents that operate autonomously across decentralized ecosystems. Together, Spheron and SINT are shaping the future of agentic AI, where infrastructure, ownership, and intelligence are open and user-driven.

The Problem

As synthetic agents and AI tools proliferate, developers and users face several barriers:

High costs for training and running LLMs

Centralized control over compute and agent environments

Lack of interoperability across chains

Complex deployment and orchestration of agents in the wild

These issues restrict innovation and favor institutions over individuals. Without affordable infrastructure and Web3-native tooling, the vision of widespread, autonomous AI agents remains out of reach.

The Solution: SINT

SINT is building a decentralized platform for creating, evolving, and deploying autonomous agents. With core partners like SophiaVerse, AgentVerse, Fetch.ai, and SingularityNET, SINT is focused on creating an open, cross-chain framework where synthetic agents:

They are fully customizable by their users

Can train on custom data and contexts

Participate in on-chain economies

Compete and collaborate in gamified environments

Its tech stack includes:

Model Context Protocol (MCP) – standardizes agent context storage and updates

OAuth + Delegated Wallets – secure multi-agent interactions

Reputation Marketplace – agents earn trust and visibility over time

Gamified Training – real-time evolution of agents via feedback loops

Spheron Network’s Contribution

Spheron will power SINT’s agent compute layer with decentralized GPU resources. Every training session, AI workflow, or agent deployment requires serious compute muscle—and that’s where Spheron excels.

Here’s what Spheron brings to the table:

Permissionless access to GPUs for training and fine-tuning agents

Scalable backend infra for deploying agents in real-world dApps

Reliable performance with cost savings of up to 80%

Integration with Spheron Skynet to enable AI agents that evolve, adapt, and communicate autonomously

Partnership Details

SINT will integrate Spheron to handle model training, agent simulations, and live inference.

Spheron will support MCP agents with fast and flexible compute, available on demand.

Future roadmap includes launching a SINT x Spheron-powered “Agent Arena” for AI agent battles and competitions, driven by real-time GPU workloads.

Why This Partnership Matters

This is a foundational step toward democratizing synthetic intelligence. The future of AI isn’t centralized in the hands of a few. It’s decentralized, community-owned, and permissionless. With SINT’s modular agent framework and Spheron’s unstoppable infrastructure, anyone can build and own intelligent agents that work for them, not just for corporations.

Together, we’re building toward a future where you don’t just use AI—you train it, own it, and evolve with it.



Source link

6G AI Sweden AB Launches Sovereign AI Infrastructure in Sweden | Web3Wire

6G AI Sweden AB Launches Sovereign AI Infrastructure in Sweden | Web3Wire


STOCKHOLM, SE / ACCESS Newswire / July 3, 2025 / 6G AI Sweden AB today announced the commercial launch of new sovereign AI Infrastructure in Sweden, a transformative technology project that positions Sweden at the forefront of artificial intelligence with the ability to provide complete data confinement within national borders.

The AI Cloud facility is strategically located in atNorth’s SWE01 data center in Stockholm’s Kista technology district. It is fully aligned with the NVIDIA reference architecture for optimal performance and delivers direct access to NVIDIA H200 GPUs. 6G AI Sweden AB has previously signed an agreement to purchase Nvidia GPUs at a total value of SEK 2.1 billion.

6G AI Sweden is leveraging Nvidia AI Enterprise suite, Nvidia AI Blueprints, Use Cases and pre-trained models and is providing Swedish organizations with computational capabilities previously accessible only through foreign-controlled infrastructure, which represents an important goal for European technological independence.

“Sweden has consistently led global technological transformation, from telecommunications to digital innovation,” stated M.A. Zaman, Founder and Chairman of 6G AI Sweden AB. “Our AI Infrastructure extends this legacy, providing Swedish companies with world-class AI capabilities whilst maintaining absolute data sovereignty – a critical consideration for enterprises navigating an increasingly complex geopolitical landscape.“

The initiative has attracted distinguished industry leaders to its board. Johnny Svedberg, a telecommunications veteran with over three decades of experience at Tele2, Arelion (Previously Telia Carrier) and Indosat Ooredoo, brings invaluable expertise in building critical national infrastructure. “Having spent my career architecting telecommunications networks that became the backbone of Sweden’s digital economy, I see the AI Cloud facility as the next critical step in national infrastructure,” commented Svedberg. “This sovereign AI capability will prove as transformative for Swedish competitiveness as the mobile network technology has been for Sweden globally.”

Comprehensive AI Services Portfolio

6G AI Sweden’s comprehensive services portfolio encompasses three distinct offerings designed to accelerate AI adoption across Swedish industry.

• Infrastructure tier:

Bare metal access to NVIDIA H200 GPUs, with VMs, secure storage and connectivity.

• Development tier:

6G AI Use Case Dev Kit helps Product and Process Development teams implement enterprise applications faster through APIs, SDKs, and access to NVIDIA AI Enterprise suite, NVIDIAAI Blueprints, Use Cases and pre-trained models.

• Solutions tier:

Turnkey AI applications for immediate business deployment, including code free, automated implementation of Agentic AI across domains.

“The convergence of AI and traditional industry represents Sweden’s greatest opportunity in decades.” noted Thomas Ekman, newly appointed board member with extensive experience from the Nordic Industry and technology transformation.” Our sovereign AI infrastructure ensures that Swedish enterprises can embrace this transformation without compromising data integrity or regulatory compliance; considerations that have become paramount not only for financial institutions and regulated industries, but for all companies and institutions regardless of industry.“

EU Regulatory compliance and Sustainability focus

The 6G AI Sweden facility operates under full compliance with GDPR requirements, with all data processing occurring within Swedish jurisdiction. Compliance with the EU AI Act ensures that AI systems are safe, transparent, ethical, and respect human rights.

The operation addresses growing concerns amongst European enterprises regarding data sovereignty and regulatory compliance.

Environmental sustainability is a crucial part of 6G AI Sweden’s strategy. The Kista facility operates exclusively on renewable energy sources and leverages atNorth’s heat recovery system, returning surplus heat directly into Stockholm’s district heating network.

Anders Fryxell, Chief Sales Officer at atNorth, added: “Our partnership with 6G AI Sweden demonstrates that nations need not compromise between technological advancement and sustainability commitments. The infrastructure we have deployed represents the future of responsible AI development.”

About 6G AI Sweden AB

6G AI Sweden AB pioneers sovereign AI infrastructure solutions, enabling Swedish enterprises to develop artificial intelligence capabilities whilst maintaining complete data sovereignty and regulatory compliance.

The initiative forms part of 6G AI Sweden AB’s broader strategy to establish Sweden as a global centre of excellence for AI development and deployment, with expansion plans already underway to scale capacity in response to anticipated demand.

Johan Dennelind, former International Telecom CEO and Strategic Advisor to 6G AI Sweden AB says: “It’s about time that companies looking to use the best of AI, also can buy this service locally from a trusted partner. 6G AI offers a unique set of services that we know are in high demand in Sweden and other countries, partly because it’s state of the art technology and AI services from Nvidia, but also because it is local, safe and secure. This is secure digital sovereignty, here and now.”

Contact 6G AI Sweden AB:

Conny KarlssonChief Operating OfficerEmail: [email protected]Phone: +46 70 710 7908

SOURCE: 6G AI Sweden AB

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



Source link

SEC Hits Pause on Grayscale’s XRP, Solana and Cardano ETF Conversion – Decrypt

SEC Hits Pause on Grayscale’s XRP, Solana and Cardano ETF Conversion – Decrypt



In brief

The SEC has indefinitely paused an order approving the trading of a Grayscale ETF containing Solana, XRP, and Cardano alongside Bitcoin and Ethereum.
On Tuesday, the agency fast-tracked the conversion of a Grayscale fund containing altcoin exposure, GDLC, into an ETF.
Analysts said the SEC may want to issue guidelines for approving crypto ETFs before greenlighting Grayscale’s product.

Put away those champagne bottles—the SEC hasn’t greenlit trading for a Grayscale ETF focused not just on Bitcoin and Ethereum, but also altcoins including XRP, Solana, and Cardano… at least, not quite yet. 

On Tuesday, the Wall Street regulator issued an order finding that it had good cause to approve ETF conversion for the Grayscale product, dubbed the Grayscale Digital Large Cap Fund (GDLC), on an accelerated basis. 

Quietly attached to the order, however, was a letter from SEC leadership staying, or pausing, the order indefinitely, “until the Commission orders otherwise.” Bloomberg ETF analyst James Seyffart was the first to point out the fine print on Wednesday afternoon.

So—the GDLC was approved, but not really, or at least not yet? What gives? 

A few theories are floating around Wall Street. Seyffart himself said that, potentially, the SEC did not want to deny Grayscale’s GDLC ETF application before today’s deadline, but is also currently developing an internal framework for issuing digital asset ETFs, and doesn’t want to approve Grayscale’s fund until the framework is ready for showtime. 

Eric Balchunas, another top ETF analyst at Bloomberg, concurred with this reading of events. 

While the SEC has approved Bitcoin and Ethereum spot ETFs, it has yet to approve other altcoin spot ETFs including those trading Solana, XRP, and Cardano. Analysts estimate the agency is almost certain to approve such crypto products by the end of the year, though. 

When reached by Decrypt, an SEC spokesperson declined to comment on the approval stay or why it was ordered, stating the agency does not comment on any individual funds under its purview.

Grayscale did not immediately respond to Decrypt’s request for comment on the development.

Another theory as to why the SEC approved the product in one agency document, and then pressed pause on the approval in another, centers on internal politics at the regulator. The approval order greenlighting GDLC, which was wholehearted in its finding that the fund should be fast-tracked for imminent trading, came from the SEC’s Division of Trading and Markets. 

It’s possible, Seyffart posited Wednesday, that another division of the agency pushed back on the approval and wants to tweak elements of the product before it can trade.



Grayscale’s GDLC fund is currently trading as a closed-end fund. It is comprised of nearly 80% Bitcoin exposure, roughly 12% Ethereum exposure, and less than 5%, 3%, and 1% exposure to XRP, Solana, and Cardano, respectively.

The SEC is currently weighing whether to convert that fund into an ETF. 

“[GDLC] can’t convert yet but it will,” Seyffart said Wednesday. “We just don’t know when and we don’t exactly know why the SEC issued this ‘stay’ order.”

Edited by Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

Spheron x Huddle01: Decentralizing Real-Time Communication Infrastruct

Spheron x Huddle01: Decentralizing Real-Time Communication Infrastruct


Spheron Network is proud to announce its partnership with Huddle01, a decentralized communication platform powering audio and video infrastructure for Web3-native teams, communities, and builders. As AI-powered applications and virtual collaboration surge, a scalable and decentralized communication infra has become a critical need. Together, Spheron and Huddle01 aim to decentralize the future of communication by combining real-time video/audio infra with GPU-powered compute infrastructure.

The Problem

Traditional communication platforms are heavily centralized. They depend on costly cloud services, lack transparency, and restrict scalability. Centralized control also introduces risks such as surveillance, censorship, and downtime. As AI agents, dApps, and communities demand secure, high-quality, and low-latency communication, the current model falls short—especially in mission-critical environments like DAO coordination, metaverse events, and global hackathons.

The Solution: Huddle01

Huddle01 has built a fully decentralized, real-time communication layer for the internet. It provides developers and users with access to peer-to-peer audio/video communication that runs on a permissionless network. From DAOs hosting governance calls to developers integrating secure video chat into their dApps, Huddle01 enables next-gen, censorship-resistant collaboration tools—without relying on Big Tech infrastructure.

Key features include:

SDKs to integrate audio/video into any dApp

WebRTC-based p2p media streaming

Permissionless room creation

Decentralized relay and media nodes

Spheron Network’s Contribution

Spheron provides Huddle01 with decentralized, cost-effective compute power to scale its communication infrastructure globally. By tapping into Spheron’s network of distributed GPU resources, Huddle01 ensures low latency, high reliability, and affordable performance—while avoiding centralized bottlenecks.

Spheron offers:

On-demand GPU/CPU compute for real-time media workloads

Lower operational costs (up to 80% savings vs. cloud)

Geographic diversity through decentralized node providers

Plug-and-play scaling for demand surges during events

Partnership Details

Huddle01 is integrating Spheron’s decentralized GPU infra to power backend compute for video/audio workloads.

Spheron will support high-throughput processing needs for events, calls, and SDK-driven features.

Future integration with Spheron Skynet will enable AI agents to participate in real-time audio rooms—automating DAO voting, AI-generated content sharing, and bot-driven discussions in Huddle01 spaces.

Why This Partnership Matters

This collaboration is a major step toward a censorship-resistant, cost-efficient communication stack. In an AI-first, agent-powered future, communication won’t just be human-to-human. Autonomous agents, decentralized tools, and smart contracts will all need to “talk.” Huddle01 and Spheron are laying the foundation for that future—one where compute and communication are both open, secure, and unstoppable.



Source link

SharpLink earns $540K in rewards after staking entire Ethereum portfolio of nearly 200k ETH

SharpLink earns 0K in rewards after staking entire Ethereum portfolio of nearly 200k ETH


SharpLink, Ethereum’s largest publicly traded holder, has expanded its ETH position, according to a July 1 statement.

Between June 23 and June 27, the company acquired an additional 9,468 ETH for approximately $22.8 million, bringing its total Ethereum holdings to 198,167 ETH, valued at $485 million.

According to DropsTab data, the firm’s unrealized loss is more than $34 million based on the current prices of the digital asset.

SharpLink's Ethereum Portfolio Value
SharpLink’s Ethereum Portfolio Value (Source: DropsTab)

However, the firm is thawing the pains of losses with the revenue it generates from staking its assets.

As of June 30, SharpLink has deployed all its ETH reserves into staking protocols. In the week spanning June 21 to June 27 alone, the company earned 102 ETH in staking rewards.

Since launching its staking strategy, SharpLink has generated 222 ETH, which is valued at approximately $540,000.

Joseph Lubin, SharpLink Chairman and co-founder of Ethereum, emphasized the broader significance of this move, saying:

“We are entering a new era where digital assets like Ethereum are no longer speculative instruments – they are fast becoming the strategic currency of the modern digital economy.”

New ‘ETH Concentration’ metric

To improve transparency and track the company’s Ethereum-related performance, SharpLink has introduced a new reporting metric, “ETH Concentration.”

Notably, this metric borrows from the “BTC Yield” key performance indicator (KPI) adopted by Bitcoin-centric companies like Metaplanet and Strategy (formerly MicroStrategy).

The ETH Concentration metric is calculated by dividing the total ETH held by 1,000 assumed diluted shares outstanding. The calculation includes actual shares, shares from warrants, stock options, and restricted stock units, but excludes share buybacks and vesting restrictions.

Since June 13, when SharpLink first disclosed its Ethereum accumulation strategy, the ETH Concentration metric has risen from 2.00 to 2.35 ETH per 1,000 diluted shares as of June 27—a 17.7% increase.

Meanwhile, SharpLink has appointed Elevate IR as its record investor relations agency in a related development. The firm will support SharpLink in shaping its financial communications and investor engagement efforts.

Rob Phythian, CEO of SharpLink Gaming, highlighted the partnership as a crucial step in maintaining transparency, saying:

“Ethereum is more than a treasury asset – it’s the financial foundation for what we believe will become the next generation of capital management and online gaming infrastructure.”

Mentioned in this article



Source link

Radio Free Hub City Unveils “The Smithsburg Bugle,” A Monthly Hyper-Local Publication | Web3Wire

Radio Free Hub City Unveils “The Smithsburg Bugle,” A Monthly Hyper-Local Publication | Web3Wire


Radio Free Hub City launches local news publication for Smithsburg, Maryland

SMITHSBURG, MD – Today, Radio Free Hub City is proud to announce the launch of The Smithsburg Bugle, the first installment in a growing family of hyper-local publications dedicated to the communities of Washington County, Maryland. Available now in digital form and slated for print later this year, The Smithsburg Bugle revives the spirit of the beloved Smithsburg Trumpet with a modern platform that keeps neighbors connected.

This debut joins Hub City Unplugged, Radio Free Hub City’s print edition of regional news-distributed at no cost at key local events-extending the outlet’s free, community-driven journalism to both town and county audiences.

Readers can explore the inaugural issue of The Smithsburg Bugle at:🔹 https://smithsburg.rfhcnews.com/

The full Radio Free Hub City publication portfolio can be viewed at:🔹 https://www.rfhcnews.com/

“Launching The Smithsburg Bugle marks a milestone in our mission to deliver truly local journalism,” said Ken Buckler, President of Radio Free Hub City. “As the first of several planned town-focused publications, the Bugle will complement our existing Hub City Unplugged print edition, ensuring that every corner of our region has news that resonates with its residents.”

Features of The Smithsburg Bugle include community news, events, and a look at historical and cultural events from the area. The Smithsburg Bugle will also provide an excellent opportunity for hyper-local advertising, as well as increased engagement from area residents seeking free copies of the publication from distributing businesses.

Digital subscribers enjoy free, unlimited access today; print edition distribution logistics is still in the works, and will be distributed in partnership with local businesses in Smithsburg. In keeping with Radio Free Hub City’s strict no-paywalls policy, all Smithsburg Bugle content remains freely accessible online.

Radio Free Hub City invites Smithsburg civic groups, organizations, and residents to share news tips, story ideas, and event listings. Stay tuned for upcoming hyper-local editions covering other towns-because every community deserves its own local news.

Radio Free Hub City20338 Trovinger Mill RoadHagerstown, MD 21740

Content Manager and Community Submissions:Melissa Bucklernews@radiofreehubcity.com

Advertising:Christine Boringadvertising@radiofreehubcity.com

President/Editor:Ken Bucklerkbuckler@radiofreehubcity.com

Radio Free Hub City is a locally owned and operated news outlet based in Hagerstown, Maryland. Covering community, regional, and national stories, RFHC provides free, open access to timely journalism-without sensationalism or paywalls.

This release was published on openPR.

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



Source link

Figma Eyes Further Bitcoin Exposure in Run-Up to Hopeful NYSE Debut – Decrypt

Figma Eyes Further Bitcoin Exposure in Run-Up to Hopeful NYSE Debut – Decrypt



In brief

Figma filed to go public on the NYSE under the ticker “FIG.”
It disclosed a $55 million investment in a Bitcoin ETF managed by Bitwise.
The IPO filing comes more than a year after Adobe’s failed acquisition of Figma.

Design software giant Figma revealed Tuesday it has been holding onto a multi-million-dollar Bitcoin investment for more than a year, marking a surprising move for the San Francisco-based firm as it seeks a public debut on the New York Stock Exchange.

Alongside the company’s listing plans, the filing revealed how Figma’s board of directors approved an investment in the Bitwise Bitcoin ETF shortly after regulators had approved the fund in January of last year.

On March 3, 2024, Figma’s board approved an investment totaling $55 million in the ETF, which had ballooned to $78.8 million in unrealized gains by the end of December last year.

That was followed by a decline of approximately $9.3 million in unrealized losses by March 31 of this year, resulting in the company’s initial investment plus appreciation hovering near $69.5 million, per its IPO filing dated July 1.

Despite Figma acknowledging Bitcoin’s volatility, the software giant now intends to buy more. The filing also revealed that its board has pre-approved plans to invest another $30 million using its existing USDC stablecoins on hand, which it also holds on its balance sheet.

“The Company intends to reinvest its stablecoin holdings into Bitcoin at a later date,” Figma wrote.

Still, the move comes as a surprise to many within the industry. The company has not previously been known for participating in digital asset markets, and declined a request for comment by Decrypt.

According to Figma, Morgan Stanley, Goldman Sachs, Allen & Company, and J.P. Morgan will act as joint leads for the offering.



Founded in 2012, Figma began as a browser-based interface design tool and has grown into a widely used platform for cross-functional product teams. Its IPO plans were first set in motion with a confidential SEC filing in April.

It’s now hoping its business is robust enough to survive the rigorous assessment and strict requirements needed to go public—the good news is that Figma’s financials showed continued growth heading into its NYSE debut.

The company reported $ 749 million in revenue for 2024. For the first quarter of 2025, revenue increased to $228.2 million, a 46% rise from the same period in 2024.

Its Bitcoin holdings, meanwhile, accounted for roughly 4.5% of its total $1.54 billion in cash and securities as of the end of March—a move that it intends to grow by a further 2% using its USDC reserves.

The decision to invest in a Bitcoin ETF positions Figma among a growing list of private and public companies adding Bitcoin to their balance sheets.

The IPO, meanwhile, represents a new chapter for Figma following the collapse of its planned $20 billion acquisition by Adobe. That deal was called off in December 2023 after facing regulatory scrutiny in the EU and the U.K.

In 2024, Figma was valued at $12.5 billion through a secondary tender offer that allowed early stakeholders to partially cash out their shares.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Rival Launches ROSI: First-of-Its-Kind Conversational AI Agent for HR and Employees | Web3Wire

Rival Launches ROSI: First-of-Its-Kind Conversational AI Agent for HR and Employees | Web3Wire


CHICAGO, IL / ACCESS Newswire / July 1, 2025 / Today, Rival unveiled ROSI (Rival OS Intelligence), the first enterprise-ready conversational AI agent built specifically to support both HR teams and employees directly inside Rival Workflow.

ROSIRival Launches ROSI

Unlike generic chatbots or retrofitted tools, ROSI is purpose-built to understand HR, surface task risk, and respond to employee questions instantly. No dashboards. No data chasing. Just clarity and action-right when it’s needed.

ROSI brings value across the organization. For HR, it spots what’s overdue, incomplete, or at risk without running reports. For employees, answers to topics that matter are more easily accessible than ever. “HR shouldn’t have to dig through dashboards or chase down data to know what’s going on,” said Poornima Farrar, Chief Product Officer at Rival. “With ROSI, insight finds you-right in the flow of work. We built it to surface what matters, when it matters, so HR teams can act in real time-not after the fact. This is analytics without the swivel chair. It’s clarity without the clicks.”

That clarity and in-the-moment intelligence is exactly what sets ROSI apart in a crowded field of AI solutions-delivering not just promise, but proof of impact.

“In a market flooded with promise and light on proof, ROSI stands apart-not by dazzling with hypotheticals, but by delivering impact where it counts,” said Kyle Lagunas, Founder and Principal Analyst at Kyle & Co. “It’s not just another chatbot. It’s your system’s truth-teller, surfacing signal through the noise so HR teams can stop chasing data and start driving outcomes.”

ROSI is live now inside Rival Workflow. Learn more at https://rival-hr.com/resource/introducing-rosi/

About RivalRival is the AI-powered talent platform that helps organizations find, launch, and develop talent-faster. With deeply configurable workflows and embedded intelligence, Rival modernizes HR without disrupting what works.

Contact Information

Anne Marie CorbettMedia Contact[email protected]508-423-8044

SOURCE: Rival

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



Source link

Cloud Computing, AI, and the Fight for Digital Independence

Cloud Computing, AI, and the Fight for Digital Independence


Technology is deeply woven into our lives—from the phones in our hands to the services powering global businesses. As AI and cloud computing continue to expand, a critical issue is emerging: digital sovereignty. Who controls your data? Who decides what technology you can use? And how can you maintain independence in a world ruled by massive tech companies and ever-changing laws?

This article explores why digital sovereignty matters more than ever. We’ll look at three major trends—regulation, geopolitics, and public sentiment—and explain how Spheron’s distributed platform is designed to support digital freedom in each of these areas.

What is Digital Sovereignty?

At its core, sovereignty means having control. It comes from the Old French word soverain, meaning “highest” or “chief.” Today, when we talk about digital sovereignty, we mean the ability of individuals, businesses, or governments to control their digital infrastructure, data, and tools, without being dependent on foreign powers or monopolies.

This concept isn’t just theoretical. In 2021, leaders from Estonia, Finland, Denmark, and Germany urged the European Commission to focus on digital sovereignty. Their goal: build local tech power and reduce dependence on U.S. or Chinese tech giants.

Since then, governments and regulators around the world have launched new laws and policies to protect digital independence. But these efforts are complex and not without issues. Let’s explore why.

1. Regulation: Sovereignty as Law

Countries around the world are creating new regulations to govern the use of data and technology. In the EU, for example, laws such as the GDPR, the Digital Markets Act, and the AI Act aim to protect users’ rights and keep large tech companies in check.

These rules are part of what’s known as the “Brussels Effect”—a global trend where EU regulations influence policies in other parts of the world. However, staying compliant with all these rules is difficult, especially for businesses using global cloud services like AWS, Microsoft Azure, or Google Cloud.

To address this, the big cloud companies have started offering “sovereign cloud” services. These are cloud solutions designed to meet local compliance rules by partnering with national governments and local providers. Examples include:

At first glance, these sound promising. But they come with serious limitations, shown in the table below.

ProblemExplanation

The server location isn’t enoughEven if your data is stored in your country, U.S. companies are still subject to U.S. laws like the CLOUD Act. This means they may be compelled to disclose your data, even if it violates local laws.

Sovereign features lag behindFeatures on sovereign cloud platforms often receive lower priority, so they are slower to get updates or new services.

Slow adaptation to changing lawsAs regulations change, large providers struggle to keep up. Their size and complexity make it hard to act quickly.

These limitations demonstrate that relying on large, foreign cloud providers—even when they offer localized solutions—doesn’t truly resolve the sovereignty issue.

2. Geopolitics: Sovereignty as Policy

The second trend driving the sovereignty debate is geopolitics. Global tensions, particularly between major powers such as the U.S. and China, are influencing how technology is utilized and shared.

Governments today are employing strategies similar to “mercantilism”—an outdated economic model in which countries sought to strengthen their position by controlling trade and technology. In recent years, we’ve seen:

Export bans on AI chips to limit China’s access

U.S. pressure on allies to stop using certain technologies

Increased investments in local chip and AI production

Since most major cloud companies are based in the U.S., their actions are often influenced by U.S. government policy. This can make access to technology unpredictable for users in other parts of the world.

There’s also another threat: cyberattacks. State-sponsored hacking has increased dramatically. Even though big cloud providers invest heavily in security, they are also big targets.

Here are some key risks related to public cloud security:

RiskExplanation

Hyperscalers are high-profile targetsTheir size and importance make them attractive to hackers, especially from nation-states.

Shared responsibility confusionPublic cloud security is a joint responsibility. The provider secures the infrastructure, but users must secure data, access, and settings. Many users don’t understand where the provider’s responsibility ends.

Misalignment of prioritiesA business may identify a security flaw that is not prioritized by the cloud provider. This creates uncertainty and potential vulnerabilities.

In times of global tension, access to reliable, independent infrastructure becomes a national and business-level concern. Relying solely on big providers increases risk.

3. Public Sentiment: Sovereignty as Freedom

The third trend influencing digital sovereignty is changing public sentiment. People are starting to question the motives of big tech. Issues like:

…have caused a drop in trust.

In the 2010s, tools like Slack, Google Docs, and Asana gained rapid adoption among businesses, driven not by executives but by employees who appreciated their simplicity and flexibility. This “bottom-up” trend (known as B2C2B) may now be repeated with distributed computing.

People are now seeking alternatives to centralized platforms. We’ve seen growth in services like Mastodon, PixelFed, and Bluesky. These tools give users more control, and that trend is likely to influence business IT decisions too.

A 2022 global study showed:

As more people care about digital independence, they’ll choose products and platforms that align with their values.

Enter Spheron: Designed for Digital Sovereignty

Spheron is not just another cloud provider. It’s a response to the growing need for freedom, resilience, and trust in the digital world. Designed from the ground up, Spheron offers a truly distributed, community-powered alternative to traditional cloud services. Our belief is simple: real digital sovereignty doesn’t start with policies—it starts with the architecture of the systems we use. That’s why we’ve built Spheron to solve the exact problems that today’s cloud platforms often create. Whether you’re concerned about strict regulations, political interference, or losing control over your data, Spheron offers a clear and effective solution.

A. Resilience Through Distribution

One of the most powerful advantages of Spheron lies in its decentralized infrastructure. In a traditional cloud setup, your data is controlled by a single provider, stored in massive data centers, and vulnerable to outages, breaches, or even government access. Spheron flips this model. Instead of concentrating data in one place, we split it into chunks and spread it across a global network of independent nodes. This design dramatically reduces the risk of unauthorized access. This approach also protects you from service interruptions. With no single point of failure, even if a few nodes go offline, your service remains uninterrupted. In essence, our distributed system is not only more secure—it’s also more stable and reliable.

B. Flexibility to Meet Regulations

As digital laws evolve, businesses are under pressure to keep up. Compliance requirements vary from region to region and can change rapidly, often leaving centralized cloud providers struggling to respond in time. At Spheron, we make it easier for you to stay ahead. Our services are lightweight, modular, and vendor-neutral, which means you’re not locked into a particular tech stack or geography. You have full control over where and how your data is processed. This flexibility is especially important when new legal frameworks come into play. Instead of waiting for your provider to catch up, you can make changes directly, adapting to new regulations in real time. You can also choose your compute sources—whether from trusted, local infrastructure, or smaller contributors—giving you access to diverse, compliant resources that may not be available through hyperscalers.

C. Openness and Transparency

Trust is earned through transparency, and openness is part of Spheron’s DNA. Our entire stack is built on proven, open-source technologies that are widely respected for their robustness and community support. But it’s not just about the tools—we also believe in open participation. Anyone can contribute to Spheron’s network by offering compute resources, and anyone can benefit from it, without needing permission or special access. This model removes the need to rely on vague promises from big tech companies. Instead, you can inspect how our systems work, see how they work, and trust that there are no hidden agendas. Most importantly, this openness redistributes power—from a handful of corporations back to the users who make up the internet. With Spheron, control is in your hands.

Final Thoughts: Digital Sovereignty Is Now

We are living in a time of transformation. Regulations are becoming stricter, international politics are becoming more volatile, and trust in centralized platforms is eroding. But from this pressure, a new kind of technology is emerging, one that prioritizes independence, transparency, and fairness. Distributed computing isn’t just an alternative to traditional cloud—it’s a better foundation for the future we’re building.

At Spheron, our mission is to give you back control. Whether you’re a business looking to stay compliant, a researcher needing powerful and affordable compute, or an individual who wants to own their data—we have built this platform for you. Our belief in digital sovereignty is not a slogan. It’s the principle that shapes everything we do, from how we design our architecture to how we engage with our community.

You don’t need to wait for big tech to change. You can make the shift now, toward a future where your tools respect your choices, your data belongs to you, and your infrastructure is truly yours. That future starts with Spheron.



Source link

Popular Posts

My Favorites

The latest from Prime Gaming – November 7 edition – still...

0
Here we go again! Each week Prime Gaming, part of what you get with a subscription to Amazon Prime, add and remove various...