Hackers Target Cosmos Ecosystem Amid AI-Driven Rate Cut Calls
The past week has seen several developments in the cryptocurrency and blockchain space. Cosmos' ecosystem was hit by hackers, while YZi Labs increased its investment in 24 projects, including those focused on next-generation financial infrastructure such as stablecoin payments and AI agents.
Bill Gates recently warned that AI is developing too fast, recommending a 'robot tax' and human work zones to mitigate the impact of automation. He also highlighted the risks of AI lowering the threshold for dangerous activities like cyberattacks and bioweapons.
The Federal Reserve's mission may not be inflation and employment control, but rather protecting U.S. Treasuries. Tie Zhu believes that as AI becomes stronger, the Fed should cut rates to counterbalance the increased liquidity competition between tech debt and U.S. Treasuries.