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StarkWare CEO proposes a 4% annual inflation rate for Bitcoin instead of the 21 million coin cap.
PANews reported on July 8th that, according to Cointelegraph, StarkWare CEO Eli Ben-Sasson posted on the X platform proposing to replace the current hard cap of 21 million Bitcoins with a 4% annual issuance rate. He believes the current hard cap is "unreasonable" because private keys will be lost over time, "and when time approaches infinity, all private keys will be lost." Ledger estimates that approximately 4 million Bitcoins have already been permanently lost. Ben-Sasson stated that a 4% annual issuance rate roughly matches the global population growth rate. This proposal has sparked strong opposition from the community. Opponents argue that the fixed cap is the core value of Bitcoin, and that Bitcoin can be divided into 2.1 quadrillion satoshis, which is sufficient to address the issue of declining available supply.
KAST's terms of service have sparked controversy, with the CEO questioning user asset ownership.
PANews reported on July 7th that Mike Silagadze, founder and CEO of ether.fi, published an article questioning the terms of service of KAST, a stablecoin payment and crypto card platform. The terms explicitly state that when users transfer cryptocurrency or stablecoins to KAST, it is considered a sale of the relevant virtual assets to KAST, and users no longer retain ownership of the assets; the records displayed in the app are only denominated in USD and do not constitute account balances, deposits, or stored value. Furthermore, KAST emphasizes that it is not a bank, and user funds are not protected by deposit insurance. Since both KAST and ether.fi Cash offer stablecoin payment and crypto card services, they are direct competitors.
Strive ASST CEO: The company will not be forced to sell any BTC.
According to Odaily Odaily, Strive ASST CEO Matt Cole stated that Bitcoin could fall to $0.01 and remain there for 18 months, and the company could also do nothing; the company would not be forced to sell any BTC; there is no price that would lead to the company's liquidation.
AVAX One Technology CEO Jolie Kahn has resigned, and COO Pete Wylie has taken over as interim CEO.
According to Foresight News , SEC filings show that Jolie Kahn, CEO of Bitcoin mining and AVAX treasury company AVAX One Technology (NASDAQ: AVX), officially resigned on July 3. Chief Operating Officer Pete Wylie has been appointed interim CEO while continuing to serve as COO. The board has commissioned global executive search firm ZRG Partners to begin the selection process for a permanent CEO. Under the severance agreement, Kahn will receive $160,000 in cash compensation, medical insurance reimbursement, and $250,000 worth of unregistered common stock. AVAX One's business encompasses AI and high-performance computing data center construction, Bitcoin mining (currently with a hashrate of approximately 300 PH/s), and Avalanche treasury management.
The narrative of AI "stealing jobs" is cooling down, and tech giant CEOs are collectively turning optimistic.
According to BlockBeats, on July 6th, executives from several tech companies recently adjusted their statements regarding the impact of AI on employment, shifting from emphasizing that "AI will massively replace jobs" to believing that AI is more about improving productivity and creating new jobs. OpenAI CEO Sam Altman stated that the industry previously underestimated the role of humans in AI systems; Anthropic CEO Dario Amodei said that AI could either drive layoffs or help companies accomplish more without increasing staff, the outcome depending on management decisions. A recent survey by EY-Parthenon shows that the proportion of executives who believe AI investment will lead to large-scale layoffs has decreased from 46% in January 2025 to 20% in May 2026. A joint study by Ramp and Revelio Labs shows that companies investing heavily in AI are experiencing approximately 10% higher employee growth rates than their counterparts that haven't invested in AI. Despite Meta CEO Mark Zuckerberg and Amazon CEO Andy Jassy both stating that AI has the potential to create more jobs, both companies have continued to streamline their organizations this year, raising questions about the corporate AI narrative. A survey by technology consulting firm Emergn shows that approximately 20% of US business managers report that internal AI project reports exaggerate achievements and downplay problems. Industry insiders believe that the commercialization of AI is slower than market expectations, and the application effects vary significantly across different industries and scenarios. --------------------------------- Click the original link below to join Beating's AI news channel on Feishu, monitoring global AI hotspots and news 24/7.
Strategy CEO: Bitcoin is like a "currency version of the United States," reshaping the financial order through rules and scarcity.
PANews reported on July 4th that Strategy CEO Phong Le published an article on the X platform stating that Bitcoin is essentially an "embodiment of freedom," comparing it to "the United States in the monetary world." He recalled his experience in Vietnam, noting that while Vietnam has undergone significant changes in economic development and social vitality, "the United States remains a desirable destination for many globally," symbolizing opportunity, upward mobility, and institutional freedom. Phong Le pointed out that the United States' long-term success stems from its constitutional system, capitalist mechanisms, and innovative culture, enabling ordinary people to achieve upward social mobility through education, entrepreneurship, and risk-taking. His family's experience as Vietnamese refugees immigrating to the United States exemplifies this system.