Trump Appoints Jay Clayton as AI Czar Amidst Market Developments
- Former SEC chair Jay Clayton has been appointed to lead the new Super Intelligence Force, aimed at maintaining U.S. leadership in artificial intelligence.
- NEAR’s SHIELD AI system successfully blocked a $3.8 million exploit and recovered hacked funds from Bitget’s platform.
- Bitcoin (BTC) is trading at $85,821, while Ethereum (ETH) is at $2,701, reflecting slight weekly increases of 1.4% and 0.6%, respectively.
- Crypto hacks totaled over $768 million in September, marking it the worst month for security breaches in the year.
- Ethereum’s Glamsterdam upgrade is set to activate on Oct. 6 on the Sepolia testnet, introducing significant protocol changes.
The appointment of Jay Clayton as AI Czar reflects a strategic move by the U.S. government to enhance its capabilities in artificial intelligence amidst growing global competition. Meanwhile, NEAR’s recovery efforts highlight proactive measures within the crypto space to combat security threats.
With Bitcoin showing resilience at $85,821 and Ethereum gearing up for its Glamsterdam upgrade, market participants remain vigilant amid rising concerns over security vulnerabilities following September’s record-breaking hacks.(Source)
