Crypto

Aptos moves to cap token supply at 2.1 billion, cut staking rewards and raise gas fees

Aptos plans a broad overhaul of the APT token economy, including setting a supply cap of 2.1 billion tokens. It aims to cut annual staking rewards from 5.19 percent to 2.6 percent while offering more rewards to long-term stakers. The network also plans to raise gas fees tenfold to accelerate APT burning. Aptos is also considering permanently locking 210 million APT through staking and tightening performance-based KPIs for issuance.

AI & Enterprise

Recursive Intelligence raises $335 million, says it will innovate chip design with AI

AI-based chip design automation startup Recursive Intelligence raised $335 million at a $4 billion valuation four months after it was founded. Co-founders Anna Goldie and Azalia Mirhoseini previously developed AI chip design technology at Google Brain and Anthropic. Recursive builds AI-based chip design tools rather than chips, and Nvidia, AMD and Intel participated in the funding. The company said its platform can automate layout and design verification, and performance improves as it accumulates design experience.