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AI & Enterprise

South Korea launches development of security-focused AI foundation model

South Korea will begin developing a domestically built AI foundation model specialised in cybersecurity, aiming to pool public and private capabilities and expand the model as open source to foster an AI-based security ecosystem. The Ministry of Science and ICT said it will accept applications for the project with the National IT Industry Promotion Agency until Aug. 21. One team will be selected and supported with 256 Nvidia B200 GPUs for 10 months.

Crypto

Russia allows cryptocurrency investment but bans payments in first step into mainstream

Russia\'s lower house has passed a bill to legalise cryptocurrency investment and trading while banning its use to pay for goods and services domestically. Trading would be allowed only through licensed, registered exchanges, with custodians, brokers and asset managers assigned formal roles and exchanges subject to capital requirements. Retail investors would face suitability tests and limits. The measure takes effect in stages from Sept. 1, 2026, but still needs approval by the upper house and President Vladimir Putin.

Crypto

Strike founder Jack Mallers steps down as Twenty One CEO, merger plan halted

Jack Mallers (잭 말러스) has stepped down as chief executive of Twenty One Capital to focus on bitcoin payments firm Strike, which he founded and runs. His departure also halted a merger plan being reviewed by Twenty One and Strike, CryptoSlate reported. Board member Rafael Zagury will succeed him, and Tether said the handover is being carried out in an orderly way. Twenty One held 43,514 bitcoin valued at about $2.95 billion as of March 31.