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Starknet to settle on Bitcoin and Ethereum to unify the chains

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.

The Starknet Foundation said in its March 11 Bitcoin roadmap that it’s aiming for Starknet to become Bitcoin’s execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience.

“Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network’s original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.

It added that while some investors view Bitcoin as “digital gold,” it believes “there is a demand for utilizing Bitcoin for purposes beyond that.”

Starknet to settle on Bitcoin and Ethereum to unify the chains

Source: Starknet

Previously, StarkWare CEO Eli Ben Sasson, the company behind the STARK proof that contributes to the development of Starknet, said OP_CAT, a Satoshi-era opcode for unlocking programmability on Bitcoin that was disabled over security concerns, would allow Starknet to settle on the Bitcoin blockchain. 

If successful, Starknet said the move would allow developers to build applications on the Bitcoin network through smart contracts and enable applications such as staking, borrowing, lending, leveraged trading, and yield farming.

As part of the announcement, StarkWare said it has joined the growing number of firms in creating a Bitcoin (BTC) reserve, holding a growing portion of its treasury in crypto.

Starknet to settle on Bitcoin and Ethereum to unify the chains

Source: Ameen Soleimani

Starknet will also team up with Bitcoin Web3 wallet Xverse, whose founder and CEO Ken Liao said the integration, slated for the second quarter of 2025, will achieve Bitcoin’s “DeFi take-off moment.”

Xverse said wallets need to be more than just storage solutions; and allow easy access to Bitcoin’s growing utility. Liao said in a statement that the endgame is trustless DeFi on Bitcoin.

Related: Unknown attacker causes headaches during Pectra upgrade on Sepolia

“In today’s environment, there is a temptation for wallet teams to say, ‘yeah, let’s just focus on making it easier for people to use Bitcoin as a store of value,’” Liao said.

“But the long-term future of Bitcoin also includes utility, and that’s why layer 2 solutions must reach the public via the wallets they actually use,” he added.

Meanwhile, in a March 11 X space discussing Starknet’s plan, Ethereum co-founder Vitalik Buterin said a proper Bitcoin L2 that can satisfy the needed security properties would “make crypto payments great again, and all those use cases can work.”

Buterin said there is a “lot of value” in enabling the trustless flow of assets between the Bitcoin and Ethereum ecosystems, such as easier paths for decentralized exchange.

“If you go back to the white paper, Bitcoin was meant to be a peer-to-peer electronic cash system, and obviously, layer 1 is not nearly scalable enough for that,” Buterin said.

“I think we’ve also seen some of the limits of the Lightning Network and that kind of approach.“

Magazine: MegaETH launch could save Ethereum… but at what cost?

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Senator Lummis’ new BITCOIN Act allows US reserve to exceed 1M Bitcoin

US Senator Cynthia Lummis’ newly reintroduced BITCOIN Act will allow the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.

The bill, first introduced in July, directs the US government to buy 200,000 Bitcoin (BTC) a year over five years for a total acquisition of 1 million Bitcoin, which would be paid for by diversifying existing funds within the Federal Reserve system and the Treasury department. 

However, the reintroduced act, the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act of 2025, opens the door for the US to acquire and hold in excess of 1 million BTC as long as it is acquired through lawful means other than direct purchase, such as civil or criminal forfeitures, gifts made to the US or transfers from federal agencies.

The extra Bitcoin can also come from US states that voluntarily store their Bitcoin holdings in the strategic Bitcoin reserve, though it’ll be stored in a segregated account. 

“By transforming the president’s visionary executive action into enduring law, we can ensure that our nation will harness the full potential of digital innovation to address our national debt while maintaining our competitive edge in the global economy,” said Lummis, who announced the revamped bill during a March 11 conference hosted by The Bitcoin Policy Institute. 

Lummis taps new bill co-sponsors

The BITCOIN Act also has a number of new co-sponsors, including Republican Senators Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno. 

“I’m proud to join Senator Lummis on this common-sense bill to create a strategic Bitcoin reserve and codify President Trump’s executive order,” Justice said in a statement. 

“This bill represents America’s continued leadership in financial innovation, bolsters both our economic security, and gives us an opportunity to wrangle in our soaring national debt,” he added. 

Other changes

The bill also now sets a formal evaluation process for Bitcoin forked assets and airdropped assets in the reserve. 

Initially, the bill required all forked assets to be stored in the reserve and couldn’t be sold or disposed of for five years unless authorized by law. 

Related: Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded

The new bill now directs the Secretary after the mandatory holding period to evaluate and retain the most valuable asset based on market capitalization while retaining the “dominant asset.” 

Bitcoin has hard forked a number of times in the past to create new cryptocurrencies, most notably Bitcoin Cash (BCH), which forked on Aug. 1, 2017, and Bitcoin Gold (BTG), which forked on Oct. 24, 2017. 

Lummis’ reintroduced bill comes just days after US President Donald Trump signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.”

The reserve and stockpile will initially use cryptocurrency forfeited in government criminal and civil cases, but the reserve won’t sell the stashed Bitcoin and will use “budget-neutral” ways to increase its size, while tokens from the stockpile could be sold.

Magazine: The Sandbox’s Sebastien Borget cringes at the word ‘influencer’: X Hall of Flame

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Anthropic, a San Francisco startup often cast as an independent player in the AI race, has deeper ties to Google than previously known. Court documents recently obtained by The New York Times reveal that Google owns a 14% stake in the company and is set to pour another $750 million into it this year through […]

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Meta is reportedly testing an in-house chip for training AI systems, a part of a strategy to reduce its reliance on hardware makers like Nvidia. According to Reuters, Meta’s chip, which is designed to handle AI-specific workloads, was manufactured in partnership with Taiwan-based firm TSMC. The company is piloting a “small deployment” of the chip […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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President Donald Trump said he will label violence against Tesla dealerships as domestic terrorism, per a transcript shared by the White House pool reporters, a sign of deepening ties with Elon Musk. “Tesla Takeovers” have been breaking out across the globe at Tesla dealerships as people protest what they see as a hostile takeover of […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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When the first email was sent in 1971, Richard Nixon was president. The video game “Pong” was still in development. The Pittsburgh Pirates was a good baseball team. This is to say, technological achievements like the email have lived long enough to have their own grandchildren. And yet, one of the most storied magazines in […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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Since the general AI agent Manus was launched last week, it has spread online like wildfire. And not just in China, where it was developed by the Wuhan-based startup Butterfly Effect. It’s made  its way into the global conversation, with influential voices in tech, including Twitter cofounder Jack Dorsey and Hugging Face product lead Victor Mustar, praising its performance. Some have even dubbed it “the second DeepSeek,” comparing it to the earlier AI model that took the industry by surprise for its unexpected capabilities as well as its origin.  

Manus claims to be the world’s first general AI agent, leveraging multiple AI models (such as Anthropic’s Claude 3.5 Sonnet and fine-tuned versions of Alibaba’s open-source Qwen) and various independently operating agents to act autonomously on a wide range of tasks. (This makes it different from AI chatbots, including DeepSeek, which are based on a single large language model family and are primarily designed for conversational interactions.) 

Despite all the hype, very few people have had a chance to use it. Currently, under 1% of the users on the wait list have received an invite code. (It’s unclear how many people are on this list, but for a sense of how much interest there is, Manus’s Discord channel has more than 186,000 members.)

MIT Technology Review was able to obtain access to Manus, and when I gave it a test-drive, I found that using it feels like collaborating with a highly intelligent and efficient intern: While it occasionally lacks understanding of what it’s being asked to do, makes incorrect assumptions, or cuts corners to expedite tasks, it explains its reasoning clearly, is remarkably adaptable, and can improve substantially when provided with detailed instructions or feedback. Ultimately, it’s promising but not perfect.

Just like its parent company’s previous product, an AI assistant called Monica that was released in 2023, Manus is intended for a global audience. English is set as the default language, and its design is clean and minimalist.

To get in, a user has to enter a valid invite code. Then the system directs users to a landing page that closely resembles those of ChatGPT or DeepSeek, with previous sessions displayed in a left-hand column and a chat input box in the center. The landing page also features sample tasks curated by the company—ranging from business strategy development to interactive learning to customized audio meditation sessions.

Like other reasoning-based agentic AI tools, such as ChatGPT DeepResearch, Manus is capable of breaking tasks down into steps and autonomously navigating the web to get the information it needs to complete them. What sets it apart is the “Manus’s Computer” window, which allows users not only to observe what the agent is doing but also to intervene at any point. 

To put it to the test, I gave Manus three assignments: (1) compile a list of notable reporters covering China tech, (2) search for two-bedroom property listings in New York City, and (3) nominate potential candidates for Innovators Under 35, a list created by MIT Technology Review every year. 

Here’s how it did:

Task 1: The first list of reporters that Manus gave me contained only five names, with five “honorable mentions” below them. I noticed that it listed some journalists’ notable work but didn’t do this for others. I asked Manus why. The reason it offered was hilariously simple: It got lazy. It was “partly due to time constraints as I tried to expedite the research process,” the agent told me. When I insisted on consistency and thoroughness, Manus responded with a comprehensive list of 30 journalists, noting their current outlet and listing notable work. (I was glad to see I made the cut, along with many of my beloved peers.) 

I was impressed that I was able to make top-level suggestions for changes, much as someone would with a real-life intern or assistant, and that it responded appropriately. And while it initially overlooked changes in some journalists’ employer status, when I asked it to revisit some results, it quickly corrected them. Another nice feature: The output was downloadable as a Word or Excel file, making it easy to edit or share with others. 

Manus hit a snag, though, when accessing journalists’ news articles behind paywalls; it frequently encountered captcha blocks. Since I was able to follow along step by step, I could easily take over to complete these, though many media sites still blocked the tool, citing suspicious activity. I see potential for major improvements here—and it would be useful if a future version of Manus could proactively ask for help when it encounters these sorts of restrictions.

Task 2: For the apartment search, I gave Manus a complex set of criteria, including a budget and several parameters: a spacious kitchen, outdoor space, access to downtown Manhattan, and a major train station within a seven-minute walk. Manus initially interpreted vague requirements like “some kind of outdoor space” too literally, completely excluding properties without a private terrace or balcony access. However, after more guidance and clarification, it was able to compile a broader and more helpful list, giving recommendations in tiers and neat bullet points. 

The final output felt straight from Wirecutter, containing subtitles like “best overall,” “best value,” and “luxury option.” This task (including the back-and-forth) took less than half an hour—a lot less time than compiling the list of journalists (which took a little over an hour), likely because property listings are more openly available and well-structured online.

Task 3: This was the largest in scope: I asked Manus to nominate 50 people for this year’s Innovators Under 35 list. Producing this list is an enormous undertaking, and we typically get hundreds of nominations every year. So I was curious to see how well Manus could do. It broke the task into steps, including reviewing past lists to understand selection criteria, creating a search strategy for identifying candidates, compiling names, and ensuring a diverse selection of candidates from all over the world.

Developing a search strategy was the most time-consuming part for Manus. While it didn’t explicitly outline its approach, the Manus’s Computer window revealed the agent rapidly scrolling through websites of prestigious research universities, announcements of tech awards, and news articles. However, it again encountered obstacles when trying to access academic papers and paywalled media content.

After three hours of scouring the internet—during which Manus (understandably) asked me multiple times whether I could narrow the search—it was only able to give me three candidates with full background profiles. When I pressed it again to provide a complete list of 50 names, it eventually generated one, but certain academic institutions and fields were heavily overrepresented, reflecting an incomplete research process. After I pointed out the issue and asked it to find five candidates from China, it managed to compile a solid five-name list, though the results skewed toward Chinese media darlings. Ultimately, I had to give up after the system warned that Manus’s performance might decline if I kept inputting too much text.

My assessment: Overall, I found Manus to be a highly intuitive tool suitable for users with or without coding backgrounds. On two of the three tasks, it provided better results than ChatGPT DeepResearch, though it took significantly longer to complete them. Manus seems best suited to analytical tasks that require extensive research on the open internet but have a limited scope. In other words, it’s best to stick to the sorts of things a skilled human intern could do during a day of work.​

Still, it’s not all smooth sailing. Manus can suffer from frequent crashes and system instability, and it may struggle when asked to process large chunks of text. The message “Due to the current high service load, tasks cannot be created. Please try again in a few minutes” flashed on my screen a few times when I tried to start new requests, and occasionally Manus’s Computer froze on a certain page for a long period of time. 

It has a higher failure rate than ChatGPT DeepResearch—a problem the team is addressing, according to Manus’s chief scientist, Peak Ji. That said, the Chinese media outlet 36Kr reports that Manus’s per-task cost is about $2, which is just one-tenth of DeepResearch’s cost. If the Manus team strengthens its server infrastructure, I can see the tool becoming a preferred choice for individual users, particularly white-collar professionals, independent developers, and small teams.

Finally, I think it’s really valuable that Manus’s working process feels relatively transparent and collaborative. It actively asks questions along the way and retains key instructions as “knowledge” in its memory for future use, allowing for an easily customizable agentic experience. It’s also really nice that each session is replayable and shareable.

I expect I will keep using Manus for all sorts of tasks, in both my personal and professional lives. While I’m not sure the comparisons to DeepSeek are quite right, it serves as further evidence that Chinese AI companies are not just following in the footsteps of their Western counterparts. Rather than just innovating on base models, they are actively shaping the adoption of autonomous AI agents in their own way.

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The Canadian robotruck startup Waabi says its super-realistic virtual simulation is now accurate enough to prove the safety of its driverless big rigs without having to run them for miles on real roads. 

The company uses a digital twin of its real-world robotruck, loaded up with real sensor data, and measures how the twin’s performance compares with that of real trucks on real roads. Waabi says they now match almost exactly. The company claims its approach is a better way to demonstrate safety than just racking up real-world miles, as many of its competitors do.

“It brings accountability to the industry,” says Raquel Urtasun, Waabi’s firebrand founder and CEO (who is also a professor at the University of Toronto). “There are no more excuses.”

After quitting Uber, where she led the ride-sharing firm’s driverless-car division, Urtasun founded Waabi in 2021 with a different vision for how autonomous vehicles should be made. The firm, which has partnerships with Uber Freight and Volvo, has been running real trucks on real roads in Texas since 2023, but it carries out the majority of its development inside a simulation called Waabi World. Waabi is now taking its sim-first approach to the next level, using Waabi World not only to train and test its driving models but to prove their real-world safety.

For now, Waabi’s trucks drive with a human in the cab. But the company plans to go human-free later this year. To do that, it needs to demonstrate the safety of its system to regulators. “These trucks are 80,000 pounds,” says Urtasun. “They’re really massive robots.”

Urtasun argues that it is impossible to prove the safety of Waabi’s trucks just by driving on real roads. Unlike robotaxis, which often operate on busy streets, many of Waabi’s trucks drive for hundreds of miles on straight highways. That means they won’t encounter enough dangerous situations by chance to vet the system fully, she says.  

But before using Waabi World to prove the safety of its real-world trucks, Waabi first has to prove that the behavior of its trucks inside the simulation matches their behavior in the real world under the exact same conditions.

Virtual reality

Inside Waabi World, the same driving model that controls Waabi’s real trucks gets hooked up to a virtual truck. Waabi World then feeds that model with simulated video—radar and lidar inputs mimicking the inputs that real trucks receive. The simulation can re-create a wide range of weather and lighting conditions. “We have pedestrians, animals, all that stuff,” says Urtasun. “Objects that are rare—you know, like a mattress that’s flying off the back of another truck. Whatever.”

Waabi World also simulates the properties of the truck itself, such as its momentum and acceleration, and its different gear shifts. And it simulates the truck’s onboard computer, including the microsecond time lags between receiving and processing inputs from different sensors in different conditions. “The time it takes to process the information and then come up with an outcome has a lot of impact on how safe your system is,” says Urtasun.

To show that Waabi World’s simulation is accurate enough to capture the exact behavior of a real truck, Waabi then runs it as a kind of digital twin of the real world and measures how much they diverge.

WAABI

Here’s how that works. Whenever its real trucks drive on a highway, Waabi records everything—video, radar, lidar, the state of the driving model itself, and so on. It can rewind that recording to a certain moment and clone the freeze-frame with all the various sensor data intact. It can then drop that freeze-frame into Waabi World and press Play.

The scenario that plays out, in which the virtual truck drives along the same stretch of road as the real truck did, should match the real world almost exactly. Waabi then measures how far the simulation diverges from what actually happened in the real world.

No simulator is capable of recreating the complex interactions of the real world for too long. So Waabi takes snippets of its timeline every 20 seconds or so. They then run many thousands of such snippets, exposing the system to many different scenarios, such as lane changes, hard braking, oncoming traffic and more.  

Waabi claims that Waabi World is 99.7% accurate. Urtasun explains what that means: “Think about a truck driving on the highway at 30 meters per second,” she says. “When it advances 30 meters, we can predict where everything will be within 10 centimeters.”

Waabi plans to use its simulation to demonstrate the safety of its system when seeking the go-ahead from regulators to remove humans from its trucks this year. “It is a very important part of the evidence,” says Urtasun. “It’s not the only evidence. We have the traditional Bureau of Motor Vehicles stuff on top of this—all the standards of the industry. But we want to push those standards much higher.”

“A 99.7% match in trajectory is a strong result,” says Jamie Shotton, chief scientist at the driverless-car startup Wayve. But he notes that Waabi has not shared any details beyond the blog post announcing the work. “Without technical details, its significance is unclear,” he says.

Shotton says that Wayve favors a mix of real-world and virtual-world testing. “Our goal is not just to replicate past driving behavior but to create richer, more challenging test and training environments that push AV capabilities further,” he says. “This is where real-world testing continues to add crucial value, exposing the AV to spontaneous and complex interactions that simulation alone may not fully replicate.”

Even so, Urtasun believes that Waabi’s approach will be essential if the driverless-car industry is going to succeed at scale. “This addresses one of the big holes that we have today,” she says. “This is a call to action in terms of, you know—show me your number. It’s time to be accountable across the entire industry.”

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This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology.

Two new measures show where AI models fail on fairness

What’s new: A new pair of AI benchmarks could help developers reduce bias in AI models, potentially making them fairer and less likely to cause harm. The benchmarks evaluate AI systems based on their awareness of different scenarios and contexts. They could offer a more nuanced way to measure AI’s bias and its understanding of the world.

Why it matters: The researchers were inspired to look into the problem of bias after witnessing clumsy missteps in previous approaches, demonstrating how ignoring differences between groups may in fact make AI systems less fair. But while these new benchmarks could help teams better judge fairness in AI models, actually fixing them may require some other techniques altogether. Read the full story.

—Scott J Mulligan

AGI is suddenly a dinner table topic

The concept of artificial general intelligence—an ultra-powerful AI system we don’t have yet—can be thought of as a balloon, repeatedly inflated with hype during peaks of optimism (or fear) about its potential impact and then deflated as reality fails to meet expectations.

Over the past week, lots of news went into inflating that AGI balloon, including the launch of a new, seemingly super-capable AI agent called Manus, created by a Chinese startup. Read our story to learn what’s happened, and why it matters.

—James O’Donnell

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here.

The must-reads

I’ve combed the internet to find you today’s most fun/important/scary/fascinating stories about technology.

1 The US has rebranded its immigration app with a ‘self-deport’ function
It’s a bid to encourage people living illegally to leave the country voluntarily. (AP News)
+ If they fail to self-report, undocumented migrants could face harsher consequences. (BBC)
+ But immigrants should think very carefully before trusting the app. (The Guardian)
+ The app was previously used to schedule asylum appointments. (MIT Technology Review)

2 DOGE is scrabbling around for some wins
The growing backlash against its clumsy cuts puts DOGE’s top brass under pressure. (WP $)
+ Biomedical research cuts would affect both elite and less-wealthy universities. (Undark)
+ The agency is causing chaos within social security’s offices. (New Yorker $)
+ The next phase? Handing over decisions to machines. (The Atlantic $)

3 Donald Trump isn’t a fan of the CHIPS Act
Even though the law is designed to support chip manufacturing in the US. (NYT $)
+ Here’s what is at stake if he follows through on his threats to scrap it. (Bloomberg $)

4 Elon Musk claims a cyber attack on X came from ‘the Ukraine area’
But the billionaire, who is a fierce critic of Ukraine, hasn’t provided any evidence. (FT $)
+ The platform buckled temporarily under the unusually powerful attack. (Reuters)
+ Cyber experts aren’t convinced, however. (AP News)

5 AI-powered PlayStation characters are on the horizon
Sony is testing out AI avatars that can hold conversations with players. (The Verge)
+ How generative AI could reinvent what it means to play. (MIT Technology Review)

6 DeepSeek’s founder isn’t fussed about making a quick buck
Liang Wenfeng is turning down big investment offers in favor of retaining the freedom to make his own decisions. (WSJ $)
+ China’s tech optimism is at an all-time high. (Bloomberg $)
+ How DeepSeek ripped up the AI playbook—and why everyone’s going to follow its lead. (MIT Technology Review)

7 The rain is full of pollutants, including microplastics
And you thought acid rain was bad. (Vox)

8 An all-electric seaglider is being tested in Rhode Island
It can switch seamlessly between floating and flying. (New Scientist $)
+ These aircraft could change how we fly. (MIT Technology Review)

9 Tesla Cybertruck owners have formed an emotional support group
One member is pushing for Cybertruck abuse to be treated as hate crimes. (Fast Company $)

10 There’s only one good X account left
Step forward Joyce Carol Oates. (The Guardian)

Quote of the day

“There is no more asylum.”

US immigration officials tell a businessman seeking legitimate asylum that he can’t enter the country just days after Donald Trump took office, the Washington Post reports.

The big story

Next slide, please: A brief history of the corporate presentation

August 2023

PowerPoint is everywhere. It’s used in religious sermons; by schoolchildren preparing book reports; at funerals and weddings. In 2010, Microsoft announced that PowerPoint was installed on more than a billion computers worldwide.

But before PowerPoint, 35-millimeter film slides were king. They were the only medium for the kinds of high-impact presentations given by CEOs and top brass at annual meetings for stockholders, employees, and salespeople.

Known in the business as “multi-image” shows, these presentations required a small army of producers, photographers, and live production staff to pull off. Read this story to delve into the fascinating, flashy history of corporate presentations

—Claire L. Evans

We can still have nice things

A place for comfort, fun and distraction to brighten up your day. (Got any ideas? Drop me a line or skeet ’em at me.)+ Here’s how to prevent yourself getting a crick in the neck during your next flight.
+ I would love to go on all of these dreamy train journeys.
+ This Singaporean chocolate cake is delightfully simple to make.
+ Meet Jo Nemeth, the woman who lives entirely without money.

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