DMA

EU
2026-07-15 03:17:58

EU digital identity wallet age-check plan faces GitHub backlash over Google and Apple ties

The European Union’s planned age-verification framework for the EU Digital Identity Wallet is drawing mounting opposition after its proposed app and device integrity checks were linked to Google Play Integrity API and Apple App Attestation. An official GitHub discussion has attracted nearly 300 comments, with developers arguing that age checks should not depend on proprietary services controlled by two U.S. technology companies. Critics say the proposal clashes with the wallet specification’s own commitments to interoperability and open standards. They point to the Dutch identity app Yivi as evidence that age verification can work without Google services, and warn that government identity systems should not become dependent on private platform policies, service continuity, or security assumptions outside public control. The debate has widened to include security and inclusion concerns. Researchers cited in the discussion said they were able to reset an app PIN on Android in under two minutes by editing a plain-text preferences file, while others raised concerns about unencrypted personal data storage. Developers also warned that users on de-Googled systems such as GrapheneOS and e/OS could be excluded. Meanwhile, countries have taken different approaches: the Netherlands and Italy currently use Google Play Integrity, while Switzerland opted for Android’s built-in attestation mechanism instead.

1090
EU digital identity wallet age-check plan faces GitHub backlash over Google and Apple ties
FalconX
2026-07-15 03:30:00

How FALX turns FalconX prime brokerage loans into on-chain fixed-income exposure

FALX is not a standalone yield pool. It is a structured on-chain credit setup built around FalconX-originated institutional loans, a bankruptcy-remote special purpose vehicle, Pareto’s on-chain credit vault infrastructure, and M11 Credit’s role as curator and agent. Investors deposit USDC into a related vault, the capital is routed into a FalconX-managed SPV, and the underlying exposure comes from overcollateralized prime brokerage loans to institutional borrowers such as quant funds, hedge funds, market makers, and asset managers. Public disclosures cited in the source show FalconX reported a 30-day gross yield of 8.25%. After a 10% performance fee, the investor net yield is roughly 7.4%. Using about 4% as the opportunity cost for lower-risk on-chain USDC yield, the excess compensation is around 340 basis points. That spread has to absorb operational, legal, liquidation, execution, liquidity, smart contract, cross-chain, custody, and rehypothecation-related risks. The article also points to a gap between FALX’s stated scalable capacity of about $1 billion and the roughly $148 million in vault assets shown on RWA.xyz. It reviews M11 Credit’s role in the structure, revisits the 2022 Orthogonal default on Maple, and highlights a separate layer of risk created by DeFi composability as FalconX Credit Vault tokens are used as collateral in protocols such as Morpho and in Gauntlet’s levered RWA strategy.

370
How FALX turns FalconX prime brokerage loans into on-chain fixed-income exposure
Yunbao Smart
2026-07-12 08:05:07

Tencent Becomes Top Shareholder as DPU Chipmaker Yunbao Smart Wins IPO Acceptance in Shenzhen

Shenzhen-based Yunbao Smart has had its application for a ChiNext IPO accepted by the Shenzhen Stock Exchange, putting the chip startup on track to pursue the label of China’s first listed DPU company. Founded in August 2020 by Stanford PhD Xiao Qiyang, the company focuses on data processing units, a segment that gained attention after Nvidia introduced the DPU concept and Jensen Huang outlined the “CPU+DPU+GPU” architecture. According to the prospectus cited in the report, Yunbao Smart developed what it describes as China’s first high-performance, general-purpose programmable DPU SoC chip, with network bandwidth of 400 Gbps, four times the performance of traditional solutions, and power consumption cut by more than 50%. The company said it moved from FPGA verification to 6nm SoC mass production in four years. Financially, revenue rose from RMB 170,000 in 2023 to RMB 36.35 million in 2024 and RMB 370 million in 2025, while net losses were RMB 667 million, RMB 600 million, and RMB 1.19 billion over the same period. Tencent, which first invested in the angel round and kept backing later financings, held 19.7792% before the IPO through affiliated entities, making it Yunbao Smart’s largest shareholder. The report said the company’s valuation exceeded RMB 14 billion after a funding round in late November 2025.

1290
Tencent Becomes Top Shareholder as DPU Chipmaker Yunbao Smart Wins IPO Acceptance in Shenzhen
LTP
2026-07-10 10:31:34

LTP to Launch Liquidity Arena 2026 on July 20 for Live AI Agent Trading

LTP, an institutional digital-asset prime broker, said its “Liquidity Arena 2026” competition will officially begin on July 20, framing the event as a live quantitative trading contest built for AI agents and autonomous trading systems. The company said more than 200 teams have already registered, with the broader event ecosystem spanning over 20 partner institutions and universities, more than 30 media partners, and multiple quant platforms and communities. LTP described it as one of the largest AI-native trading competitions held so far. The event will run on LTP’s institutional trading infrastructure. According to the company, that stack processes more than $1.2 trillion in annual trading volume and connects to more than 20 major exchanges globally, giving participants access to live liquidity and low-latency execution rather than an isolated simulation environment. LTP said it provides compliant execution, custody and clearing services across both CEXs and DEXs for proprietary trading firms, high-frequency teams, hedge funds, family offices and OTC desks, and holds regulatory qualifications in Hong Kong, Australia, the UAE and the British Virgin Islands. Liquidity Arena 2026 includes two tracks: Logic Frontier for AI developers, university teams and AI agent builders, and Liquidity Pro for hedge funds, prop desks and HFT teams managing larger pools of capital. LTP said the total reward pool exceeds $300,000, including more than $100,000 in cash prizes.

1210
LTP to Launch Liquidity Arena 2026 on July 20 for Live AI Agent Trading