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๐Ÿ‡บ๐Ÿ‡ธ Gillibrand and Boozman roll out new bipartisan paid leave bill

U.S. Senators John Boozman (R-AR) and Kirsten Gillibrand (D-NY) introduced the More Paid Leave for More Americans Act, legislation to expand access to paid leave through an innovative state-driven, public-private partnership model while creating a national framework that empowers employers to administer this benefit efficiently across state lines.

The bill would authorize a three-year pilot program through the U.S. Department of Labor (DOL) to help states, in partnership with private employers, offer paid family, caregiving or medical leave. It would also establish the Interstate Paid Leave Action Network (I-PLAN) โ€” a working group of participating states to foster collaboration, reduce compliance burdens and create a standardized system for processing interstate claims.

โ€œNo American should have to choose between earning a paycheck and caring for a new baby, a sick parent, or their own health,โ€ said Gillibrand. โ€œThe More Paid Leave for More Americans Act is a commonsense, bipartisan step toward solving a challenge facing millions of hardworking families.โ€


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๐Ÿ”ฅ $1.9 trillion asset manager T. Rowe Price launches first actively managed multi-token crypto ETF

T.Rowe Price has brought what it said is the industry's first actively managed multi-token spot crypto ETF to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather than a single token.

The launch marks a milestone for the Baltimore-based asset manager, which oversees $1.9 trillion in assets, as it expands its product lineup into digital assets. TKNZ is designed to hold a diversified basket of cryptocurrencies, including bitcoin, ether, BNB, XRP, XLM, solana (SOL) and Hyperliquid (HYPE), among other digital assets.

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๐Ÿ‡ฆ๐Ÿ‡บ Industry welcomes Australia's new National Office of AI

The Australian Government has announced the creation of a National Office of AI, following the Prime Minister's pledge to place "AI in Australia's interests" at the centre of technology policy. The office will lead national AI standards, governance and industry engagement across portfolios and signalling a more assertive approach to digital oversight.

"The focus must now extend beyond standards-setting to the real-world control of AI agents as they become embedded in business processes," โ€” said Ian Dempsey, Regional Director, Public Sector, UiPath Australia.


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๐Ÿ›ฐ๐Ÿ‡ฎ๐Ÿ‡น Starlink Mobile will be available in Italy with FASTWEB. The service will keep customers connected via apps and text messaging in remote areas without signal.

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๐ŸŽฎ Roblox launches an AI-powered game creation feature in its mobile app

Roblox announced a new feature called โ€œBuild,โ€ allowing users to design games from their mobile devices using AI. The Build feature lets anyone turn simple text prompts into a basic game without any programming experience.

โ€œPowered by a broad set of AI models, including both open-source and proprietary Roblox models, Build handles gameplay mechanics, environment, characters, visual style, sound, and more,โ€ โ€” the company wrote in a blog post.


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๐Ÿช™ Volvo Tests Proprietary Cryptocurrency

The Volvo Group is currently in the process of developing a proprietary cryptocurrency designed for supplier transactions, according to Ivan Branco, who leads information management, AI, and analytics for the Volvo Groupโ€™s logistics operations in Belgium.

Branco has noted that the company approaches these technologies from a perspective of business necessity. It is no longer about tech-first experimentation.

"The way I see blockchain is when I look at all the technologies that we use within our architecture, we first focus on the business value. We focus on a specific business need, business requirements, really understanding, okay, how can we help the business through these solutions," โ€” Branco stated.


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๐Ÿ’ฐ Visa says stablecoins will power micro-commerce in AI agentic economy

Visa and analytics firm Artemis released a research report highlighting how stablecoins will facilitate micro-commerce in the age of the agentic economy.

๐Ÿ“The report, titled "Agentic Payments from the Ground Up," examines the emergence of agentic commerce, where AI agents independently initiate and complete transactions.

โฌ‡๏ธ A central finding concerns the role of stablecoins in the future of commerce. According to the report there will be mainly two categories of agentic commerce:

โ†’ macro-commerce, in which agents act on behalf of humans for consumer-sized transactions such as booking travel or managing subscriptions;
โ†’ micro-commerce, which involves frequent sub-dollar payments between software systems for services such as API calls or compute resources.

While the report said traditional card rails remain well suited for macro-commerce, fixed fees associated with existing rails make sub-dollar micro-payments uneconomic. Newer blockchains have reduced settlement costs to fractions of a cent, which makes stablecoins a more viable option for such payments.

"In all likelihood, this won't come down to a choice between cards and stablecoins. Both will have a place," Visa said. "Cards are a good fit for the proxy and macro purchases that happen inside today's merchant networks. Stablecoins suit the machine-native micropayments."


โ—๏ธMeanwhile, Visa introduced the Visa Stablecoin Platform, an enterprise service that allows institutions to issue, store, transfer and redeem stablecoins through a single Visa-managed system.

The platform launched with support for Open USD, a recently introduced stablecoin from Open Standard, and includes tools for minting and redeeming the token along with wallet infrastructure for managing onchain assets. ๐Ÿš€

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๐ŸŒ๐Ÿค Twenty-nine countries sign agreement to establish global AI cooperation body

Twenty-nine countries signed an agreement to establish โ€‹the World AI Cooperation Organization, โ€Œan intergovernmental body China says aims to promote international cooperation and global โ€‹governance in AI.

Representatives from โ€‹the 29 countries, including Russia, Belarus, โ Serbia, Cuba, Brazil and Venezuela, โ€‹as well as 10 African โ€‹and 12 Asian countries, signed the agreement as founding members. The organization's headquarters will be โ€‹located in Shanghai.

#BRICS

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โšก๏ธ๐Ÿ‡ฌ๐Ÿ‡งAndy Burnham is now the leader of Britainโ€™s governing party, and is set to replace Keir Starmer as British prime minister on 20 July.

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๐Ÿ‘ฉโ€๐Ÿ’ป Linus Torvalds says 'Linux is not one of those anti-AI projects'

"I realize that some people really dislike AI, but this is an area where I'm willing to absolutely put my foot down [...] Linux is not one of those anti-AI projects.

AI is a tool, just like other tools we use. And it's clearly a useful one. It may not have been that "clearly" even just a year ago, but it's no longer in question today."


Torvalds' comments follow recent recommendations from the Software Freedom Conservancy around AI/LLMs and Linux kernel developers discussing the Sashiko AI code review that has become more prolific in the kernel development community these past few months.

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๐Ÿ•ต๐Ÿปโ€โ™‚๏ธ Florida man arrested after stealing $220,000 in crypto using malware hidden in Steam Games

Federal agents arrested a South Florida man and charged him with conspiracy to obtain information by computer for private financial gain.

In a 15-page federal criminal complaint, FBI agents said Zyaire Dontaevious Zamarion Wilkins, 21, of North Lauderdale, financed and procured the malware and then helped market the infected games, which were distributed on a โ€œpopular digital distribution software company.โ€ Games identified in the complaint โ€• BlockBlasters, Dashverse, Lunara and PirateFi.

Wilkins and others โ€œgained unauthorized access to approximately 80 cryptocurrency wallets and stole cryptocurrencies worth at least $220,000โ€ณ from May 2024 to this February by โ€œlaunch(ing) eight games embedded with malware and infect(ing) the devices of approximately 8,000 individual customers.โ€


According to the complaint, Wilkins and others helped market the games on social media and messaging applications, including Discord, Telegram, X and LinkedIn. The conspirators targeted specific victims, using bots โ€œto identify individuals with large cryptocurrency holdings and send them targeted messagesโ€ encouraging them to download the games.

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โš”๏ธ Xi pitches China as leader of new global AI order, challenging US dominance

Chinese President โ€‹Xi Jinping cast Beijing as the champion of a new global AI order. Xi urged countries to seize the "historic opportunity" of open-source AI, and pledged to help developing nations build AI capabilities, warning against the emergence of "new historical injustices" from unequal access to the technology.

"AI development and its application should not erode or undermine the diversity of world civilizations or the uniqueness of cultures of different countries.

We must shape the values of AI with humanity's common values and make good use of AI technologies to increase understanding, tolerance, exchanges, and sharing among all civilizations.

We should tend to the garden of civilizations with great care to ensure that the beauty of each civilization is appreciated and shared."


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๐Ÿค‘ DenelleDixon lays out the stakes of getting the x402 protocol right, and what the x402 Foundation will help steward

The x402 protocol is a payments enabler for internet-based transacting, developed by cryptocurrency exchange Coinbase and now stewarded by its eponymous foundation. The goal is to enable payments between AI agents, machines and users through the standard internet language Hypertext Transfer Protocol (HTTP), without requiring subscriptions or manual entry of credit card details and the like.

๐Ÿ”œ Denelle Dixon, CEO of Stellar Development Foundation, one of the premier members of the x402 Foundation, helped engineer open-source browsers during the first iteration of the internet. She witnessed firsthand when walled gardens were erected, and โ€œfive companies basically took over content on the web,โ€ leading to the advertising-driven attention economy that exists today.

โ€œYou don't want to be in a walled garden when you're dealing with money,โ€ Dixon said.


โ—๏ธThe stakes are high because AI agents, which will likely account for a large share of internet commerce, including some in the form of tiny micropayments, could completely reshape the web.

โ€œIt may seem nerdy to care about standards so much, but we have the opportunity to create this truly open public global financial system that everyone can have access to,โ€ Dixon added.


๐ŸŸ Other premier members of the x402 Foundation include Ripple, Visa, Mastercard, American Express, Stripe, Adyen, Fiserv, Shopify, Google, Amazon Web Services and Cloudflare, alongside Circle, MoonPay and the Solana Foundation.

โ€œBlockchain has already solved the issue of the underlying payment infrastructure of the web, but now it's actually really working because of this agentic piece. Itโ€™s being used, perhaps not at scale yet. But it will,โ€ Dixon added.


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๐Ÿ‡บ๐Ÿ‡ธ Congressman William Timmons on the importance of passing the CLARITY Act:

โ€œWell, I think that it's hard to even imagine what the world's going to look like in 20 years, but in order for us to continue to be the center of the global economy and to continue to provide the American dream that people have enjoyed for 250 years, we've got to get this right.


And that's the importance of passing the CLARITY Act. And we gotta then build on it. And there's other pieces of legislation that will continue to give the rules of the road to the free market to continue to innovate.โ€


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๐Ÿ‡ฎ๐Ÿ‡ณ Prime Minister Narendra Modi flags off India's first hydrogen-powered train between Jind and Sonipat

India Becomes the 6th Country to Launch a Hydrogen-Powered Train.

#BRICS

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๐Ÿ›ฐ Starlink Mini Lasers will deliver high-bandwidth connectivity to NASAโ€™s Orion Spacecraft during Artemis III

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๐Ÿฆ Bank of America taps new leaders to bridge crypto, AI and traditional finance

Bank of America has appointed new leaders to spearhead the firm's digital assets and AI strategies, following a trend of traditional financial institutions building specialized teams around the technologies.

๐ŸŸ Sonali Theisen was named head of BofA's global digital assets platform, while Kevin Milsom was tapped to serve as head of AI transformation.

Theisen will "oversee design, development, scaling and governance of the bankโ€™s digital-assets platform" on top of her current role leading electronic trading and strategic investments across the bankโ€™s fixed income, currencies and commodities division.


๐Ÿ”œ Her responsibilities will focus on bringing blockchain-based products into BofA's existing markets infrastructure, working alongside digital asset transformation chief Adam Dixon, who oversees "tokenized deposits and stablecoins, digital collateral mobility, cryptocurrency trading settlement and custody."

Milsom, meanwhile, is tasked with implementing AI across the bank's global markets platforms.

This follows similar efforts seen across many other Wall Street-native banks and institutions. ๐Ÿš€

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๐Ÿค– Neuralink's UK brain-implant trial is now running with seven patients

Elon Musk's brain-chip company has seven people in its UK study, called GB-PRIME, run with University College London Hospitals and Newcastle Hospitals. The patients all live with severe paralysis, from spinal cord injuries or motor neurone disease, that makes using a phone or computer by hand impossible.

The implant reads brain signals through more than 1,000 electrodes on threads finer than a human hair, placed by a surgical robot. It lets a person move a cursor and type using only their thoughts. The first UK patient controlled a computer within hours of surgery last year. The study is now expanding.

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๐Ÿ“ฑ ZTE Corp. showcased for the first time a lineup of co-designed smartphones with built-in AI services

The state-backed wireless firm demo-ed the NaviX Ultra, which it called the worldโ€™s first agentic AI smartphone, at Chinaโ€™s premier tech summit this week in Shanghai. It comes in four colors โ€” black, pink, white and blue โ€” and pulls up ByteDance Ltd.โ€™s popular AI agent Doubao with a voice command or the press of a button.

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