Elon Musk's xAI will provide computing power to programming startup Cursor, utilizing thousands of GPUs to train its new code model. This shift enhances xAI’s role in computing services, potentially increasing revenue and addressing operational costs amid ongoing losses.

Gate News update: On April 17, according to Gate market data, as of the time of writing, MOVR (Moonriver) is trading at $2.96. It is up 132.99% over the past 24 hours, reaching a high of $2.97 and falling to a low of $1.25. The total 24-hour trading volume is $494.5k. The current market cap is approximately $33.7163 million. Moonriver is an EVM-compatible blockchain running on the Kusama network, providing developers with features such as deploying Solidity smart contracts, Web3-compatible APIs, oracle data, and Ethereum network bridge relays. MOVR is the platform’s utility and governance token. It can be used to pay transaction fees, for network governance, to earn rewards by participating in network consensus through staking, and to provide liquidity for decentralized exchanges built on the Moonriver blockchain. As the Kusama ecosystem version of Moonbeam, Moonriver won eligibility for a parachain slot auction through a crowd sale, giving developers a sandbox environment to test new code under real economic conditions, with full Ethereum compatibility and efficient smart contract execution capabilities.

NAT has launched on SpiderPool, enabling dual-mining with Bitcoin without extra setup. It generates 386 million NAT per block every 10 minutes, valued at $38, with a total market cap of $38 million. The code is open-source.

0G Labs launched the 0G App, a no-code platform enabling users to create AI applications through natural language. It combines decentralized computing and AI capabilities, addressing centralization issues while enhancing privacy. This launch aims to boost AI Agent adoption and integrates with 0G's broader AI economy.

Claw Intelligence has secured $3 million in seed funding to simplify user interactions with Web3 ecosystems. Its platform uses a Model Context Protocol to streamline data and includes features like a secure code execution sandbox and LLM-powered device control.

University of California researchers warn that some third-party AI large language model routers have security risks, which could lead to crypto assets being stolen. Testing found multiple routers injecting malicious code to steal credentials. Developers are advised to avoid transmitting private keys through AI agents and to strengthen security measures.

Gate News update, April 12, Bloomberg ETF analyst Eric Balchunas disclosed that Bitwise has once again updated its Hyperliquid ETF application filings. The trading symbol is set to BHYP, and the management fee is 67 basis points (0.67%). Eric Balchunas said that this move typically means the ETF will be launched soon.

Gate News message, April 11, investment bank TD Cowen analyst Lance Vitanza lowered MicroStrategy (stock code MSTR)’s target share price from $440 to $350, and maintained a Buy rating. TD Cowen manages $15 billion in assets.

Bitwise filed an amendment for its spot Hyperliquid ETF with the SEC on April 11, adding the trading code BHYP, with a management fee of 0.67%. Analysts noted that these updates often signal that a product is about to launch. Bitwise, Grayscale, and 21Shares are competing for the right to issue the first Hyperliquid spot ETF.

Gate News message, April 11, Bloomberg ETF analyst Eric Balchunas revealed that Bitwise has once again updated its Hyperliquid ETF application documents. The trading ticker is set to BHYP, and the management fee is 67 basis points (0.67%). Eric Balchunas said this move typically means the ETF will be formally launched soon.