On April 28, AI startup Ineffable Intelligence, founded by former Google DeepMind core researcher David Silver, announced it has completed a seed funding round of up to $1.1 billion, setting a record for the largest seed investment in European history. Founded at the end of 2025, the company achieved this funding within just a few months of its establishment, with a valuation of $5.1 billion. The funding round was co-led by Sequoia Capital and Lightspeed, with participation from investors including NVIDIA, DST Global, Index Ventures, as well as Google and the UK Sovereign AI Fund. Ineffable Intelligence will focus on reinforcement learning technology, allowing AI to learn from its own experiences rather than relying on human-provided training data. This approach contrasts with the majority of mainstream AI models that are based on training with web text and is seen as an important direction towards achieving higher-level artificial intelligence. (Dongxin News Agency)
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AI Startup Ineffable Intelligence Secures $1.1 Billion Seed Funding, Valued at $5.1 Billion
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SEC Chair Discusses Clarity Act: Codified Law Provides Greater Assurance for the Future
On April 28, during the Bitcoin 2026 Conference, SEC Chair Gary Gensler spoke about the Clarity Act, stating that the U.S. Securities and Exchange Commission has considerable operational flexibility under the regulations. However, we are constrained by existing authorities, which, despite some amendments over the years, fundamentally remain rooted in the framework established in the 1930s. This is why having a piece of legislation is so important; it can shield future developments from adverse impacts, allowing us to leverage new authorities and the flexibility provided by the Act. We can collaborate with the Commodity Futures Trading Commission to coordinate and clarify definitions, and further develop from there. But again, nothing provides greater assurance for the future than codified law, coupled with sound judicial opinions that engrave the provisions of the law in stone through the mechanisms of the entire court system. Therefore, all of this is very important, but we are focused on efforts to simplify processes, enhance efficiency, and assist innovators in their endeavors, enabling them to operate with certainty rather than being stifled by those who jealously guard the existing ways of doing things. However, we must ensure that we remain at the forefront of innovation in the United States. -
Meta Prepares to Withdraw Acquisition of Manus; Investors Including Tencent Plan to Cooperate
On April 28, the Wall Street Journal reported, citing informed sources, that after the Office of Foreign Investment Security Review under China's National Development and Reform Commission made a legal decision to prohibit foreign investment in the Manus project, Meta is preparing to withdraw from the acquisition deal. According to sources, if Meta proceeds with the withdrawal process, several former Asian investors in Manus, including Tencent, Sequoia China, and ZhenFund, have planned to cooperate. -
US Spot Bitcoin ETF Sees Net Outflow of $263.2 Million Yesterday
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US Spot Ethereum ETF Sees $50.4 Million Net Outflow
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DeFi United Raises Over 132,000 ETH to Fully Cover Kelp DAO Attack Losses
As of April 28, the latest data shows that DeFi United, initiated by Aave in response to the Kelp DAO hacking incident, has raised over $300 million in 132,000 ETH, fully covering the $292 million loss from the issuance of rsETH due to the attack on Kelp DAO. The main contributors to this rescue effort include: Arbitrum DAO with 30,765 ETH recovered; Consensys and founder Joseph Lubin providing 30,000 ETH; Mantle contributing 30,000 ETH; Aave DAO with 25,000 ETH; Aave founder Stani Kulechov with 5,000 ETH; Ether.Fi with 5,000 ETH; Lido with 2,500 ETH; Kelp with 2,000 ETH; Golem Foundation with 1,000 ETH; Aave engineering senior vice president Emilio Frangella with 500 ETH; and BGD Labs and co-founder Ernesto with 350 ETH. -
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China Halts Meta's Acquisition of Manus, Meta Responds
On April 28, Chinese authorities announced the halt of U.S. tech giant Meta's acquisition of the artificial intelligence startup Manus, requiring the parties involved to withdraw the acquisition deal. The National Development and Reform Commission of China stated on its official website on April 27 that the Office of the Foreign Investment Security Review Mechanism 'legally and in accordance with regulations made a decision to prohibit investment in the foreign acquisition of the Manus project, requiring the parties to withdraw the acquisition transaction.' On the same day, Meta issued a statement asserting that the deal complies with applicable laws and expressed hope that the issues raised by the Chinese side would be resolved appropriately, but did not provide further details. Meta announced the $2 billion acquisition of Manus at the end of December last year, and China confirmed its investigation into the matter in January of this year. (Dongxin News Agency) -
Trump Expresses Discontent with Iran's Proposal to Reopen Strait of Hormuz
On April 28, several individuals familiar with the internal discussions in the White House Situation Room revealed that President Trump has informed his aides that he does not accept Iran's latest proposal to reopen the Strait of Hormuz and end hostilities. According to officials from both the U.S. and Iran familiar with the negotiation details, the proposal also demands that the U.S. lift its maritime blockade while deliberately sidelining issues related to Iran's nuclear program. Iran has repeatedly rejected U.S. demands to suspend its nuclear program and surrender its stockpile of highly enriched uranium. The specific reasons for Trump's dissatisfaction with the proposal remain unclear, but he has consistently taken a hardline stance, stating that he will never allow Iran to develop nuclear weapons. A U.S. official admitted that accepting the proposal could prevent Trump from achieving a political victory. (Dongxin News Agency) -
U.S. Senate Has Approximately 9 to 10 Working Weeks Left to Advance the Clarity Act as August Deadline Approaches
On April 28, as revisions to the Clarity Act are expected to take place in May, the cryptocurrency industry is calculating how much time is left to pass comprehensive market structure legislation through a shrinking legislative window. "We have about 13 weeks left in the Senate, and we need to get some things done," said Ji Kim, CEO of the Crypto Council for Innovation, in an interview with Crypto In America, emphasizing what many in Washington see as the real deadline: getting the bill to President Trump’s desk before the August recess, when lawmakers will shift their focus to the midterm elections. Although Kim mentioned there are about 13 weeks remaining, the actual time window is tighter. Once the recess is factored in, the Senate effectively has only 9 to 10 working weeks to advance the bill, as legislators also have to deal with a busy agenda that includes the upcoming Foreign Intelligence Surveillance Act (FISA) deadline, initiating budget resolution mediation, and passing the Department of Homeland Security funding bill. However, first, the bill must pass through the Senate Banking Committee, where it has been stalled since January due to the failure to secure key industry support, delaying the initial revisions. The hoped-for April revisions are now out of reach, as Senator Thom Tillis (R-NC) requested more time from Committee Chairman Tim Scott (R-SC) to propose a compromise on stablecoin yields and incentives to the banking industry. "For me, the most important thing is not to rush the process, to hear from everyone, and to provide a rational basis for what we accept and do not accept," Tillis told reporters last week.
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