Adobe made a mobile app for its Firefly generative AI tools

Adobe’s Firefly apps, now available on iPhone and Android. The all-in-one platform for Adobe’s Firefly-branded generative AI models is now available on iPhone and Android devices. The new Firefly mobile app allows users to generate images and videos using text descriptions and experiment with popular AI photo editing tools, enabling creatives to generate assets for … Read more

a16z Bets Big on EigenLayer Again With $70M Token Buy to Back ‘EigenCloud’ Launch

Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EigenLayer, Ethereum’s largest restaking protocol, to support the launch of EigenCloud, a new platform offering “verifiability-as-a-service” for developers, the companies said on Tuesday. The investment follows a16z’s $100 million Series B in Eigen Labs in February 2024, and underscores its commitment to … Read more

CoinDesk Indices, Sentora Unveil Stablecoin Overnight Rates to Mirror Money Market Tools

CoinDesk Indices and decentralized finance (DeFi) specialist Sentora are introducing a benchmark tied to overnight stablecoin lending rates, bringing on-chain markets one step closer to mainstream money markets. The CoinDesk Overnight Rates (CDOR) are designed to transform real-time borrowing activity into standardized rates, giving trading firms, exchanges, and protocol treasuries a way to hedge interest-rate … Read more

Stablecoin Clearing Startup Ubyx Raises $10M Round Backed by Galaxy, Coinbase, Others

Ubyx, a startup founded by ex-Citigroup executive Tony McLaughlin, has raised $10 million to build a global stablecoin clearing system aiming to facilitate the sector’s adoption. The seed round was led by Galaxy Ventures, with backing from Coinbase Ventures, Founders Fund, Paxos, VanEck, and others, according to a press release. The London-based company is looking … Read more

Life with the Nintendo Switch 2

The Nintendo Switch 2 is great. In many ways, it’s exactly what we hoped for: a Switch, only better. And yet there’s something… underwhelming about it. Maybe it’s unfair, but we’ve come to expect Nintendo to consistently amaze us with either how its consoles work or the games you can play with them. In this … Read more