Latest news with #IlliaPolosukhin
Business Insider
23-07-2025
- Business
- Business Insider
Everclear Secures Strategic Investment From NEAR Foundation to Scale Cross-Chain Clearing
Today, Everclear, the cross-chain clearing and settlement protocol for digital assets, announced a strategic investment and partnership with the NEAR Foundation. This partnership entails a long-term commitment by both teams to advance cross-chain clearance and settlement with NEAR's tech. NEAR Foundation's capital deployment includes provision of solver capital aimed at unlocking liquidity to meet the growing demand for Everclear's offerings and a multi-faceted strategic investment, signaling support for the CLEAR community. Powering Intents-Based Interoperability The cross-chain intents market is seeing significant momentum with new chains coming in and a stablecoin explosion–transaction fees are already often as low as 0.01% and settlement times are often seconds, which creates a perfect set-up for further growth. Everclear, which recently surpassed $1B in total transaction volume, introduces a DeFi primitive that enables clear and net-off bi-directional cross-chain liquidity flows at zero cost. To further strengthen its robust clearing and netting infrastructure, Everclear will integrate with the NEAR technology stack and scale the amount of available liquidity in the protocol with additional resources. Illia Polosukhin, NEAR co-founder, stated: "Unifying liquidity for both human and AI users is a key mission for NEAR and the Intents ecosystem. We're happy that Everclear will utilize NEAR Intents for cross-chain clearing and settlement amidst the proliferation of stablecoins, chains, and new asset types in the market today – we see a great opportunity in our work together." 'Partnering with the NEAR Foundation enables Everclear to scale liquidity and target billions in monthly volume over the next 12 months,' said Dima Khanarin, Everclear Foundation CEO. 'With hundreds of stablecoins and new appchains like Robinhood launching, the cross-chain clearing market for digital assets is poised to surpass $1Trillion.' Since March 2025, Everclear has: About Everclear Everclear is the first cross-chain clearing and settlement protocol, enabling efficient movement of liquidity across blockchain networks. Like Visa and SWIFT in traditional finance, Everclear coordinates liquidity flows across decentralized ecosystems—eliminating fragmentation and unlocking a more connected digital asset economy. Everclear is backed by NEAR Foundation, Pantera Capital, Polychain, 1kx, Hashed, ConsenSys, and the Ethereum Foundation. X: About NEAR Protocol NEAR Foundation is the blockchain for AI. A high-performance, AI-native platform built to power the next generation of decentralized applications and intelligent agents. It provides the infrastructure AI needs to transact, operate, and interact across Web2 and Web3. NEAR combines three core elements: User-Owned AI, which ensures agents act in users' best interests; Intents and Chain Abstraction, which eliminate blockchain complexity for seamless, goal-driven transactions across chains; and a sharded blockchain architecture that delivers the scalability, speed, and low-cost execution needed for real-world AI and Web3 use. This integrated stack makes NEAR the foundation for building secure, user-owned, AI-native applications at internet scale. CEO
Yahoo
04-07-2025
- Business
- Yahoo
NEAR Protocol Surges 10% Before Profit-Taking Halts Rally
AI-focused NEAR token halted its 10% rally on Thursday as traders began to take profits from a rally that was spurred by Bitwise's announcement that it is launching a NEAR exchange traded product (ETP) in Germany. "The NEAR Staking ETP on Xetra opens a new bridge to NEAR for institutions by providing a regulated, exchange-traded way to earn staking rewards," Illia Polosukhin told CoinDesk. "Investors gain compliant access to the NEAR ecosystem and user-owned AI without needing to handle private keys or node operations, and with full price transparency.' The token has now established a key level of support at $2.26 as it looks to consolidate before continuing to the upside. Technical analysis NEAR established strong support at $2.26 with above-average volume during the 24-hour period from 2 July 16:00 to 3 July 15:00. Price broke through the $2.30 resistance level in the early hours of 3 July, reaching a new high at $2.36 during the 08:00 hour with substantial volume confirmation. The 23.6% Fibonacci retracement level provided support during the profit-taking phase, suggesting the underlying uptrend remains intact. During the 60-minute period from 3 July 14:50 to 15:49, NEAR experienced a steep sell-off at 15:04-15:07, where volume spiked to over 310,000 units. A new support zone has been established between $2.26-$2.27, with the closing price of $2.26 suggesting continued bearish pressure in the short term. CoinDesk 20 Index Jumps 2% Before Late Session Selloff Over the last 24 hours from 3 July 15:00 to 2 July 16:00, CD20 exhibited significant volatility with an overall range of $37.27 (2.11%), reaching a peak of $1,811.11 during the 14:00 hour on 3 July before sharply retracing to $1,791.50 by session close. The asset demonstrated remarkable strength during the mid-session rally, gaining over $21 (1.18%) from its overnight low of $1,778.85, with particularly aggressive buying momentum observed during the 09:00 and 13:00 hours that suggests institutional accumulation despite the late session profit-taking.
Fox News
26-02-2025
- Business
- Fox News
Fox News AI Newsletter: Meet the AI real estate agent making millions
IN TODAY'S NEWSLETTER: - First-ever AI real estate agent generates $100M in sales in Portugal - NEAR AI makes sure artificial intelligence protects user interest, CEO says - iPhone voice recognition controversy: 'Racist' converts to 'Trump' ALWAYS CLOSING: Artificial intelligence is taking the world by storm and the real estate industry is no exception. Israeli startup eSelf AI is making it possible for customers to get their questions answered whether it's 3:00 in the afternoon or 3:00 in the morning. ESSENTIAL AI: NEAR A.I. co-founder and CEO Illia Polosukhin says A.I. is starting to become a fundamental part of peoples' digital life on 'The Claman Countdown.' VOICE RECOGNITION CONTROVERSY: When one says "racist" into an iPhone, the voice-to-text feature indeed initially typed "Trump" before quickly correcting it to "racist." MOVING TO A FAKE CITY: There is a futuristic city designed and built from the ground up in Japan to test the latest technologies. It's called Woven City, and it's a bold experiment by Toyota to transition from being just an automaker to a broader mobility company focused on the future of movement. LOOMING THREAT: Threat actors, some likely based in China and Iran, are formulating new ways to hijack and utilize American artificial intelligence models for malicious intent, including covert influence operations, according to a new report from OpenAI. FOLLOW FOX NEWS ON SOCIAL MEDIA FacebookInstagramYouTubeTwitterLinkedIn SIGN UP FOR OUR OTHER NEWSLETTERS Fox News FirstFox News OpinionFox News LifestyleFox News Health DOWNLOAD OUR APPS Fox NewsFox BusinessFox WeatherFox SportsTubi WATCH FOX NEWS ONLINE STREAM FOX NATION Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future with Fox News here.
