Latest news with #SolidusLabs
Business Insider
4 days ago
- Business
- Business Insider
Magic Newton Foundation Redefines Fair Token Launches with $NEWT
Inaugural launch addresses widespread industry calls for equitable token distributions and powers transparent AI finance The Magic Newton Foundation announced the launch of $NEWT, the native token of the Newton Protocol. The $NEWT token launch features best-in-class disclosure standards and transparent documentation, designed to promote equitable distribution and eliminate the insider advantages that have plagued cryptocurrency token distributions. Research by Solidus Labs revealed that since 2021, insiders have used decentralized exchanges to trade ahead of 56% of all ERC-20 token listing announcements, while a University of Technology Sydney study suggested between 10% and 25% of new crypto listings may have had insider trading activity. These findings have strengthened calls for the transparency measures championed by the Magic Newton Foundation. The design and distribution of $NEWT reflects the same principles of fairness, transparency and user control built into the Newton Protocol itself—infrastructure that enables secure AI automation for cryptocurrency operations while allowing users to maintain complete control of their assets. Newton addresses technical trust through verifiable AI agents, and the $NEWT token embodies economic trust through transparent token distribution. 'Not only is $NEWT unlocking secure AI-driven finance, but it's also correcting the information asymmetry problem that has plagued past token launches. With full onchain transparency, thorough documentation, and equitable distribution, the Magic Newton Foundation is committed to restoring trust,' said Mohammad Akhavannik, Managing Director at Magic Newton Foundation. 'Our number one priority is making verifiable automation accessible via a system built on fairness that users can count on.' The Magic Newton Foundation sets new industry benchmarks with the $NEWT token, earning praise from industry leaders like Coinbase, which tweeted from its Coinbase Assets X account 'The Magic Newton Foundation is sharing in-depth disclosures for their asset. We applaud this transparency on important topics like tokenomics, utility, and long-term project plans.' As detailed in its robust transparency disclosure packet, $NEWT token allocations are tagged in publicly disclosed wallet addresses and are trackable onchain or verified independently for any offchain holdings, preventing hidden allocations or surprise unlocks. The Foundation is allocating 60% of the 1 billion $NEWT supply directly to community initiatives, such as ecosystem development and growth, and community rewards, with quarterly transparency reports detailing token usage across all allocations. All team and contributor allocations are subject to 36-month vesting schedules with 12-month lock-up periods, designed to ensure long-term alignment. To support stability, fair community access to $NEWT, and overall transparency, the Foundation has publicly disclosed the key terms of its loan agreements with liquidity providers. These agreements do not include performance-based KPIs and require partners to comply with all applicable laws and regulations, including prohibitions on market manipulation. This approach stands in contrast to problematic token launches where opaque liquidity arrangements have contributed to community mistrust. $NEWT powers the Newton Protocol economy through four core functions: (i) securing the network through staking rewards for validators, (ii) serving as the native gas token and payment mechanism to issue, update or revoke onchain permissions, (iii) enabling agent operators to earn fees by providing automated services with $NEWT collateral, and (iv) giving token stakers governance rights to guide the Protocol's evolution. Newton Protocol addresses the growing demand for secure AI automation as current solutions force users to blindly trust AI agents to perform honestly, creating significant security and financial risks. The Protocol solves this through verifiable automation, allowing users to delegate tasks to AI agents while maintaining cryptographic proof that every action follows their exact instructions. Early supporters will be rewarded through a multi-tiered community rewards program to incentivize awareness, adoption, and engagement with the Newton Protocol. The Newton Protocol benefits from technical contributions by Magic Labs, which serves as the first core developer of the Protocol's open-sourced technology. Magic Labs has onboarded over 50 million embedded wallets since 2018 through partnerships with platforms including Polymarket and WalletConnect. $NEWT is now live on Coinbase, Upbit, Binance, Bybit, and Bithumb, among other select exchanges. About The Magic Newton Foundation The Magic Newton Foundation, with contributions from Magic Labs, oversees the research, development, and community initiatives of the Newton Protocol to transform fragmented, manual crypto workflows into trusted, automated execution, creating the infrastructure needed for safe AI-driven finance at scale. The Foundation stewards the Newton Protocol, a decentralized infrastructure layer for verifiable onchain automation and secure agent authorization. It enables protocols, DAOs, and users to execute complex actions through verifiable agents, without relying on centralized bots or offchain coordination. Users can securely authorize agents to act on their behalf using programmable permissions, ensuring that actions occur only under conditions they approve. By combining trusted execution environments (TEEs), zero-knowledge proofs, and a modular agent architecture, Newton Protocol brings automation fully onchain, enhancing transparency, composability, and trust. Contact Executive Director
News.com.au
13-06-2025
- Business
- News.com.au
How Trump's new crypto bill could affect stablecoins and the dollar
A new bill making its way through Congress aims to regulate stablecoins, most of which are pegged to the U.S. dollar. Should the bill become law, Solidus Labs' Chen Arad explores the implications for the stablecoin industry and the greenback.
CNBC
22-05-2025
- Business
- CNBC
Bitcoin surges to new record high above $111,000: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin continues its rally, hitting a brand new record. Plus, President Trump gears up to host a private dinner for the biggest buyers of his meme coin amid concerns from Democrats over potential conflicts of interest. Plus, Chen Arad of Solidus Labs discusses advancements for crypto legislation in the United States.
Business Upturn
22-05-2025
- Business
- Business Upturn
Solidus Labs Unveils Agentic-Based Compliance: A New Model for Trade Surveillance Operations
By Business Wire Published on May 22, 2025, 17:38 IST New York, United States: Solidus Labs , the category-definer in trade surveillance and risk monitoring for digital and traditional asset classes, today announced the launch of Agentic-Based Compliance, a groundbreaking model for surveillance operations that leverages a network of AI agents to deliver exponential efficiency, precision, and intelligence across the entire trade surveillance and transaction monitoring investigation lifecycle. Legacy compliance solutions have failed to keep up with the rapid modernization and growing complexity of global markets. Compliance teams are forced to work with a patchwork of disconnected and expensive tools that fail to deliver results efficiently. According to McKinsey , compliance analysts spend 80% of their time on low or moderate-risk issues, often repetitively resolving false positives or performing menial work. This inefficiency extends to market abuse detection: Despite the enormous resources and efforts invested in compliance technology, firms continue to face enforcement actions for missed manipulation. Research shows that market abuse like insider trading occurs in 20% of mergers and acquisitions and 5% of quarterly earnings announcements in U.S. markets. More broadly, only 4% of Suspicious Activity Reports (SARs) lead to law enforcement investigations. This isn't a failure of effort – it's a failure of architecture. Built on Solidus' proprietary platform, HALO, Agentic-Based Compliance reimagines how financial institutions detect, investigate, and resolve market abuse risks. It replaces legacy systems and siloed workflows with a unified, intelligence-led architecture powered by autonomous AI agents that augment human analysts and operate across a multi-dimensional risk environment. 'Agentic-Based Compliance is the only way compliance teams can stay ahead of emerging complexities like 24/7 off-platform trading, enhanced retail participation and the heightened risks they carry for cyber-enhanced financial crimes and cross-product and cross-market manipulation,' said Asaf Meir, Founder and Chief Executive of Solidus Labs. 'Our vision is simple: Compliance operations should be as scalable, intelligent, and efficient as the markets they're designed to protect. Solidus' Agentic-Based Compliance delivers just that, solving for tech sprawl, alert fatigue, talent shortage and surveillance blind spots that cost firms thousands of hours and can reach billions of dollars in losses and fines.' HALO embeds a fleet of purpose-built AI agents, each designed to streamline a specific stage of the compliance investigation lifecycle — from signal enrichment and alert remediation to model testing, OSINT intelligence feeds, case management, and regulatory reporting. Born in crypto's highly fragmented and complex environment, Solidus' Agentic-Based Compliance is future-proof by design for all asset classes, leading to 20X faster investigations and saving compliance analysts as much as 5 hours of menial work per day. Like all Solidus Labs' solutions, it was developed in tandem with regulatory feedback – aligning with the current and evolving demands of modern financial markets, including the imperatives of market abuse regulations in the U.S., EU, and other leading jurisdictions. Poised to power the next generation of surveillance operations, Solidus' Agentic-Based Compliance is already gaining traction among forward-looking financial firms seeking to modernize their compliance capabilities and reduce operational strain. To learn more, visit . About Solidus Labs Solidus Labs is the category-definer for Agentic-Based Compliance in trade surveillance and risk monitoring. Founded in 2018 by Goldman Sachs veterans, the company merges Wall Street rigor, crypto-native innovation, and cybersecurity principles to reinvent compliance for the modern financial era. At the core is HALO, an AI-powered risk-based platform trusted by financial institutions, crypto firms, and regulators globally to drive proactive, intelligence-led oversight — across any product, venue, or asset class. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
National Post
22-05-2025
- Business
- National Post
Solidus Labs Unveils Agentic-Based Compliance: A New Model for Trade Surveillance Operations
Article content NEW YORK — Solidus Labs, the category-definer in trade surveillance and risk monitoring for digital and traditional asset classes, today announced the launch of Agentic-Based Compliance, a groundbreaking model for surveillance operations that leverages a network of AI agents to deliver exponential efficiency, precision, and intelligence across the entire trade surveillance and transaction monitoring investigation lifecycle. Article content Article content Legacy compliance solutions have failed to keep up with the rapid modernization and growing complexity of global markets. Compliance teams are forced to work with a patchwork of disconnected and expensive tools that fail to deliver results efficiently. According to McKinsey, compliance analysts spend 80% of their time on low or moderate-risk issues, often repetitively resolving false positives or performing menial work. This inefficiency extends to market abuse detection: Despite the enormous resources and efforts invested in compliance technology, firms continue to face enforcement actions for missed manipulation. Research shows that market abuse like insider trading occurs in 20% of mergers and acquisitions and 5% of quarterly earnings announcements in U.S. markets. More broadly, only 4% of Suspicious Activity Reports (SARs) lead to law enforcement investigations. This isn't a failure of effort – it's a failure of architecture. Article content Built on Solidus' proprietary platform, HALO, Agentic-Based Compliance reimagines how financial institutions detect, investigate, and resolve market abuse risks. It replaces legacy systems and siloed workflows with a unified, intelligence-led architecture powered by autonomous AI agents that augment human analysts and operate across a multi-dimensional risk environment. Article content 'Agentic-Based Compliance is the only way compliance teams can stay ahead of emerging complexities like 24/7 off-platform trading, enhanced retail participation and the heightened risks they carry for cyber-enhanced financial crimes and cross-product and cross-market manipulation,' said Asaf Meir, Founder and Chief Executive of Solidus Labs. 'Our vision is simple: Compliance operations should be as scalable, intelligent, and efficient as the markets they're designed to protect. Solidus' Agentic-Based Compliance delivers just that, solving for tech sprawl, alert fatigue, talent shortage and surveillance blind spots that cost firms thousands of hours and can reach billions of dollars in losses and fines.' Article content HALO embeds a fleet of purpose-built AI agents, each designed to streamline a specific stage of the compliance investigation lifecycle — from signal enrichment and alert remediation to model testing, OSINT intelligence feeds, case management, and regulatory reporting. Article content Born in crypto's highly fragmented and complex environment, Solidus' Agentic-Based Compliance is future-proof by design for all asset classes, leading to 20X faster investigations and saving compliance analysts as much as 5 hours of menial work per day. Like all Solidus Labs' solutions, it was developed in tandem with regulatory feedback – aligning with the current and evolving demands of modern financial markets, including the imperatives of market abuse regulations in the U.S., EU, and other leading jurisdictions. Article content Poised to power the next generation of surveillance operations, Solidus' Agentic-Based Compliance is already gaining traction among forward-looking financial firms seeking to modernize their compliance capabilities and reduce operational strain. Article content Solidus Labs is the category-definer for Agentic-Based Compliance in trade surveillance and risk monitoring. Founded in 2018 by Goldman Sachs veterans, the company merges Wall Street rigor, crypto-native innovation, and cybersecurity principles to reinvent compliance for the modern financial era. At the core is HALO, an AI-powered risk-based platform trusted by financial institutions, crypto firms, and regulators globally to drive proactive, intelligence-led oversight — across any product, venue, or asset class. Article content Article content Article content Contacts Article content Article content Article content
