Upbit, South Korea’s largest cryptocurrency exchange, has confirmed it will list Cap (CAP) in its KRW, BTC, and USDT markets. This listing is significant as Upbit accounts for over 80% of the domestic market’s trading volume, potentially providing Cap with a substantial boost in exposure. The move could further attract institutional interest in Cap as a governance token for its innovative covered credit model, according to a recent tweet by @WuBlockchain.
The broader crypto market is showing mixed signals, yet the announcement of Cap’s listing on Upbit highlights a positive development amid volatility. Cap operates as an onchain credit and stablecoin protocol, offering unique features such as dollar-denominated cUSD and yield-bearing stcUSD. This could enhance user engagement and trading activity as more investors seek exposure to emerging digital assets. Additionally, this listing aligns with growing institutional interest in cryptocurrencies, further positioning Cap as a player in the evolving market landscape.
Currently, Cap (CAP) is gearing up for this significant listing, although specific trading volume remains unreported. The market context suggests a potential increase in trading activity once Cap becomes available on Upbit, particularly given the exchange’s dominant position in South Korea. This could stimulate interest from both retail and institutional investors, reflecting broader trends in the crypto market where new listings often drive price momentum.
Cap is an innovative onchain credit and stablecoin protocol designed to facilitate decentralized finance through a covered credit model. This model aims to provide users with stablecoin options that are both secure and yield-bearing, thus appealing to a wide range of crypto investors. Upbit’s decision to list Cap underscores the exchange’s commitment to expanding its offerings and catering to the growing demand for diverse digital assets.
Traders should keep an eye on Cap’s trading activity following its listing on Upbit. The implications of this listing may lead to increased liquidity and interest in the token, particularly as institutional players look for new opportunities. Monitoring volume trends and market reactions in the coming days will be crucial for understanding Cap’s performance and potential price movements.
This article is for informational purposes only and does not constitute financial advice.
The post Upbit Confirms Listing of Cap (CAP) in KRW, BTC, and USDT Markets appeared first on Coinfomania.
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Meta has become the latest major AI company to disclose that one of its models hacked another company’s systems during testing, following similar incidents involving Anthropic and OpenAI. The model involved Meta’s Muse Spark 1.1, which launched in July, according to The Information, citing sources. The issue reportedly stemmed from a misconfiguration by Irregular, an artificial intelligence security testing and red-teaming firm, which inadvertently gave the model internet access during an evaluation. The model “exploited a security vulnerability in a third-party service, in a manner similar to previously reported instances with other companies,” Meta told Reuters in a statement. The incident is the latest case of an advanced AI agent becoming a cybersecurity risk in its own right, and also has raised questions about where the liability lies — the companies that develop the agents, or the ones that design the sandboxes meant to contain them. Related: Mysten Labs tech chief joins Anthropic to work on AI securityMeta’s AI breach comes just a week after Anthropic said its models got access to the internet to hack an external company, due to a configuration error relating to the Irregular’s testing environment.In a blog post on July 30, Anthropic said it found three incidents (out of 141,006 evaluation runs) in which a Claude model reached the internet during an evaluation, before gaining unauthorized access to the systems within three different organizations. All three incidents happened within or while interacting with the evaluation environment of Irregular, and involved a misconfiguration that left machines that Claude accessed with live internet access.Cointelegraph reached out to Meta and Irregular for comment.In July, AI agents developed by OpenAI broke out of their offline sandbox to hack Hugging Face in order to cheat on a security benchmark test in July. Charles Guillemet, chief technology officer of Ledger, said the latest incident was “marketing theatre.”“Having a model ‘go rogue’ has become the latest AI PR stunt,” he said on Wednesday. “If your model isn’t escaping sandboxes, ‘hacking’ companies, or pulling off some headline-grabbing exploit, apparently you’re falling behind… The industry doesn’t need bigger stunts, it needs more trust.”Magazine: Do the Coldcard attacks mean all hardware wallets are now insecure?
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