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Xi proposes AI center and $280 million funding at SCO summit
Chinese President Xi Jinping announced plans for a Shanghai Cooperation Organization artificial intelligence center during the bloc's leaders' summit in Tianjin on September 1. China will provide 2B yuan ($280M) in grants this year and 10 billion yuan in loans over three years to support the initiative. 
In a recent courtroom confession, Ryan has agreed to pay a $6 million fine to the US government, reimburse FTX creditors with $5 million, and forfeit two Massachusetts properties along with his Porsche. The former FTX executive admitted to illicit campaign financing and running an unlicensed money transfer business. “I made $10 million in political contributions and called them loans, which I never intended to repay,” said Salame. He could face up to 10 years in federal prison. 
A Twitter user speculates that the Curve founder may be linked to the platform exploit based on a peculiar word choice. The hacker referred to users' reactions to the recent security breach as “ridiculous,” a term frequently used by Michael Egorov.
Additionally, concerns arise over Curve founder’s collateralized loans, with potential liquidation just weeks away.
The coincidence of “ridiculous” being mentioned around 20 times in the tweet makes this theory intriguing.
Furthermore, despite the deadline for fund reimbursement passing last night, the hacker has yet to return all stolen assets from the pools.
Curve Finance is offering a $1.85 million reward for anyone who can unmask the hacker. 
The NFTFi market is witnessing a significant revival, with the Blur Blend NFT collateralized lending platform playing a crucial role. Following its launch, the total value of loans on the network has surpassed $67 million, reaching a six-month record, according to data from Dune Analytics.
Currently, Blur Blend dominates the NFTFi market, accounting for a staggering 75% of the total volume of all loans in the sector. This resurgence has prompted renewed interest in the potential of NFT-backed lending and its applications within the broader blockchain and crypto ecosystem.
To learn more about the NFTFi space and how it could become a new trend in 2023, read the full article on the website. 
Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock. 
Liquity USD (LUSD): A DeFi Stablecoin Review
Liquity USD, or LUSD, is a stablecoin that maintains a 1:1 peg with the US dollar. It's used by the Liquity lending protocol as the primary asset for issuing loans backed by Ethereum (ETH). When LUSD is repaid, the loan is resolved, and the ETH collateral is returned to the owner at its nominal value. 
