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Sony Takes Action Against AI Misuse of Music
Sony Music Entertainment, one of the world's largest record companies representing popular bands like AC/DC and Nickelback, has issued warning letters to AI developers. According to the Financial Times, recipients include OpenAI, Microsoft, Google, Suno, and over 700 other startups. 
Indonesian Elections to Shape the Nation's Crypto Future
Indonesia's upcoming elections are poised to be a pivotal moment for the nation's approach to cryptocurrencies. Incumbent President Joko Widodo has been supportive of crypto companies and startups, despite implementing comprehensive regulations across the sector, including trading exchanges. 
Crypto Startups Attract $2.7 Billion in Funding
According to a PitchBook report, crypto startups raised $2.7 billion in the second quarter of 2024 across 503 deals. This marks a 2.5% increase from the previous quarter but a 9.8% decrease from the same period last year. Additionally, the deal count fell by 12.5% from the first quarter of 2024. Ukrainian Startup OpenDelta to Issue BTC-Backed Synthetic Dollar
Bitcoin-based development is a growing trend in crypto. It became possible due to protocol improvements, mainly the Taproot upgrade. Taproot has enabled developers to build apps and tokens on top of Bitcoin. Among the rising Bitcoin-focused startups is OpenDelta, a company with Ukrainian roots. 
Neoclassic Capital Enters the Crypto Investment Arena
Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms. Injecting Capital into Innovation: Hack VC's New Funding
Hack VC, a U.S.-based venture capital firm, has successfully amassed $150 million for investments in digital asset-related projects. The company is setting its sights on early-stage startups, with a portion of its team already operating from its New York base. 
European Union to Boost AI Sector Growth
The European Commission is rolling out a comprehensive package of measures to encourage the development of artificial intelligence (AI) among startups, alongside small and medium-sized enterprises. This strategic plan is consistent with EU principles and guidelines. PitchBook: Venture Capitalists Shifting Away from Crypto Startups
AI startups retain their status as venture capital favorites, while the cryptocurrency sector faces a waning interest. Recognized as one of the most over-invested market segments, the crypto industry's outlook is becoming increasingly cautious, as highlighted in PitchBook's recent VC Tech Survey.