Aave-Led ‘DeFi United’ Relief Effort Raises $300 Million to Cover Kelp DAO Exploit Losses

In brief DeFi United has received enough contributions to potentially restore rsETH, receiving contributions worth $303 million, as of Monday. The coordinated relief effort has drawn participation from across the crypto industry, including contributions from Consensys and the Avalanche Foundation. The total amount raised was contingent on governance proposals, including one on Arbitrum that’s expected…

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OpenAI Is Building Its Own Smartphone Chip With Qualcomm and MediaTek: Report

In brief Analyst Ming-Chi Kuo reports OpenAI is co-developing a smartphone chip with Qualcomm and MediaTek, with Luxshare as exclusive manufacturing partner and mass production targeting 2028. Qualcomm surged as much as 12% intraday on the unconfirmed analyst report, partially recovering from its 13% year-to-date decline. The reported phone would replace apps with AI agents….

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