<![CDATA[<figure class="image"><img src="https://cimg.co/news/124314/328162/adobestock-soulmyst-1.jpeg" srcset="https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_4595_2585.jpeg 4595w, https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_1200_675.jpeg 1200w, https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_900_506.jpeg 900w, https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_720_405.jpeg 720w, https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_600_338.jpeg 600w, https://cimg.co/news/124314/328162/responsive-images/adobestock-soulmyst-1___media_library_original_300_169.jpeg 300w" width="4595" class="content-img" alt=""><figcaption>Source: AdobeStock / SoulMyst</figcaption></figure><p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news &ndash; investigating the stories flying under the radar of today&rsquo;s crypto news.</i><br>__________</p><h2 id="investment-news">Investment news</h2><ul><li><strong>SOMA Finance</strong>, <strong>MANTRA</strong>'s and <strong>Tritaurian Capital</strong>'s joint venture, <a href="https://twitter.com/SOMA_finance/status/1699343932080238629">confirmed</a> that it's planning to offer the first legally issued digital <a href="https://cryptonews.com/tags/securities/">security</a> to both global and <a href="https://cryptonews.com/news/robinhood-ends-crypto-partnership-with-jump-trading-whats-going-on.htm">US</a> retail investors this month. The team said that they've been "working hard to bring you a revolutionary decentralized marketplace for digital assets, compliant digital securities and <a href="https://cryptonews.com/news/sports-platform-sorare-unveils-3d-digital-football-player-cards-with-ar-integration-launches-virtual-treasure-hunt.htm">NFTs</a> that offers a safer way to <a href="https://cryptonews.com/news/dydx-token-receives-full-community-support-for-dydx-chain-integration.htm">DeFi</a>." This, they added, starts with the "imminent" token launch of the SOMA token, described as "a legally issued and compliantly structured digital security that offers tangible benefits to token holders, including dividends and corporate ownership."</li><li><a href="https://cryptonews.com/tags/bitget/"><strong>Bitget</strong></a> announced the launch of its structured investment product, called Snowball. <a href="https://www.prnewswire.co.uk/news-releases/bitget-unveils-innovative-snowball-safeguarded-earn-product-with-stellar-24-5-apr-301919092.html">According</a> to the press release, the new instrument will provide users with up to 24.5% APR, while ensuring principal protection. Snowball will operate under an observation period principle, the exchange said, which foresees the range from which the user subscribes to the product and starts receiving interest until the yield is accumulated. During the period, so-called knock-in and knock-out prices will be observed, which will determine the level of yield users can expect to receive.&nbsp;</li></ul><h2 id="ai-news">AI news</h2><ul><li><a href="https://cryptonews.com/news/microsoft-and-leverfi-launch-ai-backed-solution-to-overcome-defi-challenges.htm"><strong>Microsoft</strong></a> unveiled a suite of four new artificial intelligence (<a href="https://cryptonews.com/tags/ai/">AI</a>) compilers designed to optimize the performance of different AI models. <a href="https://www.microsoft.com/en-us/research/blog/building-a-heavy-metal-quartet-of-ai-compilers/">According</a> to the announcement, "researchers from <strong>Microsoft Research</strong>, in collaboration with academic colleagues, conducted a series of research and released the &ldquo;heavy-metal quartet&rdquo; of AI compilers: Rammer, Roller, Welder, and Grinder. This quartet provides systematic and innovative solutions for current mainstream AI models and hardware compilation."</li></ul><h2 id="blockchain-news">Blockchain news</h2><ul><li><strong>Crucible</strong>, which developed Emergence with the <strong>Open Meta Association</strong>, announced that the <a href="https://cryptonews.com/news/today-in-crypto-shinhan-bank-tests-stablecoin-payments-on-hedera-network-marathon-shareholders-file-lawsuit-against-ceo-top-execs-cronos-partners-with-ubisoft.htm">Emergence SDK</a>, a toolset for <a href="https://cryptonews.com/news/nfl-and-mythical-games-unveil-nfl-rivals-the-first-web3-powered-nfl-game.htm">game</a> developers, is set to be integrated with <strong>The Root Network</strong>, a blockchain and suite of protocols developed by <a href="https://cryptonews.com/tags/ai/">AI</a> and <a href="https://cryptonews.com/tags/metaverse/">metaverse</a> technology and content company <strong>Futureverse</strong>. It comes with ready-made runtimes for building metaverse apps, games, and experiences, said the press release. Additionally, <strong>Born Ready Ventures</strong>, a metaverse-focused venture fund and studio co-founded by Futureverse co-founders Aaron McDonald and Shara Senderoff, will lead Crucible&rsquo;s new strategic funding round.</li></ul><h2 id="gaming-news">Gaming news</h2><ul><li><strong>Krafton</strong>, the development company behind the battle royale game <strong>PUBG: Battlegrounds</strong>, announced plans for <strong>Settlus</strong>, a blockchain project using the <a href="https://cryptonews.com/tags/cosmos/"><strong>Cosmos SDK</strong></a> for payment settlements in the <a href="https://cryptonews.com/news/coinbase-crypto-exchange-buys-stake-in-usdc-stablecoin-issuer-circle-heres-what-you-need-to-know.htm">USDC</a> stablecoin. <a href="https://medium.com/@ne_fertiti/massive-gaming-economy-to-arrive-in-cosmos-ecosystem-pubg-x-cosmos-9e904cf51d2d">Per</a> the announcement, Settlus is a purpose-built blockchain that offers a transparent settlement system for creators. "It&rsquo;s pretty exciting when a gaming giant with 30M MAU (PUBG) announces a new effort to bring a payment and settlement layer using USDC on cosmos," <a href="https://twitter.com/jerallaire/status/1699195833483505999">tweeted</a> Jeremy Allaire, CEO of USDC issuer <a href="https://cryptonews.com/news/stablecoin-firm-circles-chief-strategy-officer-urges-legislation-amidst-usdc-market-decline.htm"><strong>Circle</strong></a>.&nbsp;</li></ul><h2 id="regulation-news">Regulation news</h2><ul><li>The government of eastern <a href="https://cryptonews.com/news/digital-yuan-will-revolutionize-chinese-retail-payments-central-bank-exec.htm">Chinese</a> Shandong Province released draft guidelines to promote <a href="https://cryptonews.com/tags/metaverse/">metaverse</a> development. The document <a href="http://gxt.shandong.gov.cn/art/2023/9/4/art_15207_10335471.html">states</a> that the government plans to have metaverse-related initiatives reach a market size of &yen;150 billion ($20.6 billion) by 2025. In the meantime, it aims to build industrial parks, support 100 metaverse firms, and have companies apply for at least 3,000 domestic and international patents.</li><li>London-based digital asset platform <strong>Zodia Markets</strong> was granted in-principle approval (IPA) by <strong>Abu Dhabi Global Market</strong> (ADGM), fulfilling the pre-requisites to receive a Financial Services Permission (FSP) that will allow it to start regulated activities as an over-the-counter (<a href="https://cryptonews.com/tags/otc/">OTC</a>) broker-dealer in digital assets. FNG <a href="https://fxnewsgroup.com/forex-news/cryptocurrency/zodia-markets-expands-to-uae-with-adgm-crypto-license/">reported</a> that Zodia Markets - which is registered with the <strong>Financial Conduct Authority</strong> (<a href="https://cryptonews.com/news/travel-rule-enforcement-begins-for-crypto-firms-uk-heres-what-you-need-know.htm">FCA</a>) and backed by<strong> SC Ventures</strong>, the innovation and ventures unit of <strong>Standard Chartered Bank</strong> - said it has chosen to expand into the <a href="https://cryptonews.com/news/crypto-exchange-binance-secures-operating-license-in-dubai-heres-the-latest.htm">UAE</a> as the region establishes itself as a rapidly emerging hub for digital assets.</li></ul>
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Today in Crypto: SOMA Finance to Offer 'Legally Issued and Compliantly Structured Digital Security', Microsoft Unveils 'Heavy-Metal Quartet'...

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