$4M Boost For AI-Powered Restaking Protocol

The post $4M Boost For AI-Powered Restaking Protocol appeared on BitcoinEthereumNews.com. Exciting news just hit the cryptocurrency world! Nexton Solutions, an innovative AI-based restaking and arbitrage protocol, has secured a massive $4 million in funding. This significant Nexton Solutions funding round marks a major milestone for the project and signals strong investor confidence in AI-driven DeFi solutions. What Makes This Nexton Solutions Funding So Important? The recent Nexton Solutions funding represents more than just financial backing. It validates the growing importance of artificial intelligence in decentralized finance. South Korean payment giant Danal led this substantial investment, showing that traditional financial players recognize the potential of blockchain technology. This strategic move comes at a crucial time when the crypto market seeks smarter, more efficient yield generation methods. The Nexton Solutions funding will accelerate development of their automated yield layer, potentially revolutionizing how investors approach restaking and arbitrage opportunities. Who Backed This Major Investment? The impressive Nexton Solutions funding round attracted diverse supporters from across the financial spectrum. Here are the key participants: Danal – Leading South Korean payment company Amber Group – Global digital asset platform Value Systems – Investment firm focused on blockchain Metalabs Ventures – Web3 and gaming-focused fund Vista Labs – Blockchain infrastructure investors Additional supporters included Outlier Ventures, KAIYA Foundation, TON Foundation, Ston.fi, and PayProtocol. This diverse backing demonstrates widespread belief in the Nexton Solutions vision. How Will The Nexton Solutions Funding Be Used? The company has clear plans for deploying the $4 million Nexton Solutions funding. Their primary focus involves building an automated yield generation layer that leverages artificial intelligence. This technology aims to optimize returns while managing risk in the volatile crypto markets. Specifically, the Nexton Solutions funding will support: Advanced AI algorithm development Protocol security enhancements Team expansion and talent acquisition Market expansion and user acquisition Research and development initiatives Why Does This Matter for…

George W. Bush urges Biden to ‘cut the red tape’ for Afghan refugees

Former President George W. Bush on Monday urged President Joe Biden to “cut the red tape” and allow for the swift evacuation of Afghan refugees following the Taliban’s takeover of the country. Responding to the fall of Afghanistan’s US-backed government, Bush said the Afghans “at the greatest risk are the same ones who have been on the forefront of progress inside their nation.” The costly US-led war in Afghanistan began just shy of 20 years ago after the 9/11 attack while Bush was president. Bush, in his Monday statement, noted Biden has promised to evacuate the Afghans who assisted Americans.

Polar Cub Café to close after 50 years of operation

By Ariana Crockett O’Harra The Polar Cub Café’s 50-year run has come to an end. On Friday, November 28, the storied restaurant will close for meal service. On the morning of Sunday, November 23, the morning sun was just peeking through the windows of the café, customers waited in line at the register, buying coffee and baked goods. Despite the busy scene, the cafe will be ending the meal service this week. The coffee shop inside the restaurant will still be open. Larry St. Clair bought the building and business in January with his wife Mymy. While the restaurant is eking out a profit, it takes lots of time and adequate staff to operate it. The St. Clairs haven’t been able to find enough employees to run the restaurant to allow them the time to run their other businesses. Downstairs, they operate the Polar Bar, and there are apartments upstairs. Larry has a gold mining business and Mymy runs a nail salon. “Business is good,” said St. Clair in an interview with the Nugget. “There’s no problem with the amount of people visiting the restaurant. It’s the amount of time that it takes is not feasible. St. Clair said that the profit they make from the restaurant just isn’t worth the amount of time and effort they put into it, compared to what they make from their other businesses. “The Polar is profitable,” he said. “Mining is more profitable, per hour, per year.” When the St. Clairs bought the building from Patrick “Pat” and William “Bill” Krier, whose family had owned it for 25 years, the Krier brothers told them the restaurant wasn’t profitable. “We took over at the first of the year and the former owners advised us when we did the best thing we could do is close the restaurant,” said St. Clair. He said every day, there’s something that must be fixed in the restaurant. “There’s always a fire, not literally, metaphorically speaking, there’s always a fire in the kitchen,” said St. Clair. “There’s something broke, something won’t start, something is messed up, we have to fix it.” The other issue is staffing. St. Clair said that putting a plate of food on a customer’s table takes five people from start to finish: the cook, dishwasher, waiter, manager and someone to do maintenance. Right now, the restaurant is operating with a staff of two a dishwasher and a cook plus the St. Clairs themselves, and a janitor who works a few hours a day. “There are no baristas. There are no cooks. Wait staff has been impossible, and they’re just not here,” said St. Clair. With the restaurant closing, the waiter and dishwasher will be laid off. The St. Clairs looked for a manager to take the day-to-day operations off their hands, too, but they couldn’t find a single applicant. “We’ve left it open, almost as a community service to Nome, and we keep saying that it’s not profitable, but let’s leave it open,” said St. Clair. “The labor pool isn’t here. It’s just not.” “It’s not just the restaurant’s dilapidated. The whole building is a problem. So when this goes bad over here, it affects the restaurant over here,” he said. “All of it just compounds onto me to fix it all.” Still, the iconic seaside view isn’t going anywhere. The coffee shop will remain open for business and customers will still be able to use the space. The coffee shop will have pre-made food such as baked goods, bagels, and potentially breakfast burritos, but they won’t be doing any cooking in the restaurant kitchen itself. The plan is to strip the kitchen of ruined equipment and deep clean it. St. Clair said that a lot of their food currently comes from Costco, which is where they plan to get the small eats for the coffee shop. The beans are from Kaladi Brothers Coffee, an Anchorage based coffee roasters. All of that will be available at the same location. The Polar Cub Café’s last day of meal service will be Friday, November 28. Section: News.

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