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ZKSync will shut down the Lite network on May 4th, focusing entirely on Era and the ZK Stack ecosystem.

2 hours ago

**ZKSync Lite to Sunset May 4, 2026** On Feb 27, Ethereum Layer 2 project ZKSync announced ZKSync Lite (formerly ZKSync 1.0) will officially sunset on May 4, 2026. At that time, the network will stop producing blocks and permanently freeze its final state to ensure user balances cannot be altered post-shutdown. The team noted this is part of an “orderly, planned exit strategy” and will not impact ZKSync Era or other chains built on the ZK Stack. After Lite’s shutdown, the team will maintain at least one year of read-only APIs to support historical data queries. Users are advised to proactively withdraw assets before the deadline for convenience, though unwithdrawn funds can still be claimed later. Current data shows ~$33.9 million in assets bridged to ZKSync Lite, including: - ~$24.9 million in stablecoins - ~$8.4 million in ETH and its derivatives - ~$313,000 in BTC and its derivatives - ~$231,000 in other assets Launched in June 2020 as Ethereum’s first zero-knowledge rollup, ZKSync Lite supported token transfers, atomic swaps, and NFT minting but lacked smart contract capabilities. In March 2023, developer team Matter Labs halted Lite development following the launch of Era, shifting focus to supporting a universal smart contract-capable zkEVM system.
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U.S. January Inflation Stuck at Elevation, PPI Rebounds Above Expectations, Rate Cut Expectations Suppressed

**February 27 – U.S. Bureau of Labor Statistics (BLS) data shows January’s Producer Price Index (PPI) rose 0.5% month-over-month (MoM), beating market expectations of 0.3% and December 2024’s 0.4%. Year-over-year (YoY), PPI climbed 2.9%, topping the forecast 2.6%—signaling persistent upstream inflation pressure.** **Excluding food, energy, and trade services, core PPI rose 0.3% MoM (in line with expectations) but jumped to 3.4% YoY, exceeding the 3% consensus. Structurally: energy prices edged lower (wholesale gasoline fell 5.5% MoM and 15.7% YoY), while rising wholesale service prices and expanded retailer/wholesaler profit margins drove the gains.** **Earlier data showed January’s Consumer Price Index (CPI) rose 2.4% YoY, near the Fed’s 2% target. But the stronger-than-expected PPI has amplified concerns over inflation stickiness, likely keeping the Fed cautious on its rate path.** **After the release, international spot gold prices pulled back slightly from highs before par

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OpenAI has completed the largest single-round funding in history: $110 billion, with a post-money valuation of over $840 billion.

On February 27, OpenAI—the artificial intelligence firm—announced it has closed a new funding round totaling $110 billion, with a pre-money valuation of $730 billion. Multiple media outlets have confirmed this round as the largest single corporate financing in global history, far surpassing the company’s $40 billion record set in 2025. Key investors in the round include Amazon (contributing $50 billion), Nvidia ($30 billion), and SoftBank ($30 billion). OpenAI stated the massive capital will primarily fund three priorities: accelerating AI infrastructure development, expanding computing power, and researching next-generation cutting-edge models—all to advance its "AI for everyone" mission. Post-money valuation is expected to exceed $840 billion once the round wraps up. This landmark funding underscores the unprecedented demand for massive capital in the AI industry, further solidifying OpenAI’s leading position in global AI competition.

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OpenAI: ChatGPT Weekly Active Users Exceed 900 Million

Feb. 27 — OpenAI has landed an additional $11 billion in new funding, pushing its valuation to $730 billion. The company noted that the stake in OpenAI Group held by the OpenAI Foundation is now worth more than $180 billion. ChatGPT boasts over 900 million weekly active users, while the Trinium4 is slated to begin deliveries in 2027.

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Nvidia, SoftBank Invest $3 Billion in OpenAI

On February 27, OpenAI announced a new $110 billion investment round at a $730 billion valuation, with investors including Amazon ($50 billion), Nvidia ($30 billion) and SoftBank ($30 billion). OpenAI will partner with Amazon (AMZN.O) to build customized models, leveraging 2 exaflops of compute capacity from AWS Trainium chips via Amazon Web Services (AWS) infrastructure. SoftBank’s total investment in OpenAI is expected to hit $64.6 billion, giving it an approximate 13% post-transaction ownership stake in the company.

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Analysis: Tariffs and Geopolitical Risks Boost Gold's Safe-Haven Appeal, Likely to See Seventh Consecutive Monthly Gain

Gold prices climbed on Friday, February 27, as uncertainty over U.S. tariff policies and escalating U.S.-Iran tensions boosted the precious metal’s safe-haven appeal—putting it on track for a seventh straight monthly gain. ANZ analyst Soni Kumari noted: “Two factors are supporting gold: current market uncertainty around tariffs, and the U.S.-Iran situation.” Lin Trang, Senior Market Analyst at XS.com, commented: “Recent rounds of negotiations have produced no clear outcome, leaving geopolitical risks in place but not escalated. As a result, gold prices remain elevated but lack the momentum for a sustainable uptrend.” (FX678)

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U.S. January PPI MoM 0.5%, Expected 0.30%, Prior Revised from 0.50% to 0.4%

**Feb 27: U.S. January PPI Update** - PPI (month-over-month): 0.5% | vs. expected 0.3% | prior revised to 0.4% (from 0.5%) - PPI (year-over-year): 2.9% | vs. expected 2.6% | prior 3.0% - Core PPI (month-over-month): 0.8% | vs. expected 0.3% | prior revised to 0.6% (from 0.7%) This aligns with U.S. financial news conventions: concise formatting, clear separators for "vs. expected/prior," and streamlined numerical notation (dropping trailing zeros like 0.30→0.3).

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