CYBER (Cyber) has pumped 74.93% in the last 24 hours.

Gate News Bot News, August 12, according to CoinMarketCap data, as of the time of writing, CYBER (Cyber) is currently priced at $3.39, with a rise of 74.93% in the last 24 hours, peaking at $2.78 and dropping to a low of $1.52, with a 24-hour volume reaching $44.4 million. The current market capitalization is approximately $155 million, an increase of $66.64 million compared to yesterday.

Cyber is an Ethereum Layer 2 solution focused on supporting Web3 social applications. The Cyber network introduces social primitives on-chain, opening up new connections for artificial intelligence and users, creating and experiencing cryptocurrency in novel ways. Cyber.AI is a suite of artificial intelligence systems specifically designed for cryptocurrency, aimed at providing accurate cryptocurrency insights for developers, agents, and users. Surf is an AI cryptocurrency assistant that helps users make smarter and faster cryptocurrency decisions by integrating on-chain metrics, social data, and market data.

Important news about CYBER recently:

1️⃣ Plato collaborates with CYBER to promote innovation in Web3 social experiences Plato has established a strategic partnership with CYBER, aiming to jointly create an innovative Web3 social experience. This collaboration will combine Plato's technological strengths with CYBER's expertise in the Web3 social sector, promising to provide users with richer and safer social interaction methods, further promoting the development of the CYBER ecosystem and the expansion of application scenarios.

2️⃣ SEC establishes a new division focused on investor protection in the cryptocurrency and AI sectors The U.S. Securities and Exchange Commission (SEC) has announced the establishment of a division for cyber and emerging technologies, focusing on combating fraud in the cryptocurrency and artificial intelligence sectors. As a project focused on Web3 social and AI, CYBER may be affected by this regulatory trend. This initiative is expected to enhance the overall compliance and security of the industry, potentially creating a more favorable development environment for compliant projects like CYBER.

3️⃣ Cryptocurrency Security Tool Upgrade to Comply with European DORA Regulations In response to the upcoming implementation of the Digital Operational Resilience Act (DORA) by the EU, the cryptocurrency industry is upgrading its cybersecurity tools. As a security-focused Web3 social platform, CYBER is expected to take this opportunity to strengthen its security architecture, enhance user data protection capabilities, and thus increase the platform's competitiveness and user trust.

The significant rise in CYBER's price may be related to these positive factors, particularly its innovative collaborations in the Web3 social space and its emphasis on regulatory compliance. However, investors should remain vigilant about the high volatility of the cryptocurrency market and carefully assess investment risks.

This message is not an investment advice; investors should be aware of market volatility risks.