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Manta co-founder on why Manta Pacific became the third-largest Layer 2 network by TVL
Manta co-founder on why Manta Pacific became the third-largest Layer 2 network by TVL

Quick Take: Manta Network co-founder Kenny Li explains two reasons why Manta Pacific has risen to the top three Layer 2s by TVL. Li said the project’s token launch was a rollercoaster and that it plans to identify who carried out an attack on the network.

The Block·2024/02/03 04:20
Bitcoin hovers around $43k on latest jobs data
Bitcoin hovers around $43k on latest jobs data

The US labor market added more jobs than expected in January, leaving analysts and investors doubting that an interest rate cut will come in March

Blockworks·2024/02/02 21:50
Bitcoin mining difficulty hits new ATH after record 7.3% spike
Bitcoin mining difficulty hits new ATH after record 7.3% spike

Mining difficulty saw a significant increase of 7.33%, the highest so far this year, marking the most difficult period to mine Bitcoin in its history.

Crypto Slate·2024/02/02 20:03
Jupiter airdrop propels Solana DEXs to outpace Ethereum in daily trading activity
Jupiter airdrop propels Solana DEXs to outpace Ethereum in daily trading activity

Jupier airdropped $700 million worth of its JUP tokens to nearly a million wallets.

Crypto Slate·2024/02/02 16:05
Flash
10:28
MegaETH's native token MEGA has surged over 20% in the past 24 hours, surpassing $0.068.
BlockBeats News, June 14th, according to an exchange market data, MegaETH's native token MEGA broke through $0.068, with a 24-hour percentage gain expanding to 20.13%.
08:43
The AI Boom is Fueling Tech Inflation, Rewriting a Two-Decade History of Tech Products Only Getting Cheaper
BlockBeats News, June 14th, AI Driving US Inflation Surge. In May, the Consumer Price Index for Computer Software and Accessories surged by 14.5% year-on-year, marking the largest annual increase since records began in 2000. Producer prices for electronic components skyrocketed by 27%, also hitting a historical high. By contrast, prior to 2026, prices for software and electronic components had been decreasing almost every year. Currently, the price of memory alone has more than doubled in the past year, with DDR5 and DDR4 memory prices soaring by 290% year-on-year. The reason behind this surge is that AI data centers have absorbed the vast majority of global chip supply. The impact of memory prices could keep inflation elevated throughout the entire year of 2027, further compounding the existing pressures from the Iran conflict. The AI boom is fueling tech inflation.
05:56
Opinion: Anthropic Export Control Compliance Highlights Centralization Risks in AI, Decentralized AI Could Become Key Counterbalancing Force
BlockBeats News, June 14th, CoinFund founder Jake Brukhman stated that AI models naturally have centralizing attributes, making them a key target for government regulation and control. Anthropic's latest export control compliance action further confirms this trend. He pointed out that decentralized networks can be a crucial counterbalance to the current situation, building sovereign, open, and public decentralized AI. The core challenge lies in the issue of computational power. Although it is widely believed that only trillion-dollar tech companies can afford cutting-edge model training, there is actually abundant global GPU computational power available. The key is to develop new distributed training algorithms. Brukhman mentioned that teams such as Gensyn, Prime Intellect, Bagel, Pluralis, Nous Research, Macrocosmos AI, and Covenant AI have been exploring this direction. Although early on it was commonly believed to be infeasible, the reality has shown that distributed training can not only be achieved but also at a lower cost and with efficiency close to traditional solutions. Furthermore, he believes that another major challenge facing decentralized AI is economic sustainability. While open-source models are important, they lack mature business models. Pluralis, by distributing model weights to participants, is exploring the commercial path of tokenizing AI models. Brukhman stated that we are currently at a critical moment where AI will either move towards complete centralization, subject to scrutiny and unilateral government control, or establish a public AI on an open decentralized network, which will determine the industry's future direction.
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