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El Salvador to Continue with Bitcoin-Backed Bonds, Says Vice President
El Salvador to Continue with Bitcoin-Backed Bonds, Says Vice President

El Salvador plans to launch Bitcoin-backed bonds in Q1 2024, contingent upon the victory of Nayib Bukele’s party in the election.

Cryptopotato·2024/02/02 05:25
Spot Bitcoin ETF options could be approved as late as December 2024
Spot Bitcoin ETF options could be approved as late as December 2024

CFTC involvement could extend the approval process.

Crypto Slate·2024/02/02 00:06
Jupiter airdrop draws criticism, but support remains strong
Jupiter airdrop draws criticism, but support remains strong

Users are concerned that Jupiter is using this open market opportunity to raise funds without users being “completely aware” this was the case

Blockworks·2024/02/01 23:19
CoinShares shares ETH staking yield with ETP clients
CoinShares shares ETH staking yield with ETP clients

Europe-focused investment firm to offer fund clients a 1.25% annual staking reward after slashing ETP product fee to zero

Blockworks·2024/02/01 23:16
Polygon Labs to cut 19% of staff
Polygon Labs to cut 19% of staff

Polygon Labs CEO Marc Boiron said the layoffs aren’t financial, but rather “for the sake of enhanced performance”

Blockworks·2024/02/01 23:16
The bid for a climate-conscious spot bitcoin ETF presses on
The bid for a climate-conscious spot bitcoin ETF presses on

Despite missing the first wave of spot bitcoin ETF launches, the planned fund would address investors’ environmental concerns, 7RCC CEO says

Blockworks·2024/02/01 23:13
Bitcoin ETFs could actually be good for the environment
Bitcoin ETFs could actually be good for the environment

Instead of hopelessly trying to convince institutional investors to “change Bitcoin’s code,” institutions could show a clear preference for cleaning mining practices

Blockworks·2024/02/01 23:04
Flash
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.
02:59
A new address with a high leverage short position of 23,000 ETH, liquidation price $1863.2.
BlockBeats News, June 14th. According to AI Auntie Monitor, address 0xa2e...f1468 started shorting 23,205.35 ETH in batches last night at 23:42, with a position value of $39.03 million, opening average price of $1,680.8, liquidation price of $1,863.2, and currently facing a floating loss of nearly $27,000.
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