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The nine recently launched spot bitcoin ETFs recorded a combined daily volume of $2.4 billion on Monday, setting a new record for the nascent products. BlackRock's ETF led the way, accounting for $1.3 billion of the total volume. The products, introduced on January 11, have collectively done nearly $52 billion in trading so far, pushing the price of Bitcoin to within 20% of its all-time highs.
HTX, the crypto exchange formerly known as Huobi Global, has abruptly withdrawn its application for a license to operate in Hong Kong. The decision signifies a major shift from its earlier plans to expand in the city following its exit from the Chinese market. The reason behind the withdrawal has not been publicly disclosed and the company has not issued a comment. Three other cryptocurrency exchanges have also pulled their applications, and one has had its application returned.
Talus Network is developing a decentralized marketplace for AI with blockchain tech that will allow users to exchange data, model rights, and computational power freely. The network aims to ensure AI is "controlled by the many, not the few" by mitigating centralization risks and enabling individuals to contribute to AI innovations. The network will leverage Move's smart contract security and object-oriented programming to create a diverse range of AI applications.
Anchorage Digital has launched Porto, a self-custody wallet aimed at institutions. The wallet offers full web3 access and seamless integration with the Anchorage Digital platform. Porto aims to circumvent the trade-offs with current institutional self-custody solutions, providing an 'on-the-go' solution without compromising on security. The platform offers features including biometric authentication, custom policies, and tamper-proof hardware while enabling activities like buying, selling, trading, and governance voting.
This post discusses the unique aspects of the Runes protocol, which operates within Bitcoin's UTXO model, in contrast to the account-based model of BRC-20s. Runes offers technical improvements that make transactions easier, cheaper, and more scalable as well as potential compatibility with Layer 2 scaling solutions. The post proposes creative approaches like combining covenants with Runes and having Runes cover Bitcoin transaction fees.
This report provides an in-depth analysis of Bittensor, an open-source network and protocol that offers programmable incentives to supercharge AI development. Bittensor allows individuals to create subnets, digital commodity markets designed to incentivize intelligence production. Its real-world applications include ML-driven financial predictions and AI-assisted gaming and entertainment. Bittensor aims to keep the future of AI technology open and decentralized to avoid the monopolization seen in other tech sectors.
It can be challenging to build consumer apps that keep pace with the speed of innovation in the digital world. Current platforms often isolate users by feeding individualized content, promoting a dependence on algorithms. This generates a few issues: enforced narrow platform rules affecting creators, culture adhering to trends, and diminished social interaction. Future platforms should consider designing seamless online and offline experiences, incorporate decentralized reputation and curation, and account for rapid changes in trends of consumption.
The market cap of AI-related stocks has ballooned over the last couple of years, with some single companies being valued more highly than some sizable countries’ GDPs. AI is still only a tiny portion of crypto's total market cap. The share of market cap for AI-related cryptocurrencies will grow substantially as AI will become a crucial aspect of life by 2030. Crypto’s role in AI diverges from traditional AI companies due to its emphasis on self-governance, anti-censorship, and overall uniqueness compared to traditional forms of operation.
Taking a page out of Uniswap’s book, Frax is considering implementing a fee-sharing reward system for its stakers. This is part of a potentially larger movement that Uniswap set off with a proposal earlier this week.
Layerzero CEO Brian has hinted at the criteria for the upcoming L0 airdrop, which includes transaction volume, message count, fees spent, and using contracts with a high message volume. This post lays out a farming strategy to capitalize on this.
MicroStrategy bought another 3,000 Bitcoin for $155M, putting its holdings at 193,000 BTC, worth over $10 billion, and an unrealized profit of over $4 billion.
Yuga Labs announced it will only work with NFT marketplaces that honor all creators' royalties, excluding Bored and Mutant Ape Yacht Clubs, amid declining revenues.