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Galaxy Digital Turns to AI Innovations Amid Bitcoin Mining Challenges

Summary

Galaxy digital, a seemingly huge name in Bitcoin mining is shifting focus to AI amid its rising competition and mining challenges. In its Q3 report, they revealed plans to repurpose their Helios facility in Texas for high-performance AI computing through partnership with a major data center. Galaxy aims to ramp up their power capacity to reach 1.7 GW.

Galaxy digital, a financial services and investments management company which also performs Bitcoin mining has decided to hop in on the trend and shift to AI . Its mostly driven to such path by increasing competition and rising mining difficulty within the whole sector.

In its Q3 reports, Galaxy shared info about them teaming up with a big-time data center called “hyperscaler”, which is rumored to convert its 800MW Helios mining facility in Texas into a high-performance AI hub. At this time only 200MW is active and they’re aiming to boost capacity by adding up to 1.7GW but they need approval from higher-ups to make it possible.

They are not the only ones following this trend, some other big names in crypto mining like Riot Platform and Marathon Digital are also looking to hop on to AI. Core Scientific has already locked in an $8 billion AI deal with CoreWeave over the next 12 years. Analysts say this shift is a major game-changer, to quote: “if Bitcoin miners put 20% of their energy toward AI, annual profits could hit $14 billion by 2027”.

Swiss City Lugano Issues Third Blockchain Bond Worth $139 Million

Synopsis

Lugano, Switzerland, has released its third blockchain-based bond, valued at $139 million. This move shows the city’s commitment to digital finance and blockchain technology and is a significant step toward the adoption of blockchain for public sector financing.

Blockchain Bond Growth

The latest bond, issued on November 4, is part of Lugano’s broader digital bond initiative, with a total value of 320 million CHF ($365 million) across three issuances. This bond is listed on both the SIX Digital Exchange and the traditional SIX Swiss Exchange. Additionally, it is a component of Project Helvetia, the Swiss central bank’s wholesale central bank digital currency pilot.

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Successful Digital Bond Issuances

Lugano’s first blockchain bond was issued in January 2023, followed by a second issuance in February 2024. Both bonds had a total value of 200 million CHF and were successfully subscribed by investors. Paolo Bortolin, the city’s deputy CFO, emphasized how easy it is to issue digital bonds and how the technology has the potential to completely transform the financial sector.

Promoting Wider Adoption

This continued issuance of digital bonds by Lugano indicates a growing confidence in blockchain’s potential to transform financial systems. Bortolin urged other issuers to adopt blockchain, pointing to high investor interest and an hour-long bond subscription. Lugano has established itself as a crypto-friendly city by promoting blockchain adoption for tax payments and the launch of LUGA, a stablecoin based on Bitcoin.

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Eclipse Unveils Public Mainnet for First SVM Layer-2 on Ethereum

Summary

The public mainnet for Eclipse, a layer-2 Ethereum network driven by Solana Virtual Machines (SVMs), has been formally launched by the Eclipse Foundation. This development is a big step in combining the advantages of Solana and Ethereum, improving financial tools and decentralized apps (dApps) on one platform.

Building a Bridge Between Ethereum and Solana

The new mainnet aims to bridge Ethereum’s security and liquidity with Solana’s high-performance execution capabilities. According to CEO Vijay Chetty, Eclipse offers developers from both ecosystems an unprecedented platform to scale dApps across finance, gaming, and consumer applications, tapping into the strengths of both networks. Chetty described Eclipse as a bridge that empowers developers to build in a more unified environment.

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Building the Ecosystem

Eclipse has expanded its ecosystem with important projects like Orca, Nucleus, and Save since launching its developer-focused mainnet in October. These integrations demonstrate Eclipse’s dedication to offering Ethereum and Solana dApp tools and infrastructure, which leverage Solana’s SVM execution to improve scalability and user experiences.

Increasing the Flexibility and Freedom of Developers

Because Eclipse provides both Solana’s speed and Ethereum’s liquidity, developers are no longer restricted to a single environment. Parallel processing made possible by this special design lessens fragmentation and helps developers to produce high-performance apps that draw customers from both main networks.

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Arkham Intelligence Launches Perpetual Futures Exchange with On-Chain Auditing and Rewards Program

Summary

Arkham has just dropped a new perpetual futures exchange going live next week. Users will now be able to trade spot and futures with full on-chain proof of reserves. Sign ups are available now and users can earn Arkham Points for trading now, which can later be redeemed for Arkham tokens. However, U.S. users are blocked from these services.

Blockchain analytics firm Arkham Intelligence has finally broken silence by announcing the launch of their new perpetual future exchange. This exchange is set to go live by next Wednesday. This perpetual exchange will offer users a platform to trade spot and perpetual futures. As said in an announcement, they will provide an on-chain auditing and traceable proof of reserves which helps keep things organized and secure.

Plus, they are also launching rewards system where users can earn Arkham Points based on their trading volume, and this feature is even better for VIPs as they get extra 10% boost. One can swap these points for ARKM tokens after 30 days of trading. Arkham’s really stepping up their game lately, from dropping their own token (ARKM) to being ranked among top 150 cryptos.

As of November 7 2024, the ARKM token is priced at $2.10 with a 24 hour trading volume of $206,169,606. This indicates an increase by 0.36% since yesterday and a whopping 32.00% increase since past 7 days. With a circulating supply of about  300 Million ARKM tokens and a market cap of almost $623,895,694 Arkham is placed comfortably on top 150 list of world’s top cryptos. Also being backed by billionaires like  Peter Thiel and OpenAI CEO Sam Altman this platform is not slowing down anytime soon.

Read similar topic: OpenAI expands globally: Singapore is next

Aptos Surges 21%: Is Continued Growth Ahead for APT?

Summary

APT just flipped bullish after hitting a major Fibonacci zone and things look more spicy as we head towards more upside! This on chain data is absolutely on fire, with the network also staying super active. This proves hype around Aptos is real and all the buzz and price pumping are not all big talks. Its clear APT is not stopping anytime soon if these activity keeps up. If you’re looking for a token with serious potential, Aptos is lowkey becoming the one to watch right now.

Aptos (APT) is a blockchain platform that is designed to be fast, scalable and secure. Its well known for its low latency and high throughput which overall aims to improve decentralized applications (dApps) and overall blockchain performance. APT, the ticker symbol for Aptos has recently been eyeing on a bullish trajectory since mid-September.

After its bearish retracement on October, APT has managed to pull back 30% of whatever it had lost. However, the pullback concluded at a noteworthy price range. Many suspected it has hit a Fibonacci retracement which means that after hitting a certain low it was sure to go on a bullish pivot. Same thing happened with Aptos, as it dropped as low as $7.74 earlier this week but right after that it reached a bullish pivot. The cryptocurrency has since rallied by roughly 21% to its $9.38 press time price. Despite the recovery, APT still had a 19% upside to go before reaching its October lows.

As of November 7 2024, the price of Aptos’s APT is $9.74 with a 24 hour trading volume of $452,804,490. It has experienced nearly 5% growth since the last 24 hour and a total 4.23% increase since last 7 days. With its circulating supply of 520 Million APT and a market cap of  $5,058,986,184, APT sees bright future ahead.

Read similar article : Trump Victory Creates Over 11K New Bitcoin Millionaires

Bitcoin ETFs See $621.9M Inflows as BTC Hits New All-Time High of $76K

Summary

Spot Bitcoin ETFs in the U.S. saw substantial inflows on Nov. 6, with net gains of $621.9 million as Bitcoin hit a new all-time high above $76,000. Fidelity, ARK 21Shares, Grayscale, and Bitwise were among the top funds driving inflows.

Record-Breaking Inflows for Bitcoin ETFs

On Nov. 6, spot Bitcoin ETFs in the U.S. experienced a significant inflow of $621.9 million, rebounding from a three-day period of outflows totaling $712.9 million. Fidelity’s FBTC led with $308.77 million in inflows, followed by ARK 21Shares, Grayscale, and Bitwise, with inflows ranging from $100 million to $127 million.

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High Trading Volumes and Positive Market Response

Several Bitcoin ETFs saw their trading volumes more than double, with BlackRock’s iShares Bitcoin Trust (IBIT) hitting $4.1 billion in trades, its highest volume ever. Despite inflows across most ETFs, BlackRock encountered $69.11 million in outflows, diverging from the overall trend.

Market Hope for Trump’s Pro-Crypto Victory

Analysts are hopeful about future growth in digital assets due to the surge in Bitcoin’s price, which coincided with Donald Trump’s election as president, which was pro-crypto. Asset managers are submitting applications to introduce exchange-traded funds (ETFs) for cryptocurrencies including Solana, XRP, and Litecoin in anticipation of regulatory certainty.

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Layer 2 Network Taiko Achieves Remarkable 1,000% Growth in TVL on Ethereum

Summary

Taiko’s Ethereum Layer 2 network is going absolutely bonkers right now! Its total value locked (TVL) shot up by over 1000%, reaching a crazy height of $81 million. That’s not it, as their daily transactions have also skyrocketed to 5 million which indicates more people joining in on Ethereum Layer 2 to make their lives easier through faster and cheaper transactions. Taiko’s big numbers are huge flex in the L2 game and signals huge adoption in the Ethereum ecosystem.

Taiko is an L2 scaling solution for the Ethereum Blockchain. In simple words, its designed to make transactions faster and more affordable while keeping Ethereum’s security and decentralization. Reports say it has seen major growth over the last month, according to DefiLlama, the total value locked on Taiko has increased more than 1,000% which led it to reach cross its all time high and stay at $81 million.

Main reason behind this is its big moves on Ethereum’s Layer 2. Its native decentralized exchange (DEX), Panko Finance, and lending platform Avalon Finance are leading the charge and reports say each of these platforms holds over $30 million in total value locked (TVL). According to a report Taiko network has crossed a record breaking 5 million transactions on November 4 2024. Well, this just shows how popular its becoming with both users and investors. Its clear Taiko is becoming an obvious go-to for anyone looking to seriously scale on Ethereum Layer 2.

Read how: Trump Victory Creates Over 11K New Bitcoin Millionaires

Trump Victory Creates Over 11K New Bitcoin Millionaires

Synopsis

Because of Donald Trump’s triumph in the 2024 election, Bitcoin values have risen to an all-time high, creating over 11,000 new millionaires.

Bitcoin Wallet Surge

Following Trump’s win, the number of Bitcoin wallets worth $1 million or more surged by 11,487, bringing the total to 132,842. This increase came as Bitcoin prices rose by 7.8% within 24 hours, reaching an all-time high of $75,428. In the past 30 days, Bitcoin saw a 20% increase, with Finbold reporting a significant wealth gain among Bitcoin holders.

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The Impact of Trump on Bitcoin

Trump’s pro-crypto position, which may result in a favorable regulatory environment for digital assets, is credited by analysts with this surge. Investors are looking forward to any policy changes that might further improve Bitcoin’s performance, as Trump’s backing for the cryptocurrency has sparked a newfound interest in the commodity.

Will Bitcoin Increase?

Gert van Lagen and other technical analysts are hopeful. If market conditions continue to be favorable, predictions indicate that Bitcoin might hit $250,000 by the beginning of next year. Bitcoin fans are optimistic that favorable legislation following Trump’s victory could spur additional growth in digital assets.

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AI Agents Take on Minecraft: SingularityNET’s Proto-AGI Learns in Virtual World

Summary

SingularityNET and ASI alliance has dropped a next-generational experiment, a self-learning robot, or proto AGI that learns and levels up in minecraft by itself. They are currently testing on how this AI could think and learn like us humans. Its just like giving an AI its own playground and us monitoring over it to see how it adapts to its environment. The experiment’s pretty wild and could be a huge step towards building smarter and more ethical AI in real life.

A decentralized artificial intelligence network called SingularityNET and the ASI Alliance, also a team focused on advancing artificial superintelligence have together lunched their first self-learning proto-AGI within Minecraft. This AI could be very powerful if it works as expected in minecraft.

So basically, this AI is let to play minecraft and explore its features on its own. Minecraft is a survival game, in which users are spawned in a random terrain with absolutely nothing. Users then have to navigate through the world find essentials for survival by themselves. This proto-AGI launched by SingularityNET and ASI alliance is supposed to navigate their way to survival by itself.

This sort of AI is called Autonomous Intelligent Reinforcement Inferred Symbolism (AIRIS), it functions outside of its pre-set rules and hence evolves as it encounters new challenges. An ASI Alliance spokesperson quoted minecraft is perfect fit for this purpose. This working style of AIRIS aligns well with Minecraft’s open-ended, unpredictable sandbox world, providing an expansive environment for which the proto-AGI can test the limits of autonomous AI learning.

If this functions as expected, it will be a huge leap for artificial general intelligence development as this same AI could be placed in real life scenarios and it could find a solution that we couldn’t.

Read how SingularityNET Revolutionizing AI with Adaptive Learning

Arkham Launches Perpetuals Exchange with On-Chain Auditing and Rewards

In brief

According to a release from Arkham Intelligence, the Arkham Perpetuals Exchange, a platform for trading spot and perpetual futures, will launch on Wednesday. The proof of reserves and on-chain auditing elements of the exchange will provide transparency for users. Arkham will also have a point-based rewards system that lets users trade points for the ARKM token, but access may vary by region.

Arkham Perpetuals Exchange: Transparent, On-Chain Auditing

The new Arkham Perpetuals Exchange is built for spot and perpetual futures trading, focusing on transparency with on-chain auditing and verifiable proof of reserves. This setup aims to meet demand for secure, accountable trading environments, providing users with insights directly from Arkham’s blockchain-based verification tools.

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Integrated Analytics for Enhanced Trading

Arkham’s platform integrates seamlessly with its existing analytics suite, offering users research and investigative tools to support trading decisions. This combination allows traders to access data-driven insights and track trends without leaving the platform, creating a more robust trading experience.

Point-Based Incentives and Restriction by Jurisdiction

Arkham Points, which are obtained through trading volume and exchanged for ARKM tokens after 30 days, are being introduced by Arkham in an effort to increase involvement. VIP accounts are rewarded much more. However, regulatory limitations limit distribution in some areas, like as the U.S., highlighting Arkham’s dedication to operating in a compliant manner in the crypto arena.

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