Category: Web3

D3 Global Unveils .APE Domain Names for ApeCoin Community

Summary

D3 Global has released .APE domain names providing ApeCoin holders to create a new web3 identity through newly created ApeChain. This initiative is part of an effort to make an interoperable name service for for the Apecoin ecosystem.

.APE Domains Go Live on ApeChain

D3 Global, which is a worldly known company for their specialization in web3 domain has officially launched .APE domain names for ApeCoin community which started as a memecoin. This initiative was announced on October 22, these domains will allow ApeCoin users to create their own tokenized web3 identities with the help of ApeChain layer-2 network.

Proposal Backed by ApeCoin Community

The launch follows a community-approved proposal that is in symmetry with the Internet Corporation for Assigned Names and Numbers (ICANN)‘s rollout of new generic top level domains (TLD)s. This effort is part of a larger initiative to enhance the utility and branding of ApeCoin users.

Multiple Uses for Tokenized .APE Names

ApeCoin holders can use these tokenized .APE names for several purposes, including email addresses, wallet addresses, decentralized identifiers, and as usernames across web3 platforms. This brings added functionality and personalization to ApeCoin’s growing ecosystem.

Building the Future of Web3

Gerard Hernandez of the APE Foundation expressed his excitement about the partnership with D3 Global stating:

“There is an imminent need for a comprehensive, all-in-one name solution that not only facilitates the growth of the APE brand and community, but also ensures futureproof utility for users.”

The domains will be available first to ApeCoin holders, with public availability set to follow soon.

Russian Crypto Miner and Sovereign Fund Set Sights on Global AI Dominance

Summary

A mining company from Russia named Bitriver is teaming up with Russian Direct Investment Fund (RDIF) in order to build data centers and grow AI projects in BRICS countries. Their aim is to step up Russian’s game in AI and crypto mining.

Bitriver, a Russian data mining giant’s collab with RDIF will allow launch of data centers across BRICS member countries. After launching artificial intelligence themed projects, these two entities will expand Russia’s share of the global computing power network. The announcement for their collaboration was made in the recent BRICS conference held in Moscow. Bitriver’s CEO exclaimed that the main concern of this collab is to set Russia as a major player in AI and cryptocurrency mining. People across the internet believe this collab to be a huge plus point for BRICS countries. With funds coming directly from Bitriver, BRICS countries will be able to set enough AI data centers.

About Bitriver

Bitriver is a Russian company that specializes in crypto mining and data centers. They provide tech and infrastructure needed to mine cryptocurrencies like Bitcoin, using a lot of computing power and energy. They are like the managers of crypto world, setting up systems that keeps the whole mining process running smoothly. Reportedly, it plans on adding 10 more data centers. RDIF, on the other hand, co-invests in projects involving industry leaders, global institutional investors, and other sovereign funds.

Learn more about AI and crypto miners power struggle.

Chromia Partners with Chasm Network to Ensure Transparency in AI Decision-Making Records

Summary

Chromia teamed up with Chasm Network to improve decentralized artificial intelligence transparency by leveraging its blockchain for data management.

Chromia is expanding its reach even further, first partnering with Elfa AI and now Chasm Network. Chromia is a layer-1 blockchain platform that is engineered for horizontal scaling to handle parallel tasks, especially for high performance AI and gaming applications. They are saying this technical partnership is to enhance the transparency and accountability of artificial intelligence systems.

Reportedly, this collaboration will serve as a decentralized database layer to store AI inference data by utilizing a dApp (decentralized app) already deployed on Chromia’s mainnet.

Chromia stated :

“The application generates transparent and immutable records, ensuring the verifiability of sources used in AI decision-making processes.”

Additionally, Mantle-based Chasm Network revealed that its native token, Chasm AI, is set to launch on Oct. 24, but its specific role in the partnership remains unclear.

About Chasm Network

Chasm network is an AI economy platform speeding up development of AI applications with two special features: Scout Layer and Weave. Scout Layer is a decentralized system where node operators compete to deliver the best AI models and computing power meanwhile keeping things efficient and cost-effective. Whereas, Weave is a builder tool that lets creators make AI-powered prompts, workflows, and APIs easily, with plans for a marketplace to sell their work. Chasm Network is all about turning AI potential into real, useful apps.

Northern Data Group Shifts its Focus from Crypto Mining to Generative AI

Summary

Northern data group has stepped aside from its general crypto mining to generative AI. They’re selling their Bitcoin mining unit and Peak mining to raise money and dive in on building AI infrastructure and products.

Northern Data is all set on shifting its focus to AI, it is currently assembling funds by selling units to support its artificial intelligence ventures. The firm is well known for being a leading provider of artificial intelligence and high- performance computing solutions. They’ve also been posting strong growth in its AI business for the third quarter in a row. Their exit from crypto mining is seen as a move to capitalize increasing demand of AI technologies lately.

The firms main concern is to transform it into a fully AI-focused business that covers Europe’s largest Generative AI Cloud platform, and a portfolio of ingenious, purpose-built Data Centers. It can do so by using funds to boost its AI offerings, especially its Dynamic Enablement Services. They’re building scalable, eco- friendly infrastructure to power AI innovation across industries. Furthermore, they are also planning to use a portion of the fund in an unknown center. Additionally, the company has also promised improving their GPU to give support to its AI capabilities.

Read similar article : Morocco turns to AI

Bittensor Unveils Smart Contracts with Full Ethereum Integration

Summary

Bittensor now has Ethereum compatibility, letting developers use Ethereum- based smart contracts on its AI powered blockchain. They also launched the Bittensor EVM Testnet, blending AI with DeFi for the first time.

Ethereum Compatibility has been successfully brought by decentralized AI network, Bittensor through Opentensor Foundation. It will allow developers deploy and interact with Ethereum- based smart contracts on subtensor blockchain by combining AI and traditional decentralized finance (DeFi). Additionally, the launch of Bittensor EVM Testnet on Metamask was also launched.

This upgrade was initially teased at a public talk at Token2049 by Opentensor Foundation, since then this upgrade was highly anticipated by the holders. Bittensor TAO token has more than doubled from $293 to $673 since Sept 15. However, TAO has retraced since and is currently holding at a price of $592.24. It has a 24 hour trading volume of around $141,876,845 and a total market cap of $4,357,275,100. This shows it is no where near backing off from the big market scene.

Daniel Cheung from Syncracy Capital is saying that he expects the Bittensor network to experience a big boost in economic activity soon. Furthermore, he expressed his beliefs in Bittensor potentially becoming top blockchain Layer-1 in the near future. People believe, the addition of EVM compatibility and smart contracts on Bittensor is a significant milestone, as it allows for a more interconnected DeFi ecosystem. TAO is also one of the most booming AI crypto currencies recently.

Ethereum Accumulation Addresses Double Since January 2024: CryptoQuant

Summary

The number of Ethereum (ETH) being held in accumulation has nearly doubled since January 2024, now crossing 19 million ETH. The high accumulation rate is due to approval of Ethereum Spot ETFs earlier this year.

Ethereum Accumulation Grows

According to CryptoQuant, Accumulation means holding Ethereum, where the holders aren’t actively spending or moving their assets. The number of said holders have grown significantly in 2024 for Ethereum. In January, the number of ETH being held was 11.5 million, but by October 18,this number reached 19 million ETH. Experts and Analysts believe that this number might cross 20 million by the end of 2024.

Ethereum ETFs Drive Interest

This rapid growth in accumulation is speculated to because by the approval of Ethereum Spot ETFs in early 2024, which boosted investors confidence. One CryptoQuant analyst noted:

“In early 2024, Ethereum Spot ETFs were officially approved, marking a new era. Regulations boosted confidence, making Ethereum mainstream.”

This has increased interest from both institutional and retail investors towards Ethereum.

Value of Accumulated Ethereum

Ethereum’s value in accumulated address is expected to hit $80 billion by the end of the year. This suggests that the value of Ethereum will reach $4,000. This would position Ethereum on par with some of the largest companies in terms of value.

Ethereum Holders in Profit

IntoTheBlock reveals that around 71% of Ethereum holders are in profit right now, with over 74% of holders having held their coin for over a year now.

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Source: IntoTheBlock

The steady growth in accumulation, coupled with rising prices, signals confidence in Ethereum’s long-term value.

Could This $0.035 AI Crypto Be the Next Ethereum Challenger?

Summary

CYBRO, an AI crypto priced at just $0.035 is catching major hype currently. Even experts have come forth saying this could blow up to $100 by 2025. While OGs like XRP and ADA seem to be on a losing streak, this new coin may shake up the market.

CYBRO is a new player in the DeFi space that offers an AI-powered platform designed to simplify user portfolios. Its main attraction is cashbacks, airdrops and reduced trading fees. Its AI tools will help users select the best vaults based on various aspects. Its presale made a lot of transactions, almost $3million which led to experts believing a potential of 1200% return of investment in the near future. That’s the reason its been listed on one of the top AI with potential in 2024. In addition to their tokens, CYBRO is giving away different ways to earn more such as specil points, referral programs, CYBRO airdrops and much more. Holders of CYBRO are able to enjoy lucrative staking rewards, exclusive airdrops, reduced trading and lending fees and cashback on purchases within the platform.

With such facilities provided to users and new projects being introduced constantly, experts believe this coin could amount to $100 by 2025. While a portion remains hesitant in investing on it.

SUI Network Announces AI Integration Plans

Summary

SUI network has just dropped its plans for mixing AI with blockchain to boost security and efficiency in their next projects. SUI foundation has also denied every accusations regarding insider token sales.

On X, Kostas Kryptos promoted this act by sharing a sample screenshot. If this continues on, people believe SUI will out AI everyone else.

VC giant Andreessen Horowitz (a16z) explained how integrating blockchain and Artificial Intelligence could be beneficial. Furthermore, he also noted that the number of crypto projects offering AI services and functionalities has surged from 27% in 2023 to 34% in 2024. He also said how Near Protocol is a great example of a project that successfully addresses  “content verification and intellectual property” issue within the AI sector. Other altcoins, like technical setup in Aptos (APT), are also looking for SUI like rally ahead.

Last week, SUI Foundation faced some serious accusations of $400 million in insider selling of the SUI tokens. In defense, SUI claims that neither insiders nor Mysten Lab employees or Mysten Lab investors had sold anything near $400 million worth of tokens. They assured the public that reportedly, no early token sales had occurred.

SUI Performance Lately

SUI has surged by nearly 500% over the past year, making it one of the top performers in the market. As of October 21, 2024, SUI’s market price is $2.12 with a 24 hour trading volume of $796,002,450. This shows it has increased by 3.44% in the last 24 hours but if we consider 7 days it has dropped by 5.29%. Regardless, with a circulating supply of 2.8 Billion SUI and a market cap of $5,871,067,161, it is comfortably placed at top the 22th position in the market.

Learn more about SUI’s market rollercoaster here.

What is Goatseus Maximus (GOAT) and why is it trending?

Summary

Goatseus Maximus is the most talked about crypto platform right now and rightfully so because it has been moving up continuously. This simple crypto token has made people millionaires.

Goatseus Maximus ($Goat) is a meme token that operates on Solana blockchain. Its recent attention in memecoin market is all thanks to an ai bot called Truth Terminal, which helped propel it to a peak market cap of $150 million in just few days. It is also the reason Truth Terminal has become a millionaire. The token operates on solana market and has been traded on several active markets.

The token reportedly grew by 12,000% in the first 24 hours of its launch. More importantly, it is showing no signs of falling out with its rising demands among crypto enthusiasts. GOAT price has surged to a new ATH of $0.4664 just a few hours ago, and much more might come with this popularity. The creator of this coin is unknown, however the AI bot that has been caretaking it has become the first AI to become a millionaire. It really did make this token into a super memecoin. The creator of truth terminal said he wanted to develop a meme themed cryptocurrency one day and interestingly so that dream turned into reality.

The bot began posting about the GOAT singularity and revealed that he had an idea, that “I have an idea for a new species of goatse,” later naming it Goatseus Maximus. With this idea, someone created the memecoin and tagged Truth of Terminal, which decided to endorse it in its posts. The bot also invested lots into GOAT tokens and now is a millionaire. With continuous promotions, both the ai bot and GOAT helped each other become multi-million dollar owners. One can buy Goatseus Maximus on Lbank, Raydium and Orca.

As of October 20, the price of Goatseus Maximus (GOAT) is $0.384 with a 24 hour trading volume of $207,013,769. This does represent a 4.42% price decline in the last 24 hour but it is still increasing considering the past 7 days. With a circulating supply of 1 Billion GOAT, Goatseus Maximus is valued at a market cap of staggering $388,063,586.

Bitcoin Miners Divided: Holding Bitcoin or Invest in AI?

Summary

The crypto mining industry has split into two and confused on which side to go with. After the recent halving event of Bitcoin many miners have shifted to AI in hopes of increasing stocks while there is a major portion still holding onto bitcoin.

The halving event that occurred six months ago has made reward for bitcoin miners 3.125 BTC, which is very little compared to what it could reward in prior years. A halving event occurs in order to prevent inflation and stabilize the coin in the market. It reduces the number of bitcoins entering circulation. As the supply decreases, halving events have historically led to increased demand and price appreciation. This is the reason why people are still holding onto it.

Meanwhile people who have left bitcoin and invested in AI are experiencing immediate gain. Core Scientific got out of bankruptcy after shifting its focus to AI by upgrading data centers to handle high performance computing. Similarly TeraWulf’s stock has become more than double after investing in AI data centers. This shows how investing in AI right now might be the right choice but many speculate bitcoin will take over in the long run.

An another portion of miners are holding onto bitcoin to avoid losses, if they leave the shares stay afloat and sell at the correct time. This uncertainty and splitting of miners has created buzz over the internet, each path carries risk but each option also allows miners to maintain profitability while they wait for Bitcoin’s next bullish cycle.

Learn about Bitcoin’s role in shaping the future of Defi here.

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