The probability of the US Federal Reserve cutting interest rates by 50 points in September rises to 69.5%. All this news is very, very positive for the market so don't be afraid of market tremors 👍 $BNB $BTC $TAO {spot}(TAOUSDT)
Among the cryptocurrencies linked to gold, Paxos Gold (PAXG) $PAXG #Binance stands out. {spot}(PAXGUSDT)
PAXG is one of the leaders in the gold-pegged cryptocurrency market in terms of market capitalization. PAXG provides a digital representation of gold, where each digital coin is equivalent to one ounce of physical gold. One of the features of PAXG is that tokens can be converted into physical gold for those who own sufficient quantities to represent a full gold bar.
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$AMB $BTC $ETH AMB is abnormally high, which means a high probability of spending large amounts. Therefore, coin holders should be careful. I think they do it because they are under surveillance all this time. The currency is under abnormal purchase. Transverse height. Rising from 0.00700 area after decline. Also, entering liquidity at this number is also illogical. It is illogical, so you should be careful when trading long and avoid it, as the chart shows you a very negative pattern. For this reason, stay away from long buys {future}(AMBUSDT) #BTC #ETH #AMB #PEPE #NOT
$PEPE l Burning Codes: Changing the Rules of the Game❓❓❓ In a bold move, 6.2 billion PEPE tokens were removed $6 million worth of trading through token burning. This significant reduction in supply will likely boost the value of the remaining $PEPE tokens. The project's deflationary mechanism, which reduces the number of tokens with each transaction, contributes to token scarcity and a potential price increase. Although the current market does not reflect this, the token burning and deflation mechanism is expected to have a positive impact on the value of $PEPE in the long term. #PEPE_EXPERT #PepeCoinToTheMoon #pepe⚡ #Write2Earn! #US_Job_Market_Slowdown
$PEPE l Burning Codes: Changing the Rules of the Game❓❓❓ In a bold move, 6.2 billion PEPE tokens were removed $6 million worth of trading through token burning. This significant reduction in supply will likely boost the value of the remaining $PEPE tokens. The project's deflationary mechanism, which reduces the number of tokens with each transaction, contributes to token scarcity and a potential price increase. Although the current market does not reflect this, the token burning and deflation mechanism is expected to have a positive impact on the value of $PEPE in the long term. #PEPE_EXPERT #PepeCoinToTheMoon #pepe⚡ #Write2Earn! #US_Job_Market_Slowdown
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🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you Shiba Inu (#SHIB ) Price AnalysisRegardless of the current market fluctuations, the Shiba Inu price appears to have largely remained unaffected as the rally sustains within a descending parallel channel. The $SHIB price remains stagnant within a certain price range, within the channel, trying hard to prevent an excess bearish trend. Now that the selling pressure has been reduced, will the Shiba Inu price trigger a rebound and reach $0.00002?The current trade set-up suggests the price may experience more loss in the coming days as the DMI is about to trigger a bearish crossover. Besides, the Bollinger bands are again contracting after experiencing some relaxation. Hence, the SHIB price is believed to maintain a horizontal consolidation until the volume regains some momentum. Until then, no major price action may be expected instead of minor swings below $0.000018. Pepe (#PEPE ) Price AnalysisThe Pepe price has maintained significant strength since the start of the year and despite a rise in bearish activity, the token seems to have found a strong base. Hence, the bulls may remain slightly passive for a while, followed by a strong ascending trend.The recent bearish action has caused the price to drop below the ascending trend line and is failing to reclaim the levels within the ascending triangle. Moreover, the MACD is turning bearish as the levels are about to undergo a bearish crossover, which may trigger a fresh bearish trend. Therefore, if the bulls fail to reclaim the ✅My brother, we copied from 💸$100 to 💵$200 and above in order to extract the best investment, my brother.💸💸💸
How DePINs Address AI's GPU Gap and Ethics Problems
sWith the explosion of generative artificial intelligence projects, computational power has become a hotly contested resource. As AI becomes more ubiquitous and the race for graphic processing unit (GPU) supplies intensifies, the need for wider and more democratized access to computing power has become an urgent priority for non-MAANG companies. Combine this red-hot demand with scarcity that is quickly transforming into resource exclusivity, and the ugly likely result is an AI ecosystem is largely being molded by a small handful of massive tech corporations.
Mark Rydon is the Co-Founder and Head of Strategy at Aethir, a decentralized enterprise-grade cloud computing network.
If we are to avoid this, the future of AI, and its ethical implications, hinges on the ability to distribute these resources widely rather than relying on a handful of corporations to monopolize this power.
Addressing the Supply Side of Compute Demands
As the demand for computing surges, the current infrastructure struggles to keep pace. As reported in the Washington Post, several states are running short of power. Northern Virginia, for example, needs several large nuclear power plants to serve all the new data centers planned and under construction.
Additionally, the escalating costs of model training raise critical questions about the future of AI development: Where will this necessary computing power come from? China recently announced that it aims to boost its computing capacity by 50% in the next decade and a half, but this avenue won't be available to all.
One way to address this is through a decentralized model.
Decentralized Physical Infrastructure Networks (DePINs) can be used to aggregate underutilized enterprise GPUs and put them to use, redistributing previously inaccessible supply back into the market. They can also help leverage the latent compute capacity in consumer devices, creating a vast, accessible network of GPUs that can be utilized for AI training and other compute-intensive tasks. These approaches democratize the supply and access to computational resources, challenging traditional GPU monopolies and fostering innovation.
Moreover, distributed infrastructure optimizes resource use, ensuring that unused computational power can contribute to significant AI projects. This approach maximizes efficiency and aligns with ESG principles of reducing energy waste and environmental impacts associated with large-scale data centers.
Unlocking New Data Oceans
Not only can DePINs address the supply and resource challenge that drives compute accessibility. They can also help unlock new data oceans that can provide the diverse datasets needed to train more specialized, robust and inclusive AI models. This approach enhances the quality of AI systems and promotes data sovereignty and privacy.
DePINs use blockchain technology and advanced encryption methods to ensure data remains secure and ownership is clearly defined. This decentralized approach broadens the spectrum of information, including that of underrepresented regions and communities, leading to more accurate and inclusive AI models.
Furthermore, DePINs give data owners more control over their information, enhancing privacy while encouraging widespread data sharing. For instance, consider a healthcare scenario where a patient’s data from various hospitals and clinics can be securely shared without compromising on privacy. By leveraging DePINs, researchers can access a rich, diverse dataset that enhances their ability to develop better diagnostic tools and treatment plans. Similarly, in the environmental science field, DePINs can facilitate sharing climate data from various sensors, often located on private homes and properties worldwide, leading to more accurate models and predictions.
The Ethical Imperative
It’s also worth noting how the concentration of AI development within a few Big Tech companies raises significant ethical concerns. When advanced AI model training and deployment are monopolized by a few entities, it restricts AI's potential to benefit all. This centralized control can reinforce existing inequalities and curtail the scope of AI's positive impact on society.
The concentration of power can lead to biased AI systems that reflect the perspectives and priorities of a narrow segment of the population, exacerbating social and economic disparities. Such a scenario contradicts AI's democratizing potential, where innovations should ideally serve diverse communities and address a wide range of societal challenges.
Democratizing access to GPU resources is not just an imperative for the industry – it is an ethical necessity. By ensuring that researchers, startups, and innovators worldwide can access the computational power required to develop AI technologies, we can promote a more inclusive and equitable AI landscape. NVIDIA CEO Jensen Huang who coined the term "Sovereign AI," also emphasizes that nations must create AI to ensure cultural preservation. This broader access encourages diverse perspectives in AI development, leading to fairer, more balanced, and more effective AI solutions that can benefit society.
Impact on Innovation
The potential impact of decentralized GPU infrastructure on innovation and research, particularly in emerging markets, cannot be overstated. For instance, our recent collaboration with TensorOpera AI to advance large-scale language model (LLM) training on a decentralized cloud infrastructure showcased the tangible benefits of this approach. By harnessing the power of decentralized GPUs, TensorOpera can now conduct significant LLM training runs without relying on traditional, centralized resources. This democratization of computing power now paves the way for innovative projects and research endeavors previously unattainable due to resource constraints.
Bridging the compute divide
Decentralized GPU infrastructure represents a pivotal step towards bridging the compute divide and democratizing access to AI resources. By distributing computational power more equitably, we can ensure that the benefits of AI are realized by a broader spectrum of society, thereby increasing innovation across the board. This approach addresses the ethical challenges posed by AI monopolies and fosters global innovation and research, particularly in emerging markets.
As we move forward, embracing decentralized models and leveraging latent computational capacities will be crucial in meeting the growing demands of AI development. The future of AI depends on our ability to build a more inclusive, equitable and decentralized computational landscape.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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What is ENJ? ENJ Coin: A revolution in the world of digital gaming and non-fungible tokens (NFTs) ENJ, or Enjin Coin, is a digital asset based on the Ethereum network that has revolutionized digital gaming and non-fungible tokens (NFTs) technology. Enjin Coin was founded by Enjin, a company known for developing gaming platforms.