Near Protocol to Design World's Largest Open-Source AI
Near Protocol announced that it will design the world's largest open-source AI. The project has 1.4 trillion parameters and a small version of the model with 500 million parameters at the opening of the Redacted conference in Bangkok Thailand, on Sunday (10/11).
The project will expand to seven models, each of which only the best researchers and contributors will be retained, also planning to monetize this model by ensuring data security through an encrypted Trusted Execution environment.
Near Protocol co-founder Illia Polosukhin said the cost of training the model is US$160 million, and funds will be raised through token sales.
"We have a business model, a way of monetization, and a funding scheme that allows this project to be sustainable," said Illia Polosukhin.
This step is expected to encourage the participation of contributors in the continuous development process.
Mt. Gox Transfers US$2 Billion in Bitcoin, for What?
Mt. Gox, the world's largest crypto exchange at the time, transferred US$2.24 billion in Bitcoin to two different wallet addresses. The two addresses received 27,000 and 2,500 Bitcoin respectively. Meanwhile, the motive and purpose of Mt. Gox sent thousands of Bitcoins is still unknown. In recent times they have indeed often made Bitcoin transfers to several different addresses. On the other hand, Mt. Gox still has to face unfinished customer compensation demands since 2014. The reason is, there are more than 850 thousand Bitcoin that disappeared due to the exchange incident. Mt. Gox is a reflection of the challenges the crypto industry faces in terms of security and trust. While some are optimistic about the potential recovery of Bitcoin's value, uncertainty remains as market dynamics continue to change.
Dogecoin (DOGE), the world's largest crypto meme or cryptocurrency token, has reportedly risen about 7.86% in the past week. Its market capitalization value has even surpassed Ripple Labs' XRP and USDC.
Dogecoin's value in the last 24 hours has also reached 28.85% at a price of around US$38.5 billion. This also illustrates that the DOGE token is achieving strong bullish momentum in the crypto market.
Data from Coinmarketcap, this morning Monday (11/11), USDC stablecoin sits in 7th place currently having a market capitalization of around US$37 billion. Then XRP is now ranked 8th with a market capitalization value of US$34 billion.
Furthermore, Dogecoin has shifted Circle's USDC position which is called the sixth most valuable crypto in the world. Now, DOGE fills the 6th rank with USDC below 7th.
According to crypto market assessments, DOGE's rise has been driven since Dogecoin founder Elon Musk supported Donald Trump to become the US President-elect. Especially when Musk mentioned about the Department of Government Efficiency (D.O.G.E.) Institution which mirrored Dogecoin's ticker name, and made the price of the O.G meme soar.
Donald Trump Considering Wall Street Lawyer as SEC Chairman
The President-elect of the United States is reportedly considering choosing Wall Street lawyer Richard Farley to replace Gary Gensler as Chairman of the Securities and Exchange Commission (SEC). The consideration for choosing Farley is because Trump wants to increase SEC enforcement of the crypto industry. This plan is also an answer to his campaign promise which said that he would immediately fire Gensler if he won the 2024 US presidential election. It is known that Farley has experience in representing some of the world's largest banks in large financing transactions, including Goldman Sachs, Credit Suisse, and UBS. Not only that, he is also experienced in handling financial services companies, one of which is Cantor Fitzgerald. Even so, Trump also has other candidates who will fill this position, namely Former SEC Commissioner Paul Atkins and Robinhood CLO Dan Gallagher. Who will Trump choose to lead the SEC?
Ethereum records US$365 billion market capitalization, beating Bank of America-Netflix
Ethereum reportedly recorded an increase in market capitalization of 5.73% in the last 24 hours to US$365 billion. This figure managed to beat the market capitalization of Bank of America, the second largest bank in the world, with a market capitalization of only US$345 billion.
It is known that the surge was due to an increase in institutional investment and positive sentiment in the broader crypto market. Not only market capitalization, the price of Ethereum also skyrocketed to US$3,100 on Sunday (10/11).
Not only Bank of America, the second largest digital asset also managed to beat Netflix. It is known that the video streaming service provider company has a considerable distance in market capitalization from Ethereum, which is only US $ 339 trillion
$YGG Ygg experienced a valid breakout and strong movement with high volume on the daily chart timeframe.
Good Project in the Gaming Sector 30 % Circulating Supply Middle Cap : $ 200s million, very high risk On chain data is very bullish, i think this is opportunity to bid the market
In the history of data $YGG in October-november the average is BULLISH⬆️
Based on price action, I prefer to wait for the price to retest to 0.5222 Invalidation Area : 0.4848-0.4627 Target 1 : 0.6272 Target 2 : 0.7085 Target 3 : 0.7805
$PENDLE Defi platform it's a Valid breakout in the daily chart timeframe, Which is followed by increased volume. Very bullish momentum, and i thinks this is opportunity Entry : 4.665-4.532 Invalidasi below : 4.207 Target TP 1 : 5.502 Target TP 2 : 6.024
unusual volume on the daily timeframe $AXS , The same goes for all coins in the gaming selector. There is a possibility that this sector will start bidding.
saya lebih suka entry ketika retest di area 4.897-4.786.