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DeFi News
Tokenhell
1w
216
Chainlink Price Hits 3-Year High Amid Record Futures Open Interest
- Chainlink emerged as one of the big gainers in the market, reaching a 3-year high of $29.45.
- Institutional interest has been a key driver in LINK's price surge, with futures open interest reaching an all-time high of $770.27 million.
- Chainlink whales have been accumulating the cryptocurrency, signaling optimism and confidence in its long-term potential.
- Chainlink's partnerships, including collaborations with Emirates NBD and SWIFT, further solidify its position as a vital player in the blockchain industry.
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Hackernoon
1w
323
Image Credit: Hackernoon
How Kite AI is Building the Foundation Layer for Global AI Development
- Kite AI is building what they call the "coordination layer" for AI development, which could accelerate or bottleneck AI's global adoption.
- Kite AI aims to democratize access to AI resources while ensuring contributors are fairly attributed and rewarded.
- By building a coordination layer, Kite AI aims to create a shared infrastructure for AI, lowering barriers and fostering collaboration.
- Kite AI is positioned at the intersection of big data and AI and building the coordination layer that enables these systems to operate transparently and collaboratively.
- The AI and big data ecosystem will move towards seamless, real-time systems powered by a decentralized infrastructure, according to Chi Zhang.
- Kite AI ensures fairness and inclusivity in access to AI assets by ensuring that everyone has access to AI resources and is fairly rewarded for their contributions.
- Regulatory frameworks should focus on promoting transparency, accountability, and inclusivity, according to Zhang.
- AI will transform industries by automating processes, enabling smarter decision-making, and personalizing user experiences in the next five years.
- Zhang learned the values of discipline, precision, and resilience from his professional inline speed-skating background, which he applies to his approach to building a startup.
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Bitcoinist
1w
68
Image Credit: Bitcoinist
Pro-Crypto Rep. French Hill To Head House Financial Services Committee – Details
- Pro-Crypto Rep. French Hill is expected to become the next chair of the House Financial Services Committee.
- This indicates a positive trend in cryptocurrency regulation under President-elect Donald Trump's administration.
- Hill has a background in banking and is recognized as a leader in the crypto space.
- His key priorities include investigating restrictions on banking services for the crypto industry and fostering bipartisan support for crypto legislation.
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Hackernoon
1w
255
Image Credit: Hackernoon
The Birth of Banana Republic
- Banana Republic is a community-driven initiative that redefines governance, fosters inclusivity, and promotes creativity as a catalyst for change.
- The Banana Republic is a bold experiment in how humor, shared values, and collective action can tackle global challenges.
- It is built on participatory governance, with citizens voting on initiatives and proposing solutions.
- The Banana Republic focuses on shared identity, humor, fairness, inclusivity, and action to address real-world challenges and build a better future.
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Bitcoinist
1w
323
Image Credit: Bitcoinist
Texas House Unveils Bill To Create a Strategic Bitcoin Reserve
- The Texas House of Representatives has introduced a bill to establish a strategic Bitcoin reserve.
- The bill proposes allowing the state to accept taxes, fees, and donations in Bitcoin.
- Texas aims to hold these assets for a minimum of five years to bolster fiscal stability.
- The state already has the highest concentration of BTC miners in the United States.
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Medium
1w
370
Image Credit: Medium
The Role of Decentralized AI in Climate Change Predictions and Solutions
- Decentralized AI is transforming climate change solutions by facilitating distributed data processing, improving data exchange and computation for precise and effective climate predictions.
- Decentralized AI leverages advanced technologies like federated learning, edge computing, and blockchain for accurate and secure handling of real-time environmental data from numerous sources.
- Decentralized AI frameworks accumulating and analyzing real-time environmental data from distributed sources allow monitoring of carbon emissions, renewable energy integration, and catastrophe preparedness and response.
- Decentralized AI promotes global collaboration, removes centralized storage threats and efficiently processes large-scale diverse datasets by distributing computational tasks across a network.
- Uniformity in decentralized datasets is crucial, and DcentAI facilitates this by incorporating AI-powered validation algorithms and standardization frameworks within its decentralized network.
- Robust infrastructure to support vast data storage, processing power, and real-time analytics is required, and DcentAI's distributed architecture alleviates this challenge by connecting nodes globally.
- Data sharing and AI implementation face regulatory challenges, and DcentAI can help address them by integrating blockchain technology for transparent, secure, and auditable data exchanges.
- Decentralized AI has enormous potential to address complicated climate change issues by improving real-time data handling and predictive modelling.
- DcentAI plays a key role in accelerating the shift to a more resilient and sustainable future by fostering climate solutions and advancing transparency via federated learning and blockchain.
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Livebitcoinnews
1w
311
Image Credit: Livebitcoinnews
Flare Teams with Dune for Smarter Blockchain Insights
- Flare, a smart contract platform, has partnered with Dune, the leading analytics and exploration platform for Web3.
- This integration allows Flare developers and users to easily analyze on-chain data, enabling data-driven decision making.
- Dune offers usability and resources for Flare users to understand critical metrics and gain insights into blockchain analytics.
- Flare aims to enhance transparency and decentralized analysis through the integration with Dune, encouraging innovation and a better-informed community.
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Tokenhell
1w
260
The Sui Ecosystem Notes Significant Growth In 2024: Here’s Why
- The Sui ecosystem has experienced significant growth since the launch of its Mainnet in 2023.
- Key projects within the Sui ecosystem include Walrus, Sui Name Service, DeepBook, Cetus, Suilend, and NAVI.
- The top projects were selected based on performance metrics and community engagement.
- GameFi projects are driving user interest within the Sui ecosystem and attracting diverse users.
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TronWeekly
1w
64
Image Credit: TronWeekly
AAVE Crosses $300: How Balancer V3 Fuels DeFi Growth
- AAVE, a leading decentralized finance (DeFi) asset, crossed the $300 mark for the first time in three years.
- The surge in AAVE's market value is driven by long-dormant tokens being transferred back into circulation by top holders.
- The Balancer V3 upgrade, integrating Aave's yield infrastructure, has improved liquidity and trading efficiency in DeFi.
- However, risks remain as the sustainability of AAVE's rally depends on whales' actions.
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Cryptoslate
1w
59
Image Credit: Cryptoslate
Donald Trump linked World Liberty Financial purchases $12 million Ethereum, Chainlink, and Aave
- DeFi project WLFI backed by Donald Trump has acquired $12 million worth of Ethereum, Chainlink, and Aave.
- WLFI purchased 2,631 ETH for $10 million, 41,335 LINK, and 3,357 AAVE for $1 million each.
- The acquisitions have boosted WLFI's crypto holdings to over $74.7 million, with significant increases in LINK and AAVE prices.
- The move raises speculation about a pro-crypto agenda and confidence in decentralized finance under Trump's leadership.
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TheNewsCrypto
1w
123
Image Credit: TheNewsCrypto
Frax Finance Develops Tech Stack for Deploying AI Agents on Blockchain
- Frax Finance plans to develop a tech stack for deploying AI agents on blockchain.
- The 2025 Vision Roadmap includes token upgrades, hard fork, growth in DeFi adoption, and AI integration.
- Frax Finance aims to become a decentralized central bank of crypto and is rebranding FRAX stablecoin to frxUSD.
- Frax Finance is developing the AIVM parallelized blockchain to enable AI agent development and deployment on blockchain.
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Blockonomi
1w
21
Image Credit: Blockonomi
ETH, AAVE & LINK Soar as Trump’s World Liberty Financial Buys $12M of Tokens
- World Liberty Financial, a cryptocurrency platform supported by the Trump family, made waves in the digital asset market on December 12, 2024, with major token purchases totaling $12 million.
- The buying spree caused substantial price increases across several leading cryptocurrencies.
- The project’s cryptocurrency wallet executed a series of purchases early Thursday, acquiring $10 million worth of Ethereum (ETH) and investing $1 million each in Aave (AAVE) and Chainlink (LINK) tokens.
- ETH prices climbed 8% during Asian trading hours.
- AAVE surged 33% to reach $356, while LINK jumped 30% to trade at $29.29.
- World Liberty Financial is developing a DeFi platform using Chainlink’s infrastructure and plans to deploy an Aave v3 instance.
- Donald Trump serves as “chief crypto advocate” while his sons Eric and Donald Jr. are “web3 ambassadors”.
- The proposal has already received enough votes to meet quorum before its December 13 deadline.
- Recently, World Liberty Financial has been working to expand its technological infrastructure and has integrated with Chainlink’s services to enhance its connectivity with the broader cryptocurrency ecosystem.
- The recent price movement brings attention to Chainlink's expanding role in the DeFi ecosystem.
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Cryptoslate
1w
1.1k
Image Credit: Cryptoslate
Crypto startups attract $800 million in VC backing during November
- Venture capital (VC) funds invested nearly $800 million in crypto startups in November, down 8% compared to October.
- Blockchain gaming sector raised $71 million, while web3 projects secured $8.2 million in funding.
- Crypto-related infrastructure received the highest funding with over $583 million being invested.
- DeFi ecosystem saw a 31% monthly funding growth, reaching $128.2 million.
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Cryptoticker
1w
124
Image Credit: Cryptoticker
How to Make the Best of Your SEI Tokens
- SEI token holders have various opportunities to maximize their holdings.
- Buy NFTs from collections like CappysNFT, SeiyansNFT, Webump, and Fuckersforlife.
- Stake SEI tokens on platforms like Silo Stake, Kryptonite.fi, and Sei Network for passive rewards.
- Utilize DragonSwap DEX for token swaps and pool positions to earn fees.
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Altcoinbuzz
1w
34
Bluefin Brings Perp Trading to Sui
- Bluefin brings professional-style trading on-chain to Sui, enabling users to trade spot or in perp markets with 12 perp markets offered currently.
- Bluefin’s pools offer attractive options for users who want to provide liquidity, with concentrated pools where users can earn 128% on the Sui-USDC pair and earn yield from the traders.
- Bluefin has seen significant success generating around $40B in trading volume and attracting over 42k users, with plans to further accelerate on-chain trading with its extensive and bold roadmap.
- The UX/UI of Bluefin is so good that users won't even know they're trading on-chain.
- The $BLUE token has just launched with 19.68% of the total 1 billion supply set aside for the airdrop program.
- The $BLUE token is primarily a governance token with 52% for Ecosystem Growth. The token will be available in some of the concentrated pools or can be bought from CEX options.
- Bluefin offers two attractive pools — concentrated and stable, where users can earn 128% on the Sui-USDC pair and 12% on the USDT-USDT pair, respectively.
- Bluefin currently offers perp markets for assets like BTC, ETH, SOL and Sui, among others.
- Bluefin sees its major competitors for perp trading as the CEXes like Binance, Coinbase, and OKX.
- The growing alliance between Sui and Solana across different apps and protocols will help future growth, too, and this alliance will boost $BLUE token growth.
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