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46 minutes ago

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AI Satellite Networks Poised to Revolutionize Computing Power

The deployment of satellites equipped with localized AI computing capabilities is set to transform the generation of AI bitstreams within the next three years. These satellites, operating from low-latency, sun-synchronous orbits, will beam back only the processed results, significantly reducing costs. With the scarcity of electrical power sources on Earth, this method offers a scalable solution, potentially adding 100 gigawatts of AI capacity annually without operational or maintenance expenses. This is achieved by launching 1 megaton of satellites each year, each with a 100kW capacity, and connecting them via high-bandwidth lasers to the Starlink network. Looking further ahead, the construction of satellite factories on the Moon could exponentially increase AI capacity. By using a mass driver to launch AI satellites into lunar escape velocity, this approach could scale to over 100 terawatts per year, marking a significant step towards achieving a Kardashev II civilization. This innovative strategy highlights the potential of space-based AI networks to overcome terrestrial power limitations and accelerate technological advancement.
51 minutes ago

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Ethereum Market Shows Mixed Signals Amid U.S. and Korean Accumulation

Ethereum's market dynamics are presenting mixed signals as different investor cohorts exhibit varying behaviors. Wallets holding between 1,000 and 10,000 ETH are contributing to bearish pressure through consistent sell-offs. In contrast, U.S. investors are showing bullish tendencies, evidenced by the Coinbase Premium Index rising to 0.03, indicating increased buying activity. Ethereum is currently trading at $3,033, with exchange reserves stabilizing and a notable decrease in depositing addresses, suggesting a reduction in selling pressure. Larger Ethereum holders, with balances ranging from 10,000 to 1 million ETH, remain largely inactive, delaying any significant market reversal. Meanwhile, Korean investors are also displaying bullish behavior, as reflected by the Korea Premium Index maintaining a level above 1 since September. On-chain data from CryptoQuant highlights a trend of funds moving off exchanges, a pattern historically associated with long-term holding and reduced liquidation risks.

ETH -9.27%
2 hours ago

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US Treasury Secretary Bessent Projects 3% GDP Growth for Year-End

Treasury Secretary Bessent announced that the United States is expected to conclude the year with a 3% GDP growth rate. This projection reflects a stable economic performance amid various global challenges. The statement underscores the administration's confidence in the country's economic resilience and growth trajectory.
2 hours ago

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ZEC, LINK, and TRX Highlighted as December Altcoin Picks

ZEC, LINK, and TRX have been identified as promising altcoin performers for December. ZEC is currently in oversold territory with strong support around $300, suggesting a potential rebound. LINK is consolidating near its support level, buoyed by news of ETF approvals that may attract new institutional interest. Meanwhile, TRX maintains key support at $0.27, with recent network upgrades enhancing its efficiency. These developments are drawing attention to these altcoins due to their technical and fundamental strengths.

LINK -9.94% TRX -2.13% ZEC -3.97%
2 hours ago

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Whales on Polymarket Accurately Predict OpenAI Developments

A group of traders on Polymarket has consistently demonstrated remarkable accuracy in predicting OpenAI-related developments. This cluster has successfully forecasted the release of the OpenAI Browser by October 31, the launch of an OpenAI Social App in 2025, and the timing of Gemini 3.0, among other predictions. Their latest significant move involves heavy investments in the New Frontier Model release, indicating strong confidence in its imminent announcement. This activity raises questions about the nature of retail positioning and the potential insights these traders possess.

GEMINI -0.97% POLY -16.22%
2 hours ago

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AI Tools Revolutionize Trading on Polymarket

A new GitHub repository, "polymarket-mcp," is transforming how traders operate on Polymarket by integrating AI capabilities. This tool allows users to connect Polymarket directly to Claude, an AI system, enabling automated market analysis and trading. Users can instruct Claude to list open markets, identify low-liquidity outliers, and track significant price movements, enhancing decision-making efficiency. The repository offers features such as real-time market monitoring and automated notifications, exemplified by its application in the Elon Weekly Tweet market. This approach highlights a shift from traditional manual trading to a more strategic, system-based method, leveraging AI to gain a competitive edge. The open-source nature of these tools democratizes access, emphasizing the growing importance of automation and AI in prediction markets.

POLY -16.22%
2 hours ago

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AKT Chain Refactor Launches Amid Price Decline; Phala Integrates with NEAR

Akash Network ($AKT) has launched a chain refactor featuring a managed inference service, with a BME burn mechanism test scheduled in two weeks. Despite a strong AI compute narrative, $AKT's price has fallen from $0.56 to $0.44 over the past month, indicating fundamentals may be ahead of price action. Phala Network ($Phala) has completed its integration with NEAR, with plans for a Phala 2.0 Layer 2 transition. The network's partnership with zkVerify aims to reduce costs, and the upcoming Token Generation Event (TGE) is expected to introduce volatility. Meanwhile, $Flux has seen a decline in price from $0.098 to the $0.11 range, down 96% from its all-time high, as it faces competition from Z-Image in the AI art space. Elrond ($EGLD) launched Staking V5 with tail inflation, but ongoing governance issues have contributed to a price drop from $8.43 to $7.96.

AKT -9.39% EGLD -8.86% FLUX -10.90% NEAR -9.94% PHA -9.83%
2 hours ago

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AI Bot Generates $2.2M in Two Months on Polymarket

An AI trading bot, known as 'ilovecircle', has reportedly earned $2.2 million in just two months on the prediction market platform Polymarket. The bot operates by continuously analyzing top market data, news, on-chain feeds, and smart wallet flows to identify underpriced market opportunities. With a 74% accuracy rate, it trades across various sectors including sports, politics, and cryptocurrency. The bot employs a neural network to evaluate potential outcomes and executes trades automatically through the Polymarket API. It dynamically adjusts its trading strategies every few minutes, recalculating profit and loss to decide whether to maintain, increase, or close positions. This approach leverages machine learning for cross-niche arbitrage and automated trading, contributing to its significant earnings.

POLY -16.22%
2 hours ago

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Cardano Plans Hard Fork to Protocol v11 for Enhanced Security and Governance

Cardano is set to implement an in-era hard fork to upgrade to protocol version 11, focusing on enhancing security, Plutus smart contract functionality, and on-chain governance. This upgrade, which will not disrupt the current Conway era, is under public review and has the backing of Intersect and the Hard Fork Working Group. The proposed changes aim to improve Plutus script capabilities, clarify ledger behavior, and enforce stricter node-level protections. Key ledger-level updates include unique VRF key enforcement and the integration of governance voting logic into the ledger, bolstering protocol security. The Plutus environment will remain compatible across versions V1 to V3, enabling developers to utilize new features without rewriting scripts. Performance enhancements include support for array types, improved multi-asset management, and faster list operations. The Cardano community is actively participating in the review process, with ongoing bi-monthly meetings by the Hard Fork Working Group to incorporate feedback.

ADA -8.39%
2 hours ago

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Crypto Lending Evolves as a Key Tool for Matching Diverse Capital Needs

Crypto lending has evolved beyond traditional liquidity functions in the Web3 space, becoming a crucial tool for matching capital needs among retail investors, market makers, project teams, and exchanges. Retail investors leverage cyclical loans to amplify their leverage and incentives, though this also significantly increases their risk exposure. Meanwhile, market makers enhance capital efficiency by using collateral chains, allowing them to operate larger market-making scales with minimal own capital.
3 hours ago

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OSL Hong Kong Lists XRP for Professional Investors with New Trading Pairs

OSL Hong Kong has announced the listing of XRP for professional investors, allowing for deposits, withdrawals, and trading in compliance with local licensing regulations. The exchange now offers trading pairs including XRP/HKD, XRP/USD, and XRP/USDT through its Flash Trade and OTC channels. Despite recent price declines, data from Santiment and SoSo shows continued accumulation by large holders, with $897.35 million in ETF inflows. This move by OSL Hong Kong is expected to enhance liquidity and trading options for XRP in the region.

XRP -8.61%
3 hours ago

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Machi Faces $21.36M Loss After ETH Liquidation, Reopens 25x Leverage Position

Cryptocurrency trader Machi, known by the handle @machibigbrother, has suffered a complete liquidation on his Ethereum long position, which was leveraged at 25x. Despite the significant loss, Machi has promptly reopened another Ethereum long position with the same 25x leverage. This move comes amid a broader market downturn, leaving Machi with an overall loss of $21.36 million.

ETH -9.27%
3 hours ago

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K33 Research Predicts December as Turning Point for Crypto Market

K33 Research analyst Vetle Lunde suggests December could mark a pivotal moment for the crypto market, with potential for significant gains outweighing risks of further declines. Lunde argues that Bitcoin's current valuation is driven more by market panic than by fundamental factors, indicating a higher likelihood of a market rally than an 80% drop. K33 highlights that the market is overreacting to distant threats like quantum computing and potential Bitcoin sell-offs by Strategy (MSTR), while overlooking positive developments such as the inclusion of cryptocurrencies in 401(k) plans and the Federal Reserve's supportive stance.

BTC -4.43%
3 hours ago

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SEC Chair Predicts U.S. Financial Market Shift to Blockchain in Two Years

SEC Chair Paul Atkins has projected that the entire U.S. financial market will transition to blockchain infrastructure within the next two years. Atkins highlighted that this shift will involve the digitalization and tokenization of the market, which he believes will offer significant benefits in terms of transparency and risk management. This move is expected to enhance the efficiency and security of financial transactions across the market.
3 hours ago

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Phemex Crypto Market Daily: US CFTC Approves Spot Crypto Trading, Euro Stablecoins Surge Post-MiCA (Dec 07)

Key Takeaways:
1. Macro Environment The Federal Reserve is expected to cut rates this week, potentially boosting crypto market liquidity. US heavy truck sales have collapsed 47%, signaling recession risks and increasing Bitcoin's appeal as a macro hedge. Euro stablecoin market cap has doubled post-MiCA, enhancing euro-based DeFi liquidity and challenging USD stablecoin dominance. 2. Crypto Market The crypto market shows mixed performance over the past 12 hours, with BTC trading near $89,000 and ETH around $3,036, both relatively stable. Regulatory optimism from the US CFTC's spot trading approval has supported sentiment, while altcoins like Pudgy Penguins (+4.48%), SUI (+1.32%), and NEXO (+1.40%) outperformed, driven by strong community activity, DeFi growth, and renewed interest in lending platforms. 3. Today's Outlook Today's key events include the release of Japan's Q3 GDP data and Australia's latest interest rate decision, both of which may influence global risk sentiment and crypto market volatility. Monitor for potential shifts in capital flows and market reactions as these macroeconomic indicators are digested by investors.

BTC -4.43% ETH -9.27% NEXO -4.34% PENGU -10.64% SUI -10.83%
3 hours ago

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Erik Voorhees Advocates for Decentralization in AI Development

Erik Voorhees, a prominent figure in the cryptocurrency community, has emphasized the importance of decentralization in artificial intelligence (AI) development. Drawing parallels between the need to separate money from state control and the necessity to keep AI independent from centralized authorities, Voorhees warns that some AI developers may not align with the decentralization ethos that is foundational to the crypto world. His comments highlight ongoing concerns about the potential for centralized control in emerging technologies.
3 hours ago

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Understanding Key Crypto Terms: FOMO, HODL, and More

In the fast-paced world of cryptocurrency, understanding key terms is crucial for both new and seasoned investors. "FOMO" or "Fear Of Missing Out" describes the panic buying behavior often seen in volatile markets. Meanwhile, "HODL," a misspelled version of "hold," encourages investors to maintain their positions despite market fluctuations. Other important terms include "DYOR" (Do Your Own Research), which advises investors to independently verify information before investing, and "Moon," which refers to a cryptocurrency's price skyrocketing. "Bagholder" describes someone left with worthless assets after a market downturn, while "Pump" and "Dump" refer to artificially inflating and then selling off assets for profit. Understanding these terms can help navigate the complexities of crypto trading.
3 hours ago

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Trump Proposes Replacing Income Tax with Tariff Revenue

Trump has announced plans to eliminate personal income tax, proposing to fund government operations through tariff revenue instead. This statement, reported by SolidIntel, suggests a significant shift in the U.S. tax system, aiming to relieve individuals from income tax obligations. The proposal indicates a future where tariff collections could potentially replace traditional tax structures.
4 hours ago

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Inference Labs and Theoriq Showcase Real-World Blockchain Applications

Inference Labs has demonstrated significant progress by executing 283 million zkML proofs on-chain, highlighting the operational capability of their AI system. This achievement underscores their focus on verifiable AI, where models and user data remain private while ensuring result accuracy, crucial for compliance and trust in various applications. Meanwhile, Theoriq has launched its Alpha Vault, allowing deposits in ETH, WETH, and wstETH, offering base returns and $THQ rewards. The reward mechanism is clearly defined, detailing calculation, distribution, and duration, with transparency on risks and withdrawal processes. Early participants benefit from higher incentives, reflecting a shift towards valuing real-world data and user engagement over mere concepts.

ETH -9.27% THQ WETH -9.82% wstETH
4 hours ago

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Bitcoin Cash Outperforms Layer 1 Peers Amid Market Decline

Bitcoin Cash (BCH) has emerged as a standout performer among Layer 1 cryptocurrencies this year, according to CryptoKoryo. While most Layer 1 tokens, including Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX), have seen declines ranging from 10% to 80%, BCH, along with BNB, HYPE, and TRX, has posted gains. BCH's resilience is attributed to its unique supply dynamics and demand factors. With its entire supply already in circulation, BCH faces no token unlocks or mandatory selling pressure, unlike many newer Layer 1 projects burdened by vesting schedules and inflationary incentives. Additionally, the potential approval of a BCH ETF has sparked interest from traditional finance institutions, further boosting demand. BCH's liquidity and low volatility make it an attractive option for large funds seeking exposure without high risk.

AVAX -10.75% BCH -3.80% BNB -5.66% BTC -4.43% ETH -9.27%

AI Satellite Networks Poised to Revolutionize Computing Power

Ethereum Market Shows Mixed Signals Amid U.S. and Korean Accumulation

US Treasury Secretary Bessent Projects 3% GDP Growth for Year-End

ZEC, LINK, and TRX Highlighted as December Altcoin Picks

Whales on Polymarket Accurately Predict OpenAI Developments

AI Tools Revolutionize Trading on Polymarket

AKT Chain Refactor Launches Amid Price Decline; Phala Integrates with NEAR

AI Bot Generates $2.2M in Two Months on Polymarket

Cardano Plans Hard Fork to Protocol v11 for Enhanced Security and Governance

Crypto Lending Evolves as a Key Tool for Matching Diverse Capital Needs

OSL Hong Kong Lists XRP for Professional Investors with New Trading Pairs

Machi Faces $21.36M Loss After ETH Liquidation, Reopens 25x Leverage Position

K33 Research Predicts December as Turning Point for Crypto Market

SEC Chair Predicts U.S. Financial Market Shift to Blockchain in Two Years

Phemex Crypto Market Daily: US CFTC Approves Spot Crypto Trading, Euro Stablecoins Surge Post-MiCA (Dec 07)

Erik Voorhees Advocates for Decentralization in AI Development

Understanding Key Crypto Terms: FOMO, HODL, and More

Trump Proposes Replacing Income Tax with Tariff Revenue

Inference Labs and Theoriq Showcase Real-World Blockchain Applications

Bitcoin Cash Outperforms Layer 1 Peers Amid Market Decline