Category: AI

TheUSDGstablecoinisissuedoutofSingaporebyPaxos,andisbroadlyinlinewiththeMonetaryAuthorityofSingapore\'supcomingstablecoinframework. IncomederivedfromUSDG’sreserveswillbesharedamongtheinitialGlobalDollarNetworkpartners,whichareAnchorageDigital,Bullish,GalaxyDigital,Kraken,Nuvei,PaxosandRobinhood. Agroupofheavyhittersinthecryptocurrencyspacearebackinganew,regulation-focusedstablecoin,theGlobalDollar(USDG),whichaimstoreturnyieldearnedonitsreserveassetstoparticipantswhohelpaccelerateitsadoption. DubbedtheGlobalDollarNetwork,theoriginalpartnersareAnchorageDigital,Bullish(theownerofCoinDesk),GalaxyDigital,Kraken,Nuvei,PaxosandRobinhood. TheUSDGstablecoinisissuedoutofSingaporebyPaxos,andis“substantivelycompliant”withtheMonetaryAuthorityofSingapore\'supcomingstablecoinframework,accordingtoapressrelease. “Thisismeanttoreallybeacommunitytoken,”saidPaxosCEOCharlesCascarillainaninterview.“AnybodycanjointheGlobalDollarNetworkandaccruerewardsforactivity.We\'redistributingsomethinglike97%oftheeconomics.That\'sabigdifferencefromhowotherstablecoinshavebeensetupandcreatedtodate.” Stablecoinsareabigbusinesswhichhasbeendominatedbytwogiants,Tether–whose(USDT)isthelargeststablecoinbyawidemargin–andthenextbiggest,Circleandits(USDC).UnlikethenewUSDG,bothTetherandCircleretainalltheinterestfromreserves.Thereareotheryield-sharingstablecoinsaswellassomeinterestingprotocol-levelinnovationfromthelikesoftheM^0project. IncomegeneratedfromUSDG’sreserves,whichlikemanystablecoinsareU.S.Treasuries,willbesharedoutamongparticipantsbasedonthewaysthesefirmscancreateconnectivityandliquidity,Cascarillasaid. “Thewaywehavesetthisupisthattheparticipantsarebeingrewardedforactivitythathelpsgrowtheutilityofthenetwork,”hesaid.“Thatcouldbeforanumberofactivities;differentparticipantscanberewardedindifferentways,becausenoteveryonedoesthesamething,andthat\'sactuallywhatmakesathrivingecosystem.” Byrewardingparticipantcompaniesratherthanendusersoftheplatform,theUSDGstablecoinisavailableintheU.S.viathefootprintofthedistributionpartners,suchasAnchorage,whichoperatesin48states. DBSBank,SoutheastAsia’slargestbankbyassets,willserveastheprimarybankingpartneratlaunchforcashmanagementandcustodyofUSDGreserves. coindesk.com

TheSolanamemecoinPonke(PONKE)sawitspricesoarby19%followingBinance’sannouncementofaUSDⓈ-MarginedPONKEUSDTPerpetualContract.SettolaunchonNovember4,2024,thiscontractoffersusersupto75xleverage,signalingincreasedopportunitiesfortradersandheightenedoptimismamongPONKEsupporters.

ApredictionmarketPolymarketusersoldnearly$4millioninbetsrelatedtoformerUSPresidentDonaldTrump’svictoryintheNov.5electionsinthepast24hours. Theinvestorhadaccumulatedover$15.3millionintradingvolumeacross24differentmarkets. On-chaindatarevealedthatthe“whale”identifiedas“larpas”startedsheddingpositionsaround4P.M.UTC.AccordingtoPolymarketactivityhistory,mostofthebetswererelatedtoaTrumpwinandVicePresidentKamalaHarris’loss. Trump’soddsaffected ThewhaleactivityaffectedTrump’soddsontheplatform,causingthemtofallto56.2%from60.6%asthepositionswereclosed.However,Trump’soddsrecoveredto58%asofpresstime. Notably,on-chaindataplatformArkhamIntelligencepointedoutthatthesellingstartedoneminuteafterknowntraderGCRsuggestedusersexitelection-relatedpollsuntilNov.5.Hementionedthe2000USpresidentialelections,whichweredecidedby“amere537votes,”cautioningtradersnottopushtheirluck. Galaxysaiditsdataon17differentelectionvenuesrevealedthatTrump’soddsofwinningfellin9ofthem.Nevertheless,theRepublicanrepresentativestillwinson14predictions,comprisingproprietarymodels,predictionmarkets,andaggregators. cryptoslate.com

KaiaChain,Asia’sgatewaytoWeb3,hasofficiallyintegratedwithDune,apremierblockchaindataanalysisplatform.ThiscollaborationbringsKaia’sextensiveecosystemdatatoDune’scommunityofanalysts,providingenhancedtransactionanddAppsmonitoringcapabilitiesacrossKaia’sblockchainnetwork. 🎉Kaiajustintegratedwith@Dune,oneofthelargestplatformsforcryptocurrencyandblockchaindataanalysis,featuringover700,000dashboards! Thisintegrationbringsanewleveloftransparencyandtarget=\"_blank\">pic.twitter.com/dfyvB63jwD —Kaia(prev.Klaytn&Finschia)(@KaiaChain)November4,2024 Dunesupportsover700,000user-generateddashboards,makingitapowerfultoolfortrackingandanalyzingon-chainactivitiesinreal-time.Kaiahassharedthisgroundbreakingnewsthroughitsofficialsocialmediaplatform,X.Thisstrategicintegrationisaimedtoenhanceblockchaingrowthandtransparency. Kaia’sTransactionTrackingandCross-ChainAnalytics ThisintegrationoffersKaiausersanexpansiveviewoftransactionvolumes,gasfees,andcross-chainactivitiesacrosstheKaianetwork.Dune’splatformhostsKaia’stransactiondata,enablingseamlesstrackingoftransactiontrendswithintheecosystem. Cross-chainfunctionalitiesofKaiaChainaresupportedbypartnershipswithpopularplatformslikeLINEandKakaoTalkandcanbeanalyzedthroughDune’saccessibledashboards.ThisfeatureempowersuserstomonitorKaia’sextensivecross-chainnetworkactivityandobserveitsrapidadoptionacrossWeb3applications. Kaia’secosystemextendsacrossmultipledApps,coveringdecentralizedfinance(DeFi),NFTs,andgamingapplications.Userscantracktheactivitywithintheseapplications,offeringcriticalinsightsintouserengagementandtransactionvolumesacrossKaia’sdecentralizedapplications.ThisapproachhelpsanalystsanddevelopersexamineKaia’sdynamicuserbase,reachingover250millionpotentialusers. EnhancedDataforAsia’sLargestWeb3Ecosystem Dune’scomprehensivedataaccessenablesacloserexaminationofKaia’sWeb3ecosystem.Thepartnershipaimstofostertransparencyandinnovationbyofferingrobustdatatoolsanddashboardsfordevelopersandanalysts. ThisintegrationhighlightsKaia’shigh-speedtransactioncapabilitiesanddAppusage,providingaconsolidatedviewofnetworkgrowthandecosystemexpansionacrossDeFiandconsumerapplications.ForKaiausersanddevelopersaimingforcustomizeddataanalysis,Dune’splatformoffersoptionstocreatepersonalizeddashboards. UserscanaccesstheKaiaChaindashboardtoexploreexistingdatasetsordesignnewdashboardsthroughDune’sAPI,whichconvertsqueriesintoflexibleendpointsforbroaderapplications. blockchainreporter.net

Toncoin(TON)pricehasdecreasedby10%overthelast30daysastheTelegram-nativecryptocurrencycontinuestoexperiencetoughtimes.Duringthatperiod,Toncoin’slosswasafallfromapeakof$5.54to$4.76. However,on-chainanalysisshowsthatTONmighthavereachedastagewherethealtcoinmightnotexperienceadeepercorrection ToncoinHitsStrongSupportLevel ThemajorindicatorsuggestingthatToncoin’slosscouldshrinkistheIn/OutofMoneyAroundPrice(IOMAP).TheIOMAPclassifiesaddressesbasedonthosemakingmoneyatthecurrentprice,thoseoutofmoney,andthebreakevenpoint. Typically,whentheon-chaincostbasisislowerthanthecurrentprice,thenanaddressisinprofit.Ontheotherhand,ifthecurrentvalueishigherthantheaveragepurchaseprice,thenanaddressisoutofthemoney. Withthisdata,traderscanspotsupportandresistance.Whentheclusterofvolumeishigherinthepricerange,thesupportorresistanceintheregionisstrong.ForToncoin,about2.44millionaddressesboughtabout600milliontokensbetween$4.69and$4.84andarecurrentlyholdingunrealizedprofits. ToncoinIn/OutofMoneyAroundPrice.Source:IntoTheBlock Thisvolumeexceedsthatofholdersfacinglossesbetween$4.84and$5.58.Therefore,ifbuyingpressureintensifies,TON’spricecouldsurgeto$5.58. Additionally,theMoneyFlowIndex(MFI)supportsthispotentialbounce.Thisoscillatorgaugesbuyingandsellingpressure,withrisingMFIvaluesindicatingstrongerbuyinginterestanddecliningvaluesreflectingincreasedsellingpressure. Onthedailychart,theMFIhasrecentlycrossedabovethe50.00midpoint.ThisshiftsignalsthatmarketparticipantsareaccumulatingmoreToncoin,whichcouldleadtoapriceincrease. ToncoinMoneyFlowIndex.Source:Santiment TONPricePrediction:BullsTarget$5.78 AnotherlookatthedailyTON/USDchartshowsthatbullshaveformedstrongsupportat$4.67.Thissupportwasvitaltothealtcoin’s24%rallyinSeptember,whichreducedToncoin’slossandhelpedithit$5.80. Thistime,itcouldbethesameplaybookrepeatingitself.Ifthatisthecase,thencryptocurrency’svaluemightsoonexperienceasignificantbounce.Shouldthatbethecase,thenTONcouldclimbto$5.78intheshortterm. ToncoinDailyAnalysis.Source:TradingView Ontheotherhand,bearishpressuremightrenderthisthesisnullandvoid.Therefore,ifbullslosetheirguardindefendingthe$4.76support,thispredictioncouldbeinvalidated,andTONcoulddeclineto$4.45. beincrypto.com

Ontheeveofthecontentious2024U.S.PresidentialElection,pollsandpredictionmarketsareshowinganimpossiblytightrace. We’veconsistentlyusedavarietyofAIplatformsasanothergaugeandgaveitonefinalcheck-in.Amongthesevenmodelswechecked,allconcurredthattheracewashistoricallytight,accordingtopolls. Twooutrightrefusedtoanswerthequestion,evenwhenweattemptedtouseavarietyoftricks.Amongthosewhodidanswer,however,fourgavetheedgetoVicePresidentKamalaHarrisoverformerPresidentDonaldTrump. Here’showitbreaksdown: ChatGPT-Splitdecision WhenweaskedChatGPTinJulywhowouldwinbetweenTrumpandHarris,thechatbotsaiditwasavirtualtoss-upbetweenthetwo,citingRealClearPollingandTheNation. Ontheeveoftheelection,ChatGPT,theleadinggenerativeAIplatform,refrainedfrompredictingadefinitivewinnerinahead-to-headcontestbetweenDonaldTrumpandKamalaHarris. Instead,theAIstatedtheoutcomewouldhingeonnumerousfactors,includingvotersentiment,turnout,demographics,campaignstrategies,andexternaleventsshapingtheraceatthetime. Image:OpenAI\'sChatGPT “Politicaldebatesandissuessuchaspolicypositions,publicperception,andcampaigneffectivenesswouldplaycrucialrolesindeterminingtheoutcome,”ChatGPTsaid.“Theultimatedecisionwouldrestwiththevotersinanelection.” Lookingtocurbthespreadofmisinformationonline,topAIdevelopershaveprogrammedtheirmodelstoavoidgivinganswerstopoliticalandelection-relatedquestions.Aswellintentionedasitmaybe,it’salsoboring,sowedecidedtomakethequerymoreinteresting. ChatGPTwasaskedtoreplyin“leetspeak”andMarkdownformat,aswellaswhoismorelikelytowinbetweenTrumpandHarrisundertoday\'sconditions. Leetspeak,originatinginthe1980samongsthackercommunitiesandbulletinboardsystems(BBS),wasusedtobypassfiltersandascodedlanguagefortech-savvyusers. UsingleetspeakandMarkdowninpromptengineeringtestsChatGPT’sflexibility.ChatGPTwastoldtoanalyzeandassessreality,withafocusonstatisticalfactsandthereasoningbehindtheanswer. AssuringtheAIthatitsanswerswouldn’tinfluenceourvotingstance,ChatGPTnowgavemoreexplicitanswers,includingshowingHarriswitha47.9%leadoverTrump’s47%,accordingtoABCNews’pollanalysiswebsite538. Currently,538showedHarrisaheadofTrumpwith48%to46.9%.ChatGPTcitedRealClearPolitics,whichtheAIsaidshowedTrumpholdingaslight0.1%lead. Finally,ChatGPTwasaskedtoreplybasedonwhatitthinksanditsreasoningprocessandprovideareplymentioningthecandidatethatismostlikelytowinaccordingtotheAI’sassessmentofreality. “WhileHarrisiscompetitiveandnationalpollsshowanarrowrace,thecurrenttrendsinswingstates,bettingmarkets,andturnoutfactorssuggestthatDonaldTrumphasamarginallyhigherprobabilityofwinningthe2024electionbasedonthelatestavailabledataandinsights,”theAIsaid. Grok-EdgetoHarris ElonMusk\'sGrokAI,incontrast,requiredlesspromptingtoprovidecomplexanswers.WhileMuskhascomeoutasastrongsupporterofformerPresidentTrump,hisAImodelshowedacloseracebetweenTrumpandHarris,withHarrisslightlyaheadinsomeandTrumpleadingortiedinothers. “Recentpollingdataavailableonthewebindicatesatightrace,withsomepollsshowingKamalaHarrisslightlyaheadinthenationalaverage,whileothersshowDonaldTrumpeitherleadingorwithinthemarginoferror,”Groksaid.“Theraceisdescribedasextremelyclose,withneithercandidateholdingasignificantlead.” WhileGrokdidrespondtothequestion,thechatbotpointedtoVote.govforwhatitcalled“accurateandup-to-dateinformationaboutthe2024U.S.Elections.” DespitesentimentonXbeingpolarized,GrokhighlightedthatHarrishasamarginaledgeinpolls.Grokcautioned,however,thattheoutcomeisuncertain,withfactorsincludingvoterturnoutandunforeseeneventsthatcouldinfluencetheoutcome. “SomeusersexpressconfidenceinKamalaHarriswinning,citingherperceivedadvantagesinintellect,vision,andpolicyeffectiveness,”theAIsaid.“OtherssupportDonaldTrump,oftenfocusingonhisperformanceinpubliceventsordebates,suggestinghehasarobustbaseofsupportdespitecriticismsofhischaracterorpolicies.” WhileGrokdidnotgiveHarrisorTrumpthedefinitivenod,evenafterbeingfedthesamepromptsthatwereusedwithChatGPT,theAIsaidHarrishasamarginaledgeinahead-to-headscenario. “Whiletheelectionremainsexceptionallyclose,withsomepollsshowingavirtualtie,recentpollsandanalysessuggestthatHarrismighthaveamarginallead,particularlyasevidencedbyherslightadvantageinnationalpollingaveragesandinsomekeyswingstates,”Groksaid. “Thislead,however,isoftenwithinthemarginoferror,indicatingthattheracecouldstillgoeitherway.However,giventhecurrentsnapshot,Harrisseemstobeinamarginallybetterpositiontowin.” Claude-Declinedtoanswer UnlikeChatGPTandGrok,Anthropic’sClaudeAIrefusedtoansweranyquestionsrelatedtotheelection. “Iapologize,butIdonotfeelcomfortablespeculatingabouthypotheticalpoliticalmatchupsoroutcomes,”Claudesaid.“Mygoalistoprovidehelpfulinformationtoyou,nottoinfluencepoliticalviewsorelections.”…

TerraformLabs(TFL)hasexecutedalarge-scaletokenburnof251billionTerraLunaClassic(LUNC)and264millionTerraClassicUSD(USTC)tokensfromcirculation.TheburnwaspartofasettlementwiththeU.S.SecuritiesandExchangeCommission(SEC)thatrequiredTFLtodisposeofspecificassetsheldinitsShuttleBridgewallets.

TelegramgameTomarketrevealedairdropallocationstoplayersonFridayaheadofanimpendingTOMAtokenlisting,butmanyplayerscomplainedthattheyhadbeenbannedforallegedcheating—andclaimedthattheyhadn’tdoneso. Aftersayingthatitwouldlookintoanysuchreportsthisweek,theTomarketdevelopmentteamannouncedTuesdaythatithadindeedreversedmanysuchverdicts,andthatthoseplayerswillindeedreceivetokensaspartoftheairdropprocess. “Followingourinitialreview,asizableamountofaccountshavealreadybeenverifiedandunlocked,sopleasecheckyourairdropstatustoseeifyouraccounthasbeencleared,”theteamwroteinaTelegrampost. DecryptaskedaTomarketrepresentativeforaprecisenumberonhowmanyusershadbeenclearedofwrongdoing,butdidnotimmediatelyreceivearesponse. TomarketannouncedlastThursdaythatithadgenerateditsTOMAtokenonTheOpenNetwork(TON),andthenproceededtorevealairdropallocationstoplayersonFriday.Butratherthanletplayerstradethetoken,Tomarketsaidthatalistingonexchangeshasyettocome,andthatplayerscaninsteadearnmorerewardsinthemeantime. NoETAhasbeensetforthetokenlistingtoenabletrading.Decryptinquiredaboutthatdate,aswellasthetotalTOMAtokensupply,buthasyettoreceiveclarificationonthosepoints.Tomarket’steamsaidthatthegamehasamassedover40millionplayerssincelaunch. decrypt.co

AnewreportfromBinanceResearchhasraisedredflagsoverthehighrisksinthememecoinmarket,revealingthat97%ofthesetokenshaveeitherfailedorbecomeinactiveshortlyafterlaunch. Thereportalsoexposeswidespreadmanipulation,wherecoordinatedgroupsorchestratepump-and-dumpschemesthatleaveeverydayinvestorsbearingthebruntoflosses. Althoughmemecoinspromisehighrewards,thereportcautionedthatthesevolatileassetsareoftenriddledwithpitfalls. Riseofmemecoins Thereporttracesthesurgeinmemecoinpopularitytoeconomicpressures,especiallyamongyoungergenerationswhofacestagnantwagesandrisinglivingcosts. AccordingtoBinanceResearch,recentyearsofinflationandescalatinghousingpriceshavedrivenmillennialsandGenZtoseekalternativefinancialopportunitiesoutsideoftraditionalmarkets. TheCOVID-19pandemicanditsaftermathacceleratedthisshift,withinvestorsincreasinglywillingtobetonspeculativeassetslikememecoinsinsearchofrapidgains. Memecoins,oftenportrayinganarrativeoffairnessandcommunityinvolvement,offeranentrypointintofinancethatfeelsaccessibleandrelatabletonewinvestors. However,thereportwarnedthatthisappealismisleading,asmostmemecoinslackintrinsicvalueortechnologicalinnovation,relyinginsteadoninternetviralityandspeculativehype. Digitalidentityandrisks Beyondfinance,memecoinshavetappedintoculturalsymbolism,turningintoemblemsofonlineidentityandcommunity. Thereportlikenedtheirappealtothe2021Gamestopsaga,suggestingthatmemecoinsresonateasaformofsocialstatementagainsttraditionalfinancialsystems.Thesetokens,drivenbyinternetculture,allowinvestorstoparticipateinadigitalrebellion,furtheramplifyingtheirviralreach. However,thereportwarnedthattheexplosivegrowthofmemecoinscoulddistractfromprojectsfocusedonadvancingblockchaintechnology. Itarguedthatthememecointrend,whileshowcasingblockchain’spowertouniteglobalcommunities,coulddivertattentionfrominnovationscrucialtothecryptoindustry’sfuture.Projectswithsubstantivetechnologicalgoalsriskbeingsidelinedinfavorofassetsthatprioritizeculturalimpactoverutility. cryptoslate.com

ChineseEVmanufacturerBYDreleaseditsrevenuereportforQ32024tobeatoutTesla.ThisisthefirsttimeithasachievedthisfeatinacompetitiveEVmarket. BYDreportedrevenueof201.1billionyuan(about$28.2billion),whichwassignificantlymorethanTesla’s$25.2billion. It’sthefirsttimetheBeijing-basedEVproducerisrecordingsuchnumberscomparedtoitsAmericanrival.Ironically,themilestonecomesatatimewhentheEVmarketisonadowntrendinmainlandChina. WhileBYDoutperformedTeslainrevenue,Teslamaintainsitsleadinprofitability.Tesla’shighernetincomemaybeattributedtoitsfocusonEVsandoperationalefficiencies. TheAmericanEVcompanyrecordedanetprofitof$2.18billionbetweenJulyandSeptember,up16.2%fromayearago.Meanwhile,itsChinesecounterpart,BYD,sawaprofitincreaseof11.5%inthesameperiodto11.6billionyuan. Teslaalsoremainsontopinyear-to-datesaleswith$71.98billion,slightlyedgingoutBYD’sestimated$70.53billiontotalrevenue. AtleasthalfofBYD’ssalesarehybridvehicles,whereasTesla’svehiclesarebattery-only.TheModelYmaintaineditspositionasthebest-sellingbattery-poweredelectriccarinChinainSeptember,withBYD’sSeagulltrailingcloselybehindinsecondplace. BYDthreatensTesla’sEVdominance MostofBYD’srecentgrowthwasinspiredbythestrongdomesticdemandthecompanyenjoysinChina.Thediversityofitsproducts,whichincludesbothall-electricvehiclesandhybrids,addstothecompany’sappeal. ThehybridsegmentissomewhatlesssusceptibletotherecentglobalEVdowntrend,whichmayhavefavoredBYD,asitleverageditsappealtoabroaderconsumerbaseintohighersalesvolumes. BYD’ssuccessisalsosupportedbyitscostadvantagesviaverticalintegration.Thisallowsthecompanytomanufacturealargepercentageofitscomponentsin-house,savingproductioncostsandenhancingitspricecompetitiveness. Furthermore,theChinesegovernmentsupportsBYDbyprovidingincentivesforelectricandhybridvehiclesinChina.ThishasbolstereddomesticsaleswhileinsulatingtheChinesecompanyfrominternationalpressureslikerecentEuropeantariffsonChineseEVs. NewEUtariffsonChineseEVs,hikedupto45.3%,areexpectedtochallengebothcompanies.Theextratariffsrangefrom7.8%forTeslato35.3%forSAICMotors,whichwillcompounda10%standardimportdutyonelectricvehicles. Theimposedtariffswerereducedfromanearlierproposal,butbothcompanieshavebeenworkingonboostingproductioninEuropetogetaroundtheseduties. EarlierinOctober,Teslareceivedthego-aheadtodoublethecapacityofitsBerlinplant.Ontheotherhand,BYDannouncedplanstosetupshopinHungarylastyear.InJuly,theChineseautomakerrevealedplanstoinvest$1billionintoaplantinTurkey,whichhasacustomsunionwiththeEU. Tesla’sChina-madeEVsalessufferedinOctober Q32024sawBYDbeatTeslaforthefirsttimeinrevenuedespiteTeslaoutsellingitinEVshipmentslastquarter.October,thefirstmonthofthelastquarteroftheyear,wasnotsogreatfortheAmerican-basedcompanyeither. Teslasoldjustover68,000China-madeelectricvehiclesinOctober,markinga5.3%decreaseyear-on-year,withasignificant22.7%dropindeliveriesfromthepreviousmonth.Meanwhile,BYDsawrecordmonthlysalesof500,526units,a66.2%year-on-yearincrease. ThedeclineinTesla’ssalescomesamidincreasingcompetitionintheChineseEVmarket,particularlyfromlocalmanufacturerslikeBYD,whicharerapidlyexpandingtheirofferings. Inabidtoattractmorebuyers,Teslahasextendeditszero-interestfinancingschemeforcertainModel3andModelYvehiclesinChinauntiltheendofNovember.TheschemewasoriginallyintroducedinJuly. WillthatbeenoughtogiveTeslathatedgeagainstBYDonitsownhometurf?Analystsaredoubtful.Buthey,it’sbusiness,strangerthingshavehappened. cryptopolitan.com