Grayscale to Launch the First XRP Trust Product in the United States.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
OpenAI Launches AI Model o1 with Reasoning Ability, Demonstrating Outstanding Performance in Mathematics and Coding
According to the official blog of OpenAI, OpenAI has launched the AI model o1 (internally codenamed "Strawberry") with reasoning ability. The model has demonstrated outstanding performance in complex task reasoning and solving challenging scientific, coding, and mathematical problems. Tests have shown that o1 performs at a level comparable to that of doctoral students in challenging benchmark tasks in physics, chemistry, and biology. OpenAI has also introduced a faster and more economical version called o1-mini, which focuses on coding tasks and is priced 80% lower than o1-preview. Although the o1 series currently lacks some features of ChatGPT, it represents a new height of AI capability in complex reasoning tasks and can be widely applied in fields such as medical research, physics, and software development. OpenAI plans to grant o1-mini access to all free ChatGPT users.
Trump Announces Launch of His Family's Cryptocurrency Project World Liberty Financial on September 16
Donald Trump, the Republican presidential candidate, has announced the official launch of his family's cryptocurrency project, World Liberty Financial, on September 16. Trump posted a video on his X (formerly Twitter) account, stating, "On the evening of September 16 at 8 p.m., join me on Twitter Spaces to witness the launch of World Liberty Financial. We are embracing the future of cryptocurrency and abandoning the slow, outdated big banks." The project will be built on the decentralized finance platform Aave and the Ethereum blockchain, with its core being a "credit account system."
Binance Launchpool to Launch Hamster Kombat (HMSTR) on September 19
Binance has announced its 58th Launchpool project, Hamster Kombat (HMSTR). Users can participate in a 7-day HMSTR airdrop by locking BNB and FDUSD starting from 00:00 (UTC) on September 19, 2024. Binance will list HMSTR on September 26, 2024, at 12:00 (UTC) and open trading pairs such as HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD, and HMSTR/TRY. Additionally, users can lock HMSTR in the Simple Earn lock-up product to enjoy special annualized yields. HMSTR is a cryptocurrency exchange CEO simulator P2E game based on the Telegram mini-program platform.
NFT Pumpfun Platform Mint.Rich Goes Live on Mint Mainnet
The native application of Mint Blockchain, Mint.Rich, has gone live, focusing on the launch of Meme NFT assets and supporting one-click issuance of Meme NFTs based on the ERC721 and ERC404 protocol standards. ERC404 NFTs possess attributes of both ERC20 and ERC721 and can undergo token conversion. It is a hybrid asset protocol standard that combines the emission mode of Pumpfun, making NFT issuance more gamified and social.
Binance Labs Announces Investment in RWA Tokenization Platform OpenEden
Binance's venture capital and incubation arm, Binance Labs, has invested in OpenEden, a platform dedicated to tokenizing real-world assets (RWA) to bridge the gap to the new financial system. Last month, OpenEden announced that the total locked value (TVL) of its tokenized TBILL has exceeded $100 million. The platform allows KYC-verified investors, DAOs, and cryptocurrency fund managers to connect their self-custody wallets and mint TBILL tokens to earn stablecoin yields from idle operating funds. Currently, OpenEden has attracted over 100 institutional clients.
Foreign Media: Grayscale to Launch the First XRP Trust Product in the United States
According to FOX Business, the cryptocurrency investment company Grayscale is set to launch the first XRP trust product in the United States, paving the way for a potential XRP ETF.
TON Collaborates with Southeast Asian Ride-Hailing Platform TADA to Launch TADA mini In-app Ride-hailing Service on Telegram
The Open Network (TON) Foundation has announced a collaboration with the Southeast Asian ride-hailing platform TADA to launch the in-app ride-hailing service TADA mini on Telegram. Users can directly book vehicles through Telegram without the need to download additional applications or undergo cumbersome registration. They can also pay for the ride using TON or USDT-TON. To celebrate the partnership, both parties will offer 4000 free ride opportunities during the TOKEN2049 cryptocurrency event in Singapore. Subsequently, users who book through TADA mini will enjoy a 50% discount. TADA currently operates in Singapore, Thailand, Vietnam, and Cambodia, with plans to expand into the Hong Kong market.
Binance Announces the Launch of BNSOL, Allowing Staking of SOL Tokens to Earn BNSOL as Rewards
Binance has announced the launch of BNSOL (Binance SOL Staking) service. Users can stake SOL to earn liquidity staking tokens BNSOL, which can be used flexibly on Binance products and external DeFi platforms while also earning staking rewards. BNSOL accumulates staking rewards through a conversion ratio, and its value will gradually surpass an equivalent amount of SOL over time. Users can redeem BNSOL at any time, supporting standard redemption and immediate market trading. Additionally, BNSOL is compatible with the Binance Web3 wallet and can be integrated with multiple Solana ecosystem projects such as Kamino, Drift, and Orca, aiming to provide users with more SOL staking options and increase liquidity in the Solana ecosystem.
AllianceDAO Founder: Invested in Pump.fun Due to Founder's Highly "Autistic Traits"
AllianceDAO founder Qiao Wang shared a unique perspective on their investment in and incubation of Pump.fun during an interview. Qiao emphasized that when investing in user-end products in the early stages, investment decisions are more based on the judgment of the founder rather than the project concept itself. Qiao stated that he saw highly "autistic traits" in the founder of Pump.fun. He explained, "Autistic traits enable founders to think independently, observe the world in a non-mainstream way, and remain uninfluenced by prevalent viewpoints on the internet."
Qiao believes that successful cryptocurrency founders need to possess two key traits: thinking ability (stemming from autistic traits) and initiative (stemming from childhood trauma). He considers this unique combination to be the core factor driving innovation and project success. Although difficult to discern in early meetings, childhood trauma often serves as the driving force behind founders' continuous advancement, fueling their strong desire to "prove themselves." Qiao admitted to having a certain degree of "autistic traits" himself, which may explain his unique perspective in investment decisions.
WeWork Founder's Cryptocurrency Entrepreneurship Project Fails to Launch, Returning Millions of Dollars to Investors
According to Forbes, Flowcarbon, a climate tech startup co-founded by former WeWork CEO Adam Neumann, is quietly returning investors' funds. The company's previously highly anticipated "Goddess Nature Token" (GNT) project has failed. Flowcarbon announced in May 2022 that it had completed a $70 million financing round, with at least $38 million coming from token sales. Prominent investment firms such as a16z, General Catalyst, and Samsung NEXT participated in the funding. However, the GNT has yet to be issued, and the company has recently begun refunding investors. During the refund process, Flowcarbon has requested GNT buyers to sign a waiver of claims agreement and adhere to confidentiality clauses. The company stated that market conditions and resistance from carbon registries are the main reasons for the refunds.
Market Dynamics
Recommended Reading
PayFi Revolution: 5 major Web3 payment projects will subvert traditional financial methods
Do you remember STEPN? Heard it can make $300 a day again?
In-depth analysis of Fractal Bitcoin: How to reshape the Bitcoin ecosystem?
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
