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Rumble will buy AI firm Northern Data in a $1.17B all-stock deal with support from Tether.Tether’s Strategic InvolvementWhat This Means for Rumble and the Industry
Crypto market sentiment turns more bullish as the Fear & Greed Index rises from 64 to 70 in just one week.What a Reading of 70 Means for InvestorsBalancing Optimism and Caution
$1.57B poured into crypto funds after US allowed 401(k) investments, reversing earlier losses.From Outflows to Weekly GainsInstitutional Interest Likely to Grow
: Ethereum profit realization rises to $553M/day as short-term holders drive gains, matching long-term December 2024 levels.Long-Term Holders Hold SteadyMarket Implications of the Current Trend
- 11:52Stablecoin protocol STBL will mint 100 million USST stablecoins in the fourth quarterJinse Finance reported that the stablecoin protocol STBL announced on X that it will mint 100 million USST stablecoins in the fourth quarter, with the related work to be launched in phases. The initial minting of 2 million USST stablecoins has already been completed.
- 11:41Vitalik responds on how to improve the evaluation methods for crypto technology performance to ensure hardware independence, suggesting the use of publicly available hardware.ChainCatcher reported that Ethereum co-founder Vitalik Buterin previously suggested that developers in the fields of zero-knowledge proof (ZK) and fully homomorphic encryption (FHE) should adopt more practical performance evaluation metrics. He proposed using the "efficiency ratio," which is the ratio of encrypted computation time to original computation time, instead of the traditional "operations per second" metric. However, some community users raised concerns about how to ensure hardware independence. In response, Vitalik Buterin stated that publicly available hardware can be used, and the geometric mean of the capital expenditure in US dollars per operation per second and the energy consumption per operation in joules, both for encrypted and original computations, would serve as a reasonable first-pass metric.
- 11:28Andrew Kang increased his short positions to $77.97 million, with unrealized losses of approximately $1 million.According to Jinse Finance, monitored by AI Aunt, the short positions associated with AndrewKang have increased to $77.97 million, including $46.86 million in ETH shorts and $31.14 million in BTC shorts. The current total position has an unrealized loss of $990,000; meanwhile, his ENA long position has an unrealized profit of $2.97 million.