Crypto Nature

🔥 INSIGHT: Jack Dorsey urges tax-free small Bitcoin payments for everyday use.

Overview of Cryptocurrency Futures Trading Volumes ©️

The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.

Binance Futures leads with $39.04 billion in 24-hour volume and $420.13 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $208.28 billion in weekly volume.

OKX Futures ranks third with $17.32 billion in 24-hour volume and $187.01 billion in weekly volume. Bybit Futures and Binance show $14.53 billion and $10.38 billion in 24-hour volume, respectively.

MEXC Futures also showed a significant weekly trading volume of $27.44 billion.

Trader and cryptocurrency researcher Teng Yan predicts that the price of Ethereum could exceed $5,000 in 2024 but warns that the path will be uneven. He expects the launch of a spot ETF on Ethereum to act as a growth catalyst, attracting traditional investors.

Goldman Sachs plans to launch three asset tokenization projects by the end of the year. The projects will focus on managing US debt obligations, tokenizing European debt instruments, and diversifying the bank's asset tokenization efforts. For these projects, the bank uses private blockchain networks.

It looks like Goldman Sachs is actively integrating blockchain technology, creating new opportunities for investors. 💼

Miners are beginning to transform into data centers for AI. Bernstein experts predict that by 2027, 20% of mining power will be used for AI. Filecoin and SingularityNET announced a partnership to integrate AI and decentralized data storage.

It seems miners are finding new uses for their power, and the partnership between Filecoin and SingularityNET promises interesting developments in the world of AI and blockchain. 🤷

Cryptocurrency Wallets

Cryptocurrency wallets are digital tools for storing, sending, and receiving cryptocurrencies. They store private and public keys needed to interact with the blockchain.

Types of Wallets:

Hot Wallets:

🔵 Connected to the internet, used for everyday transactions.
🔵 Online wallets, mobile and desktop wallets.
🔵 Convenient and fast access.
🔵 Vulnerable to hacking attacks.

Cold Wallets:

🔵 Not connected to the internet, providing a high level of security.
🔵 Hardware wallets, paper wallets.
🔵 High protection from hacks and theft.
🔵 Less convenient for frequent transactions.

Why are cryptocurrency wallets needed?

🔵 Wallets protect cryptocurrency from theft and loss.
🔵 Allow sending and receiving cryptocurrency.
🔵 Provide full control over your assets without third-party involvement.

Cryptocurrency wallets are essential tools for managing and protecting digital assets. The choice between hot and cold wallets depends on your security and convenience needs.

SenseTime has introduced SenseNova 5.5, China's first real-time multimodal AI model

At the WAIC conference in Shanghai, the company stated that the model surpasses GPT-4 in 5 out of 8 key metrics, improving mathematical abilities, English proficiency, and command ex*****on, while reducing the cost of access to advanced AI technologies.

It seems SenseTime is not just catching up to Western competitors but actively paving its own path in the world of AI! 🌐

Dragonfly Investment Fund has invested in an online search engine for blockchain - the DORA project has raised 5.5 million dollars!

The Dora project develops a universal tool for analyzing transactions in various blockchain networks, providing users with all the necessary data on one platform. This could become a serious competition for services such as Arkham and Glassnode.

AI startup Hebbia has raised $130 million in a Series B round led by Andreessen Horowitz. Investors also include Index Ventures, Google Ventures, and Peter Thiel. Founded in 2020, the company is valued at $700 million and helps businesses analyze complex data.

After the bitcoin price plummeted, investors have been actively buying the asset at a reduced price, resulting in daily inflows of $295 million into the bitcoin-ETF. This indicates a growing interest in bitcoin among institutional investors and traders using a "buy the dip" strategy. This activity may contribute to the bitcoin price recovery in the near future.

According to Messari, the number of daily active addresses on TON exceeded the number of active addresses on ETH😎