Vitalik Buterin supports the Gitcoin Grants funding model but insists it must adapt to chaotic times. He highlights its meritocratic benefits and AI use, pointing out that it still retains characteristics suited to a stable era. Recommendations include refining to better align with contemporary conditions.
Archives: Fast News
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Bitcoin traders position for potential move toward $80,000
Bitcoin traders are positioning for a potential rally above $80,000 as market sentiment shifts. BTC is currently trading around $70,089, leaving room for upside movement. The positioning reflects trader expectations for continued momentum, though the path to higher levels depends on broader market conditions and macroeconomic factors.
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XRP Ledger transactions surge to 2.7M daily as token holds steady
XRP Ledger daily transactions have jumped to 2.7 million, marking a significant surge in network activity. The XRP token continues to trade in a narrow price range near $1.39, with transaction growth outpacing recent price volatility.
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Baidu AI Cloud introduces DuClaw, a zero-deployment service
Baidu AI Cloud has introduced DuClaw, a service that eliminates user deployment challenges, allowing direct access via web browsers without technical jargon.
The service will soon support popular platforms like WeChat Work and DingTalk for enhanced accessibility.
DuClaw incorporates several well-known Baidu functionalities, including Search and Academic Search, while supporting various advanced models for user convenience.
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X Money payment app launches in April with 6% yield feature
Elon Musk announced that X Money, a payments application built into X, will launch in April. The app will offer 6% yield on account balances and enable peer-to-peer transfers directly on the platform, positioning itself as a competitor to existing stablecoin-based financial products. The announcement generated market interest, though no cryptocurrency functionality was disclosed for the service.
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Crypto is finance with new infrastructure, says Australia’s ASIC fintech chief
Australia’s financial regulator ASIC argues that cryptocurrency does not require entirely new regulatory frameworks, comparing blockchain technology to previous shifts in financial infrastructure. The regulator’s fintech chief noted that when financial systems moved from paper-based to electronic records, new regulations were not needed because the underlying principles remained the same. This perspective suggests that existing financial regulations can adapt to blockchain technology without requiring a complete overhaul of the regulatory framework.
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Babylon Protocol TVL declines 15.7% to $2.9B
Babylon Protocol’s total value locked has fallen 15.7% over the past 24 hours, dropping to $2.9B. The decline marks a significant pullback for the protocol, which focuses on Bitcoin staking and restaking solutions on blockchain networks.
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Solmate proposes a 10-for-1 reverse stock split to advance the construction of the Solana Center in the UAE
On March 11, it was reported that Nasdaq-listed Solmate has proposed a 10-for-1 reverse stock split and plans to change its name to Solmate Infrastructure PLC. This move is intended to support the construction of the Solana hub in the UAE.
The company intends to divest two underperforming football teams from its portfolio. It will retain only the Italian club Juve Stabia, using the resulting funds to enhance the Solana infrastructure in the UAE.
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Ethereum hits record activity while ETH price stalls and fees surge
Ethereum blockchain is processing record transaction volumes, but the surge in network activity hasn’t translated into ETH price gains. The increased usage has also driven blockchain fees higher, creating a disconnect between network demand and token performance. ETH is currently trading at $2,020.55.