Chuyên mục lưu trữ: DeFi

DeFi (Tài chính phi tập trung) là một hình thức tài chính dựa trên blockchain, không phụ thuộc vào các bên trung gian tài chính trung ương như người môi giới, sàn giao dịch hoặc ngân hàng để cung cấp các công cụ tài chính truyền thống, mà thay vào đó sử dụng các hợp đồng thông minh trên blockchain, loại phổ biến nhất là Ethereum.

Nền tảng DeFi cho phép mọi người cho vay hoặc đi vay từ những người khác, đầu cơ dựa theo sự biến động giá trên một loạt các tài sản sử dụng phái sinh, thương mại tiền mã hóa, bảo đảm chống lại rủi ro, và kiếm được lãi trong những tài khoản giống như sổ tiết kiệm. DeFi sử dụng kiến trúc phân lớp và các blocks xây dựng có khả năng kết hợp cao.

Mistral AI surges: How $640M could shake up AI, crypto, and big tech alliances

Is the intersection of Mistral AI’s funding a glimpse into the future of decentralized finance and AI-powered technologies?

Mistral AI, a French tech startup, has recently concluded a large funding round, raising €600 million (approximately 0 million). This funding, a blend of equity and debt, has raised Mistral AI’s valuation to billion.

Founded just over a year ago, Mistral AI specializes in developing AI models, similar to those used by industry leaders like OpenAI, valued at over billion.

These AI models, known for their applications in chatbots and other AI-driven services, require large investments in advanced infrastructure, such as Nvidia’s high-performance semiconductors.

Mistral AI has attracted substantial attention and support, as evidenced by previous investments from major entities, such as Microsoft’s million investment in February 2024.

Moreover, Mistral AI has taken steps towards openness and collaboration by releasing several of its AI models under open-source licenses, enabling developers worldwide to leverage and build upon Mistral AI’s technology.

Beyond financial achievements, Mistral AI’s partnerships with cloud providers like Microsoft Azure cement its strategy to integrate AI solutions into diverse technological ecosystems and expand its global footprint in the competitive AI market.

But what does it mean for the crypto market, and why should you take notes? Let’s find out.

How does it impact crypto?

Mistral AI’s recent funding round highlights the increasing demand for advanced AI technologies, which aligns with the infrastructure needs of global crypto mining operations. 

As AI models continue to evolve, necessitating high-performance semiconductors and extensive data processing capabilities, the synergy with crypto mining — also reliant on powerful computing power and secure data management—becomes increasingly apparent. This commonality could lead to opportunities for resource sharing and collaboration between the two industries.

Simultaneously, the integration of AI with blockchain presents promising opportunities for cryptocurrencies. Blockchain’s decentralized structure and transparent ledger system provide solutions to challenges such as data security and transparency in AI applications. 

This alignment not only enhances the reliability of AI systems but also stimulates innovations in the crypto space, potentially improving efficiency and security across decentralized finance (DeFi) platforms.

Juan Leon, a senior crypto research analyst, projects the economic impact of this convergence, suggesting that AI and crypto combined could contribute up to trillion to the global GDP by 2030. 

Practically, Mistral AI’s funding is just a starting point that could accelerate developments in AI infrastructure, potentially increasing demand for computational power and data storage—and aligning more closely with the similar needs of the crypto sector.

Giants watching and making moves

At the recent Cornell Blockchain Conference, Microsoft’s Yorke Rhodes discussed the evolving relationship between AI and blockchain. 

He hinted at the prospect of AI-powered agents leveraging blockchain’s capabilities, signaling the early stages of exploration in this convergence.

Microsoft’s approach involves optimizing existing technologies rather than developing foundational blockchain infrastructure (L1). Rhodes cited their focus on enhancing efficiencies, such as through layer-2 blockchain rollups, which streamline transactions and improve scalability.

Industry voices, including Matt Stephenson from Pantera Capital, also agreed on cryptocurrencies in supporting AI advancements. Stephenson mentioned that crypto could serve as a fundamental infrastructure for AI models, particularly transformative and diffusion models. 

These dynamics intensify with OpenAI’s role, recently embroiled in partnerships with Apple that could redefine industry alliances. 

Recent reports suggest the integration of OpenAI services into Apple products. Microsoft, a key investor in OpenAI, has been watching these developments closely. 

The strategic implications for Microsoft are clear: a successful Apple-OpenAI alliance could potentially disrupt Microsoft’s own AI initiatives, prompting a careful reevaluation of their competitive strategy in AI and cloud computing, and crypto could become a sidekick in this exercise.

The road ahead

As AI and crypto technologies continue to evolve, their combined impact on global economies will likely be far-reaching. From enhancing operational efficiencies to promoting innovation and economic growth, these technologies could reshape how companies and economies function and conduct business.

In addition, there is brewing tech rivalry between giants that might adopt various use cases of blockchain and AI to become more competitive. 

Microsoft is still reeling from the alliance of Apple and OpenAI, which could alter the dynamics at play, while Google watches from a distance, making the interplay even more interesting.

It’s fair to conclude that things are accelerating at full force, and the funding in Mistral AI is one of the starting points of a large showdown that is yet to happen.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Privacy expert slams WhatsApp and Telegram, touts decentralized messaging as future

In an exclusive interview with crypto.news, Kee Jefferys, CTO of Session, discussed the inherent risks to privacy with centralized messaging platforms.

As our world becomes increasingly connected, privacy has transformed from a luxury into a necessity. Every click, every message, every digital interaction is a potential leak, spilling secrets into a sea of data ready to be harvested. 

Messaging apps, which are integral to our daily communication, are facing growing scrutiny over their privacy practices.

Yet, incidents like those involving WhatsApp and Telegram—where breaches and metadata mishaps have eroded trust—spotlight the fragile nature of privacy in traditional platforms. 

Such episodes constantly remind us of the vulnerabilities that users face daily, exposing them to potential profiling and surveillance, undermining trust.

Enter web3, a beacon of hope, promising a paradigm shift towards decentralization. This new technology framework seeks to dismantle the centralized powers that traditionally govern our data, proposing instead a system where privacy is inherent, not optional. 

Jefferys, through his work with Session, champions this vision, employing a network of community-run nodes to safeguard user interactions without the need for a central authority.

He believes that a decentralized approach is crucial for creating a new trust model. One that doesn’t rely on centralized entities but distributes responsibility across a network of independent operators.

With the recent security breaches and metadata collection issues in messaging apps like WhatsApp and Telegram, what are the risks currently plaguing users in the traditional messaging app sector, particularly in terms of privacy?

Traditional messaging apps like WhatsApp and Telegram are inherently centralized, creating honeypots of sensitive metadata, such as phone numbers, IP addresses, and profile images. This data can be linked with other metadata, like message timing and group membership, to create detailed profiles of users, their habits, and relationships. Although these services claim not to engage in such profiling, they possess the data and access to do so, and this data could be leaked or accessed by hackers or compelled by authorities. To enhance privacy, we need systems that minimize data collection and centralization.

Law enforcement agencies access user data from secure messaging apps through metadata and cloud backups. How would web3 address this? Do you expect a potential backlash from regulators as these solutions surface?

Cloud backups are a convenient feature usually facilitated by device manufacturers like iCloud for iOS and Google One/Drive for Android. Messaging app publishers can mitigate risks created by these cloud backup services by opting out of automatic backups and instead using custom-built decentralized storage networks like Arweave or Filecoin, which don’t implement regulatory backdoors for mandated access. Regulators and law enforcement typically focus on device seizures during investigations, which would reveal similar content to what could be obtained from cloud backups, so this shift may not cause significant regulatory issues.

How does the decentralized nature of web3 technologies specifically address the privacy and trust issues that traditional messaging apps struggle with? 

In the most fundamental way, decentralization creates a new trust model that shares the burden and responsibility of trust among thousands of parties instead of a single entity and creates a rules-based system to govern this new trust model. It eliminates centralized honeypots of user metadata and instead distributes user data, making it nearly impossible to gain a global view of the network. This means that instead of compromising a single entity, one would need to compromise thousands of individual operators to access user data.

What do you see as the future of secure messaging in the context of increasing government surveillance and cyber threats? 

Most efforts in the secure messaging space have focused on securing the contents of messages via more advanced end-to-end encryption schemes, often at the expense of user experience. I think in the next 10 years, the space as a whole will focus more on metadata protection as end-to-end encryption becomes a more solved problem and governments move to even wider-scale metadata collection. The name of the game will no longer be content, it will be context.

How can web3 and decentralized technologies overcome the existing flaws and shape a more secure future for messaging apps?

Web3 and decentralized technologies can overcome flaws by breaking the trust assumptions of centralized messengers and proving that usability does not need to be sacrificed for privacy or decentralization.

Session claims to offer a ‘trustless’ messaging environment. Could you explain how Session’s architecture addresses the specific privacy flaws found in traditional messaging apps, ensuring that user data remains private and secure without requiring users to place their trust in a central authority? 

Instead of relying on a centralized server, when a user sends a message on Session, they interact with a network of community-run nodes called the “Service Node network.” This network has over 2,000 nodes, which store and route the encrypted data of Session users. This architecture ensures that user data remains private since there’s no central location to collect user messages. Trust is maintained purely between the network and its users without any central authority or middleman to govern this process.

What mechanisms does Session use to protect user privacy?

There’s 4 main things Session does to protect user privacy; No phone number or personally identifiable information is required to sign up—just generate a Session ID and start messaging. All messages are end-to-end encrypted using an audited encryption protocol and open-source clients. Session uses onion routing to hide users’ IP addresses while using the service. A decentralized network is used for temporary storage, eliminating the need to trust a central service provider.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

UNI price climbs 9% as Uniswap explores new layer-2 integration

UNI, the native token of decentralized exchange (DEX) Uniswap, has surged 9% to become the top gainer in the crypto market today.

At the time of writing, UNI has been trading at .69, which is up 8.5% over the past day. In the same timeframe, the crypto asset experienced a 31% drop in trading volume, suggesting existing holders might be holding onto their UNI tokens in expectation of a further price rise.

UNI 24-hour price chart | Source: CoinMarketCap

Meanwhile, Uniswap’s market cap had risen to .4 billion, bringing the token to the 18th largest crypto asset asset per data from CoinMarketCap.

The latest surge in price comes as the decentralized exchange shared a new enigmatic X post early on June 14 featuring the message: “Locked in. Ready for the Endgame.” The message was paired with an image of a man intently sitting forward in his chair, a meme used by gamers when things are getting serious.

A following attached post from June 1 subsequently suggested that Uniswap v2 is gearing up to add support for a new Layer-2 blockchain.

Although the specific L2 protocol was not disclosed, speculation among the crypto community on X leans towards ZKsync, a renowned trustless Layer 2 solution known for scalable, low-cost Ethereum transactions.

Meanwhile, multiple members of the community also expressed discontent regarding the potential deployment on ZKsync.

Another potential cause for the recent price surge in UNI could be the impressive growth in L2 volume processed through the Uniswap Protocol, as highlighted in a June 13 X post by Uniswap Labs.

It took 22 months to hit the 0 billion mark, 10 months to reach 0 billion, and just 3 months to surpass 0 billion,’ the Uniswap team noted, showing data from analytics platform Dune. The exponential growth outlines the growing utility and adoption of Uniswap’s services in the defi space.

Additionally, an X user with the pseudonym “Kyledoops” pointed out the rising popularity of Uniswap v2 pools on various L2 solutions like Optimism, Arbitrum, and Polygon.

These platforms are being favored for their promise of scalability, reduced transaction fees, and enhanced user experience, further contributing to the demand for Uniswap’s offerings.

While Ethereum continues to lead in defi, the integration of L2 networks with Uniswap is evidently propelling quicker and more economical transactions, positioning these networks as strong contenders in the evolving crypto space.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin lags behind stocks and bonds in Q2 2024

Analysts have flagged that Bitcoin has failed to deliver in the second quarter of 2024, falling behind stocks and bonds in terms of performance.

According to Bloomberg, Bitcoin has underperformed compared to global equities, fixed income, and commodities this quarter. The flagship cryptocurrency has lost approximately 5% since the start of April through mid-June. 

After hitting a high of ,798 in March, attempts to rally back to the position have failed to materialize.

In the previous quarter, Bitcoin had soared 67% in the three months through March. Massively surpassing indexes of traditional assets.

One of the key reasons fuelling the move was the hype around the approval of US Bitcoin exchange-traded funds (ETFs). However, that enthusiasm seems to be fading, according to Noelle Acheson, author of the Crypto Is Macro Now newsletter.

Acheson believes the inflow of fresh funds into Bitcoin ETFs has slowed down. She attributed most of the recent inflows to existing Bitcoin holders, adding that “only new money will move the price.” 

Drawing in over billion to date, Bitcoin ETFs were one of the most coveted investment vehicles on Wall Street.

Strategists at JPMorgan Chase observed that there has been a rotation of funds from digital wallets on exchanges to the new ETF products. Keeping that in mind, they estimated this year’s net flow to crypto, including ETFs and other sources, at billion.

The estimation is a lot lower compared to the billion recorded in 2021 and billion in 2022.

With this, the strategists concluded that they remain “skeptical” about the pace of inflows continuing through the remainder of 2024.

Acheson further estimates that Bitcoin miners may have contributed to the cryptocurrency’s lackluster performance. 

Miners have been selling off their cryptocurrency holdings to stay afloat. With the April halving, there has been a considerable drop in profitability. The current halving slashed the block reward from 6.25 BTC to 3.125 BTC.

In May, crypto mining analytics firm Hashrate Index revealed that miners would face a “hefty upward difficulty adjustment,” in the coming months. Prior to that, research firm Kaiko had warned of impending selling pressure from miners.

“If miners were forced to sell even a fraction of their holdings over the coming month this would have a negative impact on markets,” the firm wrote back then.

Despite the slump in performance, some analysts remain bullish on Bitcoin. 

As reported by crypto.news, analyst CryptoCon has predicted a year-end price target of ,539 for the premiere crypto. Galaxy Digital’s Michael Novogratz speculates a similar range at 0,000.

Meanwhile, Ark Invest’s Cathie Wood has the most optimistic outlook, having pushed her long-term price target for Bitcoin higher to a whopping .8 million. 

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

UwU Lend suffers its second $3.7m hack by same attacker

Decentralized finance protocol UwU Lend has suffered another exploit from the same attacker, costing it .7 million worth of stolen funds.

UwU Lend, an Ethereum-based lending and liquidity protocol, has apparently suffered another hack from the same attacker, who exploited the protocol two days ago for nearly million.

According to data from Cyvers Alerts, the hacker drained .7 million in liquidity from pools including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT. All stolen assets have been converted to ETH and are currently held at the attacker’s address, the firm added.

As noted by an X user under the alias @CryptoEvgen, the hacker used funds “stolen during the first hack for this new attack.” The cause of the latest incident remains unclear, and UwU Lend has yet to make a public statement on the matter.

The latest incident comes just two days after UwU Lend lost million worth of crypto, what the protocol described as a “sophisticated attack.” As crypto.news reported, the attacker seemingly utilized Curve LlamaLend as the “exit liquidity” for the attack.

UwU Lend was founded by Michael Patryn, also known as Omar Dhanani or “0xSifu,” who is a co-founder of the ill-fated QuadrigaCX exchange. Based on the open-source AAVE v2 code, UwU Lend offers lending, borrowing, and staking services, and shares platform revenues with users through its native token, UwU.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

South Korean retail giants withdraw from NFT sector amid market slowdown

Several South Korean retail giants, including Lotte and Hyundai, are exiting the non-fungible token (NFT) sector, marking a significant shift in their digital strategy.

The companies’ move follows a notable slowdown in the NFT market, prompting them to refocus their plans on their core business competencies.

According to a local South Korean news outlet, Lotte Home Shopping, the e-commerce arm of retail giant Lotte, announced it would end operations for its NFT shop platform.

Lotte launched its NFT services over the platform in May 2022. However, after just two years, the firm revealed on June 12 that it would shutter the NFT shop operations on July 2.

The platform, integrated into the Lotte Home Shopping mobile app, was initially part of the company’s strategy to develop a metaverse platform.

Lotte’s NFT Shop was distinct in its approach by using fiat KRW as the transaction currency to facilitate access for non-crypto users.

The company had expanded its NFT offerings by launching lines featuring its corporate character Bellygom and collaborating on projects with its virtual influencer Lucy and the hit 2022 horror movie “The Witch: Part 2. The Other One.”

Plans were also underway to enable secondary NFT sales on Opensea, the world’s largest NFT trading platform.

However, the recent closure signifies Lotte Home Shopping’s complete withdrawal from the NFT sector.

All remaining NFT business interests, including the Bellygom NFT, will be transferred to Daehong Communications, a crypto startup owned by the Lotte Group.

Hyundai Department Store is another major retailer that is stepping back from the NFT space. Launched in the same year as Lotte’s platform, Hyundai’s NFT wallet services offered customers various incentives such as discounts and free gifts. These services are now being discontinued as the company opts to exit the market.

Additionally, Shinsegae, another key player in the South Korean retail sector, has significantly reduced its NFT offerings. An industry insider revealed that many retailers had eagerly entered the NFT business but are now scaling down their operations as the market’s momentum wanes.

“Instead, they are focusing on strengthening the competitiveness of their core business areas,” the insider added.

Meanwhile, the latest trend of retail giants exiting NFT markets follows on the heels of South Korea’s shifting stance regarding NFTs.

Notably, the country’s top financial regulator is seeking to classify certain NFTs as virtual assets.

The move mandates that businesses issuing NFTs classified as virtual assets report them to the South Korean government body.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Notcoin surges 16% with new Binance trading pair listing

Notcoin, the Telegram-based clicker game, surged 16% following a new trading pair listing for NOT, its native token, on the world’s largest crypto exchange, Binance.

At the time of writing, the token is up 10%, trading at .018, according to CoinMarketCap. The crypto asset is among today’s top gainers, while its market cap rose to .84 billion.

NOT 24-hour price chart | Source: CoinMarketCap

NOT has also experienced a 65% surge in its 24-hour trading volume, reaching .26 billion. However, the token is trading 37% lower than its all-time high of .0289, reached on June 2.

Notcoin’s recent surge comes as Binance has announced the expansion of its trading options for the NOT token with a new NOT to Brazil Real (NOT/BRL) trading pair, thereby opening doors for Brazilian traders. Users can start trading in the pair starting today at 14:00 UTC.

Notcoin’s journey began in early 2024 with a unique social clicker game hosted on Telegram. In the game, players accumulate in-game Notcoin currency by tapping a virtual golden coin.

The NOT token, which lies at the heart of Notcoin’s ecosystem, aims to be a community-centric cryptocurrency that encourages user participation in different project activities.

Participants can discover and engage with new web3 products and services, earning NOT tokens in the process. They can also take part in various games available on the Notcoin platform to gain additional rewards in NOT.

The amount of NOT tokens users can earn correlates with their in-game level; higher levels unlock access to greater reward pools.

Players can enhance their level by staking Notcoin, with their monthly staking amount determining their rank.

The Platinum level, the highest achievable, offers the greatest number of NOT tokens as rewards.

In May, Notcoin conducted its token generation event (TGE), introducing the NOT token on several leading cryptocurrency exchanges like OKX and Binance. The launch swiftly propelled Notcoin into the top 100 cryptocurrencies by market cap.

Recently, Notcoin donated over 1 billion NOT tokens, valued at .8 million, to Telegram and its founder, Pavel Durov. Durov has pledged to hold these tokens until they reach a market value of 0 million and plans to use the funds to expand Telegram’s server capacity.

Notcoin’s new surge comes as the global cryptocurrency market is once again in the green with a market cap that stands at .46 trillion.

Meanwhile, Bitcoin has also seen a slight increase in the last 24 hours, now hovering around ,614.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Livepeer price surges 17%, profit-taking increases

Livepeer (LPT) has emerged as the top gainer among the top 100 cryptocurrencies with the recent price rally. However, profit-taking could mean a sharp U-turn.

LPT is up by 17.7% in the past 24 hours and is trading at .5 at the time of writing. The asset briefly touched an intraday high of .16 earlier today. Livepeer’s price rally helped its market cap surpass the 0 million mark, making its way to the leading 100 cryptocurrencies list — currently sitting on the 95th spot.

LPT price, RSI and exchange activity – June 13 | Source: Santiment

Moreover, the daily trading volume of Livepeer increased by 108%, reaching 0 million.

Livepeer was launched in 2017 as the first decentralized and open-source live video streaming platform. Its native token plunged to an all-time low of .42 in March 2020. However, the 2021 bull run brought LPT to an all-time high of 0.24 on Nov. 9, 2021.

According to data provided by Santiment, the LPT exchange inflow increased by 115% over the past 24 hours — rising from 60,638 tokens to 130,250 LPT coins. The heightened inflows show that some investors, including whales, are aiming for short-term profits.

Data from the market intelligence platform shows that the Livepeer exchange outflow surged by 42% in the past 24 hours — rising from 74,984 coins to 106,630 tokens. This movement shows that some holders are aiming for long-term investments.

Per Santiment, the LPT relative strength index (RSI) rose from 48 to 61 over the past day. The indicator shows that Livepeer is slightly overbought at this point.

Consequently, LPT could potentially witness high price volatility due to the increased trading volume, exchange inflows and RSI.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Space and Time debuts sub-second ZK prover

California-based crypto startup Space and Time has released a new high-performance ZK prover to improve on-chain transactions and defi growth.

Space and Time (SxT), a custom-built compute layer, granted public access to its sub-second zero-knowledge (ZK) prover stack, dubbed Proof of SQL. The ZK-proof system was previously made available to a few SxT clients in alpha last August.

ZK provers were necessitated by privacy needs, a cornerstone of cryptographic technology. The fundamental thesis of ZK models allows users to demonstrate that data or transactions are valid or true without revealing additional information. 

Several web3 developers, including Ethereum’s Vitalik Buterin, have stressed the role of ZK stacks in building reliable decentralized finance (defi) ecosystems. The technology is viewed as crucial for ensuring safe on-chain interactions for smart contract protocols and end-users. However, ZK proofs have been known to sometimes slow down execution. 

SxT co-founder and head of research Jay White, PhD, said his team developed the Proof of SQL program “so that smart contracts and AI agents can ask questions about a chain’s activity, as well as off-chain data, and receive back trustless SQL query results on-chain during a transaction without having to wait for 30 minute proof times.”

The web3 data warehouse said its Proof of SQL delivers better-optimized processing architecture for large-scale operations compared to generalized zk-Virtual Machines and co-processors. 

According to SxT and White, the ZK prover executed queries for over 100,000 row tables in under one second on a single GPU united. The model can be integrated into zkVMs on blockchains like Ethereum (ETH) for faster speeds and bigger tasks.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News