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Alex Puig, founder of Context Protocol, discussed the transformative potential of blockchain for data ownership and verification, emphasizing the need for verifiable data in AI systems. He highlighted the role of semantic data in achieving interoperability and trust, while also addressing challenges in data management for businesses and local governments. Meanwhile, Leona Hioki of INTMAX introduced stateless zero-knowledge rollups, which enhance privacy and scalability by shifting computation off-chain, promising a lightweight infrastructure for blockchain applications.
Bitcoin ETFs faced over $1 billion in outflows ahead of Christmas, with Fidelity’s FBTC leading the decline at $146 million. In contrast, Ethereum ETFs saw a surge of $130.8 million in inflows, primarily driven by BlackRock’s ETHA. Despite recent sell-offs, Bitcoin ETFs have accumulated $35.83 billion since launch, while Ethereum ETFs have reached $2.46 billion in inflows.
Ethena Labs has proposed integrating its synthetic stablecoin, sUSDe, into the World Liberty Financial (WLFI) protocol, aiming to enhance capital efficiency and liquidity. This partnership, if approved, would leverage sUSDe's high annual percentage yield of 27% to boost user rewards and total value locked in WLFI's Aave instance, which is backed by Donald Trump's family. The integration has already shown success in Aave, achieving $1.2 billion in supplied assets shortly after onboarding.
Bitcoin's recent drop below $97,000 triggered $1.57 billion in liquidations, with $1.39 billion in long positions affected, marking the highest liquidation since September 2021. The concentration of liquidations around the $97,700 mark indicates overconfidence among traders anticipating a price surge past $100,000. This steep decline in leveraged long positions suggests a potential for short-term recovery as sell-side pressure diminishes.
Liam Wright
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
blockchain innovations enhance data ownership and verification for ai systems
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