7 Siblings buys 12070 ETH at an average price of $2382
2025-02-25 12:38
Odaily Planet Daily News: According to Lookonchain monitoring, after the market fell, 7 Siblings spent 28.75 million DAIs to buy 12070 ETH, with an average price of $2382.
Odaily Planet Daily News: According to Lookonchain monitoring, after the market fell, 7 Siblings spent 28.75 million DAIs to buy 12070 ETH, with an average price of $2382.
Crypto investment firm Multicoin is leading an $8 million purchase of GEOD tokens, a major capital injection into the crypto project building a hyper-accurate alternative to GPS.Geodnet hails from crypto's buzzy DePIN wing of startups that financially incentivise regular people to host their physical infrastructure. The project's token (its incentive mechanism) has more than doubled in the past 12 months amid torrid demand for Geodnet's services.See all newslettersGPS satellites that tell your phone about how far you are from the next intersection are plenty good for a drive around town. Not so for Geodnet's user base of farming drones and industrial robots, said project lead Mike Horton. They need location data down "to the size of a golf ball."Nearly 14,000 base stations provide centimeter-level location data to Geodnet' clients, many of whom are oblivious to its crypto incentives: Anyone running a $700 base station earns new GEOD tokens, a model that shifts the normally astronomical cost of deploying equipment away from the company."Because of DePIN, we've been able to scale this thing crazy fast," said Horton. "We built in two years what the industry has been working on for 20 years, and we now have twice as many stations as anyone else."Multicoin's betting Geodnet's cheap, all-encompassing geospatial network will help facilitate the explosive growth of technologies that need accurate location data, particularly robots: self-driving vehicles, delivery drones, autonomous farming equipment."For these robots to function, they need to answer a fundamental question: ?, wrote Multicoin Investment Partner Shayon Sengupta in a position paper.Geodnet's existing customers are powering over $3 million in annual recurring revenue, said Horton. He's targeting 2025 growth in India and South America, particularly in the farming sector.The investors are calling the fundraise a "strategic" investment in which they bought GEOD tokens directly from Geodnet Foundation, the entity behind the network. Geodnet last raised capital in April 2024 from Coinfund, Pantera and VanEck."We're raising the money to really focus on robots and drones," Horton said.
The price of Bitfinex BTC/USD has hit a nearly 3-month low, now trading at $87255, a 7.91% drop in 24 hours, with a turnover of $453 million. After the price reaches a new low, there is a high probability of a price rebound. (AiCoin Research Institute)
Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public bitcoin miners are exploring.Blockspace MediaBlockspacehereSee all newslettersCore Scientific, Bit Digital, Hut 8, Hive and IREN currently have revenue-generating AI/HPC business lines, while Crusoe Energy and Lancium, Cipher, Terawulf, Riot and Bitfarms are in the development or exploratory phase. With SoftBank, OpenAI and others collectively pledging up to $500 billion to accelerate AI developments in the United States through the Stargate Project, which was announced in January, where does the digital oil rush leave pure-play bitcoin miners?Kevin Dede, a managing director of equity research at investment bank H.C. Wainwright, thinks that there is plenty of room for both. In a recent episode of the Mining Pod’s Bitcoin Stock Show, Dede expressed that while he wouldn’t bet against miners who are serious about AI/HPC, he wouldn’t underestimate the prospects for pure-play bitcoin miners, either.I think the conversation changed when Core Scientific announced the CoreWeave deal six to eight months ago. That really shifted the dynamic. Another thing people might not consider is that bitcoin miners can compete at different scales. Project Stargate is about hyperscale facilities, but there are opportunities for smaller-scale implementations.BitDigital and Applied Digital have shown that you don’t need hyperscale to succeed. There are many customers who want access to compute, and not all of them are hyperscalers.Riot has had activist investors buying stock, which is great for the stock price. The company has always been adamant about sticking to bitcoin mining. At their analyst meeting last June, CEOJason Les said they wouldn’t do HPC.Riot’s Corsicana facility is amazing. The question is: is 600MW of HPC worth more than 600MW of bitcoin mining? I think the answer is yes.The demand for HPC is growing, and the applications are evolving; we’re just scratching the surface. The real market is the enterprise market, where companies use AI to optimize production.Let’s start with BitDigital. They bought GPUs and rented space in northern Iceland to address the needs of one customer, who I believe is based somewhere in Europe, to run models. Now, Iceland and Europe aren’t as close as you might think, which is important if they are running inference compute sinc mainland Europe would be the primary customer for that.The Enovum deal came through and they secured their first site, which is about four megawatts. They’ve also just opened another site that they hope to have energized by this summer, aiming for five megawatts initially with plans to scale up to 35 megawatts in HPC capacity this year. Sam Tapar, their CEO, often points out that this acquisition opened the door to a potential 288 megawatts of HPC capacity.When it comes to assessing the risk, it really comes down to a number of factors. Bit Digital acquired a company with a proven track record of building and operating these sites. But, of course, that adds another layer of risk beyond the baseline execution risk. You’re layering on the risk that they might stumble during the construction and operation of their next set of facilities as the year progresses.As for Core Scientific, I’d be the last person to underestimate them. They’ve brought on some really impressive talent. I asked their CEO, Adam Sullivan, about how all their plans are coming together. He said that there are a lot of people in the existing data center world whose employees are seeing limited growth trajectories. So, if you’re an employee at one of those companies and you get an offer from Core Scientific with stock options, you’re thinking, “My current options are priced in double digits, but this could go to high double digits or even triple digits.” That’s how they’ve been able to attract such great talent.On the other hand, these new B200 chips they are using are so much more powerful but also significantly more complex, and this might play into delays for CoreWeave’s implementation at Core Scientific’s sites. I think a lot of that will come out in Core Scientific’s next earnings call in March. They’ll likely address whether they’re still on track to energize the first large CoreWeave facility in the second quarter and how they’ve tackled these networking challenges.I don’t think bitcoin mining is going away. The concept of a hybrid AI-bitcoin mining data center is interesting. HPC power usage isn’t as consistent as people might assume. It doesn’t run 24/7/365. It depends on what’s happening — are they running a new model? Are they supporting inference? Those power loads will fluctuate.It’s not too hard to imagine a host having flexibility in their power purchase agreements (PPAs) to run bitcoin miners when the power isn’t needed for HPC. It’s just a matter of adjusting the load.When you step back, it seems to me there’s room for both. We’ve talked about Corsicana, but there are plenty of other sites like those in West Texas. Mike Novogratz wants to turn Helios into an HPC center, but it’s in the middle of nowhere. You need a private plane to get there, and it’s a long drive from Lubbock. Also, it’s on wind power, so the energy is cheap, but how are you going to run inference from that site?What’s really interesting when you look at business models is the optionality. From the hybrid perspective, you’ve got transparency. You can forecast HPC revenue and assume a certain amount of debt based on those margins. But if you keep bitcoin mining running as well, you have the opportunity to benefit from a rising bitcoin price and improving market dynamics.I think that optionality is an opportunity some of these newer HPC-focused companies offer investors. You’ve got that steady HPC stream, and then you have the potential upside of Bitcoin hitting $200,000 this year. That’s the intriguing proposition. For that reason, I think many of these companies with experience in both will continue to do both.
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Odaily Planet Daily News: Binance responded to "hackers stealing coins by sending red envelopes" by stating: "Based on the existing investigation results and the information we have, we preliminarily suspect that the user's device may have installed malicious plugins/software, which led to the continuous theft of the user's email, Google Authenticator, Binance account and other account information by hackers. Based on this, hackers simulated the user's commonly used devices and IP environment, so the verification process during the red envelope initiation process was successfully passed by hackers, ultimately resulting in the theft and transfer of funds. It should be noted that when users send red envelopes for payment on the Binance platform, they need to verify their payment PIN code/fingerprint or facial ID/authentication app/email. Therefore, the reason why the user's account assets were stolen through the red envelope function is due to the theft of their relevant personal information mentioned above. We strongly recommend that the user choose to report and handle this incident. The Binance security risk control team will assist in providing all the information we have and, based on the user's cooperation, further investigate their device to jointly identify the final cause. It also reminds all users to remain vigilant and raise safety awareness at all times, and to use safe and clean equipment. Pay attention to preventing security risks of accounts and devices to ensure the safety of personal assets.