Aethir and Xai Games Announce $10M Ecosystem Grant for AI-Powered Gaming
Aethir has teamed up with Xai Games to launch a $10 million ecosystem grant aimed at funding AI-powered AAA gaming studios. This initiative seeks to attract top gaming titles to both ecosystems and onboard millions of gamers.
Aethir’s Role in Innovation: Aethir, renowned for its decentralized enterprise-grade GPU services, provides essential computing power to game developers globally. This grant will enable studios to access AI and Web3 technologies, enhancing gaming experiences and revolutionizing the industry.
Aethir’s Infrastructure: Aethir’s distributed cloud infrastructure is the only decentralized GPU-as-a-service platform catering to AI and gaming clients. With over 43,000 GPUs and an exclusive fleet of 3,000 NVIDIA H100s, Aethir ensures optimal service quality. Its unique edge technology allows enterprises to benefit from secure, scalable computing power at a fraction of the cost of centralized providers.
Xai Games’ Contribution: Xai Games, built on Arbitrum, is a Layer-3 network designed to onboard billions of traditional gamers into the Web3 space without needing crypto wallets. This feature allows gamers to own and trade in-game items seamlessly. By eliminating common entry barriers to Web3 gaming, Xai simplifies the process for gamers and developers. Its development tools enable studios to integrate tokenized assets and create in-game marketplaces, revolutionizing how games are monetized and experienced.
Collaborative Efforts for the Future: The partnership between Aethir and Xai represents a significant leap forward for the gaming industry. The $10M grant program will support AI-driven game development, enabling studios to bring their visions to life. With Aethir’s decentralized GPU services and Xai’s tools for integrating Web3 features, this collaboration aims to transform how games are created and enjoyed, reshaping the future of gaming ecosystems.
Applications for the grant will soon open for developers eager to participate. This joint effort marks the beginning of several grant programs that Aethir plans to roll out in the coming months, each aiming to foster innovation and empower game developers. The two partners are positioned to drive significant advancements in AI-powered and Web3 gaming by offering essential resources and support.
Binance Trading Volume Data Hints at Short-Term Bitcoin Price Surge
Story Highlights:
New Memecoin with Unified Staking Vault Raises $1.3M
Crypto All-Stars has launched its presale with great success, raising $1.3 million for its new MemeVault staking protocol, which promises passive rewards for memecoin enthusiasts.
Highlights
Smart Money Traders Bet on Utility Memecoins Like STARS Q4 Averages 86% Return for BTC, Memecoin Season Expected Crypto All-Stars Presale Offers Promising Opportunity**
Crypto All-Stars Presale Success
The newly launched Crypto All-Stars (STARS) has raised $1.3 million in its presale. The project is developing the first unified staking protocol for memecoins, called the 'MemeVault,' allowing users to stake any top memecoin and earn passive STARS rewards.
The ongoing presale offers investors a chance to buy at a fixed and discounted rate while supporting the project's development. As a community-funded initiative, Crypto All-Stars aims to be a democratic and fair memecoin.
Utility-Driven Demand
Smart money traders are shifting to utility-rooted memecoins like Crypto All-Stars. The STARS token, supporting popular tokens like Dogecoin, Shiba Inu, and Pepe, has inherent utility that could drive sustainable demand. Analyst ClayBro, with over 130k YouTube subscribers, believes STARS could 10x in value post-presale.
The Hype Around MemeVault
Crypto All-Stars is creating an industry-first "MemeVault," allowing users to stake 11 top memecoins and earn passive STARS rewards. Holding STARS is required for access, aligning its demand with the platform's popularity. This use case is attracting wealthy memecoin holders and speculators who see STARS as a 'memecoin index.'
Staking and Market Trends
The MemeVault is yet to launch, but native staking is live, offering a 1,100% APY, which will decrease over time. Historical data shows Bitcoin averages an 86% growth rate in Q4, making it the best-performing quarter and setting high expectations for the crypto market. During bullish periods, memecoins often perform best, as seen in Q1 2024, where they provided an average 1,313% profit.
Perfect Timing for Market Debut
Crypto All-Stars' market debut comes at an ideal time, with the presale ongoing, offering investors a prime opportunity to gain exposure. The STARS presale is available at a discount, making it an attractive investment.
cointelegraph.com/market-releases/new-meme-coin-staking-platform-crypto-all-stars-raises-13m-in-ico.
Will Cardano Price Rally? Charles Hoskinson Teases New Tech to Rival Solana
In a recent post on X, Cardano founder Charles Hoskinson discussed Ouroboros Leios and the evolution of ‘Praos.’ Responding to a poll about implementing Leios or building a new Rust node, Hoskinson favored Leios, stating it would make Cardano faster than Solana without losing decentralization. Ouroboros Leios is an advancement over Praos, the family of proof-of-stake (PoS) consensus mechanisms that secure the Cardano network. With Leios, Cardano will have tiered transaction fees and faster chain synchronization, potentially making the network faster than Solana. Following the Chang upgrade, Cardano became one of the most decentralized blockchains. With Leios, it could achieve speed without sacrificing decentralization. As of now, ADA’s price is up 3% to $0.34, while its rival Solana is up 2.56% to $134.5.
Cardano’s price is currently trending downward, with a descending trendline consistently acting as a resistance level. However, recent price action suggests ADA may be nearing a bottom, trading within a key support area. The strong support zone between $0.32 and $0.33 has held firm after multiple tests, marking it as crucial for a potential reversal. The immediate resistance lies at the descending trendline around $0.35–$0.36. If a breakout occurs, the next major target would be the $0.45 resistance level, a significant threshold based on historical price movements. The 24-hour open interest (OI) change from Coinglass shows traders closing their Shorts in profits. When this happens, they tend to enter Long positions, indicating Cardano’s price could be ready for a swing higher.
User Pays 25,922 XRP Fee to Transfer Only 0.15 XRP to Coincheck
An unknown crypto user recently paid a staggering fee to transfer a small amount of XRP to the popular exchange Coincheck. The incident was highlighted by prominent XRP Ledger (XRPL) dUNL validator Vet.
Transaction Details
According to Vet, the user accidentally paid 26,000 XRP, valued at $15,288, to transfer just 0.15 XRP ($0.088). Vet discovered the transaction through an advanced search on XRPScan and shared a screenshot confirming the details. The transaction occurred at 10:32 a.m. (UTC) on August 31, 2024, with the 0.15 XRP sent to a Coincheck-registered blockchain address. The exact fee paid was 25,922.7 XRP ($15,242).
Reason Behind the Expensive Mistake
The transaction sparked significant discussion within the XRP community. Vet speculated that the hefty fee might have resulted from a bug in a developer's script due to bad code. He noted that non-custodial wallets like Xaman or Coinbase could have prevented such an error.
A Shift from the Norm
This incident is unusual in the crypto space, where transaction costs are typically much lower than traditional financial systems. On the XRP Ledger, the average transaction fee is about $0.0002, making the 25,922.7 XRP fee an overpayment of 7,620,999,900%.
Such mistakes often occur when the sender confuses the fee with the amount intended to be sent. This highlights the importance of double-checking transaction details, including recipient address and fees, before proceeding. Despite this, errors still happen. Last month, an Ethereum user paid 34.62 ETH ($92,504) to send just 0.87 ETH ($2,324). Two years ago, another user paid 121.56 ETH ($157,764) in fees to transfer 183 ETH ($237,502).
Coin98 Super Wallet Unveils Version 15 with AI and On-Chain Chat
Coin98 Super Wallet, a leading gateway to the open internet, has launched its version 15 update. This new release enhances user experience by integrating AI support and in-app chat, making Web 3.0 interactions more accessible and paving the way for broader adoption.
Key Updates in Version 15
Coin98’s commitment to user-friendly design is evident in this update, which aims to streamline functionality and enhance visual appeal. The new features enable users to explore the decentralized world more efficiently.
Brand Evolution
Coin98 has recently rebranded, and the updates in version 15 reflect its ongoing evolution and dedication to its users. This release marks a significant step towards making Web 3.0 more accessible, serving as a gateway to the open internet where users can seize exciting opportunities.
Download Coin98 and Start Exploring
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Euler Finance Launches New Stablecoin Maxi
Euler Finance, a decentralized finance lending platform, has announced the launch of a new hybrid token called Maxi. The development was revealed by Euler Labs, the team behind the protocol on Ethereum, on September 16th.
Key Features of Maxi
Maxi is designed to enhance capital efficiency and mitigate risks through a blend of assets and cross-collateralization. The stablecoin is backed by a variety of assets, including tokenized treasury bills, yield-bearing tokens, synthetic dollars, and fiat-backed stablecoins. Notable assets backing Maxi include Ondo Finance’s U.S. Dollar Yield (USDY) and Usual Money’s real-world asset-backed stablecoin USD0. Additionally, it includes Ethena’s synthetic dollar USDe and yield-bearing synthetic dollars sUSDe and stUSD, as well as Circle’s USDC.
Incentives for Users
Euler is also introducing an incentivization program. Users can collateralize sUSDe and USDe to earn Ethena’s sats, lend or borrow with USD0 to receive Usual Money Pills, or use stUSD to earn Angle Protocol’s native token ANGLE. Lending USDC will earn users Euler XP.
Institutional asset manager K
Binance Coin (BNB) Price Prediction for September 15
BNB/USD Analysis
The rate of Binance Coin (BNB) has increased by 1.45% over the last day.
On the hourly chart, the price of BNB is near the local resistance of $561. If the daily bar closes around that mark, the upward move may continue to the $565 zone.
On the bigger time frame, one should focus on the level of $559.7. If bulls can hold the initiative and the candle closes around or above this level, the accumulated energy might be enough for an upward move to the $580 area.
From the midterm point of view, the price of BNB is far from the support and resistance levels.
If the weekly bar closes around $560, one can expect sideways trading in the range of $550-$600 within the next few days.
BNB is trading at $560.9 at press time.
According to Tether’s official transparency page, the authorized issuance of USDT on the TON blockchain has exceeded $1 billion, reaching a total of $1,030,000,002. Out of this amount, approximately $309,325,516.46 are authorized but not issued, while the net circulation support is at $712,158,737.86. This milestone shows the increasing demand for stablecoin on the TON blockchain. As USDT plays a pivotal role in cryptocurrency transactions, its ample supply should boost liquidity, making it easier for users to trade, exchange, and store value within the network. This would drive user activity and engagement in the TON network and potentially increase demand for its native cryptocurrency. By press time, the Toncoin price traded at $5.5, registering an intraday loss of 1.34% and a market cap of $14.18 billion. Moreover, the Total Volume Locked (TVL) in TON has surged from $317.15 million to $405 million—a 27.7% increase. The TVL surge indicates growing capital flow and investor interest in Toncoin’s DeFi applications.
Amid the recent market recovery, the Toncoin price showed a V-shaped reversal from $4.4 to $5.2, accounting for a 26.5% gain. This reversal from the 50% Fibonacci retracement level marked the prevailing correction as a healthy pullback for buyers to regain bullish momentum. If the TON price obtains a stable hold above the 200-day exponential moving average, buyers could drive an 8% upswing to challenge the downsloping trendline. This dynamic resistance has been intact since early July and maintains the sell-the-bounce sentiment in TON. Therefore, a potential breakout from this barrier would accelerate buying momentum and drive the price 40% up to $8.276. Conversely, if buyers fail to break the trendline, the Toncoin price could revert and retest the $5.6 support.
TON Surpasses $729M USDT in 4 Months Post-Telegram Integration
Rapid Growth Post-Integration
According to CryptoQuant, The Open Network (TON) has surpassed $729 million USDT just four months after its integration with Telegram. Experts attribute this rapid growth to low transfer fees and increasing acceptance, which are driving usage in distributed exchanges and peer-to-peer (P2P) transactions.
The Open Network (TON) Overview
TON is a decentralized and open internet platform composed of several components, including the TON Blockchain, TON DNS, TON Storage, and TON Sites. The TON Blockchain serves as the primary protocol, connecting TON’s infrastructure to build the larger TON Ecosystem. TON aims to enable extensive cross-chain interoperability within a highly scalable and secure architecture.
USDT on TON: Ideal for P2P Transactions
USDT on TON is well-suited for quick P2P value transfers. The median transfer amount ranges from $15 to $100, reflecting regular smaller transactions common in daily retail operations. The consistently low median transfer fee of four cents makes these transactions financially feasible for users.
USDT Ecosystem on TON
The USDT ecosystem on TON is primarily influenced by interactions among decentralized exchanges (DEXs), centralized exchanges (CEXs), and various wallet services. Ston.Fi is a key DEX facilitating these interactions. Other important entities include cryptocurrency wallet services like XRocket, CryptoBot, Wallet Bot, and CWallet, as well as centralized exchange addresses such as Ston.Fi, Dedust, and StormTrade.
Wallet programs focusing on peer-to-peer USDT transactions are likely to drive significant user adoption. The data on transaction counts suggests that P2P file transfer applications have the potential for further expansion.
blockchainreporter.net/ton-surpasses-729m-usdt-in-4-months-post-telegram-integration/.