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🚀🚀 Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. 🌐🌐 Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. 🎓🎓 Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. 💡💡 Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. 📊📊 Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. 🤖🤖 On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. 📈📈 So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! 🚀🚀

🚀🚀 Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. 🌐🌐

Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. 🎓🎓

Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. 💡💡

Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. 📊📊

Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. 🤖🤖

On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. 📈📈

So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! 🚀🚀

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🎉Whoop! Whoop! Bitcoin (BTC) is on the move again, folks! 🚀 It's soared past the $60,000 mark and is now chilling in the $67,000 zone, thanks to the lower-than-expected inflation rate in the US. 🇺🇸 CryptoQuant's latest report suggests that the decline in BTC selling pressure is helping to sustain this rally. 📉 However, the demand for the cryptocurrency is yet to pick up. 🧐 The decrease in selling pressure is evident in the on-chain activity of short-term holders and the balances on over-the-counter (OTC) desks. 📊 The BTC balance on OTC desks has been steady since late April, indicating less bitcoin supply from market participants. 📈 Short-term BTC holders are currently at low or negative profit margins, which historically coincides with a local bottom in prices. 😲 Miners' low profitability further supports the possibility of a market bottom. They're extremely underpaid right now, with profitability levels last seen in March 2020, right after the COVID market crash. 😷 Historically, extremely low miner profitability has been associated with price bottoms. 📉 On the flip side, Bitcoin demand growth seems to be stabilizing after a month of deceleration. 📊 The rise in BTC balances of permanent holders and large investors indicates higher demand from these market participants. 📈 However, BTC demand needs to surge further to sustain the latest price rally. This could come from the spot Bitcoin exchange-traded fund (ETF) market and other Bitcoin investment funds. 💰 CryptoQuant analysts suggest that the crypto market needs a new wave of spot Bitcoin ETF purchases to refresh demand growth. 🌊 Stablecoin liquidity growth is also surging, signaling potential movement to the upside for BTC. 🚀 So, keep your eyes on the prize, Bitcoin enthusiasts! The game is on! 🎉🎉🎉
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