Daily Market Update (January 6, 2025, 10:30 AM)
ChainDD reports on January 6th, showing the comprehensive index with CoinMarketCap quotes:
BTC is priced at $98,701.81, down about 0.67% in 24 hours;
ETH is priced at $3,653.11, up about 0.33% in 24 hours;
BNB is priced at $711.46, up about 0.19% in 24 hours;
DOT is priced at $7.72, up about 1.23% in 24 hours;
DOGE is priced at $0.3822, down about 1.89% in 24 hours.
Blockchain Circle News
(PUBG) creator: No consideration to include NFTs in the metaverse 'Artemis', but blockchain technology may be integrated.
Brendan Greene, the creator of the online battle royale shooting game (PUBG), left the development team of the game in 2019 and announced plans to create a new generation of game-centric metaverse 'Artemis', although it is unlikely to include NFTs.
Greene recently stated in an interview with IGN that he 'hasn't even considered' including NFTs, and that his game studio PlayerUnknown Productions is currently developing the project.
He added, 'What we care about is getting the engine to a state where we can make things, and then as I said, for the second game, we will test ideas, but right now, we haven’t even considered it. It's more about making some fun games.'
While NFTs may not appear in Greene's metaverse, he said that blockchain technology has the potential to be integrated at some point.
'Blockchain is an interesting financial tool, as a layer in the digital world... perhaps blockchain or hashgraph or future iterations of that technology will be interesting,' Greene said. 'Ultimately, it's a digital ledger, and if we can use a digital ledger, we will find the best one and use it.'
He also stated that the metaverse has become a 'dirty word,' and criticized the actions of other metaverse creators, saying they have created an 'IP bubble' that is made from substandard technologies and failed to deliver on hype: 'I think everyone is building an IP bubble, and if lucky, these bubbles might connect at some point in the future, but that's not the metaverse.'
Vitalik's latest long article explores new perspectives on d/acc, focusing on the role of AI and Crypto.
Vitalik Buterin published a new long article 'd/acc: one year later', presenting new perspectives on the d/acc (decentralized acceleration) concept and ideas proposed last year, focusing on the core thoughts of d/acc (decentralized, democratic differentiated defense acceleration) and covering principles, AI security regulation, the role of cryptocurrencies in d/acc, and public goods financing.
Vitalik proposed two major strategies for AI security: first, to establish accountability, targeting mainly users (those using AI), deployers (intermediaries providing AI services to users), and developers (those building AI); second, to set up a global 'soft pause' mechanism at the industrial hardware level, capable of reducing global available computing power by about 90-99% for 1-2 years during critical times, giving humanity more time to prepare. He added that accountability rules are a natural d/acc-friendly regulatory approach.
The article also points out some important connections between cryptocurrencies and d/acc, specifically:
- d/acc is an extension of the underlying values of cryptocurrencies (decentralization, resisting censorship, open global economy and society) to other technological fields;
- Since crypto users are natural early adopters and share similar values, the crypto community is a natural early user of d/acc technology;
- Many crypto technologies can be applied to d/acc thematic areas: blockchains for building more robust and decentralized financial, governance, and social media infrastructures, zero-knowledge proofs for privacy protection, etc.;
- There are also win-win opportunities in crypto-related technologies that are very useful for crypto projects, but are also key to achieving d/acc goals: formal verification, computer software and hardware security, and robust governance technologies;
- In addition to these direct intersections, there is another important common interest point: funding mechanisms.
The article also mentions innovative mechanisms including quadratic financing, retrospective public goods financing, and deep financing, emphasizing that decentralized financing is crucial for the d/acc vision.
It believes that the coming decades will face significant challenges, and has recently been considering the following two challenges:
- A powerful new wave of technology, especially strong AI, is emerging rapidly, and these technologies come with important pitfalls we need to avoid. 'Artificial superintelligence' may take five years to achieve, or it may take fifty years. Regardless, it is currently unclear whether the default outcome will necessarily be positive, as there are multiple pitfalls to avoid;
- The world is becoming increasingly lacking in cooperation. Many powerful actors in the past seemed to act according to noble principles (universalism, freedom, common humanity, etc.) at least sometimes, but now they are more openly and actively pursuing personal or tribal interests.
However, there is a glimmer of hope in the face of these challenges. Firstly, we now have very powerful tools to complete the remaining work more quickly, including:
In the present and near future, artificial intelligence can be used to build other technologies and can serve as a component of governance (such as deep financing or information finance). It is also very relevant to BCI, which can further enhance productivity.
Mass coordination can now be done on a larger scale than ever before. The internet and social media have expanded the scope of coordination, while global finance (including cryptocurrencies) has enhanced its power. Now, information defense and collaboration tools can improve its quality, and perhaps soon, human-to-human forms of BCI can increase its depth.
Formal verification, sandboxes (such as web browsers, Docker, Qubes, GrapheneOS, etc.), secure hardware modules, and other technologies are continuously improving, making better cybersecurity possible.
Secondly, since many of the principles we value are no longer occupied by a few specific conservatives, they can be reclaimed by a broad coalition that anyone in the world can join. Cryptocurrencies have leveraged this well and gained global appeal; d/acc can do this too.
Kamino: The main market will remove the SOL utilization cap, bringing more SOL inflows to the protocol.
Solana ecosystem DeFi protocol Kamino announced on X that its main market will remove the SOL utilization cap, which will introduce a free market environment for SOL supply and lending to find a natural balance, ultimately bringing more SOL inflows to the protocol. With approximately 3.3 million SOL supplied to Kamino, the protocol plays a key role in the Solana economy.
The growth of SOL in Kamino is mainly driven by the Multiply product, which has seen over $600 million in SOL borrowed through this product at the time of writing.
However, to create a predictable lending environment for SOL Multiply users, Kamino introduced a utilization cap that restricts lending above a certain utilization level, preventing SOL lending APY from exceeding LST staking APY.
Crypto Circle News
In the past 24 hours, the total liquidation across the network reached $126 million, primarily from long positions.
Coinglass data shows that in the past 24 hours, the total liquidation across the network reached $126 million, of which long positions accounted for $79.2533 million and short positions accounted for $46.834 million.
