Odaily Planet Daily News Galxe will snapshot the first batch of GAL staking rewards at 10 am Beijing time on June 14. The first batch of rewards will include ARB, MERL, and ZK (Polyhedra). The three rewards will follow different staking rules:
1. ARB, no minimum staking GAL quantity requirement, the maximum GAL quantity is limited to 200k;
2. MERL, the minimum staking GAL quantity requirement is 200, the maximum GAL quantity is limited to 5k;
3. ZK (Polyhedra), the minimum staking GAL quantity requirement is 100, the maximum GAL quantity is limited to 10k.
The official time for receiving rewards has not yet been disclosed.

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Odaily Planet Daily News According to official news, Galxe announced that it will soon launch Gravity, a Layer1 blockchain designed for full-chain experience and full-chain abstraction, and will integrate its core products such as Quest, Compass, Passport, Score, Alva and Galxe Identity Protocol into the Gravity chain.
Gravity integrates the fastest execution layer Reth and the most advanced consensus algorithm Jolteon (AptosBFT). Together, these technologies provide high throughput and near-instant finality. Gravity will be fully compatible with EVM, enabling developers to seamlessly deploy and interact with smart contracts. In addition, Gravity's proof of stake will be driven by G token native pledge and re-mortgage protocols including Babylon and EigenLayer.
The launch of Gravity will be carried out in two key stages, among which Gravity Alpha Mainnet will be launched in June 2024, powered by the Arbitrum Nitro technology stack; in the second quarter of 2025, Galxe will launch Gravity Mainnet, a PoS Layer 1 blockchain driven by re-mortgage, with Reth as its EVM execution engine. Gravity's proof of stake will be driven by native G token staking and re-staking protocols including Babylon and EigenLayer.
Harry Zhang, co-founder of Galxe, said: "The emergence of more and more chains in the Web3 world has greatly affected the user experience. Galxe currently supports 34 chains. In order for us to grow from millions of daily active users to tens of millions or even hundreds of millions, we need a better protocol layer to support a better user experience. The launch of Gravity is precisely to meet the urgent need to simplify cross-chain interactions and provide a user-friendly experience. Its ability to abstract complexity will bring disruptive changes to developers and users."
Latch will be the first ecological project launched on Gravity. Latch.io is a chain-based Yu'ebao built on Gravity, aiming to connect the interest-bearing assets and liquidity of the entire chain. Galxe will integrate Latch in the future and upgrade Galxe Smart Balance to Galxe Smart Savings. Latch is currently online and rewards early users with 40%+ APY u-based returns.

Arc Sreach summarized the highlights of Microsoft's Build 2024 conference last night. It's so useful, accurate and comprehensive:

🤖AI feature enhancements - Microsoft announced that it will integrate AI features into Windows, Copilot and Edge browsers.

📱Phi-3-vision released - This is a new version of the Phi-3 AI model announced by Microsoft in April, which supports multimodal features and is suitable for mobile devices.

🌍Edge browser real-time translation - Edge browser will get AI-powered real-time video translation capabilities, supporting multiple languages ​​and video platforms.

🎨Microsoft Teams custom emoticons - Microsoft Teams will support custom emoticons, including emoticons that are not visible outside the organization's domain.

💻Snapdragon PC - Qualcomm released a Snapdragon Dev Kit for Windows that is similar in size to a Mac Mini.

📂File Explorer integrates Git - Microsoft's File Explorer will integrate Git to facilitate developers to track code projects.

📋Windows Clipboard AI Features — Windows 11’s PowerToys suite now supports advanced paste features, requiring an OpenAI API key.

🖥️.NET and Artificial Intelligence — .NET 9 introduces a range of features and tools to accelerate the process of developers building AI applications.

#ai

JUST IN: Fidelity files updated S-1 application for its spot Ethereum ETF.#以太坊ETF批准预期

Breaking Free from the "Curse of Knowledge" to Take the First Step Towards Earning Money

The "Curse of Knowledge" is a mental obstacle that hinders many from taking action towards financial success. It's the belief that one must have complete mastery of a field before beginning, leading to a cycle of endless preparation and inaction.

The Illusion of Complete Knowledge

This curse is an illusion that suggests we can only act when we have all the answers. It's a belief that we need to be fully prepared with comprehensive knowledge and experience. However, this mindset can paralyze us, preventing us from venturing into the unknown.

The Paradox of Learning

The paradox is that the best way to learn is not through passive absorption but through active engagement. It's about jumping in and learning to swim as we navigate the waters, not waiting for the perfect conditions.

The Power of Action

Action is the antidote to the curse of knowledge. It's about recognizing that you don't need to know everything to start. Knowledge is a result of action, not a prerequisite.

Learning by Doing

Successful people are not those who know the most but those who are willing to learn. They understand that knowledge is a journey, not a destination. They are not afraid to start with limited knowledge and grow their understanding as they go.

The Myth of Perfect Conditions

The myth suggests there is a right time and place to start. But there is no perfect time. The right time is now, and the right place is wherever you are.

The Student Mentality

The student mentality keeps us in a cycle of perpetual learning without action. It's the belief that we are always learning and never quite ready, which can hinder progress.

The Journey of Life

Life is about continuous learning and growth. It's facing challenges, making mistakes, and learning from them. It's taking risks, experiencing failure, and using it as a stepping stone to success.

“low float, high FDV” projects are harming retail investors and destroying the market in the long run.

The primary concern of retail investors is "Who can I trust when investing in projects?" Initially, it was "trust Vitalik (or other project founders)", then “trust big CEXes”, and "trust major VCs/KOLs" as they have conducted thorough due diligence and possess deep industry understanding. While it's true, by choosing to trust these parties, retail investors essentially hand over their wallets to them, who could unexpectedly act against the investors' interests.

In the short term, to address this issue, we require more neutral and credible research institutions. However, these institutions may eventually evolve into another form of VC or KOL and join the quasi-trust monopoly game in the long run.

The ultimate solution is to "trust metrics." These metrics, must be derived from on-chain data, should be fair and understandable to the public, similar to Earnings per Share (EPS) in the stock market, but not reliant on external auditors. TVL is a great early metric, but its credibility has started to wane as many projects are exploiting the system. With such a subjective metrics like EPT (Earnings Per Token), a project’s valuation could be simply calculated as EPS × (a reasonable) PE Ratio, not token price * num of tokens.

When we focus enough on "earning," we will be naturally think more about "building innovations that are useful to people and make the world a better place" rather than engaging in capital play. This approach brings us back to the original spirit of decentralization IMO.

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Apple and OpenAI will announce important cooperation news at WWDC

Apple plans to release new generative AI features at the upcoming WWDC (Worldwide Developers Conference), including a combination of cloud services and local LLM (large language model).

1. Integrate OpenAI technology into iOS 18:

Apple will integrate OpenAI's generative AI technology into iOS18. This means that users will be able to experience advanced AI features powered by OpenAl on the iPhone.

2. Introduce chatbot features:

Although Apple currently has no plans to launch its own version of chatbots, through cooperation with OpenAI, iOS 18 will have features similar to ChatGPT. This will help Apple quickly keep up with its competitors in the field of generative AI.

3. Improve Siri and other AI features:

Part of the cooperation will include major improvements to Siri to make it more conversational and enhance its ability to handle complex tasks.

In addition, Apple plans to use OpenAI's technology to improve other AI features such as automatic summarization, news summary, voice transcription, etc.

4. Cloud-based and local AI services:

Apple will continue to adhere to its local AI processing strategy, but will also provide more powerful AI services through OpenAI's cloud technology.

This combination will enhance the user experience while taking into account privacy and security.

5. Details of the upcoming cooperation:

The official details of the cooperation will be announced in the keynote speech of WWDC, including specific technical integration methods, functional demonstrations, and future development plans.

At the same time, Apple is accelerating its hardware updates, launching new iPad Pro and other devices to enhance AI processing capabilities.

The new hardware will be equipped with more powerful chips (such as the M4 chip) to support more complex AI functions.
#apple

The strategy of "low liquidity with high Full Diluted Valuation (FDV)" was pioneered by Alameda, gained momentum in the Solana ecosystem, and has been greatly amplified by the pricing power of Western venture capitals. It's now a significant factor causing market losses.

The swift attention and launch of a public listing recruitment plan are commendably quick.

I am optimistic about the future of application-layer projects, especially for Chinese entrepreneurs. Chinese teams are typically product and technology-oriented, with less emphasis on storytelling but strong in execution and technical expertise. These projects often win through their scenarios and economic models, achieving impressive data and growth without relying on elaborate narratives or strong VC backing.

The arrival of the traffic era and a shift in Binance's listing preferences could lead to significant opportunities.