Modulus Labs announced the official launch of its zero-knowledge machine learning (ZKML) prover Remainder. By applying the GKR prover to production for the first time, Remainder achieved 180 times efficiency improvement compared to traditional AI reasoning under equal hardware conditions. This technology not only demonstrates enormous potential in safeguarding data privacy and security, but also lays the foundation for the practical application of verifiable AI.
The development of Remainder is based on deep insights into the performance exploration of specialized zero-knowledge proofs (ZK), and significantly improves the verification efficiency of AI reasoning process by optimizing the application of the GKR protocol. In addition, the prover has silently completed hundreds of thousands of AI result records on Ethereum, proving its stability and reliability in practical applications.
To delve into the theory behind Remainder, Modulus Labs will release a series of papers this year, with the first paper "Intelligent Extension: Verifiable Decision Forest Reasoning using Remainder" detailing a series of optimization measures that support Remainder. The MEAP project is expected to launch in the second quarter of 2024, aiming to lead participants to master GKR comprehensively from theory to practice, and to build and prove circuits in Remainder.
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Fidelity Digital Assets stated in a research report on Wednesday that the Ethereum network's Dencun upgrade plan will be implemented on March 13. This is the first step in achieving its Rollup-centric roadmap, which will enable the network to serve as a database suitable for L2 chains, allowing data to be stored more efficiently and cheaply.Analyst Max Wadington wrote: "Improvements to Ethereum as a database provide L2 users with the opportunity for near-zero transaction fees," which could attract more users. The report believes that this upgrade will provide the scalability needed to support millions of users on L2 chains, making it a "distributed database more suitable for other chains." The report expects these improvements to bring more users to the Ethereum ecosystem and expand the network's total addressable market (TAM).
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On March 3rd, according to market data, WIF rose above 1.5 US dollars, reaching a new historical high, currently reported at 1.532 US dollars, with a 24-hour increase of over 27%.
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Within the first 24 hours of opening withdrawals on Friday, investors withdrew $1.6 billion of assets from newly-launched layer-2 network Blast, causing the total value locked (TVL) to drop from $2.3 billion to $650 million. Blast is offering airdrops to depositors and developers, with 50% of the allocation going to each group. Despite initial skepticism, Blast attracted $2.3 billion in deposits from 181,000 users and became one of the most active layer-2 networks before the mainnet launch. Several protocols, including Zora and Pyth, have announced Blast integrations, but the ecosystem experienced its first exit scam earlier this week.
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After failing to break through the $35,000 mark, the BTC price fell back to $34,500. But what about the others? The increased volatility in Bitcoin‘s price has also had a positive impact on altcoins. In the midst of excessive optimism about the end of the bear market, we have seen cryptocurrencies double in value. So, what are the predictions for BCH Coin?
Bitcoin Cash (BCH)
Miners have a significant influence on the price of PoW-based cryptocurrencies. Before the recent rally began, Dogecoin miners were also exerting significant downward pressure on the price. Similarly, in the case of altcoins like SOL and LINK, it was the miners who were suppressing the price of BCH.
According to the IntoTheBlock chart, the cumulative balance of miners, which was 6.59 million on September 29, has now decreased to 5.81 million. This indicates that miners have been selling a significant amount of their holdings as market sentiment recovers.

Miners who sold 780,000 BCH have clearly expressed their medium and long-term expectations. Despite the overall positive market sentiment and BTC surpassing its 17-month high, senior BCH miners believe that taking profits is the more sensible option.
BCH Coin Analysis
The performance of BCH Coin, which lags behind the top 20 cryptocurrencies, will be determined by miners. If they stop transferring to exchanges after the $200 million sale, this BTC rival altcoin could start to rise.
So, what are the whales doing while the sales continue? During the same period, whales accumulated a total of $10.2 million. This indicates that the miner sales are distributed among smaller wallets. If whales continue to accumulate like small investors, we could see the price reach $300. In fact, under normal circumstances, if miners had not released such a large supply, the price we see today would likely be around $300.

The $280 resistance level appears to be challenging, and bears will strive to pull the price down to $200. The correction tendency of BTC after its recent test of $35,000 also suggests that support in the overall market sentiment may weaken.
Investors will have to choose between the $225 and $200 support levels and the $280 and $300 resistance levels. At the time of writing this article, BCH Coin is trading around $250, while BTC finds buyers at $34,591. Gensler’s (unsurprising and consistent) anti-crypto statements at the time of writing this article have pushed the price down somewhat.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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According to Dune data, ChainCatcher reports that there were 27,553 new registered ENS domain names in January 2024, a decrease of 19.2% from December 2023 (34,064). As of now, the total number of active ENS domain names is 2,096,633, with a total of 838,469 independent participating addresses.
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On March 3rd, L2 Parallel Network based on Arbitrum announced on social media that it will open its Early Access testnet next Monday, aiming to provide momentum for the entire chain liquidity network, while also providing rewards and incentives for early users.
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BCH CLUB

Unlocking the Power of BCH CLUB: A Glimpse into the Future of Bitcoin Cash

In the ever-evolving realm of cryptocurrencies, innovation, and community collaboration often pave the way for the next big breakthrough. Among these, BCH CLUB has emerged as a remarkable initiative that has been making waves since its inception in 2022. What is BCH CLUB, and what makes it so special in the world of crypto? Let's delve into the heart of this dynamic community-driven platform.

The Genesis of BCH CLUB:
BCH CLUB, which stands for Bitcoin Cash Club, burst onto the crypto scene with a clear mission: to foster a thriving decentralized and permission-less Bitcoin Cash ecosystem. Established as a Decentralized Autonomous Organization (DAO), BCH CLUB carries the torch for Bitcoin Cash enthusiasts and developers, furthering the CashTokens protocol—a pioneering endeavor aimed at enhancing the functionality and utility of Bitcoin Cash.

A DAO at Its Core:
At its core, BCH CLUB operates as a DAO community, a concept that has been instrumental in shaping the modern crypto landscape. DAOs are essentially autonomous organizations run by smart contracts on the blockchain. This model empowers participants within the BCH CLUB ecosystem to have a direct say in the platform's development and decision-making processes.

Community-Driven Innovation:
One of the most striking aspects of BCH CLUB is its strong focus on community involvement. Unlike traditional centralized systems, BCH CLUB relies on the collective wisdom and contributions of its members. This inclusive approach not only enhances transparency but also allows for rapid innovation and adaptation to the ever-changing crypto landscape.

Advancing the CashTokens Protocol:
A significant part of BCH CLUB's mission revolves around advancing the CashTokens protocol. CashTokens is a unique asset class within the Bitcoin Cash ecosystem. They are designed to enable a wide range of use cases, from decentralized finance (DeFi) applications to non-fungible tokens (NFTs) and beyond. By pushing the boundaries of what CashTokens can achieve, BCH CLUB aims to unlock new opportunities for both developers and users.

The Future of BCH CLUB:
As the crypto space continues to evolve, BCH CLUB is poised to play a pivotal role in shaping the future of the Bitcoin Cash ecosystem. With a passionate and engaged community, a commitment to decentralization, and a clear vision for advancing CashTokens, BCH CLUB is a project that crypto enthusiasts should keep a close eye on.

In conclusion, BCH CLUB represents the essence of crypto innovation—an inclusive, community-driven platform with a clear mission to advance the Bitcoin Cash ecosystem and the CashTokens protocol. As it continues to grow and evolve, BCH CLUB is undoubtedly a force to be reckoned with in the world of cryptocurrency.
To stay updated on the latest developments in BCH CLUB and the broader crypto space, be sure to follow our news website and blogs dedicated to cryptocurrency, web3, and blockchain.
Join us on this exciting journey toward a decentralized and permission-less future!

This article was brought to you by our team of crypto experts and BCH CLUB Ambassador JUDE ANUMUDU

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