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BlockBeats News, on April 11th, Arkham has brought a brand new feature for crypto enthusiasts! 🎉 This time, Arkham announced the addition of a trading platform (funds) flow section, allowing everyone to more easily track the transfer of large tokens.

The highlight of this new module is that it not only displays the transfer of large tokens to and from trading platforms but also allows users to filter by token, blockchain, market cap, or trading volume. This means that whether you want to understand Bitcoin's trends or keep an eye on Ethereum's latest changes, you can find precise information here.

For those who are keen on insights into the blockchain industry, this is undoubtedly a tool worth paying attention to. It not only helps users better understand market dynamics but also provides a convenient platform to analyze the flow of large transactions.

Of course, the market is ever-changing, and maintaining a neutral attitude is especially important. The launch of this new feature may provide investors with more reference information, but final decisions still need to be made cautiously.

Friends, what do you think about this new feature? Feel free to share your thoughts and experiences in the comments! Let’s explore more possibilities together in this vibrant crypto world!

BlockBeats Latest News! On April 10, Block Inc. reached a settlement agreement worth $40 million with the New York Department of Financial Services (NYDFS). 🤝 The reason for this settlement was a 'significant failure' in Block's anti-money laundering compliance procedures. Led by Jack Dorsey, Block agreed to hire independent monitors for oversight after violating remittance and cryptocurrency regulations.

NYDFS pointed out that Block had deficiencies in 'customer due diligence' and failed to implement sufficient systems to prevent money laundering and illegal activities. Such vulnerabilities made Block's services 'susceptible to exploitation by criminals.' Particularly, Block's 'lax handling' of Bitcoin transactions allowed many anonymous transactions to evade scrutiny. It seems that compliance issues in the blockchain industry remain a challenge that cannot be ignored!

This incident reminds us that while cryptocurrencies and blockchain technology are full of potential, there is still a need for continuous effort in compliance and security. Dear readers, what impact do you think this settlement will have on Block's future development? Feel free to share your thoughts in the comments! At the same time, let us look forward to a safer and more transparent future for the blockchain industry.

BlockBeats Latest News, Mind Network has officially launched full homomorphic encryption (FHE) staking and agent training features! 🎉

The features launched this time are a major highlight in the blockchain industry. Binance has included FHE in its 9th round of TGE projects for Wallet and has launched it on Binance Alpha Exchange. This is undoubtedly good news for crypto enthusiasts! During the limited-time event, users only need to stake 10 FHE to activate agents, enter the basic Hub for training, participate in skill growth, and earn up to 400% annual percentage yield (APY) rewards.

Currently, the basic training Hub is open, including FCN (FHE Consensus), FDN (FHE Decryption), and RandGen (Random Number Generation). In the future, advanced Hubs will be launched, covering multi-agent consensus, medical AI, decentralized reasoning, and other application scenarios, which is highly anticipated.

Mind Network has stated that these features are key infrastructure for AgenticWorld, and in the future, a 'working' feature will be opened, allowing agents to complete multi-task collaboration or competition. FHE, as a core ecological application and governance token, has a total supply of 1 billion, with an initial circulating supply ratio of 24.9%, and over 40% allocated to the community and airdrops.

For blockchain and cryptocurrency enthusiasts, this is undoubtedly a project worth paying attention to. What are your thoughts on the future development of FHE? Feel free to share your views in the comments and discuss with us!

📢 Hello everyone, today we are going to talk about a new development in the crypto world! Huma Finance has just announced the launch of their latest platform - Huma 2.0, and this is big news! This platform is built on Solana and aims to bring stable real returns to users worldwide. Sounds cool, right? Let's take a look at what makes it special!

First of all, Huma 2.0 is a permissionless, compliant, and composable real yield platform. This means users are no longer limited to low yields in traditional finance, but can earn stable double-digit returns through everyday business activities. This opportunity used to be exclusive to institutional investors, but now individual users can easily participate too!

The platform offers two modes to cater to different user needs: Classic mode and Turbo mode. Classic mode is suitable for users seeking stable returns, with a current annualized return rate of 10.5%. Turbo mode is designed for those looking to maximize rewards accumulation, offering a 5x benchmark reward rate. You can switch modes anytime according to your needs, isn’t that flexible?

One of the core features of Huma 2.0 is DeFi composability. Users can integrate their positions with the Solana ecosystem by paying with financial strategy tokens (PST). In the initial phase, users can exchange PST for USDC through the aggregator Jupiter. More platform integrations will be supported in the future, providing more flexibility and options.

It is worth noting that Huma Finance's payment financial network has processed over $3.8 billion in transactions in just two years, generating $8 million in annualized revenue. This revenue comes directly from the fees paid by businesses using the network for payment financing and settlement liquidity, rather than relying on token incentives or market speculation. The sustainability of this model has gained endorsement from top investors.

Finally, the launch of Huma 2.0 comes at a significant transformation period for global finance and the DeFi ecosystem. Traditional payment infrastructure is facing challenges, while the demand for blockchain-based modern solutions is increasing. Huma 2.0 is positioning itself to provide efficient settlement liquidity for individuals globally, allowing more people to benefit from fundamental financial activities.

What do you think about this new platform? Feel free to share your opinions in the comments! If you want to learn more about Huma 2.0 or get involved, you can visit their website or follow @humafinance on the X platform. Looking forward to your participation!

The world's first Layer 1 public chain protected by Bitcoin, Babylon Genesis, is officially launched today! 🎉 This is not only a significant leap in the practicality of Bitcoin but also an important milestone in the blockchain world. The launch of the Babylon Bitcoin staking protocol marks the establishment of Bitcoin's core position at the infrastructure layer, transforming idle Bitcoin into a fundamental pillar of the decentralized economy and unlocking its potential value.

The Babylon protocol innovatively addresses two core issues that have long existed in the decentralized ecosystem: the potential of idle Bitcoin assets and the demand for security, liquidity, and active users in the Web3 world. Through this groundbreaking Bitcoin staking protocol, Bitcoin holders can securely stake their assets to support other decentralized networks while earning returns, without giving up their self-custody of Bitcoin. This mechanism not only promotes deep integration in the decentralized world but also accelerates the entire ecosystem's progress toward mainstream applications.

Currently, over 57,000 BTC have participated in staking through the Babylon protocol, demonstrating the strong momentum of the Bitcoin ecosystem. Leading cryptocurrency custody institutions BitGo and Anchorage Digital have both announced support for BTC staking and the custody and staking services for Babylon Genesis's native token, BABY. Additionally, leading wallet providers such as Binance Wallet, OKX Wallet, UniSat, and Xverse will also support Bitcoin staking from day one.

The launch of Babylon Genesis marks the successful completion of the second phase of the three-phase launch plan and introduces Bitcoin's security features into a broader blockchain ecosystem. Babylon's Bitcoin integration solution, with its excellent interoperability and convenient integration characteristics, has successfully attracted numerous well-known networks to join the Bitcoin-protected network (BSN) ecosystem.

Babylon Genesis also supports a rich ecosystem of on-chain decentralized applications, such as the decentralized exchange Tower, specifically designed for the BTCFi ecosystem, and the Bitcoin re-staking infrastructure Satlayer. Babylon Labs envisions building a decentralized world secured by Bitcoin, combining Bitcoin's high security and wide adoption with the efficiency and scalability of proof-of-stake systems to enhance Bitcoin's practicality.

Friends, what do you think about the launch of Babylon Genesis? Feel free to share your thoughts and insights in the comments! 💬

There is new development in the crypto world! According to Fortune magazine, the crypto insurance company Meanwhile has just completed a $40 million Series A financing, which is quite a significant amount! This round of financing was led by Framework Ventures and Fulgur Ventures, with the participation of Wences Casares, the founder of Xapo crypto bank, indicating strong confidence in Meanwhile's future.

Meanwhile's life insurance policy is a bit special; its operation is similar to regular life insurance, but the payment method is much more modern. The premiums paid by the insured each month are carefully calculated by actuaries, but instead of traditional bank accounts or checks, they are paid in Bitcoin through a crypto wallet. Isn’t that cool? Moreover, when the insured unfortunately passes away, their family will receive the claim amount in the form of Bitcoin. This innovative approach not only provides more practical use cases for cryptocurrencies but also offers users more choices.

The success of this financing seems to convey a message: cryptocurrencies and blockchain technology are gradually permeating all aspects of our lives, even in traditional fields like the insurance industry. For cryptocurrency enthusiasts, this is undoubtedly good news, as it means more innovations and possibilities are being explored.

Of course, opinions on this emerging insurance model may vary. Some people may find it convenient to pay premiums with Bitcoin, while others may have concerns about the volatility of cryptocurrencies. So, what do you think? Feel free to share your thoughts and opinions in the comments! 💬

In short, as blockchain technology continues to evolve, we look forward to seeing more innovative companies like Meanwhile emerge, bringing more convenience and options to our lives. Are you also looking forward to the future? Come join the discussion!

Friends in the crypto world, today we are going to talk about a highly discussed topic - perpetual futures contracts! 🌟

According to the latest report from Bloomberg, despite the significant changes in the digital asset regulatory environment in the U.S. during the Trump administration, the globally most popular and also one of the riskiest crypto products, the perpetual futures contracts, remain closed off to American investors. However, industry insiders are indicating that this situation may soon see a turnaround.

Perpetual futures contracts account for a substantial portion of daily trading volume on global crypto trading platforms, so their influence on the market should not be underestimated. Many predict that American investors will soon be able to participate, which will undoubtedly inject new vitality into the market.

Of course, opening the perpetual futures contract market also means that more rigorous regulatory measures will be needed to ensure investors' rights and market stability. For American investors, this will be a new opportunity, but it also comes with new challenges.

Friends, what are your views on the opening of perpetual futures contracts? Feel free to share your thoughts and insights in the comments section! Let's explore this promising market trend together!

BlockBeats News, April 10, the DEX trading volume on the Solana chain has performed remarkably in the past 24 hours, surpassing all other blockchains and becoming the market focus! 🎉

According to monitoring data from Onchain Lens, Solana topped the list with an on-chain DEX trading volume of $2.774 billion, followed closely by the Ethereum mainnet with a trading volume of $2.744 billion. Arbitrum, Base, and BNB Chain ranked third to fifth with trading volumes of $1.005 billion, $970.11 million, and $953.37 million, respectively.

Solana's strong performance has sparked widespread attention in the market. Although the Ethereum mainnet has always been the primary platform for decentralized exchanges, Solana's rapid growth demonstrates its advantages in trading speed and cost. Will such changes have a long-term impact on the market landscape? This is certainly a question worth paying attention to!

Of course, each blockchain has its unique advantages and challenges. Arbitrum, Base, and BNB Chain also exhibit strong competitiveness in their respective fields. With continuous technological advancements and innovations, we can expect these platforms to continue providing users with more efficient and convenient services in the future.

For cryptocurrency enthusiasts, this is undoubtedly an era full of vitality and change. Everyone can share their views on these changes in the comments, as well as which blockchain they believe will dominate in the future. Let's discuss together and spark more ideas!

Whether you are a fan of Solana or prefer Ethereum, Arbitrum, Base, or BNB Chain, maintaining an open attitude and paying attention to market dynamics will help better understand this rapidly evolving industry. Looking forward to seeing everyone's wonderful comments!

BlockBeats Latest News! According to Coinglass data, the current funding rates of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) reveal that the market is still in a bearish trend. 📉

First, let's talk about this magical thing called funding rate! The funding rate is a mechanism set by cryptocurrency trading platforms, mainly used to maintain the balance between the price of perpetual contracts and the price of the underlying asset. In simple terms, it is a funding exchange mechanism between long and short traders, and the trading platform does not charge this fee! It's like a little secret between traders, used to adjust the cost or returns of holding contracts, keeping the contract price close to the underlying asset price.

So, how do we interpret these rates? When the funding rate is 0.01%, it indicates that the market is in a baseline state. If the rate is greater than 0.01%, it means the market is generally bullish, and everyone is expecting prices to rise. Conversely, when the funding rate is less than 0.005%, the market is generally bearish, suggesting that people are somewhat worried about future price trends.

Although the current data indicates a bearish market, this does not mean we should be disheartened. The volatility of the crypto market has always been its charm. Whether bullish or bearish, the market is always full of opportunities and challenges. Investors can operate based on their judgment and risk tolerance.

Finally, dear readers, what do you think about the current market situation? Feel free to share your views and opinions in the comments! Let's exchange ideas and spark more wisdom together!

New York, April 10, 2025 — Today, the Babylon Genesis mainnet, which supports BTC staking on the Bitcoin native ledger, officially launched, marking the arrival of a new era for Bitcoin staking! 🎉 Babylon Genesis has also partnered with top Web3 interoperability platform Axelar to seamlessly bridge its ecosystem and native token BABY to the global Web3 network.

Through Axelar's integration, the Babylon Genesis ecosystem is now connected to over 70 blockchain networks. This advancement not only solidifies Bitcoin's position as the cornerstone of security in a decentralized world but also provides developers and users with more possibilities. Now, they can leverage the advantages of the Bitcoin staking protocol to expand beyond single-chain ecosystems and initiate a new chapter of cross-chain innovation.

While retaining the BTC self-custody model, Babylon Genesis has built a trading market for proof-of-stake networks. Through a transparent governance structure, the BABY token rewards early participants and core contributors. This innovative initiative injects Bitcoin's stability and liquidity into a broader crypto ecosystem, reshaping the landscape of decentralized finance (DeFi).

Georgios Vlachos, co-founder of the Axelar protocol, stated that Bitcoin's status as an institutional asset not only solidifies its value storage properties but also allows it to play a key role in on-chain innovation. This integration opens new avenues for developers, allowing them to freely build cross-chain applications and achieve groundbreaking use cases in the decentralized space.

As a leading decentralized open-source interoperability platform, Axelar is the ideal bridge for Babylon Genesis's BABY token. Axelar provides battle-tested infrastructure, with cross-chain transaction volumes exceeding $11 billion, covering over 70 blockchain networks, and simplifying cross-chain token management.

Babylon Genesis and Axelar are committed to unleashing the full potential of Bitcoin in cross-chain innovation. Several Babylon ecosystem teams, including EtherFi, Kinza, Lorenzo, and Tower, have initiated Axelar integration development, and bridge channels will be launched in a few days.

What are your thoughts on this exciting collaboration? Feel free to share your views in the comments section, and let’s discuss this transformation in the crypto world together!

BlockBeats News, the one-stop liquidity protocol under the Sui ecosystem, NAVI Protocol, has launched a new feature on its trading platform, Astros - the perpetual contract trading platform, Astros Perps! 🎉

The highlight of Astros Perps is its cross-chain exchange function, allowing users to seamlessly switch from major EVM and Solana networks to the Sui network. This means that no matter which chain you are a loyal fan of, you can now easily trade on the Sui network!

This platform will officially open on April 10, 2025, and is currently in Beta testing mode on the Astros website. Users can enjoy leveraged trading of up to 25 times through isolated and cross-margin modes. Sounds exciting, doesn't it? If you are a trading expert, why not give it a try? By participating in simulated trading, you also have a chance to earn activity rewards!

For those curious about blockchain and cryptocurrencies, this is undoubtedly a great opportunity to understand and experience new technologies. What are your thoughts on perpetual contract trading? Feel free to share your views and experiences in the comments section! Let's explore this vibrant crypto world together!

Just yesterday, Binance announced the upcoming launch of a new reward-based margin asset called LDUSDT! This product is specifically designed for futures trading as a 'yield-based margin asset'. Although it has 'stablecoin' in its name, the official note emphasizes that it is not a stablecoin. Users can exchange their USDT for LDUSDT and enjoy its dual features: it can be used as trading margin and also earn yields. 😄

The launch of LDUSDT inevitably brings to mind the earlier BFUSD. While both can enhance liquidity, their yield structures are significantly different. The yield of BFUSD depends on market conditions and user trading activities, leading to greater yield fluctuations. In contrast, LDUSDT shares yields through Binance's 'capital-protected earning' product, offering relatively stable returns. For those looking to maintain stable income during liquidity droughts, LDUSDT is a good option.

So, what is Binance's goal in continuously launching these yield-based assets? Overall, BFUSD functions more like an investment tool, suitable for users who trade frequently in a bull market, while LDUSDT acts as a bridge connecting Simple Earn and futures trading, incentivizing conservative users to trade during bear markets. Whether it is BFUSD or LDUSDT, Binance's goal is to activate idle stablecoins and ensure they continuously provide vitality for actual business within the Binance ecosystem.

What are your thoughts on this new product? Feel free to share your views and questions in the comments section, and let’s explore this interesting crypto story together!

BlockBeats Latest News, on April 10, WORLD3 announced the integration of Sui into its open-source WORLD AI protocol, marking a significant breakthrough in the blockchain and artificial intelligence fields! 🎉

This integration presents us with a brand new framework that not only connects decentralized applications and AI but also provides a secure and multifunctional solution for AI-driven automation within the blockchain ecosystem. The WORLD AI protocol employs a three-layer architecture, allowing developers to build and manage specialized AI agents while ensuring security and user control.

With the addition of the high-performance Layer 1 blockchain Sui, the WORLD AI protocol has taken an important step forward in its development roadmap. This integration enables AI agents to execute secure, permissioned transactions within the Sui ecosystem, bringing a reliable automation experience to decentralized applications, games, and DeFi projects.

It is worth mentioning that WORLD3 offers features such as skill plugins, knowledge packs, advanced task management, and permission frameworks, ensuring that users maintain full autonomy while leveraging AI functionalities. This milestone brings new opportunities to the Sui community, perfectly combining AI innovation with decentralized technology.

For enthusiasts of blockchain and AI, this is undoubtedly a dynamic worth paying attention to! What are your thoughts on this integration? Feel free to share your opinions and insights in the comments section, and let’s discuss how this innovation will impact the future of the blockchain ecosystem!

The story of the crypto world is always full of surprises and challenges! Recently, the stablecoin sUSD within the Synthetix ecosystem experienced significant price fluctuations, sparking widespread discussion in the community. On April 10th, the price of sUSD dropped to $0.834. Although it has currently rebounded to $0.860, it still deviates approximately 14% from its $1 peg. This fluctuation has raised concerns among many about whether the stablecoin market will face a new round of crises.

However, Kain Warwick, the founder of Synthetix, quickly explained the ins and outs of the event through social media. He pointed out that the decoupling of sUSD is not a sign of a systemic crisis, but rather a temporary effect caused by the critical mechanism upgrades being carried out by Synthetix. Warwick also revealed that he has sold 90% of his ETH holdings and increased his position in SNX, demonstrating his confidence in the future of Synthetix.

This event prompted us to review the history of sUSD. The anchoring mechanism of sUSD relies on a complex debt management system, where users mint sUSD by staking SNX, and the system maintains its 1:1 peg to the dollar through a high collateralization rate and debt adjustments. However, with the strategic direction adjustment of Synthetix, the old mechanism is being gradually replaced by a more efficient and decentralized new system—the "420 Fund Pool" under the SIP 420 proposal. This transition inevitably brings transitional pains, and the short-term decoupling of sUSD is a manifestation of this process.

For users of sUSD and holders of SNX, the team has developed detailed transition plans, including enhancing incentives for the Curve liquidity pool and extending the support period for Infinex deposit activities. Warwick emphasized that with the deployment of the new debt management system, the long-term stability of sUSD will be significantly improved.

The history of stablecoins teaches us that true strong ones are often survivors who continually adjust in the face of adversity. Although the price of sUSD may continue to fluctuate in the discounted range in the short term, the likelihood of a complete collapse is low due to ample reserves. In the long term, with the implementation of the new mechanism, sUSD is expected to regain its foothold within the Synthetix ecosystem.

Dear readers, what are your views on the recent decoupling of sUSD? Feel free to share your thoughts and insights in the comments section! Let’s explore the infinite possibilities of the crypto world together! 🌟

BlockBeats News, April 10, Backpack's CEO Armani Ferrante shared some interesting insider news on social media! The market has been a bit chaotic recently, leading to a historical peak in Backpack's system load. The team is working overtime to scale up to meet the growing demand from users. Although it cannot guarantee that the system is 100% perfect, Armani is confident in the performance of the risk engine, believing it will become one of Backpack's core components.🌟

Armani also mentioned the collapse of FTX, which is big news! He stated that this incident made the market realize the importance of risk engines and custody. Backpack has learned from this and prioritized building a robust and transparent risk management system to ensure the safety of user funds. It is worth mentioning that Backpack does not operate its own market makers and has no motivation to liquidate users; 99.82% of liquidations are completed on the order book, ensuring fair trading for market participants.

To provide more peace of mind, Armani detailed Backpack's three-step liquidation process: order book liquidation, backup liquidity support, and automatic deleveraging. Through these measures, Backpack strives to reduce market impact and protect users from unreasonable liquidations. Doesn't that sound reliable?

Dear readers, what do you think of such a risk management system? Feel free to share your thoughts and experiences in the comments section! Let's discuss the future development of the blockchain industry together!

BlockBeats News: On April 10, Avalon Labs launched a groundbreaking over-collateralized Bitcoin lending product aimed at institutions, providing Bitcoin holders with a brand-new on-chain lending option. This product is not only secure and transparent but also efficiently meets the needs of institutional users, truly impressive! ✨

Avalon Labs' product employs an over-collateralization mechanism that allows users to use BTC as collateral for lending. It is worth mentioning that users can enjoy a stable annual interest rate for loans, and also flexibly choose the duration of open-ended loans. This flexibility undoubtedly offers institutional users more options and convenience. Currently, Avalon Labs has partnered with several well-known institutions in the industry, and the first group of partners is about to go live, which is exciting.

In the future, Avalon Labs plans to further open customized lending models to meet the risk management and asset allocation needs of institutions of different sizes. This means that whether it is a large institution or a small to medium-sized enterprise, they can find a suitable lending solution on this platform.

As the world's largest Bitcoin stablecoin issuance platform, Avalon Labs' ecosystem products cover multiple fields including stablecoins, lending protocols, and credit payments. The launch of this institutional lending product marks an important step for Avalon Labs in building a financial center on the Bitcoin blockchain.

What are your thoughts on such an innovative product? Feel free to share your views in the comments section and discuss this exciting industry development with us!

BlockBeats news, there is new movement in the blockchain world! 🎉 On April 10, according to Bloomberg analyst James Seyffart, digital asset management company 21Shares is applying to the U.S. Securities and Exchange Commission (SEC) to launch a brand new spot Dogecoin exchange-traded fund (ETF). This marks yet another company joining the memecoin frenzy after Bitwise and Grayscale!

21Shares' Dogecoin ETF will closely track the price fluctuations of Dogecoin. According to the S-1 registration statement submitted on April 9, House of Doge, a subsidiary of the Dogecoin Foundation, will assist 21Shares in promoting this fund. It seems that Dogecoin is not just a joke; it is gradually moving towards the mainstream financial market.

So, why is everyone so interested in Dogecoin? This may be related to the community culture behind it and its wide recognition. Dogecoin was originally created as a joke, but over time, it has become a star in the cryptocurrency world. Its drastic price fluctuations have also attracted a large number of investors' attention.

Of course, launching such an ETF is not an easy task. Whether the application will receive SEC approval remains unknown. After all, regulatory agencies have always been cautious about cryptocurrencies. However, if approved, this will provide investors with a more convenient way to participate in the Dogecoin market.

For investors, this is undoubtedly an opportunity worth paying attention to. But also remember, the cryptocurrency market is highly volatile, and investment should be done cautiously!

Friends, what do you think about the launch of the Dogecoin ETF? Feel free to share your thoughts and insights in the comments section! Let’s chat about this interesting topic together!

Magic Eden has been making big moves lately! 🎉 According to official news, this well-known NFT marketplace has announced the acquisition of the crypto trading platform Slingshot. While the specific details of the acquisition are still under wraps, we can already look forward to the collaboration between the two bringing new sparks!

First of all, Magic Eden and Slingshot will continue to operate as independent platforms. This means users can continue to enjoy the unique features of each platform without worrying about sudden changes. However, with this acquisition, the connectivity between the two companies will be enhanced, and we may see some new features and services coming online.

Jack Lu, the CEO of Magic Eden, is confident about this acquisition. He stated that this step is an important part of Magic Eden's vision, aimed at providing a seamless and secure way for global users to trade cryptocurrencies and digital assets across chains. Doesn't that sound cool? The convenience of cross-chain trading may attract more users to join the world of cryptocurrency.

For friends in the crypto community, this is undoubtedly a dynamic worth paying attention to. How do you think this acquisition will impact the market? Feel free to share your thoughts and expectations in the comments! Perhaps you have some unique insights or your own speculations about future integrations, so come and discuss with everyone!

In summary, the collaboration between Magic Eden and Slingshot could bring new opportunities and challenges to the blockchain industry. We will continue to monitor the subsequent integration developments and share the latest news with everyone. For those who love cryptocurrency and blockchain technology, this is definitely a story not to be missed!

Pakistan plans to use surplus electricity to develop Bitcoin mining! ⚡

Hey, blockchain enthusiasts, there's an interesting piece of news to share! According to Reuters, Bilal Bin Saqib, head of Pakistan's cryptocurrency committee and advisor to the finance minister, revealed that Pakistan is planning to utilize surplus electricity resources for Bitcoin mining and artificial intelligence data centers. This initiative is expected not only to enhance the country's technological level but also to bring new opportunities for economic development.

Bitcoin mining has always been considered a major energy consumer, and Pakistan's move aims to achieve a win-win situation by effectively utilizing areas with excess electricity. Bilal Bin Saqib stated that Pakistan has already held talks with several Bitcoin mining companies, and the location of mining centers will be determined based on areas with surplus electricity. This will not only allow for effective resource utilization but also create job opportunities in the local area.

Of course, the implementation of any new plan comes with challenges. As Pakistan advances this plan, it needs to ensure the rational distribution of electricity and minimize environmental impact. Additionally, how to prepare technically and regulatory-wise is also an important factor to consider.

For cryptocurrency enthusiasts, this is undoubtedly a dynamic worth paying attention to. Do you think Pakistan's plan can be successfully implemented? What impact will it have on the global cryptocurrency market? Feel free to share your thoughts and insights in the comments section; we look forward to interacting with you!

BlockBeats News, there’s a new story in the blockchain world! On April 9th, Lookonchain shared the legendary experience of a "Smart Money" trader on social media. This trader deposited 1.17 million USDC into the Hyperliquid platform four months ago, and now his account value has skyrocketed to 8.85 million dollars, which is truly astonishing! 🎉

This trader has a win rate of 100%, achieving profit on every trade, making him the "ever-victorious general" of the market. Currently, he is shorting XRP, BTC, and ETH, with unrealized profits reaching 2.3 million dollars. Wouldn't you like to learn such trading techniques?

The blockchain market is ever-changing, and this trader's success story undoubtedly provides us with a new perspective. Despite the high volatility in the market, substantial profits can still be achieved with the right strategy. Of course, investing carries risks, so everyone should remain rational when trading!

We welcome everyone to share your thoughts on this "Smart Money" trader in the comments, or talk about your own experiences in blockchain investment. What do you think his next moves will be? Come join the discussion!