Sonic mainnet will be open to the public in December.
Author: Deep Tide TechFlow
Yesterday's Market Dynamics
Harris: The United States should maintain its leadership in artificial intelligence, quantum computing, blockchain, and other emerging technologies
According to The Block, US Vice President Kamala Harris stated in a speech at the Pittsburgh Economic Club that under her leadership, the United States will recommit to "maintaining leadership in artificial intelligence, quantum computing, blockchain, and other emerging technologies." Until last weekend, Harris had remained silent on cryptocurrencies during her campaign, until a fundraising event in Manhattan, where she stated that she would include artificial intelligence and cryptocurrencies as part of her "opportunity economy" vision, emphasizing the encouragement of innovative technologies while protecting consumers and investors, promising to create a secure business environment, and provide consistent and transparent rules.
PayPal expands cryptocurrency services, allowing merchants to conduct on-chain transfers
According to official sources, payment giant PayPal announced the expansion of its cryptocurrency services, allowing US merchants to conduct on-chain transfers. Jose Fernandez da Ponte, Senior Vice President of PayPal's Blockchain, Cryptocurrency, and Digital Currencies, stated that this move is to meet the growing demand from merchants for cryptocurrency functionality. The new feature enables merchants to conduct external cryptocurrency transfers to third-party eligible wallets and send and receive supported cryptocurrency tokens between external blockchain addresses.
Full-chain Rollup network Initia completes $14 million Series A financing, led by Theory Ventures
The full-chain Rollup network Initia announced the completion of a $14 million Series A financing, led by Theory Ventures, with participation from Delphi Ventures, Hack VC, and several well-known angel investors. This round of financing brings Initia's total financing to $22.5 million, including previous seed rounds from Delphi Ventures and Hack VC, as well as pre-seed investments from Binance Labs. Initia plans to launch its mainnet and token generation event (TGE) within the next two months, with at least 6 L2 networks set to go live on the first day. Currently, 12 teams have publicly announced building application chains on Initia's Interwoven Stack, with these teams having raised over $13 million in funding themselves.
Binance launches pre-market spot trading service
Binance announced the launch of pre-market spot trading services, allowing users to trade tokens before they are officially listed. This is the industry's first service to provide actual token pre-market trading, rather than derivatives. The service will collaborate with Binance Launchpool and is limited to selected Launchpool tokens. During the pre-market period, tokens will be subject to withdrawal, transfer, and deposit restrictions until they are officially listed. Binance stated that pre-market trading will end at least 4 hours before formal spot trading begins.
OneKey Card announces the cessation of services, no new registrations and top-ups accepted from September 30
OneKey Card users recently received an official email notification that the service will officially cease on January 31, 2025. According to the email, the cessation plan for OneKey Card is divided into three stages: from September 30, 2024, the platform will no longer accept new user registrations and top-ups from existing users; on October 31, 2024, the system will automatically delete all cards, and the balance will be transferred to the user's OneKey Card wallet account, from which users can withdraw funds to their exchange accounts or Web3 addresses at any time; finally, the OneKey Card service will completely cease on January 31, 2025.
Vitalik: It's great to see Celo gaining attention, focusing on developing countries is a wise choice
Ethereum co-founder Vitalik Buterin posted on the social platform X, expressing appreciation for the latest developments in the Celo network. Vitalik stated, "Improving the accessibility of global basic payments and financial services has always been one of Ethereum's key ways to benefit the world, and it's great to see Celo gaining attention." He specifically noted Celo's strategy of focusing on developing countries, considering it a wise choice because these regions present important challenges and opportunities. Celo recently announced that it will become an Ethereum L2 solution and emphasized its consistency with Ethereum culture. Data shows that Celo's daily active addresses in stablecoin usage recently surpassed TRON.
AC: Sonic mainnet will be open to the public in December
Andre Cronje, Chief Technology Officer of Sonic Labs, announced on the social platform X that the Sonic mainnet will be open to the public in December 2024. The network will provide several advantages for developers and users: it will offer up to 90% gas fee refunds for applications built or submitted on it, coming from user and contract transactions. In terms of performance, the Sonic mainnet promises to achieve a processing capacity of over 10,000 TPS, with a transaction confirmation time of approximately 1 second. The network will introduce native stablecoins and connect through an Ethereum security gateway. It will provide various funding support for developers, including grants from the Sonic BOOM project and the Innovator Fund. A 200 million token airdrop activity is planned.
OpenAI CEO announces major senior management changes, refocusing on technology and products
OpenAI founder and CEO Sam Altman posted on social media, announcing significant senior management changes at the company. Chief Technology Officer Mira Murati, Chief Scientist Bob, and another executive, Barret, will be leaving. Altman stated that these decisions were independent and amicable. Mark will take over as Senior Vice President of Research, co-leading the research team with Chief Scientist Jakub. Josh Achiam will serve as Mission Alignment Director, while Kevin and Srinivas will continue to lead the application team, and Matt Knight will serve as Chief Information Security Officer. Altman emphasized that despite the sudden nature of these changes, the leadership changes are a natural result of the company's rapid development. He plans to refocus on the company's technology and products and will further discuss these changes at an all-hands meeting.
Market Dynamics
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