Mining News
The 7-day moving average hashrate of Bitcoin continues to reach new highs, reaching 450 EH/s as mining activities in the US have resumed. This has resulted in an all-time high mining difficulty for Bitcoin. Bitmain, a major Bitcoin miner, has imported a significant number of Antminers into the US, contributing to the growth in hashrate. It is unclear how many of these machines are being used or stored in Bitmain’s warehouse. Nevertheless, the influx of Antminers in the US continues to fuel Bitcoin’s hashrate growth.
Exchange News
Bitget has launched a futures quant bot product that utilizes artificial intelligence and algorithms to help users analyze the market and adopt suitable investment strategies. The bot operates through AI automation and continuously optimizes settings based on market dynamics. It not only aims for high returns but also provides personalized services while managing risk.
Web3 News
Animoca Brands’ subsidiary Forj has announced the official launch of the APE Accelerator, a community-driven Web3 accelerator funded by ApeCoin DAO. The accelerator program is now open for applications, offering successful applicants the opportunity to launch their Web3 business ideas with support from the ApeCoin community. Pi Network has introduced Staked Direct Messages on its Pi Chat app, allowing users to access individuals in the network via direct messages by staking their Pi cryptocurrency. Sweat Economy, a physical activity-focused Web3 ecosystem, has expanded into several new countries, enabling users to tokenize their physical activity within the ecosystem.
Wallet News
Unstoppable Domains has partnered with Webacy to provide users with a software protection layer for self-custody wallets. The integration allows users to assess the risk levels of wallets connected to their Web3 domains and take action if an exploit is suspected. Webacy Pro offers additional features such as a Panic Button for moving assets to another wallet in case of compromise. All Unstoppable Domain holders will receive complimentary access to Webacy Pro for three months.
NFT News
Chappyz, a Web3 platform, has announced an upcoming NFT mint event. Participants will have the opportunity to mint and reveal unique rarities and rewards. NFT holders will enjoy various benefits, including exclusive access to airdrops, eligibility for community campaigns, and enhanced rewards by staking NFTs. The mint cost of each NFT directly contributes to the Chappyz DAO treasury.
Hot Take: The Crypto Industry Continues to Experience Growth Across Various Sectors
The crypto industry is witnessing significant growth across multiple sectors. Bitcoin’s hashrate continues to soar, driven by mining activities in the US. Bitget’s new futures quant bot product utilizes AI and algorithms to assist traders in analyzing the market and managing risk. Web3 platforms like Forj and Pi Network are expanding their offerings, providing opportunities for entrepreneurs and improving social interactions within their networks. Additionally, innovations in wallet security, as seen through the partnership between Unstoppable Domains and Webacy, contribute to the overall safety of self-custody wallets. Lastly, Chappyz’s upcoming NFT mint event demonstrates the continued interest and potential for growth in the NFT space.
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