Scan to download
BTC $74,446.67 +4.87%
ETH $2,367.69 +7.93%
BNB $616.08 +3.56%
XRP $1.37 +3.09%
SOL $86.08 +5.14%
TRX $0.3206 +0.01%
DOGE $0.0936 +2.76%
ADA $0.2447 +2.78%
BCH $434.74 +2.18%
LINK $9.23 +5.26%
HYPE $44.76 +7.67%
AAVE $101.53 +7.54%
SUI $0.9500 +4.78%
XLM $0.1555 +3.25%
ZEC $358.04 -1.07%
BTC $74,446.67 +4.87%
ETH $2,367.69 +7.93%
BNB $616.08 +3.56%
XRP $1.37 +3.09%
SOL $86.08 +5.14%
TRX $0.3206 +0.01%
DOGE $0.0936 +2.76%
ADA $0.2447 +2.78%
BCH $434.74 +2.18%
LINK $9.23 +5.26%
HYPE $44.76 +7.67%
AAVE $101.53 +7.54%
SUI $0.9500 +4.78%
XLM $0.1555 +3.25%
ZEC $358.04 -1.07%

founder

Gate founder Dr. Han: The cryptocurrency industry is undergoing structural reshaping, and long-termists will seize new cyclical growth opportunities

In the 13th anniversary open letter, Gate founder and CEO Dr. Han pointed out that the crypto industry is undergoing a structural reshaping driven by multiple variables. Technological evolution, improvements in regulatory systems, changes in the macro environment, and a broader user base are all working together to influence the industry's development path, continuously raising the overall threshold.Dr. Han stated that this change is reflected not only in compliance and technical requirements but also in the higher demands for platform system capabilities and long-term investment; as the threshold rises, resources and space are accelerating towards participants who possess long-term judgment and sustained investment capabilities, and long-termists will gain more certain growth opportunities in the new cycle.As a global leading crypto asset trading platform, Gate always regards security and transparency as the cornerstone of development, being the first to introduce a 100% reserve proof scheme and continuously expanding its global compliance footprint. Currently, multiple entities under Gate have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai. At the same time, the platform deeply integrates AI innovative technology, building an ecosystem that covers multi-asset allocation and full-scenario services, driving the industry towards a smarter and more sustainable future.

Gate founder Dr. Han releases 13th anniversary open letter: Infrastructure capabilities will become the key to competition in the future cryptocurrency industry

On the occasion of its thirteenth anniversary, Gate founder and CEO Dr. Han published an open letter titled "Releasing the Power of Change Amidst Cyclical Transitions," reflecting on the platform's journey from early exploration to global development, and systematically elaborating on his judgments regarding industry cycles and future trends.Dr. Han pointed out that as CeFi continues to extend towards DeFi, the platform is moving from a centralized trading vehicle to a more open ecological structure. The cryptocurrency industry is shifting from "narrative-driven" to "infrastructure-driven," with the focus of competition shifting from products and scale to system capabilities and structural advantages. In the next cycle, platforms with infrastructure capabilities will no longer just be market participants but will become an important part of the rules.Dr. Han stated that Gate is gradually transitioning from a builder to a shaper of industry structure, continuously investing in trading depth, risk control capabilities, and global compliance systems, while simultaneously laying out in areas such as RWA, TradFi, DeFi, and AI. In addition, Gate is advancing its global brand building by establishing partnerships with top international sports IPs like the F1 Red Bull Racing Team and Inter Milan, accelerating connections with a broader global user base.In the future, Gate will continue to lay out around infrastructure capabilities, deepening investments in ecological connections, technological capabilities, and global systems to address a new stage of higher-dimensional industry competition.

The founder of Hyperliquid once rejected a $1 billion valuation funding proposal, insisting on a "zero external investment" approach

According to market news, Hyperliquid founder Jeffrey Yan received an investment intention based on a valuation of about $1 billion and a scale of about $100 million less than a year after the project went live. However, after careful consideration, he ultimately chose to reject the investment terms.Reports indicate that before and after the financing proposal was made, the team had been continuously using personal funds to maintain operations, consuming the founder's personal finances each month to cover project costs. During the investor's engagement, Jeff communicated with several entrepreneurs and VCs about the nature and significance of financing, but he was never convinced that external capital could enhance its intrinsic value. Ultimately, he clearly informed the team on Monday that he would reject the financing proposal.Relevant insiders described that the team members managing funds were shocked by this decision, as several preparations had already been made around the financing. Jeff's core reason was that Hyperliquid is not a traditional company but an on-chain protocol that needs to maintain neutrality. He believed that once external equity capital was introduced, it could undermine the protocol's permissionless and neutral positioning, conflicting with its long-term design goals.He had previously stated that if Bitcoin had accepted VC financing in its early days, its neutrality narrative might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's investor-free structure and to support part of the operating expenses with personal funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors · No paid market makers · No fees charged to the development team (or the development team does not take fees) · No insiders (or internal privileged participants). This statement is also seen as a core footnote to Hyperliquid's extreme decentralization/decapitalization approach.

Bittensor co-founder accuses Covenant AI founder of betraying the community and plans to launch a locked staking mechanism

Bittensor co-founder Jacob Robert Steeves responded to the Covenant AI incident, stating that he was "deeply shocked" by the events of the past few days and accused Covenant AI founder Samuel Dare of causing serious harm to the protocol and community, betraying the trust of investors and users. He apologized to users who suffered losses due to the incident.Steeves stated that the original intention of Bittensor was to combat greed and selfishness in human nature, promoting AI to be collectively owned by all participants through a permissionless mechanism. He emphasized that while this incident exposed vulnerabilities in the system, it would also encourage the protocol and community to further enhance their risk resilience.Regarding future directions, Steeves proposed advancing the "Locked Stake" mechanism, introducing a "time + stake" commitment dimension at the protocol layer to improve transparency and investor protection, thereby reducing similar risks. He noted that this plan was originally designed with the participation of Samuel Dare.Additionally, he mentioned that the development related to subnets 3, 39, and 81 would continue to be driven by the community, and the overall functionality and vision would not change. Steeves emphasized that Bittensor remains one of the most decentralized AI protocols currently and will continue to promote the development of open AI, with plans to move towards training larger-scale models. In the future, they will train a 1 trillion parameter model.

Bittensor co-founder responds to Covenant AI's accusations: no authority to suspend subnet emissions, and the amount sold is less than 1% of the investment

Bittensor co-founder Const (@const_reborn) responded on Twitter to recent allegations regarding Covenant AI. Const stated that he has no authority to pause emissions, and that the previous sale of a portion of alpha positions in three subnetworks was because these subnetworks were not operational and were in a high ratio of code destruction state. The impact of this transaction on emissions is consistent with the buying and selling behavior of ordinary TAO holders, and he does not enjoy any special privileges.Regarding management authority, Const clarified that it was Samuel himself who abandoned his Discord channel, and he did not remove his administrator role; he only temporarily restricted his ability to delete posts that honestly criticize and then restored it. Additionally, he emphasized that the scale of the token sell-off was less than 1% of his total investment in the team, and stated that exercising the rights to buy and sell tokens under the dTao system is fundamental to supporting the operation of the system.According to previous reports from ChainCatcher, the main subnetwork developer on Bittensor, Covenant AI, announced its withdrawal from Bittensor. Covenant AI founder Sam Dare stated that the reason Bittensor attracts builders, miners, validators, and investors into this ecosystem is because of its promise not to be controlled by any single entity. But this promise is a lie.
app_icon
ChainCatcher Building the Web3 world with innovations.