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first_img "Fat Penguin" was dismissed from the co-creation and launched 44,000 NFTs on the Robinhood Chain, earning approximately 1.28 million dollars

According to The Defiant, Cole Villemain, the co-founder of the well-known NFT project Pudgy Penguins, who was voted out by the community, launched a series of 44,000 NFTs named Spritehood on Robinhood Chain on August 11, selling out in less than an hour.According to on-chain statistics of minting transactions by analyst 0xlaplaced, this sale generated approximately $1.2829 million (equivalent to about 684.28 ETH at the minting price), higher than the approximately $755,000 figure circulating during the sale, which was a snapshot taken while the sale was still ongoing. According to the statistics, the paid sale lasted about 53 minutes, during which 37,430 pieces were sold for $17 each, and 5,526 pieces were sold for $117 each. Before the paid sale began, the deploying party also distributed 1,488 pieces for free through 20 zero-price transactions.Reports indicate that the Spritehood contract itself is displayed as unverified source code on the Blockscout browser of Robinhood Chain, preventing buyers from reviewing the public code regarding its token pricing and distribution mechanism. Cole Villemain was voted out of the founding team by the Pudgy Penguins holder community in January 2022, accompanied by accusations of misappropriating project funds, but the related accusations have remained at the level of allegations, and Villemain has not been prosecuted as a result.

first_img Fu Peng: AI infrastructure stocks have shown characteristics of "old Deng stocks," while liquidity assets like Bitcoin may complete valuation clearance ahead of the stock market

Chief Economist of Bitfire Group, Fu Peng, stated that the AI industry is currently in a transitional period from the midstream to the downstream. The infrastructure layer, represented by Nvidia, has entered a mature stage, displaying characteristics of established stocks. However, the downstream application layer has yet to see a milestone breakthrough similar to ChatGPT. The next 10 to 18 months will be a transitional period for the industry cycle. He indicated that the competition in the second half of AI will no longer be about the story of repeatedly burning money to build infrastructure, but rather whether AI, as an efficiency tool, can generate stable payments, profits, and diffusion after entering real industries.He also mentioned that current market funds are following a logic of narrowing focus, prioritizing the elimination of speculative assets that are peripheral, highly elastic, and lack cash flow support, while continuously concentrating on the most core and highest certainty targets. Pure liquidity assets at the denominator end, such as Bitcoin, often digest valuation pressure before traditional stock markets.He further noted that DRAM and HBM storage are ultimately commodities, subject to the laws of commodity cycles. When the industry fundamentals are extremely certain and volatility drops to very low levels, the excessive accumulation of off-market financial leverage often becomes an invisible killer that triggers a sharp decline. Even when a company's fundamentals are sound, prices can fluctuate dramatically during deleveraging.

Zhao Changpeng: AI cannot solve the inflation problem, Bitcoin has unique value storage properties

Binance founder CZ recently posted on social media that artificial intelligence (AI) and Bitcoin (BTC) serve different functions; AI drives productivity improvements, while Bitcoin is used to combat inflation and protect wealth. CZ stated, "AI is great, but it cannot protect you from the effects of inflation; Bitcoin can."CZ believes that the market often views AI and Bitcoin as two major hot investment themes, but their natures are fundamentally different. AI is a technology that enhances business efficiency and economic productivity, while Bitcoin is a digital asset with a fixed supply. He pointed out that the AI industry is rapidly developing, with global companies continuously investing billions of dollars in AI software, data centers, chips, and other infrastructure, driving transformations in various sectors such as healthcare, finance, and manufacturing. However, AI companies can issue more shares and raise funds for expansion, and their investment value still depends on business performance and market competition. In contrast, Bitcoin has a total fixed supply of 21 million coins, and holders possess a non-dilutable scarce asset. CZ believes this characteristic gives Bitcoin long-term value storage properties, providing protection when the purchasing power of fiat currency declines due to inflation.CZ has also previously stated that the AI boom may attract some funds that would have originally flowed into the Bitcoin market. As AI companies like OpenAI and Anthropic gain more capital attention, some investors may sell other assets to allocate to AI-related investments. However, CZ believes that AI and Bitcoin are not in competition; rather, they should be viewed as complementary assets: AI drives technological advancement and productivity improvements, while Bitcoin offers a way to store value that is unaffected by supply expansion.
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