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HYPE $28.72 -3.86%
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high-performance

SoSoValue's high-performance Layer 1 order book SoDEX is officially open to the public, with 150 million $SOSO incentives to restructure on-chain trading

SoSoValue's high-performance Layer 1 network ValueChain and its core trading sub-chain SoDEX have officially announced the full launch of the mainnet (open to the global public, no invitation code required).The full launch of SoDEX marks the completion of the SoSoValue ecosystem's closed loop from "data investment research (SoSoValue)" to "on-chain trading (SoDEX)" and then to "asset allocation (SSI)" financial infrastructure. The platform token $SOSO also receives a significant upgrade, officially becoming the native Gas and governance token of the ValueChain mainnet.The core competitiveness of SoDEX lies in its high-performance architecture based on Layer 1 ValueChain. According to official sources, SoDEX's current tested performance has reached 100,000 TPS, achieving architectural breakthroughs in the decentralized trading field:L1 native matching: SoDEX innovatively distributes the matching engine across different validating nodes on Layer 1. This makes it one of the few trading systems in the industry that can fully implement matching logic on-chain, achieving the extreme speed of centralized exchanges (CEX) while ensuring absolute transparency and security of assets through L1 consensus.One-stop purchase of high-quality assets across the chain: Leveraging the multi-subchain composite architecture of L1, SoDEX connects independent high-performance Spot (spot) and Perps (contract) trading sub-chains, unified under the EVM account system. This means users can trade crypto-native assets and real-world assets (RWA) such as gold and silver in a one-stop manner without switching accounts, greatly enhancing capital efficiency and the convenience of asset allocation.Institutional-level cross-chain security: The system reuses the Mirror Protocol infrastructure of the SoSoValue Indexes Protocol, adopting a combination of third-party custody and Bridge solutions, significantly enhancing the security of multi-asset cross-chain transactions.During the SoDEX testnet period, it attracted over 400,000 user registrations, with an average daily on-chain order volume reaching 3.9 million.According to official sources, this Public Launch will simultaneously launch the SoPoints points system and directly inject 150 million $SOSO as an early ecosystem incentive pool. This plan aims to reward genuine trading behavior and liquidity contributions, emphasizing verifiable on-chain actions as the basis for incentives, allowing every investor an equal opportunity to enjoy the benefits of decentralized finance.

Bitcoin mining company Bitfarms sells its Latin American business for $30 million, continuing its transition to AI and high-performance computing

According to The Block, Bitcoin mining company Bitfarms Ltd. has agreed to sell its remaining Latin American operations, marking its complete exit from the regional market as the company refocuses its strategic priorities on North America and energy and data center infrastructure related to artificial intelligence and high-performance computing.The company announced in a press release on Friday that it has reached a final agreement with the Singapore-based crypto infrastructure fund Sympatheia Power Fund, managed by Hawksburn Capital, to sell its 70-megawatt Paso Pe mine in Paraguay for up to $30 million. Under the terms of the deal, Bitfarms will receive $9 million in cash at closing (including a $1 million non-refundable deposit already paid) and up to an additional $21 million over the next 10 months based on post-closing milestone conditions.Management stated that this sale effectively realizes the expected free cash flow from the mine over the next two to three years. Bitfarms CEO Ben Gagnon noted that the proceeds from the sale will be reallocated to North American high-performance computing and artificial intelligence energy infrastructure starting in 2026, marking the official completion of the company's multi-year plan to scale back its Latin American operations.This sale fully concentrates Bitfarms' energy asset portfolio in North America, including 341 megawatts of operational capacity, 430 megawatts of capacity under construction in the U.S., and a total of approximately 2.1 gigawatts of long-term project reserves in the region. Bitfarms is continuously transitioning from a geographically dispersed Bitcoin mining business to domestic energy assets in the U.S. that can support artificial intelligence and high-performance computing workloads. The company began signaling its transformation in mid-2025, emphasizing the higher return prospects brought by the growing demand for high-energy data centers, and subsequently announced plans to convert some of its mines into artificial intelligence infrastructure.

Luxor announces the expansion of its hardware business to GPU and AI servers, supporting Bitcoin mining companies in deploying AI and high-performance computing

The Bitcoin mining infrastructure company Luxor announced the expansion of its hardware business from ASICs to GPUs and AI server fields, further extending its procurement, logistics, and financing capabilities to the high-growth artificial intelligence and high-performance computing (HPC) markets.Luxor stated that the core bottleneck currently faced by the industry is the actual shortage of deployable computing power, while mining companies have unique advantages in transitioning to AI data centers, including power contracts, sites, and advanced cooling systems. Since its establishment, Luxor has procured over $750 million in ASICs for Bitcoin miners, and this experience will now be extended to GPU and server procurement, providing end-to-end solutions that include new, refurbished, and used equipment.Its channels cover major manufacturers such as Dell, HPE, Lenovo, and PNY, and are supported by U.S. warehousing, international logistics, equipment installation, and hosting construction capabilities. Luxor pointed out that the global Bitcoin mining network currently has data center capacity close to 20GW, with an additional 10GW of potential expansion space, of which 35%-40% is located in the United States.As mining companies gradually shift some capacity towards AI and HPC hosting, Luxor will also adjust its service structure accordingly. As the only mining pool with comprehensive financing and hedging capabilities, Luxor can assist miners in obtaining GPU procurement funds through computing power and can provide structured financing such as sale-leaseback through partners. Additionally, its Tenki cloud computing marketplace can help operators immediately monetize computing resources once the hardware is online.Luxor stated that the company has built a full-process infrastructure network covering tax-advantaged warehousing in Montana and Delaware, OEM installation, warranty management, export control compliance, and old equipment disposal, aiming to meet the multi-billion dollar capital investment needs of customers in the AI and HPC era.

The new generation high-performance chain ValueChain has received support of 150 million $SOSO, focusing on cybersecurity and ecological construction

ChainCatcher message indicates that, according to Snapshot data, the second community governance vote for SosoValue has been completed. The community unanimously supports unlocking 150 million $SOSO tokens from the foundation and ecosystem fund, currently valued at 90 million USD, to support the initial staking of the first batch of validator nodes for the ValueChain mainnet, as well as the exclusive ecosystem incentive programs for SoDEX and ValueChain.This governance resolution will strongly ensure the security and stable launch of the ValueChain network, injecting critical liquidity and user growth momentum into early ecosystem development.ValueChain's TPS has exceeded 50,000, supporting users in obtaining a high-frequency trading experience similar to centralized exchanges in spot and perpetual contract order book trading on the decentralized trading platform SoDEX. Currently, the total number of registrations for the Sodex testnet has surpassed 200,000, with 16,000 whitelist users granted access to participate in the testnet. The daily on-chain order count reaches 3.77 million, with daily trading volume exceeding 10 billion USD.It is reported that the ValueChain mainnet is expected to officially launch in the fourth quarter of this year. At that time, $SOSO will serve as the native Gas fee and governance token for the network, endowed with new underlying value and practical functions.
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