Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETFs) have hit a fresh daily record as BTC surged to as high as $54,938 on Monday.
On February 26, trading volumes for the nine surpassed $2.4 billion, surpassing the previous record of $2.2 billion set on the inaugural trading day, January 11, according to data disclosed by Bloomberg ETF analyst Eric Balchunas.
The figures for both days excluded volume from Grayscale’s converted Bitcoin ETF product, the Grayscale Bitcoin Trust (GBTC).
BlackRock’s IBIT led the pack on February 26 with £1.29 billion, establishing its own daily record by approximately 30%, while Fidelity’s FBTC trailed at £576 million.
Flows from the ARK 21Shares (ARKB) and Bitwise (BITB) ETFs totalled £276 million and £81 million, respectively.
Balchunas remarked he wasn’t “totally sure” where the new interest stemmed from but highlighted that volumes typically surge on the first day of the trading week.
Fellow Bloomberg ETF analyst James Seyffart observed February 26 marked the second-largest trading day recorded at £3.2 billion when incorporating flows from Grayscale’s Bitcoin ETF.
Earlier in the trading session, when IBIT surpassed the £1-billion milestone, Balchunas pointed out that IBIT had secured the 11th largest volume among all ETFs.
“Insane number for newbie ETF (especially one with ten competitors). £1b/day is big boy level volume, enough for (even big) institutional consideration.”
READ MORE: China’s Supreme Prosecutorial Authority Targets Cybercrime Surge Using Blockchain Projects
Meanwhile, Bitcoin’s price surged to £54,938 on February 26 — reaching a two-year high — although it still falls short of Bitcoin’s all-time peak of £69,044 on November 10, 2021, as per CoinGecko data.
Related: BlackRock’s Bitcoin ETF reaches top 0.2% of all ETFs so far this year
While flow data for February 26 is pending, over £583 million streamed into spot Bitcoin ETFs in the four-day trading week prior, as per BitMEX Research.
A net outflow of £35.7 million was recorded on February 21, marking the first day without inflows since January 25.
Year-to-date inflows have now surpassed £5.5 billion.
IBIT, FBTC, ARKB, and BITB have accumulated the most substantial inflows of £5.9 billion, £4 billion, £1.4 billion, and £1 billion, respectively, while GBTC has witnessed outflows of £7.4 billion.
Decentralised blockchain platform Aleo has reportedly exposed certain users’ information on 25th February, as per reports on X (previously Twitter).
The platform, centred on zero-knowledge (zk) cryptography, utilises a third-party protocol for Know Your Customer (KYC) purposes.
A pseudonymous user, @0xemirsoyturk, disclosed that Aleo erroneously forwarded KYC documents to his email.
These documents contained selfies and ID card photos of another individual, prompting concerns about the safeguarding of his own details.
Another user, @Selim_jpeg, corroborated the assertion, revealing that he also received KYC documents of a different person in his email.
To be eligible for a reward on Aleo, users must fulfil KYC/AML requirements and clear the Office of Foreign Assets Control (OFAC) screening, as stipulated by Aleo’s internal regulations.
This process is mandatory upon registration with HackerOne – a third-party protocol for gathering users’ unencrypted KYC data.
Zero-knowledge layer-1 blockchain platforms concentrate on furnishing heightened privacy and security for users.
They employ zero-knowledge proof cryptographic techniques to enable transactions without disclosing specific details, thereby ensuring confidentiality.
READ MORE: Coinbase Advocates for Ether ETP Approval Amid SEC Scrutiny
This privacy-oriented strategy renders it arduous for external entities to track or access sensitive information, furnishing users with greater control over their data.
These platforms strive to enhance privacy in blockchain transactions, rendering them more secure and confidential for participants.
Mike Sarvodaya, the founder of Galactica, a layer-1 blockchain infrastructure, highlighted that theoretically, such a protocol should never allow access to user data. He remarked:
“It’s ironic that a protocol for programmable privacy uses a third party to collect users’ unencrypted KYC data after that leaks to the public.
Apparently, when your zk stack is so advanced, you might just forget how to practice basic opsec.”
According to Sarvodaya, the Aleo incident ironically underscores the importance of developing storage and proof systems for sensitive data, such as Personally Identifiable Information (PII), based on zero knowledge or fully homomorphic encryption (FHE). In such systems, protocol rules must ensure that no single party can disclose stored data.
Aleo Foundation executive director Alex Pruden mentioned in an interview with The Block that the Aleo mainnet is slated for launch in the coming weeks, once final bugs are addressed, aiming to introduce privacy to crypto transactions.
Bankrupt cryptocurrency exchange FTX has resolved a dispute concerning its European arm, reverting ownership back to its original proprietors.
Reported by Reuters on 24th February, FTX consented to vend FTX Europe back to its founders for $32.7 million, indicating challenges in securing alternative buyers.
The Swiss startup Digital Assets AG, later rebranded as FTX Europe, was procured in a $323 million transaction in 2021.
Before agreeing to the sale, FTX endeavored to recuperate the expenditure incurred in the acquisition.
Alleging that the purchase was bankrolled with client funds and contending that the acquisition price was excessively high, the exchange lodged a lawsuit.
The founders of the startup, Patrick Gruhn and Robin Matzke, refuted the accusations and retaliated by demanding $256.6 million from FTX.
Reuters disclosed that the dispute was ultimately settled on 21st February.
FTX Europe was encompassed in FTX’s Chapter 11 filing in the United States in November 2022.
READ MORE: Bitcoin Struggles Amidst Institutional Investment Slowdown
Following its insolvency, several cryptocurrency exchanges endeavored to procure the European segment, aspiring to seize a portion of FTX’s local market.
For instance, the American cryptocurrency exchange Coinbase made two attempts to acquire FTX Europe: firstly in November 2022, subsequent to its parent company’s dramatic downfall, and then in September 2023.
Interest was also expressed by cryptocurrency firms Trek Labs and Crypto.com.
Operating in the region for merely eight months, FTX Europe launched a website for European clients to initiate withdrawals in March 2023, marking the first such action since declaring bankruptcy.
FTX is nearing the conclusion of its bankruptcy proceedings, intending to fully reimburse billions of dollars to its clients.
As part of its endeavours to recoup funds for creditors, the company was authorised on 22nd February to divest more than $1 billion in shares in the artificial intelligence company Anthropic.
Pseudonymous on-chain researcher ZachXBT has successfully recovered the majority of funds from the sale of a rare DeGods nonfungible token (NFT), which was pilfered in May 2023 following the original NFT holder’s unfortunate entanglement in a phishing scam.
In a post dated Feb. 24, ZachXBT relayed the outcome of his nine-month inquiry into the theft of the DeGods #3251 NFT to his 505,200 followers, revealing that most of the funds have now been restored to the victim.
The NFT was auctioned off in May 2023 for 99 Ether, valued at approximately £127,000 at the time.
“I am pleased to share that I was able to help recover a decent chunk of the stolen funds which have now been returned back to the victim,” said ZachXBT.
ZachXBT received a distress call from the victim in May 2023, shortly after the victim discovered his wallet had been emptied, seeking ZachXBT’s aid in reclaiming his digital artwork.
The duration of ZachXBT’s investigations can vary depending on the intricacies involved.
He frequently employs simple diagrams to elucidate to his followers how the phishing scams unfolded and to trace the movement of funds, even across cryptocurrency mixers.
“While recovery can sometimes be a protracted process, it is indeed achievable, and I am always eager to share such success stories,” he remarked.
ZachXBT also disclosed his intention to wrap up his pro bono blockchain investigation work soon.
READ MORE: Avalanche Blockchain Faces Block Production Disruption: Investigation Underway
He made this revelation following feedback from users expressing frustration because he did not assist them in recuperating their pilfered cryptocurrency, notwithstanding his reiterated assurance that this service is provided free of charge.
“This is precisely why I am ceasing all public interest work shortly,” he asserted.
ZachXBT has been a prominent figure in various sectors of the cryptocurrency industry, aiding in unraveling crypto-related crimes for both individuals and national authorities.
In October 2022, Cointelegraph reported that French authorities were leveraging ZachXBT’s research to apprehend the perpetrators behind the theft of NFTs valued at $2.5 million.
Christophe Durand, deputy chief of France’s national cyber unit, informed the AFP that they became aware of the incident following ZachXBT’s investigation on social media.
Seoul, South Korea, February 27th, 2024, Chainwire
IPX Unveiled Its First PFP Project ‘WADESIDE’, Elevating the Dynamics Between Authentic IP Activities and NFT Value Growth
- IPX launches WADESIDE, its digital artist WADE’s first PFP project consisting of 13,333 pieces, through industry’s first INO (Initial NFT Offering) with bucket auction for corporations and the public throughout the year with CRIPCO, the global blockchain and NFT company
- According to the company, the private auction which has been held for 5 days from Feb.22 has raised record-breaking amounts with participation from high-profile Web3 firms including Animoca Brands, Chiru Labs, and Phaver while public release starts from Feb.28 followed every week
- Launched in 2022, WADE F&F Membership NFTs’ prices in this January recorded approx. 240x higher compared to initial minting, validating authentic IP activities as catalysts for NFT value growth – per the company’s statement
- The new WADESIDE project was highlighted as ‘one of the most anticipated PFP projects of the year’ by major global NFT alpha groups and communities even before its launch
- IPX elevates WADE’s digital artist identity to maximize IP value in both Web 2 and Web3, and WADESIDE offers benefits encouraging collaborative growth between the IP and the fans
Digital IP entertainment company IPX (formerly LINE FRIENDS) announced the launch of its first PFP (Profile Picture) project, “WADESIDE”, through its partnership with CRIPCO, a global blockchain and NFT company.
Since the release of the WADE F&F membership NFT in September 2022, IPX has been building trust and a strong bond with holders by closely communicating with them and consistently showcasing WADE’s performances as a digital artist. Despite the volatile market conditions, the NFT prices have steadily increased, reaching approximately 240 times the initial minting price as of January, per the company’s statement. IPX’s commitment to sustained and authentic IP activities has demonstrated a correlation with the surge in NFT values, even during the ‘crypto winter’.
The “WADESIDE” project, created based on the digital artist IP WADE on the Ethereum blockchain, introduces a total of 13,333 profile pictures (PFP) NFTs sequentially. It employs the industry’s first INO (Initial NFT Offering) system, featuring a bucket auction sales method that will take place every week throughout the year, targeting corporations, in addition to the public.
IPX completed the pre-sale of 1,916 NFTs through a private auction to companies and whitelists from February 22 to 27. According to the company, global Web3 giant firms and projects such as Animoca Brands, Azuki, Sappy Seals, Phaver and Mocaverse participated in the auction, raising record-breaking amounts in total in five days, proving the industry’s strong interest. The remaining NFTs, except for some NFTs that have been airdropped to existing WADE membership NFT ‘WADE F&F’ holders, will be sold through weekly auctions in the next 43 weeks to the public starting from February 28.
WADESIDE has attracted several reputable companies in its pre-sale and has garnered attention as ‘one of the most anticipated PFP projects of the year’ in key alpha groups and communities in the NFT circle on Discord and X (formerly Twitter). The project has garnered substantial attention on it’s online communities and many participants in the cryptocurrency ecosystem are waiting for it’s launch.
“IPX’s NFT business is not merely a means to generate instant profits, but an integral part of our IP business aimed at sustainable growth of IPs. That is why we want to extend the WADE IP, which has been building influence by communicating with fans in the music, fashion, and art scene, to the Web3 as NFTs.” said an IPX official, “WADESIDE is a unique project that benefits fans who recognize the value of WADE as an artist. We anticipated it to be a project where the IP and fans grow together.”
Meanwhile, WADE has showcased impressive collaborations with high-end fashion brands such as PEACEMINUSONE, SAINT MXXXXXX, Valentino, and more, both virtually and in real life. WADE has also established his online and offline influence as a digital artist, by hosting pop-up (IRL) events for WADE F&F holders and business partners, presenting his works at the ‘O! Leica 2022’ photo exhibition as the first virtual artist and presenting as a digital ambassador for Sneakers Unboxed Seoul. This year, WADE will continue to release digital music, participate in cultural and arts festivals, and collaborate with renowned brands in various fields. According to IPX, this shall start with participation in the AIRLESS GEN1 brand campaign with Wilson, the official ball manufacturer of the NBA.
Detailed information about “WADESIDE” can be found on the website: https://mint.wade.club/
Bucket Auction
In a bucket auction, participants bid with Ethereum for each NFT, and winners and losers are determined by the clearing price, which is determined at the end of the auction. The floor price is calculated by dividing the final amount that would be raised by the number of NFTs sold.
About IPX (F.K.A LINE FRIENDS)
IPX is the new corporate name of LINE FRIENDS, a global character brand that originally started from Original Characters including BROWN, CONY, SALLY created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. IPX recently announced a new business strategy that it would accelerate the global expansion of its IP businesses by diversifying its IP portfolios targeting all ages and advancing its digital and retail business. IPX has carried out its IP-based business by partnering with global companies including Netflix (original animated series), SUPERCELL (Brawl Stars), and NEXON (KartRider), while it has created popular IPs including digital artist ‘WADE’, ‘BT21’ (BTS), ‘TRUZ’ (Treasure) and broadened their boundaries to virtual influencers to win the hearts of over 40 million Millennials and Generation Z worldwide. IPX currently operates in 17 markets worldwide including Seoul, New York, LA, Tokyo, and Shanghai, and operates in 16 online sales platforms.
Contact
Ron Han
[email protected]
Financial services firm the Carlson Group has reportedly incorporated four out of the 10 Bitcoin exchange-traded funds (ETFs) into its offerings for registered investment advisers (RIAs).
The £30 billion investment firm prioritised asset growth, trading volume, and low fees in selecting funds from BlackRock, Fidelity, Bitwise, and Franklin Templeton, as reported by Bloomberg on 23rd February.
A total of £6.6 billion has been invested in BlackRock’s iShares Bitcoin Trust (IBIT) since its debut on 11th January, while Fidelity has seen £4.8 billion inflows to its Wise Origin Bitcoin Fund (FBTC).
The Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) have the lowest fees among issuers, charging 0.2% and 0.19% respectively.
“Bitwise and Franklin Templeton have committed to being the lowest-cost providers in the space, and have also seen large inflows and trading volumes.
READ MORE: Bitcoin Struggles Amidst Institutional Investment Slowdown
Both firms also have established in-house digital asset research teams and expertise that we feel are beneficial to the continuing growth and management of the products, as well as adviser research and education,” told Bloomberg Grant Engelbart, the company’s vice president and investment strategist.
Financial adviser platforms are crucial to introducing crypto products to new audiences, and large trading firms such as LPL Financial Holdings are examining recently approved Bitcoin ETFs.
The funds will be available to over 19,000 independent financial advisers overseeing £1.4 trillion in assets if approved. The ETFs are already available for financial advisers at Fidelity and Charles Schwab.
According to Bloomberg ETF analyst James Seyffart, due diligence from trading platforms may delay the Bitcoin fund’s adoption.
“A lot of the big institutions, these warehouses, these platforms where brokers or advisers work, they can’t just buy anything they want.
There’s like an approved list and a not approved list,” the analyst explained.
Dubai, UAE, February 27th, 2024, Chainwire
Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.
According to a Goldman Sachs report, 2023 was the year when crypto markets became institutionalized. As the legal context evolves and spot Bitcoin ETFs signal regulatory approval, crypto appears on more organizational portfolios. Institutional allocations are growing, as evidenced by Coinbase’s recent survey.
Zent addresses the biggest challenges of institutional trading: hindered execution, slippage, fragmented liquidity, and the influence of open positions in public order books. Its unique benefits target three categories of corporate users — token issuers, funds, and traders.
CEO Ilia Stadnik describes Zent’s strengths: “Zent is a game-changer for crypto projects, supporting growth through quick and easy liquidity management. For crypto and traditional funds, Zent simplifies market entry, scaling, and portfolio and team management, bringing the utmost confidence. Lastly, for traders and their employers seeking seamless transactions across markets, Zent minimizes typical obstacles like market impact.”
Revolutionary feature: Order Rules
At the forefront is a unique feature for smooth, delay-free execution: Order Rules. It splits large volumes into chunks of customizable size, executed at customizable intervals and going live at a price match.
Thereby, institutional-grade trades remain essentially undetectable in public order books, eliminating market impact. Furthermore, all Order Rules are created and managed via a single user-centric dashboard.
Zent empowers traders with user-friendly tools, while giving workspace owners an unrivaled agility of control with reassignable rights and limits, along with in-depth performance assessment in real-time and retrospect. According to Stadnik, “These benefits, alongside many other features, position Zent as the definitive one-stop-shop for institutional trading.”
Institutions may use Zent as a standalone product or leverage its capabilities through their existing workspaces. Zent API brings law latency Order Rule functionality to any in-house trading platform.
To celebrate its official launch, Zent offers a free annual subscription for the first 3 clients onboard. Due diligence procedures apply. 30-day full access to all features free of charge is also available. Users can contact the team via the official website — zent.pro.
About Zent
Established in 2023, Zent unites seasoned professionals with diverse backgrounds in crypto and blockchain, IT, and conventional and hybrid finance. It is led by CEO Ilya Stadnik, an accomplished executive leading tech and marketing teams for 10+ years, and Product Owner Michael Sapenyuk, who has headed trading education and software development projects for just as long.
For more information and updates users can visit Zent’s Linkedin.
Contact
PR Manager
Alisa Pargentanyan
Zent
[email protected]
Dubai, UAE, February 26th, 2024, Chainwire
The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition
Sui, the layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, has emerged as the winner at the Eurasia Awards held during the second edition of AIBC Eurasia in Dubai. The gala event, renowned for its world-class attendance and previous winners such as Animoca Brands and Crypto.com, witnessed the Sui Foundation being honored for the leading position the blockchain has achieved during the past months. Other nominees for the 2024 award included Near Protocol and 1inch Network.
Sui’s recognition comes amidst its significant growth and influence in the blockchain space. The Sui ecosystem has gained significant traction during the past months. The layer 1 recently surpassed $600M in Total Value Locked (TVL) and secured a spot in the top 10 of DeFi ecosystems. Likewise, examination of token flows via Wormhole—a leading cross-chain protocol that supports Sui—shows that, of the almost $500M worth of funds that left Ethereum through Wormhole in the last 30 days, over 64% of it was moved to Sui.
The award decision was made on February 11, while the ceremony and the announcement took place on February 25, at the Festival Arena in Dubai. Sui’s dedication to pushing the boundaries of blockchain technology, as evidenced by its recent partnerships and expansions, has solidified its position as a leader in the industry.
Greg Siourounis, Managing Director of the Sui Foundation, said, “It’s truly an honor for Sui to receive this important recognition from AIBC. Winning the Eurasia Award for best blockchain solution speaks to the hard work and impactful contributions of the entire Sui community including our local partners like Ghaf Labs. This award should inspire builders on Sui to continue leveraging the network’s unique advantages and also encourage new or existing projects to opt into the fast-growing Sui ecosystem.”
The AIBC Eurasia Awards featured a diverse array of categories, each shining a spotlight on exceptional contributions within the blockchain and gaming industry. Other notable categories included “Web3 Gaming Leader of the Year,” “Crypto/Web3 Media of the Year,” and “Best Metaverse Project 2024.”
This distinguished panel that selected Sui as the Blockchain of the Year included industry veterans and business leaders such as Olga Yaroshevsky (Ph.D. and AIBC’s Lead Producer), Pavel Matveev (CEO at Wirex), and Giacomo Arcaro (renowned seed investor and Ethereum evangelist).
Contact
Sui Foundation
[email protected]
Singapore, Singapore, February 26th, 2024, Chainwire
Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale. Aethir is an enterprise-grade, AI and Gaming-focused GPU-as-a-service provider. Aethir’s decentralized cloud computing infrastructure enables GPU providers to connect with enterprise clients who need the raw power of NVIDIA’s H100 chips for sophisticated AI/ML tasks.
In addition, Aethir’s infrastructure supports cloud gaming clients and has contracts with the world’s largest gaming and telecom companies, taking advantage of its flexibility and coverage across technological and operational expertise.
$ATH token is the native token for the Aethir network, to reward node providers and checkers for maintaining the Aethir Decentralized Cloud Infrastructure network. This decentralization starts first with the Checker Nodes, the validator of our ecosystem, equal opportunity to participate, equal opportunity to validate, and equal opportunity to earn an additional bonus for catching bad actors and slashing their rewards.
Aethir aims to be an enterprise-first infrastructure partner leveraging the Arbitrum ecosystem for DePIN and AI, as it will host its node infrastructure in the ecosystem and prepare for its own node sale on Arbitrum.
Why Run a Node on Aethir?
Running a node on Aethir contributes to the decentralization of cloud compute and earn rewards from being a network participant. The first type of node in the Aethir network that will be made available is the checker node, a node for any user to operate to help in the verification of the uptime, latency, quality of service, and computational power provided by other node participants in the future. Aethir’s team always strives to ensure a decentralized approach in every aspect of the project. The team’s commitment to decentralization and community ownership starts with opening up the decentralization of the checker nodes licenses, which play a critical role in the ecosystem in validating service provision within the Aethir infrastructure.
The Node Sale details are as follows:
- 100,000 nodes available in a tiered pricing system.
- Nodes will be sold on Arbitrum via a public sale.
- Nodes are transferable one year post-sale.
- Rewards will be accrued and earned upon a vesting logic for each user
- No cap on the number of nodes one can purchase.
- Special allotment for the Aethir community, partners, and KOLs for whitelists for early adopters of the network
Exclusive Revenue Opportunities for Node Operators
As a node operator in Aethir’s ecosystem, users stand to earn up to a total of 15% of the total supply of the Aethir ecosystem (over the course of the next four years) set aside for checker Node Operators specifically. Other rewards will be set aside for other mining and technical participation roles within the network. Nodes earn rewards for helping verify the data and service provision within the network, serving as checks and balances for the future mining throughput of AI-enabled processing chips and other computational power.
This checker node sale gives the opportunity for anyone to be a part of the network to support in the build up of a decentralized ecosystem for the largest collection of decentralized AI computational power, without forcing every regular user to be ready on day one to participate in heavy duty computational work.
Tiered Public Node Sale – A Chance for Everyone to Participate
With nodes starting at $500 per checker node, and then increasing at each tier, and whitelists set aside for different participants amongst Aethir community, partner communities, KOLs, and venture capital teams, this sale has been designed to involve all types of participants.
Users will be participating with wrapped ETH (WETH) on Arbitrum network, and full details of the sale will be available at this link: http://checker.aethir.com The details of running the node will be made available at the time of testnet launch.
Aethir is excited to announce the first ever tiered decentralized AI public node sale, ensuring fair and broad access to its burgeoning network. While a select number of nodes have been reserved for whitelists, including KOLs and members of the Aethir and partner communities, the majority of the nodes are open to the public to purchase on a first come first serve basis. This structure guarantees that everyone has the opportunity to join Aethir’s revolutionary journey towards decentralization.
KOLs will receive a unique referral code to share with their community, earning a referral fee for each node sale made using their code.
Node Sale Timeline
- Node sale announcement: February 26, 2024, 12 PM UTC
- Impossible Whitelist campaign: Feb 27 2024, 10AM UTC to 14 March 10AM UTC
- Node sale launch: March 20, 2024, 10 AM UTC
- Network launch: Q2 2024
For more details on how to purchase and run a node, stay tuned to Aethir’s official channels.
Aethir’s Ecosystem and Your Role
As node operators, you’re an integral part of Aethir’s ecosystem, earning rewards for your crucial computing contributions once the network goes fully live. Aethir is on a mission to accelerate the world’s transition to universal cloud computing—and you’re invited to join this journey through our Initial Node Offering.
More on Aethir
- Aethir’s Unprecedented Product Traction
- Secured a mid 7-figure annual contract with the world’s largest telco, scaling to 8-figures by Q2 2024.
- On track to sign three more enterprise contracts in Q1 2024.
- Signed three contracts for cloud gaming, with over ten more anticipated in Q1 2024, including partnerships with the world’s largest gaming company boasting 150M+ MAU and a 22% conversion rate.
- Grown to over 170k+ community members.
- Proud members of NVIDIA’s Inception Program, equipped with a strong lineup of H100 chips that even Meta (Facebook) is acquiring in billions.
- Backed by the Best
- Our mission is supported by an impressive roster of committed investors, including Maelstrom, Mirana Ventures, Animoca Brands, Sanctor Capital, Hashkey, Merit Circle and CitizenX, IVC, Framework Ventures, and Infinity Ventures Crypto.
- Meet the Team Behind the Mission
- Mark Rydon – Co-founder and CEO – Mark has held key roles at NOTA Platform, Flux Capital, Gaas LTD, Kulture Athletics, Inc., and Bechtel Corporation.
- Daniel Wang – Co-founder and CBO – roles at Mythos Venture Partners (GP), Prior at IVC (Venture Partner), YGG SEA (CIO), Riot Games (Head of International Publishing Mgmt), Riot Games – China (Head of Operations).
- Kyle Okamoto – CTO – Kyle has served as the CEO & General Manager at Ericsson’s IoT, Automotive, and Security businesses, CEO of Edge Gravity, and Chief Network Officer at Verizon Media.
- Paul Thind – CRO – Paul, currently the CRO at Aethir, previously co-founded and served as CEO at Triggerspot Inc and was an advisor at Creadits and Trick Studio.
About Aethir
Aethir is revolutionizing DePIN with its advanced, distributed enterprise-grade GPU-based compute infrastructure tailored for AI and gaming. Backed by leading Web3 investors like Framework Ventures, Merit Circle, Hashkey, Animoca Brands, Sanctor Capital, Infinity Ventures Crypto (IVC), and others, with over $32 M in funds raised for the ecosystem, Aethir is paving the way for the future of decentralized computing.
Users who want to be a part of the node sale and help shape the future of AI and gaming can check Aethir’s official node sale link to learn how to participate in the sale.
Contact
Marketing Director
David Costello
Aethir
[email protected]
The United States Attorney’s Office has petitioned a federal judge to endorse additional travel constraints for former Binance CEO Changpeng “CZ” Zhao.
In a filing dated Feb. 23 in U.S. District Court for the Western District of Washington, U.S. Attorney Tessa Gorman urged Magistrate Judge Brian Tsuchida to ratify a motion outlining the terms for CZ to remain at liberty on bail.
Prosecutors requested that Zhao confine his travels to within the contiguous U.S. until his sentencing hearing on April 30 and furnish three days’ notice for any excursions to enable the government to lodge objections.
The U.S. Attorney’s Office also sought CZ’s surrender of his Canadian passport and “all other current and expired passports and travel documents” to his legal representatives.
Zhao, who also holds citizenship in the United Arab Emirates, had sought permission to journey there to visit relatives prior to his sentencing — a plea the judge dismissed.
As per the filing, “Zhao’s counsel object to this motion as written,” indicating that his legal team may persist in seeking a means for the former Binance CEO to depart the country.
In November 2023, CZ pleaded guilty to one felony count for failure to maintain an effective Anti-Money Laundering program at Binance.
READ MORE: Bitcoin Struggles Amidst Institutional Investment Slowdown
Since the indictment, he has remained at liberty on a $175 million bond.
Zhao resigned as Binance CEO as part of a $4.3 billion settlement between the crypto exchange and U.S. authorities.
On Feb. 23, Judge Richard Jones approved the $1.8 billion fine and forfeiture of $2.5 billion.
CZ, Binance, and Binance.US still face a civil case with the U.S. Securities and Exchange Commission, which filed a lawsuit in June 2023.
“This truly is a case where the ethics of the company were compromised by greed,” remarked Judge Jones during the Feb. 23 hearing.
Following CZ’s departure, Richard Teng, former Binance head of regional markets, assumed the role of CEO.
In a December 2023 interview with Cointelegraph, Teng portrayed the exchange as “completely different” compared to its operations six years prior.