Bloomingbit Newsroom

Hey hey hey hey hey

Mouse Copy > Paste / Keyboard Copy > Paste Mouse Copy > Keyboard Paste Keyboard Copy > Mouse

ㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇ

ㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇ

mnmnmnmnmnmnmn

Lara Lalalala Lalalalala Lalalala Lalalalalala Lalala

Yap Yap Yap

First, write the article Then do it like that

ㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇ

It is said to have been done that way.

edge ??? edge ??? edge ??? edge ??? edge ??? edge ???

edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???edge ???

ㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇㅁㄴㅇ

Subtitle gggggg

Hello, this is it

ㅇㅇㅇ

Interest in artificial intelligence (AI) is growing daily, and there is a recent trend of cryptocurrency projects attempting to combine AI with blockchain. Among AI-related cryptocurrency projects, the most representative type is decentralized graphics processing unit (GPU) projects that rent out GPUs. Decentralized GPUs are a type of decentralized physical infrastructure network (DePIN), which involves uploading unused computing power to the blockchain and renting it out to developers or startups that need computing power. EdgeMatrixChain (EMC) is one of the DePIN projects that offer GPU rental services. However, it is differentiated from other GPU rental DePINs by its ability to provide DeFi and creative platforms using a Layer 1 blockchain. Previously, in August, EMC secured a total investment of $20 million from VCs such as P2 Ventures and Amber Group for the development of its Layer 1 blockchain. Why is Decentralized GPU Needed? Decentralized GPU projects have emerged as a solution to the GPU acquisition problem, which is currently the most important issue in the AI industry. Since the emergence of Open AI's Chat GPT, there has been a surge in AI development, leading to a sharp increase in GPU demand, while supply remains insufficient. As a result, high-performance GPUs used in AI development are now priced at the level of a car. While big tech companies like Meta and Microsoft have no issues purchasing expensive GPUs, startups and individual developers face ongoing cost challenges. The demand for GPUs can be seen in Nvidia's third-quarter report, which effectively monopolizes the GPU market. Nvidia reported that its revenue and net profit for the third quarter surged by 94% and 106%, respectively, year-on-year, reaching $33.16 billion and $19.39 billion, exceeding market expectations. Decentralized GPU DePINs are establishing themselves as an alternative that can significantly reduce the cost of GPU computing resources. Binance highlighted in its first-half report this year that "as interest in AI grows, the cost of computing resources like GPUs has increased," and "decentralized GPU DePINs have emerged as a cost-effective alternative." There is also hidden demand for decentralized GPUs, particularly from Chinese AI developers sanctioned by the United States. According to the Wall Street Journal, Chinese AI developers have turned to decentralized GPUs as an alternative after being blocked by Amazon Web Services. The Wall Street Journal cited EMC as an example, noting that decentralized GPUs, with features like anonymity through smart contracts, are becoming an attractive option for Chinese AI developers. EMC, a One-Stop Platform for AI As mentioned earlier, EMC is a project that rents out the computing power of GPUs. To this end, EMC has currently secured 274 nodes on its blockchain and registered over 3,000 GPUs. The GPUs provided by EMC include Nvidia A100, GeForce RTX 4090, and GeForce RTX 3090. Among them, the 'SuperPOD,' a cluster made by assembling 1,024 'Nvidia H100' GPUs, is considered EMC's strength. Previously, EMC participated in Token 2049 in Singapore to showcase a live demo of the SuperPOD. In addition to renting out EMC GPUs, various AI-related services are being provided to users. First, EMC is conducting a platform business that allows users to develop AI more easily and turn it into content. The EMC AI platform, EMC HUB, includes ▲ AI agent Jarvis Bot that can generate various content, ▲ creative work trading application OmniMuse, and ▲ 3D content creation application ZoZo World. In addition to these contents, EMC has also focused on building a network suitable for AI usage. Specifically, EMC has implemented technologies such as smart routing and data caching to achieve low latency and high transaction throughput on the network. EMC stated, "EMC aims to become a platform that encompasses almost everything in the AI field," and "developers will be able to smoothly test and launch their AI models within the EMC network." Moreover, EMC is also providing DeFi services using GPUs. Currently, anyone can purchase the computing power of Nvidia H100 GPUs in token form within EMC, and by staking it through EMC's DeFi, they can earn an annual additional income of about 2.7~7.1% depending on the period. Currently, about 2.6 million EMC tokens are staked in this DeFi service. According to CoinMarketCap, EMC tokens are trading at $0.079 as of 10 a.m. on the 6th, down 4.91% from the previous day. Approximately 30 million EMC tokens are currently in circulation, accounting for 3% of the total supply (about 1 billion). The market capitalization is around $2.37 million. Meanwhile, according to EMC, it generates an annual income of about $15 million by providing these services. Although the business scale cannot be considered large yet, the outlook for decentralized GPU projects is generally positive. Data analytics firm Nansen, in a report published with MetaStreet, predicted that "considering DeFi income from GPU rental services, tokenomics, and GPU rental revenue, the total revenue of these services could surge by at least 30% to a maximum of 200%."

National Assembly Speaker Woo Won-shik expressed his stance on the current martial law situation through a statement. Speaker Woo stated, "I have not been informed about the President's visit to the National Assembly," and added that security arrangements should be prioritized if such a visit were to occur. He further requested, "If there are plans to visit the National Assembly, please postpone them." He emphasized, "I am confronting the current situation with the determination to protect the people and democracy," and stated, "A second martial law will not be tolerated." He continued, "If, by any chance, the wrong decision to declare martial law is made, the Speaker and the members of the National Assembly will risk everything to prevent it," stressing, "We will surely defend the National Assembly and protect the people and democracy." He also urged the military and police not to engage in actions that violate the Constitution. Speaker Woo remarked, "The military's immediate withdrawal following the resolution demanding the lifting of martial law demonstrates the maturity of the military," and stated, "The military and police must not abandon their positions as defined by the Constitution." He further emphasized that they should not follow orders that deviate from the Constitution and must uphold the honor of their uniforms.

Han Dong-hoon, leader of the People Power Party, directly explained his shift in stance from opposing the impeachment of President Yoon Seok-youl. In an interview with CNN released on the 6th, Han stated that President Yoon "must be immediately suspended from duty to protect the nation from serious danger." Previously, Han had expressed a critical view of President Yoon's declaration of martial law but maintained a party line of "opposition" to impeachment. CNN interpreted Han's change of stance as "a dramatic reversal signaling support for the opposition's impeachment efforts," noting that the leader of South Korea's ruling party called for President Yoon's immediate suspension to save the country from 'great danger.' It was also reported that Han changed his position after receiving 'credible evidence' that President Yoon ordered the arrest of key politicians, including himself, during the martial law declaration on the 3rd. After shifting to a supportive stance on impeachment, Han stated, "If President Yoon continues to hold office, there is a significant risk that extreme actions like the recent martial law declaration could be repeated, posing a grave threat to the Republic of Korea and its people." Han mentioned that he was "not informed in advance" about President Yoon's martial law declaration, learning about it through televised broadcasts like the rest of the nation, and was greatly shocked. "My first thought was, 'This is a serious problem,'" he said. He continued, "As the leader of the ruling party, I felt a responsibility to correct the situation," explaining that he rushed to the party office, gathered about ten lawmakers, and headed to the National Assembly before the martial law forces could take control. One lawmaker said, "The 18 (ruling party) lawmakers who participated in the vote came because I brought them," adding, "More lawmakers wanted to participate, but the doors were blocked, preventing entry." Additionally, "The swift withdrawal of martial law demonstrates the strength of our country's democracy," he said, "South Korea has a strong tradition of resolving crises democratically and through solidarity. As many have seen, the martial law issue was resolved quickly, showcasing how mature South Korea's democracy is." Kim So-yeon, Hankyung.com reporter 

The Financial Supervisory Service has reportedly demanded measures to prevent recurrence and confirmed compensation for user damages related to the recent cryptocurrency exchange outage caused by the martial law situation. According to the industry on the 6th, the Financial Supervisory Service plans to check whether exchanges compensate for user damages and demand measures to prevent recurrence regarding the outage issue of cryptocurrency exchange applications. It is also known that they plan to inspect whether the Business Continuity Plan (BCP) is well established. Meanwhile, on the 3rd, as martial law was declared, domestic cryptocurrency exchanges such as Upbit and Bithumb experienced delays in app access and transactions.

Source=TradingView There are claims that a temporary correction of Bitcoin (BTC) is a concern. On the 5th (local time), CoinDesk reported, "Bitcoin fell to $91,000 after hitting an all-time high the previous day," stating that it is a "warning indicator that the market has escaped strong bullish momentum." It continued, "Bitcoin call options are currently trading at a volatility premium three times higher than put options," evaluating that "this suggests that optimism about Bitcoin has weakened." Will it disappear?

Solana Surpasses All-Time High Ripple Surges Since Late Last Month Major 'Blue Chips' Breaking Resistance Levels Photo = Shutterstock While Bitcoin is pausing just shy of $100,000, the trading volume and market capitalization of altcoins (cryptocurrencies other than Bitcoin) are significantly increasing. With heightened expectations for an altcoin rebound, there are forecasts that an altcoin cycle is imminent. According to the cryptocurrency industry, on the 25th of last month, global cryptocurrency exchange Bitfinex stated in a research report, "The total market capitalization of altcoins continues its recent upward trend, nearing the all-time high of $984 billion (approximately 1,372 trillion won) in May 2021," and announced, "As investment funds shift from Bitcoin to altcoins, it signals the start of an 'altcoin season.'" The report further analyzed, "In particular, the market capitalization of altcoins excluding Bitcoin and Ethereum has recently surged, showing the largest increase since April 2021," and noted, "Large-cap 'blue chip' altcoins like Solana have broken major resistance levels and reached all-time highs." The report also projected that the momentum of altcoins will be further strengthened with the recent increase in participation by individual investors. According to domestic cryptocurrency exchange Upbit, leading altcoin Ethereum is trading at around 5.05 million won. Solana, ranked 4th in cryptocurrency market cap, has surpassed 330,000 won. Notably, Ripple, ranked 6th in cryptocurrency market cap, has expanded its recent gains and is trading at around 3,723 won. Ripple surged after Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), known as the 'Crypto Grim Reaper,' expressed his intention to resign on the 22nd of last month. With a significant increase in altcoin trading volume, expectations for a rebound are also rising. Cryptocurrency data analysis firm Kaiko stated, "The proportion of altcoin trading volume in the total cryptocurrency trading volume has soared to 74%, hitting a three-year high," and analyzed, "Altcoin trading volume began to surge from early November. Although the cryptocurrency market has been led by Bitcoin, the risk appetite has recently increased." According to Kaiko, the weekly trading volume of the top 50 altcoins by market cap recorded $305 billion (approximately 425 trillion won) in early November, marking the highest level since October 2021. Alex Kuptsikevich, a market analyst at FxPro, analyzed, "After Bitcoin's recent short-term correction, the rebound in altcoins has continued," and noted, "The movement of investors shifting to altcoins like Ethereum has led to a significant rise in the altcoin season index." According to the Blockchain Center, the 'altcoin season' index, a bullish indicator for the altcoin market, rose by 15 to 78 in a week, marking the highest level since March. The altcoin season is considered to have arrived when the index surpasses 75. There is also analysis that the volatility of the altcoin market may intensify for the time being. Cryptocurrency strategist Michael van de Poppe predicted, "The cryptocurrency market is entering a bull market. The value of altcoins relative to Bitcoin is likely to continue its rebound," but also warned, "The revived momentum could lead to increased volatility." Minseung Kang, Bloomingbit Reporter