The partnership between German automotive giant BMW and robotics company Figure AI is set to transform the landscape of automotive manufacturing. Figure 02, the latest humanoid robot from Figure AI, has been operational at BMW’s production facility, showcasing significant advancements. In a recent update, it was revealed that Figure 02 now operates four times faster, marking a major leap in robotics performance.
Figure 02 Just Got Faster
According to a company statement, Figure 02 has achieved a 400% speed increase and a sevenfold improvement in accuracy on the production line. In a newly released video, the humanoid robot is shown placing 1,000 parts per day with remarkable precision. Brett Adcock, founder and CEO of Figure AI, highlighted that as more robots are deployed and more data is collected, the underlying artificial intelligence models will continue to improve, further enhancing the robot’s performance.
One of the video highlights includes Figure 02 autonomously placing a high-precision sheet metal on a pin post less than 1 cm wide. Adcock emphasized the complexity of this task, noting the need to reduce the processing time by four minutes and eliminate any margin of error during the operation.
“This task was at least ten times more difficult than the stationary tabletop manipulation tasks we had previously demonstrated,” Adcock explained. The robot demonstrated exceptional ability in gripping and precisely placing difficult-to-control metal parts without colliding with the fixing points.
The Advanced Features of Figure 02
Figure 02, introduced just three months ago, represents a significant redesign of both hardware and software. It integrates advancements in artificial intelligence, computer vision, batteries, electronics, sensors, and actuators. The robot’s human-like capabilities include:
Natural Language Communication: Equipped with built-in microphones and speakers connected to custom AI models developed in collaboration with OpenAI, enabling seamless interaction with humans.
Human-Scale Hands: With 16 degrees of freedom, these hands allow for a wide range of human-like tasks.
BMW and Figure AI Collaboration
The collaboration between BMW and Figure AI began earlier this year, with the first tests conducted at BMW’s Spartanburg factory. Figure 02 has already demonstrated its potential to streamline production processes, significantly increasing speed and accuracy in tasks that were previously deemed highly challenging.
As the integration of humanoid robots like Figure 02 continues, the partnership between BMW and Figure AI is expected to set a new standard in manufacturing efficiency and innovation.
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Published: November 25, 2024 at 7:00 am Updated: November 25, 2024 at 7:00 am
by Ana
Edited and fact-checked:
November 25, 2024 at 7:00 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
Bitcoin nears $100K with strong institutional demand and record inflows, Ethereum sees growing adoption and dApp activity despite whale sell-offs, and Toncoin surges with major integrations and rising market prominence, all signaling continued bullish momentum in the crypto market.
Bitcoin News & Macro
As ever, Bitcoin is stealing the spotlight this week, turning heads all across the market. Spot Bitcoin ETFs pulled in a jaw-dropping $1.7 billion in fresh inflows, marking the sixth straight week of gains and pushing total assets under management to $95.4 billion. So, institutional demand is clearly on the rise.
Source: SoSoValue
At the same time, Bitcoin smashed through the $99,000 barrier, posting a record 40% monthly candle. The rally is largely driven by the promise of a crypto-friendly U.S. administration under President-elect Donald Trump. Analysts are buzzing with talk of six-figure valuations before the year wraps. Overall, liquidity is pouring into the market as stablecoin inflows hit a record $9.7 billion this month.
Source: Leon Waidmann
Regulators are also adding to the narrative. The Commodity Futures Trading Commission (CFTC) endorsed tokenized trading collateral in a recent report. This could make Bitcoin a game-changer for fixing inefficiencies in traditional markets.
Source: CFTC
Still, not everyone is jumping on the moonshot bandwagon just yet. On-chain metrics are flashing yellow, with elevated funding rates and large whale movements hinting at a possible local top.
Source: VanEck
The market’s mood remains upbeat, but seasoned traders know it’s wise to keep one eye on the risk dashboard as this rally unfolds.
BTC Price Analysis
In terms of price action, Bitcoin spent the week grinding just below the critical $100,000 mark, consolidating after the recent explosive rally.
Source: TradingView
On the daily chart, price action has been locked in a range between $96,500 and $99,000, with buyers consistently defending the $96,500 level. This support aligns with the 20-day EMA, highlighting bullish control of the trend. Last week’s breakout above $92,000 flipped a key resistance zone into support, setting the stage for a potential push into uncharted territory.
Source: TradingView
Zooming into the 4-hour chart, Bitcoin has carved out a horizontal channel, showing clear signs of accumulation around $96,500. The upper boundary at $99,000-$100,000 has acted as a magnet for profit-taking, but long lower wicks suggest dip buyers are stepping in aggressively. The consolidation has a bullish flag feel, hinting at another leg up if the $100,000 resistance is breached. However, lingering RSI divergence and a breakdown below $96,500 could spark a retracement toward $92,000. All eyes remain on whether the bulls can reclaim $100,000, a move that could ignite FOMO and send BTC soaring further into blue-sky territory.
Ethereum News & Macro
Ethereum also made waves this week, holding its ground despite a hefty $1.3 billion whale sell-off. The market’s vibe is clear: confidence in Ethereum’s upward momentum is building fast.
Source: Lookonchain
On the adoption front, Ethereum’s DApp ecosystem is on fire, with activity jumping 38% in just a month.
Source: DappRadar
This surge underscores growing traction across decentralized platforms, fueling chatter about a potential price breakout.
Adding fuel to the fire, ZA Bank – Hong Kong’s largest virtual bank – is now letting retail users trade Ether and Bitcoin. This move could channel fresh liquidity from Asia straight into the ETH market.
That said, the ride may not be smooth. Analysts warn a price correction could hit before Ethereum rallies to a projected $20,000 peak by 2025. Still, institutional and retail interest – dubbed “smart money” – is staying strong, giving ETH a sturdy foundation. While near-term volatility looms, the mid-term outlook paints a bullish picture.
ETH Price Analysis
Ethereum has also flexed its bullish muscles this past week, rallying from the $3,160 support after a tight consolidation phase.
Source: TradingView
Early on, ETH moved sideways between $3,160 and $3,200, signaling accumulation as buyers absorbed selling pressure. A breakout soon followed, with a bullish engulfing candle driving the price past $3,300 and up to $3,420. The move formed an ascending channel, showcasing a steady, controlled uptrend. Daily closes above the 20-EMA reinforced the bullish structure, while the 4H chart’s 50-EMA provided consistent dynamic support.
Source: TradingView
Now, ETH is testing resistance near $3,400-$3,420, consolidating with smaller-bodied candles as the market takes a breather. A daily close above this level could clear the path to $3,500 and higher, while a rejection might send prices back toward the $3,160-$3,200 zone. The RSI on the 4H chart remains bullish, leaving room for further upside without signs of exhaustion. With strong demand and limited sell-offs, Ethereum’s medium-term outlook remains upbeat, signaling that buyers are firmly in control.
Toncoin News & Macro
The TON ecosystem has been buzzing this past week. A standout move was the integration of TON’s on-chain data into Arkham, which is set to give traders and institutions sharper tools to dissect trading activity and track large transactions.
Source: Arkham
Another big headline came from NEUTON Protocol, a TON-based project backed by none other than NVIDIA. With a token presale kicking off at rock-bottom prices and upcoming listings on exchanges like BitMart, CoinDCX, and MEXC, this is a clear signal that heavyweight players are starting to take TON seriously. NVIDIA’s involvement lends credibility and could spark fresh demand for Toncoin as investors take notice.
Source: NEUTON
On the DeFi front, TONCO’s debut as the first decentralized exchange on TON marks a pivotal moment. Supported by Algebra Labs, it comes with concentrated liquidity pools and a lof of promise for the TON ecosystem.
Source: TONCO
Capping it all off, Toncoin claimed the fourth spot among the most trafficked blockchains globally – a testament to its rising prominence.
Source: CoinMarketCap
This surge in visibility reinforces TON’s credibility and could translate into stronger market sentiment.
TON Price Analysis
On the price front, TON had a breakout week, with bullish momentum reclaiming key levels and driving prices higher.
Source: TradingView
Early consolidation around $5.50 set the stage for an ascending triangle breakout on both the daily and 4-hour charts, sparking a rally that smashed through $6.00 and peaked at ~$6.40. Strong buying volume fueled the move, signaling real demand, while the daily EMAs confirmed the uptrend as the price stayed above both the 20-EMA and 50-EMA. After the rally, a textbook pullback retested $6.00 as support, holding steady and reaffirming buyers’ control.
Source: TradingView
Now, TON is consolidating near $6.20 in what looks like a bullish flag, hinting at a potential push toward the $6.40-$6.60 zone. The reclaim of $5.50 as support and the solid defense of $6.00 have flipped the market structure bullish, setting up a strong base for further gains. If $6.00 holds, the trend remains firmly in favor of the bulls, with dips likely to attract buyers. A breakout above $6.40 could ignite the next leg up, while a slip below $6.00 may invite retests of lower levels like $5.50 – but overall, the momentum is clearly leaning upward.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria d’Este
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
The volatile world of cryptocurrencies offers investors a thrilling adventure, balancing the fine line between great risks and potential returns. In this article, we’ll explore the seven most significant market crashes in the history of the cryptocurrency world.
1.Bitcoin’s First Major Blow in June 2011
The year 2011 marked Bitcoin’s entry into the mainstream. Prices skyrocketed from $2 to $32, giving early investors a glimmer of hope. However, on June 19, Mt. Gox, the largest Bitcoin exchange at the time, announced that it had been hacked, resulting in the theft of hundreds of thousands of dollars’ worth of Bitcoin. The announcement sent shockwaves through the market, causing Bitcoin’s value to plummet below $1, leaving many investors devastated.
2.The Ponzi Scheme of August 2012
In 2012, a cleverly crafted Ponzi scheme promised investors an unbelievable 7% weekly return. The scammer behind the scheme managed to steal approximately 700,000 Bitcoins before disappearing. This incident fueled another wave of panic in the crypto markets, shaking investors’ trust in the ecosystem.
3.Bitcoin’s Success Leads to a Crash in April 2013
By 2013, Bitcoin was gaining traction in the media and attracting a surge of new investors. The price soared to $260, but the surge in demand overwhelmed the Mt. Gox exchange, leading to its technical collapse. Hackers took advantage of the chaos, causing the exchange to shut down completely. As a result, Bitcoin prices plummeted to $50 almost instantly.
4.China’s Bitcoin Ban in December 2013
In December 2013, the Chinese government officially banned Bitcoin, triggering a massive sell-off. The market experienced a dramatic 50% price drop, causing widespread losses and reinforcing the notion of regulatory risks in cryptocurrencies.
5.The 2017 Bubble Burst
Bitcoin reached an all-time high of $20,000 in December 2017, driven by unprecedented interest from retail investors. However, this rapid climb proved unsustainable. On December 27, 2017, the bubble burst, leading to a steep decline. Bitcoin’s value tumbled from $20,000 to below $12,000, marking one of the sharpest corrections in its history.
6.The Pandemic Crash in March 2020
The onset of the global COVID-19 pandemic in March 2020 caused widespread panic in financial markets, and cryptocurrencies were no exception. Over the course of just two days, Bitcoin lost half its value, dropping to as low as $4,000.
7.The May 2021 Sell-Off
In May 2021, Bitcoin reached an all-time high of $64,000. However, several factors, including Elon Musk’s Tesla announcing it would no longer accept Bitcoin payments, China’s tightened regulations, and debates over Bitcoin mining’s environmental impact, led to a sharp correction. Bitcoin’s value plunged by over 50%, sending shockwaves across the market.
Lessons from Crypto’s History
These crashes highlight the high-risk nature of cryptocurrency investments. While the potential for returns is undeniable, investors must remain vigilant and prepared for significant volatility. As history has shown, the crypto market’s highs can be meteoric, but its lows can be just as dramatic.
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Google has announced that it is equipping its artificial intelligence assistant, Gemini, with the capability to operate directly within applications. This groundbreaking feature, currently in development, is poised to significantly enhance the functionality of digital assistants. As part of this update, the Android 16 developer preview introduces a new “app functions” API, enabling Gemini to perform specific tasks within apps. This feature is similar to the “app intentions” API unveiled by Apple in iOS 18, which allows smart assistants to operate more efficiently. With these updates, Google Gemini will soon be able to interact with apps on behalf of users.
Google and Apple’s Rivalry in Empowering Smart Assistants
According to Google’s developer site, application functions are defined as “the functionality that an application offers to the system.” These functions are designed to integrate seamlessly with various system features. For instance, Gemini will allow users to order food from a restaurant without even opening the app. Meanwhile, Apple is also testing a comparable feature for its assistant Siri in iOS 18, set for release in 2025. Siri’s update will introduce capabilities like ordering food or completing app-specific tasks on behalf of users, ensuring direct competition with Gemini.
The Future of Smart Assistants
The advancements by Google and Apple signal a major leap forward in the functionality of smart assistants. These features aim to empower users by automating repetitive tasks and enhancing convenience. Both companies are paving the way for a future where AI assistants can perform a vast range of operations seamlessly within apps, redefining the user experience.
By integrating these innovative features, Gemini and Siri are evolving into indispensable tools that promise to revolutionize how users interact with technology.
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Published: November 22, 2024 at 11:00 pm Updated: November 22, 2024 at 11:17 am
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The recent predictions concerning the Shiba Inu price have excited SHIB holders. This is because market analysts are foreseeing the Shiba Inu price to rise past $0.5. However, they have identified another altcoin with even better prospects—WallitlQ (WLTQ). The WallitIQ (WLTQ) altcoin has been predicted to rally by 70,000% in the next few days— a quicker timeline compared to the Shiba Inu price.
Shiba Inu Price Prediction: SHIB To Break Past $0.5
The Shiba Inu price has achieved quite a milestone since its inception; its massive surge in 2021 is noteworthy. However, market sentiments have since affected the token, and it has considerably dropped over time.
The Shiba Inu price is set to see a huge value increase due to a couple of factors. The token is one that is driven by market sentiments. Hence, the recent crypto market recovery following the just concluded US elections has considerably affected activities in the SHIB market, which will, in return, push the Shiba Inu price.
Undoubtedly, the Shiba Inu price could see a move from its current value of $0.00002385. Market analysts are predicting slow but consistent growth that will lead to the Shiba Inu price breaking past $0.5.
The only roadblock to consider is that these factors are subject to change, especially for a long-term price point. The growth of the Shiba Inu price could be hindered by market volatility in the long run. This is where the new reliable altcoin, WallitIQ (WLTQ), comes in, offering investors huge returns within a short period.
WallitIQ (WLTQ) Offers Investors A Better Alternative With Its 70,000% Rally
The WallitIQ (WLTQ) altcoin is selling at a price of $0.0171 in its ongoing presale. This altcoin has been incredibly inexpensive to enable investors from all economic backgrounds to have a chance to buy the token. This cheap rate of the WallitIQ (WLTQ) altcoin is of huge benefit to crypto whales and investors, as it promises them a 70,000% return potential as demand for its token soars.
The WLTQ altcoin has an accompanying crypto wallet which highlights an inventive combination of artificial intelligence (AI) and machine learning (ML). This crypto wallet has caught a lot of attention for its user-friendly, hitch-free, and secure interface.
The WallitIQ (WLTQ) wallet has the most unique features and DeFi solutions a crypto wallet has ever offered. The crypto wallet is highlighted for its DeFi simplified nature, offering a platform for users at all experience levels. This makes a very conducive platform for beginners or more experienced crypto traders to navigate without being burdened by technicalities.
The intuitive interface is also a unique and eye-catching feature of the WallitIQ (WLTQ) crypto wallet. The interface is set to be fully customizable to meet individual preferences and needs. It has a dashboard that highlights the most relevant required information, such as charts, price updates or portfolio summaries. This will facilitate more efficient asset management on the platform.
Also, the smart suggestions feature, notably, offers real-time recommendations to users of the WallitIQ (WLTQ) crypto wallet. The crypto wallet studies user activity as well as market trends and conditions. Then, it predicts the best time to execute transactions and also helps identify viable opportunities in the crypto market.
These next-generation features attached to the WallitIQ (WLTQ) altcoin have increased its popularity in the crypto space. With the buzz currently surrounding it, undoubtedly, once it is listed on major exchanges, it will spike and possibly rally as high as the predicted 70,000%.
Conclusion
The Shiba Inu price has considerable potential, but indicators show that the WallitIQ (WLTQ) altcoin has even better potential. As a result, investors are more likely to record higher returns if they diversify their portfolio to accommodate the WallitIQ (WLTQ) altcoin. This can be done by purchasing WLTQ during its ongoing presale at its current inexpensive rate of $0.0171 before it spikes.
Join the WallitIQ (WLTQ) presale and community:
Join WallitIQ (WLTQ) Presale
Join the WallitIQ (WLTQ) Community
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
It’s no surprise that Roblox has become one of the top platforms for brands looking to expand their digital presence—with nearly 90 million daily active users, the gaming platform is prime real estate to get more eyeballs and build communities, especially among younger generations. As Roblox continues to grow as a virtual world where millions interact daily, brands have increasingly sought opportunities for collaboration within this space. Of all the custom brand activations on Roblox, one type of experience stands out when looking to maximize engagement: tycoon-style games.
What are Tycoon-Style Games & Why do they Resonate with Players?
Tycoon-style games have become a popular genre on Roblox, where players build and manage virtual businesses or empires, often aiming to generate wealth, expand their operations and achieve success. The genre encourages creativity and strategic thinking, as players build and optimize their businesses to maximize profits. The interactive nature of tycoon-style games underscores its impact on user engagement. In these games, players typically start with limited resources and work their way up by completing tasks, collecting items and managing in-game assets; the co-creation experience, sense of community and progression loop keep players coming back for more.
These games, with their engaging mechanics and rewards-based progression, have not only captured the interest of players but have also emerged as a powerful tool for brand engagement and marketing—players feel more connected to a brand, as they actively participate in its virtual world.
For example, Brooklyn-based haircare brand introduced this functionality into their Roblox world, the amikaverse. “Roblox is a natural place for us to continue building our community. It’s an ideal extension of our brand purpose, and a prime example of how we’re meeting our next-gen consumers where they are,” said Shannon Otto, Senior Director of Consumer Engagement at amika.
With the Salon Tycoon game, players step into the role of salon owners to design their own spaces, serving customers, earning amikabux and expanding their salons. Players could continue to decorate and upgrade their spaces, with higher salon ratings unlocking even more customizable pieces. As players evolve into true beauty business “tycoons,” they build long-term interest and investment in the game.
Tycoon-style games on Roblox offer brands on the platform a unique opportunity to connect with audiences in a fun, engaging and dynamic way. By tapping into the gaming platform’s vast community, brands can create memorable experiences and build long-term relationships with players. To learn more about creating custom Roblox activations for your brand, book a demo or email contact@obsessvr.com.
Published: November 22, 2024 at 10:50 am Updated: November 22, 2024 at 10:50 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
Driven by SEC approval of Bitcoin ETFs, the top cryptocurrency hit an all-time high of $74,000 in mid-March 2024. This historic action approved Bitcoin as an institutional-grade investment, therefore attracting cash from both retail and institutional sources. But a well-known cryptocurrency trader who precisely projected Bitcoin’s $74,000 ATH now sees a shockingly $125,000 objective by Christmas 2024. However, the trader’s boldest prediction lies in the altcoin market, where they anticipate an extraordinary 18,700% blowout for a rising token over the next 67 days.
Bitcoin’s Path to $125,000
Several macroeconomic and market-specific variables seem to favor Bitcoin’s path towards $125,000. Bitcoin has kept its accelerating velocity even with the revolutionary March ATH. Driven by fresh excitement after Donald Trump’s re-election triumph, last week it peaked at $93,000. As hope over pro-crypto policy changes—such as improved blockchain infrastructure development and clarification on digital asset regulations—gives rise, the market mood has increased.
Although Bitcoin dominates the news, the true narrative is found in the altcoin market, where the possibility for exponential increases is still unrivaled. The forecast of an 18,700% surge over the next 67 days by the crypto trader indicates a particular cryptocurrency creating great buzz—Rexas Finance (RXS).
Rexas Finance (RXS): The Altcoin to Watch
Rexas Finance is a platform enabling users to create, sell, and manage digital tokens representing physical assets such as real estate, art, and commodities, so transforming real-world asset (RWA) tokenization. Simplifying the tokenization process helps RXS democratize access to investment prospects once beyond reach for many people. Rexas Finance’s continuous presale has attracted notable attention; the project concluded Stage 5 ahead of schedule and already raised $9.27 million. For investors looking at its long-term promise, the present Stage 6 presale price of $0.08 as of writing offers a reasonable starting point. Rexas Finance has chosen a public presale instead of depending on venture capital money, unlike many blockchain companies. This approach captures the team’s dedication to diversity and lets retail investors take part in the expansion of the initiative. The listing of Rexas Finance on websites like CoinMarketCap has increased its profile even further, which helps to explain the mounting presale momentum. Plans to list on three Tier 1 exchanges after the presale’s end only heighten the thrill and help to position RXS for a historic surge.
The Crypto Trader Prediction: 18,700% Blowout in the Next 67 Days
The special value proposition of the project and market timing help the trader to forecast an 18,700% rise for Rexas Finance. Emphasizing tokenizing real-world assets, Rexas Finance explores a multi-trillion-dollar market possibility. One of the most exciting use cases in blockchain technology since it allows a worldwide audience to fractionalize ownership and trade tangible goods as digital tokens. Investors have already given Rexas Finance’s creative approach great interest. Allowing users to tokenize assets with a single click creates fresh opportunities for people and organizations. From New York real estate to artwork in Paris, RXS allows flawless ownership transfers across boundaries, therefore offering unmatched liquidity for otherwise illiquid goods. Moreover, the debut period of Rexas Finance exactly matches the larger bull market in cryptocurrencies. Altcoins usually gain from the trickle-down effect of money movements as Bitcoin climbs toward $125,000. With its modest presale price of $0.08 and innovative use case, Rexas Finance is a top prospect for explosive development. Rexas Finance would rank among the best assets in crypto history based on the forecast of an 18,700% increase by the crypto trader. With this degree of increase, a $500 investment now potentially generates nearly $93,000 in just 67 days, highlighting the transforming power of early-stage cryptocurrencies such as RXS. In essence, the larger crypto market is full of chances for exponential expansion as Bitcoin keeps marching toward $125,000 by Christmas. Leading the way with its creative approach to real-world asset tokenization catching the interest of both retail and institutional investors is Rexas Finance (RXS). Rexas Finance is positioned for a fast ascent having already secured $9.27 million in its presale and with intentions to list on Tier 1 exchanges. An 18,700% blowout in the next 67 days highlights the unrealized potential of this innovative project.
For more information about Rexas Finance (RXS) visit the links below:
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
Published: November 22, 2024 at 10:20 am Updated: November 22, 2024 at 9:46 am
by Ana
Edited and fact-checked:
November 22, 2024 at 10:20 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
Zeus Network unveiled the tokenomics of ZEUS with the goal of onboarding 1% of Bitcoin liquidity into the Solana DeFi ecosystem.
Interoperability layer for the Solana Virtual Machine (SVM), Zeus Network unveiled its tokenomics with the goal of onboarding 1% of Bitcoin liquidity into the Solana decentralized finance (DeFi) ecosystem and enabling unrestricted use of UTXO-based assets such as Dogecoin, Litecoin, and Kaspa.
ZEUS is a foundational layer token that ensures the security of ZeusNode while enabling a seamless, permissionless flow of Bitcoin liquidity into Solana. Its utility is structured in three distinct development chapters.
In the first chapter, ZEUS functions as a layer token designed to facilitate the secure transfer of Bitcoin liquidity into Solana. The initial exchange rate of 20,000 ZEUS to 1 BTC is strategically set to stabilize ZeusNode and the ZPL-asset framework. This phase aims to onboard Bitcoin as zBTC, the first ZPL-asset, and create a permissionless gateway for on-chain yield generation and various DeFi strategies within Solana’s ecosystem. The 20,000 ZEUS to 1 BTC ratio serves as a secure starting point, with adjustments to follow based on market conditions and Solana’s liquidity needs.
ZeusNode acts as the core infrastructure of the Zeus Network, facilitating permissionless interactions between Bitcoin and Solana. By delegating ZEUS to Guardians, participants help maintain consensus, secure the network, and uphold the integrity of cross-chain transactions managed by ZeusNode Guardians. As a ZeusNode Delegator, users play a vital role in securing the network, fostering Bitcoin-Solana innovation, and earning rewards for their contributions.
In chapter two, ZEUS will expand its utility within the Solana ecosystem, unlocking new ZPL-asset applications, including xyzBTC, and further enhancing Solana’s DeFi capabilities and overall ecosystem growth.
Looking ahead to chapter three, Zeus plans to enable multi-chain interactions, aiming to connect UTXO-based blockchains such as Dogecoin, Litecoin, and Kaspa. This will create a more unified financial system, eliminating fragmentation and driving innovation across Solana.
We’re thrilled to reveal $ZEUS tokenomics—the driving force behind an interoperable future, aiming to onboard 1% of Bitcoin liquidity into Solana.
Learn about the 3 Chapters of the token… pic.twitter.com/HOoon8cUnB
— Zeus Network 🟧⛈️🟣 (GAIA) (@ZeusNetworkHQ) November 22, 2024
What Is Zeus Network?
Zeus Network, an interoperability layer built on the SVM, enables seamless connections between Solana and other blockchains, including Bitcoin, Litecoin, and Dogecoin.
The platform’s primary focus is integrating Bitcoin through its decentralized application (dApp), Apollo, which facilitates the transfer of Bitcoin liquidity into Solana. This integration provides Bitcoin holders with the opportunity to access and interact with dApps within the Solana ecosystem.
In April, Zeus Network successfully raised $8 million in a seed funding round, with investments from Mechanism Capital, OKX Ventures, Animoca Ventures, Lemniscap, and other supporters.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
South Korean tech giant Samsung has unveiled its latest generative artificial intelligence model, named Gauss2, marking a significant leap in the Galaxy AI experience. As an advanced iteration of its predecessor, Gauss, this model promises notable enhancements in both performance and efficiency.
Multimodal Capabilities and Improved Efficiency
Gauss2 is designed with a multimodal architecture, enabling it to handle coding, visual creation, and text generation simultaneously. The model is reported to be 1.5 to 3 times faster than its predecessor, offering a smoother and more efficient user experience. These advancements mean users will be able to utilize Galaxy AI features more quickly while consuming less energy, thanks to improved efficiency optimizations.
Three Versions of Gauss2: Compact, Balanced, and Supreme
Samsung has announced that Gauss2 will be available in three distinct versions:
Compact: This version prioritizes efficiency and is designed to be lightweight for optimized energy usage.
Balanced: As its name suggests, this version strikes a balance between performance and efficiency, catering to a wider range of user needs.
Supreme: The most advanced variant, offering top-tier performance for demanding tasks.
Each version is tailored to meet diverse user requirements, ensuring that Gauss2 can cater to both casual users and professionals.
Release Timeline and Testing Updates
While Samsung has not revealed an official release date for Gauss2, the company confirmed that the model has been undergoing internal testing by its staff for some time. This suggests that generative AI features powered by Gauss2 could be rolled out to Galaxy devices in the near future, further enriching the Galaxy AI ecosystem.
With its multimodal capabilities, improved speed, and energy-efficient design, Gauss2 represents a significant step forward in Samsung’s pursuit of AI excellence.
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Published: November 22, 2024 at 9:09 am Updated: November 22, 2024 at 9:09 am
by Ana
Edited and fact-checked:
November 22, 2024 at 9:09 am
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In Brief
Solv Protocol has partnered with Sonic to integrate Bitcoin into the Sonic network through the Solv Protocol Bitcoin Reserve, marking a step toward unifying Bitcoin liquidity and expanding its use across decentralized ecosystems.
Bitcoin staking platform Solv Protocol partnered with the Layer 1 blockchain Sonic (formerly known as Fantom) to integrate Bitcoin directly into the Sonic network via the Solv Protocol Bitcoin Reserve. This collaboration represents a notable step toward unifying Bitcoin liquidity and expanding its use across decentralized ecosystems.
Sonic is an EVM-compatible blockchain that boasts a high throughput of 10,000 transactions per second (TPS) and transaction finality in just one second. Known for offering developers both infrastructure and strong incentives, it is well-positioned to foster innovation and drive adoption in the Bitcoin-finance (BTC-Fi) space. Its performance and user-focused ecosystem align well with Solv Protocol’s mission to bring speed, scalability, and decentralization to Bitcoin-based decentralized finance (DeFi) applications.
The integration will enable the native minting of SolvBTC and SolvBTC.BBN on Sonic, ensuring users have quick, cost-effective access to Bitcoin-backed assets. SolvBTC and SolvBTC.BBN holders will also be eligible for a share of the approximately 200 million S airdrop, providing an additional incentive for participating in the Sonic ecosystem.
Solv Protocol x @0xSonicLabs
We’re thrilled to announce our collaboration with Sonic (formerly Fantom), a next-gen EVM-compatible Layer 1 blockchain. We’ll be bringing Bitcoin to Sonic and redefining BTC’s role in decentralized finance.
🧵👇 pic.twitter.com/kMPQ2rIe7g
— Solv Protocol (@SolvProtocol) November 22, 2024
Looking ahead, the partnership will introduce numerous DeFi opportunities on Sonic, such as staking, liquidity pools, and lending markets—all leveraging Bitcoin. The integration also offers Bitcoin yield opportunities, allowing users to earn returns on Bitcoin-based assets within Sonic’s fast and scalable ecosystem.
With Sonic’s infrastructure, SolvBTC’s Bitcoin Reserve becomes even stronger, facilitating cross-chain connectivity for users. As Sonic supports innovation, it will allow developers to create Bitcoin-powered DeFi applications easily. Whether it’s retail users seeking yield or institutions exploring DeFi, Sonic provides a gateway for widespread participation in Bitcoin’s evolving financial ecosystem.
Solv Protocol: What Is It?
Solv Protocol is a prominent Bitcoin staking platform built on the Staking Abstraction Layer (SAL). Through its SolvBTC reserve, which provides broad access to Bitcoin assets, the platform strives to unlock the full potential of over $1 trillion in Bitcoin holdings.
Recently, the platform disclosed the classification of the underlying assets within its SolvBTC reserve. This development is intended to bolster security for users, create yield-generating opportunities, and ensure the continued liquidity of the platform.
Disclaimer
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
