AI's "currency" is that the cryptocurrency full -chain network Jupnet will launch

headlines

▌CZ: The “currency” of artificial intelligence is cryptocurrency

Binance co-founder CZ posted on the X platform that the “currency” of artificial intelligence is cryptocurrency.

▌ Jupiter announced that it will launch the full-chain network Jupnet

DEX Jupiter on the Solana chain announced that it will launch the full-chain network Jupnet. Jupnet will be composed of three key parts: 1. DOVE network, DOVE stands for Decentralized Oracles, and its function is verification and execution. 2. Omnichain distributed ledger network, by creating a single decentralized source of trust between oracles, validators and executors, we can easily implement the next big feature - Jupnet can host a full-chain distributed ledger network Ledger, no matter how many chains, users or transactions flow in the system. 3. Aggregated Decentralized Identity (ADI), for Jupnet, we hope that all users and developers will no longer use wallets as the main user experience (UX) and development experience (DX) mode, but adopt a more friendly way, such as account system and supports their familiar features like multi-factor authentication (MFA) and account recovery.

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Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$104,584, with an intraday increase or decrease of -0.1 % ;

ETH’s recent transaction price was US$3,326.74, with an intraday increase or decrease of +1.0% ;

BNB’s recent transaction price was US$688.90, with an intraday increase or decrease of +1.1 % ;

SOL’s recent transaction price was US$256.14, with an intraday increase or decrease of +0.2 % ;

DOGE’s recent transaction price was 0.3545 yuan, with an intraday increase or decrease of +1.6% ;

XPR’s recent transaction price was $3.12, with an intraday increase or decrease of +1.0% .

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policy

▌It is extremely unlikely that the U.S. government will uniformly use one blockchain across all departments and agencies

Chainlink community liaison officer Zach Rynes said on the Spend transparency or automate manual processes. What is certain is that: - All these different public/private blockchain ledgers need to be able to communicate and share data between institutions through cross-chain interoperability standards; - Institutions need to be able to integrate their existing backends through layers of abstraction End systems and infrastructure are seamlessly connected to the various public/private chains used by governments; - Agencies using blockchain to automate manual processes need access to external data resources in order to securely trigger smart contract functions using oracles; Only a unified platform can meet all these off-chain data, cross-chain interoperability and legacy system connectivity requirements.

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Blockchain application

▌Taiko announces strategic cooperation with OpenZeppelin to develop next- generation BasedRollup stack

On January 25, the Ethereum L2 network announced a strategic cooperation with OpenZeppelin to develop the next generation BasedRollup stack and take BasedRollup to the next level. Some key goals include addressing scalability, interoperability, and composability issues. It is reported that BasedRollup is a set of L2 solutions that directly utilize the L1 blockchain sorting function. This model enables smooth integration by fully leveraging L1’s decentralization, liveness, and security features. Ethereum researcher Justin Drake proposed the concept of BasedRollups in March 2023, aiming to overcome the problems faced by existing Rollup solutions.

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cryptocurrency

▌The number of altcoins currently exceeds 36.4 million

According to news on January 25, on-chain analyst Ali tweeted that the number of altcoins currently exceeds 36.4 million; during the peak season of altcoins in 2017-2018, the number of altcoins was less than 3,000, and even less than 500 in 2013-2014. kind.

▌Hong Kong court sends legal writ via cryptocurrency wallet for first time

January 25 news: A court order in Hong Kong related to a fraud claim was “successfully executed” after being sent to two cryptocurrency wallets using tokenization technology. Experts say this novel approach will be used in other jurisdictions. The district sets a precedent and enhances Hong Kong’s attractiveness as a technology hub. After a Hong Kong company fell victim to a misrepresentation scam and lost over $2.6 million, an injunction was served on the unknown holders of two wallet addresses on the Tron blockchain, barring them from “global and Hong Kong operations.” "Disposal of assets. The plaintiff in the civil lawsuit is Worldwide A-Plus, a marketing consulting firm that transferred $2.66 million worth of Tether, a stablecoin pegged to the U.S. dollar, to two wallets controlled by scammers who called themselves was a salesperson for an online marketing platform that was hacked. The order, which names the unknown holders of the two wallets as defendants in the case, was approved by Superior Court Associate Judge Douglas Lam on December 5 and was subsequently filed by law firm Ravenscroft & Schmierer under the terms “Tokenization served as a legal notice".

▌ECB board member: Trump’s push for dollar-backed stablecoins could “further weaken the intermediary role of banks”

At the Frankfurt meeting, ECB board member Piero Cipollone emphasized the need for a digital euro (CBDC). He cited concerns about Trump’s push for dollar- backed stablecoins, which he warned could “further weaken the intermediary role of banks.”

▌Cathie Wood believes cryptocurrency deregulation “releases animal spirits”

ARK Invest CEO Cathie Wood provides an in-depth analysis of how Donald Trump’s return to the White House will change the cryptocurrency landscape. Wood expressed optimism about Trump's economic agenda, explaining how the new administration could turn "fear into optimism" and how deregulation could "unleash animal spirits." ARK's investment strategy has begun to see positive momentum as risk appetite increases, she said. However, Wood emphasized that their fundamental approach to investing in innovation remains the same.

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Important economic developments

▌TD Securities: The European Central Bank is expected to cut interest rates by 25 basis points next week

The European Central Bank will announce an interest rate decision on Thursday and is widely expected to cut interest rates. TD Securities foreign exchange analysts pointed out that since the data is consistent with or weaker than the European Central Bank's December forecast, this meeting may directly cut interest rates by 25 basis points.

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Golden Encyclopedia

▌What is a teardrop attack in encryption?

In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they don’t target the blockchain’s cryptographic algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on could lead to service disruptions, loss of funds, and loss of user trust. An attacker can interfere with the consensus process, transaction validation, or node-to-node communication by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays or even complete outages.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.