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In May, the AI industry's tsunami may revive the market for AI concept altcoins.
At the BitcoinAsia conference in May, Merlin Chain founder Jeff delivered a speech titled "From Bitcoin L1 to Merlin Chain's Native Innovation," delving into how Merlin Chain's native innovation empowers the Bitcoin ecosystem. He reviewed the evolution of the Bitcoin ecosystem and explored how Merlin Chain's native innovation will drive the development of the Bitcoin ecosystem.
DeFi, infrastructure, and tools are the primary focus of the primary market, with many being small-scale financings.
The Bitcoin Asia conference recently brought thousands of Bitcoin fans to Hong Kong, where spot Bitcoin ETFs were recently approved. According to a report from the South China Morning Post, Hong Kong’s warmth towards crypto had some conference attendees eyeing the mainland, where crypto has been banned since 2021.
- 08:52THORChain plans to tackle $200 million debt crisis with publish equity stake tokenOn February 3rd, according to reports, THORChain governance has passed a restructuring plan proposal, which plans to publish a new token named TCY (Thorchain Yield) with nearly $200 million of default debt converted into equity stake. The proposal includes minting 200 million TCY tokens and allocating 1 TCY token per dollar of default debt. The core team is expected to create a RUNE/TCY liquidity pool, providing $500,000 of liquidity, with TCY priced at $0.1 each, which will be supported by $5 million of treasury funds. TCY token holders have the right to permanently receive 10% of THORChain's revenue. Earlier, THORChain announced the launch of a 90-day restructuring plan to suspend THORFi lending and savings redemptions.
- 08:52DWF Labs partner: Prepare to gradually buy, pay attention to the reaction of US stocksOn February 3rd, Andrei Grachev, a partner at DWF Labs, stated on social media that he is preparing to gradually buy and "should wait a few more hours to see how the US stock market reacts. Everything is very dangerous now, be careful and DYOR."
- 08:51Whale "7Siblings" another address bought a total of 5382 ETH, today bought a total of 126 million USD ETHOn February 3rd, according to Lookonchain monitoring, another wallet of "7 Siblings" purchased 5,382 ETH ($14.5 million). Therefore, 7 Siblings has purchased a total of 50,429 ETH ($126 million) today. The last time 7 Siblings bought a large amount of ETH at the bottom was on August 6th, 2024, when the market crashed.