Sahara AI Data Service Platform to Launch Open Beta Version
On April 29th, Sahara AI made an announcement about the open beta version of its Data Services Platform (DSP). As an open-chain platform, DSP enables users to contribute to the construction of high-quality and verifiable AI datasets and receive rewards. Users can fulfill special tasks supported by ecological partners to earn Sahara Points and partner rewards (such as tokens, points, etc.), and high-quality contributions will unlock higher rewards.
In August of last year, the decentralized AI blockchain platform Sahara AI announced the completion of a $43 million financing round. This round was led by Binance Labs, Pantera Capital, and Polychain Capital, and was participated in by Samsung, WEH Ventures, Siam Commercial Bank of Thailand, Foresight Ventures, dao5, Alumni Ventures, Geekcartel, Nomad Capital, Mirana Ventures, and others.
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SIGN's total network transaction volume has exceeded $300 million, and its circulating market cap is now reported at $90.68 million.
On April 29th, based on CoinGecko market data, SIGN was listed on Binance at 7:00 PM the previous day. As of the time of writing, the total trading volume of SIGN reached $331 million. The current price is $0.0755, and the circulating market capitalization is $90.68 million.
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Tether Co-Founder: With more assets possibly becoming the backing of stablecoins, USD stablecoins will face increasingly fierce competition
On April 29th, as per the report by Cointelegraph, Reeve Collins, the co-founder of Tether, stated in an interview held in Dubai that although at present the leading players in the stablecoin and Real World Asset (RWA) tokenization arena are USD-backed stablecoins, they will encounter more competition in the future. Collins pointed out that assets such as money market funds, commodities, and gold could all serve as endorsements for stablecoins.
Since these assets may provide users with higher yields compared to U.S. Treasury bonds, they may play a crucial role in the stablecoin market in the future. Additionally, Collins believes that the launch of stablecoin projects supported by Trump indicates that stablecoins have received full recognition, laying the groundwork for other global institutions, governments, and fintech companies to enter this field.
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South Korea Plans to Introduce Seven Major Crypto Policies, Open Spot ETF Trading Within the Year
April 29th. As per Edaily, the ruling party in South Korea, the People Power Party, has declared seven new policies for nurturing the digital asset ecosystem. The party aims to commence cryptocurrency ETF trading, encompassing Bitcoin and others, within the year and do away with the "1 exchange - 1 bank" restriction in order to stimulate institutional participation. The policies also comprise introducing regulations for stablecoins, advancing STO legislation, and enacting a fundamental digital assets law, etc. The party intends to set up a special virtual asset committee directly under the presidential candidate to coordinate the implementation of these reforms.
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Insight: US Government Efficiency Department (DOGE) Shows Results, Significant Decrease in Actual Borrowing Needs by US Treasury
April 29th. On Monday, the U.S. Department of the Treasury disclosed its updated estimation for net borrowing during the second quarter. This figure is $391 billion higher than the February projection. The reason for this is that the U.S. Congress has not yet raised the federal debt ceiling, and the beginning-of-quarter cash balance for Q2 is much lower than previously anticipated. The Treasury Department stated that if we set aside the beginning-of-quarter cash balance factor, the borrowing estimate for Q2 is actually $53 billion lower than the February projection.
Analysis by Zerohedge indicates that this implies that the efficiency department led by Musk, also known as the "DOGE" department, is indeed making advancements. This is because the fiscal situation has improved and the U.S.'s funding requirements are actually decreasing. Total revenue is slightly higher than the same period last year, and expenses are close to the lower end of the historical range.
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