Web3 AI Daily Review (2024/7/28)
Today, the top ten leading stocks in the industry mainly showed a downward trend, with TRAC rising by 19.89%, GLM rising by 0.98%, and NMR rising by 0.47%, while the remaining leading stocks all declined. ARKM announced the launch of the Arkham X Coinbase wallet, allowing users to connect their Coinbase wallet to Arkham to directly track assets and transactions on the platform. FET's partner SingularityNET announced a $53 million investment to create the world's first modular AGI supercomputer and cutting-edge HPC and AI data centers. Previously, SingularityNET and Fetch.ai announced that the token merger had completed its first phase, indicating that FET and SingularityNET have effectively become a closely integrated whole, jointly committed to promoting the development of decentralized AI and AGI.1. Market Analysis
In the past 24 hours, the Web3 AI sector has dropped by 1.68%, while Bitcoin has decreased by 0.52%. 
2. Project Tracking
1. Performance of Leading Stocks
Today, the top ten leading stocks in the industry mainly showed a downward trend, with TRAC rising by 19.89%, GLM by 0.98%, and NMR by 0.47%, while the rest of the leading stocks declined. ARKM announced the launch of Arkham X Coinbase wallet, allowing users to connect their Coinbase wallet to Arkham to directly track assets and transactions on the platform. FET's partner SingularityNET announced an investment of $53 million to build the world's first modular AGI supercomputer and cutting-edge HPC and AI data center. Previously, SingularityNET and Fetch.ai announced that the token merger had completed its first phase, indicating that FET and SingularityNET have effectively become a closely integrated whole, jointly committed to promoting the development of decentralized AI and AGI.
2. Hot Stocks
Today's hot stocks include NEAR Protocol, Artificial Superintelligence Alliance, and Render, with the leading gainers being Architex, Lumerin, and Hera Finance. Among them, Architex rose by 11.8%. Architex is a mining layer targeting blockchain and AI networks (such as BTC, Bittensor, and Morpheus) through its decentralized ASIC and GPU hardware infrastructure. 
3. Smart Money Trends
In the past 24 hours, the projects with the most inflow of smart money are GROK, KIZUNA, and QF; the projects with the most outflow are wTAO, FET, SAGE, VPS, and NEURAL. 
The top ten projects in this issue's smart money holdings are SAGE, SHOG, KIBSHI, HashAI, ENQAI, NEURAL, GROK, DEAI, basedAI, and QF.
3. Industry News
1. AI Industry
l Morgan Stanley Advances Self-Developed AI Applications
Morgan Stanley recently announced that it has deployed a second self-developed generative AI application for its financial advisors. This application tends to favor self-developed solutions rather than relying on off-the-shelf tools provided by technology vendors.
Morgan Stanley stated that this new application is its second internally developed generative AI tool, aimed at enhancing technical capabilities and application effectiveness through self-development.
l Google DeepMind AI Achieves Milestone in Mathematics: IMO Silver Medal Performance
Google DeepMind announced that its AI system has made significant breakthroughs in the International Mathematical Olympiad (IMO). The system has become the first AI to achieve a silver medal level, demonstrating exceptional advanced mathematical reasoning abilities.
In this year's IMO competition, DeepMind's AI system scored 28 points (out of a total of 42), just 1 point shy of the gold medal standard. This achievement is comparable to that of human silver medalists, showcasing the remarkable progress of AI in solving complex mathematical problems. Notably, among the 609 participants this year, only 58 earned gold medals.
This achievement is seen as a "Go moment" for the mathematics community, marking an important step for artificial intelligence in the field of advanced mathematical reasoning. The IMO has become an important benchmark for measuring the mathematical capabilities of AI systems, and Google DeepMind's breakthrough will undoubtedly drive further development in this field.
2. Web3 AI
l Portal Partners with Bitlayer, Sovryn, and Tari to Promote Bitcoin Ecosystem Innovation
The non-custodial Bitcoin interoperability protocol Portal announced a significant strategic partnership with Bitlayer, Sovryn, and Tari, planning to launch an incentivized testnet.
Portal innovatively combines Lightning Network and atomic swap technology, providing users with a completely decentralized way to access Bitcoin liquidity. The platform does not rely on centralized intermediaries or custodians, ensuring users have full control over their assets.
Bitlayer, as a Bitcoin sidechain/L2 solution, will provide Portal with faster transaction speeds and enhanced privacy features.
Sovryn will integrate its Bitcoin-backed stablecoin DLLR into the Portal DEX, enabling one-click trading with native BTC without the need for bridging, wrapping, or custody.
The inclusion of Tari will expand the tokenization and trading possibilities of digital assets, allowing users to seamlessly trade various digital assets with Bitcoin as the settlement layer.
l Metabit Network Completes $10 Million Strategic Financing to Drive Blockchain Innovation
High-performance blockchain platform Metabit Network recently announced the successful completion of a new round of $10 million in strategic financing. This funding will be used to drive innovation and development in blockchain technology for Metabit Network.
Metabit is a blockchain platform based on a hybrid consensus mechanism PoAS. This platform allows different nodes to play different roles, providing functionalities such as physical operation networks, validation, packaging settlement, storage, and bandwidth.
Based on this architecture, Metabit plans to transition to an AI-based multidimensional intelligent architecture in the v2.0 phase. This transformation aims to connect with the rapidly evolving AI ecosystem.
