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BTC $81,581.77 +0.37%
ETH $2,334.05 -0.51%
BNB $668.77 +1.78%
XRP $1.48 +1.67%
SOL $97.57 +2.14%
TRX $0.3505 +0.32%
DOGE $0.1112 +0.83%
ADA $0.2814 +0.83%
BCH $449.16 -2.38%
LINK $10.58 -0.49%
HYPE $41.61 -2.21%
AAVE $100.93 +0.64%
SUI $1.30 -1.71%
XLM $0.1685 +0.77%
ZEC $559.35 -4.52%

astr

Tether launches a developer grant program, focusing on supporting local AI and self-hosted payment infrastructure

According to official news, Tether has launched a developer grant program that will reward developers with USDT or Bitcoin for building localized AI and payment infrastructure. There is no total grant cap for this program, and rewards will be issued based on technical tasks and deliverables, with current individual bonuses ranging from $1,500 to $4,000.This funding focuses on Tether's open-source technology stack, including wallet infrastructure, browser extensions, e-commerce integration, and particularly supports its local AI platform QVAC. Tether stated that QVAC can run AI inference directly on the device locally, without relying on cloud servers, to reduce latency, costs, and data exposure risks.In addition, Tether will also promote the development of its Wallet Development Kit (WDK) ecosystem. This tool allows developers to directly embed self-custody wallets within applications, enabling local key generation, transaction signing, and asset transfers without relying on custodial services or third-party APIs.Tether CEO Paolo Ardoino stated that a significant amount of infrastructure still forces developers to rely on centralized platforms and data business models, and Tether hopes to fund systems that can "run locally, hold value directly, and have no external dependencies" to enter the market.

Google and PayPal Executives: The AI Agent Business Era Will Rely on Cryptocurrency Payment Infrastructure

According to CoinDesk, executives from PayPal and Google Cloud stated that future AI Agent-driven business activities will operate on a cryptocurrency payment track, as AI Agents cannot use traditional bank accounts like humans.Richard Widmann, Head of Google Cloud Web3 Strategy, mentioned that AI Agents cannot directly open bank accounts on both technical and regulatory levels, while cryptocurrencies provide an "excellent machine-readable payment interface." He revealed that Google has launched the open Agentic Payments Protocol (AP2) and donated it to the FIDO Foundation, with over 120 partners, including PayPal, already on board.May Zabaneh, Senior Vice President of PayPal's crypto business, stated that the company views AI Agents as the next generation of business entry points following offline, online, and mobile payments. She pointed out that PYUSD, as PayPal's stablecoin, provides a natural programmable payment layer for AI-native payments and global transactions.A PayPal survey showed that 95% of merchant websites currently have AI Agent traffic, but only about 20% of merchants have machine-readable product catalogs. Zabaneh believes that merchants need to adapt to the AI Agent era as soon as possible, or they will miss the next opportunity for upgrading their business infrastructure. Additionally, both parties discussed the security and accountability issues surrounding AI Agents.Widmann stated that multi-party custody will become an important solution for managing Agent funds, and AI Agents should not fully control private keys but only hold partial key fragments to reduce financial risks.

TeraWulf's Q1 HPC revenue surpasses Bitcoin mining for the first time, as the trend of transitioning computing power to AI infrastructure accelerates

Bitcoin mining company TeraWulf announced its Q1 financial report, showing that its high-performance computing (HPC) business has for the first time surpassed Bitcoin mining revenue, marking a critical stage in the company's transformation towards AI and cloud computing infrastructure.The company's total revenue for Q1 was $34 million, roughly flat compared to the same period last year. Among this, HPC leasing revenue reached $21 million, surpassing the less than $13 million from digital asset mining for the first time, becoming the main source of income. The financial report also indicated that the company's net loss widened to $427.6 million, mainly due to the impact of non-cash warrant revaluation. However, CFO Patrick Fleury emphasized that the company is transitioning from "volatile mining revenue" to "stable long-term computing power contract revenue." Currently, TeraWulf has 60 MW of HPC capacity generating revenue at its Lake Mariner data center in New York and plans to continue expanding within the year. At the same time, the company is transforming part of its mining infrastructure into AI/HPC computing resources to support massive computing power demands. This trend is spreading throughout the industry, with Bitcoin mining companies like Riot Platforms also expanding their revenue structure through data centers and AI contracts, gradually transforming into "computing power infrastructure companies."

BTC breaks through the $80,000 mark, Gate institutions promote infrastructure to support the layout of "core assetization."

This week, the cryptocurrency market has reached a critical turning point, with market sentiment significantly improving. BTC successfully broke through $82,000, reaching a nearly three-month high, and firmly established a key support level at $81,000.On May 5, the U.S. spot BTC ETF recorded a net inflow of $467 million, with BlackRock contributing $251 million; on May 6, the ETH ETF also saw inflows exceeding $170 million for three consecutive days. The continued strength in capital indicates that institutional allocation has shifted from "experimental attempts" to strategic "core asset allocation."Against this backdrop, Gate has continuously optimized its institutional-level service system. With the SuperLink architecture and excellent cross-platform capital scheduling capabilities, Gate provides high-performance matching and deep liquidity support for institutional investors. To address the core demands of professional investors for compliance, security, and asset diversification, the platform offers a one-stop custody solution covering crypto assets, CFD contracts, perpetual contracts, and spot tokens.At the same time, Gate has built a comprehensive derivatives matrix covering stocks, metals, indices, foreign exchange, and commodities, helping global institutions achieve efficient strategy execution and risk management in a structural bull market.
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