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locke

Gate WCTC S8 Global Trading Competition officially starts, with an 8,000,000 USDT prize pool unlocked

According to official news, the Gate WCTC S8 Global Trading Competition officially started on April 23 at 16:00:00 (UTC+8) and will last until May 20 at 15:59:59 (UTC+8). The pre-heating phase had already attracted over 5,500 teams, and with the official launch of the competition, global traders have fully entered the practical phase to compete for annual trading honors.It is reported that the total prize pool for this event reaches 8,000,000 USDT, covering various trading categories including spot, ETF, flash exchange, contracts, and TradFi, and has set up three core competition tracks: team competition, individual competition, and 1v1 king PK. Among them, the first half of the team competition has already started, focusing on a dual-dimensional competition based on trading volume and profit, unlocking a prize pool of 1,800,000 USDT; the individual competition and PK competition are also ongoing, sharing rewards of 2,000,000 USDT and 1,600,000 USDT respectively, with an overall upgrade in the competition system that balances competitiveness and participation.In addition, during the competition period, blind box treasure chests, live draw events, and multiple bonus activities will be launched simultaneously, continuously releasing incentive benefits. As the competition enters the official competitive phase, the trading feast aiming for a prize pool of tens of millions has fully kicked off.It is reported that Gate Live will start the official live broadcast on April 22 at 20:00 (UTC+8), hosted by the official host Jesse, along with guest Eden and several KOLs, focusing on the team mechanism, gameplay rules, and competition strategies of this WCTC, while discussing the current market situation. This live broadcast will also include an interactive lottery segment, with prizes including an iPhone 17 Pro and $1000 contract position experience vouchers. Users can participate in the interaction in the live broadcast room and have the opportunity to join a team or participate in the competition through the host's channel.

Bittensor co-founder accuses Covenant AI founder of betraying the community and plans to launch a locked staking mechanism

Bittensor co-founder Jacob Robert Steeves responded to the Covenant AI incident, stating that he was "deeply shocked" by the events of the past few days and accused Covenant AI founder Samuel Dare of causing serious harm to the protocol and community, betraying the trust of investors and users. He apologized to users who suffered losses due to the incident.Steeves stated that the original intention of Bittensor was to combat greed and selfishness in human nature, promoting AI to be collectively owned by all participants through a permissionless mechanism. He emphasized that while this incident exposed vulnerabilities in the system, it would also encourage the protocol and community to further enhance their risk resilience.Regarding future directions, Steeves proposed advancing the "Locked Stake" mechanism, introducing a "time + stake" commitment dimension at the protocol layer to improve transparency and investor protection, thereby reducing similar risks. He noted that this plan was originally designed with the participation of Samuel Dare.Additionally, he mentioned that the development related to subnets 3, 39, and 81 would continue to be driven by the community, and the overall functionality and vision would not change. Steeves emphasized that Bittensor remains one of the most decentralized AI protocols currently and will continue to promote the development of open AI, with plans to move towards training larger-scale models. In the future, they will train a 1 trillion parameter model.

Arbitrum releases the 2025 transparency report: cumulative transaction volume exceeds 2.1 billion, total locked value approximately 20 billion USD

The Arbitrum Foundation released the 2025 Transparency Report, indicating that traditional finance will accelerate on-chain adoption in 2025, pushing the ecosystem into the institutional adoption phase. The report shows that 189 ecosystem collaborations were approved throughout the year, covering areas such as DeFi, infrastructure, and consumer applications.The report points out that Arbitrum is evolving from an L2 solution into a comprehensive blockchain platform with a sustainable economic model: in terms of institutional adoption, Robinhood has launched tokenized stocks and ETFs on Arbitrum, expanding to nearly 2,000 assets within six months; institutions including Franklin Templeton and WisdomTree are also increasing their investments, driving the on-chain RWA scale to grow sevenfold year-on-year, surpassing $800 million.In terms of network data, Arbitrum has accumulated over 2.1 billion transactions, with a total locked value of approximately $20 billion, stablecoin supply growing by 80% year-on-year, peaking close to $10 billion, and the number of ecosystem projects exceeding 1,000. Additionally, the Arbitrum chain ecosystem continues to expand, with over 100 chains launched or in development.In terms of infrastructure and governance, Arbitrum is advancing the ArbOS upgrade, BoLD verification mechanism, and Stylus development environment, and is expanding DAO revenue sources through mechanisms like Timeboost, which generated over $6 million in revenue for the DAO in its first year.
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