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first_img Pantera Junior Partner Jay Yu: Computing power may become a commodity asset

Pantera Capital Junior Partner Jay Yu published an article titled "The Rise of Compute Markets," stating that computing power and data center spending have become a trillion-dollar category, but GPU procurement is still mainly done through group chats, over-the-counter brokers, and bilateral agreements. He noted that the financialization of computing power is still in its early stages, constrained by SKU, time, and location, but could become a commodity asset similar to electricity or oil in the next 5 to 10 years. Jay Yu believes that the computing power market may form a "hardware-supplier-cluster" structure similar to the electricity "grid-operator-node," with new cloud vendors being structural shorts on GPUs, while on-demand platforms and application layers are longs.He mentioned that for every $100 spent on inference at the application layer, about $45 flows to the on-demand layer, about $50 flows to the new cloud or GPU layer, and about $5 flows to routing layers like OpenRouter. NVIDIA can be seen as the "central bank" of computing power, having announced support for up to 25% residual value. He also stated that physical delivery has a more enduring moat, and indices, cash-settled exchanges, and financing tools will subsequently emerge, with participants including SF Compute, Vast AI, Runpod, Compute Exchange, and others. The computing power market does not have mandatory price transparency requirements, and basis risk may be greater.

first_img Cosmos announced the launch of the Partner Network to assist financial institutions in tokenization

According to PR Newswire, Cosmos announced the launch of the Cosmos Partner Network, uniting multiple industry service providers to assist global financial institutions in advancing digital asset-related businesses through the Cosmos Tokenization Suite and digital ledger solutions.The suite offers capabilities such as 24/7 payment settlement and fund management for banks and credit unions, and supports scenarios like programmable custody, programmable trade finance, and agency commerce. Cosmos provides tokenization and ledger platforms, while partners offer integrated services such as KYC/KYB, custody, and compliance monitoring.Cosmos Co-CEO Maghnus Mareneck stated that financial institutions understand the potential of tokenization but struggle to transition from pilot projects to high-quality real customer experiences. This network brings together relevant professional institutions to reduce the complexity of individually connecting with vendors.The first batch of the network includes 17 participants, including Anseta, Balance, BCW Group, BitGo, Blockchain.com, Blockdaemon, Coinbax, DFNS, Galaxy Digital, Hypernative, InfStones, OpenZeppelin, Peersyst Technology, Silence Laboratories, Ubyx, Utila, and Zeeve.Partners will have access to connection opportunities across Cosmos public and private networks and can participate in use cases such as tokenized deposits that Cosmos is promoting. Cosmos plans to continue expanding the network.

first_img Ripple has reached a multi-year partnership with the University of Florida, and the XRP logo will appear on the field

Ripple has reached a multi-year marketing partnership with the University of Florida, and the XRP logo will appear at Ben Hill Griffin Stadium, on digital platforms, and on Gainesville event branding starting this football season. The University of Florida Athletic Department officially announced the news on Friday.In addition to brand exposure, Ripple has also committed to providing financial and technological education support for University of Florida student-athletes and the broader campus community, covering both traditional finance and digital assets. University of Florida Athletic Director Scott Stricklin stated that Florida has a long history of embracing innovation and technology, and Ripple has become an innovative leader in the fintech space, looking forward to XRP joining Gator Nation.This is Ripple's latest foray into college sports marketing, having previously signed a multi-year agreement with the University of Kansas earlier this year to feature the XRP logo on Jayhawks basketball team jerseys. At the time of the announcement, the price of XRP was approximately $1.41, up 0.6% in 24 hours, and up about 34.9% over the past 30 days, but still down about 49.8% over the past year. Additionally, demand for spot XRP ETFs has recently cooled, with fund flows remaining flat on September 4, with a cumulative net inflow still around $1.6 billion.
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