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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk·2023/11/16 08:00
Flash
  • 05:24
    Survey: A quarter of surveyed South Koreans own cryptocurrency, with most focusing on short-term gains
    A new survey conducted by Hashed Open Research, a think tank affiliated with blockchain accelerator Hashed, found that one quarter of South Koreans surveyed own cryptocurrency, with most people stating they trade cryptocurrencies for short-term profits. The company surveyed 2,000 South Koreans aged between 20 and 69. Of these respondents, 25% (507 people) said they are "currently investing in cryptocurrency". More than half (54%) of those aged between 30-39 stated they have previously held or currently hold cryptocurrencies. Meanwhile, 43% of those in their forties indicated that they have traded or are currently trading cryptocurrencies. The proportion of traders and investors in other age groups is smaller. Among the population aged between 20-29 years old, it was reported that around 38.8% had bought or sold Bitcoin or altcoins.
  • 05:11
    Oracle founder Larry Ellison proposes to unify US data for AI analysis
    On February 13th, Oracle founder Larry Ellison stated at the Dubai World Government Summit that if countries want to use AI to improve government services and security, they should integrate all data, including spatial, economic, electronic health records (genetic data), infrastructure information etc., into a single database for AI analysis. He believes this will improve healthcare, agriculture and social services and help governments combat fraud. Last year Ellison publicly supported real-time monitoring stating that an AI system backed by Oracle could analyze social behavior keeping people in their "optimal state". In addition, Oracle is investing in a 2.2GW supercomputing data center expected to cost between $50 billion and $100 billion dollars while also participating in the Stargate AI infrastructure project worth $500 billion dollars further promoting global AI development.
  • 05:08
    Analyst: The market is shaking off tariff concerns and digesting CPI data, algorithmic trading is responding positively to macroeconomic data
    News on February 13, the crypto market rebounded after the release of US CPI data. Presto Research analyst Min Jung said: "The initial reaction to the CPI was strong, but as investors adopted a more cautious attitude and realized that more data is needed to confirm inflation trends, the market rebounded." BTC Markets analyst Rachael Lucas attributed the market recovery to trading robots responding to stable macroeconomic conditions. "Algorithmic trading plays an important role in these rapid trends. Many robots are programmed to respond instantly to keywords from Powell, CPI data and other major economic reports. Given recent volatility driven by liquidation, any stability in macro conditions could trigger positive repurchases, especially those from automated strategies." Lucas explained that the market seems to be shaking off concerns related to tariffs and digesting the latest CPI data as prices are recovering without prominent bullish catalysts. "Risk assets including cryptocurrencies have responded positively to stable macroeconomic conditions; if liquidity conditions remain supportive, markets may prepare for further increases."