AI's "currency" is cryptocurrency. The full-chain network Jupnet will be launched

Headlines

▌CZ: The "currency" of artificial intelligence is cryptocurrency

Binance co-founder CZ posted on the X platform that the "currency" of artificial intelligence is cryptocurrency.

▌Jupiter announced that it will launch the full-chain network Jupnet

Solana on-chain DEX Jupiter announced that it will launch the full-chain network Jupnet. Jupnet will consist of three key parts: 1. DOVE network, DOVE stands for Decentralized Oracles, whose function is verification and execution. 2. Omnichain distributed ledger network, by creating a single decentralized trusted source between oracles, validators, and executors, we can easily achieve the next major feature - Jupnet can host a full-chain distributed ledger, no matter how many chains, users or transactions flow in the system. 3. Aggregate decentralized identity (ADI), for Jupnet, we hope that all users and developers will no longer use wallets as the main user experience (UX) and development experience (DX) mode, but adopt a more friendly way, such as account system, and support their familiar functions, such as multi-factor authentication (MFA) and account recovery.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $104,584, with a daily increase or decrease of -0.1%;

ETH's latest transaction price is $3,326.74, with a daily increase or decrease of +1.0%;

BNB's latest transaction price is $688.90, with a daily increase or decrease of +1.1%；

SOL's latest transaction price is 256.14 US dollars, and its intraday increase or decrease is +0.2%；

DOGE's latest transaction price is 0.3545 yuan, and its intraday increase or decrease is +1.6%；

XPR's latest transaction price is 3.12 US dollars, and its intraday increase or decrease is +1.0%.

Policy

▌It is extremely unlikely that the U.S. government will use a unified blockchain across all departments and agencies

Zach Rynes, Chainlink Community Liaison Officer, said on the X platform that it is extremely unlikely that the U.S. government will use a unified blockchain across all departments and agencies. The U.S. government will eventually use a large number of private and public ledgers for a variety of different purposes, such as improving spending transparency or automating manual processes. What is certain is that: - All these different public/private blockchain ledgers need to be able to communicate and share data between agencies through cross-chain interoperability standards; - Agencies need to be able to seamlessly connect their existing back-end systems and infrastructure to the various public/private chains used by the government through an abstraction layer; - Agencies that use blockchain to automate manual processes need to access external data resources in order to securely trigger smart contract functions using oracles; Only a unified platform can meet all these off-chain data, cross-chain interoperability, and legacy system connection requirements.

Blockchain Applications

▌Taiko announces strategic cooperation with OpenZeppelin to develop the next-generation BasedRollup stack

On January 25, the Ethereum L2 network announced a strategic cooperation with OpenZeppelin to develop the next-generation BasedRollup stack, taking BasedRollup to a new level. Some key goals include solving scalability, interoperability and composability issues. It is reported that BasedRollup is a set of L2 solutions that directly utilize the L1 blockchain sorting function. This model achieves smooth integration by taking full advantage of the decentralization, activity and security features of L1. Ethereum researcher JustinDrake proposed the concept of BasedRollups in March 2023 to overcome the problems faced by existing Rollup solutions.

Cryptocurrency

▌The number of altcoins currently exceeds 36.4 million

On January 25, on-chain analyst Ali tweeted that the number of altcoins currently exceeds 36.4 million; during the altcoin peak season in 2017-2018, the number of altcoins was less than 3,000, and in 2013-2014 there were even less than 500.

▌Hong Kong court sends legal writ through cryptocurrency wallet for the first time

On January 25, a court order in Hong Kong related to a fraud claim was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology. Experts said that this novel approach will set a precedent for other jurisdictions and enhance Hong Kong's attractiveness as a technology center. After a Hong Kong company fell victim to a false statement scam and lost more than $2.6 million, the injunction was served to the unknown holders of two wallet addresses on the Tron blockchain, prohibiting them from disposing of assets "globally and in Hong Kong." The plaintiff in the civil lawsuit is a marketing consulting company Worldwide A-Plus, which transferred $2.66 million worth of Tether (a stablecoin pegged to the US dollar) to two wallets controlled by scammers who claimed to be sales staff of an online marketing platform that had been hacked. The order, which names the unknown holders of the two wallets as defendants in the case, was approved by Superior Court Associate Judge Douglas Lam on Dec. 5 and subsequently served by law firm Ravenscroft & Schmierer in the form of a “tokenized legal notice.”

▌ECB Board Member: Trump’s push for dollar-backed stablecoins could “further undermine banks’ intermediation role”

At the Frankfurt conference, ECB board member Piero Cipollone stressed the need for a digital euro (CBDC). He cited concerns about Trump’s push for dollar-backed stablecoins, which he warned could “further undermine banks’ intermediation role.”

▌Cathie Wood believes crypto deregulation has "unleashed animal spirits"

ARK Invest CEO Cathie Wood provides an in-depth analysis of how Donald Trump's return to the White House will change the cryptocurrency landscape. Wood expressed optimism about Trump's economic agenda and explained how the new administration can "turn fear into optimism" and how deregulation can "unleash animal spirits." She said ARK's investment strategy has begun to show positive momentum as risk appetite increases. However, Wood stressed that their basic approach to investing in innovation remains unchanged.

Important Economic Dynamics

▌TD Securities: ECB expected to cut interest rates by 25 basis points next week

The European Central Bank will announce its interest rate decision on Thursday, and the market generally expects the bank to cut interest rates. TD Securities foreign exchange analysts pointed out that since the data is consistent with the ECB's December forecast or weaker, this meeting may directly cut interest rates by 25 basis points.

Golden Encyclopedia

▌What is a teardrop attack in encryption?

In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they do not target the blockchain's encryption algorithm, damaging the underlying peer-to-peer network infrastructure that cryptocurrencies rely on can lead to service interruptions, loss of funds, and a decline in user trust. Attackers can interfere with the consensus process, transaction verification, or node-to-node communication by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays, or even complete shutdown.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to raise risk awareness.