🚀 Fed Officials to Speak Before Pre-Meeting Silence Period
#FederalReserve #InterestRates #EmploymentReport #EconomicGrowth #Inflation #RateCut #PreMeetingSilence #JobGrowth #UnemploymentRate
According to Odaily, Friday marks the last day before the Federal Reserve officials enter their pre-meeting silence period. Federal Reserve's Williams and Governor Waller are scheduled to speak after the release of the employment report, providing the final opportunity to set expectations for the upcoming meeting. With economic growth and inflation slowing, adjusting the interest rate from the current 5.3% to around 4.5% seems more reasonable. If there are no signs that July's weak employment will continue into August, some Fed officials may resist a significant rate cut of 50 basis points. However, officials who were open to a rate cut at the July meeting might support a 50 basis point cut in September if the unemployment rate rises again and job growth further slows.#FederalReserve #InterestRates #EmploymentReport #EconomicGrowth #Inflation #RateCut #PreMeetingSilence #JobGrowth #UnemploymentRate
🚀 Telegram Updates FAQ, Removes Privacy Assurance Statement
#Telegram #Privacy #FAQ #Updates #Messaging
According to Odaily, Telegram has quietly updated its Frequently Asked Questions (FAQ) section, removing a statement that previously assured users of the privacy of all chats and group conversations. The deleted statement read, 'All Telegram chats and group chats are private conversations between participants. We do not process any requests related to them.' This change was highlighted by @tier10k on the X platform.#Telegram #Privacy #FAQ #Updates #Messaging
🚀 DeFi And Social dApps See Significant Growth In August
#DeFi #dApps #blockchain #uniqueactivewallets #Raydium #Uniswap #socialdApps #gamingapplications #Augustgrowth #RAY
According to Odaily, a report from DappRadar reveals that the number of daily unique active wallets (dUAW) for DeFi and social decentralized applications (dApps) saw a significant increase in August. The average dUAW across the entire dApp industry reached a record 17 million, marking a 9% rise from the previous month.
Decentralized exchanges Raydium and Uniswap v2 were among the most active applications in the blockchain sector during August, with 18.8 million and 4.8 million monthly unique active wallets, respectively. This made them the second and fourth most active applications in the blockchain space for the month.
Social dApps accounted for 23% of the industry, with 3.9 million dUAW in August, coming in just behind gaming applications, which held a 24% share.#DeFi #dApps #blockchain #uniqueactivewallets #Raydium #Uniswap #socialdApps #gamingapplications #Augustgrowth #RAY
🚀 Penpie Attackers Transfer 9600 ETH to Tornado Cash
#Penpie #ETH #TornadoCash #CertiK #Cryptocurrency #Hacking #Blockchain
According to Odaily, CertiK Alert has reported that the attackers behind the Penpie incident have transferred 9600 ETH, equivalent to approximately $23 million, to Tornado Cash through multiple addresses.#Penpie #ETH #TornadoCash #CertiK #Cryptocurrency #Hacking #Blockchain
🚀 Telegram Expands Moderation To Private Chats Amid Legal Scrutiny
#Telegram #Moderation #PrivateChats #IllegalContent #PavelDurov #LegalScrutiny #UserSafety #MessagingApp #PlatformChanges #CriminalActivities
According to CoinDesk, Telegram has significantly changed its approach to moderating illegal content on its platform following the arrest of CEO Pavel Durov in France. Durov was detained for allegedly failing to control law-breaking activities on the messaging app. In response, Telegram has extended its moderation capabilities to include private chats, allowing users to flag illegal content for review. This marks a departure from the app's previous policy, which treated private groups as off-limits for moderation.
The policy shift, quietly updated on Telegram's FAQ page, could alter the app's reputation as a haven for illegal activities, a claim made by French authorities. Last month, Durov was arrested in France for allegedly permitting criminal activities to proliferate on the platform. Although Durov has dismissed the charges as baseless, he is required to stay in France until his trial.
In a Telegram post earlier on Thursday, Durov acknowledged that the app's rapid growth had inadvertently made it easier for criminals to exploit the platform. He assured users that changes would be implemented to prevent such abuses. Durov emphasized his commitment to safeguarding the platform for its over 950 million users, stating that he is still trying to understand the situation in France but is attentive to the concerns raised.#Telegram #Moderation #PrivateChats #IllegalContent #PavelDurov #LegalScrutiny #UserSafety #MessagingApp #PlatformChanges #CriminalActivities
🚀 Global Affairs Head Nick Pickles to Depart Social Media Platform X
#NickPickles #SocialMedia #LeadershipChange #PlatformX #GlobalAffairs #Departure
According to Odaily, market sources have reported that Nick Pickles, the Global Affairs Head of the social media platform 'X,' is set to leave his position. This development marks a significant change in the leadership of the platform, which has been navigating various challenges in the social media landscape. Further details about Pickles' departure and the potential impact on the company are yet to be disclosed.#NickPickles #SocialMedia #LeadershipChange #PlatformX #GlobalAffairs #Departure
🚀 US Non-Farm Payroll Data Crucial for Citibank and JPMorgan's Rate Cut Predictions
#NonFarmPayroll #Citibank #JPMorgan #RateCut #USDollar #InterestRates #FederalReserve #EconomicForecast #ForexTraders #MarketSentiment
According to Odaily, the upcoming release of the US non-farm payroll data on Friday will be a significant test for Citibank and JPMorgan, who have boldly predicted a 50 basis point rate cut in September. For over a year, foreign exchange traders have not been this excited ahead of the US employment report. On the eve of the crucial non-farm payroll data release, options used to measure the dollar's exchange rate against major trading partners have reached their highest level since March 2023. Risk reversal data indicates a bearish sentiment towards the dollar. Since the weaker-than-expected July non-farm payroll data was released on August 2, Citibank and JPMorgan have been forecasting that the Federal Reserve will cut rates by 50 basis points in both September and November, and by 25 basis points in December. Interest rate swap contracts show that there is approximately a 35% chance of a significant 50 basis point rate cut at the Federal Reserve's September 17-18 meeting, although traders and economists believe a 25 basis point cut is more likely.#NonFarmPayroll #Citibank #JPMorgan #RateCut #USDollar #InterestRates #FederalReserve #EconomicForecast #ForexTraders #MarketSentiment
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a Narrowed 1.92% Decrease in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
On Sep 06, 2024, 02:10 AM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,402.189941 USDT, with a narrowed narrowed 1.92% decrease in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #Binance #marketdata #trading
🚀 John Paulson Predicts US Federal Reserve Rate Cuts by 2025
#JohnPaulson #FederalReserve #RateCuts #InterestRates #MonetaryPolicy #Inflation #EconomicPolicy
According to Odaily, billionaire investor John Paulson has forecasted that the US Federal Reserve will reduce interest rates to as low as 2.5% by the end of 2025. Paulson criticized the Fed for being slow in cutting rates and suggested that measures to lower rates will be taken in the coming months. In an interview with Bloomberg Television, he estimated that the federal funds rate could drop to 3%, or even 2.5%, next year. He highlighted that maintaining high real interest rates, which is the difference between bond yields and the current inflation rate, indicates that the Fed is lagging in easing monetary policy. Paulson also emphasized the importance of comments from the President and the Treasury Secretary on economic policy.#JohnPaulson #FederalReserve #RateCuts #InterestRates #MonetaryPolicy #Inflation #EconomicPolicy
🚀 Bitcoin Spot ETF Sees Significant Outflow
#Bitcoin #SpotETF #NetOutflow #Finance #Cryptocurrency #BTC
According to Odaily, Trader T reported on platform X that the U.S. Bitcoin spot ETF experienced a net outflow of $211.16 million yesterday.#Bitcoin #SpotETF #NetOutflow #Finance #Cryptocurrency #BTC
🚀 Base Records Significant Growth in August
#Base #Growth #Crypto #Users #TransactionVolume #DailyActiveUsers #August
According to Odaily, crypto influencer dopeoxide shared on the X platform that Base experienced substantial growth in August. The platform reported 12 million new users and a transaction volume exceeding $11.5 billion. Additionally, Base achieved over 1 million daily active users for the first time, indicating a promising future for the platform.#Base #Growth #Crypto #Users #TransactionVolume #DailyActiveUsers #August
🚀 Ordinals Founder Addresses Allegations Against Node Monkey Creator
#Ordinals #NodeMonkey #Casey #BitcoinNFTs #rocktoshi #allegations #threats #ecosystem
According to Odaily, Casey, the founder of Ordinals, recently took to the X platform to clarify that rocktoshi, the creator of Node Monkey, was not the reason Casey began researching Bitcoin NFTs and did not contribute any meaningful ideas to Ordinals. Casey further revealed that rocktoshi had sent him threatening, coercive, and insulting emails for several months. Many individuals within the ecosystem who have interacted with rocktoshi have reported similar experiences of prolonged threats.#Ordinals #NodeMonkey #Casey #BitcoinNFTs #rocktoshi #allegations #threats #ecosystem
🚀 Ethereum Core Developers Discuss Consensus Layer Modifications and Pectra Upgrade
#Ethereum #CoreDevelopers #ConsensusLayer #PectraUpgrade #EIP7251 #BeaconBlock #PeerDAS #Devnet2 #ETH
According to Foresight News, Galaxy Research Vice President Christine Kim summarized the 141st Ethereum Core Developers Consensus (ACDC) call. This week, developers discussed modifications to the Ethereum consensus layer (CL), various updates to the consensus layer specifications and engine API in the Pectra upgrade, including EIP 7251 and Beacon block bodies. They also addressed how to solve proof calculation issues for resource-constrained node operators, primarily home stakers, in PeerDAS. PeerDAS Devnet 2 is expected to be rebuilt based on the Pectra upgrade rather than Deneb.#Ethereum #CoreDevelopers #ConsensusLayer #PectraUpgrade #EIP7251 #BeaconBlock #PeerDAS #Devnet2 #ETH
🚀 Uniswap Founder Warns Of Hacked X Accounts With Gray Check Marks
#Uniswap #HaydenAdams #hackedaccounts #graycheckmarks #cryptowarning #vigilance #UNI
According to Foresight News, Uniswap founder Hayden Adams has issued a warning regarding X accounts displaying gray check marks. Adams stated that such accounts have likely been hacked or had their names altered by hackers. He emphasized the need for vigilance, as several industry figures, including himself, have received private messages from these compromised accounts.#Uniswap #HaydenAdams #hackedaccounts #graycheckmarks #cryptowarning #vigilance #UNI
🚀 Vitalik Buterin Reaffirms Commitment to Ethereum Ecosystem and Charity
#VitalikButerin #Ethereum #Charity #PublicGoods #Blockchain #Tokenomics #L2 #Cryptocurrency #Donation #ETH
According to Odaily, Vitalik Buterin, co-founder of Ethereum, reiterated on August 31 that he has not sold Ethereum for personal profit since 2018. In a tweet, Buterin clarified that this principle also applies to his holdings of Layer 2 (L2) tokens and other project tokens. He emphasized that all proceeds from these tokens will be donated to support public goods within the Ethereum ecosystem or broader charitable causes. Buterin stated that he does not plan to invest in L2 or other token projects in the foreseeable future. His goal in funding projects is to support what he believes to be valuable, especially when other parts of the ecosystem might undervalue them. Looking ahead, Buterin intends to achieve this solely through donations.#VitalikButerin #Ethereum #Charity #PublicGoods #Blockchain #Tokenomics #L2 #Cryptocurrency #Donation #ETH
🚀 Rocktoshi Responds to Ordinals Founder Casey Rodarmor's Tweet
#Rocktoshi #Ordinals #CaseyRodarmor #TwitterResponse #Defamation #Forgiveness
According to Foresight News, Rocktoshi has responded to a tweet by Ordinals founder Casey Rodarmor. In his response, Rocktoshi stated, 'I am not a fraud, and everyone who knows me, including Casey, is aware of this. I believe you, Casey, should stop the personal attacks and defamation. It is disgusting and unnecessary. I wish you all the best. I forgive you.'#Rocktoshi #Ordinals #CaseyRodarmor #TwitterResponse #Defamation #Forgiveness
🚀 Ordinals Founder Clarifies Rocktoshi's Role in Project
#Ordinals #Rocktoshi #CaseyRodarmor #cryptocurrency #blockchain #development #projectclarification
According to Foresight News, Casey Rodarmor, the founder of Ordinals, has clarified that Rocktoshi is not a co-founder of the Ordinals project. Rodarmor stated that although they knew each other before the Ordinals project, Rocktoshi did not contribute significantly to the core development of the project. Rodarmor revealed that in February 2023, he briefly established Ordinals Corporation, where Rocktoshi was one of the four co-founders. However, this company only lasted for three months and was not involved in the development of the Ordinals protocol.#Ordinals #Rocktoshi #CaseyRodarmor #cryptocurrency #blockchain #development #projectclarification
🚀 SmartChain Invests In SmartWatch To Enhance DePIN Ecosystem
#SmartChain #SmartWatch #DePIN #Web3 #CoralApp #Blockchain #DAO #Ecosystem #Investment
According to Odaily, the public blockchain SmartChain, which focuses on the DePIN sector, has announced its investment in SmartWatch as a crucial component of its ecosystem. This move aims to provide diversified services and participation opportunities for users through strategic collaborations with the DePIN DAO Ecosystem Alliance and the leading Web3 mobile platform CoralApp. The initiative is expected to accelerate the development and implementation of Web3 DePIN applications.#SmartChain #SmartWatch #DePIN #Web3 #CoralApp #Blockchain #DAO #Ecosystem #Investment
🚀 NodeMonkes NFT Floor Price Drops Over 17% in 24 Hours
#NodeMonkes #NFT #FloorPrice #BTC #MagicEden #TradingVolume #Crypto #Rocktoshi #Ordinals #CaseyRodarmor
According to BlockBeats, the floor price of the NodeMonkes NFT series has dropped to 0.108 BTC, marking a decline of over 17% within the past 24 hours, as per data from MagicEden. The total trading volume for this NFT series has reached 4851 BTC, with approximately 5600 holding addresses and around 1500 listed sell orders.
Previously, BlockBeats reported that on September 4, NodeMonkes founder Rocktoshi claimed on social media to be a co-founder of Ordinals. This claim was subsequently refuted by Ordinals founder Casey Rodarmor, who stated that Rocktoshi's assertions were false and that he is notorious within the community. Despite this, Rocktoshi maintains that his statements are truthful.#NodeMonkes #NFT #FloorPrice #BTC #MagicEden #TradingVolume #Crypto #Rocktoshi #Ordinals #CaseyRodarmor
🚀 New AI Chatbot Learns From Its Mistakes
#AI #Chatbot #HyperWrite #Reflection70B #OpenSource #ReflectionTuning #LanguageModels #SelfCorrection #AIHallucinations #ArtificialGeneralIntelligence #Microsoft #OpenAI #MachineLearning #TechInnovation
According to Cointelegraph, a new artificial intelligence chatbot named 'Reflection 70B' has been introduced by HyperWrite AI. CEO Matt Shumer announced the development on Sept. 5, claiming it to be the world's top open-source model. The AI was trained using a technique called 'Reflection-Tuning,' designed to enable large language models (LLMs) to correct their own mistakes.
Reflection Llama-3.1 70B, which is Meta's open-source AI launched in July, can compete with top closed-source models like Anthropic’s Claude 3.5 Sonnet and OpenAI’s GPT-4o in several benchmarks, according to Shumer. He explained that current AI models often hallucinate, meaning they generate inaccurate outputs by perceiving patterns or objects that do not exist. Reflection-Tuning aims to address this by allowing AI to recognize and correct its mistakes before finalizing an answer.
Reflection tuning involves feeding AI responses back into the model, asking it to evaluate its own outputs to identify strengths, weaknesses, and areas for improvement. This iterative process helps the AI continuously refine its capabilities, making it more self-aware and better at critiquing and improving its performance. Shumer noted that with the right prompting, the new model is highly effective for various use cases.
In 2023, Microsoft-backed OpenAI released a research paper discussing methods to prevent AI hallucinations. One proposed idea was 'process supervision,' which involves training AI models to reward themselves for each correct step of reasoning rather than just the final correct conclusion. Karl Cobbe, a researcher at OpenAI, emphasized the importance of detecting and mitigating logical mistakes or hallucinations as a critical step towards building aligned artificial general intelligence (AGI).#AI #Chatbot #HyperWrite #Reflection70B #OpenSource #ReflectionTuning #LanguageModels #SelfCorrection #AIHallucinations #ArtificialGeneralIntelligence #Microsoft #OpenAI #MachineLearning #TechInnovation