Itheum’s role in addressing the data needs of the AI era Artificial intelligence is developing at an unprecedented pace, with the global AI market projected to surpass $1.8 trillion by 2030. Advancements in machine learning, natural language processing and other AI technologies are projected to result in a compound annual growth rate of 19.1% for the sector in the 2024-2034 period. These innovations all require vast amounts of diverse, high-quality training data. However, valuable data is often locked in centralized systems or scattered across multiple isolated platforms, creating one of the greatest barriers to AI development. Concerns over data privacy, ownership and security further exacerbate these issues and deter individuals and organizations from opening up their data sets.
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Bitcoin is overdue a correction. How low could prices go post-Trump Inauguration? Bitcoin’s rally is hitting a wall, and the numbers are lining up for a big correction in the next month. October saw the global money supply hit a peak of $108.5 trillion, pushing Bitcoin to its record $108,000 high. But here’s the twist: over the last two months, the money supply has dropped by $4.1 trillion, now sitting at $104.4 trillion—its lowest since August. Historically, Bitcoin lags behind money supply by about ten weeks. If that pattern holds, prices could sink by as much as $20,000 in the weeks after president Donald Trump’s inauguration. Analysts are pointing to Bitcoin’s current phase as a mid-top correction—a pattern seen before in 2012, 2016, and 2020.
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MegaETH developer raises $10 million in 3 minutes on Cobie's EchoMegaLabs, the developer of a "real-time" blockchain called MegaETH, raised $10 million in under three minutes on Echo, the angel investor platform founded by popular crypto trader Jordan Fish, better known as Cobie. MegaLabs initially aimed to raise $4.2 million and hit that target in just 56 seconds after the sale went live late Thursday, co-founder Shuyao Kong told The Block. Due to overwhelming investor demand, the project decided to raise an additional $5.8 million, which was fully funded in 70 seconds, Kong said. The Echo round was structured as equity plus token warrants, the same as MegaLabs' $20 million seed round in June, Kong said. Both rounds were conducted at the same "9-figure" valuation, meaning at least $100 million, she added. This was despite an over-the-counter (OTC) market valuing MegaLabs "significantly higher," according to Kong.
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