CATI

Mind Network launches the fully homomorphic encryption verification network MindV Hubs, introducing FHE voting and delegation features

ChainCatcher news, the fully encrypted network Mind Network based on FHE has officially launched the FHE voting feature and verification network Hubs today at 16:00. Users can participate in voter registration with zero barriers or use vFHE to participate in Hubs delegation.Mind Network is incubated by Binance Labs and recently announced the completion of a $10 million Pre-A round of financing. Last month, it launched the voting product MindV based on fully homomorphic encryption (FHE). The newly launched MindV Hubs include two foundational module networks: FCN (Consensus Network) and FDN (Decryption Network), as well as the fully homomorphic encryption random number generator RandGen.Existing vFHE holders can participate in delegation and earn rewards. MindV Hubs are temporarily open for 10,000 early voter slots, and registration does not require holding vFHE. Additionally, future Hubs partners have been previewed, including InfStones, KIP Protocol, Rivalz Network, Lumoz, CARV, DIN, and Inferix.Mind Network is the first Web3 fully encrypted infrastructure based on FHE, providing end-to-end encryption for AI and Web3 networks through innovative fully homomorphic encryption, and offering solutions for data sovereignty protection, fair consensus, encrypted voting, and secure cross-chain transfers.

Vitalik: Simply issuing tokens and creating exchanges signifies the failure of the industry; this year is the best time to create meaningful applications

ChainCatcher message, Ethereum co-founder Vitalik expressed in an interview with Tencent's "Deep Dive" that he is concerned that if particularly smart people do not engage in Crypto, those who remain in the Crypto space may not have any interesting ideas, and the only applications will be the financial applications that have been around for many years. This would lead to a situation where—issue a token, create an exchange; issue another token, create another exchange; issue yet another token, this token features cute dogs—these things are fun, but if they are the only things our industry is doing, then the industry is failing. The challenge our industry faces is to create applications that are both meaningful and widely engaging.Regarding why the Ethereum ecosystem and the Web3 ecosystem still lack practical applications, Vitalik stated that before this year, transaction fees were too high, some important technologies were not mature, and issues related to account security and privacy had not been resolved. Therefore, before this year, our industry did not have enough technology to create applications that ordinary people could participate in. One reason for the success of DeFi applications is that DeFi can generate more money. This year, we have finally started to address these issues. This year is the best time to create meaningful applications.

Data: BlackRock's Bitcoin spot ETF options debuted trading this Tuesday, with a call/put ratio of 4.44 indicating that investors are generally bullish

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.
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