BTC $84,580.09 +0.34%
ETH $2,688.32 +0.19%
BNB $777.46 +1.23%
XRP $1.55 +2.91%
SOL $117.31 +2.00%
TRX $0.3401 -0.80%
DOGE $0.0963 +3.66%
ADA $0.2493 +4.76%
BCH $338.72 +0.02%
LINK $13.27 +8.09%
HYPE $91.26 -2.84%
AAVE $146.24 +5.72%
SUI $1.02 +7.72%
XLM $0.2223 +10.18%
ZEC $1,549.24 +2.48%
AAPL $335.74 -0.22%
AMZN $249.11 +0.28%
GOOGL $341.68 +0.80%
MSFT $496.28 -0.69%
META $776.06 +4.99%
NVDA $223.91 -0.44%
TSLA $378.19 -0.27%
SNDK $1,763.33 -2.53%
INTC $127.12 +4.47%
SPCX $148.11 -0.53%
MU $1,077.77 +0.90%
AMD $629.66 +2.98%
BTC $84,580.09 +0.34%
ETH $2,688.32 +0.19%
BNB $777.46 +1.23%
XRP $1.55 +2.91%
SOL $117.31 +2.00%
TRX $0.3401 -0.80%
DOGE $0.0963 +3.66%
ADA $0.2493 +4.76%
BCH $338.72 +0.02%
LINK $13.27 +8.09%
HYPE $91.26 -2.84%
AAVE $146.24 +5.72%
SUI $1.02 +7.72%
XLM $0.2223 +10.18%
ZEC $1,549.24 +2.48%
AAPL $335.74 -0.22%
AMZN $249.11 +0.28%
GOOGL $341.68 +0.80%
MSFT $496.28 -0.69%
META $776.06 +4.99%
NVDA $223.91 -0.44%
TSLA $378.19 -0.27%
SNDK $1,763.33 -2.53%
INTC $127.12 +4.47%
SPCX $148.11 -0.53%
MU $1,077.77 +0.90%
AMD $629.66 +2.98%

earn

All
Article
Flash

first_img Citigroup: AI continuous learning will extend the storage supply shortage until 2031

Citigroup analysts pointed out that leading memory chip manufacturers are expected to benefit from the structural changes in the development of artificial intelligence. The agency anticipates that continuous learning will drive a significant increase in memory demand, leading to a supply shortage in the market that will continue until 2031. Continuous learning strengthens models by training on new tasks and knowledge, which will create a sustained demand for model updates and access to historical data, driving the storage usage of products such as HBM, server DDR5, and eSSD.Citigroup expects HBM bit demand to grow by 62% year-on-year to 75.2 billion gigabits in 2027, and by 69% year-on-year to 127 billion gigabits in 2028. Global DRAM demand is expected to grow by 30% and 35% year-on-year in 2027 and 2028, respectively, while supply is expected to grow by only 19% and 22% during the same period, resulting in supply-demand ratios of -8.7% and -9.7%. In terms of NAND, demand is expected to grow by 29% and 33% year-on-year in 2027 and 2028, respectively, exceeding supply growth of 21% and 25%, with supply-demand ratios of -6.1% and -5.5%.Citigroup's preferred storage targets include Samsung Electronics, SK Hynix, Micron, Sandisk, and Kioxia, corresponding to the logic of storage shortages brought about by continuous learning, demand for HBM and server DDR5, DRAM supply shortages, and tightening supply of high-density eSSD and NAND.

first_img Kraken launched xStocks Vault, allowing users to stake tokenized stocks to earn yields

According to The Defiant, Kraken has launched three xStocks vaults, allowing eligible customers to deposit SPYx, QQQx, and NVDAx into the vaults while earning floating returns while retaining exposure to tokenized stocks or ETFs. The vault initially shows an estimated net APY of 2% for SPYx and QQQx, and 1.8% for NVDAx. Kraken charges a 25% performance fee on vault earnings, and the displayed interest rate has already deducted this fee; rewards will be converted into the same type of xStock and automatically reinvested into the customer's balance.The strategy is designed by Sentora and is responsible for risk management, while Veda provides the vault infrastructure. After customers deposit xStock, Kraken transfers it to an embedded self-custody wallet on Ink, packages it, and deposits it into the Veda vault; Sentora then cross-chain transfers the packaged xStock to Solana and deposits it as collateral in the Kamino lending market. After borrowing stablecoins, it is deployed into selected DeFi strategies, and the returns are ultimately converted back into the deposited xStock. Customers do not need an external wallet or mnemonic phrase but can export the private key; redemption requires a three-day wait for funds to arrive.Kraken's documentation shows that the strategy uses leverage to generate returns by borrowing stablecoins and lists risks such as smart contracts, liquidity, bad debts, liquidation, cross-chain execution, and downstream assets, with losses shared proportionally among vault users. xStock holders do not have voting rights, dividend rights, or legal claims to the underlying stocks. The vault is currently available to the European Economic Area and other supported markets, while users from the United States, United Kingdom, Canada, Australia, the United Arab Emirates, and sanctioned countries cannot use it.

Gemini receives arbitration support: no liability for the collapse of the Earn lending program

According to CNBC, Gemini Space Station won a legal victory in August, with arbitrators ruling that the cryptocurrency exchange platform did not mislead users and is not responsible for the collapse of its Earn lending program. The claim was made by a user of the digital asset company's lending program Earn at the end of 2024. According to the ruling, there was insufficient evidence to prove that Gemini lied to customers or was negligent in its due diligence with its main lending partner, Genesis Global Capital.The Earn program was launched in 2021, allowing users to earn up to 7.4% annualized returns by lending cryptocurrency. Under this program, Gemini lent assets to institutional borrowers, with Genesis acting as an intermediary. However, in November 2022, Gemini suspended withdrawals from the Earn program, angering some of its more than 300,000 users. This move came shortly after Genesis suspended new loan issuance and redemptions due to a liquidity crisis caused by the downturn in the cryptocurrency market that year. After the freeze on Earn withdrawals, several customers filed legal complaints against Gemini. The New York Attorney General also sued Gemini over the Earn program and reached a $50 million settlement with the company in 2024.In February 2024, Gemini announced that the company had reached a "principled settlement" with Genesis and other creditors regarding the Genesis bankruptcy case. Three months later, Earn users received $2.18 billion in digital assets in physical form, equivalent to 97% of the digital assets owed to Earn users, which is $1 billion more than when Genesis suspended withdrawals in 2022.
app_icon
ChainCatcher Building the Web3 world with innovations.