challenges

Bitget CEO stated in an interview with Bloomberg TV: Altcoin ETFs such as DOGE and SOL still face multiple challenges

ChainCatcher news, Bitget CEO Gracy Chen was invited to attend a Bloomberg TV interview. In the interview, Gracy mentioned that Bitcoin is fluctuating around the $100,000 mark, reflecting a strong "arbitrage" sentiment in the short-term market. She pointed out that especially some whale users who started accumulating positions in 2022 have an average holding cost of only about $20,000. Although future cryptocurrency regulations in the U.S. may become more lenient, the related uncertainties remain an important consideration for investors, and some investors choose to cash out at the current price level.At the same time, Bitcoin's recent performance has provided more opportunities for altcoins. However, regarding the rumors circulating in the market that "ETFs for altcoins like DOGE and SOL may soon be approved," she believes there are still multiple challenges: first, the issue of approval order. Based on the experience of Bitcoin and Ethereum ETFs being approved, the mainstream market usually first approves futures ETFs, followed by spot ETFs for related assets, and none of these altcoins' futures ETFs have been approved yet; second, regulatory discrepancies, as some regulatory agencies still dispute whether tokens like SOL are considered securities, which may affect the related approval process; third, the risk of market manipulation, as most altcoins are not as decentralized as BTC and ETH, making the possibility of market manipulation relatively higher.

"DeInsight 2024" Roundtable Discussion: Decentralized AI & Depin Facing Multiple Challenges such as Supply-Side Oversupply and Privacy Risks

ChainCatcher on-site report****,**** io.net Asia-Pacific Regional Head Asa, Multiple Network APEC Director Frank, Olares Partner Cryptobird, Network3 Marketing Head Eliza, and Open Data Labs CEO and Vana Co-founder Anna Kazlauskas jointly attended "DeInsight 2024" and engaged in an in-depth discussion on the development challenges, incentive models, and future trends of decentralized AI & Depin in a roundtable titled "New Forces in Decentralized AI & Depin."Asa stated that the biggest challenge faced by io.net in its early days was balancing decentralization with reliability. When its network allows anyone, any hardware, and any account to enter, ensuring there are no fake accounts and maintaining network performance is no easy task.Anna Kazlauskas mentioned the challenge of oversupply on the supply side. When a value network built on a large amount of computing power, data, and other resources cannot ensure alignment with the demand side, the actual assets behind it may hold no value.Regarding the industry issue of oversupply on the supply side, Frank mentioned that Multiple Network suggests distinguishing whether devices in decentralized AI projects are in standby or working status and using targeted token incentives to reduce unnecessary consumption on the supply side and lower token output.The guests generally believe that the decentralized AI & Depin industry is in its early stages and has not yet found widely accepted and recognized application scenarios. Eliza shared a marketing perspective, noting that decentralized AI & Depin often face competitors in the traditional IoT and consumer markets. Providing users with more practical scenarios that allow them to use and benefit directly is a key issue for the next stage.Additionally, the guests commonly mentioned the challenges faced by decentralized AI & Depin projects in protecting user privacy data.Remote participation👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html(Source link)
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