ChainCatcher news, according to Decrypt, the Web3 structured and verification system The Grid has completed a €600,000 funding round, with details of the investors not yet disclosed.The Grid is a Web3 structured and verification system that employs the Four Eyes principle. The current ecosystem is like Google Maps, and Grid aims to incorporate a more informative system.

ChainCatcher news, according to the announcement from WEEX exchange, the platform will launch the 41st WE-Launch project AGRIDex (AGRI) on December 19 at 15:00 UTC+8. Users who invest ≥ 1,000 WXT before December 24 at 15:00 UTC+8 will be able to share an airdrop of 181,818 AGRI tokens based on their effective investment proportion. WEEX will open AGRI trading on December 24 at 16:00 UTC+8.AgriDex is a blockchain-based digital marketplace that improves agricultural trade by providing a low-cost, instant settlement system and complete transparency across the entire agricultural value chain. The AgriDex platform eliminates friction and costs in agricultural product transactions, ensuring better prices for producers and better transparency and standards for consumers.

ChainCatcher news, according to The Block, the Solana-based tokenization platform AgriDex has completed a $4 million strategic funding round, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors such as Palantir's Tobechi Bolanle Taiwo and Perena's Anna Yuan also participated in this round of financing. Previously, AgriDex completed a $5 million pre-seed funding round, bringing its total funding to $9 million.With the support of the new round of funding, AgriDex plans to tokenize and process $4.5 billion in unfinished trade commitments from partners such as Future Farms, Oldenburg, and Parrogate Group. The platform also plans to expand its coverage to tokenize and trade new commodities such as West African cocoa and Eastern European wheat.Additionally, according to the Web3 asset data platform RootData, Agridex is a Solana-based RWA market that is reshaping the global agricultural industry. It provides participants in the agricultural sector with a transparent, integrated marketplace, featuring its own internal economy. Utilizing on-chain fiat, smart contracts, and participant reviews, AgriDex offers a fully compliant and streamlined solution for agricultural supply chain management.

ChainCatcher news, according to Watcher.Guru, asset management giant Macquarie, with an asset management scale of 870 billion dollars, stated that Bitcoin mining can support the local power grid.

ChainCatcher news, according to Decrypt, the Bernese Cantonal Parliament in Switzerland passed a proposal with 85 votes in favor and 46 against, which will explore the use of Bitcoin mining to absorb surplus electricity and stabilize the grid. The proposal was introduced by a bipartisan Bitcoin parliamentary group on March 14, 2024, and was approved despite government opposition. The proposal requires the government to submit reports on three key aspects: identifying unused energy areas in Bern, assessing the feasibility of collaborating with Swiss mining companies for Bitcoin mining, and analyzing its potential to stabilize the grid during fluctuations in power supply.

ChainCatcher news, the Texas Public Utility Commission has passed a regulation requiring Bitcoin miners using the grid maintained by the Electric Reliability Council of Texas (ERCOT) to register and share key details about their facilities.According to the recently passed Texas Public Utility Commission (PUCT) rules, Bitcoin miners must share their facility's location, ownership information, and power requirements with state government agencies. Miners have only one business day to register from the date their facility connects to the ERCOT grid, and they must renew their registration by March 1 of each year.ERCOT is an independent system operator that accounts for 90% of the state's electricity load. According to PUCT Chairman Thomas Gleeson, the new regulations are intended to help manage the grid as more mining facilities come online.Gleeson stated, "To ensure the reliability of the ERCOT grid and meet the electricity needs of all Texans, PUCT and ERCOT need to understand the location and power requirements of virtual currency miners."

ChainCatcher news, as reported by Bitcoin Magazine, Robert F. Kennedy Jr. recently stated in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids.He pointed out that while the power grid is under pressure from manufacturing, electric vehicles, and data centers, the electricity consumption pattern of Bitcoin mining is different from traditional usage and can have a positive impact on the grid. Kennedy emphasized that unlike facilities such as data centers, Bitcoin mines operate only when electricity is cheap and abundant. When electricity scarcity leads to price increases, the mines can reduce their consumption within seconds.Additionally, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. The participation of Bitcoin miners in these programs helps to bid in the open market, reducing electricity costs for consumers.

ChainCatcher news, according to CryptoSlate, the Vice President of Research at Bitcoin mining company Riot Platforms, Pierre Rochard, stated that in Texas, excess electricity production caused its price to drop to $0 at one point, and Bitcoin miners were able to absorb this surplus energy, effectively stabilizing the grid.Analysis points out that Bitcoin mining is often criticized for its energy consumption and environmental impact. However, it also provides significant benefits, particularly in terms of grid stability and energy efficiency. One key advantage is that Bitcoin miners can quickly turn mining equipment on and off, responding to fluctuations in energy demand.

ChainCatcher news, according to CoinDesk, the AgriDex platform for tokenizing agricultural products based on Solana has completed its first agricultural transaction on the Solana blockchain, involving the shipment of over two hundred bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyard in South Africa to London, scheduled to arrive on July 29. AgriDex supports instant settlement transactions and charges a fee of 0.15% to both parties involved in the transaction.

ChainCatcher news, according to Bitcoin News, the UK advocacy group "Bitcoin Policy UK" urges the new government to leverage Bitcoin mining to strengthen the country's renewable energy grid."Bitcoin mining is the only technology that can provide fully elastic demand for surplus renewable energy; it sets a 'floor price' and monetizes the supply, which would otherwise go unused or even be reduced to cost price."

ChainCatcher news, according to Bitcoin Magazine on X, the Electric Reliability Council of Texas (ERCOT) has suggested integrating Bitcoin mining as a controllable load resource to ensure grid reliability.It is reported that the ERCOT-controlled grid covers 75% of Texas, accounting for 90% of the state's electricity generation. It is one of the three major grids in the United States.

ChainCatcher news, according to The Block, the Solana-based tokenization platform AgriDex has completed a $5 million funding round, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive Hank Oberoi. AgriDex is expected to launch its platform and token AGRI in the third quarter of this year.AgriDex co-founder and CEO Herry Duckworth stated that this funding round was completed in the form of equity financing, with a valuation of $18 million. As part of the deal, Endeavor Ventures co-founder and CEO Bill Cunningham also joined the AgriDex board.It is reported that AgriDex is a Solana-based platform that tokenizes agricultural products and supports the trading of these tokenized goods. Each transaction on AgriDex is represented by the minting of a non-fungible token (NFT), which permanently records all product details, pricing, payments, and other information.

ChainCatcher message, Binance stated on platform X that Binance Futures has launched "Grid Trailing Up". This update allows the stop-loss price and grid price range to adjust upwards as the market price rises.

ChainCatcher news, Fox senior reporter Charles Gasparino posted on the X platform that there are rumors that the White House is concerned that as Bitcoin prices soar and demand exceeds supply, its mining could put pressure on the power grid. People in the cryptocurrency industry say this concern is exaggerated, but it could be used to strengthen regulation of the industry.

ChainCatcher message, Bitget has announced the launch of the grid trading strategy. Currently, Bitget supports both spot grid trading and contract grid trading, while offering proportional/arithmetic modes and forward/inverse trading modes to meet various trading scenario needs.The grid trading strategy effectively captures profits from market fluctuations, making it suitable for medium to long-term investments. In addition, it provides users with a comprehensive set of parameter descriptions to optimize their trading strategies to the fullest.

ChainCatcher news, Bitget has launched an AI-powered grid trading strategy. Users can choose different AI strategies based on their risk preferences, such as: "Conservative", "Safe", and "Aggressive". The conservative algorithm is suitable for beginners looking to avoid risks, the safe algorithm is for those seeking balanced preferences, and the aggressive algorithm aims to maximize returns for experienced high-frequency traders.Gracy Chen, General Manager of Bitget, stated: "This product is designed to provide users with smarter trading tools. AI-driven products can make complex trading strategies easier to implement, thereby filtering out the optimal strategies for users and maximizing returns. (Source link)

ChainCatcher news, the GDX/ETH trading pair on d5.xyz has surpassed a trading volume of 450 million USD in the past seven days. Gridex has optimized the reward parameters for the Maker Rewards activity on this trading pair today. Since the launch of this activity, it has generated over 4.4 million GDX, with a total output of 54 million GDX, and the current market value has exceeded 60 million USD.It is reported that the Gridex protocol is an order book trading protocol fully on-chain within the Ethereum ecosystem, and it is currently deployed on Arbitrum. (Source link)