Entangle, a cross-chain DeFi protocol, announced the launch of its Mainnet on April 26, according to a report by Coin World. Currently, it is deploying the Hong Kong infrastructure on the Mainnet, integrating innovative products with protocol-agnostic solutions to establish a fluid and yield-optimized network.

On April 26th, cross-chain DeFi protocol Entangle announced the launch of its Mainnet on its official blog. It is currently launching infrastructure in Hong Kong on the Mainnet, integrating innovative products with protocol-agnostic solutions to establish a fluid and yield-optimized cross-chain network.

According to a report by IT Home on November 7, the Convergence Media Center of the Propaganda Department of the Yanta District Party Committee recently announced that the first large-scale model of fluid dynamics for aircraft jointly developed by Northwestern Polytechnical University and Huawei, "Qinling Soaring", was officially released. According to reports, the "Qinling Soaring" model is an intelligent model for aircraft fluid simulation jointly developed by the International Joint Institute of Fluid Mechanics and Intelligence of Western University of Technology and Huawei AI4Sci Lab on the basis of the domestic open-source fluid computing software Fenglei, relying on the surging computing power of Ascend AI and the MindSpore AI framework.

AI startup Hugging Face is reviewing competing term sheets for a Series D funding round that could raise at least $200 million at a $4 billion valuation, people familiar with the matter said, according to Forbes on July 14. Sound Ventures is currently leading the round. Hugging Face co-founder and chief executive Clément Delangue is expected to select a preferred offer as soon as Friday, according to another source, who noted that the situation remains fluid, meaning no deal has been struck yet. Figures involved are subject to change. Several other sources, speaking on condition of anonymity, said Hugging Face could seek more financing, possibly as much as $300 million, while existing investors could still try to make a last-minute bid. Alphabet-backed venture capital firms GV and DFJ are also said to be eyeing the round, one of the sources added. Hugging Face did not respond to a request for comment. GV declined to comment. Coatue, DFJ, Kutcher and Lux did not respond.

Odaily Planet Daily News Ethereum developer Diyahir, Fluid Protocol community member Meir Bank and others jointly proposed to create the ERC-7265 standard, which aims to introduce a smart contract interface similar to a "Circuit Breaker" to the DeFi ecosystem. To solve the general lack of response time when DeFi faces hacker attacks. The effective logic of ERC-7265 is that by integrating with this standard, the "circuit breaker" will monitor the flow rate of each asset in the DeFi system in real time. When the rate exceeds the preset parameter threshold, the smart contract will be triggered, thereby Immediately suspend token outflows from the protocol. The proponents of this standard believe that through ERC-7265, hackers will no longer be able to exhaust the funds in the entire contract within a few seconds after performing an attack, thus ensuring the safety of most funds in the DeFi protocol.

PANews news on June 30, according to official website news, artificial intelligence startup Inflection AI announced the completion of $ 1.3 billion in financing, Microsoft, LinkedIn co-founder Reid Hoffman, Bill Gates, former Google CEO Eric Schmidt and new investor NVIDIA (NVIDIA) Lead the vote. At present, the company's total financing amounted to 1.525 billion US dollars. The new funding will support the company's continued work building and designing the Pi, Inflection's first product, which launches in May. Pi is an AI chatbot designed to be a gracious and supportive companion, offering text and voice conversations in a natural, fluid style. Previously, Inflection AI, headquartered in Palo Alto, California, was an "artificial intelligence studio" focused on creating personal artificial intelligence. Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures and Dragoneer raised $225 million.

Babbitt News, on June 30, artificial intelligence startup Inflection AI announced that it has raised $1.3 billion in a new round of financing, led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and new investor NVIDIA. To date, the company's total funding has reached $1.525 billion. The new funding will support the company's continued work building and designing the Pi, Inflection's first product, which launched in May. Pi is an AI chatbot designed to be a gracious and supportive companion, offering text and voice conversations in a natural, fluid style. This follows Inflection AI’s $225 million Series A funding round in early 2022 from Greylock, Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, Mike Schroepfer, Demis Hassabis, Will.i.am, Horizons Ventures, and Dragoneer.

Bitcoin rollercoaster: Why is every rally followed by a sharp drop? Bitcoin (BTC) has failed to hold onto gains over the past few weeks, giving up nearly all of those gains after gains. According to cryptocurrency analyst and trader Daan Foppen, this phenomenon can be attributed to the huge influence of the futures market on the price movement of Bitcoin. Foppen noted that the bitcoin spot market, where investors buy and sell actual BTC, has been mostly selling lately, as evidenced by the downward trend in spot market prices. In contrast, the rise in bitcoin prices has been largely driven by activity in the futures market, where traders use leverage to speculate on the future price of BTC. When futures dominate trading, the underlying spot market struggles to keep up. Price increases outpaced actual buying demand for Bitcoin, leaving the market vulnerable to sudden reversals once futures purchasing power subsidizes. This concept has been clearly shown on the Bitcoin price chart over the past month, with the initial price surge quickly fading away. Additionally, according to Daan Foppen, Bitcoin’s recent volatility and price reversals have been largely driven by leveraged trading and liquidations in the futures market. According to Foppen, the cryptocurrency’s price action over the past few weeks has been characterized by upward and downward “impulse moves” that appear powerful but lack strength and sustainability. For example, Bitcoin's rise to $27,400 on May 23 was largely driven by short liquidation, as over-leveraged short positions were liquidated, creating an upward "snowball effect." The subsequent sharp decline was likewise due to the liquidation of long positions opened during the consolidation period in anticipation of a higher price. Additionally, Foppen noted that interest in bitcoin futures has risen, indicating increased leveraged trading activity. However, it is difficult to determine whether the new positions are mainly short or long. The funding rate, which indicates whether bulls or bears are paying interest to balance the market, has risen slightly recently but remains near the baseline. However, Foppen believes that the factors for a “deeper decline” in bitcoin prices are already in place as the most recent positions are likely to be mostly long. "What you shouldn't be doing now is blindly clicking short buttons," he warned. With highly leveraged and volatile dynamics currently driving bitcoin’s price action, Foppen warned that these are “very fluid situations” and that protecting one’s capital should be a trader’s top priority. "What you especially shouldn't be doing is allowing yourself to be chopped up in this market," he said. BTC is currently trading at $26,209, down more than 3% over the past 24 hours. However, the market's largest cryptocurrency could halt its potential continuation downtrend at the 200-day moving average at $24,900, which could act as a threshold for bulls. (Data source: Ronaldo Marquez)

PANews reported on May 19 that Canaan, a Bitcoin mining machine manufacturer, released the Avalon immersion cooling mining machine A1366I. The miner is capable of delivering up to 165 TH/s hashrate with a power efficiency of 30J/TH. The A1366I's electrical components are submerged in a special dielectric fluid that carries heat away from the circuit board.