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Heat Wave Incoming?: 3 Coins That Can Heat Up This June

RoundHouse Media

As June rolls in, crypto investors are all excited to see coins that can give them huge returns this month. There are many stable coins in the market currently, but the main focus has been on Galaxy Fox, Dogecoin, and Solana. They have outperformed their competitors and are considered to be the top crypto coins to buy right now. While each one offers a unique functionality that propels its further growth, it’s important to understand why they are ahead in the race of best crypto coins. Today we’ll dive in to check out what makes these crypto coins stand out from the rest. Galaxy Fox is a New Coin with Big Plans Galaxy Fox launched its latest P2E (play-to-earn) game last month and it has been a huge hit among young players. This crypto coin has lots of features that makes it a top cryptocurrency to invest in. The very foremost is that Galaxy Fox allows players to earn rewards through gameplay. The Galaxy Fox ecosystem features a web3 runner game where players can earn $GFOX tokens by achieving top scores. The top 20% of players at the end of each $GFOX season receive rewards from the prize fund. It’s like you are playing for fun and also getting real money in exchange for your time spent on the gameplay. With its staking system, long term holders can also earn dividend rewards. The founders aspires to join the ranks of major meme tokens like Dogecoin and Shiba Inu. It is not limited to meme coin industry only and wants to compete with leading P2E tokens such as The Sandbox and Axie Infinity. The deflationary token process is set into place to make sure that the supply decreases over time. This will help to increase the value of this crypto coin over time. Users can also trade unique NFTs within the Galaxy Fox ecosystem. All the funds are managed transparently to support the project’s growth. Galaxy Fox rewards its loyal holders through its Stargate where 2% of every transaction is added back. This hub distributes rewards to all staked $GFOX tokens. Overall, it is one of the best crypto coins to be added in your June portfolio. >>BUY $GFOX TOKENS<< Dogecoin is the Original Meme Coin Dogecoin started as a joke but has grown into a significant player in the crypto world. Its community-driven approach and celebrity endorsements have kept it in the spotlight all the time. It has a large and active community that supports its development every single day. The coin has gained a lot of attention, all thanks to endorsements from high-profile individuals like Elon Musk. It is one of the top meme coins that has evolved slowly with new technological updates. These advancements are made to make sure that it can easily scale up the transaction speed. The Dogecoin Foundation has been working on various projects simultaneously. It has given 170% returns this year and is expected to grow further this month. Solana is Known for High-Performance Blockchain Solana is one of the top crypto coins that is known for its high-speed transactions and low fees. It has become a favorite platform among developers and trading users. Its robust infrastructure supports a wide range of decentralized applications (dApps). It has the capacity to handle thousands of transactions every second. This is way beyond than many of its competitors in the crypto industry. This high speed makes it ideal for digital apps that need fast processing. Solana’s ecosystem is expanding very fast as many new projects and apps are getting built on its platform. From decentralized finance (DeFi) protocols to NFT marketplaces, Solana is becoming a hub for all types of crypto projects. Solana has made headlines with several high-profile partnerships recently. Its continuous development has kept itself as a top crypto contender in the blockchain space. Conclusion As June progresses, these three coins could see significant trading volume from crypto whales. The main focus has been on Galaxy Fox’s approach to P2E gaming and NFT staking. So, if you are searching for the best coin to buy this month, go for Galaxy Fox. Learn more about $GFOX here: Visit Galaxy Fox Presale | Join the Community Contact Details Roundhouse Media media@galaxyfox.io

June 12, 2024 12:00 PM Eastern Daylight Time

Exploring Investment Opportunities Where AI Meets Crypto

HTX Ventures

Singapore / June 6, 2024 – In recent years, the rapid development of artificial intelligence (AI) and blockchain technology has made the AI + crypto sector an investment magnet. Blockchain’s characteristics of decentralization, high transparency, low energy consumption, and anti-monopoly complement the centralized and opaque nature of AI systems. The fusion of these technologies brings unprecedented opportunities. According to Vitalik Buterin, Ethereum's co-founder, the applications of combining AI and blockchain can be categorized into four types: AI as a player, AI as an interface, AI as the rules, and AI as the objective. He suggests that AI's role in crypto should be considered more from an "application" perspective, including optimizing computing power, algorithms, and data. HTX Research distinguishes crypto technology participation based on AI’s application levels, which can be divided into foundational, execution, and application layers. Each layer presents opportunities worth exploring. For example, zero-knowledge machine learning (zkML) technology, which combines zero-knowledge proofs and blockchain technology, offers a secure, verifiable, and transparent solution for AI agent behavior. Additionally, AI shows great potential in data processing, automated decentralized application (dApp) development, and on-chain transaction security within the execution layer. In the application layer, AI-driven trading bots, predictive analytics tools, and automated market maker (AMM) liquidity management are playing crucial roles in the decentralized finance (DeFi) sector. This article will delve into the investment opportunities where AI meets crypto, focusing on innovations and developments in the foundational and application layers. It will also analyze the prospects and challenges of combining AI and blockchain from mid-term and long-term perspectives. Key Opportunities in the AI Sector Blockchain and AI differ fundamentally in centralization, transparency, energy consumption, and monopolization. Based on this principle and his analysis, Vitalik has classified applications that combine AI and blockchain into four categories: ● AI as a player in a game ● AI as an interface to the game ● AI as the rules of the game ● AI as the objective of the game Vitalik approaches AI's role in the crypto world from an "application" perspective. Additionally, we can consider crypto as a means of facilitating technologies and resources, including three perspectives: - Optimizing Computing Power: Providing decentralized and efficient computational resources to reduce the risk of single points of failure and enhance overall computing efficiency. - Optimizing Algorithms: Advancing the open-source sharing and innovation of algorithms or models. - Optimizing Data: Enabling decentralized storage, contribution, usage, and secure management of data. HTX Research suggests that AI's development can be categorized into the foundational layer, execution layer, and application layer based on a general architecture. Correspondingly, we can also explore AI + Web3 projects from these dimensions. The foundational layer includes model training, data, decentralized computing power, and hardware, where particular attention should be given to combining zk (zero-knowledge) with AI/ML (machine learning) technologies. The execution layer involves data processing and transmission, AI agents, zkML, and FHE (fully homomorphic encryption). The application layer features AI + DeFi, AI + GameFi, the metaverse, AIGC (AI-generated content), memes, and blockchain-related technologies like RAAS (Robotics as a Service), oracles, coprocessors, and UBI (universal basic income). Rapid progress has been made in foundational and application projects. These include Io.net, a computing power project; Flock, a foundational model; ZeroGravity, a blockchain infrastructure; Myshell as an AI agent; and 0xScope in the application layer. We suggest exploring these opportunities: I. zkML zkML technology combines zero-knowledge proofs with blockchain to provide a secure, verifiable, and transparent solution for monitoring and constraining AI agent behavior. For example, the Modulus Labs project uses zkML to prove to stakeholders that their AI has performed specific tasks while protecting personal privacy and commercial secrets. As an intermediary between AI and blockchain, zkML offers a solution to address privacy protection for AI models and inputs and ensures the verifiability of the inference process. It has pioneered a method that allows using public models to verify private data or using public data to verify private models. Integrating machine learning capabilities enhances the autonomy and dynamism of smart contracts, enabling operation based on real-time on-chain data rather than merely static rules. This innovation makes smart contracts more flexible, allowing them to adapt to a wider range of applications, even those unforeseen at the contract's inception. Overview of Typical zkML Projects The first table presents promising zkML projects while the second lists other zkML projects. II. Data Processing This area includes breakthroughs in the execution layer of AI, particularly in blockchain data transmission and development layers. a. AI and On-chain Data Analysis This area involves using AI technology to deeply mine blockchain data and leveraging large language models (LLMs) and deep learning algorithms to gain more insights. The Web3 Analytics project, for example, uses AI for on-chain data analysis to discover market trends and user behavior. It helps users understand on-chain transactions and market dynamics more effectively. b. AI and Automated dApp Development This area focuses on infrastructure projects related to DevOps. AI projects using automated development can attract more developers, thereby making the ecosystem more prosperous. Some AI-powered development tools can help developers quickly write smart contracts and automatically correct errors. Others even offer drag-and-drop dApp programming capabilities. c. AI and On-chain Transaction Security This area involves AI agents. It entails deploying AI agents on the blockchain to enhance the security and reliability of AI applications. These AI agents can automatically perform tasks such as trading, data analysis, and automated decision-making. Deploying them on the blockchain ensures their operations are transparent, traceable, and tamper-resistant, thereby increasing the system's overall security. Through real-time monitoring and smart analysis, AI technology can identify and defend against malicious attacks and data breaches, ensuring transaction security and data integrity. • Project Example: SeQure is a security platform that uses AI for real-time monitoring and analysis. It detects and defends against malicious attacks and data breaches, ensuring the stability and security of on-chain transactions. III. AI + DeFi The most significant aspect of integrating AI with the application layer is AI + DeFi. Here are some key areas to focus on: 1. AI-driven Trading Bots These bots can execute trades swiftly and accurately by analyzing market data, news sentiment, and price trends to make instant decisions. They often outperform human traders. 2. Predictive Analytics While predicting the volatility of the crypto market has always been challenging, AI-driven analysis tools are becoming increasingly important. They can provide reliable forecasts of market trends and potential price movements. 3. AMM Liquidity Management For instance, when adjusting the liquidity range for Uniswap V3, integrating AI allows the protocol to more intelligently set the liquidity range. This optimizes the efficiency and profitability of AMMs. 4. Liquidation Protection and Debt Position Management Through a combination of on-chain and off-chain data, smarter liquidation protection strategies can be implemented. This ensures that debt positions are safeguarded during market volatility. 5. Design of Complex DeFi Structured Products In designing vault mechanisms, financial AI models can be used instead of fixed strategies. These models may include AI-managed trading, lending, or options, enhancing product intelligence and flexibility. IV. AI + GameFi AI in GameFi projects enhances the gaming experience and fosters innovation. Here are some primary focuses: 1. Game Strategy Optimization AI can learn players' habits and strategies to adjust game difficulty and tactics in real time, providing a more personalized and challenging experience. Through deep learning and reinforcement learning, AI can evolve to better suit players' needs and preferences. 2. Game Asset Management AI can help players manage and trade in-game virtual assets more effectively. Leveraging smart contracts and automated trading strategies, players can maximize the use of their assets, such as automatic buying, selling, renting, and lending game assets, thus optimizing investment returns. 3. Enhanced Game Interaction AI can create smarter and more responsive non-player characters (NPCs). Through natural language processing (NLP) and machine learning (ML) technologies, AI enables more natural and seamless interactions with players, enhancing immersion and satisfaction. Investment Strategies in Different Timeframes - In the short term, we should focus on areas where AI is first applied in crypto, such as conceptual AI applications and memes. Mainstream AI communities will continue to generate new hot topics, and major upgrades by companies like Nvidia and OpenAI will spark attention in the AI sector, attracting capital inflows. These can create excitement and drive momentum. - In the mid-term, the combination of AI agents with Intents and with smart contracts will garner traction. If successful, AI could extend smart contracts to create a new type of blockchain that integrates ledgers, contracts, and AI, moving beyond Ethereum's "ledger + contract". - Vitalik has highlighted AI agents as a promising area. AI agents are intelligent entities capable of autonomously acquiring and processing information, making decisions, executing actions, and altering the environment. This is a cutting-edge field within AI, closest to mass adoption at the application layer. - Metaphorically speaking, AI agents are like attractive and dynamic individuals, GPU cloud computing is a stable and mature entrepreneur, and AI models in the DA layer are disheveled scientists. - In the long term, the combination of AI and zkML technology, despite skepticism from ML experts in Web2 AI companies, will ultimately exert a significant impact on the crypto world. References: - Twitter: https://twitter.com/FinanceYF5/status/1772434625387717055 - Web3Caff: https://twitter.com/Web3Caff_Res - Twitter Vitalik: https://twitter.com/VitalikButerin — — — — — — — — — — — — — — — — — — About Us This article is a product of diligent work by the HTX Research Team that is currently under HTX Ventures. HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Bankless Ventures, Figment Capital, Gitcoin, IVC, and Animoca. Company Website https://www.htx.com/en-us/ventures Disclaimer 1. The author of this report and his organization do not have any relationship that affects the objectivity, independence, and fairness of the report with other third parties involved in this report. 2. The information and data cited in this report are from compliance channels. The sources of the information and data are considered reliable by the author, and necessary verifications have been made for their authenticity, accuracy and completeness, but the author makes no guarantee for their authenticity, accuracy or completeness. 3. The content of the report is for reference only, and the facts and opinions in the report do not constitute business, investment and other related recommendations. The author does not assume any responsibility for the losses caused by the use of the contents of this report, unless clearly stipulated by laws and regulations. Readers should not only make business and investment decisions based on this report, nor should they lose their ability to make independent judgments based on this report. 4. The information, opinions and inferences contained in this report only reflect the judgments of the researchers on the date of finalizing this report. In the future, based on industry changes and data and information updates, there is the possibility of updates of opinions and judgments. 5. The copyright of this report is only owned by HTX Ventures. If you need to quote the content of this report, please indicate the source. If you need a large amount of references, please inform in advance (see “About HTX Ventures” for contact information) and use it within the allowed scope. Under no circumstances shall this report be quoted, deleted or modified contrary to the original intent. Appendix: Decentralized Computing and AI Inference Platform Projects These projects leverage crypto incentives to globally share and utilize idle computing resources. AI Data and Model Source Projects These projects focus on data authenticity, transparency, and traceability, using crypto economic models to incentivize data contributions (for end users) and model enhancements (for developers and businesses). About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

June 12, 2024 10:03 AM Eastern Daylight Time

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HTX Ranks as Top 4 Exchange by Liquidity, Aspiring to Be Synonymous with Quality Assets

HTX

Kaiko, a leading cryptocurrency market data provider, recently published its Q2 2024 report on exchange liquidity. Among the 43 mainstream centralized exchanges tracked in the report, HTX was rated AA and tied for fourth place in terms of liquidity, with an average trading volume of $60.5 billion. It is reported that the Kaiko report analyzed exchange liquidity using five key metrics: trading volume, trading volume contribution, market depth (+/-1), coefficient of variation (CV) dispersion, and market quality. In response, HTX stated that the platform will remain committed to prioritizing security and regulatory compliance as it continues to expand its global footprint. Furthermore, it aims to deliver a comprehensive, safe, and user-friendly crypto trading experience for an ever-growing base of customers worldwide. Highlights HTX's Performance in the First Half of 2024 Looking back on the past six months, HTX has achieved remarkable results. HTX upholds its "user-first" principle when listing new cryptocurrencies, showcasing the core competitiveness of the "People's Exchange" with huge wealth effects. When selecting and listing new assets, the platform is dedicated to identifying new cryptocurrencies and quality assets across various sectors, including Meme, AI, public blockchains, Layer 2, and more. Data from Q1 2024 reveals that HTX has already introduced 59 new cryptos, with almost half of these experiencing price surges of over 1,000% from their initial levels. Topping the list of gainers is WIF, a Meme project from the Solana blockchain, boasting an astonishing 12,039% price increase. In addition, as of June 1, 2024, HTX has completed 20 asset audits. The latest Merkle tree-based proof of reserves data is as follows: 100% for USDT (HTX wallet balance: 610,174,986), 100% for BTC (HTX wallet balance: 25,735), 101% for ETH (HTX wallet balance: 92,631), 105% for HTX (HTX wallet balance: 360,938,524,569,165), and 105% for TRX (HTX wallet balance: 9,754,300,787). The data for USDT and ETH already includes stUSDT and stETH. Also noteworthy is the recent establishment of the HTX DAO People Committee, which has garnered widespread attention from both the broader market and the community. Formed just over a month ago, this committee has rapidly solidified its position as a pivotal driving force within the community. The HTX DAO People Committee, dedicated to championing the community's interests in the long run, is spearheading HTX's ongoing transition toward greater decentralization and democratic autonomy. Emphasizing HTX's recent achievements, Justin Sun, a distinguished member of the HTX Global Advisory Board, shared the following insights on social media: 1. HTX has been performing exceptionally well in listing new assets, with cryptos showing 10x potential price increases consistently appearing on the platform every week. (2) The exchange has experienced continuous net inflows of capital for the past 6 months, a trend Justin Sun views as compelling evidence of users' strong satisfaction with HTX's services. (3) The platform's profitability has soared by over 100%, prompting the implementation of buyback initiatives. HTX Aims to Become Synonymous with Quality Assets HTX's business representative and senior investment analyst, @HTX_liuyego, highlighted that the Kaiko report serves as a well-deserved accolade for HTX. After overcoming a challenging period, this recognition not only bolsters HTX's confidence in its future development but also fosters a sense of reverence within the team. According to @HTX_liuyego, HTX's future development will focus on the following aspects: 1. Listing of high-quality assets. HTX will maintain stringent criteria for the listing of new assets, overseen by a highly proficient project screening team. Justin Sun, a member of the HTX Global Advisory Board, is one of such experts involved in this meticulous selection process. HTX strives to be recognized as the go-to platform for premium digital assets. 2. Product optimization. HTX has taken user feedback to heart and made significant improvements to enhance the overall user experience across various products and services. One notable issue that has been successfully addressed is the previously cumbersome withdrawal process, which has now been satisfactorily resolved. Furthermore, HTX has transitioned from its previous complexity to a more user-friendly approach in designing platform events. 3. Enhance depth. The platform has maintained its focus on enhancing depth to attract more reputable market makers and broker teams, thereby providing users with a seamless trading experience. 4. Safety and security are the cornerstones of the platform. After the hacking incident last year, HTX has taken concrete steps to enhance its security. On the hardware front, the platform has collaborated with the renowned international security firm FearOff to bolster its security infrastructure and safeguards. On the software side, HTX has made a firm commitment to providing 100% fund protection for its users. @HTX_liuyego summarized, "HTX is on a positive trajectory, time will tell. Have faith in HTX." It's undeniable that cryptocurrency exchanges, the most lucrative sector in the crypto industry, are also recognized as fiercely contested arenas. Since the inception of the first cryptocurrency exchange to the present day, the exchange business model has undergone dramatic changes, with rises and falls occurring in the blink of an eye. While industry giants like Coinbase and Binance currently dominate the crypto space, the overall landscape of the exchange business remains unsettled. HTX, a veteran that has weathered the crypto market for nearly 11 years, stands as a testament to the industry's evolving narrative. It has evolved beyond being merely a trading platform; it has become a legend that embodies the dreams and memories of countless investors. HTX firmly believes that true value lies not in short-term price fluctuations but in long-term development and contribution. Moving forward, HTX will continue to collaborate with global partners to drive the evolution of cryptocurrencies and blockchain technology, creating more value for users and ushering in a more open, inclusive, and vibrant new era of crypto. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

June 12, 2024 09:49 AM Eastern Daylight Time

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HTX Ventures Invests in Avail to Support Key Infrastructure Development

HTX Ventures

Singapore / June 12, 2024 – In a move that underscores its commitment to broadening the reach and usability of Web3 technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) for scalable and customizable applications. Avail DA provides decentralized infrastructure for developers to quickly build and scale modern blockchain applications. By inheriting security from the base layer through rollups and extending restaking to include multiple assets, such as BTC and ETH, it aims to provide ample security for the thousands of rollups built on top. Edward, Managing Partner at HTX Ventures, shared his investment insights: “The Avail team possesses exceptional technical capabilities, and Avail DA is one of the fastest and most cost-effective data availability solutions in the market right now. By combining their data availability layer with cross-chain interoperability and the robust security provided by Avail Nexus & Avail Fusion, Avail is building the unification layer for Web3. HTX Ventures is excited to support Avail on this journey and participated in the recently announced $43M Series A fundraise alongside Founders Fund & Dragonfly.” “This Series A funding marks a pivotal moment for Avail as we strive to build the permissionless unification layer for Web3,” said Anurag Arjun, Co-founder of Avail. “With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling. Additionally, it will help foster partnerships and collaborations with other players across the entire Web3 ecosystem, which is mission-critical for Avail’s success.” Recently, Avail has crossed a major milestone in its incentivized testnet, " Clash of Nodes," with nearly 110,000 total accounts created, and 116 million transactions processed — ahead of its upcoming mainnet due to be launched in the next few weeks. HTX Ventures is excited to support prominent projects like Avail that are building solid infrastructure to enable a user-friendly decentralized future. About Avail: Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion. Start your unification journey today at availproject.org About HTX Ventures: HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless, Gitcoin, Figment, and Animoca. Visit us here. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

June 12, 2024 09:33 AM Eastern Daylight Time

Yandex develops and open-sources an LLM training tool that saves up to 20% of GPU resources

Yandex

Yandex introduces YaFSDP, a method for faster and more efficient large language model (LLM) training. Potentially saving users hundreds of thousands of dollars per month. Available free. Yandex, a global tech company, recently introduced YaFSDP, an open-source method for training large language models (LLMs). YaFSDP is currently the most effective publicly available tool for enhancing GPU communication and reducing memory usage in LLM training, offering a speedup of up to 26% compared to FSDP, depending on the architecture and number of parameters. Reducing the training time for LLMs through the use of YaFSDP can result in savings of up to 20% in GPU resources. “Currently, we're actively experimenting with various model architectures and parameter sizes to expand YaFSDP’s versatility,” noted Mikhail Khruschev, a senior developer at Yandex and part of the team behind YaFSDP. “We are thrilled to share our developments in LLM training with the global ML community, contributing to increased accessibility and efficiency for researchers and developers worldwide.” The case for YaFSDP LLM training is a time-consuming and resource-intensive process. Machine learning engineers and companies that develop their own LLMs invest significant time and GPU resources — which equals money — in training these models. The larger the model, the greater the time and expenses associated with its training. Yandex’s YaFSDP works by eliminating GPU communication inefficiencies, ensuring that training requires only necessary processor memory and making GPU interactions uninterrupted. YaFSDP optimizes learning speed and performance, enabling AI developers worldwide to use less computing power and GPU resources when training their models. For instance, in a pre-training scenario involving a model with 70 billion parameters, using YaFSDP can save the resources of approximately 150 GPUs, which translates to roughly $0.5 to $1.5 million (depending on the virtual GPU provider or platform) in potential monthly savings. YaFSDP’s training efficiency YaFSDP, an enhanced version of FSDP, outperforms the FSDP method in the most communication-heavy stages of LLM training like pre-training, alignment, and fine-tuning. The final speedup shown by YaFSDP on Llama 2 and Llama 3 demonstrates significant improvements in training speed, reaching 21% and 26% on Llama 2 70B and Llama 3 70B respectively. “YaFSDP has shown impressive results on models ranging from 13 to 70 billion parameters, with particularly strong performance in the 30 to 70 billion range,” said Mikhail Khruschev. “Currently, YaFSDP is best suited for widely-used open-source models based on the LLaMA architecture.” YaFSDP isn’t Yandex’s first open-source tool. The company has previously shared several other tools that have become popular with the ML community, including: CatBoost, a high-performance library for gradient boosting on decision trees. YTsaurus, a big data platform for distributed storage and processing. AQLM, one of the most advanced quantization algorithms for extreme compression of large language models, developed jointly by Yandex Research, HSE University, IST Austria, and NeuralMagic. Petals, a library designed to simplify the process of training and fine-tuning LLMs, developed in a collaboration involving Yandex Research, HSE University, University of Washington, Hugging Face, ENS Paris-Saclay, and Yandex School of Data Analysis. Accessing YaFSDP YaFSDP is freely available on Github. – – – – – For Reference During large language model (LLM) training, developers have to efficiently manage three primary resources: computing power, processor memory, and processor communications. YaFSDP conserves the first two, which helps to accelerate the LLM training process. LLM training relies on numerous GPUs organized into clusters — arrays of interconnected graphics processors that can perform the vast number of calculations necessary to train models with billions of parameters. Distributing computations among processors within a cluster requires constant communication, which often becomes a "bottleneck", slowing the training process and resulting in inefficient use of computing power. To overcome this bottleneck, Yandex developers created YaFSDP, a method that improves GPU communication and optimizes learning speed and performance. When combined with Yandex’s other performance-enhancing solutions, the method accelerated the training process by up to 45% for some of its models. YaFSDP works by eliminating GPU communication inefficiencies, which leads to optimized network usage and reduced memory load. It ensures that training requires only necessary processor memory and makes GPU interactions uninterrupted, facilitating further optimizations like minimizing processor communication time. This leads to a significant enhancement in both performance and memory efficiency. The YaFSDP method can be used effectively in transformer-based text generative models with multiple layers (multilayer perceptrons), mostly represented by LLaMA-like models. In a pre-training scenario involving a model with 70 billion parameters, using YaFSDP can save the resources of approximately 150 GPUs. When compared to FSDP, the final speedup shown by YaFSDP on Llama 2 and Llama 3 demonstrates significant improvements in training efficiency. About Yandex Yandex is a global technology company that builds intelligent products and services powered by machine learning. The company’s goal is to help consumers and businesses better navigate the online and offline world. Since 1997, Yandex has been delivering world-class, locally relevant search and information services and has also developed market-leading on-demand transportation services, navigation products, and other mobile applications for millions of consumers across the globe. Contact Details NettResults Media Team media@nettresults.com

June 12, 2024 08:55 AM Eastern Daylight Time

JasmyCoin Holders Jump to Raboo Presale Amid Dogecoin's Rising Wave

Total Media

Dogecoin and JasmyCoin price share different trajectories while still offering good trading opportunities. The current Dogecoin forecast is bullish, while JasmyCoin price action continues to sizzle. However, one new contender has emerged in the form of AI/SocialFi meme coin presale sensation Raboo, which analysts can go on a 100x tear in 2024. Read up to find out why experts predict Raboo could outperform even the most bullish JasmyCoin price prediction, and Dogecoin forecast this year. New contenders coming for Dogecoin’s crown Dogecoin lays claim to being the OG meme coin, creating the blueprint for every single meme coin within the $57.6 billion sector. Dogecoin has come a long way from being an ironic take on the “wild west” era of the crypto world, growing to a $20 billion market cap. Early Dogecoin investors have made millions of times over their initial investments, especially those that sold at Dogecoin’s all-time high of $0.73 back in 2021. Today, Dogecoin serves as an “index” for the meme coin market. However, the current Dogecoin forecast is bearish due to its large market cap, which severely restricts its growth potential. The Dogecoin forecast for 2024 is one of limited gains, with more capital flowing into lower-cap opportunities that have larger room to grow. The most bullish Dogecoin forecast predicts a 3x to 5x gain for the token should the next bull run materialize. JasmyCoin price prediction for 2024 looking up JasmyCoin has turned in almost a 950% YTD figure as of press time, firmly outdoing the Dogecoin forecast within the same 12-month period. Here’s the cool thing about JasmyCoin: despite the 10x growth in the past year, The current JasmyCoin price is still 99.2% from its February 2021 all-time high of $4.99, indicating a potentially limitless growth trajectory. That is, of course, if JasmyCoin bulls continue pushing prices as they have over the past year. If they manage to do so, JasmyCoin could outperform the Dogecoin forecast for 2024. However, JasmyCoin has a $1.78 billion market cap, with early holders selling off in favor of projects like Raboo. Raboo presale surges into Stage 4 with a 60% rally Crypto presales offer a can’t-miss buying opportunity, considering it is during this phase when token prices are going to be as low as they possibly can be. Especially meme coins with an innovative utility like Raboo. Finding presale opportunities with the potential for 100x gains like Raboo can be a needle in a haystack. But now, prospective investors could get in on a low-cap blue chip at a price of just $0.0048. Raboo is a meme coin featuring AI-powered SocialFi utility. Using Rabooscan, the platform’s AI-enabled meme generator, users can create memes and NFTs designed to engage the Raboo community and grow it by attracting new joiners by disseminating them through social media. In doing so, users can earn Raboo tokens in exchange for their efforts. With the meme coin market sitting at a $58 billion market cap—with limitless growth potential in 2024 and beyond—Raboo is a rare opportunity to get in on a legitimate 100x moon shot set to outperform both Dogecoin forecast and JasmyCoin price this year. Raboo users can also stake their $RABT tokens or provide liquidity for passive income, and its deflationary tokenomics ensures a constantly stable price with the potential to skyrocket in price at any given time. Conclusion With token prices available at just $0.0048, Raboo blows JasmyCoin and Dogecoin out of the water as far as upside potential in 2024 is concerned. Don’t miss out on an opportunity to get in on the ground floor of a project that could go all the way to the top this year—join the Raboo presale today. You can participate in the Raboo presale here. Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official Contact Details Total Media Solutions media@Totalsolutionspr.io

June 12, 2024 06:30 AM Eastern Daylight Time

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The Diverse Holdings of the Industrial ETF XLI

Select Sector SPDR

The Industrial Select Sector SPDR Fund ( XLI ) offers an investment opportunity within the dynamics of the industrial sector. XLI follows an index of industrial sector stocks within the S&P 500, weighted by modified market capitalization. With assets under management exceeding $18 billion, it boasts a low annual expense ratio of 0.09%*, offering an efficient and accessible route to the industrial sector. The top 10 holdings & weightings** for XLI: Starting with GE Aerospace at 4.75%, followed by Caterpillar at 4.55%, RTX Corporation at 3.78%, Union Pacific at 3.75%, Honeywell International at 3.52%, Eaton at 3.51%, Uber Technologies at 3.51%, Boeing at 2.69%, Lockheed Martin at 2.67%, and Automatic Data Processing at 2.66%. XLI ETF Industry and Sector Overview The variety of related industries are represented in the burgeoning industrial sector. Aerospace & Defense: The XLI ETF includes prominent companies within the aerospace and defense sector, positioning investors to have access to companies in this industry. Electrical Equipment Manufacturers: The fund's holdings feature leading electrical equipment manufacturers with their technological advancements and innovations within this sector. Construction & Engineering Firms: XLI provides exposure to renowned construction and engineering firms, allowing investors to tap into the ongoing infrastructure development and urbanization trends. Industrial Machinery Companies: The ETF also encompasses key players in the industrial machinery segment, enabling investors to participate in the machinery and equipment manufacturing landscape. Building Products: XLI encompasses a diverse range of building product companies, offering exposure to the construction and real estate market dynamics. As the industrial landscape continues to evolve, XLI emerges as a compelling choice for investors seeking exposure to the dynamic industrial sector. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 5/31/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007585 EXP 8/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

June 12, 2024 05:00 AM Eastern Daylight Time

Saint Paul Public Housing Agency and Comcast Announce Technology Partnership

Comcast Twin Cities

The Saint Paul Public Housing Agency (PHA) and Comcast today announced they have partnered to provide a WiFi connection to Xfinity's advanced network in all 16 of PHA’s buildings in Saint Paul. The partnership is Comcast’s first collaboration with a Minnesota-based housing agency to provide pre-installed, already on connectivity to the Xfinity network for their residents. More than 2,500 units will be equipped with Xfinity’s fast and reliable network and wall-to-wall WiFi coverage. With Xfinity’s network readily available, residents will not need to schedule a technician to set up services, wait for their modem to arrive or go to an Xfinity Store to collect their equipment. To activate service, residents will only need to call or use the Xfinity App. “Internet access provides connectivity to 21st century infrastructure, equipping our residents with the tools vital to enhancing opportunities for education, employment, and quality of life," said Saint Paul Mayor Melvin Carter. "The collaboration between Saint Paul Public Housing Agency and Comcast empowers our neighbors to realize a brighter future.” Current residents and new residents moving into WiFi ready units can connect to the Internet within five minutes of collecting their keys—making it that much easier to get all their devices up and running. “Access to WiFi isn’t just about connecting devices; for us it’s about connecting PHA residents to opportunity,” said PHA Board Chair Missy Staples Thompson. “Making PHA-owned high-rises WiFi-ready can help residents cross the digital divide and open doors to education, employment, and empowerment. We appreciate this partnership with Comcast that will benefit residents and their communities.” The Xfinity network will be installed in phases. Completion of the first two buildings just occurred, and 14 additional buildings will have WiFi ready units residents can connect to by the end of 2024. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. About the Saint Paul Public Housing Agency (PHA) The PHA administers federal rent subsidies that provide safe, affordable housing to more than 22,000 Saint Paul residents. Almost half of those residents live in the 4,273 affordable homes and apartments that the PHA owns and manages. The PHA also administers the federal rent subsidy program called “Housing Choice Vouchers”, previously known as Section 8. The rental vouchers help 5,243 households pay affordable rents in privately-owned apartments and rental homes. Contact Details Jill Hornbacher +1 651-425-1695 Jill_Hornbacher@comcast.com Company Website https://midwest.comcast.com

June 11, 2024 01:00 PM Central Daylight Time

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News Release

Rising Bond Yield A Threat For Bitcoin, Investors Pouring Millions To GFOX

RoundHouse Media

The rising bond yields in the USA could impact investments in alternative assets like Bitcoin. Interest rates in 2024 range just over 5%, an increase from the average for most of the last decade. Investors are exploring alternative assets like $GFOX that offer more upside. Rising bond yields in the USA could dampen the appetite for alternative investments like Bitcoin. The Federal Reserve has kept the interest rates at a fairly high level since the Covid-19 Pandemic, which means better returns for bond investors. Bitcoin is still on a historic tear after a solid start to the year. A combination of the halving event and positive regulatory developments have added wind to the sails of the pioneer crypto. Investors keen on untapped potential are looking into exciting new projects like Galaxy Fox ($GFOX) for more upside. This project has strong momentum after listing on Uniswap in April and looks to be the next $1 crypto. Rising Bond Yields Could Affect Bitcoin US treasury bond yields have hit a four-month high, increasing the attractiveness of this investment. Bonds are some of the most stable investments in the financial markets and the higher return consolidates this advantage. The high level of yield could be to the detriment of other equities and alternative assets. Stock markets continue to operate at record highs making notable stocks expensive for traders. The possibility of getting excellent returns for bonds makes them a more attractive proposition. Bitcoin could also feel some of the aftershocks. Competing against high yield from the most stable investment in the financial sector is a tall order. That said, Bitcoin prices are a unique phenomenon and may not have the predicted symmetry with traditional financial markets. $GFOX Offers A Rising Alternative To BTC Bitcoin continues to hold steady but appears headed for a period of consolidation. Investors looking for assets with more upside potential are looking at growing altcoin projects for alternatives. One such proposition is Galaxy Fox ($GFOX). This utility meme coin continues to draw plaudits after launching its play-to-earn game (P2E) game in May. $GFOX is an ERC-20 and, therefore, broadly compatible with Ethereum wallets. Galaxy Fox’s gaming ecosystem involves players raising digital fox characters to engage in epic battles within the game. The players earn various rewards within the game in crypto tokens, making gameplay lucrative. This game also has NFT collectibles for players to improve their portfolios. The NFTs are unique and allow the player to track ownership effectively, which is useful for gaming items. Having NFTs ensures that players can leverage their gameplay for value within the ecosystem. The possibility of staking $GFOX adds more opportunities for users. This ecosystem looks to elevate the meme coin experience and create sustainability. Newer memecoins that purely rely on meme notoriety have not challenged Dogecoin significantly. Therefore, investors are looking at this project keenly as one of the credible alternatives in a transitioning market. For Info about $GFOX, visit Galaxyfox.io Conclusion Competing with treasury bonds is a tall order for any other asset class. After all, an investment with the backing of the government of the world’s largest economy having high yield is very endearing. Nonetheless, the crypto market has proven its resilience in varying market conditions. Bitcoin will likely consolidate, with emerging assets that have strong upside likely to gain some tailwinds. $GFOX fits the bill as a strong new asset with incredible potential. Its strong launch is a testament to the belief in this project and should continue as it continues to gain more dimension. Visit the Galaxy Fox website today to learn more about the project. Learn more about $GFOX here: Galaxyfox.io | Join the Community Contact Details Roundhouse Media media@galaxyfox.io

June 11, 2024 01:00 PM Eastern Daylight Time