Track market-moving stories before they get noisy

Posted: December 4, 2019

Decentralized finance, popularly known as DeFi, has been one of the greatest use cases of the Ethereum network. With most of the DeFi applications developed on the Ethereum blockchain, DeFi has a total of about $660.2 million locked in the platform. However, Dragonfly Research’s Haseeb Qureshi claims to have pointed out a potential threat to the Proof-of-Stake [PoS] algorithm.

While the Ethereum community has been gearing up for the network’s transition from Proof-of-Work [PoW] to PoS with Ethereum 2.0, Qureshi’s latest post questions the working of PoS in the network. With DeFi’s most popular sector being the lending and borrowing platform, this on-chain lending platform not only affects traditional secured lending, but also the PoS consensus.

Qureshi, in his post, elaborated on how secure the PoS system is and wrote,

“A PoS system is secure when there are lots of coins actively staked for the network. In most PoS algorithms, so long as 2/3rds of all the staked assets are owned by honest actors, the blockchain will be secure.”

There are two possible ways a person could attack the PoS system. The first one would be fairly difficult and expensive as it requires the attacker to acquire 1/3rd of the remaining stake. However, Qureshi listed out a second option that would require the attacker to influence present stakers to discontinue staking and take over the much cheaper network by offering them a better yield elsewhere. This could be possible as stakers require rewards that are big enough in order to be incentivized to stake. He further detailed the reason behind the same and wrote,

“But if they can get better returns elsewhere, then you should expect a rational staker to unstake their assets and put them wherever they earn a higher return.”

This could possibly transfer the demand away from staking which would make the network comparably less safe. Taking into consideration on-chain lending markets, they directly challenge staking further testing the security of the entire protocol. Furthermore, while Ethereum is yet to dive into the PoS algorithm, Qureshi described the only way to defend the possible attack. He wrote,

“The only realistic way that this can be defended against is by using flexible monetary policy to offer competitive rates when necessary. Any fixed inflationary regime is vulnerable to this kind of attack, since an attacker always knows exactly how much they need to subsidize the lending market in order to cannibalize stakers.”

While Ethereum’s Vlad Zamfir dismissed Qureshi’s post and labeled it “ancient long-adressed bullsh*t,” Co-founder of the Ethereum network, Vitalik Buterin, elaborated on why the research doesn’t hold. In a series of tweets, Buterin said,

The assumption that deflationary monetary policy implies R approaches zero is wrong, it ignores transaction fees

Obviously if rewards *and* fees approach zero percentage staked approaches zero

— vitalik.eth (@VitalikButerin) December 3, 2019

Additionally, Qi Zhou, Founder of QuarkChain, commented on Qureshi’s Medium post suggesting another possibility, “suppose a block producing reward (not include tx fees) equals to staker_token / sum_of_all_staker_token.” Zhou pointed out that there is a chance of stakers unstaking and lending their tokens if the rate of return of PoS would be worse than lending. This would further lower the total staked token and increase the return rate of PoS, which would help in attaining an equilibrium. He concluded by stating,

“Admittedly, this may hurt the system security but it seems that 100% percentage lending from the figure seems to be impossible.”

ETHSofia Announces $10K Hackathon Bounty and Stellar Line-Up

On July 28, the QKC token’s price increased from $0.008 to $0.014. Over the past week, it’s climbed by over 28%. As of today, July 30, QKC is trading at $0.01, with a market capitalization of $70,762,113. What is the QuarkChain price prediction for the short and long term?

1-week QKC price chart | Source: CoinMarketCap As claimed, QuarkChain is working to fix some of the big problems that older blockchains face. While Bitcoin and Ethereum have nailed decentralization, they’ve had to sacrifice scalability and flexibility to get there. Meanwhile, projects like XRP or USDT offer high scalability but are centralized, which doesn’t represent the ideal vision of the crypto world. QuarkChain aims to change this by solving these problems. Here’s how: 

Solves low scalability  Bitcoin, being the first and biggest cryptocurrency, is also the most widely used, but it can only handle about 6-7 transactions per second. Ethereum is a bit better, managing around 14-15 transactions per second. QuarkChain, on the other hand, aims to hit a massive 100,000 transactions per second, which would make it one of the most scalable blockchains out there. Right now, it’s already handling around 55,000 transactions per second, which is a huge leap forward compared to older networks.

Increases flexibility  QuarkChain is an intriguing public network that supports multiple consensus mechanisms, transaction models, ledgers, token economies, and more, all within a single network. Its team claims that it can adapt to blockchain innovations by simply adjusting its consensus or changing transaction models and other aspects. This makes QuarkChain really flexible and easy to update, unlike other blockchains that usually stay stuck with their original setup unless they go through a major overhaul. 

Promotes decentralization  QuarkChain’s two-layer system means that anyone can mine its tokens directly, whether you’re a seasoned pro or just starting out, no matter what kind of gear you have. It believes that this approach is far superior for decentralization compared to joining mining pools. Additionally, it allows users to choose whether they want to mine in the root chain or in a shard. 

Achieves interoperability  Thanks to its architecture, cross-chain transactions become feasible. The project notes in its documentation that QuarkChain supports only one root chain, so transactions from other blockchains — although possible — require some adjustments. They can be executed by converting tokens using an adapter and then carrying out transactions, such as transactions between segments. The only other method is to adapt another chain as a sidechain, making cross-chain transactions, which are already available, also cross-chain transactions.

Usability of the QKC token  The QKC token, QuarkChain’s native currency, opens up a world of exciting opportunities. It’s particularly well-suited for cutting-edge technologies like AI, big data applications, and the Internet of Things. The project also highlights that QKC is perfect for mobile dApps due to its robust design and structure. Beyond that, QuarkChain’s technology makes QKC valuable for various other applications, including social networks, online storage, exchange platforms, and even gaming. 

What will the QuarkChain price prediction be for the near future and beyond?

QuarkChain coin price prediction What’s on the horizon for QKC in the near term? 

QuarkChain crypto price prediction: short-term outlook According to the QuarkChain price forecast by CoinCodex, the coin’s price is expected to rise by 1.23%, reaching $0.010365 by August 29, 2024. Technical indicators are currently showing a bullish sentiment, and the Fear & Greed Index is at 67, reflecting a state of greed.

QuarkChain price prediction 2024  Wallet Investor’s projections hint that by the end of 2024, QKC could hit a maximum price of around $0.0247.

Based on current data, QuarkChain and its market environment have experienced a bullish trend over the past 12 months if such a trend exists. However, AI analysis suggests that QKC might face a downturn in the future, making it less likely to be a profitable investment. Given this gloomy outlook, it could be a smart move to look into other projects to diversify your portfolio. Trading in bear markets can be tough, so it’s wise to steer clear of this currency if you don’t have much experience. New investors should familiarize themselves with effective investment strategies before proceeding. These expectations are derived from Wallet Investor’s QuarkChain price prediction.

QuarkChain price prediction 2025 According to CoinCodex’s QKC price prediction for 2025, QuarkChain’s price could range from $0.0099 to $0.0159. If QKC reaches the higher end of that range, it could see a boost of up to 59.31% from its current value.

QuarkChain price prediction 2030 CoinCodex estimates that by 2030, QuarkChain’s price could vary between $0.0120 and $0.0560. If it hits the higher point of this forecast, it might see a remarkable increase of up to 462.96% from its current value.

Is QKC a good investment? Before putting your money into anything, consider how much risk you’re okay with and what you want to accomplish financially. That way, you can make choices that fit your investment goals.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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EthStorage, a top entity providing scalable blockchain storage services, has announced an exclusive collaboration with QuarkChain. The partnership aims to unveil “Super World Computer”, a groundbreaking platform integrating scalable storage and advanced multi-chain technology to drive decentralized AI innovation. The platform disclosed this collaboration on social media.

Happy to work with @Quark_Chain together to launch the Super World Computer – a fully decentralized Layer 2 blockchain designed for decentralized AI applications with unmatched scalability and security! 🚀

As a L3 we provide scalable, cost-efficient, and long-term on-chain… pic.twitter.com/v59HeuELNp

— EthStorage (@EthStorage) December 18, 2024 EthStorage Unveils Super World Computer in Collaboration with QuarkChain EthStorage shared a new blog post to provide the details of its new collaboration with QuarkChain. The partnership reportedly focuses on delivering unparalleled innovation, security, and scalability within the decentralized Web3 realm. The launch of Super World Computer emerges as a landmark achievement in the blockchain evolution. It fulfills the demand for resilient infrastructure to support the complicated requirements of the decentralized apps driven by AI.

By paying attention to scalability and security, Super World Computer promises to revolutionize the possibilities concerning on-chain artificial intelligence. The L3 platform EthStorage plays a vital role in the respective endeavor by offering long-term, cost-efficient, and scalable on-chain storage solutions. The above-mentioned features are very crucial to enable cutting-edge applications like decentralized AI for the overall Web3 sector’s advancement.

Leading to Innovative Possibilities in AI and decentralized Ecosystems The platform pointed out that the collaboration denotes a noteworthy move in redefining the decentralized innovation’s future. The platform integrates QuarkChain’s advanced L2 technology, it is establishing a forum to strengthen developers. In this way, it aims to expand the possibilities concerning decentralized artificial intelligence. QuarkChain, well-known for its multi-chain architecture as well as scalability, offers its expertise to EthStorage.

Keeping this in view, the collaboration emphasizes the Super World Computer’s capabilities to tackle high throughput as well as security-related demands of the latest decentralized applications. Hence, the collaboration endeavors to unlock the Web3 sector’s potential, especially in applications requiring massive storage and computational power.

The Initiative Aims to Make Super World Computer a Keystone in the Decentralized World According to EthStorage, with the evolution of the Web3 sector, the partnership with QuarkChain reflects the significance of mutual efforts to drive innovation. The partnership merges the strengths of both entities to increase the decentralized sector’s role in AI apart from cutting-edge apps. The Super World Computer is poised to become the central part of the decentralized network, to trigger the impending wave of innovation in AI and blockchain realms.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

PANews reported on March 6th that, according to The Block, the U.S. Securities and Exchange Commission (SEC) has dropped its 2023 charges against TRON founder Justin Sun, the TRON Foundation, and the BitTorrent Foundation, based on a final ruling issued Thursday by the Southern District of New York court. Rainberry, the company behind the BitTorrent protocol and BTT token developed by Sun, was fined $10 million and agreed to never engage in fraudulent market practices. In 2023, the SEC accused Sun and related companies of selling TRX and BTT tokens without registration and manipulating the price of TRX through fraudulent trading. Rainberry's fine primarily targeted its alleged market manipulation. Since Trump took office, the SEC has dropped several lawsuits against cryptocurrency institutions.

SEC Drops Justin Sun Case As Rainberry Agrees to $10 Million Fine

Rainberry Inc., the company behind BitTorrent, agreed to pay a $10 million settlement that ends a long-running case with the US Securities and Exchange Commission. The agreement lets the regulator dismiss its remaining civil claims against Justin Sun and affiliated foundations with prejudice, meaning the SEC cannot refile those specific charges.

Sun acquired BitTorrent and integrated it into his Tron blockchain ecosystem, linking Rainberry and the BitTorrent Token (BTT) to his crypto operations. Officials framed the settlement as closure rather than an admission of wrongdoing.

Settlement Reduces Regulatory Overhang For Crypto Projects Reports indicate the SEC’s case targeted allegations tied to token sales, trading practices, and unregistered offerings involving TRX and BTT. By resolving the matter through Rainberry’s payment, civil claims against Sun and the Tron Foundation were dismissed.

Analysts say the move clears a major legal hurdle and may reassure exchanges, investors, and partners that the immediate regulatory risk has been reduced.

The SEC letter to a Manhattan federal court on Thursday. Source: SEC Justin Sun’s Role And Statements On The Outcome Justin Sun and spokespeople emphasized that he did not admit wrongdoing. Sun framed the settlement as an opportunity to focus on product development, partnerships, and community engagement within the Tron ecosystem.

Public filings now reflect that Rainberry’s payment closes its portion of the case while reinforcing Sun’s ongoing leadership of the integrated BTT and TRX network.

The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a US Securities and Exchange Commission civil fraud case over his trading activity https://t.co/qJoSVO20WC

— Reuters (@Reuters) March 6, 2026

Traders Watch For TRX Price Breakout The market wasted no time reacting. Trading volume on TRX spiked on settlement news, though key resistance levels around $0.15 remained untested as of Thursday.

This caution is consistent with where TRX has been for the last 18 months. TRX, at the time of writing, was trading at $0.285, meaning that its value is not in line with the record number of transactions being made on chain.

TRX market cap currently at $27 billion. Chart: TradingView At this point, the market is still pricing in the potential risk of an SEC lawsuit and not valuing TRX for being the most used stablecoin network in the world.

Traders are viewing this settlement as lowering their legal exposure, and therefore will not consider this to be the “big” catalyst to move TRX up in price. Traders are chasing liquidity, depth of buy/sell orders, and the overall macro conditions of crypto when trading TRX.

From a legal perspective, it is important to note that although this particular case has now closed, public accusations of wrongdoing remain on record. As a result, both exchanges and custodians must continue to be vigilant in complying with regulations.

Foundations and Ecosystem Outlook The Tron Foundation has been focusing on developing technical solutions and providing support for projects within its ecosystem. The SEC settlement removes one of the obstacles to developing business and joint venture partnerships. However, restoring confidence in the ecosystem will take some time.

Featured image from Crosley Law, chart from TradingView

The SEC agreed to drop its long-running securities lawsuit against Justin Sun and Tron after a $10 million settlement tied to the promotion and trading of TRX and BTT tokens.

Posted March 6, 2026 at 7:16 am EST.

The U.S. Securities and Exchange Commission has reached a settlement in its lawsuit against Tron founder Justin Sun, bringing an end to a case that began in 2023. Under the agreement, Rainberry Inc., the company behind the BitTorrent protocol and the BTT token, will pay a $10 million civil penalty and agree not to violate securities laws in the future.

In exchange, the SEC will dismiss all claims against Sun, the Tron Foundation, and the BitTorrent Foundation. The dismissal is with prejudice, meaning the regulator cannot bring the same allegations again. The proposed settlement still requires approval from a federal judge.

This story is an excerpt from the Unchained Daily newsletter.

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The original lawsuit accused Sun and his affiliated companies of selling unregistered securities through TRX and BTT tokens, as well as manipulating the price of TRX through wash trading and paying celebrities to promote the tokens without proper disclosure.

The resolution arrives as the SEC has scaled back several crypto enforcement actions over the past year. Sun said the outcome brings closure and that he plans to continue building while working with regulators on clearer rules for the industry.

BTT: BitTorrent Weekly Report | 03.02–03.08

BTT: BitTorrent Weekly Report | 03.16–03.22

BTT: BitTorrent Weekly Report | 05.25–05.31

BTT: BitTorrent Weekly Report | 06.08–06.14

BTTInferGrid is a decentralized GPU computing network purpose-built for AI inference. By bridging the global supply of idle GPU capacity with the surging demand for AI workloads, BTTInferGrid delivers an open-access, verifiably secure, and pay-as-you-go computing infrastructure for AI developers worldwide.  

On June 17, BitTorrent, a pioneer in decentralized technology, announced the strategic launch of BTTInferGrid to capture the rapidly growing AI inference market. Utilizing a decentralized, edge-computing architecture, the platform aggregates fragmented, underutilized GPU resources globally. By eliminating friction between hardware providers and AI developers, BTTInferGrid offers a highly scalable inference engine featuring plug-and-play access, on-chain verification of computation results, and flexible utility-based billing.

By leveraging decentralized orchestration, BTTInferGrid solves the inherent bottlenecks of traditional centralized cloud providers, such as high-concurrency latency and rigid pricing models during demand spikes. On the supply side, the network redefines the economics of idle hardware, optimizing resource allocation across the entire computing ecosystem. 

This launch marks a strategic expansion of BitTorrent’s utility beyond its core BitTorrent File System (BTFS) storage protocol. By combining its proven expertise in large-scale decentralized resource scheduling with high-performance computing, BitTorrent is positioning itself as a foundational infrastructure layer for the decentralized AI era.

From Training to Inference: BTTInferGrid Reengineers the AI Compute Supply Chain The structural demand for AI compute is undergoing a fundamental shift from training to inference. BTTInferGrid is launching at this critical juncture to transform the supply side through its decentralized infrastructure, addressing prohibitive costs and resource bottlenecks to deliver cost-effective, high-performance compute.

Industry consensus projects that over 70% of future AI compute workloads will be dedicated to inference—the critical phase where AI models transition from development to production-grade deployment. While training is a one-time capital expense, inference is a continuous operational cost that directly impacts user experience and business viability. Oracle forecasts that the inference market will ultimately dwarf training in scale. Academician Zheng Weimin also notes that the vast majority of computing power is now consumed during daily user interactions with large models. This is reflected in operational budgets: inference now accounts for up to 95% of LLM compute expenses. Daily costs reach $700,000 for legacy platforms like ChatGPT, while even optimized models like DeepSeek V3 incur $87,000 daily.

As AI development democratizes, expanding beyond tech giants to millions of independent developers, traditional centralized infrastructure is failing on three fronts:

1. Inflexible Allocation vs. Volatile Workloads: Inference demand is inherently spiky, with peak-to-trough utilization ratios fluctuating by orders of magnitude within a single day. Centralized data centers force operators into a costly dilemma: over-provision hardware to guarantee peak availability—resulting in expensive idle capacity—or under-provision and risk service degradation. This systemic inefficiency, compounded by massive data center overheads like power and maintenance, keeps rental costs artificially high.

2. Prohibitive GPU Pricing Hinders Innovation: Despite the surge in open-source models, practical deployment remains constrained by the cost of stable, accessible hardware. Rather than scaling down, GPU access costs have surged. On specialized clouds, secondary market rates for mainstream H100 GPUs rose from $1.70/hour in October 2025 to $2.35/hour in March 2026—a nearly 40% spike that leaves developers with sophisticated models but no viable compute to run them. 

3. Supply-Demand Mismatch and Isolated Compute Pools: A massive volume of GPU capacity sits idle within private networks, academic labs, and regional data centers worldwide. Due to the lack of standardized access and unified orchestration, these scattered resources remain locked out of the global inference market. This creates a market paradox: developers face chronic hardware shortages while vast reserves of computing power sit dormant. 

In summary, the AI inference market is trapped in a triple squeeze: rigid centralized architectures lack elasticity, skyrocketing GPU rental fees stifle innovation, and fragmented global compute remains stranded. To break this deadlock, BTTInferGrid leverages decentralized technology to offer a new solution. 

Specifically, the platform dismantles centralized monopolies and infrastructure bottlenecks by establishing a direct, decentralized corridor between global developers and idle GPU resources. First, BTTInferGrid aggregates fragmented, underutilized hardware into a highly unified and open-access computing commons. Second, it bypasses legacy intermediaries to eliminate artificial entry barriers and opaque pricing, facilitating a frictionless transaction environment. Driven by robust DePIN incentives and coordination protocols, the network guarantees continuous access to high-performance, cost-effective inference capacity, neutralizing stifling financial barriers and supply constraints at the source.

BTTInferGrid: Redefining Computing Power Allocation with a Decentralized Network for AI Inference BTTInferGrid is architected with a singular mission: to establish the definitive decentralized infrastructure for AI inference. By bridging the global divide between idle GPU supply and escalating inference demand, the platform provides a permissionless gateway to high-performance compute that pairs verifiable execution with a flexible, pay-as-you-go model.

Leveraging a robust DePIN architecture, BTTInferGrid empowers both sides of the AI computing marketplace:

On the supply side, it aggregates fragmented, idle GPUs to build an open, shared computing foundation. Powered by tokenized incentives and intelligent routing, the network enables resource providers to seamlessly monetize their idle hardware—transforming it into yield-generating assets while ensuring a stable, scalable supply of compute. On the demand side, it equips global AI developers with accessible, on-chain verified, and on-demand inference services. Compared to traditional centralized cloud providers, BTTInferGrid delivers a highly cost-efficient and scalable alternative. This significantly lowers the barrier to entry for small and medium-sized teams, accelerating product development cycles while funneling value back into the supply-side ecosystem. BTTInferGrid is driving a powerful, self-sustaining growth flywheel: an expanding network of idle GPU nodes drives down computing costs, which in turn accelerates developer adoption. This surging demand further incentivizes new hardware suppliers to join the ecosystem, ultimately transforming scarce, high-cost AI computing power into an inclusive, on-demand decentralized infrastructure.

While most decentralized GPU platforms are currently hindered by prohibitive barriers to entry, opaque service reliability, and unsustainable business models, BTTInferGrid is engineered from the ground up to deliver three strategic breakthroughs, establishing a clear competitive edge: 

1. Permissionless Access and Rapid GPU Aggregation: Any individual or organization possessing idle GPUs that meet baseline performance and reliability standards can seamlessly connect to the network. This friction-free approach drastically lowers supply-side barriers to entry, rapidly consolidating distributed global compute into a unified network.

2. Verifiable Service Quality and Trustless Execution: To overcome trust deficit inherent in distributed networks, BTTInferGrid leverages advanced blockchain architecture to cross-validate all participant behavior. By integrating intelligent task routing, cryptographic spot checks, dynamic reputation scoring, and smart contract-based incentive and slashing mechanisms, the network effectively neutralizes fraud risks and ensures that all AI inference outputs are reliable, tamper-proof, and highly verifiable. 

3. Demand-Driven Economics for a Sustainable Ecosystem: BTTInferGrid is anchored by authentic AI inference demand and performance-based node incentives. Rather than relying solely on inflationary token emissions, compute suppliers generate real yield directly from developers paying for active network utilization. This utility-first mechanism mitigates speculative farming, ensuring the robust, long-term viability of the ecosystem.

The strategic breakthroughs achieved by BTTInferGrid—dismantling traditional barriers to entry, mobilizing global idle GPUs into a borderless computing grid, and engineering an end-to-end trustless verification loop—are fundamentally redefining the decentralized compute landscape. By anchoring its tokenomics strictly to authentic AI demand, the network pioneers a new standard for how computing resources are aggregated, verified, and equitably monetized.

The BTTInferGrid Roadmap: Scaling on Real-World Demand BTTInferGrid is more than a hardware aggregator; it is a full-stack decentralized compute protocol that seamlessly integrates intelligent task routing, dynamic supply-and-demand matching, and automated on-chain settlements. 

The ecosystem is powered by the synergy of three core participants. Compute Providers (Miners) provision their idle GPUs to the network in exchange for tokenized rewards; Compute Requesters (AI Developers) access scalable computing power via unified APIs; and Validators verify service quality and enforce consensus to maintain network integrity. This tri-party architecture delivers cost-efficient, reliable AI inference for developers while generating sustainable, utility-backed yield for hardware providers.

BTTInferGrid follows a clear, robust, demand-driven phased launch strategy. Rejecting the industry trend of unsustainable, brute-force expansion, the network prioritizes optimal resource utilization, economic viability, and the systematic scaling of its technical architecture.

Phase 1: Network Bootstrapping (2026)Onboard core nodes and validate distributed inference services. The primary objective is to scale the GPU node network and successfully navigate the cold-start phase. Phase 2: Ecosystem Diversification (2027)Strengthen network stability and privacy while expanding support for diverse AI model architectures. During this phase, the protocol will broaden its utility to accommodate complex scenarios, including decentralized model fine-tuning. Phase 3: Foundational AI Infrastructure (2028 and beyond)Establish BTTInferGrid as a native Web3 infrastructure layer, providing scalable compute for large-scale AI applications. The ultimate vision is the seamless convergence of decentralized compute, storage, and smart contracts into a unified ecosystem. At launch, the network will prioritize professional-grade GPUs. To ensure initial stability, supply-side onboarding (miners) will initially be a permissioned process, while developers will retain seamless, on-demand access to inference services. BTTInferGrid will subsequently evolve into a fully permissionless supercomputing grid, supporting consumer, professional, and data-center-grade GPUs through a performance-based tiered pricing model. Node operators will benefit from open access secured by a staking mechanism to guarantee Service Level Agreements (SLA). Simultaneously, developers will gain access to unified APIs compatible with major model formats and inference frameworks, ensuring maximum deployment flexibility.

Crucially, BTTInferGrid is built on the battle-tested foundation of BitTorrent and the BitTorrent File System (BTFS). Having operated at a global scale, BTFS has already validated the DePIN model, demonstrating mature capabilities in hardware orchestration, tokenomic incentives, on-chain settlements, and decentralized governance. As the flagship initiative for BitTorrent’s expansion into Web3 AI, BTTInferGrid represents an evolutionary upgrade of the BTFS ecosystem. By migrating these proven operational frameworks into the AI inference domain, BTTInferGrid leverages a significant structural advantage to drive rapid, sustainable growth. 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Is Web3’s Next Boom Coming from Africa, LATAM, and Asia? Lisk Bets $15 Million on It

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Data: Base and Solana account for 97% of AI agent-to-agent transaction share.

According to data compiled by Lisk's chief researcher Leon Waidmann on March 16, AI agent on-chain payment settlements are mainly concentrated on Base and Solana, with these two networks accounting for 97% of all agent-to-agent transactions. Specifically, Base accounts for 59% with 70.9 million transactions; Solana accounts for 38% with 45.3 million transactions; and all other networks account for only 3%, with 3.9 million transactions.

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Circle and Nomura Plan to Launch Stablecoin Settlement Service in Japan, Earliest Launch as Early as 2027

PANews Newsflash6 minutes ago

TLDR Arizona advanced Senate Bill 1649 to a full House floor vote after clearing the House Rules Committee. The bill would allow the state to create a Digital Assets Strategic Reserve Fund. The proposal permits Arizona to retain seized cryptocurrencies instead of auctioning them. The legislation names XRP, Bitcoin, Monero, NEAR Protocol, and Nano as eligible assets. Lawmakers set criteria to assess adoption levels and transaction activity for reserve assets. Arizona lawmakers advanced Senate Bill 1649 to a full House vote after clearing the House Rules Committee. The proposal would allow Arizona to retain seized digital assets in a state-managed fund. The measure names XRP, Bitcoin, and Monero as eligible assets under defined standards.

Arizona Crypto Reserve Plan Names XRP as Eligible Asset The House Rules Committee approved SB1649 with eight votes in favor. As a result, the bill now heads to the full House for consideration. Lawmakers introduced the measure to create a Digital Assets Strategic Reserve Fund. The proposal allows the state to keep digital assets obtained through forfeiture or surrender. Currently, agencies auction most seized cryptocurrencies.

State Senator Mark Finchem introduced SB1649 earlier this session. The Senate Finance Committee passed the bill with a 4–2–1 vote. Lawmakers set criteria to determine which assets qualify for the reserve. The criteria review adoption rates, annual transaction volume, and ecosystem development. The bill lists XRP, Bitcoin, Monero, NEAR Protocol, and Nano as eligible assets.

The proposal authorizes the State Treasurer to manage the reserve fund. The Treasurer may invest holdings to generate returns for the state. However, the bill requires that investment actions do not increase financial risk. Lawmakers included this provision to guide fund management practices.

If the House approves SB1649, the bill will move to the governor’s desk. The governor may sign the measure into law or veto it. Lawmakers placed the bill on the House calendar following the committee vote.

Bitcoin and Monero Included in Arizona Reserve Framework SB1649 identifies Bitcoin as a primary digital asset for the reserve. Lawmakers also included Monero under the eligibility framework. The bill groups these assets with XRP under a defined fair value threshold. This threshold evaluates economic strength and technical performance.

Under the measure, Arizona may retain cryptocurrencies received through legal processes. Agencies would transfer those assets to the reserve fund instead of auctioning them. The Treasurer would then oversee storage and management of the holdings. Lawmakers structured the bill to formalize how the state handles digital assets.

The legislation forms part of broader digital asset discussions in Arizona. Lawmakers are also considering Senate Bill 1042. That proposal would allow the state to invest up to 10% of public funds in cryptocurrencies. SB1042 remains under review in the state legislature.

At the federal level, digital asset reserves have also entered policy debates. President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The order also created a broader digital asset stockpile framework. Lawmakers referenced these developments during state discussions.

The House will now determine the fate of SB1649 in a floor vote. If members approve the measure, it will proceed to final executive consideration. The legislative process continues as scheduled in the current session.

PANews reported on April 17th, citing Cointelegraph, that a Brazilian security researcher warned that a Ledger Nano S Plus device he purchased from a Chinese e-commerce platform was a sophisticated counterfeit designed to steal users' crypto assets. The device was priced the same as the official store, and the packaging and product page appeared legitimate, but it failed the "authentication verification" when connected to the official Ledger Live app. Disassembly revealed that the device's hardware and firmware had been tampered with, including embedded WiFi and Bluetooth antennas, and the chip markings had been scratched off. Researcher analysis of the firmware showed that the device, upon startup, displayed the manufacturer as Shanghai-listed Espressif Systems.

Researchers are advising users to only download LedgerLive from ledger.com and to only purchase hardware from ledger.com. If a device fails to pass authenticity verification, users should immediately stop using it. Earlier this month, more than 50 victims suffered losses totaling $9.5 million due to the leakage of mnemonic phrases from fake Ledger Live apps listed on the Apple App Store.

This article has been updated with comments from a Ledger spokesperson.

A Brazilian security researcher has uncovered a sophisticated counterfeit Ledger device operation after discovering modified hardware designed to siphon cryptocurrency from unsuspecting users.

Summary

A Brazilian security researcher identified a sophisticated hardware compromise in a counterfeit Ledger Nano S Plus that utilized modified firmware to capture user recovery phrases. Physical inspections of the fraudulent device revealed the addition of unauthorized WiFi and Bluetooth components alongside a secondary manufacturer’s chip hidden beneath scraped markings. The operation relies on a deceptive QR code included in the packaging to lure users into downloading a malicious application designed to bypass official security checks. The security researcher, known online as “Past_Computer2901,” shared findings on Reddit after purchasing what appeared to be a standard Ledger Nano S Plus from a Chinese marketplace. 

Despite the packaging and price point matching official retail standards, the unit failed a “Genuine Check” when connected to the authentic Ledger Live desktop application. 

This red flag led to a physical teardown of the device, revealing that the internal circuitry had been altered to include WiFi and Bluetooth antennas—features entirely absent from the legitimate model.

Hardware manipulation and malicious redirects Scammers are utilizing these tampered devices to exploit first-time buyers through a deceptive setup process. 

A QR code included in the packaging directs users to a fraudulent version of the Ledger Live app, which is programmed to bypass security warnings and issue a fake verification of the hardware’s authenticity. 

Once a user follows the prompts to generate or enter a seed phrase, the compromised firmware captures the data, allowing the attackers to drain the wallet at will.

“This isn’t meant to cause panic, but rather to serve as a serious warning — I’m honestly still a bit shaken by the sheer scale of this operation,” the researcher noted.

Internal analysis of the unit showed that the scammers went to great lengths to hide the fraud, including scraping off original chip markings.

Counterfeit Ledger device. Source: Reddit. 

While the device initially identified itself as a Nano S Plus 7704 during the boot phase, the final sequence revealed the manufacturer as Espressif Systems, a Shanghai-based semiconductor firm. 

These modifications fundamentally break the security premise of Ledger products, which are built to keep private keys in a strictly offline environment.

“When purchasing from a marketplace, Ledger strongly encourages users to verify the identity of the seller. Users should ensure they only download the official Ledger Wallet apps on desktop and mobile. The situation involved counterfeit hardware, paired with a fake companion app flow designed to simulate the onboarding process, distributed through unofficial channels,” a Ledger spokesperson told crypto.news.

“Ledger will never ask users for their 24 words. If anyone claiming to be Ledger, or any app that purports to be a Ledger app, asks for your 24 words, you should immediately assume it is a scam,” they added.

The discovery follows a separate incident earlier this month where a fraudulent app bypassed Apple App Store security via a bait-and-switch tactic. The malicious software successfully tricked over 50 people into revealing their recovery phrases, resulting in the theft of $9.5 million before the platform removed the listing. The app has since been removed for malicious bait-and-switch functionality, according to Apple.

“Stay safe out there. Only download Ledger Live from ledger.com. Only buy hardware from ledger.com. If your device fails the Genuine Check — stop using it immediately,” the researcher cautioned.