AI Needs Proof-of-Work, Not Big Tech!
PayPal Increases PYUSD Liquidity by $1 Billion Through DeFi Lending!
Wall Street Enters the DeFi Market in Full.
Bitcoin Faces a Critical Test.
Who Benefits from Market Restructuring by New Global Forces?
Let’s analyze global economic and cryptocurrency news and explore economic trends together! Friday, September 26th, we’ll be discussing today’s cryptocurrency news and on-chain market conditions.
This program delivers the latest news to help you build your wealth. Let’s start with a look at 24-hour data headlines from the cryptocurrency market.
Let’s start with the argument that “AI Needs Proof-of-Work, Not Big Tech!”
This argument argues that proof-of-work, the underlying technology of blockchain, is essential to avoid centralized control and monopoly by major technology companies in the development and use of AI technology. In other words, there is a need to ensure decentralized networks and transparency, and to improve the reliability and safety of AI systems through fair computational competition.
The background to this is concerns that major companies have gained control of vast amounts of data and computational resources in the AI ââfield in recent years, leading to market and technology monopolization. While Proof-of-Work’s high computational load has also been criticized for its environmental impact, the value of decentralization and verifiability remains strongly supported.
This debate goes beyond mere technology; it is a topic that will have a major impact on the future of AI society and the digital economy. Some market participants are hopeful that the fusion of AI and blockchain will create a new model of trust.
Next, we are interested in the news that PayPal has leveraged DeFi (decentralized finance) lending to increase the liquidity of its stablecoin, PYUSD, by $1 billion.
PayPal has previously demonstrated innovative moves as a payment service, and this time it has strengthened the backing assets of PYUSD by managing funds in the DeFi market. Specifically, PayPal is using the DeFi lending platform “Spark” to lend out large amounts of funds, thereby securing liquidity and earning yields.
This strategy demonstrates that PayPal is evolving from a simple payment tool to financial infrastructure. It also boosts trust in the DeFi market as a whole, drawing attention from Wall Street.
In fact, many voices are calling for Wall Street to fully enter the DeFi market. While traditional financial institutions face regulatory and risk management challenges, they are increasingly interested in DeFi for its high yields and new investment opportunities. It will be interesting to see how Wall Street and DeFi will merge and form a new financial ecosystem.
As for Bitcoin, on-chain market data indicates that “market fatigue” is becoming more pronounced. This can be seen in signs such as declining trading volume and activity, which are also affecting price fluctuations.
Similar situations have previously seen temporary adjustments and increased volatility, so this could be seen as another important test. However, experts have noted that “Bitcoin has so far been resilient to geopolitical turmoil,” and market participants are cautiously keeping a close eye on the situation.
Finally, I would like to touch on the “Bitcoin market restructuring by new global superpowers.” These agreements and collaborations aim to revamp the market structure and regulatory framework and create a fair and transparent trading environment. Benefits will likely extend not only to exchanges and large investors, but also to small investors.
These developments are expected to lead to greater maturity and a restored sense of trust in the Bitcoin market, and in the long term, contribute to price stabilization and encouraging new entrants.
Now, there are three major psychological and economic impacts that emerge from this series of news.
First, the “convergence of technology and finance” is accelerating, and expectations for new value creation models are rising. At the heart of this is collaboration between AI and blockchain, and between DeFi and traditional financial institutions.
Second, while “market participant confidence” remains unstable, it is showing signs of recovery in some areas. The active entry of major companies such as PayPal and their measures to strengthen liquidity are emblematic of this.
Third, there is a strong sense of caution about a correction phase. In particular, signs of fatigue in on-chain indicators seen in the Bitcoin market could be a factor in increasing short-term volatility, so caution is required.
That concludes today’s news highlights. This channel provides in-depth, specialized features focusing on valuable news in the cryptocurrency world. If you find this channel valuable, please share, follow, and turn on notifications.
See you tomorrow.
