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Project Overview
Hydra is a Proof-of-Stake blockchain with a unique set of economic features. It has a unique combination of inflationary and deflationary mechanics as part of its economy, allowing real adoption to define its total supply.
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AI server intermediary platform Hydra Host raises $100 million, led by Kindred Ventures
Hydra Host, a data center software startup and AI server intermediary platform, has completed a $100 million funding round at a post-money valuation of nearly $800 million. The round was led by Kindred Ventures. Other investors include Nvidia, ARK Invest, Magnetar Capital (an early investor in CoreWeave), and existing shareholders Founders Fund and Flume Ventures.Founded in 2021, Hydra Host initially served cryptocurrency miners but has since pivoted to providing automation software for data center operators. This software enables them to rent out idle Nvidia AI server computing power and operate a GPU matching marketplace connecting GPU holders with renters. The company has now deployed its technology across 50 data centers globally, expanding from 30 in February of this year. (The Information)
ZachXBT: UK's Sanctions on HTX Are Overreach, Exacerbating On-Chain Address Contamination
on-chain detective ZachXBT stated on platform X that the UK's recent inclusion of HTX in crypto sanctions lists constitutes overregulation.ZachXBT pointed out that, compared to previously sanctioned entities such as Huione, Blender, and Hydra, HTX has a large number of retail users in Asia. Placing HTX on the sanctions list has linked numerous legitimate on-chain addresses to the sanctions regime, worsening the issue of address contamination and gradually rendering the "risk" tag itself meaningless. He noted that while tracking on-chain cases, he has already been forced to ignore tags related to the sanctions category.Furthermore, ZachXBT also criticized UK regulators for failing to uncover a money laundering case involving $1.25 billion, arguing that this aligns with long-standing issues in how the UK handles crypto-related cases.