News linked to both this project and an event.
Odaily AI infrastructure project Venice has announced an update to its VVV and DIEM tokenomics model, introducing a new programmatic buyback and burn mechanism and gradually increasing the DIEM supply target from 38,000 to 40,000 tokens.Venice stated that VVV is its core ecosystem asset, an ERC-20 token issued on the Base chain. After users purchase and stake VVV, they can earn rewards, unlock Venice Pro benefits, and use it to mint DIEM. Previously, a portion of platform revenue was used for market buybacks and the burning of VVV.This update first expands the sources for VVV burning. Previously, Venice had already implemented an automated VVV buyback and burn mechanism through Pro, Pro+, and Max subscription revenues. Now, this mechanism will cover API credit purchases: for every $100 worth of Venice API credits purchased by a user, $5 will be used to buy and burn VVV. This process will be executed automatically. As API usage grows, more VVV will be removed from circulation.Venice stated that the new API burn mechanism will be tracked separately on the official burn page, displayed distinctly from the burn records generated by subscription revenue.Concurrently, Venice will adjust the DIEM supply target. DIEM is the second-generation token in the Venice ecosystem, used to provide access to AI model credits. Each DIEM corresponds to $1 worth of daily Venice AI credits.DIEM can only be minted by staking and locking VVV. Users can use or sell these AI credits. Previously, the DIEM supply target was long fixed at 38,000 tokens.Starting August 3rd, this target will be gradually raised to 40,000 tokens, adding up to 2,000 new DIEM minting capacity to the market. As each newly minted DIEM requires locking more staked VVV, this will correspondingly increase the daily supply of AI API credits.Venice indicated that as the DIEM supply approaches the target, the minting cost (Mint Rate) will gradually increase. This increase in the supply target will provide users with greater minting capacity while maintaining the ecosystem's supply-demand mechanism.This adjustment shows that Venice is strengthening its token economic flywheel through a path of "AI service demand growth → increased API revenue → continuous VVV burning → ecosystem value capture."
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
According to the official announcement, HTX has launched a “Four-Tier Bonus Campaign” for new users. From now until June 12, 2024, at 19:59 (UTC+8), new platform users who complete registration, deposit funds, trading, and referrals will all be eligible for rewards. The campaign includes the following four components: 1. During the campaign period, newly registered users who sign up and complete designated tasks will receive chances to participate in a lucky draw, with prizes including an iPhone 17 Pro Max and XAUT tokens. 2. During the campaign period, new users who achieve a daily spot trading volume of ≥100 USDT or a derivatives trading volume of ≥500 USDT will earn one “check-in.” Users can unlock mystery-box airdrops based on their total number of check-ins. 3. New users will be ranked according to their spot trading volume, competing for a shared prize pool of 30,000 USDT—higher rankings yield larger rewards. 4. During the campaign period, both new and existing platform users who invite friends to register—and whose invited friends complete designated tasks—will receive a 20 USDT reward per successful referral, with a maximum individual reward cap of 300 USDT.
At the Alibaba Cloud Summit, the Qwen3.7-MaX model was launched, enhancing core model capabilities—including language understanding and generation, logical reasoning and computation, knowledge retention and commonsense reasoning, and instruction following and alignment—and supporting multiple Harness frameworks. (Jin10)
Anthropic's Claude has announced a partnership agreement with SpaceX to significantly increase its computing capacity and raise usage limits for Claude Code and Claude API. This includes doubling the 5-hour rate limit for Claude Code in Pro, Max, and Team subscription plans; removing Claude Code rate limits during peak hours for Pro and Max plans; and substantially increasing the Opus model API rate limit. Claude will also utilize the full computing resources of the SpaceX Colossus 1 data center, with plans to add over 300 megawatts of deployment capacity within a month.
According to an official announcement, BAIclaw officially launched its “Sun Brother Brain” feature on May 1. Users can now one-click load the “Justin Sun Perspective” Skill to experience firsthand the deep integration of cutting-edge large language models with top-tier Web3 trading logic. To support deeper on-chain interactions, the platform has simultaneously introduced two premium subscription plans—Plan Pro and Plan Max—offering enhanced execution bandwidth and a smoother trading experience. Additionally, a limited-time launch promotion is now live: new users who make their first deposit of at least $5 will receive a bonus of 5,000,000 points. This update marks B.AI’s further advancement in integrating AI with the on-chain ecosystem—invite you to enter B.AI now, sync with elite intelligence, and seize every wealth opportunity in the Web3 market.
Odaily Odaily News According to official sources, Gate Alpha officially launched its May Day special event at 14:00 (UTC+8) on April 30. Users can trade designated hot tokens to participate in sharing a total airdrop reward worth over $100,000. This event features a dual reward mechanism for basic and advanced tiers: For the basic tier, users can earn one chance to draw a regular mystery box for every 200 USDT traded, with a total prize pool of approximately $30,000, a 100% win rate, and prizes including an iPhone 17, GT tokens, and Alpha fee rebate vouchers. For the advanced tier, once users have traded up to 2,000 USDT, every additional 500 USDT traded grants one chance to draw a premium mystery box, with a total prize pool of approximately $76,000, and prizes including an iPhone 17 Pro Max, substantial GT tokens, and substantial Alpha fee rebate vouchers. Additionally, inviting friends to complete their first trade of 100 USDT will grant extra rewards to both the inviter and the new user. All rewards are distributed in real-time and are available only while supplies last.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BNB Chain, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain. It also enables seamless cross-chain token trading through a contract address search function, unlocking cross-chain trading pathways and offering users all on-chain tokens at their fingertips.
Bitget has launched a trading leaderboard campaign, running from April 27 to May 11. This campaign comprises five major components: Individual Futures Trading Rankings, Individual Futures Profit Rankings, Early-Bird Tasks, Loss Subsidies, and Huawei-Specific Rewards—with a total prize pool of up to $208,000 USDT. Specifically, the prize pools for the Individual Futures Trading and Individual Futures Profit Rankings will be unlocked tier-by-tier based on the platform’s aggregate futures trading volume; individual users can win up to 16,800 USDT. Additionally, the top 500 users whose cumulative futures trading volume exceeds $50,000 USDT will receive extra USDT early-bird rewards. During the campaign, eligible users may also claim loss subsidies and stand a chance to win physical prizes—including the Huawei Pura X Max Collector’s Edition and the Huawei WATCH ULTIMATE DESIGN Master Series. For more details, please visit the official Bitget platform.