SCB 10X

The summit has come to an end! Thank you to all the speakers, moderator and our partner, Bloomberg for making the 5th Global DeFi & Web3 Virtual Summit a success. This year, we had over 5,000 participants sign up for the event. Missed a session or want to rewatch your favorites? Catch all the reruns of #REDeFiNETOMORROW2024 here: https://lnkd.in/g--Nyv46 #REDeFiNETOMORROW2024 #SCB10X

#Weeklynews Update trends in Tech and Startup! 1. SoftBank's acquisition of Graphcore, a British AI chip manufacturer, is expected to boost its growth in the AI market. Source : https://lnkd.in/g5U6i3iG Image Credit : Chris J. Ratcliffe/Bloomberg via Getty / Graphcore CEO Nigel Toon . 2. Goldman Sachs to Launch 3 New Tokenization Products for US and European Markets Amid Growing Demand for Digital Assets Source : https://lnkd.in/gcHkqHem Image Credit : cointelegraph . 3. Sygnum Bank unveils Sygnum Connect, a real-time multi-asset settlement network, to enhance capital efficiency and liquidity in the digital asset industry. Source : https://lnkd.in/dSUpaJh4 Image Credit : sygnum . 4. Fireblocks collaborates with top custodian firms, introducing the Global Custodian Partner Program to elevate digital asset management. Source : https://lnkd.in/gwtMzMKA Image Credit : fireblocks . 5. FlashAttention-3, an upgraded attention mechanism in Large Language Models (LLMs), improves GPU efficiency and minimizes errors in FP8 processing. Source : https://lnkd.in/gx48DBuB Image Credit :  . 6. Guardrails AI teams up with LangChain Developer to streamline the validation process and improve the quality of AI applications. Source : https://lnkd.in/gy3Zdiqk Image Credit : guardrailsai . 7. Nansen and Viction join forces to enhance blockchain data analysis, offering users free access to in-depth insights into the Viction network. Source : https://lnkd.in/gMR7hTu6 Image Credit : nansen . #SCB10X #Blockchain #AI #Bitcoin #News

"Kaito AI" is transforming how we access Web3 data using the power of AI 🤖. Discover how this newly launched platform is already providing services for over 200 leading institutions and projects! Read the summary from REDeFiNE TOMORROW 2024, where Yu Hu, CEO & Co-founder of Kaito AI, spoke with Pailin (Pie) Vichakul, COO & Partner of Venture Capital at SCB10X, . on our blog. 👉 https://lnkd.in/gFiCEkZA . *Watch this on Youtube: https://lnkd.in/gwUUh3m9 #REDeFiNETOMORROW2024 #SCB10X #KaitoAI #Web3 #AI

SCB 10X is pleased to announce that our CIO & CEO, Mukaya (Tai) Panich, has been recognized for the fourth consecutive year as one of the 100 leading corporate venturing professionals in the 2024 Powerlist! This incredible achievement is a testament to her unwavering dedication, visionary leadership, and the remarkable impact she has made in the industry. . Read more: https://lnkd.in/gGCDsC3T . #SCB10X

INIT Capital & Revolutionizing DeFi Money Market with Liquidity Hooks . Welcome back to our recap of the highlights from REDeFiNE TOMORROW 2024! Today, we introduce the concept of "Liquidity Hooks" and their potential to revolutionize the DeFi market. Join us as Tascha Punyaneramitdee, CEO & Founder of INIT Capital, discusses this innovative idea with Akahat Vaidya, Head of Investments at Maelstrom Capital. . “Liquidity Hooks,” introduced by INIT Capital, are an option for simplifying access to DeFi. They act like plug-ins for DeFi projects, allowing them to instantly connect to INIT and tap into its liquidity pool without having to build their own. . ✅ One-Click Yield Strategies: Users can easily access a variety of yield-generating strategies from different protocols. One example is the "USDE Looping Hook." . 💰 USDE Looping Hook: Developed with Ethena Labs, this feature maximizes returns on USDE deposits. It works by borrowing funds, swapping them for USDE, and then depositing the USDE on INIT as collateral. . 🧑💻 Permissionless Innovation: Anyone can create Liquidity Hooks on INIT, enhancing the functionality and efficiency of DeFi. . 🔑 Lowering Barriers to Entry: INIT Capital simplifies DeFi access with a user-friendly interface and clear risk assessments. . 🚀 Transforming DeFi: INIT Capital aims to revolutionize DeFi with infrastructure that enables rapid deployment of new protocols and features in minutes. This empowers existing protocols and allows developers to focus on innovation instead of rebuilding DeFi foundations, all while prioritizing security. . 💯 INIT Points Rewards: Users earn "INIT Points" for using the platform, referring others, and participating in the INIT community. These points unlock real benefits within the platform. . 👾 Improving User Experience: There's still room for improvement in DeFi's user experience (UX/UI), particularly to make it more intuitive for newcomers. . *Watch this on Youtube: https://lnkd.in/gJkpwAk8 *Learn more about INIT Capital in their website: https://init.capital #DeFi #INITCapital #LiquidityHooks #REDeFiNETOMORROW2024 #SCB10X

How Will Regulation and Innovation Harmonize in the Future of Crypto? . The future of digital assets or the crypto industry is promising if legal and regulatory oversight is promoted in a balanced manner. 🚀 Today, we bring you key takeaways from "REDeFiNE TOMORROW 2024", a session featuring regulatory representatives from Singapore (MAS): Sopnendu Mohanty / 漠汉帝 / 模範帝 / सोपनेंदु / ସୋପ୍ନେନ୍ଦୁ, Hong Kong (SFC): Elizabeth Wong, Abu Dhabi (ADGM): Wai Lum Kwok, and Thailand (Thai SEC): Nopnuanparn Pavasant as they discussed regulatory approaches in the digital asset industry. . 🎯 Key Points 🎯 🔥 “Stablecoins are on the rise!” All representatives agreed that stablecoins are the future of digital assets. Singapore (MAS) is developing a policy or framework for stablecoin issuance while Hong Kong (SFC) is studying regulations for stablecoins. . 🔐 "Innovation and security must go hand in hand." All regulators aim to create an environment that not only fosters innovation but also robustly protects investors. . ⚖️  Crypto regulation should adhere to the principle of "same business, same risk, same rules," referencing existing frameworks for similar activities in traditional finance. However, regulators must also develop crypto-specific requirements that address the unique aspects of this industry without stifling its growth. . 🌐 "Strive for global regulatory consistency." Participants agreed that digital asset regulation should be more consistent across jurisdictions to prevent regulatory loopholes. The solution lies in increased collaboration and information sharing among international regulators. . 🧑💻 "Leveraging technology for enhanced regulation." Regulators are exploring the use of AI and machine learning to streamline regulatory processes, starting with detecting suspicious transactions and interacting with smart contracts more efficiently. . 🚀 "Collaboration is key." Regulators emphasized their commitment to promoting innovation in the digital asset space. Close collaboration between regulators and industry stakeholders will be essential for developing globally compatible frameworks that unlock the potential of crypto and Web3 while mitigating risks. . ⏳ Global regulatory harmonization and consistency will take time, but progress is steady. The future of digital assets will be defined by innovation coupled with responsible regulation and international cooperation. . *Watch this on Youtube: https://lnkd.in/gdTKst_e  . #Cryptocurrency #Blockchain #DigitalAsset #Regulation #REDeFiNETOMORROW2024 #SCB10X

#Weeklynews Update trends in Tech and Startup! 1. Apple is joining OpenAI's board as an observer, with Phil Schiller as its representative, to gain insights into OpenAI's decision-making process. This move is part of Apple's broader AI strategy, which emphasizes both in-house development and collaboration with partners. Source : https://bit.ly/3RZ27Fa Image Credit : reuters . 2. Compute Labs has raised $3 million in pre-seed funding, valuing the company at $30 million. The startup is developing a protocol to tokenize GPUs on the Solana blockchain, enabling investment in high-performance GPUs through GNFTs (GPU Non-Fungible Tokens). These GNFTs provide ownership rights and potential rewards to investors. The company expects to launch its mainnet and initiate a pre-sale of GNFTs soon. Source : https://bit.ly/4cT555U Image Credit : The Block Solana . 3. OpenLedger, a blockchain company developing AI infrastructure, has secured $8 million in seed funding. The company aims to bridge the gap between good and best AI models through decentralization. With the new funding, OpenLedger plans to expand its team, further develop its infrastructure, and launch its mainnet next quarter. Source : https://bit.ly/3S0Kxkh Image Credit : The Block Crypto . 4. Forta Foundation Network has expanded its security services to include Base, its tenth supported blockchain. The company has also launched protectedbyforta.com, a website designed to verify URLs and warn users of potential phishing scams. Additionally, Forta Network reported the locking of 3 million FORT tokens in its staking vault. Source : https://bit.ly/4dbtIeD Image Credit : forta . 5. Sygnum Bank, Fidelity International, and Chainlink have partnered to bring net asset value (NAV) data onto the blockchain. This collaboration aims to increase transparency and accessibility of assets by leveraging Chainlink's technology for automated and secure NAV reporting. This marks a significant step in bridging the gap between traditional finance and the blockchain industry. Source : https://bit.ly/4cWBl8B Image Credit : sygnum . 6. Metrika, a blockchain risk management platform, and Zodia Custody, a digital asset custodian, have partnered to enhance risk management in the digital asset industry. By combining their expertise, the companies aim to provide comprehensive risk management solutions tailored for institutional clients. Source : https://bit.ly/4bA78e7 Image Credit : metrika . 7. Nansen has enhanced its Smart Money Fund labels to provide more valuable insights for users. By utilizing data-driven criteria, Nansen now categorizes funds as Smart Funds or Not Smart Funds, enabling users to identify reliable and profitable funds, anticipate market movements, and make more informed investment decisions. Source : https://bit.ly/4bGyAXM Image Credit : nansen . #SCB10X #Blockchain #Crypto #AI #News

Key insights on the current state of the crypto market, highlights from REDeFiNE TOMORROW 2024, on the topic of "Options and Algos: The State of Play in the Crypto Market," through the perspective of Darius Sit, Founder & CIO of QCP . 🚀 The crypto market experienced a significant shift after the launch of the Bitcoin Spot ETF in the US, attracting institutional investors both domestically and globally, leading to greater acceptance of cryptocurrencies as a new asset class. . 🚀 It is predicted that in the next 5-10 years, Bitcoin, Ethereum and other crypto assets may be treated similarly to stocks. . 🚀 Financial institutions are accelerating their adaptation by offering financial products for crypto, similar to those offered for stocks and commodities. . 🚀The line between CeFi (Centralized Finance) and DeFi (Decentralized Finance) is blurring, with the integration of blockchain technology, as seen in protocols like Ethena, which uses a CeFi approach but can be used in DeFi. . 🚀 As Bitcoin becomes more integrated with the macroeconomic system, it has shown increasing correlation with the S&P 500 index, reflecting its influence in broader economic trends and factors, and becoming more corresponded with traditional markets. . 🚀 In the future, other digital assets like Ethereum may be included in ETFs. . 🚀 CeDeFi (Centralized Decentralized Finance) and the popularity of meme coins are likely to increase. . 🚀 QCP Capital sees growth opportunities in the Middle East market and believes cryptocurrencies will be part of the global capital market. . 🚀 QCP Capital has launched an asset management company, Primrose Capital Management, to bring quantitative trading strategies to the crypto market. . 🚀 Although the crypto market faces challenges in data quality due to diverse data sources, Darius Sit believes that 2024 will be a new beginning with new opportunities for the crypto market. . 🚀 There is still much room for growth in the crypto market, with new products and services being created. . *Watch this on Youtube: https://lnkd.in/gpmBK2fb  . #QCP #BitcoinETF #Crypto #Blockchain #DeFi #CeFi #REDeFiNETOMORROW2024 #SCB10X

As large institutions are adapting to the digital asset market, Anton Katz, CEO and co-founder of Talos, along with Stephen Richardson, Managing Director of Fireblocks, discussed the changing landscape of institutional digital asset trading at REDeFiNE TOMORROW 2024. . *Read more on the blog https://lnkd.in/gGnbghP8 . *Watch this on Youtube: https://lnkd.in/gN5kaiFq #Blockchain #DeFi #Web3 #Talos #REDeFiNETOMORROW2024 #SCB10X

Balancing Decentralization and Performance: Advancing the Scalability Tradeoff with Monad . Revisit the key highlights of ‘REDeFiNE TOMORROW 2024’ with Keone Hon, co-founder of Monad Labs, in conversation with Matthew Walsh, Founding Partner of Castle Island Ventures. The discussion focused on blockchain scaling with new ideas and many other interesting highlights. . ⛓️ Monad is a new Layer 1 Blockchain platform designed for enhanced efficiency and scalability. It aims to overcome the limitations faced by Ethereum and share advancements that could potentially improve the Ethereum ecosystem. . 🚀 Ultra-fast transactions: Monad supports over 10,000 transactions per second (TPS), with a 1-second block time and Single-Slot Finality for near-instantaneous settlement. . 🔄 EVM compatibility: Smart contracts and dApps built for Ethereum or other EVM-based blockchains can easily migrate to Monad without complex modifications. . 🔥 Advanced scaling techniques: Monad utilizes a custom state database, optimistic parallel execution, deferred execution and a high-performance BFT consensus mechanism. . 🌐 Emphasis on decentralization: Monad prioritizes both efficiency and affordable hardware in order to maintain a decentralized network with all inclusive access. . 🧑💻 Low transaction fees: Developers can build complex applications without worrying about high fees. . 👾 Promoting DeFi and new opportunities: Monad's efficiency can enhance the user experience for existing DeFi applications and stablecoins, enabling "High-fidelity DeFi" with tighter spreads. Even simple in-game transactions can be performed on the blockchain. . ➕ Supporting Ethereum: Monad sees itself as a way to expand the capabilities of blockchain technology, contributing to the development of Ethereum. . 💪 Strong community support: Monad is progressing towards its mainnet launch with a robust community playing a crucial role in driving the growth of the Monad ecosystem, even during the bear market. . Watch this on Youtube: https://lnkd.in/guEbeQWF #blockchain #DeFi #Monad #cryptocurrency #scalability #REDeFiNETOMORROW2024