[PRESS RELEASE]

New decentralized system delivers enterprise-grade AI computing at up to 70% lower cost by intelligently combining cloud and distributed resources

Theta Labs today announced the beta release of its hybrid edge cloud architecture for its Theta EdgeCloud network, a computing platform that combines traditional cloud-based GPUs with a distributed network of over 30,000 community-operated edge nodes. The platform is designed to provide cost-effective access to high-performance computing resources for AI model training and inference, video processing, financial modelling, and other GPU-intensive tasks. In this new release, a new decentralized GPU marketplace is introduced that keeps compute pricing competitive and transparent across the platform.

The hybrid architecture addresses a fundamental challenge in modern computing: the rising cost and limited availability of specialized hardware needed for AI and machine learning tasks. Traditional cloud providers charge premium rates for GPU access, often pricing out smaller research teams, startups, and academic institutions. By integrating distributed computing resources from community members alongside conventional cloud infrastructure, the platform will provide similar capabilities at significantly reduced costs.

A dynamic GPU marketplace for efficient compute routing

Theta EdgeCloud is a decentralized marketplace that connects the supply and demand for GPU computing power. It empowers anyone with idle GPUs to contribute their resources and earn rewards, while providing developers and AI teams with a scalable, cost-efficient platform for running containerized workloads.

The platform now allows customers to choose the most suitable infrastructure for different types of computing tasks. For instance, training a large AI model that requires substantial GPU vRAM can be directed to powerful cloud or data center based GPUs. In contrast, tasks like burst model inference workloads, which are inherently parallelizable, can be distributed across many community-operated gaming machines, providing a flexible and cost-effective alternative.

To ensure a fair and dynamic pricing model, Theta EdgeCloud allows node operators (the supply side) to set their own hourly rental rates. Meanwhile, users (the demand side) can select nodes that meet their performance requirements and budget constraints when launching workloads. This market-driven approach helps keep GPU compute pricing competitive and transparent across the platform.

The system includes backup mechanisms with automatic failover logic to reassign work if any community device goes offline, ensuring reliable completion of computing tasks across the heterogeneous network of GPU types.

Powering Leading Academic and Enterprise Customers

The platform currently serves customers including Stanford University, Seoul National University, KAIST, Yonsei University, the University of Oregon, Michigan State University, and NTU Singapore for academic AI research. Enterprise clients include major sports teams such as the NHL’s Las Vegas Knights, NBA’s Houston Rockets, and global esports teams FlyQuest and Evil Geniuses.

The beta release includes features requested by existing customers, including persistent storage for AI model training, improved job prioritization, and a developer API interface for job submission and analytics.

“The reality is that GPU costs have become prohibitive for many organizations doing important AI research,” said Jieyi Long, CTO of Theta Labs. “Universities are telling us they’re having to scale back projects or wait months for access to affordable computing resources. By tapping into the unused GPU power sitting in gaming computers and workstations around the world, we can deliver the same computational capabilities at a fraction of the cost. This means our partners at Stanford, KAIST, and other institutions can run more experiments, iterate faster, and push the boundaries of what’s possible in AI research without budget constraints limiting their ambitions.”

Technical Capabilities 

The hybrid architecture supports containerized computing tasks including AI model training and inference, video encoding and transcoding, 3D rendering, financial simulations, and scientific computing applications. The platform provides over 80 PetaFLOPS of distributed GPU compute power through its combination of cloud partnerships with Google Cloud and Amazon Web Services and its distributed edge network.

The EdgeCloud client node is a lightweight software package that enables community members to contribute their idle GPU capacity. Advanced job containerization ensures high-efficiency computation across different GPU types and specifications. To learn more about the EdgeCloud client software, please check out this link.

About Theta Labs

Theta Labs is the leading provider of decentralized cloud infrastructure for AI, media and entertainment powered by a global network of 30,000 distributed edge nodes and a native blockchain. Backed by Samsung, Sony, Bertelsmann Digital Media Investments and Creative Artists Agency, Theta is among the top 10 DePIN blockchains by market capitalization on Coingecko and top AI tokens on Binance.com. Theta’s enterprise validator and governance council is composed of global market leaders including Google, Samsung, CAA and Binance.

Recently launched Theta EdgeCloud is the first hybrid cloud-edge computing AI platform with over 80 PetaFLOPS of on-demand distributed GPU compute power. EdgeCloud now counts 25 global customers including 4 of the top 5 South Korea universities, top professional sports teams including NHL’s Las Vegas Knights, NBA’s Houston Rockets and global esports teams FlyQuest and Evil Geniuses among others.

Website | Twitter | Medium | Discord | Developer Portal | Github

[PRESS RELEASE – Panama City, Panama, June 26th, 2025]

Deribit, the world’s premier Bitcoin and Ethereum options ecosystem, in collaboration with SignalPlus, a crypto options and analytics dashboard, is excited to announce the launch of the Summer Trading Competition 2025 – The Summer Chase.

“The Summer Chase 2025” is a five-week trading contest offering a total prize pool of over $300,000 in USDC, with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. From leaderboard battles to referral contests and daily reward events, the campaign aims to bring together a combination of skill, strategy, and summer fun for traders around the world.

Competition Details:

• Total Prize Pool: Over $300,000 USDC and equivalent
• Competition Dates: June 26 – July 31, 2025
• Eligibility: Open to Deribit retail traders trading via SignalPlus
• Registration Link

Incentives:

• Users who register by June 30th will receive 3 free Deribit options.
• By referring a friend, users can win a Rolex.
• By inviting a trader, users will have a chance to win a Tesla.

Luuk Strijers, Chief Executive Officer at Deribit, shared: “We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills.”

Chris Yu, Co-Founder of SignalPlus, added: “We’re proud to partner with Deribit to welcome traders into the next exciting iteration of our summer trading competition. At SignalPlus, we are firm believers of crypto options being at the forefront of the next innovation wave, granting users ever expanding control of their digital asset portfolios. Together with Deribit’s leading platform, we’re delivering an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community. As with our past collaboration successes, we are excited to see what this round of seasoned professionals and newcomers will achieve in the hot summer months, and look forward to interacting with all participants in the very near future.”

Competition Highlights:

• Attractive Prize Pool: Compete on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. From Tesla to Rolex to Hawaii travel to physical gold, ‘The Summer Chase’ should have something in store for everyone!
• Palm Throne Tournament: Climb the rankings each week by trading options and futures on Deribit with SignalPlus. Top traders earn weekly rewards with a twist – 1st place & odd-numbered rankers will receive bonus rewards!
• Island League Showdown – Team Competition: Team up and compete to win up to 1,000 USDC weekly, with 20% going to team leaders. All team members must meet the individual minimum trading volume for overall qualification.
• Big Referral Prizes: Invite and refer top-performing traders to the competition for a chance to win a Tesla or the equivalent of 30,000 in USDC.Upsize your referral bonuses by inviting additional registered users to earn up to 3,500 USDC, as well as jackpot prizes including a Rolex Submariner, Skydive Dubai entry, F1 Grand Prix tickets, and more.
• Participation Rewards & Daily Lucky Draws: Activity-based rewards will be granted to participants for making your 1st trade, social media contests, weekend boosts, and other challenges. Earn participation rewards without worrying about your rankings! Furthermore, daily events will be held to incentivize active traders with guaranteed USDC awards, while qualified teams will have a chance to win a trip to Hawaii through regular lucky draws.
• Cassette Rewards & Symbol Game: Daily trading activity unlocks cassette tokens for guaranteed and limited USDC rewards. Special symbol-based mechanics offer the chance to win a Hawaii trip and extra bonuses for teams.
• Lifestyle Prizes: From designer sunglasses and Apple Watches to travel giveaways and high-end electronics, The Summer Chase offers something for everyone.
• Learning & Engagement: Traders will have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities. Learn while you earn!

The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event begins today.

About Deribit

Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.

About SignalPlus

SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via our dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures.

Disclaimer:

Deribit FZE is licensed by the VARA to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. is not regulated and services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE (Qualified Investors) are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards.

Bitcoin and the rest of the crypto market have staged an impressive recovery following an escalation in tensions between Israel and Iran that rattled the markets across the world.

As Bitcoin trades above $107K, new data suggest that the leading crypto asset is approaching a critical juncture as on-chain and macroeconomic signals converge.

Market Fundamentals Warn of Possible Correction

On June 24, Binance’s Net Taker Volume, which happens to be an indicator of buying and selling pressure, exceeded $100 million for the first time since June 9. While this spike may suggest increased bullish momentum, CryptoQuant stated that such surges often stem from aggressive retail participation or the liquidation of over-leveraged short positions rather than sustainable investor demand.

At the same time, the total stablecoin net outflows from derivative exchanges have topped $1.25 billion, the largest exodus since mid-May.

This trend points to weakening structural support for long positions and reflects a broader withdrawal of capital from risk-on environments.

Interestingly, the latest market movement coincided with growing speculation about a shift in US monetary policy. During his semiannual testimony to Congress, Federal Reserve Chair Jerome Powell hinted that future commercial and economic conditions could warrant interest rate cuts.

The statement is a significant change in tone from the central bank, which indicates a possible pivot toward monetary easing. Further validating this narrative, the US 2-year Treasury yield has entered a clear downtrend, a pattern typically interpreted as the market pricing in future rate cuts. Investors are increasingly seeking safety in short-duration government bonds, which evidences rising caution.

Elsewhere in the global currency markets, the Swiss Franc surged past 1.24 against the US dollar for the first time in several years, which, again, depicts an increased demand for traditional safe-haven assets. Together, these indicators suggest a rising risk-off sentiment in financial markets.

While the Net Taker Volume spike may fuel short-term volatility, the significant outflow of stablecoins from derivative platforms raises concerns about the ability of Bitcoin’s price to sustain upward momentum. With macro uncertainty intensifying and liquidity thinning, the market could be nearing a near-term correction.

Binance Open Interest Spikes; Long-Term Holders Trim Exposure

As volatility returns and structural support wanes, Bitcoin’s internal market indicators are flashing additional cautionary signals worth close attention.

In fact, data from Binance shows the 24-hour Open Interest (OI) percentage change has exceeded 6% for the third time in two months. Previous surges, observed around May 26 and June 10, were followed by price dips or periods of consolidation. This recurring trend could mean that increased inflows into leveraged positions may precede short-term profit-taking and de-risking by market participants.

Additionally, the Long-Term Holder (LTH) Net Position Realized Cap has sharply declined from over $57 billion to just $3.5 billion. This significant drop indicates that long-term holders are reducing exposure and are likely capitalizing on recent price gains and reacting to evolving macroeconomic conditions.

While these developments do not necessarily point to an immediate bearish reversal, CryptoQuant said that it does highlight a rising market sensitivity. As such, the market may be entering a profit-taking phase, where short-term pullbacks or sideways movement are more likely as speculative interest builds and long-term conviction wanes.