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Theta Labs Launches Hybrid Edge Cloud Architecture with Dynamic Supply-Demand GPU marketplace to Democratize Access to Computing

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[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.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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