News

Jinse Finance reported that on March 16, Matrixport released its daily chart analysis, stating that over the past two weeks, both its daily and weekly market insights have consistently emphasized the potential for an upward trend, even when overall market sentiment and positions were still leaning bearish. This judgment has now been validated. Notably, in the daily insights on February 25, Matrixport pointed out the possibility of an increase in Circle stock, which subsequently surged nearly 100% in less than three weeks. As the stock price approaches resistance levels, market focus may begin to shift toward other emerging opportunities. This once again highlights the importance of understanding market structure and position status, rather than simply reacting to news headlines or mainstream sentiment. With technical indicators improving and liquidation activity remaining subdued, the market may be laying the foundation for a new round of gains. Although overall trading volume remains low, our sentiment indicators have shown significant improvement.

Foresight News reports that on Polymarket, the probability of "edgeX FDV exceeding 300 millions USD one day after launch" is 92%. The probability of exceeding 500 millions USD one day after launch is 64%, and the probability of exceeding 700 millions USD one day after launch is 50%. Currently, the trading volume for this prediction event has surpassed 4.7 millions USD.

BlockBeats News, March 16th, according to official sources, Bittensor subnet Templar (SN3) completed the largest decentralized LLM Covenant-72B pre-training in history on March 10th. It is reported that Covenant-72B is a language model with 720 billion parameters, pre-trained by the Templar team on Bittensor Subnet 3, entirely based on the general internet, without the need for centralized data centers. The model achieved a score of 67.1 in the MMLU (zero-shot) test, surpassing centralized baseline models such as LLaMA-2-70B and LLM360 K2 under the same evaluation conditions. It is the largest fully permissionless collaborative language model to date, with over 70 different nodes contributing computing resources throughout the entire operation. The team has released all weights and checkpoints under the Apache license. Possibly influenced by this news, Bittensor (TAO) and its subnet token saw a general rise, with TAO up 54.8% in the past two weeks. The subnet token τemplar surged by 194% in the last 7 days, now trading at $19.3.