Shiba Inu Vs LUNC Burn: Which Is Better? The growth of both Shiba Inu and LUNC tokens has been greatly hampered by their circulating supply. As a way to curb this, both communities have come up with a burn plan to reduce the supply of tokens as much as possible. So far, community members have sent a large number of tokens to the burn address. But which community's efforts have the greatest impact on the token price? Since it began almost a year ago, the LUNC community burn has gained a lot of traction. Millions of tokens are withdrawn from circulation every week to reduce its supply of more than 5.8 trillion. To date, this has resulted in tens of billions of tokens being burned. According to the website, the community has reached the milestone of 85 billion token burns. The community burned more than 1.7 billion tokens in a week, bringing the total number of tokens burned in history to approximately 85 billion. Behind this milestone, the prices of LUNC and USTC have started to rise again, indicating that there is a correlation between burns and price performance. Not only are the Terra Classic ecosystem tokens on the rise, but so are the rebranded LUNA tokens. The LUNC burn program was strongly supported by an exchange, and the burn activity also expanded to USTC tokens, with thousands of tokens being burned every day. Compared with LUNC burning, Shiba Inu community burning has a greater impact on the price. Unlike LUNC, around 45% of the total token supply has been burned. Much of this can be attributed to ETH Fang founder Vitalik Buterin, who received half of the SHIB token supply in 2021. Buterin ended up burning most of these tokens after donating some of them to the Covid Relief Fund. However, the community has not relented in its efforts to reduce supply. Last week, the burn rate rose by more than 7.6 million in 24 hours, one of the most significant spikes. This increase in burning momentum continued into the new week, with Sunday's data showing that more than 152 million tokens were burned. Shibburn's data shows that the figure of 152 million has increased the SHIB burn rate by another 2,875%, which has been at a high level since the start of the week. Most of the tokens that were burned came from a wallet that burned 107.6 million tokens in a single transaction. However, unlike LUNC, the spike in the SHIB burn rate doesn't seem to have had much of an impact on the price, with the token trading close to breakeven over the same period. (Source: Scott Matherson)

🔥 Gate.io Trending Coins [December 04] 🔥 $BTC$ $LUNC$ $BEAM$ $ETH$ $ORDI$ $USTC$ $BIGTIME$ $IOTA$ Which one are you eyeing on? More: https://www.gate.io/trade

According to a report by Webmaster's Home on December 4, DocPedia, a multi-modal document model developed by ByteDance in cooperation with the University of Science and Technology of China, has successfully broken through the limit of resolution and reached a high resolution of 2560×2560, while the current industry's advanced multi-modal large models such as LLaVA and MiniGPT-4 process images with a resolution of 336×336, which cannot parse high-resolution document images. The result is that the research team has adopted a new approach to address the shortcomings of existing models in parsing high-resolution document images. It is said that DocPedia can not only accurately identify image information, but also call the knowledge base to answer questions based on user needs, demonstrating the ability to understand high-resolution multimodal documents.

PANews reported on December 4 that Coinglass data showed that in the past 24 hours, the entire network of contracts in the cryptocurrency market was liquidated by $108 million, and a total of 51,829 people were liquidated. Among them, 40.9338 million US dollars were liquidated by long orders, and 66.9936 million US dollars were liquidated by short orders. According to the currency, the BTC liquidation was about 29.2782 million US dollars, accounting for the largest proportion, the ETH liquidation was about 13.6547 million US dollars, the ORDI liquidation was about 8.1314 million US dollars, the SOL liquidation was about 5.1901 million US dollars, and the USTC liquidation was about 4.2576 million US dollars.

🔝Gate.io 24H 交易量最大前5币种 1.$BTC$ ：121.3M 2.$ETH$ ：75.57M 3.$ID$ ：10.33M 4.$SOL$ ：9.66M 5.$USTC$ ：6.24M 更多：https://www.gate.io/trade

🌟 Gate.io 24H Top 5 Volume Coins [November 30]🌟 $BTC$: 121.3M $ETH$: 75.57M $ID$: 10.33M $SOL$: 9.66M $USTC$: 6.24M 💎Find More: https://www.gate.io/trade

🔥Hot Searches [November 30] 🥇$CAGA$ 🥈$USTC$ 🥉$IOTA$ 💎 Explore More: http://www.gate.io/trade

🔥Gate.io Today's hot search list (11.30) 1. CAGA 2. USTC 3. IOTA More: https://www.gate.io/trade

🔥 Gate.io Trending Coins [November 28] 🔥 $BTC$ $BTS$ $ATLAS$ $ETH$ $SYS$ $USTC$ $LUNC$ $CLORE$ More: https://www.gate.io/bigdata#/home/estimate

🔝Gate.io Top 5 currencies with the largest trading volume in 24H 1.$BTC$ ：166.69M 2.$ETH$ ：107.91M 3.$LUNA$ ：20.45M 4.$USTC$ ：17.73M 5.$VGX$ ：10.19M More: https://www.gate.io/trade

🌟 Gate.io 24H Top 5 Volume Coins 🌟 $BTC$: 166.69M $ETH$: 107.91M $LUNA$: 20.45M $USTC$: 17.73M $VGX$: 10.19M 💎Find More: https://www.gate.io/trade

📋 Today's Highlights 11/28/2023 1. According to CoinShares weekly report, the net inflow of funds into digital asset investment products was $346 million last week, which has been a net inflow for 9 consecutive weeks. 2. CME Fed Watch data, the probability that the Fed will keep interest rates unchanged in the range of 5.25%-5.50% in December is 96.8%. 3. Whale Alert monitors that stablecoin issuer Tether issued an additional 1 billion USDT on Ethereum. 4. The Fed is expected to cut interest rates by more than 100 basis points in 2024, according to a research report by Deutsche Bank. 5. USTC rose by more than 210% on Gate.io 7th, with a total trading volume of more than $1.5 billion in 24 hours.

🔥 Gate.io Trending Coins [November 27] 🔥 $USTC$ $BTC$ $LUNC$ $WAGMIGAMES$ $CLORE$ $GROK$ $LUNA$ $USDC$ More: https://www.gate.io/bigdata#/home/estimate

🔥Hot Searches [November 27] 🥇$USTC$ 🥈$LUNC$ 🥉$LUNA$ 💎 Explore More: https://www.gate.io/trade

According to Trader QT, a user of the X platform, in an initial strategic investment, Luna Classic Labs purchased about 25.6 million USTC (TerraClassicUSD) for $500,000 in accordance with its treasury reserve policy, with an average price of about $0.021 per USTC, according to Trader QT, a user of the X platform.

Gate.io Today's hot search list (11.27) 1. $USTC$ 2. $LUNC$ 3. $LUNA$ More: https://www.gate.io/trade

According to news from the webmaster's home on November 20, the team of the Fengshen List of the University of Science and Technology of China and the IDEA Research Institute collaborated to develop a large language model (LLM) in the Chinese medical field called ChiMed-GPT. The model is built on the Ziya2-13B model of the Fengshenbang team, has 13 billion parameters, and meets the needs of medical text processing through a full range of pre-training, supervised fine-tuning, and reinforcement learning with human feedback.

Golden Finance reported that Pan Jianwei, academician of the University of Science and Technology of China, and other researchers for the first time realized a set of device-independent quantum random number generator as the source of entropy, and then quantum cryptography as the identity authentication of the random number beacon public service, which was applied to the field of zero-knowledge proof, eliminating the security risks caused by the difficulty of realizing true random numbers in non-interactive zero-knowledge proofs, and improving the security of non-interactive zero-knowledge proofs. Non-interactive zero-knowledge proofs are widely used in digital signatures, blockchains, and identity authentication, but deterministic pseudo-random number algorithms are often used instead due to the difficulty of true random number generators. It is understood that this research work for the first time combines three different fields of quantum non-locality, quantum security algorithm and zero-knowledge proof, which greatly improves the security of zero-knowledge proof, and the construction of public-facing random number service has important application potential in the fields of cryptography, lottery industry and social welfare.

Jinse Finance reported that the parent company of cryptocurrency custodian Prime Trust is currently participating in Chapter 11 bankruptcy proceedings in the United States. The company reported that it lost about $8 million in funds invested through TerraUSD. In an Aug. 24 filing with U.S. Bankruptcy Court in Delaware, Prime Core Technologies reported that it lost $6 million in client funds and $2 million in TerraUSD (USTC) investments under previous administration. Financial funding, presumably when the TerraUSD algorithmic stablecoin crashes in May 2022. The investment, along with increased spending in October and November 2022, is one of the reasons it is headed toward bankruptcy, the company said. A June filing revealed that Prime Trust owed its clients more than $85 million in fiat and $69.5 million in cryptocurrency. According to reports, the company only holds around $2.9 million in fiat currency and $68.6 million in cryptocurrency.

Jinse Finance reported that the “directly destroy 800 million USTC” proposal 11710 submitted by Vegas was officially approved by the Terra Luna Classic community. According to the proposal, the signatories of the Ozone reserve wallet should initiate the burning process of 800 million USTC. This can be done by transferring funds directly to the Terra Luna Classic burn address. Proposition 11710 received nearly 85 percent of the vote in favor, with 8 percent abstaining and 7 percent against. Among the 40 validators participating in the proposal, 35 validators including Allnodes, Interstellar Lounge, HappyCattyCrypto, StakeBinfavor, and 1maxfee agreed to burn 800 million USTC.