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Theta Network Launches EdgeCloud, the First Hybrid Cloud-Edge Computing Platform for AI, Video and Rendering
May 02, 2024
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Theta Network, the leading blockchain decentralized cloud for AI, media and entertainment, is excited to announce the launch of Theta EdgeCloud, the first hybrid computing platform for AI, video and rendering applications.

Theta's new hybrid cloud-edge computing platform arrives at a critical point, driven by three major industry trends: the widespread adoption of AI across various sectors, forecasted to grow tenfold by 2030; the exponential rise in global video and 3D rendering demand, notably for high-resolution content; and the increasing necessity for modular infrastructure compute services to manage the surge in computation data.

Theta EdgeCloud harnesses the untapped potential of thousands of distributed CPU and GPU nodes worldwide, alongside a sophisticated cloud-based architecture. By optimizing the price-to-performance ratio across these nodes, Theta aims to democratize access to high-performance computing resources, fostering innovation and efficiency across multiple industries and creative endeavors.

EdgeCloud is one of the largest hybrid edge-cloud compute networks in the world, bridging high-performance cloud-based Nvidia A100, V100 and T4 GPUs from partners like Google Cloud and Theta’s decentralized network of 10,000+ global edge nodes. Theta’s Edge Network comprises one of the largest clusters of distributed GPU computing power in the world today. High-performance GPUs, including Nvidia 3090s to 4090s (~1000 nodes), deliver 36,392 TFLOPS; medium-tier GPUs (~2000 nodes) deliver 28,145 TFLOPS; and low-end GPUs (~7000 nodes) deliver an additional 13,002 TFLOPS. This amounts to a total of approximately 77,538 TFLOPS or about 80 PetaFLOPS today, roughly equivalent to 250 NVIDIA A100s, always available.

“The overall market for computing services is expected to grow significantly over the next decade, driven by AI applications across a number of industries. Enterprise spending on cloud infrastructure services reached nearly $74 billion in 2023, with generative AI clearly being one of the main drivers. We’re excited to launch the first hybrid cloud-edge AI computing platform that’s powered by one of the largest distributed GPU networks and the leading Web3 community for AI, media, and entertainment,” said Mitch Liu, co-founder and CEO of Theta Network.

The First Hybrid Edge Cloud AI Network at Global Scale

EdgeCloud delivers a global-scale edge network and a cloud-based GPU infrastructure necessary for running today’s largest AI models. While chatbots like ChatGPT and other large language models are compute-intensive, new generative AI models such as text-to-video, text-to-3D, and sketch-to-3D require 10-100x the amount of computational power. The combined GPU compute power of EdgeCloud is sufficient to run more than 300-1000+ AI models concurrently, arguably holding the keys to the world’s most valuable and disruptive asset: global GPU compute.

At launch, AI developers can select and deploy popular generative AI and large language models like Stable Diffusion, Llama 2, Mistral, and many other open-source AI models straight out of the box, as well as deploy their own custom models. EdgeCloud provides these users immediate access to key GPU resources including NVIDIA A100s, V100s, T4s, and other GPUs, complete with accompanying dashboards and metrics for their various business use cases. EdgeCloud will launch with about a dozen open-source AI models, representing the most popular in the industry with millions of downloads:

  • LLMs: Mistral-8x7B, Mistral-7B, Google Gemma-7B, Meta Llama-2—7B
  • Image generation: Stable Diffusion XL (SDXL) Turbo, ControlNet
  • Text-to-video: Stable Video Diffusion
  • Speech recognition: OpenAI Whisper
  • Code generation: CodeLlama

Later this year, Theta will launch its hybrid cloud decentralized GPU marketplace, fully integrated into the EdgeCloud platform. This integration will provide AI developers and enterprises alike with a simple point-and-click capability to train, fine-tune, and deploy both open-source and custom models across cloud partners, decentralized GPU edge nodes, and other data center partners.

Generative AI Showcase and Jupyter Notebook support

EdgeCloud also launches with a generative AI showcase that enables free interaction with several GenAI models for end users and community members. This provides a great trial experience and an opportunity to see how novel AI applications can be built on the platform.

EdgeCloud offers out-of-the-box support for Jupyter Notebook, a web-based interactive computing/coding tool indispensable for AI model development. Customers and partners can start utilizing the platform immediately with full Stripe payment integration, and TFUEL payment support will be added soon after.

About Theta Labs

Theta Labs pioneered Theta Network, the leading blockchain decentralized cloud for AI, media and entertainment. Theta EdgeCloud is the first hybrid cloud-edge computing AI platform, powered by the Theta Edge Network with over 10,000 active global edge nodes and 80 PetaFLOPS of always available distributed GPU compute power. Theta is among the top 10 DePIN blockchains by market capitalization listed on both Coinmarketcap and Coingecko, and among the top AI tokens on Binance.comTheta Video API is a turn-key Web3 video API for developers offering significantly lower video transcoding and content delivery costs. Theta’s Web3 infrastructure including ThetaDrop NFT marketplace and Theta Web3 Theatre enable entertainment companies to drive new revenues and community engagement.

Backed by Google, Samsung, Sony, Creative Artists Agency, and Binance, Theta’s enterprise validator and governance council is composed of global market leaders. Theta has partnered with leading entertainment brands including Lionsgate, MGM, Katy Perry,  American Idol, The Price is Right, Taste of Home, and more. Popular platforms utilizing Theta’s Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and other OTT streaming services. Theta’s strategic corporate investors include Samsung NEXTSony Innovation FundBertelsmann Digital Media Investments and CAA.

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Brad Garlinghouse In Washington 🚀

It’s time for a fair and open level playing field.

Under Gary Gensler it was quite the opposite.

  • Brad Garlinghouse
    July 9, 2025
00:01:56
More Of The Same...l

🚨 JUST IN: Patriot Tom Fitton, who has been fighting DOJ and FBI to release documents for years, has practically thrown in the towel.

👉 "The justice department and the FBI are irredeemably compromised and corrupted.
The leadership needs to understand that and act accordingly." ~Tom Fitton

00:01:30
Christine Lagarde just gave Ripple & Circle A Shoutout!
00:00:44
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

same for: https://coinmarketcap.com/community/articles/686e68f5d405956445e039ff/

🚨 Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid Major Surge 🚨

Ripple has selected BNY Mellon, one of the world’s largest and most trusted financial institutions, to serve as the primary custodian for its RLUSD stablecoin. This decision comes as RLUSD experiences a surge in demand, highlighting growing institutional interest in Ripple’s stablecoin offering.

🔹 Institutional Partnership

🔹 BNY Mellon will safeguard the reserves backing RLUSD, ensuring transparency, security, and regulatory compliance for the stablecoin.

🔹 This partnership is designed to build trust with both institutional and retail users by leveraging BNY Mellon’s expertise in asset custody.

🔹 RLUSD’s Rapid Growth

🔹 RLUSD has seen a significant increase in adoption, reflecting confidence in Ripple’s approach to stablecoins and its commitment to compliance and transparency.

🔹 The collaboration with BNY ...

From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets

COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION, HYBRID FORMAT to conduct a hearing entitled, “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets.” The witnesses will be: The Honorable Summer Mersinger, CEO, Blockchain Association; Mr. Jonathan Levin, CEO, Chainalysis; Mr. Dan Robinson, General Partner, Paradigm; Mr. Brad Garlinghouse, CEO, Ripple; The Honorable Timothy Massad, Research Fellow and Director of Digital Assets Policy Project of the Mossavar-Rahmani Center for Business and Government, Kennedy School of Government at Harvard University, former CFTC Chairman; and Mr. Richard Painter, S. Walter Richey Professor of Corporate Law, University of Minnesota Law School, former Associate Counsel to the President and chief White House ethics lawyer.

https://www.banking.senate.gov/hearings/from-wall-street-to-web3-building-tomorrows-digital-asset-markets

‼️XRP ETF INFOGRAPHIC REVEALS AMERICAN EXPRESS UTILIZES XRP‼️

“A well-known company that uses XRP is American Express, which leverages RippleNet to enable realtime cross-border payments for corporate clients.

Through its partnership with Ripple, American Express uses XRP indirectlyvia Ripple's infrastructure to facilitate faster and more transparent transactions between the U.S. and international markets, helping businesses move money efficiently and reduce settlement times from days to seconds.”✅

OP: Smqkedqg

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Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

This move comes on the heels of Israeli strikes targeting Iran’s nuclear facilities, as the Islamic Republic cuts off online access.

The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

This action followed a series of Israeli attacks on Iranian targets.

Starlink, a SpaceX-developed satellite constellation, provides high-speed internet to regions with limited connectivity, such as remote areas or conflict zones.

Elizabeth MacDonald, a Fox News contributor, highlighted its impact, noting, "Elon Musk turning on Starlink for Iran in 2022 was a game changer. Starlink connects directly to SpaceX satellites, bypassing Iran’s ground infrastructure. That means even during government-imposed shutdowns or censorship, users can still get online, and reportedly more than 100,000 inside Iran are doing that."

During the 2022 "Woman, Life, Freedom" protests, Starlink enabled Iranians to communicate and share footage globally despite network blackouts," she added.

MacDonald also mentioned ongoing tests of "direct-to-cell" capabilities, which could allow smartphone connections without a dish, potentially expanding access and supporting free expression and protest coordination.

Musk confirmed the activation, noting on Saturday, "The beams are on."

This follows the regime’s internet shutdowns, which were triggered by Israeli military actions.

Adding to the tension, Israeli Prime Minister Benjamin Netanyahu addressed the Iranian people on Friday, urging resistance against the regime.

"Israel's fight is not against the Iranian people. Our fight is against the murderous Islamic regime that oppresses and impoverishes you,” he said.

Meanwhile, Reza Pahlavi, the exiled son of Iran’s last monarch, called on military and security forces to abandon the regime, accusing Supreme Leader Ayatollah Ali Khamenei in a Persian-language social media post of forcing Iranians into an unwanted war.

Starlink has been a beacon in other crises. Beyond Iran, Musk has leveraged Starlink to assist people during natural disasters and conflicts.

In the wake of hurricanes and earthquakes, Starlink has provided critical internet access to affected communities, enabling emergency communications and coordination.

Similarly, during the Ukraine-Russia conflict, Musk activated Starlink to support Ukrainian forces and civilians, ensuring they could maintain contact and access vital information under dire circumstances.

The genius entrepreneur, is throwing a lifeline to the oppressed in Iran, and the libs can’t stand it.

Conservative talk show host Mark Levin praised Musk’s action, reposting a message stating that Starlink would "reconnect the Iranian people with the internet and put the final nail in the coffin of the Iranian regime."

"God bless you, Elon. The Starlink beams are on in Iran!" Levin wrote.

Musk, who recently stepped down from leading the DOGE in the Trump administration, has apologized to President Trump for past criticisms, including his stance on the One Big Beautiful Bill.

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GENIUS Act lets State banks conduct some business nationwide. Regulators object

The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

However, the House STABLE Act takes a more permissive approach, allowing regulators to decide which non-stablecoin activities are permitted. If the House version prevails in reconciliation, it could result in a significant expansion of allowed nationwide banking activities beyond stablecoins.

Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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