Microsoft, Tencent and other technology giants cooperate with ConsenSys to strengthen the decentralization of Infura network
Odaily News reported on November 15 that Microsoft, Tencent and 16 other Web2 giants have cooperated with ConsenSys to jointly fulfill the task of decentralizing the Infura network. The collaboration aims to strengthen the decentralization of the Infura network, which is key to preventing disruptions exploited by its Web3 services, including wallet service MetaMask. Andrew Breslin, senior product manager at DIN, said in an interview that the importance of the partnership is less about who they are and more about the high-profile companies working with Infura who want to decentralize every part of the blockchain infrastructure stack. layer. DIN is scheduled to be launched in Q4 as a solution to Infrua’s centralization problem. The network is currently controlled by Consensys, which means there is still a single point of failure. Breslin said that one of the first major features provided by DIN is “failover support” for the Ethereum and Polygon networks. Failover support means that in the event of an outage, traffic can be rerouted to one or more DIN partners, guaranteeing higher uptime in the long term. (Cointelegraph)
Odaily: U.S. President Trump stated that we will make a decision on Iran very soon, the Houthis' actions are very bad, and he has already spoken with the Saudi Crown Prince. (Jinshi)
Odaily News: CME Group CEO Terrence Duffy stated that the U.S. Commodity Futures Trading Commission's (CFTC) attempt to expand its regulatory authority over prediction markets is "a bit of a stretch," and that the related regulatory dispute could ultimately reach the U.S. Supreme Court.Speaking at the DC Fintech Week event on Tuesday, Duffy said the battle over prediction market regulation could evolve into a legal showdown among state governments, tribal governments, and the federal government. "This is going to the Supreme Court, and I think the states and the tribes will prevail," he said. (The Block)
Odaily reports: Trader Killa says that for Bitcoin (BTC) to replicate its 2023 price action, it needs to form a higher low (HL) above $75,500 and ideally hold the low near $80,000.After Bitcoin recently reclaimed its short-term structure around the $82,000 zone, it pulled back to test and broke through again, with short-term price action showing strong characteristics of "bull traps and bear traps." When BTC previously fell from $84,100 to $81,000, the structure appeared weak, but a large number of shorts entering at the lows fueled the subsequent rebound.Killa noted that during the drop from $84,100 to $81,000, long liquidations totaled approximately $300 million, while during the earlier decline from $86,800 to $80,600, long liquidations exceeded $2 billion, indicating that the market's leverage structure is improving and the proportion of longs has declined compared to before. The market now needs to form a higher low and initiate the next leg up; otherwise, this correction could break below $80,000.
Odaily reports that according to MSX.COM data, US mega-cap cloud providers including Microsoft and Google rallied collectively. Google-A shares rose 1.07% to $356.510 per share, with a total market capitalization of $4.36 trillion.Microsoft shares rose 1.6% to $549.795 per share, hitting another record high, with a total market capitalization of $4.08 trillion. Amazon shares rose 0.93% to $261.950 per share, with a total market capitalization of $2.83 trillion.
According to MSX.COM data, Apple's stock price rose 1.74% in early trading to $346.892 per share, with a total market cap of $5.06 trillion, setting a new all-time high.
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