# Paradigm Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Paradigm", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Analyzing Noise's New Beta Version: How to 'Trade Hype' On-Chain?

Noise, a "relevance prediction market," has launched its Beta version, allowing users to trade on the perceived importance of events and cultural trends. The platform generates a "Relevance Index" by algorithmically analyzing data from social platforms like X, Reddit, and YouTube, as well as prediction markets such as Polymarket. Users can speculate on whether the热度 of a topic will rise or fall, using up to 5x leverage. Transactions in Beta are conducted with credits purchased via fiat or crypto (USDC on Ethereum/Solana), though cash-out functionality is not yet available. Founded by a young team from USC and backed by Paradigm, Noise aims to move beyond traditional prediction markets by quantifying and trading cultural relevance rather than just event outcomes. Potential use cases include hedging marketing campaigns or investment strategies. The platform plans to launch on Base with real-money trading in the coming months.

marsbit04/13 07:01

Analyzing Noise's New Beta Version: How to 'Trade Hype' On-Chain?

marsbit04/13 07:01

Hot Interaction Collection | Cascade Private Beta is Live; KARPAK Mints SBT (April 10th)

**Hot Interaction Roundup: Cascade Private Beta Launches; KARPAK Mints SBTs (April 10)** **Cascade: 24/7 Stock and Crypto Perpetual Trading** Cascade is a crypto brokerage offering a trading app that operates 24/7, enabling users to trade cryptocurrencies, U.S. stocks, and private assets via perpetual contracts. Users can link their bank accounts and manage perpetual trading, portfolio-backed loans, and asset transfers within a single margin account. The platform has launched its private beta. Users can register via its official website using their X account and Google email, and join its Discord community. **KARPAK: Tokenizing Real-World Parking with DePIN** KARPAK is a DePIN project that converts real-world parking activities into on-chain, verifiable data assets. Parking data—such as duration, location, and cost—is collected, verified, and tokenized, allowing users to earn rewards, participate in governance, or receive revenue shares. The project has now launched its Soulbound Token (SBT). Users can mint the SBT by connecting a wallet (on BNB Chain), following KARPAK’s X account, and paying a small gas fee. **Pixie Chess: Web3 Chess with Crypto Incentives** Pixie Chess is a Web3 game combining classic chess, trading card mechanics, and crypto-economic incentives. It recently secured $5.2 million in seed funding led by Paradigm. Users can log in via wallet, create a profile, and choose gameplay modes, with video tutorials available to help them get started.

Odaily星球日报04/10 02:03

Hot Interaction Collection | Cascade Private Beta is Live; KARPAK Mints SBT (April 10th)

Odaily星球日报04/10 02:03

Paradigm Builds Its Own Prediction Market Trading Terminal, Also Considering Market Making and Index Products

Paradigm, a major crypto investment firm, is developing a dedicated trading terminal for prediction markets, targeting professional traders and market makers, according to anonymous sources. Led by partner Arjun Balaji since late 2025, the initiative aligns with growing institutional interest in prediction markets, where users speculate on events like elections or asset prices. The company is reportedly considering launching an internal market-making desk and exploring the creation of a prediction market index—similar to traditional indices like the S&P 500—by aggregating multiple prediction markets into a single tradable product. Paradigm has already begun compiling prediction market data into a public dashboard. Notably, Paradigm is a key investor in Kalshi, a leading prediction market platform it helped value at $22 billion, and insists the terminal does not compete with Kalshi’s core business. This move is part of Paradigm’s broader expansion beyond crypto into AI and robotics, evidenced by its ongoing efforts to raise a new $1.5 billion fund. The firm has a history of launching in-house projects, including the crypto software company Ithaca and Tempo, a stablecoin-focused blockchain developed with Stripe.

marsbit04/02 03:11

Paradigm Builds Its Own Prediction Market Trading Terminal, Also Considering Market Making and Index Products

marsbit04/02 03:11

Stratechery Overturns the AI Bubble Theory: What Should We Use AI For?

Stratechery's Ben Thompson revises his stance on the AI bubble debate, arguing that current AI investment reflects structural growth driven by fundamental technological shifts, not speculation. He identifies three key transitions in LLM development: ChatGPT’s debut (making AI broadly usable but unreliable), OpenAI’s o1 (introducing reasoning and reliability), and the recent emergence of true Agent systems (e.g., Anthropic’s Opus 4.5 and OpenAI’s GPT-5.2-Codex). The critical innovation is the "agent harness"—a control layer that autonomously schedules models, uses tools, and verifies outcomes, reducing human intervention. This transforms AI from an assistive tool into an actionable infrastructure, enabling complex task execution. Agentic systems drive surging demand for compute, as they require repeated model calls and higher usage frequency. Thompson emphasizes that AI demand now depends not on user numbers, but on per-user agent utilization. Enterprises are adopting AI not only for efficiency gains but for structural workforce reduction, as agents amplify the impact of key employees while lowering coordination costs. He concludes that massive capital expenditures are justified by real demand, and profits will flow to integrated model-harness providers rather than commoditized standalone models.

marsbit03/17 03:57

Stratechery Overturns the AI Bubble Theory: What Should We Use AI For?

marsbit03/17 03:57

Gold Trapped in the Desert, Borderless Bitcoin: The New Paradigm of Wealth in an Era of War

Title: Gold Trapped in the Desert, Borderless Bitcoin: A New Paradigm of Wealth in Times of War The recent escalation of geopolitical tensions in the Middle East, particularly involving the U.S., Israel, and Iran, has led to a severe disruption at Dubai International Airport—a critical global hub for trade and logistics. This crisis has exposed a significant vulnerability in the traditional financial system: the complete paralysis of physical gold transportation. Gold, often regarded as the ultimate safe-haven asset, relies on an intricate and high-security logistics network, including specialized transport, armed guards, and multi-million-dollar insurance policies. However, during times of war, this system collapses. Flights are grounded, airspace becomes unsafe, and gold suppliers are unable to move their inventories. As a result, gold traders in Dubai are forced to sell at discounts of up to $30 per ounce to avoid mounting storage costs, insurance premiums, and opportunity costs—highlighting the irony of a避险资产 becoming a financial burden. In contrast, Bitcoin demonstrates unparalleled resilience in such crises. While its price may experience volatility during geopolitical turmoil, its true value lies in its non-physical, censorship-resistant nature. Unlike gold, Bitcoin does not require physical transport, is not subject to confiscation at borders, and can be transferred across the globe instantly with just a 12- or 24-word seed phrase. This makes it an ideal store of value for individuals and businesses caught in conflict zones, where traditional financial systems and physical assets fail. The Dubai gold crisis underscores a broader shift in the paradigm of wealth preservation. Physical gold, despite its historical prestige, is constrained by its materiality and dependence on centralized infrastructure. Bitcoin, as a decentralized digital asset, offers a solution that transcends borders, governments, and physical limitations. In an era of increasing geopolitical instability, the ability to carry one’s wealth seamlessly and securely—without the constraints of weight, logistics, or censorship—positions Bitcoin as the modern embodiment of financial sovereignty.

marsbit03/13 08:11

Gold Trapped in the Desert, Borderless Bitcoin: The New Paradigm of Wealth in an Era of War

marsbit03/13 08:11

a16z Crypto Fund Shrinks by 55% but Still Raising Capital; As Paradigm Shifts to AI, Who Will Guard Web3?

a16z crypto, the blockchain-focused arm of Andreessen Horowitz, is raising its fifth fund targeting approximately $2 billion, according to Fortune. This is significantly less than its 2022 fund of $4.5 billion. Led by Chris Dixon, a16z crypto remains fully committed to blockchain investments, even as the market has cooled from recent highs and some major players are diversifying. In contrast, other prominent crypto VCs are shifting focus. Paradigm is reportedly raising a new fund that will include AI and robotics, and Multicoin Capital's co-founder has left to explore other tech sectors. Despite this industry divergence, a16z continues to invest based on Dixon's "read, write, own" philosophy, which posits blockchain as the foundation for a decentralized internet. While some of its high-profile bets, like the decentralized social media project Farcaster, have struggled, a16z maintains that the current "financial era" of crypto is a necessary foundational phase. The firm has recently invested in projects like Bitcoin staking protocol Babylon, prediction market tool Kairos, and Solana staking protocol Jito.

marsbit03/05 04:11

a16z Crypto Fund Shrinks by 55% but Still Raising Capital; As Paradigm Shifts to AI, Who Will Guard Web3?

marsbit03/05 04:11

Paradigm's New Arithmetic: When Crypto Can't Hold $12.7 Billion, AI Becomes the Answer

Paradigm, a major crypto-focused VC managing $12.7 billion in assets, is raising a new $1.5 billion fund to expand into AI, robotics, and frontier tech. This shift follows a contraction in its crypto-only strategy—its third fund was $850 million, down from $2.5 billion in 2021—reflecting a lack of sufficiently large and early-stage crypto opportunities. The 2022 FTX collapse, which cost Paradigm $278 million, prompted internal reevaluation. By 2023, the firm had quietly removing “crypto” and “Web3” from its website, signaling a broader investment focus. Co-founder Matt Huang later clarified that Paradigm remains excited about crypto but sees AI as too significant to ignore. Paradigm’s move isn’t a full pivot to AI; rather, it targets the intersection of AI and crypto. Investments like $50 million in AI infrastructure firm Nous Research and the development of Tempo—a stablecoin payment platform—highlight this strategy. The firm believes AI agents will require programmable money and on-chain execution, creating synergies between both fields. The new fund also serves a narrative purpose: offering LPs a compelling growth story amid crypto’s concentration of capital and AI’s dominance in venture funding (61% of global VC investments in 2025). Paradigm aims to leverage its crypto expertise to capture value at the convergence of AI and decentralized technologies.

marsbit02/28 04:16

Paradigm's New Arithmetic: When Crypto Can't Hold $12.7 Billion, AI Becomes the Answer

marsbit02/28 04:16

Ethereum Repricing: From Rollup-Centric to 'Security Settlement Layer'

Ethereum is undergoing a fundamental strategic shift, moving from a "Rollup-Centric" scaling model to establishing itself as a global "Security Settlement Layer." This pivot, signaled by Vitalik Buterin's reflections, acknowledges the slower-than-expected decentralization of Layer 2s (L2s) and the increasing throughput of the mainnet (L1). The core value proposition is no longer just scalability but also security, neutrality, and predictability. Key changes include: * **L1-First Paradigm:** The original assumption that L2s would be the primary scaling solution is fading as L1's capacity grows. * **L2s as a Trust Spectrum:** L2s are now viewed as a spectrum of networks with varying levels of trust and security, rather than uniform "branded shards" of Ethereum. * **Value Shift to "Settlement Sovereignty":** ETH's value is increasingly derived from its role as the foundational asset and secure settlement layer for the entire ecosystem, not just transaction fees. * **Protocol-Integrated Scaling:** Scaling efforts are focusing more on native, protocol-level solutions for verification and security, potentially reshaping the L1-L2 relationship. * **Valuation Model Restructuring:** The valuation framework for ETH is shifting from a cash-flow model (emphasizing fees) to an asset premium model (emphasizing security and institutional credibility). The article draws a historical analogy to the U.S. Constitution's creation, framing Ethereum's evolution as a move from a confederation of fragmented L2 "states" to a unified "digital nation" with L1 at its core, enforcing standards and capturing value through settlement. A new valuation model is proposed, weighting four key value quadrants: Security/Settlement Layer (45%), Monetary Properties (35%), Platform/Network Effects (10%), and Protocol Revenue (10%). This model dynamically adapts to macro conditions. The path to an "institutional second curve" is also explored, where ETH transitions from a speculative asset to a yield-generating, utility-based asset for traditional finance, further solidifying its long-term value foundation.

marsbit02/17 04:06

Ethereum Repricing: From Rollup-Centric to 'Security Settlement Layer'

marsbit02/17 04:06

MegaETH Loses Another Key Player! Noise Shifts to Base After Securing Funding from Paradigm

Noise, an early incubated project of MegaETH, has secured a $7.1 million seed round led by Paradigm, with participation from Figment Capital, Anagram, and others. The platform is a trend-trading marketplace where users can long or short contracts based on the popularity of trends, brands, and ideas, using aggregated social activity data from X (formerly Twitter) to create a transparent attention index. Despite being part of MegaETH’s accelerator program, Noise announced it will launch its mainnet on Base in the coming months, rather than remaining within the MegaETH ecosystem. This move has sparked controversy, with some viewing it as a betrayal, while others argue Base’s larger user base and liquidity may better support Noise’s growth. This is not the first time a key project has left MegaETH; earlier, DEX GTE also departed after raising significant funding, and stablecoin project Cap adopted a dual-chain strategy prioritizing Ethereum. These exits highlight ongoing challenges for MegaETH in retaining ecosystem projects, though they also underscore its ability to incubate high-potential startups.

marsbit01/15 12:08

MegaETH Loses Another Key Player! Noise Shifts to Base After Securing Funding from Paradigm

marsbit01/15 12:08

Dragonfly Managing Partner Haseeb Qureshi: My Top 3 Crypto Investors

Dragonfly managing partner Haseeb Qureshi shares his perspective on the top three cryptocurrency investors of all time, reflecting on their impact and legacy in the highly competitive crypto VC landscape. In third place is Dan Robinson of Paradigm, praised for his hands-on, foundational contributions to major crypto projects like Uniswap V3, Flashbots, and Optimism. Qureshi describes him as a polymath and value-creator on par with traditional VC legends. Second is Chris Dixon of a16z, recognized as a crypto pioneer who legitimized the industry and brought institutional capital and narrative clarity to the space. His early bets on Coinbase and Uniswap were both visionary and counter-consensus at the time. Topping the list is Kyle Samani of Multicoin Capital, whom Qureshi acknowledges as a truly contrarian investor. Despite often disagreeing with him, Qureshi credits Samani’s conviction in Solana—through its seed investment and through the FTX collapse—as the single best trade in crypto VC history, embodying the power law nature of venture returns. Qureshi concludes by honoring all three for their roles in shaping the industry and driving it forward through multiple cycles, acknowledging that though he competes with them, he has learned from each and respects their contributions deeply.

marsbit01/07 03:17

Dragonfly Managing Partner Haseeb Qureshi: My Top 3 Crypto Investors

marsbit01/07 03:17

活动图片

Indepth Research