{"id":48748,"date":"2023-11-18T22:11:37","date_gmt":"2023-11-18T22:11:37","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/crypto\/sino-us-bitcoin-asic-war-may-be-starting-neon-evm-testing-alternative-gas-payments\/"},"modified":"2023-11-18T22:11:40","modified_gmt":"2023-11-18T22:11:40","slug":"sino-us-bitcoin-asic-war-may-be-starting-neon-evm-testing-alternative-gas-payments","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=48748","title":{"rendered":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments"},"content":{"rendered":"<div>\n<figure id=\"attachment_132867\" aria-describedby=\"caption-attachment-132867\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-132867\" class=\"wp-caption-text\">Source: AdobeStock \/ William W. Potter<\/figcaption><\/figure>\n<p><em>Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s news.<\/em><br \/>__________<\/p>\n<ul>\n<li>We may be witnessing the start of a Sino-US bitcoin silicon war,\u00a0according\u00a0to the latest Miner Weekly report by\u00a0<strong>BlocksBridge Consulting<\/strong>, discussing miner manufacturers. US startup <strong>Auradine<\/strong> announced its bitcoin ASIC design in July, touting its 4nm technology, launching two miner systems this week that are said to achieve 15 J\/TH in efficiency. \u201cSuch an efficiency level, if true, will be competitive enough to rival either <strong>Bitmain<\/strong> or <strong>MicroBT<\/strong> \u2013 the current market leaders,\u201d the report said. Auradine said its goal is to offer North American mining operations an alternative to \u201cforeign ASICs,\u201d meaning Chinese manufacturers. It seems that the company postponed the initial timeline, saying this week that the shipment will start in Q2 2024, with production volumes picking up in Q3.<\/li>\n<\/ul>\n<ul>\n<li><strong>Neon EVM<\/strong>, an Ethereum Virtual Machine on <strong>Solana<\/strong>, announced its Testnet support for several tokens as payment for gas fees. The press release said that this feature is set to go live on Devnet in the following weeks and on Mainnet in Q1 2024. Ahead of most protocols implementing <strong>Ethereum<\/strong>\u2018s account abstraction feature, it added, Neon EVM is unveiling alternative gas payments. When users transact with Solana-standard SPL tokens such as SOL, USDC, and USDT, they will have the option to pay the gas fee in the transaction token rather than NEON. Going forward, <strong>Neon DAO<\/strong> will determine whether Neon EVM will add support for additional tokens. The upgrade to Neon EVM also enables dapps to pay the transaction fee and gain a competitive edge.<\/li>\n<\/ul>\n<ul>\n<li><strong>Dacoco<\/strong>, the publisher of the popular metaverse game <em>Alien Worlds<\/em>, announced a collaboration with Science Fiction author Kevin J. Anderson (<em>Star Wars<\/em>, <em>Dune<\/em>, <em>Saga of the Seven Suns<\/em>). According to the press release, the two have introduced AI-Driven Tokenized Story-Telling, also known as the \u201cLarge Lore Model,\u201d a concept that \u201cmerges the power of AI with the vibrant creativity of the global community, all governed through decentralized on-chain mechanisms.\u201d With over 9 billion plays in <em>Alien Worlds<\/em>, this feature will be the largest AI system governed by DAOs at scale, they said.<\/li>\n<\/ul>\n<ul>\n<li>\u201cThe smoke signals are out for the very likely and a near imminent approval of Bitcoin Spot ETFs\u201c, said <strong>Fineqia<\/strong> CEO Bundeep Singh Rangar. \u201cThe market\u2019s simply responding to this positive signalling.\u201d <strong>Fineqia International<\/strong>, a digital asset and fintech investment business, announced that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed a 91% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period, outpacing the growth of underlying digital assets by 30%. The underlying assets had comparatively slower growth of 70% during January-October. The differential is attributed to bitcoin\u2019s (BTC) larger proportion within digital asset ETPs compared with its share in the overall market: it makes up about three quarters of the ETPs AUM while it\u2019s only half of the digital asset market. BTC more than doubled in value this year, which had a magnified effect on ETP\u2019s AUM. October\u2019s $38 billion AUM figure marked the peak value recorded this year, a monthly increase of 25% from $30.5 billion, and the highest figure since May 2022. In October, crypto assets\u2019 market value rose 17% to $1.35 trillion, representing the highest market cap since June 2022.<\/li>\n<li><strong>Union Labs<\/strong>, the team creating a zero-knowledge interoperability layer, has raised $4 million in seed funding to build the first fully trustless bridge that connects appchains, layer 1, and layer 2 networks. \u00a0The round was led by <strong>Galileo<\/strong>, <strong>Semantic Ventures<\/strong>, <strong>Tioga Capital<\/strong>, and <strong>NascentI<\/strong>, while other investors include <strong>Lightshift<\/strong> and <strong>Chorus One<\/strong>. Per the press release, the capital will also be used for the expansion of Union\u2019s team, comprised of leaders from <strong>Composable Finance<\/strong>, <strong>Consensys<\/strong>, <strong>Tokensoft<\/strong>, and <strong>Polygon<\/strong>, in anticipation of its upcoming mainnet launch. Furthermore, it will support Union\u2019s goal to provide a user-friendly experience through its high-level API, ensuring developers from various ecosystems can easily integrate and utilize its technology.<\/li>\n<\/ul>\n<ul>\n<li>Metaverse platform <strong>Utherverse<\/strong> is collaborating with <strong>Legacy Inspired Films<\/strong> (LIF), a producer and distributor of Web3 entertainment content. According to the press release, Utherverse will make its movie theater, comedy club, live concert stage, and nightclubs available to LIF to showcase content and performers to live audiences. Utherverse will also provide access to its virtual convention center for LIF to host audience discussions, panels, and meet-and-greets with filmmakers, comedians, musicians, and other performers. Additionally, the two companies will work together on booking and ticketing systems, they said.<\/li>\n<\/ul>\n<ul>\n<li><strong>CoinEx<\/strong> launched the CoinEx Creator Program, backed by a multi-million-dollar commitment. Per the press release, the program s\u0435\u0435ks to provide both financial and publicity support to cr\u0435ators passionat\u0435 about W\u0435b3 and blockchain technology. \u201cCoinEx \u0435nvisions th\u0435s\u0435 cr\u0435ators \u0435volving into global ambassadors, driving innovation and shaping the platform\u2019s futur\u0435,\u201d the exchange said.<\/li>\n<\/ul>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/today-in-crypto-sino-us-bitcoin-asic-war-may-be-starting-neon-evm-testing-alternative-gas-payments.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s news.__________ We may be witnessing the start of a Sino-US bitcoin silicon war,\u00a0according\u00a0to the latest Miner Weekly report by\u00a0BlocksBridge Consulting, discussing miner manufacturers. US startup Auradine announced its bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[35],"tags":[],"class_list":{"0":"post-48748","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=48748\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=48748\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-18T22:11:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-18T22:11:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/11\/1700225755-adobestock-william-w-potter-1-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1709\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=48748#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=48748\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments\",\"datePublished\":\"2023-11-18T22:11:37+00:00\",\"dateModified\":\"2023-11-18T22:11:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=48748\"},\"wordCount\":838,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=48748#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=48748\",\"url\":\"https:\/\/prosfunds.com\/?p=48748\",\"name\":\"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-11-18T22:11:37+00:00\",\"dateModified\":\"2023-11-18T22:11:40+00:00\",\"description\":\"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=48748#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=48748\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=48748#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds","description":"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=48748","og_locale":"en_US","og_type":"article","og_title":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds","og_description":"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under","og_url":"https:\/\/prosfunds.com\/?p=48748","og_site_name":"Prosfunds","article_published_time":"2023-11-18T22:11:37+00:00","article_modified_time":"2023-11-18T22:11:40+00:00","og_image":[{"width":2560,"height":1709,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/11\/1700225755-adobestock-william-w-potter-1-scaled.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=48748#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=48748"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments","datePublished":"2023-11-18T22:11:37+00:00","dateModified":"2023-11-18T22:11:40+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=48748"},"wordCount":838,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=48748#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=48748","url":"https:\/\/prosfunds.com\/?p=48748","name":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-11-18T22:11:37+00:00","dateModified":"2023-11-18T22:11:40+00:00","description":"Source: AdobeStock \/ William W. Potter Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=48748#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=48748"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=48748#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Sino-US Bitcoin ASIC War May Be Starting, Neon EVM Testing Alternative Gas Payments"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/48748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48748"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/48748\/revisions"}],"predecessor-version":[{"id":48750,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/48748\/revisions\/48750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/48749"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}