Odaily News Trader CryptoD posted on the X platform, stating that he recently suffered losses in the Bags project. Bags has issues such as over-reliance on news and the author's unstable personality. Most projects on this platform are teams well-known in Web2 but unable to secure funding. They consume attention by packaging narratives in Web3, and the growth potential for these projects is limited. This model essentially transfers risks to the market rather than standing with the community.

CryptoD believes that AI projects on pump are different; most start from a very small scale, with the project, narrative, and product being built and growing alongside the community. Projects that can grow together with the community are the model truly needed in the cryptocurrency field.

Odaily News: Perle Labs, an AI data infrastructure founded by former executives of the AI data labeling giant Scale AI, officially launched its Season 1 event today. The project aims to build sovereign nation & enterprise-grade AI data infrastructure and has secured $17.5 million in funding from institutions including Framework Ventures and CoinFund. During the previous Beta phase, it completed 1.7 million tasks in less than two months. Season 1 introduces high-value data types such as medical, legal, and robotics, and incorporates an on-chain reputation system and NFT qualification badges. Users can gradually unlock expert-level tasks by completing assignments.

Odaily News Hong Kong Financial Secretary Chan Mo-po revealed in his Secretary's Blog that the crucial digital infrastructure "Port Community" System (Port Community System), spearheaded by the Hong Kong government, has been officially launched. Over 2,300 companies are participating in its use. This system employs artificial intelligence and blockchain technology to provide round-the-clock, real-time cargo tracking and supports innovation in trade finance.

Odaily News The hash rate of the Bitcoin network has recently fallen to its lowest level in nearly four months. Data from Hashrate Index shows that Bitcoin's 7-day moving average hash rate has dropped to approximately 993 EH/s, marking the first time it has fallen below 1000 EH/s since mid-September last year. This represents a decline of nearly 15% from the recent peak of around 1157 EH/s on October 19.

Leon Lyu, founder and CEO of StandardHash, stated that the main reason for the decline in hash rate is that some miners are shifting their power resources towards AI computing services to pursue higher profit margins. Previously, mining media TheMinerMag pointed out that 2025 presents an extremely challenging profit environment for Bitcoin miners, prompting some mining companies to explore alternative businesses such as artificial intelligence and high-performance computing.

The report also mentioned that although Bitcoin mining difficulty has decreased and miner revenue indicators have improved in recent months, competition from AI for power and computing resources continues, putting pressure on the overall Bitcoin network hash rate. (Cointelegraph)

Odaily News The Hong Kong Securities and Futures Commission (SFC) has officially issued a warning, urging the public to be cautious of a suspicious investment product promoted by Jin Fenglai and Angel Guardian Alliance Technology Limited. This product, themed around AI and involving so-called high-frequency trading arrangements, claims to generate returns of approximately 3% to 8% per month for investors through "AI Quantum High-Frequency Trading." The SFC noted that it has received reports of investors encountering difficulties when attempting to withdraw their funds and called on the public to remain vigilant.