
A momentous occasion occurred on January 22, when ex-President Donald Trump took to the podium to introduce the “Stargate” AI project. This enormous, half-trillion-dollar project, set up to ensure that the U.S. remains on top of the artificial intelligence food chain, is a partnership of OpenAI, SoftBank, Oracle, and other leading firms in technology. Their goal is to set up a brand-new, cutting-edge AI infrastructure that, as benefits under a national security program, promises the creation of 100,000 new jobs. Not only has the tech industry been excited by the announcement, but the cryptocurrency market is seeing an unexpected surge. In the hours following the announcement, the memecoin $STARGATE emerged, shot to a market cap of $12 million, and achieved an astounding $138 million in trading volume. Stargate: Transforming AI Infrastructure and National Security The Stargate initiative, driven by SoftBank and OpenAI, represents a monumental step in the U.S. technological evolution. The four-year project plans to invest $500 billion in the U.S. AI infrastructure, with $100 billion set to roll out almost immediately. The effort, described by some as a “moonshot” for reindustrialization, aims not just to grow the economy but also to shore up national security against an increasingly competitive global landscape. Announcing The Stargate Project The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure… — OpenAI (@OpenAI) January 21, 2025 The statement said that the project is not just about the technological advancement of the Stargate project. It is also about creating a tremendous number of economic opportunities and about generating widespread economic benefits. They expect the Stargate project to generate “hundreds of thousands of jobs across the country”—not just the few that are sometimes created when something new and high-tech comes along. Prominent figures in the tech and investment world will head up the initiative. SoftBank, a global leader in technology investments, will manage the project’s financial aspects. OpenAI will oversee its operational execution. The head of SoftBank, visionary leader Masayoshi Son, has been named chairman of the Stargate project, which furthers emphasizes the significance of this collaboration. Key Players and Partnerships The achievements of Stargate will depend on the work of its leading technology partners—Arm, Microsoft, NVIDIA, Oracle, and OpenAI. Currently, the initiatory phases of the project are unfolding in Texas, with anticipation of broadening into other states within the U.S., as additional accords are secured. Stargate’s execution is primarily the collaboration of three companies: Oracle, NVIDIA, and OpenAI. Together, these companies will design and execute the advanced computing systems that are needed to power the initiative. This partnership builds on the long-standing relationship between OpenAI and NVIDIA, going back to 2016, and a more recent collaboration of OpenAI and Oracle. The project is also crucially supported by Microsoft. OpenAI will keep using Microsoft Azure as its main cloud computing platform. OpenAI will take advantage of the extra computational power from Stargate to train its new models and bring to market its latest products and services. These associations aim to hasten the movement toward artificial general intelligence (AGI) and to utilize AI in ways that enhance human life. “AGI is the kind of intelligence that can do anything that a human can do,” said Sam Altman, OpenAI’s CEO. He further defined AGI as not just “kinda doing it” or “doing it some of the time.” OpenAI believes that AGI will be achieved and that its partnership with Microsoft will help improve the chances of the AI being beneficial and widely avoidable. The $STARGATE Memecoin Craze Although the Stargate AI initiative has taken technologists and policymakers by storm, it has also given birth to an unanticipated development: a hot new investment opportunity in the world of cryptocurrencies. Shortly after the initiative’s announcement, a memecoin called $STARGATE was launched in the cryptocurrency marketplace. And to say it has been well received is an understatement. The market cap of the memecoin jumped to $12 million in a few hours, with a trading volume of more than $138 million. This rapid growth shows how the crypto community takes the events of the day and leverages them to create speculative tokens with almost no real connection to the initiatives they claim to reference. $STARGATE’s ascent has been meteoric, but it is yet unknown whether it has the prospects to hang around for a while. Memecoins are notoriously volatile and depend more on market sentiment than on any underlying value. Still, the token’s newfound popularity speaks to just how jazzed people are about the Stargate project and the potential dent it—or any AI project—could make in the overall crypto landscape. A Vision for the Future The Stargate initiative is a significant step for the United States in reclaiming its global leadership in technology and innovation. The project’s substantial investments in AI infrastructure and partnerships with top-tier tech firms are designed to produce three key outcomes: robust economic growth, markedly improved national security, and, just as important, an assurance that the economic and technological juggernaut that is artificial intelligence brings benefits to all humankind. The unexpected rise of the $STARGATE memecoin serves as a reminder of just how unpredictable the effects of technological advancement can be. When the Stargate project was first announced, nobody could have guessed that its eventual rollout would also give birth to a memecoin. In the age of Web3, we must be careful not to take such developments for granted. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: maximusnd/ 123RF // Image Effects by Colorcinch
NullTx
You can visit the page to read the article.
Source: NullTx
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Ostium Launches Competitive Points Program for Trading Activity and Liquidity Provision

GEORGE TOWN, Cayman Islands, April 2, 2025 /PRNewswire/ — Ostium , the pioneering leveraged trading platform for Real World Assets, today announced the launch of its Ostium Points Program, a competitive system tracking user activity and engagement across the platform designed to help incentivize trading, referrals, and liquidity provisioning across its ecosystem. Today the platform enables users to long or short stocks, commodities, indices and currencies. The program officially launches on Monday, March 31, 2025, with an initial points distribution of 10 million points allocated retroactively to early adopters who have been active on the platform prior to the program launch. Retroactive points emphasize recognizing users on Ostium’s public Mainnet and private Mainnet, testnet, and pre-testnet phases. Visit ostium.app/points to check your points allocation. 500,000 points will be distributed weekly based on user activity. Weekly points distribution may increase and available points will be communicated at the start of each week. The program is designed to recognize early adopters while creating an engaging competitive environment for all participants. By acknowledging users who contribute to the ecosystem through their trading activity, referrals, and liquidity provision, Ostium aims to further strengthen its community of traders and liquidity providers. The Ostium Points Program features the following components: Real-time score tracking: Scores update immediately when users trade or provide liquidity. These scores are converted into points at the end of every week. Weekly conversions to points: Every Sunday at midnight UTC, accumulated scores convert to points based on relative participation levels. Score tracking then resets for the new week. Dual scoring system: The program tracks two types of scores: Trading/Referral scores and Liquidity Provision scores. While there are two score categories, they combine into a single points total. Competitive leaderboards : Users can monitor their real-time ranking against other participants in both score categories and in the global points leaderboard. Referral benefits: The program allocates 1 trading score for every 5 trading scores generated by referred users. Users who sign up with a referral code receive a 5% boost on all trading scores. Community contributions : A small portion of weekly points is optionally reserved for substantial open-source contributions to the protocol, such as critical bug reports and technical research. The Points Program represents the next phase in Ostium’s community development strategy, building on its mainnet launch that brought access to global macro markets for the first time onchain. The Ostium Points Program begins March 31, 2025, at 10:00 AM ET. Users can view their point allocations and track their scores on the platform’s interface. New points are allocated weekly on Sundays at midnight UTC. For more information about the Ostium Points Program, visit www.ostium.app/points. About Ostium Ostium is the leading leveraged trading platform for Real World Assets offering the first onchain long/short exposure to markets like the Nasdaq, Gold, and Oil. The platform enables users to trade stocks, commodities, indices and currencies. Ostium was founded by alumni from Harvard, Bridgewater, and BlackRock and is supported by top-tier investors such as General Catalyst, LocalGlobe, Susquehanna (SIG), GSR, and Alliance DAO. Note: The Ostium Points Program is designed for tracking engagement and participation. Points have no monetary value, cannot be transferred, sold, or exchanged for any consideration, and do not represent any ownership interest, investment opportunity, or any right to any future rewards. Ostium reserves the right to modify or terminate the program at any time. NullTx

Sony Singapore Now Lets Shoppers Pay in USDC Through Crypto.com
USDC payments are now live on Sony’s Singapore store, with the company hinting at the addition of other cryptos in the future. NullTx