The DePIN Explorer - DePIN Scan

Helium (HNT) has recently shown signs of a potential bullish trend, despite experiencing a retracement of nearly 24% from its local high of $4.5. On April 12, HNT broke through a significant resistance level at $3.4, suggesting an end to the downtrend that had persisted since the end of January. This bullish structure indicates that Helium bulls are attempting to establish an upward trajectory, although the market remains sensitive to broader cryptocurrency movements, particularly those of Bitcoin (BTC). Currently, HNT is facing crucial support levels at $3 and $2.25, which could come into play due to two primary factors. First, the volatility surrounding Bitcoin poses a risk; if BTC falls below $83k, it could trigger widespread selling across the market, negatively impacting HNT. Secondly, the buying pressure for HNT has not been overwhelming, as indicated by the On-Balance Volume (OBV), which has struggled to surpass its February highs. A sustained uptrend in the OBV could signal a stronger rally for Helium in the near future. On the 4-hour chart, the Relative Strength Index (RSI) indicates a slowdown in momentum over the past week, with the price action revealing resistance at the bearish breaker block around $3.7. As of now, HNT is trading near the 50% retracement level, with the potential to bounce back above $3.7, contingent on increased buying pressure. However, if Bitcoin drops below $83k, the short-term outlook for Helium could turn bearish, prompting traders to consider selling opportunities targeting a retracement to the $2.75-$3 range.

Stanford Engineering Assistant Professor Ellen Vitercik's AI research lab is set to leverage Theta EdgeCloud's hybrid cloud infrastructure to enhance its research in discrete optimization and algorithmic reasoning. This collaboration will enable the lab to utilize EdgeCloud's decentralized GPU, which offers scalable and high-performance computing power at a competitive cost. The integration of this technology is expected to significantly accelerate the training of AI models and facilitate advanced research initiatives. Other prominent academic institutions, such as Seoul National University, KAIST, and the University of Oregon, are also utilizing EdgeCloud's infrastructure to boost their AI research productivity. Ellen Vitercik specializes in machine learning, algorithmic reasoning, and the intersection of computation and economics. Her research lab is focused on several key areas, including the application of large language models (LLMs) for optimization, algorithmic content selection, and the generalization of clustering algorithms across various dataset sizes. By employing Theta EdgeCloud's resources, the lab aims to explore how AI can enhance decision-making processes in economic contexts, such as pricing strategies and targeted marketing. Theta EdgeCloud's hybrid GPU infrastructure is designed to provide on-demand computing power that is both scalable and cost-effective, making it an ideal solution for academic research. The collaboration with Vitercik's lab exemplifies the growing trend of integrating advanced cloud computing technologies into academic research, particularly in the field of AI. This partnership not only promises to advance Vitercik's research objectives but also contributes to the broader landscape of AI research across multiple institutions worldwide.

DIMO has recently announced an exciting update to its Developer Console, marking a significant evolution since its initial launch on August 8, 2024. This update, known as DIMO Build, not only refreshes the branding with a new visual identity but also enhances the user experience by providing greater freedom and flexibility for developers. The Console now features a user-centric design that aligns with future expansion projects, including webhooks and low-code tools, ensuring that developers can build with less distraction and more focus on their projects. One of the standout features of the new Console is the integration of social logins, which streamlines operations by consolidating login processes directly with DIMO Auth Servers. This update includes the addition of Apple logins, catering to users of the DIMO Mobile app. Furthermore, the login flow has been re-engineered to allow users to opt for email OTP login if they encounter compatibility issues with passkeys. This flexibility is aimed at reducing friction in the user experience, allowing developers to spend less time on signing transactions and more on building. In addition to these enhancements, DIMO has embraced decentralization by integrating developer license information directly into the Identity API, mapping it to on-chain data. This shift eliminates reliance on off-chain databases, promoting transparency and reducing discrepancies. The updated Console also introduces a comprehensive vehicle list feature, providing insights into license details, including on-chain vehicle IDs. To support developers further, DIMO has established a dedicated support pipeline, ensuring that developers can easily connect with the engineering team behind the Console. Overall, these updates signify DIMO's commitment to fostering a more open and efficient development environment in the decentralized space.

As the Decentralized Physical Infrastructure Networks (DePIN) sector gains traction in the cryptocurrency landscape, a critical question arises regarding its position within the U.S. regulatory framework. Current congressional legislation primarily addresses digital assets in a broad sense, encompassing stablecoins, tokens, and market infrastructure. However, the implications for DePIN are profound, as these policies will influence how DePIN projects secure funding, incentivize contributors, and deliver real-world services. Notably, legislation such as the STABLE Act and the GENIUS Act could significantly impact the stablecoin ecosystem that many DePIN projects rely on, potentially steering them towards more centralized options. The FIT21 Act, which classifies tokens based on their decentralization and utility, is particularly relevant for DePIN. Tokens like $IOTX (IoTeX) serve as crucial infrastructure enablers, rewarding users and validating data. If classified as securities, these tokens could face stringent regulations that limit their exchange listings and user access. Additionally, the Digital Asset Market Structure Act introduces compliance requirements that may burden DePIN projects, especially those interacting with real-world payments. These developments highlight the urgent need for clarity in the regulatory landscape to foster innovation within the DePIN sector. Advocacy efforts led by IoTeX and the Blockchain Association are pivotal in ensuring DePIN's recognition as legitimate infrastructure rather than mere financial speculation. Their recent engagement with congressional offices aims to educate lawmakers on the real-world applications of DePIN, emphasizing the need for supportive regulations. As the U.S. navigates this evolving landscape, it faces a choice: to lead in infrastructure innovation or risk losing it to other nations. With continued advocacy, DePIN can secure its place as a vital component of the national infrastructure narrative, paving the way for a decentralized future that benefits society as a whole.