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Gold Will Likely Retest Historic Highs Soon

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Fed Weighs September Rate Cut as Inflation Cools and Unemployment Rises

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Robinhood Adds Election Bets, Yet Fiscal Crisis Bet May Prove Bigger Than 2024 Race

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Romania: Fiscal Pressures Rise Due to Domestic Political Uncertainty and External Risks

Jobless Claims Drop Below Forecast, But Labor Market Softness Keeps Traders Cautious

Retail Sales Stall as PPI and Fed Surveys Signal Uneven Consumer Demand

Housing Sector Strains Deepen: Permits Drop, Completions Slide as Fed Keeps Pressure On

Romania: Election of Centrist Candidate Supports Structural Reform Momentum Though Fiscal Pressures Remain

US Public Debt Trajectory and Interest Payments Set to Worsen and Exceed Sovereign Peers

Portugal: Persistent Political Fragmentation to Test Growth and Fiscal Prospects

Bulgaria on Track to Adopt the Euro, Supporting the Economic Outlook

ADP Report: U.S. Job Growth Slows Sharply to 37K in May as Labor Market Cools

U.S. Jobless Claims Hit 247K; Rising Averages Signal Labor Market Softening

Lagarde Stays Cautious After ECB Rate Cut, EUR/USD Faces Pressure from Trade Risks

German Exports and Industrial Production Slide as Tariffs Bit; EUR/USD Dips

Labor Market Delivers Mixed Signals Despite Strong Payroll Gain

China Deflation Signals Deepen, Raising Stakes for Trade Talks; AUD/USD Holds Gains

US-China Trade Talks Resume as Markets Eye Rare Earth Mineral and Tech Restrictions

GameStop Drops as Q1 Sales Miss Offsets Earnings Beat

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UK GDP Slide Fuels BoE Rate Cut Speculation Ahead of Key CPI Report; GBP/USD Dips

CoiniGo Shuts Down the Flat-Fee Scam for IBs

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EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Strengthens After Israeli Airstrikes

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Crude Oil Price Outlook – Crude Oil Rallies After Airstrike

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Natural Gas Weekly Price Outlook – Natural Gas Falls for the Week

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Oil Price Rally May Have Already Peaked

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Silver and Miners to ??? Amid Israel-Iran Conflict

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Japanese Yen Weekly Forecast: Will USD/JPY Break 140? BoJ and Fed Decisions Approach

Silver (XAG) Forecast: Divergence from Gold Deepens—Is Silver Going Up or Breaking Down?

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The Week Ahead: Markets Set for Volatile Week on Fed Signals and Oil Price News

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ECB: Gold Now Second Only to USD in Global Reserves

Gold (XAUUSD) Price Forecast: Will Fed Dovishness and Mideast Tensions Trigger a Record Gold Rally?

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Theta Network is the leading blockchain-powered decentralized cloud for AI, media and entertainment. It can be viewed as a "dual network" consisting of two complementary subsystems, the Theta Edge Network and the Theta Blockchain. The edge network provides vast amounts of GPU compute power for AI, video, rendering and other tasks, while the Theta blockchain provides payment, reward, and smart contract capabilities. Below we provide more details for the two components.

Theta's Edge Network is a decentralized network consisting of over 10,000 active global nodes with 80 PetaFLOPS of always available distributed GPU compute power, equivalent to 250 Nvidia A100s. Theta Edge Network powers the Theta EdgeCloud, a leading hybrid cloud-edge AI computing platform launched on May 1, 2024. Leveraging Theta's recently approved patent on ‘Edge Computing Platform supported by Smart Contract Enabled Blockchain Network’ and the upcoming release of Elite+ Booster edge nodes, all Theta community members will be able to participate and share in the rewards from EdgeCloud AI, video, 3D rendering and gaming compute jobs. While chatbots like ChatGPT and others utilize GPUs, new generative AI models such as text-to-video, text-to-3D and sketch-to-3D will require 10-100x the amount of computational power. The combined GPU compute power of Theta's decentralized edge network and its preferred cloud partners is 20-30x more than other comparable networks in the industry today, holding the keys to global GPU compute, arguably the most valuable and most disruptive asset in history.

Theta blockchain is an EVM compatible multi-blockchain network which supports Turing complete smart contracts. This EVM support enables a wide range of interesting Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO), which could become indispensable building blocks of the next generation AI, media and entertainment platforms. Theta’s enterprise validator and governance council is led by Google, Samsung, Sony, Creative Artists Agency (CAA), Binance, Blockchain Ventures, DHVC, gumi and other global leaders. Theta has partnered with leading entertainment brands including Lionsgate, MGM, Katy Perry, American Idol, The Price is Right, Taste of Home, and more. Popular platforms utilizing Theta’s Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and other OTT streaming services. Strategic corporate investors include Samsung NEXT, Sony Innovation Fund, Bertelsmann Digital Media Investments (BDMI), CAA and Silicon Valley VCs including DCM and Sierra Ventures.

Theta Network

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