Bitmain's new Antminer

May 29, 2025

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Welcome to The Node! This is Ben Schiller to take you through the latest crypto news from CoinDesk's reporters.

Cantor Raises Gold-Backed Bitcoin Fund 

Stand With Crypto Removes Soulja Boy From NJ Governor Rally After Discovering Sexual Assault Fine
Tether, Tron Dominate Fast-Growing Stablecoin Payments Arena, Survey Shows
Bitmain's New Antminer Launch Signals Profound Shift for Bitcoin Miners: TheMinerMag

OPINION:
A majority of Americans believe AI would benefit more people if it weren’t controlled by just a few big companies, a new Harris Poll indicates. 
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Cantor Raises Gold-Backed BTC Fund

  • Cantor Fitzgerald Asset Management announced plans to launch an investment fund combining bitcoin gains with price drop protection coming from investments in gold.
  • This marks Cantor Fitzgerald's deeper venture into bitcoin products after debuting a bitcoin lending business.
  • "I think [the fund] is going to be one of the great products of the Earth," chairman Brandon Lutnick said on stage at Bitcoin Vegas 2025.
 

Stand With Crypto Removes Soulja Boy

  • Stand With Crypto announced that 070 Shake and Soulja Boy would headline a "get out the vote rally" ahead of New Jersey's gubernatorial primary election on Wednesday.
  • Soulja Boy will no longer perform, Stand With Crypto said on Thursday, due to a jury finding him liable for sexual battery and assault last month.
 

Tether, TRON Dominate New Stables

  • The “Stablecoin Payments from the Ground Up” report found USDT accounted for 90% of payment transaction volume.
  • Tron was the preferred settlement network, hosting around 60% of volume.
  • Stablecoin payment volume taken in February of this year added up to an annualized $72.3 billion.
 

Bitmain Antminer Has Efficiency Gains

  • Bitmain’s Antminer S23 Hydro features 9.7 J/TH efficiency, shipping in Q1 2026.
  • Miners may focus on replacing old rigs instead of expanding fleets amid profitability squeeze.
  • Hashprice remains under pressure, challenging conventional hardware upgrade cycles.
 

Americans Trust Decentralized AI More 

by Julie Stitzel, Senior Vice President of Policy for DCG. 

A decade ago, Bitcoin felt like the internet in the early ‘90s—niche, experimental, and easy to dismiss. Today? It’s front and center on Capitol Hill.

What began as a decentralized outlier many labeled as fringe is slowly becoming a pillar of America’s economy that many consider the future. People can now invest in Bitcoin through their 401(k)s, IRAs, and brokerage accounts. This year, the U.S. created a Strategic Bitcoin Reserve. Roundtables and summits are being hosted at the White House, and pro-Bitcoin positions are showing up in campaign platforms.

 

That shift wasn’t accidental. Bitcoin gained momentum because its core values—open access, transparency, and distributed control—offered an alternative when public trust in traditional finance was eroding.

 

A similar pattern is unfolding today with artificial intelligence.

 

AI Has a Trust Problem

AI is booming, but so are questions about who controls it. If you're wondering where your data is going when you use a chatbot, who benefits from it, and why you have to surrender your privacy in the first place, you're not alone.

 

According to a new Harris poll commissioned by DCG, 74% of U.S. respondents believe AI would benefit more people if it weren’t controlled by just a few big companies and 65% don’t trust elected officials to steer AI’s development. The public loves the potential of AI; they just don’t trust the players in charge.

 

That trust gap isn’t new, and Bitcoin confronted it head-on with decentralization: when trust in institutions erodes, the answer isn’t more gatekeepers—it’s building systems that don’t require them. Decentralized technologies rebuild trust by removing human intermediaries, who are often prone to bias, error, or self-interest, and eliminating single points of control. By replacing these flawed gatekeepers with transparent, distributed systems, decentralization offers a more reliable and accountable foundation for trust and confidence, rooted in transparency, resilience, and user-aligned governance.

 

This shift—from human-controlled to technologically decentralized systems—is what makes trust possible again.

 

Decentralized AI: The Internet of Intelligence

Unlike Big Tech models controlled by centralized entities, decentralized AI (deAI) is built, trained, and operated across a distributed network, preventing any single party from controlling the system.

 

Decentralized AI (deAI) flips the script on traditional AI by putting power in the hands of users, not corporations. Networks like Bittensor (see Note below) are leading the way by enabling open, permissionless access to AI infrastructure where anyone can contribute models, computing power, or data. This approach levels the playing field for students, startups, and independent developers who would otherwise be shut out of today’s centralized AI giants.

Instead of gatekeepers, Bittensor coordinates contributions transparently across a global network, using blockchain to embed trust and reward real value. The result is AI that’s more open, resilient, and fair, where incentives are based on merit, not monopolies.

Voters Are Ahead of Lawmakers on Decentralized AI

While Americans are still in the earlier stage of learning about AI technologies, they can already intuitively anticipate the advantages of decentralized AI.

 

The Harris poll of 2,000 US adults found:

  • 75% say decentralized AI better supports innovation
  • 71% say it’s more secure for personal data

Three out of four respondents say decentralized AI drives more innovation than closed AI, and 71% believe it offers stronger protection for personal data. What’s missing for consumers using AI is transparency and control, and they want to know they’re not just training someone else’s profit engine.

 

Policy Can’t Ignore Infrastructure and Ownership

Even with strong public support, the promise of decentralized AI depends on whether policymakers understand a simple fact: the structure of a system determines its behavior and outcomes.However, the regulatory conversation around AI is still catching up, and in many cases, seems to be missing a crucial point. We’re seeing big debates around safety and existential risk, but almost no airtime for how the foundational structure of these systems impacts trust. A centralized model run by a few powerful players is inherently vulnerable, opaque, and exclusionary and will ultimately erode trust. To encourage trust, technological adoption and innovation, policymakers should:

  • Incentivize innovation in open ecosystems
  • Ensure people can benefit from their data
  • Avoid enshrining Big Tech dominance through regulation

The same gatekeepers who shaped today’s AI shouldn’t control its future, especially with the public calling for real alternatives. The current Administration has taken a refreshingly pragmatic approach to AI, prioritizing innovation and American competitiveness over heavy-handed regulation and we hope Congress will do the same. Emphasizing private sector innovation and decentralized development lays the groundwork for a more open and resilient AI future.


Full op-ed.

 

A message from AIOZ Network

 

AIOZ Network Launches AIOZ AI: A Marketplace for Web3 AI Models and Compute

 

By combining AI development with Web3 physical infrastructure, new systems like AIOZ AI enable more open access to compute resources and reward contributors through token monetization mechanisms. AIOZ AI enables this through DePIN Compute – a Web3 network that processes AI workloads across a global infrastructure, allowing developers to monetize their contributions and earn tokenized rewards based on the usage of their models and datasets.

 

The AIOZ AI Vision Paper outlines this convergence between AI and Web3, and today’s launch of AIOZ AI marks the first step toward making that vision a reality. continue reading 

 

Links, Links, Links

 

The Times Confirms More Names on Trump’s Crypto Dinner Guest List - NY Times
 
Another Suspect Is Charged in Bitcoin Kidnapping and Torture Case – NYT

Crypto Group With Trump Ties Finds Friends in California – Politico

 

Farage at Bitcoin Las Vegas

 

 

 

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