Bistroo's October 2024 Update: Sales Growth and New Features

Bitcoin (BTC) has reached a new all-time high (ATH) of $109,350 on January 20, 2025, driven by a surge in cryptocurrency markets ahead of Donald Trump's inauguration as the 47th President of the United States. The price increase, which saw BTC jump over 6% in early trading, comes amid growing expectations of pro-crypto policies from the incoming administration. Trump has indicated support for digital assets, including proposals for a strategic national Bitcoin reserve, which has fueled market enthusiasm. Tom Trowbridge, Co-Founder and CEO of Fluence, noted that the appointment of David Sacks as the 'crypto czar' signals a significant shift towards a supportive regulatory environment for cryptocurrencies. The broader cryptocurrency market has also benefited from Bitcoin's rally, with Ethereum rising 3.5% and XRP increasing by 2%. Chainlink has seen the most significant gains, climbing 15%. Despite reaching a new ATH, Bitcoin's price has faced resistance at previous highs, with key support levels identified at $104,000, $102,400, and $99,500. Analysts suggest that a drop below these levels could indicate a deeper correction, while movements above them may present buying opportunities. In addition to Bitcoin's performance, the newly launched TRUMP token has made headlines, peaking above $70 before experiencing a correction. The token's launch was announced by Trump himself, further energizing the market. With Trump's pro-crypto stance, experts predict ambitious price targets for Bitcoin in 2025, ranging from $175,000 to $250,000, driven by factors such as institutional adoption and the upcoming halving event. As the cryptocurrency landscape evolves, the influence of political developments on market dynamics will continue to be closely monitored.

The U.S. Securities and Exchange Commission (SEC) has initiated a lawsuit against Nova Labs, the creator of the Helium Network, claiming that the company sold unregistered securities and misled investors regarding its partnerships with prominent firms. The lawsuit specifically targets three tokens associated with Helium: the Helium Network Token (HNT), Helium Mobile Token (MOBILE), and Helium IoT Network Token (IoT). According to the SEC, these tokens were marketed as securities without proper registration, violating federal laws. The SEC is seeking financial penalties and a prohibition on Nova Labs from engaging in the purchase or sale of crypto assets classified as securities. In addition to the allegations regarding unregistered securities, the SEC accuses Nova Labs of exaggerating its partnerships with major corporations such as Nestlé, Lime, and Salesforce. The lawsuit claims that these companies were misrepresented as active users of the Helium network, leading to cease-and-desist letters from Nestlé and Lime when they discovered the misleading claims. The SEC's filing suggests that Nova Labs executives were aware of the falsehoods, with internal communications indicating disbelief that Nestlé had not challenged them sooner. This raises serious questions about the integrity of the company's business practices. In response to the lawsuit, Helium founder Amir Haleem criticized the SEC's actions on social media, describing the lawsuit as a desperate attempt to undermine crypto companies in the U.S. Haleem argued that if Helium hotspots are deemed securities, it could jeopardize all decentralized physical infrastructure networks (DePINs). He emphasized that Helium had clarified its position with the companies involved and expressed determination to contest the SEC's claims, framing the case as a crucial moment for the future of decentralized networks.

Chirp, a decentralized physical infrastructure network (DePIN) built on the Sui blockchain, has officially launched its $CHIRP token on three prominent centralized exchanges: KuCoin, Gate.io, and MEXC Exchange. This launch comes after the successful Initial DEX Offering (IDO) for the Sui DePIN infrastructure layer, which aims to support the development and operation of decentralized physical infrastructure networks. With nearly 1 million users, Chirp is positioning itself as a leader in the rapidly growing DePIN space, connecting various Internet of Things (IoT) devices through blockchain technology. Tim Kravchunovsky, the CEO and founder of Chirp, expressed pride in the project’s progress, highlighting the choice of Sui as the foundational blockchain even before its testnet launch. He emphasized that the newly launched Sui DePIN infrastructure layer is ideal for a decentralized IoT and telecommunications project like Chirp. The $CHIRP token is integral to Chirp's ecosystem, incentivizing Keepers—operators of Chirp's antennas—to maintain their devices and support the network. Additionally, the token serves as a payment method for network usage and functions as a governance token within Chirp's voting system. Furthermore, the $CHIRP token is utilized in Kage, a play-to-earn (P2E) game launched by Chirp that encourages players to detect wireless networks using their smartphones. Since its debut in November 2024, Kage has attracted nearly 1 million players who have scanned over 850 million wireless networks worldwide. The geolocation data collected through this game is valuable across various industries, enabling applications such as indoor navigation and low-power geopositioning in challenging environments. Chirp's dual approach—combining a DePIN with a robust IoT platform—aims to create a sustainable ecosystem that empowers communities while delivering advanced IoT solutions.

Michigan State University (MSU) has officially adopted the EdgeCloud platform for AI research, making it the second academic institution in the United States to join this initiative, following the University of Oregon. The SEIT Lab, led by Associate Professor Qiben Yan, will utilize Theta's decentralized GPU infrastructure to foster advancements in AI, cybersecurity, and distributed systems. As a prominent Tier 1 research institution, MSU's collaboration adds significant value to Theta's academic partnerships in the U.S. Furthermore, EdgeCloud plans to enhance its cloud-based GPU infrastructure across various locations, including California, Texas, and the Midwest, with a beta release of its hybrid cloud-edge computing platform scheduled for June 2025. Professor Qiben Yan is a distinguished expert in IoT security, AI privacy, blockchain resilience, and cybersecurity. His SEIT Lab is at the forefront of research aimed at protecting connected devices and networks from sophisticated cyber threats. Yan's work has been recognized at prestigious conferences and has received notable funding from the National Science Foundation (NSF). He expressed enthusiasm about the collaboration with Theta, emphasizing that the EdgeCloud platform will facilitate the scaling of AI projects that demand high-performance computing while also pushing the boundaries of decentralized technology in secure and intelligent systems for IoT and AI applications. The SEIT Lab is dedicated to creating secure, intelligent systems with a focus on distributed systems, federated learning, and blockchain technologies. Recent projects include NSF-funded research on adversarially robust AI for speech recognition and innovative frameworks for secure smart contracts. By adopting Theta EdgeCloud, the SEIT Lab will benefit from a decentralized cloud platform that significantly accelerates the training and deployment of AI models, reducing GPU resource setup time by up to five times compared to traditional providers. This partnership not only strengthens Theta's academic network but also highlights its commitment to addressing complex challenges across various fields, including media, healthcare, bioinformatics, and finance.

In the ever-evolving landscape of cryptocurrency, certain projects are demonstrating remarkable resilience and growth, while others struggle to maintain relevance. Recent updates highlight Cardano's impressive price growth, which surged by 12% over the past week, despite a slight dip to $1.064. This upward momentum is attributed to the network's innovative upgrades, particularly in on-chain governance, which enhance its scalability and utility. Furthermore, the addition of Cardano to Robinhood Markets has broadened its accessibility for U.S. traders, reinforcing its position as a significant player in the blockchain ecosystem. Analysts are optimistic, projecting that if current trends continue, ADA could reach as high as $6, making it a key asset to monitor in 2025. On another front, Filecoin is solidifying its dominance in the decentralized physical infrastructure networks (DePIN) sector with strategic advancements in decentralized storage solutions. The recent "nv23" upgrade, dubbed Waffle, has significantly improved performance and interoperability with Ethereum, paving the way for new cross-chain integrations. Additionally, Filecoin's collaboration with SingularityNET aims to revolutionize AI model training by utilizing secure and decentralized storage. These developments not only enhance Filecoin's utility within the Web3 infrastructure but also attract developers and enterprises, positioning it as a leader in the decentralized storage space. Amidst these established players, a new contender, Web3Bay, is emerging with the ambition to redefine the $5 trillion e-commerce industry through blockchain innovation. By eliminating intermediaries, Web3Bay promises a transparent and user-friendly shopping experience, rewarding participants with its 3BAY token. With $830,000 raised in its presale and features like NFT marketplaces and DeFi staking on the horizon, Web3Bay presents a compelling opportunity for investors seeking long-term growth in the Web3 space. As the presale progresses, early participants could see substantial returns, making this an exciting time for those looking to invest in the future of decentralized e-commerce.

In the rapidly evolving Internet of Things (IoT) landscape, the emergence of various connectivity standards has led to significant fragmentation, complicating the integration of IoT devices into cohesive networks. To address this challenge, the Chirp project has introduced a decentralized physical infrastructure network (DePIN) designed to enhance the connectivity and management of IoT devices. Chirp operates on a mesh network architecture utilizing LoRa and Sub-GHz LoRaWAN radio communication, supported by a comprehensive ecosystem known as Chirp Wireless. This ecosystem is tailored to power decentralized sensors, robotics, and other IoT devices, with hardware gateways called Blackbirds maintained by a decentralized community known as the Keepers. The Blackbird devices play a crucial role in providing network coverage through multiple connection protocols, including 2.4 GHz LoRa, Sub-GHz LoRaWAN, Zigbee, Bluetooth Low Energy (BLE), and Thread. This versatility makes Chirp suitable for both residential and commercial applications, facilitating both high-bandwidth close-range communication and sparse long-range connectivity. Keepers are incentivized with CHIRP tokens for their contributions to maintaining the network infrastructure. Notably, Chirp differentiates itself from other platforms, such as Helium, by having a single licensed manufacturer for its nodes, which helps manage supply and maintain appropriate reward levels, thus preventing network oversaturation. The CHIRP token is integral to the Chirp ecosystem, serving multiple purposes, including rewarding Keepers, granting access to the network, and managing governance processes. Users can connect devices through various subscription models, with payments made in CHIRP tokens on the Sui blockchain. With a total supply capped at 300 million tokens, the distribution is planned over the first ten years post-token generation event (TGE). While Chirp presents a promising solution to unify the fragmented IoT sector, its current stage, with approximately 400 active nodes and limited commercial clients, highlights the need for stable revenue generation to ensure ongoing network participation. The future of Chirp hinges on its ability to attract commercial users who can provide consistent demand for its services.