😲 Auction Sold 0.01 ETH for $0.02?

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It sounds impossible. But it happened. A real auction. Real ETH. And somehow… it sold for pennies. No bots. No gas wars. Just silence. The question is: why?

Here’s what we got for you today:

• ℹ️ Crypto Sources From The Crypto Fire ℹ️

• 😲 Auction Sold 0.01 ETH for $0.02… and No One Sho …

• 🤝 AI x Crypto Is Not Just Hype — It’s Infrastruct …

• ⭐ Top Highlight in Crypto Today

• 🤡 Meme Of The Day

ℹ️ Crypto Sources From The Crypto Fire ℹ️

😲 Auction Sold 0.01 ETH for $0.02… and No One Showed Up?!

Leviathan News recently ran a small auction — 0.01 $ETH.X ( ▼ 0.98% ) (worth around $20). Shockingly, only one person joined and won it for just 1 $SQUID — about $0.02. That’s 1,000x below market price. So… what happened?

Three Possible Reasons for Market Failure

1. Information Failure

• Maybe people just didn’t know about the auction.

• However, Telegram and X posts had ~1300 combined views.

• Previous auctions with similar visibility attracted bids — so lack of awareness seems unlikely.

2. Participation Barriers

• Could the auction format or chain (Fraxtal L2) have blocked people?

• Testing showed that bridging ETH to Fraxtal was easy and cheap (<$1).

• Conclusion: accessibility wasn’t a major problem.

3. Rational Abstention (Psychological Bias)

• Many may have thought it was “too good to be true.”

• Like ignoring a penny on the street, people may have dismissed it due to skepticism or perceived low value.

• Cognitive bias led most to skip it — only one user, “Zero2,” took action and won big.

The whole thing proved one thing loud and clear: the crypto market still isn’t fully efficient. Those who stay alert and move quickly? Still have a shot at outsized gains.

In crypto, it’s not just about supply and demand — investor behavior and awareness shape prices more than you think.

🤝 AI x Crypto Is Not Just Hype — It’s Infrastructure Now

AI is scaling fast. Crypto is built for coordination. When you put them together, you get something powerful. This is the real use case people have been waiting for.

🦾 Let’s talk about AI - AI isn’t slowing down.

By 2027, some models might outperform humans in reasoning.

Inference already accounts for half of NVIDIA’s revenue.

Big Tech is pouring cash into it — $300B+ projected AI spend in 2025.

Microsoft alone? $80B on data centers.

But it’s all centralized. Controlled. Expensive.

💰 Now let’s talk about Crypto.

Crypto is great at one thing: coordinating people and machines at scale.

It gives us:

• Open incentives

• Trustless systems

• Ownership and monetization

• Programmable finance

And unlike Big Tech, it’s permissionless. Anyone can join.

🔀 So… what if you combine them? AI needs compute, data, and financial rails. Crypto provides all three.

AI makes crypto smarter, easier to use. Crypto makes AI more open, efficient, and aligned.

Together, they solve each other’s biggest problems — and create entirely new possibilities.

🧠 1. Decentralized Training Is Getting Real

Forget giant AI labs and $40M model budgets.

Now we’re seeing global, low-cost training powered by distributed GPUs — and crypto makes it all work.

Why it matters:

• No single company owns the model

• Anyone can contribute compute and get rewarded

• Models become cheaper, harder to censor, and more fault-tolerant

Projects leading this shift:

• Prime Intellect: Trained across 3 continents, cut comms costs by 125x using DiLoCo

• Nous Research: Built Hermes 3 on minimal bandwidth with a smart optimizer (DeMo)

• Gensyn & Pluralis: Designing protocols + incentives to make this work at scale

📲 2. Focus Has Shifted — It’s All About Apps Now

Training giant models? That was 2020–2023.

Now, it’s about what you can build on top of those models.

Take DeepSeek:

• Trained a model for 1/6th the cost of GPT-4

• Open-sourced it

• Dominated the App Store

The new AI era = apps > models

And crypto fits in here perfectly — powering coordination, identity, payments, and ownership.

🧩 3. Tokenized Data Is a Game-Changer

AI needs data. But high-quality data is:

• Hard to find

• Controlled by Big Tech

• Rarely benefits the people who created it

Crypto flips that by turning data into an asset you can own, trade, and get paid for.

Examples:

• Vana: Personal data DAOs. You contribute → you get rewarded.

• Masa: Global marketplace for data + compute. Open, permissionless, user-owned.

This creates entirely new data economies — where power shifts from platforms to people.

🤖 4. AI Agents Need Crypto to Function

AI agents = bots that think + act on their own.

But here’s the issue:

In Web2, they’re stuck behind APIs and permissions.

In Web3, they can transact freely, access any app, and operate without gatekeepers.

What’s already live:

• Virtuals: Agent launchpad — 4K+ launched this year

• ElizaOS: Agent DAO for creators and devs

• Wayfinder: ChatGPT for onchain tasks — launch tokens, swap assets, deploy contracts

• Freysa AI: A live game where humans try to outsmart a prize-guarding AI

Crypto gives these agents money, memory, and freedom.

🔗 5. Purpose-Built AI Chains Are Already Here

Two chains built specifically for AI are Ritual and Bittensor.

• Ritual lets smart contracts run AI models directly, powering apps like Relic (AI AMM) and Tithe (AI lending).

• Bittensor uses the TAO token to reward AI model contributions across subnets like Chutes (model hosting), Dojo (training data), and Bitmind (deepfake detection).

→ Both are laying the groundwork for scalable, onchain AI infrastructure.

Bottom line: AI and crypto aren’t just two trends running in parallel — they solve each other’s biggest problems.

AI needs open infrastructure, scalable compute, and better ways to handle data and payments. Crypto brings exactly that — along with incentives, coordination, and ownership.

As decentralized training, tokenized data, AI agents, and purpose-built chains keep evolving, this AI x Crypto space is shaping up to be one of the most important shifts of the decade.

The infrastructure is already live. Now it’s just a matter of who builds on top of it.

⭐ Top Highlight in Crypto Today

💰 World Liberty Financial Inc. (WLFI) is rolling out a new stablecoin called $USD1.X ( ▼ 0.69% ) - and yep, it’s inspired by Donald J. Trump. The idea? Mix the power of DeFi with the safety of traditional finance. USD1 is pegged 1:1 to the U.S. dollar and is being positioned for sovereign investors and big institutions who want stability in the crypto space.

🧠 ChatGPT can spot trading patterns like a pro - if you feed it solid data. But to get real value, you’ll need clear prompts and always double-check with trusted sources.

🏁 Ripple vs. SEC is officially over. Both sides dropped their appeals, and Ripple will only pay $50M of the $125M fine. The SEC’s lifting restrictions, clearing the way for Ripple to grow, IPO, and move forward freely.

👥 The SEC’s Crypto Task Force is gearing up for 4 more crypto talks

• April 11, 2025 - Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading

• April 25, 2025 - Know Your Custodian: Key Considerations for Crypto Custody

• May 12, 2025 – Tokenization - Moving Assets Onchain: Where TradFi and DeFi Meet

• June 6, 2025 - DeFi and the American

🤡 Meme Of The Day

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The Crypto Fire Team

This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.