· The Testnet boosts
Aethir’s Decentralised Cloud Infrastructure (DCI), enabling a seamless
integration with its cloud game portals and establishing tokenomics to foster
industry wide innovation.

· Developers and users can
try out Aethir’s Testnet and provide feedback on the Testnet Discord channel.
Developers can get more information from Aethir’s technical docs.

Aethir, a pioneer in
Decentralised Cloud Infrastructure (DCI) for Gaming and AI, has announced the
launch of its Testnet. The Aethir Testnet launch enhances Aethir’s
Decentralised Cloud Infrastructure (DCI), delivering permissionless integration
with Aethir’s cloud-hosted game portals and laying the foundation for
beneficial tokenomics to support industry innovation.

Aethir recently
joined NVIDIA’s Inception Program to propel its mission of revolutionising the
gaming and AI industries.

Aethir’s
Testnet is the embodiment of years of development, innovation, and a sustained
vision to decentralise cloud infrastructure, unlocking the value of ultra-low
latency and scalable GPU-based compute.

“This is
a significant milestone for Aethir and the Web3 cloud industry, as we march
toward our goal of delivering a more equitable and developer-friendly Internet
supporting the use cases of tomorrow. We welcome developers to continue
building and innovating within Aethir’s Atmosphere, leveraging compute resources,
or contributing compute resources to foster a new way to interact across the
Internet ecosystem. Aethir’s Testnet is just the beginning, and it couldn’t be
possible without the support of the Web3 community as we democratise cloud
gaming, human-AI-interaction, and other exciting use cases,” said Kyle Okamoto,
CTO of Aethir.

The
Aethir Testnet provides game developers the tools and capabilities to onboard
their games and instantly create cloud gaming portals, while AI-focused
enterprises can enhance the human-AI interaction layer with scalable localized
computing power. Additionally, it gives enterprise GPU infrastructure providers
the opportunity to contribute their computing resources and receive rewards for
providing cloud services to Aethir’s community.

Key
Features of Aethir’s Testnet

· API Integration: Game developers can
upload games and create unique gaming portals using Aethir’s Testnet APIs

· Blockchain Browser: Developers and Container
Providers (Containers are the GPU resource providers within Aethir’s network)
can access on-chain data seamlessly

Development
Support Features:

· Operational Support Center: Aethir has also launched
an Operational Support Center to support developers and Container Providers as
they continue to scale the ecosystem.

· Onboarding Support: Comprehensive Onboarding
Guidelines are live for Game Developers and Container Providers. This
step-by-step guide ensures a smooth onboarding process for all Testnet
participants.

· Website Resources: All relevant materials,
Software Development Kits (SDKs), deployment tools and guidelines are
accessible on Aethir’s website.

Built on
Arbitrum, a highly scalable and reliable Ethereum-based blockchain, Aethir’s
Testnet launch enables ultra-low latency, scalable GPU-based compute publicly
accessible worldwide. The Aethir Testnet will undergo several phases in
coordination with community feedback and Aethir’s broader company
roadmap.

“At
Aethir, we’re not just pioneering the future of decentralised cloud computing;
we’re redefining the relationship between the AI and gaming industries, and
real-time cloud computing. With the launch of the Aethir Testnet, we’re
inviting developers and GPU resource providers to sign up and experience our
infrastructure. This is a small, but important, step for the company, and a
huge leap forward for the cloud computing industry overall,” said Mark Rydon,
co-founder and CEO of Aethir.

While
the Aethir Testnet launch is a significant milestone, Aethir will be releasing
continuous and regular updates as its technology continues to evolve. The
emphasis will be on enhancing user experience, improving real-time cloud
rendering capabilities, and strengthening the ecosystem via increased developer
support.

About
Aethir

Aethir (https://www.aethir.com/)
is revolutionising the cloud infrastructure landscape by focusing on
Decentralised Cloud Infrastructure (DCI) tailored for gaming and AI companies.
Addressing a pressing issue in current cloud technology, Aethir offers an
infrastructure alternative that solves the cost and latency challenges
associated with delivering premium GPU computational loads to latency sensitive
industries. Aethir offers an elegant infrastructure design that becomes faster
and cheaper as it expands. Built by a seasoned team with experience in scaling
top cloud gaming infrastructure, Aethir is an indispensable infrastructure
solution for delivering low-latency, GPU resources via the cloud. Aethir is at
the forefront of catering to the ever-evolving needs of the AI and Gaming
industry, leading the way in the development and deployment of next-gen cloud
solutions.

This article was written by FL Contributors at www.forexlive.com.

US

• The Fed left interest rates unchanged as
  expected with basically no change to the statement.
• Fed Chair Powell stressed
  once again that they are proceeding carefully as the full effects of policy
  tightening have yet to be felt.
• The recent US Core PCE came
  in line with expectations.
• The labour market is
  starting to show some weakness as Continuing Claims are now
  rising at a fast pace and the NFP data
  last Friday missed across the board.
• The US Consumer
  Confidence fell for the third consecutive month
  although the data beat expectations.
• The US ISM
  Manufacturing PMI last week missed expectations by a big
  margin, followed later on Friday with a disappointing ISM Services PMI,
  although the index remained in expansion.
• The market doesn’t expect the Fed to hike anymore.

New Zealand

• The RBNZ kept its official cash rate
  unchanged while
  stating that demand growth continues to ease and it’s expected to decline
  further with monetary conditions remaining restrictive.
• The New Zealand recent inflation data missed expectations supporting the
  RBNZ’s stance.
• The latest labour market report showed a notable increase in
  the unemployment rate and a slowdown in wage growth which is something that is
  likely to keep the RBNZ on the sidelines.
• The Manufacturing PMI continues to slide further into
  contraction, but the Services PMI jumped back into expansion.
• The market doesn’t expect the RBNZ
  to hike anymore.

NZDUSD Technical Analysis –
Daily Timeframe

On the daily chart, we can see that the NZDUSD pair
surged into the key resistance levels
following the miss in the NFP data last Friday. The sellers stepped in around
the 0.60 handle and the price sold off paring back all the Friday gains. The
failed break above the trendline left
behind a fakeout, which is generally a reversal pattern.

NZDUSD Technical Analysis –
4 hour Timeframe

On the 4 hour chart, we can see that we have a good
support zone around the 0.5915 level where there’s also the 38.2% Fibonacci retracement level
for confluence. This is
where the buyers are likely to step in with a defined risk below the level to
position for another rally into the highs and target a breakout. The sellers,
on the other hand, will want to see the price breaking lower to target the
support around the 0.5860 level.

NZDUSD Technical Analysis –
1 hour Timeframe

On the 1 hour chart, we can see that if
the price breaks below the 0.5915 support, the buyers will have another
opportunity to position for a rally with an even better risk to reward setup
around the 0.5860 support where there’s also the 61.8% Fibonacci retracement
level for confluence. The sellers, again, will increase the bearish bets in
case the price breaks below the 0.5860 support and target a new low.

Upcoming Events

This week is pretty empty on the data front with just
the US Jobless Claims on Thursday and the University of Michigan Consumer
Sentiment on Friday. The market is likely to focus on the US Jobless Claims on
Thursday given the recent weakness in the labour market data.

This article was written by FL Contributors at www.forexlive.com.

The always awesome Newsquawk US Market Open

• European equities/US futures in the red with sentiment sour ahead of a busy day of Fed speak
• Fixed benchmarks are back in bull-flattening mode, lifting from yesterday’s lows pre-supply
• DXY firmly above 105.50, whilst Antipodeans sink on weaker sentiment and post-RBA hike
• As expected, the RBA announced a 25bps hike, ensuing initial upside in the AUD before slipping on weaker forward guidance
• Crude benchmarks pare back yesterday’s gains, with base metals also in the red owing to the firmer Dollar and general market sentiment
• Looking ahead, highlights include US International Trade, IBD/TIPP, Manheim Index, NY Fed Q3 Household Debt & Credit Report, Speeches from Fed’s Goolsbee, Schmid, Williams, Logan, Barr, Waller, UK King’s Speech and Earnings from CNH Industrial, Uber, eBay & Occidental Petroleum Corp

This article was written by Ryan Paisey at www.forexlive.com.

Futures dip as rate cut optimism wanes; more Fed speakers on tap

FULL STORY

U.S. stock index futures slipped on Tuesday as optimism about the Federal Reserve easing monetary conditions next year fizzled out, with markets on tenterhooks ahead of comments by more central bank officials.

Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank’s interest rate path.

Fed Chair Jerome Powell’s remarks will grab the spotlight on Wednesday.

This article was written by Ryan Paisey at www.forexlive.com.

The Nasdaq Composite yesterday held all the gains
from last week as the economic calendar remains poor until the final part of
the week. The technicals are likely to lead the price action in the days ahead with
the attention turning to the US Jobless Claims data on Thursday as the market
will want to see how fast the labour market is weakening.

Nasdaq Composite Technical
Analysis – Daily Timeframe

On the daily chart, we can see that the Nasdaq Composite
yesterday retested the broken minor trendline as the
buyers continue to remain in control. The price is now overstretched as
depicted by the distance from the blue 8 moving average. In such
instances, we can generally see a pullback into the moving average or some
consolidation before a continuation.

Nasdaq Composite Technical
Analysis – 4 hour Timeframe

On the 4 hour chart, we can see more closely the
break and retest of the minor trendline. The buyers should be targeting the
major trendline where we can also find a key swing level at 13700. In case the
price gets there, the sellers are likely to step in more aggressively with a
defined risk above the trendline to position for a drop into new lows.

Nasdaq Composite Technical
Analysis – 1 hour Timeframe

On the 1 hour chart, we can see that in
case the price extends to the 13700 level, we will probably have a divergence with
the MACD. That
would be a sign of weakening momentum, which is often followed by pullbacks or
reversals. From a risk management perspective, the buyers would be better off
waiting for a pullback instead of chasing the rally at these stretched levels.
The sellers, on the other hand, will have a great risk to reward setup around
the 13700 resistance.

Upcoming
Events

This week is pretty empty on the data front with just
the US Jobless Claims on Thursday and the University of Michigan Consumer
Sentiment on Friday. The market is likely to focus on the US Jobless Claims on
Thursday given the recent weakness in the labour market data.

This article was written by FL Contributors at www.forexlive.com.