Felix Pinkston 13 Aug 2024 07:49 NVIDIA’s NVLink and NVSwitch technologies enhance large-scale language model inference, enabling faster and more efficient multi-GPU processing. As large-scale language models (LLMs) rapidly scale, the computing power needed to handle inference requests increases. According to the NVIDIA Technology Blog, multi-GPU computing is essential to meet real-time latency requirements and serve a growing number of users. Benefits of Multi-GPU Computing Even if a large model fits into a single memory of a modern GPU, the speed at which tokens are generated depends on the total compute power available. Combining…
Author: Crypto Flexs
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Uniswap Labs, the development company behind the Uniswap protocol, has surpassed $50 million in cumulative front-end fees.In October, the protocol introduced a 0.15% fee for user transactions on the web interface and wallet app. The accumulated fees were passed on to Uniswap Labs only, which was the company’s source of revenue. In mid-April, Uniswap Labs increased this fee from 0.15% to 0.25% on the interface.Cumulative fees have increased more than 13-fold so far this year, from $3.7 million on Jan. 1 to more than $50.6 million today.This comes as Uniswap remains the largest DEX by volume, accounting for roughly a…
One trader who has been steadily gaining followers with his altcoin calls believes that one of the Solana (SOL)-based mimecoins is set to see a massive rally. Pseudo-analyst Blunts told his 268,500 followers on social media platform X that dogwifhat (WIF) is about to break out of a falling wedge. This pattern is often considered a bullish reversal signal as it suggests weakening selling momentum. Bluntz says: “It’s hard when WIF starts. Even though it was up 80% in a week, I would have definitely continued buying it if I hadn’t already taken a position. “There is limited time left…
Alvin Lang Aug 13, 2024 05:52 Binance announced that it will convert delisted tokens to USDC by March 2025. Users will have until September 1, 2024 to withdraw the affected tokens. Major cryptocurrency exchange Binance has announced an important update regarding the conversion of some delisted tokens to USD Coin (USDC). According to Binance, the conversion will be based on users’ Binance wallet holdings as of September 2, 2024, 00:00 UTC. Conversion Details The conversion process will be executed using the average token-to-USDC exchange rate from September 2, 2024 to March 1, 2025. The…
Market • August 13, 2024 12:59 AM EDT Posted 1 minute earlier ~ in US Spot Ethereum Ethereum +4.75% Exchange-traded funds (ETFs) saw $4.9 million in inflows on Monday, while the Grayscale Ethereum Trust (ETHE) saw no inflows for the first time since it was converted to an ETF.According to data from SosoValue, net inflows into the nine Ethereum ETFs have reversed after three consecutive days of declines.In particular, Grayscale’s ETHE recorded zero flows after 14 days of outflows. VanEck’s ETHV was the only spot ether ETF to report net outflows of $2.92 million, the first time ETHV has reported…
Popular analyst Michael van de Poppe shares a list of altcoins that could bounce back stronger after the last drop. This comes as the crypto market bounces off the recent correction that saw Bitcoin (BTC) test the $49,000 floor. Portfolio rebalancing is a preferred investment strategy among intentional traders, especially during periods of market volatility. To effectively manage risk, traders should diversify their investments across promising cryptocurrency narratives, establish a clear exit strategy, and maintain a disciplined dollar-cost averaging approach. Best Altcoins Picked by Analysts as Markets Attempt Recovery Van de Poppe observes how altcoins are performing after the correction.…
The latest data from cryptocurrency asset manager CoinShares shows a notable comeback in the crypto market. In its latest ‘Digital Asset Fund Flows Weekly Report’, the asset manager said investor confidence rose significantly last week, with $176 million inflows into digital asset investment products. According to James Butterfill, head of research at CoinShares, the surge in inflows indicates strong and “overall” positive sentiment, with a particular focus on Ethereum-based funds. Related Materials Crypto Fund Flow Analysis Digging deeper into the report, Butterfill said Ethereum products “clearly” stood out, attracting $155 million in total inflows, the highest year-to-date inflows since 2021.…
Marathon Digital Holdings, a leading U.S. Bitcoin mining company, announced that all Bitcoin blocks mined in the United States will be labeled “Made in USA.” The company declared on X, “MARA is Team USA, and we proudly proclaim this on every American-made Bitcoin block we mine.”Just in: Marathon has announced that they are now starting to stamp each #bitcoin block it mine "Made in the USA" 🇺🇸 pic.twitter.com/4ZbvChxdVY— Bitcoin Magazine (@BitcoinMagazine) August 12, 2024 Marathon Digital CEO Fred Thiel emphasized this commitment, saying, “Every block mined by MARA pool in the United States is proudly stamped ‘Made in USA.’ We…
Lawrence Jengar 13 Aug 2024 04:01 Binance will perform a system upgrade on August 14, 2024, affecting spot and margin trading systems. Users will be able to continue trading during the 10-minute upgrade. Leading cryptocurrency exchange Binance has announced a planned system upgrade for its spot and margin trading platforms. According to Binance, the upgrade is scheduled to take place on August 14, 2024 at 06:00 (UTC) and is expected to last approximately 10 minutes.Upgrade DetailsDuring the upgrade, users will still be able to trade on Binance Spot and Margin. However, app, website, and…
Crypto Scams, Hacks and Exploits and How to Avoid Them: Crypto-Sec DeFI Exploit: iVest Under Donation Attack According to a report from blockchain security firm QuillAudits, decentralized finance protocol iVest Finance was hit with a $156,000 attack on August 12. Sending tokens to a null address (0x0) normally results in the tokens being lost forever. However, in the iVest protocol, sending to a null address results in the _MakeDonation function being called, which “erroneously reduces the sender’s balance by twice the intended amount,” QuillAudits reported. Source: QuillAudits The attackers continued to repeat these steps, successfully draining $156,000 worth of BNB…