Hamilton Lane to Launch Private Equity Credit Fund on Solana Blockchain The Libre partnership provides investors with access to compliant on-chain funds. Solana’s low latency and high throughput support tokenization initiatives. Solana has seen significant adoption, especially among traditional financial firms. The network is increasingly becoming the preferred platform for institutions due to its performance, low transaction costs, and ease of use. For this reason, efforts to bridge the gap between traditional finance and blockchain Solana are growing. Most recently, Solana’s traders approached Hamilton Lane Senior Credit Opportunities Fund (SCOPE) to bridge traditional finance and blockchain. SCOPE Launches at Hamilton…
Author: Crypto Flexs
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Ted Hisokawa 23 July 2024 18:50 NVIDIA has launched AI Foundry services and NIM microservices to enable enterprises to create custom Llama 3.1 generative AI models for industry-specific applications. NVIDIA announced the launch of a new NVIDIA AI Foundry service, along with the NVIDIA NIM™ inference microservice, aimed at revolutionizing generative AI capabilities for enterprises worldwide. The initiative features Llama 3.1, an open-source model collection introduced to provide advanced AI tools to enterprises. Customized AI solutions for businesses With NVIDIA AI Foundry, companies and countries can now use Llama 3.1 and NVIDIA technology to…
On July 24, Bitcoin (BTC) fell over $1,400 in two hours, increasing its 24-hour loss to 2.1%. Mt. Gox’s continued repayment of its creditors may have played a large role in this decline.BTC/USD hourly chart. Source: TradingViewLet’s take a closer look at the factors driving down the Bitcoin price today.Mt. Gox Begins Refunding 140K BitcoinsToday’s Bitcoin price drop comes as Mt. Gox begins repaying over 140,000 BTC, or about $8.5 billion, to its creditors.It is worth noting that, according to a Telegram group of Mt. Gox creditors, creditors of the shuttered cryptocurrency exchange began accepting Bitcoin and Bitcoin Cash (BCH)…
A prominent on-chain analyst says one key indicator is showing the strength of Bitcoin’s (BTC) bull market. Checkmate, an anonymous on-chain analyst, told his 95,600 followers on social media platform X that the Short-Term Holder-Expenditure-Profit Ratio (STH-SOPR) is showing a continued uptrend for Bitcoin. STH-SOPR tracks the level of gain or loss of all BTC moved over the last 155 days for the short-term holder group. According to Checkmate, STH-SOPR briefly fell below the “1” level just before the bounce, indicating strong market fundamentals. “Bitcoin short, sharp STH-SOPR undercut to 1.0, followed by STH cost basis collapse. Looks good. This…
ETHTrustFund DAO is accused of stealing $2 million and laundering the funds through a mixer app. Developer Peng deleted all of his accounts without saying anything for several months before the lawsuit was filed. In addition to ETHTrustFund, other cryptocurrencies that have recently gained attention in the cryptocurrency market include Gemholic and Ordiz, which show an increasing risk of fraud. In a worrying development for cryptocurrency investors, ETHTrustFund DAO, a decentralized autonomous organization (DAO) that operates on the Base network, has been accused of extorting $2 million in ransomware. These claims, corroborated by a recent report from 0ctoshi, suggest that…
Games • July 23, 2024 3:10 PM EDT Posted 1 minute earlier In ~ Telegram CEO Pavel Durov announced that Catizen, a cryptocurrency game that lets you earn money by tapping through the messaging app, has “earned” $16 million from in-app purchases.”Catizen is a mini-game on Telegram with over 26 million players. The game has already earned $16 million from in-app purchases, donating 1% of it to stray cat rescue,” Durov posted Tuesday.Durov said on Monday that Telegram now has about 950 million users worldwide.Pluto Studio is the publisher of Catizen, a Telegram game built on The Open Network (or…
Jorg Hiller 23 Jul 2024 18:13 AMD and Meta’s Llama 3.1 brings enhanced AI capabilities to AMD platforms, including Instinct MI300X GPUs and EPYC CPUs. In a significant advancement in the Artificial Intelligence (AI) ecosystem, AMD announced that Meta’s latest Llama 3.1 large-scale language model (LLM) is now optimized for AMD platforms. According to AMD.com, this includes everything from high-performance data center solutions to edge computing and AI-enabled personal computers. AMD Instinct™ MI300X GPU Accelerator and Llama 3.1 The Llama 3.1 model developed by Meta introduces enhanced features including context lengths up to 128K,…
The spot Ethereum ETF was approved for trading on July 23. Despite ETH’s underperformance at the time of publication, the bullish momentum continues. After much anticipation and multiple revisions, a spot Ethereum (ETH) ETF finally received full and final approval to begin trading in the United States on July 23. SEC Approves Spot Ethereum ETF The U.S. Securities and Exchange Commission (SEC) has approved ETH ETFs from companies including BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. This approval follows the SEC’s final approval of the S-1 registration statement on July 22, which will allow these ETFs to…
On the day that the long-awaited spot Ethereum (ETH) exchange-traded fund (ETF) launched in the United States, the market reaction was unexpectedly muted. Analysts at Singapore-based crypto asset trading firm QCP Capital have explained the reason for the muted reaction, pointing to previous market behavior and other news from the broader market as the reasons for the situation. Why Ethereum Price Isn’t Soaring QCP Capital notes in an investor note that the market may be stuck in a “buy on hype, sell on news” pattern similar to the US spot Bitcoin ETF launch scenario. When the spot Bitcoin ETF debuted…
Ether (ETH) traded in a narrow 6% range between $3,370 and $3,560 last week. It is worth noting that the last time ETH closed above $3,600 was on June 17, which means that it may have missed a major opportunity, the spot listing of the U.S.-listed Ethereum Exchange-traded Fund (ETF) on July 23, which has been anticipated for over three years.Given that Bitcoin (BTC) is trading just 10% below its all-time high, you can’t blame the cryptocurrency for its lack of momentum. More importantly, US-listed spot Bitcoin ETFs have seen net inflows of $961 million over the past two trading…