CRV has rebounded, soaring 43% from its all-time low. But the merchants I am giving up my long position and taking a short position. Curve DAO (CRV) rose 43% last week as volume increased due to a surge in buying activity. Over the past seven days, the CRV price has steadily increased from its all-time low of $0.18 to $0.28 at the time of writing. Despite the remarkable recovery, the token is facing additional headwinds as the broader market-wide bearish sentiment weighs on the price. Funding rates plummet In the data Coinglass The funding ratio has fallen sharply into negative…
Author: Crypto Flexs
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Company • Aug 13, 2024 5:16 AM EDT Posted 1 minute earlier ~ in Japanese investment firm Metaplanet Inc. is continuing its bullish stance on the world’s largest cryptocurrency, announcing today that it has purchased an additional 57.1 bitcoins worth about $3.3 million.The Tokyo-listed company said: name He later revealed that he had purchased an additional 500 million yen worth of Bitcoin. Secured $6.8 million loan I bought more cryptocurrencies last week.This brings Metaplanet’s total Bitcoin holdings to 303,095 bitcoins, the company added.Metaplanet’s stock price fell 5.8% on Tuesday, closing at 1,121 yen. The stock has soared 600% so far…
Coinbase continues to clash with the U.S. Securities and Exchange Commission (SEC), recently urging the agency to roll back its regulations on decentralized exchanges (DEXs). This ongoing dispute could further define the legal boundaries for decentralized finance (DeFi) operations in the United States. Coinbase Calls SEC’s DEX Regulations ‘Irrational’ In a letter to the SEC on Monday, Coinbase’s chief legal officer, Paul Grewal, urged the regulator to withdraw a proposed rule that would require decentralized exchanges to fall under the agency’s purview. If the rule, which would go into effect in January 2022, is passed, DeFi projects would have to…
Darius Baru 13 Aug 2024 11:12 NVIDIA Maxine’s AI-powered platform enhances video communications for businesses, educators, and content creators through partnership with VideoRequest. Effective video communication is becoming increasingly important across a wide range of sectors, including businesses, educators, and content creators. According to the NVIDIA Technology Blog, NVIDIA Maxine is leading the way, offering a suite of NVIDIA accelerated SDKs that enhance real-time audio and video experiences. Revolutionizing video production with AI VideoRequest, an NVIDIA Inception Program Partner, leverages the Maxine AI developer platform to provide advanced real-time video editing tools that allow…
The market rally in the altcoin sector, also known as altseason, could be delayed until 2025, depending on the key price levels of the world’s two largest cryptocurrencies.According to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom Fund, both Bitcoin (BTC) and Ether (ETH) need to reclaim key psychological levels for the altcoin sector to begin a bullish rally.Hayes wrote in a research note on August 12: “Alt szn will only come back after Bitcoin and Ether break $70,000 and $4,000 respectively. (…) A rally in Bitcoin and Ether by the end of the year, supported by…
One analyst claims that it could take months for Bitcoin (BTC) to bounce back and catch up with the price of gold.In an August 13 post, the founder of quantitative Bitcoin and digital asset fund Capriole Investments said that BTC price action still “looks promising.”According to a “rough rule of thumb,” Bitcoin lags goldBitcoin has been range-bound in recent months, disappointing on a macro level as other assets have surged.Before last week’s sell-off, both gold and U.S. stock indices were hitting record highs, but Bitcoin failed to keep up.Now Capriole’s Edwards says the wait may not be that long.Edwards uploaded…
Company • August 13, 2024 3:01 AM EDT Posted 1 minute earlier ~ in Bitcoin mining company BitDeere saw its shares fall 3.55% on the Nasdaq on Monday after reporting a net loss for the second quarter of this year.According to its latest earnings report, the Singapore-headquartered company reported a net loss of US$17.7 million in the second quarter of this year, compared to US$40.4 million in the same period last year..The miner’s total revenue increased to $99.2 million in the second quarter from $93.8 million in the same period last year. Gross profit increased 50.6% year over year to…
Helium is partnering with two U.S. carriers. Initial tests have yielded positive results. This move could decentralize network infrastructure. Large mobile network operators that control the infrastructure have long dominated the telecom industry. However, the shift to decentralization is accelerating thanks to new technologies such as the Helium decentralized infrastructure protocol running on the Solana network. Recently, Helium has partnered with two major U.S. carriers to test offloading mobile traffic to the Helium network, a move that, when fully implemented, will shift the network infrastructure to a more distributed model. Major US Telecoms to Leverage Helium’s Distributed InfrastructureThe new partnership…
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…
Lido Finance is integrating stETH into the BNB chain, making it the first cross-chain activity. This integration connects $23 billion TVL to BNB using Axelar and Wormhole. Lido remains the leading DeFi protocol with $25.94 billion TVL and 1 million validators. In a groundbreaking decision, the Lido Finance community has voted to integrate stETH (Staked Ethereum) into the BNB chain. The move, which was confirmed on August 9th through an on-chain vote by the Lido Decentralized Autonomous Organization (DAO), marks the first time Lido has connected to a Layer 1 blockchain outside of the Ethereum ecosystem. The approved integration leverages…