Bitcoin, Ethereum ETF trading volume soars to nearly $6 billion BTC and ETH have bounced slightly over the past 24 hours. Bitcoin (BTC) and Ethereum (ETH) experienced notable price declines in the last trading session, breaking through key support levels. Despite these price declines, trading volumes within each of the exchange-traded funds (ETFs) surged in contrast, reaching impressively high levels. Bitcoin, Ethereum ETF Trading Volumes Hit All-Time Highs Recent data from Coinglass highlights the significant increase in trading volumes for Bitcoin and Ethereum ETFs, with these assets totaling close to $6 billion in the last trading session. Bitcoin ETFs took…
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Felix Pinkston Aug 6, 2024 18:44 NVIDIA’s TensorRT-LLM and Triton Inference Server optimize the performance of a large-scale Hebrew language model to overcome unique linguistic challenges. Developing a high-performance Hebrew large-scale language model (LLM) presents a distinct challenge due to the complex nature of Hebrew. The complex structure of Hebrew, combined with the lack of capitalization and frequent absence of punctuation, complicates sentence segmentation and accurate text processing. The Challenges of Hebrew Language Processing Hebrew words are formed by combining roots and patterns, and depending on the context, a single word can have multiple…
Futu Securities Launches Commission-Free Bitcoin and Ethereum Trading in Hong Kong New users can receive incentives such as Bitcoin, Alibaba, or Nvidia stock. Futu has applied for a cryptocurrency exchange license for PantherTrade amid Hong Kong’s cryptocurrency woes. Hong Kong’s largest online broker, Futu Securities International, has taken a major step forward in the financial services sector by launching retail cryptocurrency trading in the city. Known for its extensive reach and innovative offerings, the brokerage now allows residents to trade Bitcoin and Ethereum on its platform. The initiative comes after a partnership with HashKey Exchange, one of the only two…
The Ether (ETH) price plunged 33.9% from $3,203 on August 2 to $2,188 on August 5, reaching a seven-month low. The plunge followed a broader market correction in the cryptocurrency sector. However, with the Ether price recovering 23.7% from its August 5 low in less than 36 hours, traders are now questioning whether Ether can ever reclaim $3,000.What does the market think about ETH?To understand whether the rebound from the lows on August 5 is sustainable, it is essential to analyze what triggered the initial price decline. Some analysts suggest that the Japanese stock market began selling off after the…
Bernstein Analyst Gautam Chhugani, Mahika Sapra, and Sanskar Chindalia have provided insight into when Bitcoin price could turn bullish again and hit new highs. The analysts also Former US President Donald Trump It could influence the future direction of Bitcoin. When Bitcoin Price Turns Bullish Again Bernstein analysts noted in an August 5 research note that as stock markets recover, they expect bitcoin and the broader cryptocurrency market to recover as well. Federal Reserve SystemThey expect this response to take the following form: Interest rate cut Inject more liquidity into the economy. These analysts noted that the recent cryptocurrency market…
Clicker games are about to take a ‘significant’ downturn. Andrew Saunders, chief growth officer at SKALE Labs, said clicker games like Catizen and Tapswap would likely lose their appeal if the current batch of tokens were released, as the games would likely not be able to sustain the hype. Sanders told Web3 Gamer that many people are flocking to cryptocurrency idle clicker games (also known as tap speculation games) because of “airdrop speculation,” meaning they are hoping to make massive crypto profits later on through airdrops. Clicker games are the latest phenomenon in crypto, and some of these simple games…
Hut 8, a Bitcoin mining company and energy infrastructure company, announced Tuesday that it will hire a new chief financial officer later this month.Sean Glennon will become Hut 8’s new CFO, effective August 21. Shenif Visram is stepping down from his role for family reasons, but will remain with the company until Glennon takes over to oversee an orderly transition.“We are excited to welcome Sean to the organization as we continue to execute on our power-first thesis,” said Asher Genut, Hut 8 CEO. “Shaun brings a wealth of strategic, financial and capital markets knowledge, and along with his relationship roaddex…
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Louisa Crawford 06 Aug 2024 15:33 The UK’s Operation Cronos, in collaboration with international partners, successfully dismantled LockBit, the world’s most widespread ransomware ecosystem, highlighting the importance of international cooperation in cybersecurity. According to Chainalysis, the UK’s National Crime Agency (NCA) successfully dismantled LockBit, the world’s most prolific ransomware ecosystem, through Operation Cronos. This sophisticated takedown was accomplished in collaboration with international law enforcement and industry partners, and marks a significant milestone in the fight against ransomware. Ransomware Network Infiltration Operation Cronos was led by William Lyne, the NCA’s cyber intelligence officer, and Phil…
Logan Paul I sued Coffeezilla Indicted on defamation charges in June Cryptocurrency. Coffeezilla believes this lawsuit will stop the investigation into another of Logan Paul’s companies, Liquid Marketplace. that much Ontario Securities Commission I opened it inspection ~ inside Liquid Marketplace. According to Chainalysis, cryptocurrency crime will reach a whopping $24.2 billion by 2023, with fraud accounting for a significant portion of that figure. Common cryptocurrency-related scams include romance, phishing attacks, pump-and-dump scams, and false promises of guaranteed returns. Logan Paul’s CryptoZoo project was denounced as a scam by those who bought tokens and NFTs, but the game never came…