VanEck to close Ethereum Futures ETF (EFUT) by September 16, 2024 EFUT has had lower asset accumulation compared to VanEck’s spot Ethereum ETF. In general, Ethereum is struggling with competition, network revenue, and declining fees. VanEck plans to close its Ethereum Strategy ETF (EFUT) by September 16, 2024, and liquidate it by September 23. Launched in October 2023, EFUT has struggled with underperformance and underperformance compared to VanEck’s more successful spot Ethereum ETF (ETHV). Strategic Rebalancing VanEck’s move to close the EFUT ETF comes as part of a strategic review of its ETF offerings. Launched in October 2023, EFUT was…
Author: Crypto Flexs
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XRP (XRP) has lagged the overall cryptocurrency market so far in 2024, down more than 15% since the start of the year, while all other assets have gained around 20% over the same period. However, a mix of fractal and technical indicators show that XRP price is likely to see a significant rebound in the coming weeks.XRP’s bullish reversal setup implies 100% profit.XRP’s weekly chart is showing signs of a potential bullish reversal, with an inverse head and shoulders pattern forming. The technical setup features a left shoulder that formed between May and December 2022, a head in June 2023…
POL’s active addresses and total holders have seen exponential growth. The POL transition has caught the attention of many users, and some analysts are expecting the transition. Over the past few months, many in the cryptocurrency market have been eagerly anticipating Polygon’s MATIC to POL upgrade. As previously reported by AMBCrypto, the MATIC to POL migration officially began on September 4, 2024. This transition means that MATIC has been upgraded to POL as Polygon’s network token. In simple terms, all transactions that occur on Polygon PoS now use POL as the underlying gas token. Now, this shift may have breathed…
Rebecca Moen Sep 07, 2024 07:01 NVIDIA has leveraged generative AI models to optimize circuit design, significantly improving efficiency and performance. Generative models have made significant progress in recent years, from large-scale language models (LLMs) to creative image and video generation tools. According to the NVIDIA Technical Blog, NVIDIA is now aiming to apply these advances to circuit design to improve efficiency and performance. Complexity of circuit design Circuit design presents a challenging optimization problem. Designers must balance multiple conflicting objectives, such as power consumption and area, while meeting constraints such as timing requirements.…
Dog-themed Mimecoins are surging following the mysterious return of Keith Gill, aka “Roaring Kitty,” the man credited with triggering the GameStop short squeeze.After a two-month hiatus, Gil returned to social media with a cryptic X post depicting the Solana-based meme coin CHWY. Gil shared the image below in his X post on September 6.Roaring Kitty, Chewy Post. Source: Roaring KittyFollowing the cryptic post, Chewy’s price rose by about 28% against Solana (SOL) to trade above $0.011, according to CoinMarketCap data.CHWY/SOL, 1-h chart. Source: CoinMarketCapMemecoins like Chewy have no fundamental technical utility and are driven primarily by social sentiment. Even an…
In short Here are the X Empire Stock Exchange Daily Combos and Riddle Answers for Saturday, September 7th. X Empire is a popular Elon Musk-themed Telegram tap-to-win cryptocurrency game. The developers plan to launch tokens on The Open Network (TON) and airdrop them to players as rewards. X Empire (formerly Musk Empire) is one of the latest. Telegram-based taptouring game It is gaining steam ahead of its plans to airdrop tokens to players. The game is largely built on a popular template, but hamster combatThe film has a proven appeal: it’s all about Elon Musk.Tap on Elon’s cartoon version to…
Terryl Dickey Sep 07, 2024 08:10 AI-powered customer service tools are transforming industries by increasing agent productivity, automating interactions, and improving customer satisfaction. Customer service departments across industries are turning to AI-based software solutions to cope with increasing call volumes, high agent turnover, and changing customer expectations. According to the NVIDIA Blog, these solutions are designed to increase agent productivity, automate interactions, and gather insights to optimize operations. Benefits of AI in Customer Service By strategically deploying AI, enterprises can transform customer interactions through intuitive problem solving, leading to greater operational efficiency and improved…
The Terra Classic community previously voted to increase the LUNC burn tax rate. Genuine Labs has shared an important update regarding the activation of Tax2Gas. The shuttle bridge has been temporarily reopened as more fires are expected to rage in the community. Last month, the community behind the Terra Luna Classic (LUNC) blockchain voted almost unanimously to implement a groundbreaking upgrade: the Tax2Gas mechanism, which is crucial for chain growth and eliminates the need to manually calculate LUNC burn taxes.The long-awaited LUNC Burn tax hikeThe Critical Chain Upgrade accelerates the LUNC Burn Tax Rate from 0.5% to 1.5%. The 1.2%…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.Today (Thursday) was an interesting day for token prices. We often highlight three major factors that will drive cryptocurrency prices in 2024: political and regulatory uncertainty, macroeconomic trends, and market trends. Today, macroeconomic trends took center stage, driving the market higher early in the session and then lower again towards the end of the day.Bitcoin Bitcoin -3.90% It largely reflected global stocks and other…
Jessie A Ellis Sep 07, 2024 08:39 NVIDIA’s NVSHMEM 3.0 improves GPU communication by providing multi-node support, backward compatibility with ABI versions, and CPU-assisted InfiniBand GPU Direct Async. NVIDIA has announced the release of NVSHMEM 3.0, the latest version of its parallel programming interface designed to facilitate efficient and scalable communication across NVIDIA GPU clusters. Part of NVIDIA Magnum IO and based on OpenSHMEM, the update aims to improve application portability and compatibility across platforms, according to the NVIDIA Technical Blog. Support for new features and interfaces NVSHMEM 3.0 introduces several new features, including…