Ethereum (ETH) futures open interest surged to an all-time high of 9 million ETH as of January 17. This milestone follows a 10% increase in open interest over two weeks, reflecting a growing appetite for leveraged positions despite a retest of Ethereum’s $3,000 support on January 13. Now traders are questioning whether this move is a sign of growing bullish sentiment or rising market volatility. .Ether futures aggregate open interest in ETH. Source: CoinglassBinance, Bybit, and Gate.io collectively control 54% of the market, with the Chicago Mercantile Exchange (CME) trailing by $3.2 billion, or 10% of open interest, according to…
Author: Crypto Flexs
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Orbiter Finance, a cross-chain bridge protocol, plans to airdrop its governance token, OBT, to users on January 20th to coincide with Donald Trump’s inauguration. Orbiter announced that its native token, OBT, will be launched on the day of Trump’s inauguration to reward early supporters and encourage cross-chain token trading. Like many ERC-20 tokens, OBT will debut with staking and governance features. A total supply of 10 billion tokens will be launched on Ethereum (ETH), with additional issuance planned on ETH-based scaling networks such as Arbitrum (ARB) and Base. The project has allocated 40% of the total supply of OBT to…
Solana (SOL) has surged nearly 7% in the past 24 hours due to rising market sentiment and increasing speculation about a possible approval of the Solana ETF. As investor enthusiasm grows, SOL’s momentum aligns with broader cryptocurrency trends, fueling optimism about future growth.Solana (SOL) has seen a strong rise over the past 24 hours. Source: CoinGeckoSolana’s upward momentum is supported by 24-hour trading volume of $6.33 billion, reflecting increased market activity and investor participation.The cryptocurrency market is shifting towards altcoins, with assets like Solana gaining momentum. The Altcoin Seasonal Index rose 10 points this week to 55/100, indicating stronger performance…
just alvin January 17, 2025 09:08 NVIDIA’s JetPack 6.2 update significantly improves the AI performance of Jetson Orin Nano and NX modules by introducing Super Mode, enhancing the capabilities of edge AI applications. NVIDIA has released JetPack 6.2, which introduces Super Mode functionality to the Jetson Orin Nano and Jetson Orin NX modules to significantly leap forward the AI capabilities of edge devices. According to NVIDIA, the update promises up to a 2x improvement in AI performance, setting a new benchmark for generative AI on small devices. Super Mode: A New Era of Edge…
Cryptocurrencies have transformed the way we think about finance, opening up new avenues for investment and innovation. Among the standout projects making waves: drug creditsA token that combines sustainability, accessibility, and reward opportunities for holders. Built on the Stellar blockchain, DOPE Credits is designed to provide seamless staking with consistent and attractive rewards. In this blog post, we will look at the unique features of DOPE Credits, how they work, the benefits of staking, and why it is an exciting opportunity for cryptocurrency enthusiasts and investors alike.What are DOPE Credits and on which blockchains are they used?DOPE credit is Stakingable…
Barcelona, Spain, January 17, 2025, Chainwire EU-licensed service provider Vottun’s latest drive to drive blockchain innovation through its ‘Code-to-Earn’ model aims to onboard the next million developers to Web3. Vottun, which is backed by Draper, Macclin Capital and Nebula Ventures, expects to significantly increase its number of developers from 3,000 to 20,000, with a particular focus on attracting talent from emerging economies. Vottun, a multichain developer platform, announced the launch of its tokenized ‘code-to-earnings’ platform to empower the next million Web3 developers to easily build the next generation of dApps. By eliminating the need for blockchain expertise and encouraging innovation,…
Peter Jang January 17, 2025 13:21 Open Campus is leading the layer 3 blockchain space with the introduction of the EDU Chain mainnet on Arbitrum Orbit, boasting a total fixed value of $150 million. Open Campus, a community-led decentralized autonomous organization (DAO) focused on building an on-chain education network, has successfully launched the EDU Chain mainnet. This new development positions EDU Chain as a strong player in the blockchain space, especially in the education sector, with a total value at lock (TVL) of $150 million. According to Animoca Brands, the mainnet launch announced by…
BNB price is consolidating above the $700 support area. The price is consolidating and could target a fresh rally above the $720 resistance. BNB price is struggling to break the $720 resistance zone. The price is currently trading above $700 and the 100-hour simple moving average. On the hourly chart of the BNB/USD pair, there is a major bullish trendline with support at $708 (data source from Binance). The pair needs to remain above the $700 level to initiate another increase in the near future. BNB price aims higher After a downward correction, BNB price found support at $690. Currently,…
Crypto trader and analyst Ali Martinez is predicting a triple-digit rally for XRP while providing insight on two other altcoins. Martinez told his 113,700 followers on social media platform X that XRP could surge 200% from current levels. Citing on-chain data, the trader says the third-largest cryptocurrency asset by market capitalization is currently experiencing heavy demand. “On-chain data shows that whales have been accumulating a lot of XRP. Over 1.1 billion XRP were purchased last week alone. This buying pressure is building momentum. XRP broke out of its typical bullish pattern, the bull pennant. “If buying pressure continues, it could…
jack anderson January 17, 2025 14:11 NVIDIA introduces new KV cache optimizations in TensorRT-LLM to improve the performance and efficiency of large-scale language models on GPUs by managing memory and compute resources. In a significant development for AI model deployment, NVIDIA has introduced new key-value (KV) cache optimizations to its TensorRT-LLM platform. According to NVIDIA’s official blog, these enhancements are designed to improve the efficiency and performance of Large Language Models (LLMs) running on NVIDIA GPUs. Innovative KV cache reuse strategy The language model uses key and value elements as historical context to predict…