Nvidia Data Center Dominates Amid AI Boom
Over $22.6 billion of Nvidia Corp.’s $26 billion in total revenue came from data center sales, setting a record for the artificial intelligence (AI) chip manufacturer. “The next
FTX Pushes Debt Claim Deadline to Streamline Bankruptcy Plan
Key Insights: FTX Digital Markets has announced an extension to the deadline for creditors to submit proof of debt claims. Initially set for May 15, 2024, the new
Bitcoin Mining Difficulty Drops to Lowest Point Since December 2022
Key Insights: Bitcoin mining difficulty has decreased by 5.63%, reaching its lowest level since December 2022. The difficulty level now stands at 83.15 trillion, a drop that aligns with
Positive M2 Money Supply Spurs Optimism in Bitcoin Market
Key Insights: Recent developments in the U.S. financial indicators have sparked a renewed interest in Bitcoin among traders and investors. The M2 money supply, which measures cash and
Coinbase Q1 Earnings Face Differing Crypto and Analyst Predictions
Key Insights: As the first quarter of 2024 draws to a close, Coinbase is preparing to release its financial results. This presents a unique scenario where the crypto
Ethereum Positioned for Growth with the Introduction of US Bill
Key Insights: A recent draft bill in the United States aimed at regulating stablecoins has been met with mixed reactions from the cryptocurrency community. The bill, which seeks
Sam Bankman-Fried Files for Appeal in Fraud Case
Key Insights: Sam Bankman-Fried, the founder of the now-bankrupt FTX cryptocurrency exchange, has taken a significant legal step by filing an appeal against his conviction and the consequent
Bitcoin Realized Cap Reaches New Heights Amidst Market Volatility
Key Insights: The cryptocurrency market has been a whirlwind of activity, with Bitcoin (BTC) at the center of attention. Despite a recent correction of over 10% from its
Tether Expands into AI, Launching Tether Data for Industry Leadership
Key Insights: Tether, a dominant entity in the cryptocurrency sector recognized for its substantial influence through the issuance of USDT, the world’s most prominent stablecoin, is broadening its
Ether’s Market Dips Despite Strong Futures Market Confidence
Key Insights: In a week marked by turbulence, Ether witnessed a dramatic 20% plunge in its market value. This downturn brought the digital asset down to a precarious