Author: NBTC
The possibility of text-to-video generation excites the crypto market, and AI tokens rose when OpenAI first unveiled a demo of Sora But to make this mainstream the compute power will be staggering. More server-grade H100 GPUs will be required than Nvidia produces in a year, or what its largest customers run in their data centers collectively. How many Graphics Processing Units (GPUs) will be required to make text-to-video generation mainstream? Hundreds of thousands – and more than are currently in use by Microsoft {{MSFT}}, Meta {{META}}, and Google {{GOOG}} combined. The first demo of OpenAI’s text-to-video generator Sora amazed the…
In an era where digital currencies continue to defy expectations, Bitcoin (BTC) is setting the stage for what could be its most remarkable achievement yet. Leading crypto analyst Crypto Over has stirred the market with their latest Bitcoin price prediction, asserting that BTC is on track to breach the $100,000 mark within the next 21 days. Crypto Rover, renowned for their acute analysis and market predictions, shared that those in the know understand the pattern that once Bitcoin surpasses its all-time high (ATH), it typically reaches the 1.618 Fibonacci extension, which is around $102,134, within a span of 21 days.…
A cryptocurrency wallet identified as 0xaa1 and associated with the Ethereum name “czsamsunsb.eth” capitalized on the sudden de-pegging of $EZETH (Renzo Restaked ETH), netting approximately 193 Ethereum (ETH), valued around $600,000. This profit was accrued in four hours due to active trading following the de-pegging event. This financial maneuver began when EZETH lost its peg to the standard Ethereum value due to reportedly inadequate liquidity on the Uniswap exchange platform. Wallet 0xaa1 (linked to “czsamsunsb.eth”) made 193 $ETH (~$600K) in only 4 hours after $EZETH (#Renzo Restaked ETH) lost peg!So far, the whale has swapped 4,499 $ETH for 4,692 $EZETH…
Hong Kong regulators approved ETFs by Harvest Global Investments, China Asset Management and a jointly managed product of Bosera Asset Management and HashKey Capital. The products could start trading on April 30, Bloomberg reported Management fees of the ETFs are lower than previously thought, one analyst noted Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. The Securities and Futures Commission (SFC) gave the nod Tuesday to spot-based bitcoin…
While there is a decline in altcoins, led by Bitcoin (BTC), whales, turning the declines into opportunities, are pursuing new purchases. At this point, there was whale activity on the Maker DAO (MKR) front, which is generally on the whales’ radar. According to Spot on Chian’s post, five new wallets purchased 2,650 MKR from Binance, worth $9.52 million. While these wallets have already generated a profit of $619 thousand, the wallets are thought to belong to a single institution. While 5 new wallets purchased MKR, a wallet affiliated with Maker DAO also transferred 505 MKR worth $1.91 million to Wintermute.…
Sky-high Bitcoin ETF flows and several price rallies mean that the next Bitcoin halving is now projected to take place on April 15—not the meme-friendly 4/20 that it once was. That’s bad news for meme fans who liked the idea of celebrating the halving and their affinity for weed on the same day. But it’s also good news and a telling indication of trader sentiment. Just a month ago—on Valentine’s Day, no less—Decrypt wrote about the very meme-friendly hypothetical situation that Bitcoin might reach $69,000 and have its halving occur on 4/20. Bitcoin hit that price target on March 5.…
The Ethereum (ETH) price has recently found support at the 0.382 Fibonacci level, around $2,867, prompting a bullish rebound. This development raises the question: Could this mark the conclusion of the correction? ETH has undergone a pronounced corrective phase over the past few weeks. However, the recent bounce from significant support levels suggests a potential reversal in this trend. Ethereum’s Quick Recovery from 0.382 Fib Support at $2,867 The Ethereum price recently rebounded from the 0.382 Fibonacci support level around $2,867. After an initial bounce, it retraced back to this support level. However, Ethereum experienced a sustained upward trajectory during…
Tevaera has successfully concluded a $5 million investment round orchestrated by Laser Digital, a branch of Nomura Group. This capital infusion, supported by a coalition of leading investors, is set to fuel the company’s endeavor to establish a comprehensive gaming ecosystem leveraging the zkSync ZK Stack. Nearly two years of intensive development on zkSync culminated with this financing, positioning Tevaera as a frontrunner in adopting a game-IP-first strategy. This approach tackles existing obstacles within the web3 gaming infrastructure, aiming to streamline and enhance user experience. 1/ Tevaera is pleased to announce a $5M fundraise led by Laser Digital, Nomura Group,…
Swan Chain’s EVM-compatible Layer 2 network combines Filecoin’s decentralized storage solution with artificial intelligence and zero-knowledge marketplaces, revolutionizing AI and Web3. Since launching its testnet, the network has processed over 125 million transactions for 22 million wallet addresses, with its community across multiple interactive channels skyrocketing. A blockchain network lives and dies by the strength of the projects building on its infrastructure, and by this metric, Filecoin is thriving. Several projects are attracting millions while leveraging its decentralized storage solutions, with Swan Chain being one of the standouts. Swan Chain is a Layer 2 network compatible with the Ethereum Virtual…
The notional open interest in CME’s bitcoin futures has risen past the $10 billion market for the first time. CME’s futures market is now bigger than the market cap of litecoin, bitcoin cash and other top 25 cryptocurrencies. The Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures market is busier than ever. On Friday, a record 28,899 standard futures contracts were open or active on the CME. That amounts to a notional open interest of $10.3 billion at bitcoin’s going market rate of around $71,500. The standard contract, sized at 5 BTC, is widely considered a proxy for institutional activity. Meanwhile,…