Crypto News
Dell Technologies and NVIDIA Collaborate to Propel AI Factories with Blackwell
Dell Technologies partners with NVIDIA to enhance AI server capabilities using Blackwell, aiming to meet the growing demand for AI technologies across various industries. (Read More)Source link
U.S. Trade Court Ruling Sends 30-Year Treasury Yield Above 5%
U.S. Treasury yields are climbing swiftly, with the 30-year yield rising back above 5% and the 10-year jumping to 4.50% after the U.S. Court of International Trade ruled President Donald Trump's key tariff measures illegal. The court said Congress had exclusive authority to regulate trade with other countries, and the president exceeded his authority by invoking emergency economic powers not intended for imposing broad trade levies, according to news service reports. While Wednesday's ruling nullifies the general 10% and reciprocal duties, it does not affect sector-specific tariffs like those on steel or autos. The administration said it plans to appeal the ruling.Over the past two sessions, the 10-year yield has rise from 4.40%, underscoring how sensitive the bond market remains...
Conflux (CFX) Announces Closure of FC Withdrawal Services
Conflux (CFX) is set to end its FC token withdrawal services by June 30, 2025, transitioning remaining tokens to CFX through a one-way swap. (Read More)Source link
Bolivia Bans State Oil Company From Using Crypto for Energy Settlements
Luis Arce, the President of Bolivia, signed an executive order prohibiting the use of cryptoassets for energy purchases, aiming to curb speculation surrounding cryptocurrencies and stablecoins on exchanges like Binance. Bolivia Issues Executive Order to Ban Crypto From Energy Settlements Bolivia, a country that has recently shown several positive signs of integrating crypto into itsSource link
XRP Army Is Truly Global As CME Data Reveals Nearly Half of XRP Futures Trading Occurs...
The CME's recently launched XRP XRP futures underscore the cryptocurrency's international appeal, with nearly half of its trading volume occurring outside U.S. trading hours.The regulated XRP futures – standard and micro-sized contracts – began trading on the global derivatives giant a week ago, registering a total trading volume of 4,032, worth $86.6 million in the first six trading days, the exchange's spokesperson told CoinDesk.The spokesperson highlighted that "46% of the volume occurred during non-U.S. hours" and nearly half of the trading comes from participants outside the U.S.The data suggest strong international participation in the futures market. XRP is a payments-focused cryptocurrency primarily designed for fast and low-cost cross-border payments. Ripple, a financial technology company, uses XRP and the XRP Ledger...