Crypto News
Sam Bankman-Fried Courts Trump, Musk in Bid for Clemency
The jailed FTX co-founder is attempting to rebrand himself as a man wronged by a political system he now rejects.Source link
University of Tokyo Leverages NVIDIA for Energy-Efficient Seismic Research
The University of Tokyo is using NVIDIA's Grace Hopper Superchip to enhance energy efficiency in seismic research, achieving substantial computational performance improvements. (Read More)Source link
NVIDIA Unveils In-Game Inference SDK for Enhanced AI Characters
NVIDIA introduces the In-Game Inference SDK to integrate AI characters into gaming, enhancing realism through generative AI models for dynamic interactions. (Read More)Source link
Legendary Cypherpunk Claims Bitcoin Is in the ‘Early Stages’ of a Bull Market
Adam Back, a prominent cypherpunk mentioned in the Bitcoin whitepaper, remarked that while there has been some market consolidation due to profit-taking by certain investors, demand is clearly outpacing production, with ETFs and institutions like Strategy leading the way. Legendary Cypherpunk Turns Analyst: Back Claims Bitcoin Is Entering a New Bull Market Phase While bitcoinSource link
Crypto Market Faces Weak Demand, Needs Trump Initiatives to Kick In, JPMorgan Says
The cryptocurrency market is lacking positive catalysts in the near term, Wall Street bank JPMorgan (JPM) said in a report Wednesday.The correction in crypto markets in recent months has seen both bitcoin (BTC) and ether (ETH) futures near backwardation, which is a sign of lower demand, the report said. Backwardation occurs when the spot price of an asset is higher than the price trading in the futures market."This is a negative development and indicative of demand weakness by those institutional investors that use regulated CME futures contracts to gain exposure into these two cryptocurrencies," analysts led Nikolaos Panigirtzoglou wrote.If demand for bitcoin and ether futures is healthy, the futures cost more than the spot price, and the curve is said...