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Baidu is accelerating China’s domestic AI-chip production through its Kunlunxin subsidiary to counter U.S. export restrictions on Nvidia’s advanced GPUs, targeting a market valued at billions. This move supports AI training, cloud computing, and data centers amid surging demand. Baidu’s Kunlun chips are designed for high-performance AI tasks, including large language models and telecom workloads. […]
An early Ethereum ICO participant recently sold 20,000 ETH worth approximately $60 million, while top holders continue accumulating, with the largest 1% of addresses now controlling 97.6% of the supply amid renewed institutional inflows into U.S. spot ETH ETFs. Early ICO whale reduces holdings: A long-term holder from Ethereum’s 2014 ICO transferred $60 million in […]
The 2025 crypto downturn erased over $1.2 trillion in market value, driven primarily by shifting expectations on Federal Reserve rate cuts and reduced liquidity sentiment. Experts emphasize this is a non-systemic correction, highlighting Bitcoin’s sensitivity to macro forces rather than inherent crypto weaknesses. Bitcoin’s fixed supply makes it highly reactive to liquidity changes, as noted […]
The ORCA price experienced a sharp 25% decline to $1.32 amid an 856% surge in trading volume and a 69.22% increase in open interest, signaling heightened market volatility and speculative activity in the ORCA cryptocurrency. ORCA price retests key support: After breaking out of a multi-month descending wedge, the current dip to $1.22–$1.04 levels is […]
The Upbit hacker laundered stolen funds through the Railgun privacy mixer, evading its zero-knowledge checks due to outdated wallet data. This multi-chain exploit, involving over $36 million primarily in Solana assets, highlights vulnerabilities in mixer protocols and exchange security. Upbit Hack Overview: A sophisticated attack stole more than $36 million, focusing on Solana-based tokens swapped […]
Apple has challenged the European Commission’s potential classification of its Apple Ads and Apple Maps services as gatekeepers under the Digital Markets Act (DMA), arguing they do not meet dominance criteria despite meeting user thresholds. This could lead to stricter regulations if upheld, impacting advertising and navigation services across the EU. EU’s Digital Markets Act […]
The IMF highlights key tokenization risks, including deepened flash crashes from automated trading and market fragmentation due to non-interoperable tokens, despite benefits like faster, cheaper transactions. Governments may need to intervene to mitigate these exponential failure chains and ensure promised efficiencies are realized without excessive volatility. Tokenization risks include flash crashes amplified by stacked automated […]
Keeta [KTA] has surged over 15% amid heightened trading volume, driven by recent partnerships with payment giants and a Coinbase listing. This rally signals shifting market dynamics, with potential targets at $0.60 if momentum holds, though resistance looms near $0.40-$0.45. Keeta [KTA] price rally exceeds 15% in a day, with 70% volume spike, highlighting strong […]
The Trump family allegedly earned over $800 million from crypto sales in early 2025, according to a Democratic House Judiciary Committee report. This wealth accumulation, tied to ventures like World Liberty Financial and TRUMP memecoin, raises concerns about conflicts of interest and foreign influence in U.S. policy. Democratic report accuses Trump family of $11.6 billion […]