AWS will power OpenAI’s next-generation models in a $38 billion deal as the AI firm moves beyond Microsoft. Summary OpenAI signed a $38 billion deal with Amazon to get access to its computing AWS will use its UltraServers, powered by Nvidia GPUs, for OpenAI’s models Skeptics warn that similar deals [...]
Polygon’s sharp sell-off may be nearing its end as exchange reserves plunge and network activity rises, hinting at a quiet build-up toward recovery. Summary Polygon price is still under pressure after a sustained selloff. Exchange reserves have been dropping as on-chain activity surges. Falling supply and rising demand point to [...]
Crypto markets tanked on Monday, Nov. 3, after a wave of liquidations wiped out nearly $400 million in leveraged positions. Summary The total crypto market cap fell over 3% to $3.69 trillion $334.7 million in long liquidations led the market downturn. The Crypto Fear and Greed index still remains in [...]
Strategy added 397 Bitcoin, continuing its relentless accumulation strategy despite market volatility. The company said it sold $69.5 million in various stock classes to fund the $45.6 million purchase at an average price of $114,771 per BTC. Summary Strategy acquired 397 Bitcoin between Oct. 27 and Nov. 2, bringing its [...]
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In every industry, specialization eventually outpaces generalization. As the complexity of systems increases, the tools that thrive are not the ones that attempt to do everything at [...]
Bitcoin bled nearly a billion dollars alone last week, single-handedly driving a sector-wide flight of $360 million as Jerome Powell’s “not a foregone conclusion” remark cooled December rate-cut hopes. Summary Bitcoin investment funds saw $946 million in outflows last week, driving a total $360 million crypto retreat after Powell’s rate-cut [...]
Brussels is eyeing a Wall Street-style playbook as it pushes for a single regulator to oversee crypto exchanges and trading platforms across the EU. Summary The European Commission plans to expand ESMA’s powers to oversee crypto exchanges, stock markets, and clearing houses under a single EU framework. A draft proposal [...]
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Whales shift from ETH and SOL to Digitap, the fintech-crypto hybrid aiming to redefine real-world crypto utility. Summary Whales rotate from Ethereum and Solana into Digitap, a fintech crypto [...]
The week of October 26 to November 1, generated $169.73 million in crypto funding across 13 projects. Summary Hercle led weekly funding with $60M, followed by MegaETH’s $49.95M sale. Total crypto funding hit $169.73M across 13 projects this week. Bron, ZAR, and Standard Economics also secured multi-million dollar rounds. As [...]
Dash price has gone parabolic over the past few days, reaching its highest level since May 22 as demand for privacy tokens jumped. Summary Dash crypto price has gone parabolic and reached its 2022 highs. Its surge coincided with the ongoing demand for privacy tokens. The token also jumped as [...]
