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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is once again facing critical conditions, with the price retesting the range lows near $110,000 following a volatile and uncertain weekend. After Friday’s massive crash, which wiped out billions in leveraged positions, bulls are struggling to regain control and establish a stable recovery. The broader market remains cautious, as traders weigh whether the current level can hold or if another wave of selling could push prices lower. Despite the pressure, some analysts see potential signs of resilience if Bitcoin can maintain support in this zone. According…

Oracle and NVIDIA have expanded their partnership to make enterprise AI services more available, powerful, and practical. The announcements, made during Oracle AI World, cover everything from monstrously powerful new hardware to deeply integrated software that aims to put AI at the very core of a company’s data.Ian Buck, VP of Hyperscale and High-Performance Computing at NVIDIA, said: “Through this latest collaboration, Oracle and NVIDIA are marking new frontiers in cutting-edge accelerated computing—streamlining database AI pipelines, speeding data processing, powering enterprise use cases and making inference easier to deploy and scale on OCI.”The headline announcement is the new OCI Zettascale10…

In brief Bridge, Stripe’s stablecoin arm, has applied to the OCC to form a national trust bank under the GENIUS Act. The charter would place its stablecoin issuance and reserves under a unified federal framework. Bridge joins Circle, Paxos, Ripple, and Coinbase in seeking federal trust bank approval. Bridge, the stablecoin infrastructure arm of Stripe, has submitted an application to the Office of the Comptroller of the Currency to organize a national trust bank as competition in the sector continues at a steady pace.Once approved, the charter would allow Bridge “to operate under a unified federal framework consistent with the…

The International Criminal Police Organization, or Interpol, announced more than a thousand arrests and the seizure of about $100 million as part of a crackdown that included cryptocurrency miners and fraudsters.In a Friday notice, Interpol said it had coordinated with authorities in Angola to dismantle 25 crypto mining centers being illegally run by 60 Chinese nationals. The organization said it had seized equipment worth more than $37 million, which the Angolan government plans to distribute to “vulnerable areas.” The mining crackdown in Angola was part of a cybercrime operation across African countries, resulting in the arrest of 1,209 people and the…

Today in crypto, the US Justice Department is moving to forfeit 127,271 Bitcoin, worth about $14.4 billion, tied to a fraud case. Meanwhile, US spot Bitcoin and Ether ETFs started the week with more than $750 million in outflows after Friday’s crash, and Bhutan migrated its national ID system from Polygon to Ethereum.US gov’t could add $14B to crypto reserves as part of forfeiture caseA US federal court has unsealed a criminal indictment involving a massive fraud scheme that could result in the government increasing its national Bitcoin reserves by $14 billion.In a Tuesday notice from the US Justice Department, authorities…

Binance holds a 67% stake in Gopax, acquired in February 2023. A $4.3 billion US settlement eased regulatory concerns in South Korea. Gopax faced a $47 million liquidity shortfall linked to Genesis Global Capital. South Korea is moving closer to allowing Binance back into its crypto market after nearly two years of uncertainty. The Financial Intelligence Unit (FIU) has resumed its examination of Binance’s controlling stake in the domestic exchange Gopax, signalling that the world’s largest crypto platform may soon regain a foothold in one of Asia’s most tightly regulated markets. The process centres on an executive-change filing that acts…

Ethereum’s market sentiment continues to struggle following last Friday’s market crash, despite gradual signs of broader market improvement. As institutional investors reduce participation, spot market participants have also trimmed their holdings. This could result in continued consolidation or a definitive breakdown of the critical $4,000 resistance level around which the coin currently trades.Sponsored SponsoredEthereum Market Hits Pause Amid Record ETF RedemptionsETH-backed exchange-traded funds (ETFs) have recorded significant outflows since last Friday’s market-wide liquidation event. According to data from SosoValue, these funds registered $428.52 million in outflows on Monday. For token TA and market updates: Want more token insights like this? Sign up for…

Today in crypto, US spot Bitcoin and Ether exchange-traded funds (ETFs) opened the week with over $750 million in outflows after last Friday’s massive crypto crash, Bhutan migrated its national ID system from Polygon to Ethereum, and California enacted a new law setting guardrails on AI chatbots.US spot Bitcoin, Ether ETFs shed $755 million after crypto market crashSpot Bitcoin and Ether ETFs in the United States saw combined outflows of more than $755 million on Monday following record crypto liquidations over the weekend.Bitcoin (BTC) ETFs recorded a net outflow of $326.52 million, according to SoSoValue data. Fidelity’s Wise Origin Bitcoin…

Walk into a typical data center and one of the first things that jumps out at you is the noise—the low, buzzing sound of thousands of fans: fans next to individual computer chips, fans on the back panels of server racks, fans on the network switches. All of those fans are pushing hot air away from the temperature-sensitive computer chips and toward air-conditioning units.But those fans, whirr as they might, are no longer cutting it. Over the past decade, the power density of the most advanced computer chips has exploded. In 2017, Nvidia came out with the V100 GPU, which…

Researchers at the Massachusetts Institute of Technology (MIT) are gaining renewed attention for developing and open sourcing a technique that allows large language models (LLMs) — like those underpinning ChatGPT and most modern AI chatbots — to improve themselves by generating synthetic data to fine-tune upon. The technique, known as SEAL (Self-Adapting LLMs), was first described in a paper published back in June and covered by VentureBeat at the time.A significantly expanded and updated version of the paper was released last month, as well as open source code posted on Github (under an MIT License, allowing for commercial and enterprise…