Nvidia to Manufacture AI Supercomputers in U.S., Opening Opportunities for Crypto Miners
Key updates in cryptocurrency tech development:
- Ethereum Privacy Initiatives: Ethereum developers are discussing core privacy enhancements to the network, asserting that privacy should be the default state. This follows sanctions on Tornado Cash and recent support from President Trump.
- Nvidia's AI Supercomputer Production: Nvidia plans to manufacture AI chips in the U.S., which may benefit crypto miners by allowing them to repurpose existing infrastructure for AI and high-performance computing.
- Optimum Secures Funding: Optimum, a blockchain memory layer project, raised $11 million in seed funding to improve data storage and access across blockchains, with backing from institutions like Harvard and MIT.
- Noble's AppLayer Launch: Noble introduced 'AppLayer', a platform for developers to create stablecoin applications on Celestia, enhancing financial tools for real-world assets.
In other news:
- Mantra's OM token plummeted below $0.45 amidst trading issues, prompting CEO John Mullin to propose a token burn to restore trust.
- Janover invested $10.5 million in Solana (SOL), expanding its holdings as its stock surged significantly.
- DWF Labs is investing $25 million in World Liberty Financial, linked to Donald Trump, as part of its expansion into the U.S. market.
Regulatory Updates:
- The SEC delayed decisions on key features for spot crypto ETFs, including in-kind redemptions for WisdomTree and VanEck funds.
- OKX is expanding its presence in the U.S. with a new headquarters in California.
- Google will restrict crypto ads in the EU to licensed firms under the MiCA regulation starting April 23.
Upcoming Events:
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- May 14-16: Consensus, Toronto
- June 30-July 3: EthCC, Cannes