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Chinese tech giant Huawei has reportedly developed a powerful artificial intelligence chip that could rival high-end processors from US chip maker Nvidia.The Shenzhen-based Huawei is poised to start testing a new AI chip called the Ascend 910D, and has approached local tech firms, which are slated t…
The Federal Reserve is an independent bank and government-sponsored enterprise (GSE), not an agency or office of the federal government. So, the president and Congress cannot dismiss the Fed chair and appoint a new one to enact the monetary policies they support.The Fed is set up to be an independen…
Whales and large institutions continue their aggressive Bitcoin accumulation, with Strategy hinting at another Bitcoin investment that may be announced on Monday.Strategy co-founder Michael Saylor hinted at another imminent Bitcoin investment on April 27, a week after the firm acquired $555 million…
SafePal will host an AMA on X on April 28th at 14:00 UTC. The event will feature guests from Viction and Monad discussing recent developments in the industry. Refer to the official tweet by SFP: We know it’s not been long since our last AMA…But we missed you frens 🫂So we’re back—this time wi…
Kava.io will release a platform upgrade in April. KAVA InfoKava.io is a decentralized finance (DeFi) platform that operates on the Cosmos network, leveraging the power and flexibility of blockchain technology to facilitate crypto-based financial services. KAVA, its native cryptocurrency, plays a vit…
Touted as a potential Ethereum killer on its way up in the 2020-24 market cycle, Solana would still have a way to go to flip Ether’s market cap. Regardless, it has gone a long way in that direction as SOL boosters promised.Over the last year, Bitcoin has outpaced Solana gains as SOL is going through…
Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 billion in inflows this week, marking the first full week of consecutive inflows in five weeks.On April 25, the 11 spot Bitcoin ETFs saw $380 million in inflows, bringing the total for the week to around $3.06 billion over fi…
After a worrying start to the month, Ethereum finally showed signs of recovery as April progressed. The altcoin climbed to nearly $1,830 a few days ago before facing a small correction.In the backdrop of this uptrend, the Ethereum network fundamentals appear to be heating up.Active Addresses SurgeCr…
Bitcoin has spent the majority of the past 24 hours on a notable rally that saw it price peak at an intraday high of $94,320. This rally marks an interesting change from the tight consolidation range between $80,000 and $85,000 that had defined Bitcoin’s trajectory through much of April. Behind this…
Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April.In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation…
Japanese investment firm Metaplanet announced the acquisition of a further 145 BTC on Thursday, bringing its total holdings to the 5,000 BTC milestone — currently worth $460 million."We have reached 50% of our initial goal of 10,000 BTC by the end of 2025," Metaplanet CEO Simon Gerovich posted on X.…
Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023.Exchange balances continue to plumb new multiyear lows.Whales are particularly active buyers this month, while retail shows classic “panic selling.”Bitcoin exchanges ar…