Author: WebDesk

Zach Anderson Jul 04, 2025 02:37 CoreWeave becomes the first AI cloud provider to deploy NVIDIA’s GB300 NVL72 systems, enhancing AI performance and expanding its cloud capabilities. CoreWeave, a leading name in AI cloud solutions, has announced a significant technological advancement by becoming the first hyperscaler to deploy NVIDIA’s latest GB300 NVL72 platform. This move marks a substantial leap in AI performance, as the platform is designed to enhance AI reasoning and agentic workloads, offering up to a tenfold boost in user responsiveness and a fivefold improvement in throughput per watt compared to…

Rebeca Moen Jul 04, 2025 02:17 Riot Platforms, Inc. reveals its June 2025 Bitcoin production and operational metrics, showcasing a strategic focus on power efficiency and grid stability according to the latest updates. Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining industry, has released its production and operations update for June 2025. These updates highlight the company’s strategic focus on efficiency and grid stability through its power management strategies, according to Riot’s official announcement. Bitcoin Production and Operations In June 2025, Riot produced a total of 450 Bitcoins, marking…

Caroline Bishop Jul 04, 2025 01:41 Glassnode’s new Leverage Position Openings and Closures (LPOC) metrics provide insights into crypto leverage trends by analyzing price and open interest, offering a comprehensive view of market dynamics. Glassnode has introduced its Leverage Position Openings and Closures (LPOC) metrics, offering a novel approach to understanding leverage dynamics in cryptocurrency markets. By focusing on the interplay between price and open interest, LPOC provides insights into market trends and trader positioning, according to Glassnode. Understanding Leverage Dynamics in Crypto The LPOC metrics aim to overcome the limitations of traditional…

A sweeping crypto tax overhaul promises to unlock everyday digital asset use by slashing compliance burdens, exempting small transactions, and aligning crypto with traditional finance rules. De Minimis Rule Aims to Eliminate Tax Headaches for Small Crypto Payments Tax policy momentum is building as lawmakers aim to dismantle outdated financial frameworks that hinder digital innovation […] Credit: Source link

Solana (SOL) price experienced heightened bearish sentiment during the second quarter and has since approached a crucial crossroads. The large-cap altcoin, with a fully diluted valuation of about $92.3 billion and a 24-hour average traded volume of around $4.6 billion, dropped around 3.2 percent in the last 30 days to trade at about $152.83 on Thursday, July 3, during the mid-North American trading session.Consequently, the SOL price has consistently closed below the 50-weekly Moving Average (MA) for the larger part since March. From a technical analysis standpoint, the SOL price has been forming a potential head and shoulders (H&S) pattern…

Cardano price rose for the second consecutive day on Thursday, July 3, as most cryptocurrencies rebounded. Cardano (ADA) jumped to a high of $0.60, gaining over 17% from its June lows and reaching its highest level since June 18. The move pushed Cardano’s market capitalization above $21 billion. The rally followed a key development from Fluid Tokens, which conducted the first on-chain transaction proving the Bitcoin (BTC) state on Cardano. In their announcement, the developers noted that this marked the beginning of a Cardano–Bitcoin bridge. Charles Hoskinson and the Cardano team have long been working on incorporating Bitcoin into the…

Key catalysts include over $1.17B in June spot ETF inflows, $888M stablecoin growth on Ethereum in a week, and shrinking exchange reserves. Large holders accumulated ETH at the fastest pace since 2017, even during price dips. Ethereum (ETH) price is once again showing strength, gaining 6% in the last 24 hours, moving to $2,600. More importantly, today’s ETH rally is accompanied by a 79% increase in daily trading volumes to $27.58 billion. Furthermore, data from Coinglass shows that ETH futures open interest is up 7.56% to $34.4 billion, highlighting a strong bullish sentiment among traders. After a major 45% crash…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum price action on the 1-day chart continues to unfold in line with prior expectations, showing steady progress within its established bullish setup. The price remains well-structured with ETH holding above key support and respecting trend dynamics. Ethereum’s Next Key Targets — Where Price Could Be Headed Ethereum is facing resistance from a tight cluster of EMAs, which is acting as a ceiling and compressing price action. Crypto Devil highlighted on X that ETH needs to show strength and break above these EMAs to shift short-term momentum…

Today, Senator Lummis unveiled a bill that would enable U.S. citizens to spend up to $300 worth of bitcoin on goods and services, with a yearly cap of $5,000, without having to pay capital gains taxes on the transactions. The proposed legislation also stipulates that the threshold for spending will be adjusted for inflation starting in 2026. Such provisions were initially conceptualized as an amendment that Senator Lummis pushed to have included in the One Big Beautiful Bill (OBBB), but wasn’t. In the wake of Senate Finance Committee Chairman Mike Crapo not putting Senator Lummis’ amendment up for a vote…

On Thursday, July 3rd, a majority of major cryptocurrencies, including BNB, experienced a low-volatility sideways trend. The doji neutral candle on Binance Coin’s daily chart accentuates market uncertainty and a broader slowdown in recovery. However, the accelerated accumulation of this exchange crypto by institutional investors signals an opportunity to rebound and long-term recovery. Is $700 BNB close? Institutional Confidence in BNB Grows with Nano Labs’ $50M Investment In late June 2025, China-based Web3 infrastructure and product solution provider NanoLabs Ltd. announced its initiative to establish a BNB treasury strategy by raising $500 million through a private placement of convertible promissory…