The rise of AI-driven trading in the cryptocurrency space is revolutionizing the way investors engage with the market, enhancing efficiency and strategy. As the adoption of artificial intelligence in trading
FTX’s latest legal maneuvers underscore its ongoing battle to reclaim assets lost during its catastrophic collapse, impacting countless investors and the cryptocurrency landscape. This renewed focus on asset recovery follows
In the rapidly evolving world of technology, where advancements in artificial intelligence are constantly pushing boundaries, the hardware powering these innovations is crucial. For those invested in cryptocurrencies and blockchain, understanding the foundational tech like AI chips is increasingly relevant, as AI intersects with everything from trading algorithms to network optimization. A significant development is brewing in the semiconductor space: Chinese tech giant Huawei is reportedly making strides with a new AI chip designed to compete directly with Nvidia’s top-tier offerings. Why Are Advanced AI Chips So Important Right Now? Advanced AI chips, particularly powerful GPUs (Graphics Processing Units) and specialized AI accelerators, are the backbone of modern artificial intelligence. They are essential for: Training large, complex AI models (like those used in generative AI). Running AI inferences at scale for applications like facial recognition, autonomous driving, and natural language processing. Driving innovation in fields like scientific research, finance, and increasingly, decentralized technologies that might leverage AI for efficiency or security. The demand for these chips has surged globally, creating a high-stakes environment for manufacturers. Introducing the Huawei AI Chip : A Potential Game Changer? According to reports citing sources familiar with the matter, Huawei is actively developing its latest Ascend AI GPU, known as the Ascend 910D. This isn’t Huawei’s first foray into AI hardware, but the ambition behind the 910D appears significant. The company is reportedly reaching out to other Chinese firms, seeking partners to test the capabilities of this new silicon. The key target? Nvidia’s H100 series. This signals a clear intent from Huawei to position the Ascend 910D as a viable alternative to one of the most sought-after and powerful AI chips currently available. How Does Huawei Aim to Take On the Nvidia H100 ? Nvidia’s H100 is a powerhouse in the AI training world, renowned for its performance, efficiency, and extensive software ecosystem (CUDA). Challenging its dominance is a monumental task. While specific performance details of the Ascend 910D are not yet widely available, Huawei’s strategy likely involves: Developing competitive raw processing power and memory bandwidth. Building or enhancing its own software stack and ecosystem to support developers and researchers. Leveraging its strong relationships within the Chinese technology sector for adoption and feedback. Potentially offering cost advantages or localized support compared to international competitors. Success hinges not just on hardware specifications but also on the usability and robustness of the accompanying software and support systems. What Does This Mean for the China AI Market ? This development is particularly impactful for the China AI market. The United States has recently imposed further restrictions on the export of certain advanced AI chips to China, creating a significant void for companies relying on cutting-edge hardware for AI development and deployment. If the Huawei Ascend 910D proves capable of rivaling chips like the Nvidia H100, it could provide a crucial domestic alternative. A successful Huawei chip could help Chinese firms continue their AI research and development without being solely dependent on foreign technology, potentially accelerating domestic innovation and reducing vulnerability to export controls. This could reshape the competitive landscape within China significantly. Navigating the Landscape: Semiconductor Competition and Global Tech Shifts The rivalry between Huawei and Nvidia for AI chip supremacy is a microcosm of the broader semiconductor competition playing out on a global stage. This competition is fueled by geopolitical factors, economic incentives, and the fundamental need for advanced computing power to drive future technologies. The challenges for Huawei are substantial, including: Manufacturing capabilities under export restrictions. Building a robust software ecosystem comparable to Nvidia’s established platforms. Convincing potential customers that the Ascend 910D offers performance and reliability on par with or exceeding established options like the H100. However, the potential benefits are also high: establishing a strong domestic supplier could solidify China’s position in the global AI race and create new opportunities within the domestic market. What’s Next? Actionable Insights For those watching the tech space, particularly the intersection of AI and computing: Keep an eye on performance benchmarks and adoption rates for the Ascend 910D once it becomes more widely available for testing and deployment. Observe how the US export controls continue to evolve and how they influence domestic chip development in China and elsewhere. Consider the long-term implications for the global semiconductor supply chain and the potential for increased regionalization. Understand that advancements in AI hardware directly impact the capabilities available for various applications, including those that might eventually intersect more deeply with decentralized technologies and cryptocurrency infrastructure. Summary Huawei’s reported development of the Ascend 910D represents a significant effort to challenge the dominance of chips like the Nvidia H100 in the critical field of AI processing. This move is particularly important within the context of the China AI market, where demand for advanced hardware is high and supply chains are influenced by geopolitical factors. While significant challenges remain, a successful Huawei AI chip could reshape the landscape of semiconductor competition and accelerate domestic AI development in China. The outcome of this ambitious endeavor will be closely watched by the tech industry worldwide. To learn more about the latest AI chips trends, explore our articles on key developments shaping AI features.
Collapsed crypto exchange FTX has stepped up its efforts to recover estate assets purchased through token agreements.
XRP’s recent bullish breakout highlights significant momentum, driven by robust fundamentals and increasing social engagement within the crypto community. The cryptocurrency has seen a marked rise supported by activity in
Bitcoin price is consolidating gains above the $94,000 zone. BTC is showing positive signs and might aim for a move above the $95,500 resistance zone. Bitcoin remained supported above the $93,500 zone. The price is trading above $94,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,500 zone. Bitcoin Price Eyes Key Upside Break Bitcoin price remained stable above the $93,500 level and started a fresh increase . BTC was able to climb above the $94,000 and $94,200 resistance levels. The bulls were able to pump the price above the $95,200 resistance. The recent high was formed at $95,488 and the price started a downside correction. There was a drop below the $94,500 and $94,200 levels. The price dipped below the 50% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high. However, the bulls were active near the $93,500 support and the 76.4% Fib retracement level of the upward move from the $92,900 swing low to the $95,488 high. Bitcoin price is now trading above $94,200 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $94,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $95,250 level. The first key resistance is near the $95,500 level. The next key resistance could be $96,250. A close above the $96,250 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,800 level. Another Decline In BTC? If Bitcoin fails to rise above the $95,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $94,200 level and the trend line. The first major support is near the $93,500 level. The next support is now near the $92,900 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $94,200, followed by $93,500. Major Resistance Levels – $95,250 and $95,500.
XRP’s bullish breakout remains supported by strong fundamentals despite caution over whale exchange inflows.
Bitcoin (BTC) continues to hover in the mid-$90,000 range, posting modest gains over the weekend following reports that China has exempted certain US-based products from a 125% tariff rate. However, the leading cryptocurrency now faces a critical resistance level that could determine its near-term price trajectory. What Do On-Chain Metrics Indicate? In a recent CryptoQuant Quicktake post, on-chain analyst BorisVest noted that BTC has entered a stagnation phase as short-term holders have begun realizing profits. The contributor warned that if this ongoing profit-taking is not fully absorbed, it could trigger a fresh wave of selling. Related Reading: Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst Says BorisVest also highlighted that BTC exchange reserves – which had been depleting at a significant rate until last week – are now starting to stabilize. As a result, enhanced selling pressure could emerge for the apex cryptocurrency. The analyst added that both BTC inflows and outflows on crypto exchanges are currently balanced, suggesting a neutral market state. Moreover, while short-term holders were previously selling at a loss, they have now entered profitable territory. The Spent Output Profit Ratio (SOPR) has risen to 1.04, indicating that investors who bought BTC at recent lows – possibly around $76,000 earlier this month – are now cashing out. For those unfamiliar, SOPR measures the profit or loss of Bitcoin transactions by comparing the price at which coins were originally acquired to the price at which they are now spent. A SOPR value above 1 signals that holders are selling at a profit, while a value below 1 indicates they are selling at a loss. Additionally, the current SOPR metric reveals increased selling activity with rising prices, suggesting that BTC whales and institutional investors are likely taking profits. The Net Realized Profit and Loss (NRPL) metric supports this view, having sharply rebounded from about $2 billion in realized losses to $3 billion in realized gains. Bitcoin Faces Critical Resistance – Can BTC Continue Its Rally? According to the post, Bitcoin now faces significant resistance at $96,000. If BTC manages to break through this level with strong volume and momentum, it could turn this resistance into a new support base and continue its rally. Related Reading: Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At $155,000 Conversely, a failure to decisively break through $96,000 could stall Bitcoin’s rally and potentially trigger a price pullback toward the $80,000 range. Therefore, monitoring BTC’s price behavior around this critical resistance level will be crucial. That said, Bitcoin’s apparent demand has recently shown a sharp momentum shift, reigniting hopes for a sustained rally that could lead to a new all-time high. At press time, BTC is trading at $93,972, up 0.3% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and Tradingview.com
In the fast-evolving world of technology, where AI continues to reshape how we interact with information, a significant development is set to impact how we find and purchase products online. For those following the cryptocurrency space, understanding these shifts in core internet services like search is crucial, as they often pave the way for new digital commerce paradigms. OpenAI has announced a major ChatGPT update , enhancing its search capabilities with dedicated features for ChatGPT shopping . What’s New with OpenAI Search and Shopping? OpenAI is rolling out improvements to its web search tool within ChatGPT, specifically designed to create a better online shopping experience. When users search for products, the chatbot will now provide a more integrated and helpful response. Here’s what you can expect: Product Recommendations: ChatGPT will suggest relevant products based on your queries. Visuals and Reviews: Get images and see user reviews directly within the search results. Direct Purchase Links: Easy access to webpages where you can buy the items. This move is a direct challenge to traditional search engines, particularly Google, which heavily relies on its shopping features and advertising revenue. OpenAI aims to offer a more personalized and less cluttered way to discover products. How AI Shopping Works in ChatGPT The core idea behind this AI shopping enhancement is to allow users to use natural language to ask very specific questions about products. Instead of just providing a list of links, ChatGPT will synthesize information to offer customized results. Initially, OpenAI is experimenting with popular categories like fashion, beauty, home goods, and electronics. The company states that the shopping results are determined independently, based on structured metadata from third parties, including pricing, product descriptions, and reviews. Crucially, OpenAI notes that advertising is not part of this current upgrade, and they will not receive a kickback from purchases made through OpenAI search . This positions their offering as a potentially unbiased alternative to search results influenced by ad spend, although future models might include affiliate fees. Who Gets the ChatGPT Update and When? This significant ChatGPT update is being rolled out globally today. It’s available in the default AI model, GPT-4o, for a wide range of users: ChatGPT Pro, Plus, Free, and even logged-out users. This broad accessibility underscores OpenAI’s ambition to make this feature widely adopted. Looking ahead, OpenAI plans to integrate its memory feature for Pro and Plus users. This means ChatGPT could reference your past conversations to provide highly personalized product recommendations, learning your preferences over time. However, due to regulatory considerations, these memory features will not be available to users in the EU, the U.K., Switzerland, Norway, Iceland, and Liechtenstein for shopping. Competing in the Online Shopping Arena OpenAI’s foray into ChatGPT shopping is a clear strategic move to compete with established players in the lucrative online shopping and search markets. While Google’s search product has faced criticism regarding the quality of results due to heavy advertising, OpenAI is positioning its search as a rapidly growing alternative, citing over a billion web searches made in ChatGPT in a single week recently. Beyond shopping, the update also brings other search improvements, such as displaying trending searches as users type, similar to autocomplete features found in other search engines. Furthermore, OpenAI search capabilities are now accessible via WhatsApp, allowing users to interact with the chatbot for up-to-date information on the go. Comparing ChatGPT Shopping to Previous Efforts OpenAI has explored shopping features before, notably through its AI agent platform, Operator. Operator could browse multiple webpages to find relevant products, but it was often a slower process, taking several minutes. The new ChatGPT shopping feature integrated into search offers a much faster, more direct, and hands-on experience, while still leveraging the power of natural language queries that users are accustomed to in ChatGPT. Conclusion: A New Era for Online Shopping Search? The integration of dedicated shopping features into OpenAI search marks a pivotal moment in the evolution of AI assistants and their role in digital commerce. By offering personalized recommendations, visual information, and direct purchase links without initial advertising influence, OpenAI is attempting to carve out a unique space in the competitive online shopping landscape. This ChatGPT update promises a more intuitive and efficient way for users to find and buy products, potentially setting a new standard for AI-powered search experiences. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
On April 29, COINOTAG News reported that the new Co-Executive Directors of the Ethereum Foundation, Hsiao-Wei Wang and Tomasz Stańczak, articulated their strategic vision for the upcoming year. Central to