Bitcoin Price: US$ 59,082.32 (-0.71%)
Ethereum Price: US$ 2,528.33 (+2.89%)
Nvidia reported a record-breaking Q2 revenue of $30 billion, surpassing expectations and solidifying its leadership in the AI sector, driven by strong GPU sales, the anticipated release of Blackwell chips, and growing demand across various markets. Meanwhile, HashKey has expanded its retail offerings in Hong Kong by listing Avalanche and Chainlink coins, advancing Web3 development in the region in line with strict SFC licensing requirements. In other news, Telegram CEO Pavel Durov, charged with multiple offenses including complicity in illegal activities and money laundering, has been released from French custody and placed under judicial supervision, with his arrest igniting debate over potential free speech infringements and the accountability of social media leaders for user conduct.
Nvidia’s Q2 earnings surpassed expectations with a $30 billion revenue, significantly boosting confidence in the AI sector and setting the stage for further growth as the company projects even higher revenues in Q3. Meanwhile, HashKey, one of Hong Kong’s fully licensed exchanges, has expanded its offerings to include Avalanche and Chainlink for retail investors, marking a significant development in the region’s crypto trading landscape. Telegram CEO Pavel Durov has been charged and released under judicial supervision in France, facing serious allegations related to illicit activities on the platform, sparking debates over free speech and the responsibilities of social media executives.
Crypto advocates have criticised the SEC and its chair, Gary Gensler, for issuing a Wells notice to OpenSea, potentially labeling some NFTs as unregistered securities and leading to enforcement action. OpenSea’s CEO, Devin Finzer, has vowed to fight any charges, while industry leaders argue that regulating NFTs as securities is legally flawed and could have broad implications for collectibles. Meanwhile, BlackRock has launched an Ethereum ETF in Brazil, expanding its crypto offerings just months after introducing a Bitcoin ETF. The new ETF, traded under the ticker ETHA39, aims to meet the growing demand for digital assets in the country. In another news, Bitwise Asset Management is set to acquire the assets of Osprey Bitcoin Trust, adding $120 million of Bitcoin to its portfolio as OBTC unitholders transition to BITB shares.
The decentralised finance project Maker, now rebranded as Sky, has faced criticism for including a “freeze function” in its new stablecoin, USDS, sparking concerns about the protocol’s decentralisation. Although co-founder Rune Christensen clarified that the freeze function is not active at launch, its potential future use for legal compliance has ignited debate within the DeFi community. In a separate development, Australians lost $122 million to crypto scams over the past year, with younger individuals being the primary victims. The most common scams involved modern tactics like pig butchering and deepfakes, highlighting the evolving nature of crypto-related fraud in the country. Meanwhile, the Open Network (TON) blockchain resumed normal operations after a block production outage caused by the airdrop of the memecoin DOGS, which triggered massive network congestion. Despite the disruption, no assets were lost, and over 4 million users claimed their DOGS tokens, reflecting high interest in the TON ecosystem.
Source: https://cointelegraph.com
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