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- 🚨 NVIDIA’s 122% Earnings Jump: What It Means for the AI Crypto Market 🚨
🚨 NVIDIA’s 122% Earnings Jump: What It Means for the AI Crypto Market 🚨
CoinGape Media
August 29, 2024
News
NVIDIA's strong Q2 earnings boost AI market, sparking potential rallies in AI-related cryptos like Render and FET amid rising demand.
NVIDIA earnings report has come in impressive on financial results for the second quarter ending July 28, 2024, with revenues hitting $30 billion. This marks a 122% rise from the same period last year, underscoring the company’s leadership in the rapidly expanding AI chip market.
Telegram CEO Pavel Durov is turning to be a crypto 'Black Swan event' says crypto VC, but traders are more concerned over a market crash.
Telegram CEO Pavel Durov is now facing multiple charges in other countries as the saga unfolds into bigger risks for crypto investors, raising risks of another crypto ‘Black Swan Event’. After France indicted Durov and banned him from leaving the country, reports of alleged crimes and investigations on Telegram and its CEO are surfacing.
Elon Musk has recently posted on X, accusing Judge Alexandre de Moraes of a misguided legal subpoena issued to him in Brazil.
In a riveting turn of events, Tesla & SpaceX CEO Elon Musk took to X today, accusing Brazil Judge Alexandre de Moraes of a misguided legal maneuver — a subpoena issued via X in Brazil. The subpoena, viewed as an ‘atypical and illegal’ litigation by many legal experts, has set off discussions across the broader industry.
Notably, Federal Supreme Court Minister Alexandre de Moraes cracked down on the social media platform X in Brazil earlier this month. He threatened to ban the X platform in the country if Musk failed to show.
Markets
BTC at $59K & AI coins remain weak despite Nvidia earnings. TON tokens soar while NVT Golden Cross struggles.
The crypto market today remains weak, although it has also prevented further downside momentum. Bitcoin (BTC) price kept the $59K mark, whereas Ethereum (ETH), Solana (SOL), and XRP traded in both red and green territories
Tranchess (CHESS) price skyrocketed nearly 41% today as Binance launched USD-Margined perpetual contract for the token.
Tranchess (CHESS), a tokenized asset management and derivatives trading protocol, has recently secured a landmark feat. The crypto project garnered noteworthy optimism today as the world’s leading crypto exchange, Binance, announced futures listing for its native token. This announcement promptly gained traction across the broader crypto industry as CHESS price rocketed nearly 41% in tandem with the announcement.
Crypto market participants appear to be speculating over the asset’s future price trajectory.
Telegram meme coins like SUN, DOGS, and NOT have recently gained popularity, diverting attention from Solana. But Solana price can stage a rebound soon.
Telegram meme coins have been in the spotlight for a while due to the overly successful mini-Apps technology on the messaging platform. In the past few days, Tron (TRX) and Ton (TON) have been sharing the limelight with their meme coins: Sun Token (SUN), Dogs (DOGS), and Notcoin (NOT), while Solana hype reduced drastically as volume moved to these two chains. However, Solana may have found robust support and may rebound soon.