Elon Musks xAI Colossus goes online and it really is colossal

Elon Musks xAI has launched Colossus now the most powerful AI training system setting a new benchmark in the AI race with a 100,000 H100 training cluster that will soon double in size.

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Tokenized asset market to hit $10T by 2030: Chainlink report

Despite current crypto market volatility, Chainlink projects rapid growth in tokenized assets, driven by institutional demand and regulatory advancements.

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AI bills have positive intent but potentially burdensome outcome: Lawyer

Lawyer Dina Blikshteyn explains that many of the AI-related bills being drafted and passed in California may have good intentions but could burden small developers. 

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Bitcoin $110K setup still in play, but analysts warn of sub-$40K dip first

Could Bitcoin see a correction below $40,000 before breaking out toward a six-figure valuation?

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Aave DAO and Trident launch $100M onchain fixed-yield loan

The collaboration aims to provide a secure, stable investment option, mitigating traditional market volatility and risks for lenders.

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Japanese firm Metaplanet to invest $58.76M in Bitcoin

Metaplanet Inc allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japans market volatility.

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Crypto products shed $528M amid recession fears CoinShares

As Bitcoin dropped below $50,000, analysts expect more outflows that would potentially drive prices down to $42,000.

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Bitcoin on edge as economy falters: 10x Research report

Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.

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AI Safety Bill SB 1047: What You Need to Know About Californias Bold Move

Californias new AI safety bill SB 1047 is a current issue that is being discussed in the tech industry. This bill has garnered interest from high-profile personalities including Elon Musk the CEO of Tesla and Buterin Vitalik the co-creator of Ethereum. Both leaders have expressed their thoughts regarding the bill which which seeks to govern […]

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Anthropic jumps in on tug-of-war over California AI bill

Things are heating up on the AI legislation front with Anthropic voicing its support of an AI bill introduced by senator Scott Wiener, one which received a letter of opposition from OpenAI.

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Gate.io to launch $100M innovation fund with the Blockchain Center in Abu Dhabi

The fund aims to advance decentralized infrastructure and blockchain adoption and support talent from the US, Asia, Europe and the MENA region.

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California AI bill under scrutiny by US policymakers

Senator Scott Wiener defends Californias AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.

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Bitcoin $59K price may swing drastically amid election year parallels

If Bitcoin follows the same pattern as previous election years, August will be nothing crazy, but a breakout may occur within a month or two, according to a crypto analyst.

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California removes teeth from AI law without addressing techs core concerns

The law appears more corporate-friendly, but the implications for consumers are a bit murkier.

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Solana Poised For $400-500 Upside As Analyst Spots Wave 5 Formation

Solana (SOL), one of the largest digital assets in the market by market capitalization, has been in a period of price consolidation, oscillating between the $140 and $150 price range. This period follows a significant drop that saw SOL plummet to $109 on August 5th, with a modest recovery since then.  However, despite its resurgence, [...]

The post Solana Poised For $400-500 Upside As Analyst Spots Wave 5 Formation appeared first on Crypto Breaking News.

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3 reasons why Bitcoin traders expect $100K+ BTC price by 2025

If Bitcoin follows its standard post-halving trajectory, its price should be in the six-figure range by 2025.

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IRS Eases Crypto Tax Form Requirements with Latest 1099-DA Draft

The United States Internal Revenue Service (IRS) has made significant updates to its crypto taxation form, 1099-DA, which is designed specifically for crypto brokerage accounts. This move is an important step in the overall strategy to organize and explain the procedure of reporting transactions relevant to a digital asset. On August 9, Ji Kim, Head […]

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SBF family linked to $100M FTX scandal, legal trouble looms

According to emails seen by the WSJ, Sam Bankman-Frieds family allegedly funneled millions from FTX to political causes, raising significant legal questions.

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Bitcoin will crash to $50K, 10x Research warns

According to 10x Research, Bitcoins potential drop below $50,000 is linked to dwindling buy flows and accelerating sell flows.

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NVIDIA H100 GPUs and TensorRT-LLM Achieve Breakthrough Performance for Mixtral 8x7B

NVIDIA's H100 Tensor Core GPUs and TensorRT-LLM software demonstrate record-breaking performance for the Mixtral 8x7B model, leveraging FP8 precision. (Read More)

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