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- 🌙 Chinese Nvidia Probe Could Start Trade War 2
🌙 Chinese Nvidia Probe Could Start Trade War 2
The probe into the chipmaker was made on suspicion of anti-monopoly law violations.
Mike Gavela
December 09, 2024
Crypto Roundup - December 9
China has initiated an antitrust investigation into Nvidia, claiming the U.S. chipmaker violated anti-monopoly laws. This move has raised concerns over trade tensions and resulted in a decline in Nvidia's stock price as investors assess the potential implications. In Russia, a State Duma official has proposed the establishment of a national Bitcoin reserve, aimed at reducing the country’s vulnerability to international sanctions and enhancing financial resilience amid ongoing geopolitical tensions. Meanwhile, Ethena’s synthetic stablecoin, USDe, has seen remarkable growth, surpassing DAI to become the third-largest stablecoin in the market. With a market capitalization of $4.77 billion, USDe's rise highlights increasing demand for innovative stablecoin solutions within the decentralized finance ecosystem.
Top Stories
Bitcoin hits $100,000 briefly fueled by Asian stock surges and MTAUR platform momentum.
Mt. Gox transfers $2.8B BTC, sparking fears of market volatility amid ongoing trustee activities.
"Hawk Tuah Girl" memecoin scandal alleged as a scam by on-chain investigators, tarnishing crypto launches.
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Lava makes bitcoin-secured loans simple and reliable. Download at lava.xyz
— lava (@lava_xyz)
1:43 PM • Dec 9, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Question for all of you building AI agents with crypto wallets
What is the objective function of the AI?
So far we've made LLMs with a private key. Some of those LLMs are making some money. But do they have any actual agency or long term planning horizon? What are they actually… x.com/i/web/status/1…
— Kyle Samani (@KyleSamani)
12:54 PM • Dec 9, 2024
Where crypto goes from here, sector by sector - 🧵
*not financial advice*
1. It's almost inconceivable to me that BTC doesn't blast thru $150k between now and the end of Q1. Dips between now and year-end are to be bought. Here's why:
— Jonah (@jvb_xyz)
8:54 AM • Dec 9, 2024
SAYLOR: "We're buying #Bitcoin to hold it 100 years. That $66K to $16K crash. That shook out the tourists. That shook out the non-believers. When it was 16K, we were all ready to ride it to zero.”
— Simply Bitcoin (@SimplyBitcoinTV)
9:50 AM • Dec 9, 2024
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