Nvidia shareholders sue over crypto revenue
The Supreme Court approves a shareholder action against Nvidia for misrepresenting crypto income before the 2018 market fall.
The US Supreme Court rejected Nvidia's appeal, enabling a shareholder lawsuit for cryptocurrency mining income deception. Nvidia was sued for deceiving investors by downplaying its crypto-related revenues amid its strong revenue increase in 2017 and 2018, before the cryptocurrency market meltdown.
Shareholders say Nvidia CEO Jensen Huang misled how much its record profits depended on GeForce GPUs being used for bitcoin mining instead of gaming. Nvidia missed sales projections after the 2018 crypto market crash, sending its shares down 28% in two days. Huang called this financial disaster a "crypto hangover."
After a November hearing, the Supreme Court decided whether to intervene. Nvidia claimed that the complaint lacked sufficient specifics to continue to evidence collecting, but the Court disagreed. A federal district court in Oakland, California, will hear the lawsuit. The shareholders' counsel called this a “major victory for corporate accountability.”
The crypto meltdown hit Nvidia hard, but the business recovered well. Nvidia's stock has risen roughly 190% this year due to GPU demand for mining, gaming, and AI. The company's newest GeForce 4000-series GPUs outpaced AMD in profitability and market share.
Nvidia's Q3 sales rose 95% to $35.1 billion, with its Data Center sector growing 111%. The business expects $37.5 billion in Q4 sales. Nvidia established a computer sector standard by topping $3 trillion in market value earlier this year.
Despite its dominance in gaming and cryptocurrencies, Nvidia is diversifying. To lessen its dependence on risky areas like crypto mining, the business revealed intentions to construct sophisticated humanoid robots infrastructure in July. These initiatives have made Nvidia an innovation leader despite legal issues.
#Nvidia #MarketMajorComeback #MicrosoftRejectsBTC $BTC $ETH $XRP
XRP News: Why XRP Could Fall to $1.50 and What It Means for Investors
The well-known market analyst, The Block Bull, has warned that XRP might experience a big decline in the next few weeks.
After reaching a high of $2.90 this December, XRP quickly lost its upward momentum. Meanwhile, the asset appears to have entered a correction phase, signaling a further price drop to $1.50 and even more.
XRP Price To Hit Hard
The Block Bull thinks XRP’s downward trend might already be starting. On December 12, XRP’s price dropped by 2.34%, ending a small winning streak. While XRP has shown some signs of strength since then, the analyst believes the coin could drop to $1.50 by next week.
Even this level might not hold. If XRP fails to stay above $1.50, it could fall even further to $0.50, possibly around the coming holiday season. XRP struggled at $0.50 for a long time before finally breaking past it in late 2024.
In addition to this Coinpedia reported that 39.43 million XRP tokens, worth $95.5 million, were moved to Coinbase. This follows concerns over crypto whales dumping nearly $100 million worth of XRP, which could affect its price.
Why Is XRP Struggling?
Despite a big 105% rally over the past eight days, the coin dropped sharply due to the overall weak condition of the crypto market.
Bitcoin’s struggle to stay above $100,000 is a big factor, and it has caused uncertainty across the market. Because of this, XRP has had trouble moving higher and is stuck in a range.
The analyst believes that if XRP can’t break out of this phase, the situation could get worse. However, the mid-term outlook for XRP remains bearish, with the possibility of the coin returning to its November lows.
A Ray Of Hope!
The recent sell-off has led to over $1 billion in liquidations, as many highly leveraged positions are being wiped out. While this has pushed XRP’s price down further, it also indicates that much of the speculative excess is being cleared.
#XRP #BTC #cryptonews #cryptomarket #altcoin
$DOT #Bulls Eye Recovery: Momentum Building After Pullback?
Polkadot (DOT) Price Update: $8.95
- Polkadot’s DOT has attracted bullish interest but remains in a consolidation phase at $8.95, reflecting recent profit-taking and recovery potential.
December Pullback & Fibonacci Support
- DOT retraced 35% from a $11.64 high on Dec 4 to $7.50 on Dec 9, landing in a critical Fibonacci zone ($8.20–$9.00). At $8.95, it tests the upper range, signaling potential bullish re-accumulation.
Spot Market Dynamics
- DOT spot outflows peaked at $24.52M on Dec 9, driving sell pressure. As prices neared the Fibonacci zone, spot inflows returned, indicating renewed buying interest at $8.95.
Derivatives Market Shifts
- Open interest dropped with negative funding rates favoring shorts at 56% during the sell-off. By Dec 11, long positions dominated at 51.22%, reflecting improved sentiment as DOT stabilized.
Price Outlook
- With potential 30% upside to $11.64, DOT is attractive for bulls if Fibonacci support holds. Broader market caution persists, but renewed momentum could see DOT revisit previous highs in favorable conditions.
#CryptoMarketPredictions #BinanceSquareTalks #Polkadot
🚀 ZKsync is on a mission to make Ethereum transactions as fast as a cheetah on roller skates! By 2025, they aim to hit over 10,000 TPS and slash fees to a jaw-dropping $0.0001. Their roadmap promises an Elastic Network and ZK Stack that could become the go-to tools for blockchain builders. Meanwhile, privacy tech is gaining traction, with confidential computing poised to lure institutions into the crypto pool. With privacy-enhancing solutions like ZK-proofs, the crypto space might just unlock its next trillion-dollar treasure chest!
**ZKsync's 2025 Vision: Speed and Affordability**
ZKsync, a layer-2 scaling solution for Ethereum, has set ambitious targets for 2025. The company plans to achieve over 10,000 transactions per second (TPS) and reduce transaction fees to as low as $0.0001. This initiative aims to enhance Ethereum's scalability, security, and privacy using zero-knowledge proofs.
Their roadmap also highlights the development of the Elastic Network and ZK Stack, which are expected to become essential tools for blockchain developers. By offering a cloud-like environment, ZKsync seeks to balance user experience, performance, and security, potentially driving mass crypto adoption.
🚀 Big moves in the blockchain world! Societe Generale, via its digital arm SG-Forge, has executed a groundbreaking blockchain-based repo with Banque de France, marking the first tokenized transaction with a euro-zone central bank! 💶
By using bonds as collateral on Ethereum, they exchanged for CBDC on Banque de France's blockchain. This highlights the potential of CBDCs to enhance liquidity and cross-border payments.
With MiCA regulations in place, the EU is setting the stage for more crypto innovations. What do you think this means for the future of finance? Share your thoughts below!
🚀 Crypto & AI: A Perfect Match?
AI's potential is huge, but challenges like resource demands and ethical concerns slow its adoption. Enter blockchain! Its decentralized nature offers solutions, from democratizing AI agents to ensuring data integrity. Projects like Render and Virtuals show blockchain's power in AI's evolution.
Why does AI need blockchain? It ensures data authenticity, decentralizes operations, and enables smooth microtransactions. Conversely, AI boosts crypto with enhanced security and market insights.
What do you think about this synergy? Share your thoughts in the comments! 💬
🚀 Bitcoin accumulation is the name of the game! JPMorgan reports that not just MicroStrategy, but crypto miners like MARA Holdings are hoarding BTC due to profitability pressures from April's reward halving and rising network hashrate. 💰
Even Semler Scientific, a medical-device maker, is diving into the crypto pool with $144 million in BTC! With spot bitcoin ETFs now available, institutional investors have a new playground.
Miners are also raising funds through equity, surpassing $10B this year! What do you think about this trend? Share your thoughts below! 👇 #Bitcoin #CryptoNews
🚀 AI + Blockchain = The Ultimate Power Couple! 🤖🔗
1/ AI's got the brains, but blockchain's got the brawn! Together, they're tackling AI's biggest hurdles like resource hogging and privacy issues. Who knew decentralization could be so charming?
2/ With blockchain, AI gets a makeover: democratized, transparent, and ethical. Projects like Render and Virtuals are leading the charge, proving that AI doesn't need to be a diva to shine!
3/ Ready for the AI revolution? Comment below with your wildest AI + blockchain dreams! Let's brainstorm the next big thing! 💡
#DeFi #Web3 #CryptoLove
🔍 **Crypto Miners Hoard Bitcoin Amid Rising Challenges**
- MicroStrategy isn't alone in its bitcoin buying spree! JPMorgan reports that crypto miners are also stockpiling BTC due to profitability pressures from the upcoming reward halving and increased network hashrate.
- Miners like MARA Holdings now own 35,000 BTC, worth $3.5 billion, adopting strategies similar to MicroStrategy's BTC yield.
- Interestingly, even non-tech firms like Semler Scientific are diving into crypto, holding $144 million in BTC.
- With spot bitcoin ETFs in play, miners are turning to debt and equity for funding, raising over $10 billion this year.
💬 What do you think about this trend? Share your thoughts below!
🚀 Societe Generale and Banque de France have made waves with a groundbreaking blockchain-based repurchase agreement, marking the first tokenized transaction with a euro-zone central bank!
- SG-Forge, Societe Generale's digital assets arm, used Ethereum to deposit bonds as collateral, receiving CBDC from Banque de France's DL3S blockchain.
- While the EUR CoinVertible stablecoin wasn't used, this move highlights the potential of CBDCs in enhancing liquidity and cross-border payments.
What do you think about the future of CBDCs and blockchain in banking? Share your thoughts in the comments! 💬
Why Might Tech Giants Like Amazon Hesitate To Adopt Bitcoin!
Big Tech Operates with substantial cash reserves, but as inflation erodes purchasing power, those reserves diminish in value. Could $BTC , a deflationary asset, be the ultimate treasury solution to protect their wealth 💰
With Companies Like MicroStrategy leading the charge, all eyes are on Amazon. Will they be the next to take the leap and embrace Bitcoin as a hedge against currency devaluation?
Time Will Tell 😉
#BTC☀ #cryptoadoption
$LINK Update: Testing Resistance with Bullish Momentum
{spot}(LINKUSDT)
Dont miss that trade gyus
$LINK is currently trading at 28.74, attempting a recovery after bouncing from lower support levels. The price is approaching key resistance at 29.68, where a breakout could drive further gains toward the next target of 30.20. Support is holding strong near 28.00, serving as a critical level to watch. If $$LINK ails to sustain above 29.00, it may retest the 28.00 zone. Increased volatility is expected as the price nears these critical levels, so traders should plan for swift moves.
#LINK #Crypto #Altcoin #TradingSignals #Binance
#BitcoinKeyZone Fartcoin: The most profitable fart joke in history! 😂 🚀
💥 This week, Fartcoin, a flatulence-themed meme coin on the Solana$SOL
{spot}(SOLUSDT)
blockchain, exploded to an all-time high of $0.52, hitting a market cap of over $520 million.
📈 With a 69% gain in 24 hours and 154% over the week, it’s literally riding on “hot air rises,” a slogan embraced by its degenerate (and proud) investors.
🤖 Born from a brainstorming session on AI meme potential, Fartcoin started as a joke but gained traction through its absurdity, AI sector hype, and meme-worthy branding. Even the co-founder of Bored Ape Yacht Club, Wylie Aronow, is onboard, hilariously noting, “Mainstream media loves mocking ‘crypto bros’ getting rich on an AI fart joke.” 🤣
While skeptics compare Fartcoin’s rise to the 2000 tech bubble, the token’s holders are laughing all the way to the blockchain, with some pointing out its absurd resilience and others just enjoying the chaos. 🤷
🚨 ALERT: Ripple Dumps $500 Million in $XRP – Major Market Disruption Incoming! 🚨
{spot}(XRPUSDT)
Ripple’s massive move to offload 200 million XRP, worth $500 million, has sent shockwaves through the market! With XRP struggling to bounce back from recent price corrections, this unprecedented sell-off could hinder its recovery as new supply floods the market.
🔑 Key Insights:
1️⃣ Ripple's Massive Sell-Off:
On December 11, Ripple liquidated 200 million XRP through the address 'rP4X2h(...)', injecting a massive $486 million into the market. With XRP priced at $2.43, this strategic move adds substantial supply, potentially slowing price rebounds.
2️⃣ XRP Faces Roadblocks:
XRP’s momentum hit a snag after briefly reaching the 3rd position by market cap. Now sitting at $2.43, XRP struggles to break through resistance. The Relative Strength Index (RSI) signaled a downturn on December 4, which came to fruition with a significant price drop.
3️⃣ Market Impact:
XRP's market cap now stands at $138.8 billion, just shy of Tether's $139 billion. Ripple’s sell-off may further prevent XRP from reclaiming its spot, as the increasing supply could weigh down any bullish momentum.
📉 Recent Price Trends:
Nov 29: XRP hit $100 billion market cap, briefly surpassing Solana.
Dec 4: XRP soared to a high of $2.90, peaking at a $165.74 billion market cap.
Current Price: Trading at $2.43, with a tight race against USDT for market dominance.
🚀 XRP's Path Forward:
Bullish Hope: XRP has rebounded from previous downturns, and a strong recovery could push it back to 3rd place.
Risk: Ripple’s continuous token sales could weigh on short-term growth, as Tether (USDT) and USDC continue to challenge XRP’s position.
⚠️ Important: Watch for increased volatility, as Ripple’s strategy and market conditions heavily influence XRP’s next move!
#XRP #RippleSellOff #CryptoNews #Write2Earn #BinanceSquareFamily