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🚨Grayscale Bitcoin holdings are down 53% since the ETF launch.

🚨Grayscale Bitcoin holdings are down 53% since the ETF launch.

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Nvidia's performance may start a new rise in artificial intelligence-based cryptocurrencies. While Nvidia's (NVDA) share price increased by over 7% on May 28, AI-related cryptocurrencies have fallen in the last 24 hours. However, a cryptocurrency investor said that the decline will not last forever. “NVDA is rising, AI tokens are quiet now but that won't last long,” investor Matthew Hyland wrote in his X post on May 28. said. Artificial intelligence companies run AI models on computer processors made by Nvidia. As NVDA's performance is seen as a barometer of the market's attitude towards AI, crypto investors are considering its share price as a prediction of how AI tokens may move. Nvidia gained 22% in the last five trading days and closed at a record high of $1,140 on May 28; The stock is up nearly 137% since the beginning of the year. Nvidia's first-quarter revenue beat expert estimates by about 5.6%, up 18% from the fourth quarter of 2023 and 262% from the same quarter last year. Meanwhile, some of the largest intelligence-based artificial cryptocurrencies have crashed in the last week, unlike Nvidia. Render (RNDR), fetch.ai (FET), and SingularityNet (AGIX) lost 8.14%, 11.39%, and 11.19%, respectively, over the past seven days, according to CoinMarketCap. Although artificial intelligence-based cryptocurrencies did not follow the increase, some investors think that this situation may change with the decline in Nvidia's share price. “When NVDA starts selling, it will take other mega-cap tech names with it for at least a few days,” anonymous crypto investor Triplexx wrote in a post shared on May 28. Then, whatever crypto's attitude is, it will pull crypto with it. “Be ready.” said. Investment guru Lyn Alden noted on May 25 that Nvidia is one of the few stocks that has outperformed Bitcoin over the past decade. $BTC $FET $FET
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PayPal will add its stablecoin asset to the Solana network. PayPal, the first traditional company to issue a stablecoin, has decided to add its #PYUSD asset to the Solana Blockchain. PayPal launched its Ethereum-based stablecoin in August last year. It then integrated PYUSD into peer-to-peer payment service Venmo. It was stated that the most important factors why PayPal chose the Solana network for stable crypto usage were that the network offered fast and low transaction fees. So much so that the Solana network can currently process over 1,400 transactions per second, while the Ethereum network processes approximately 15 transactions per second. Solana network, which has recently come to the fore with its #memecoin projects, has reached the highest transaction volumes of the last two years. Despite the rapid increase in transaction volume, the smooth operation of the network stands out as an important detail that increases trust in Solana. Because the Solana network has had a very difficult time with network outages in recent years. PYUSD, issued through Paxos Trust Company, currently has a market value of close to 400 million dollars. While PYUSD currently has a low market cap relative to the market's largest stablecoins, the company is looking to expand the asset's use in consumer payments and emerging markets in Latin America, Southeast Asia and Africa. Additionally, #PayPal officials stated that they have plans to integrate #PYUSD into more Blockchain networks in the future. $BTC $SOL
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