Tag:

Market

Liquidations across all digital assets (CoinGlass)

Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls

by admin May 23, 2025

Crypto traders betting on a steady bitcoin

rally got a sharp reminder of headline risk from Donald Trump’s latest tariff threats.

Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news.

Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum’s ether

followed with close to $87 million. Other tokens, including Solana’s SOL , dogecoin , and SUI saw liquidations ranging between $10 million and $18 million.

Liquidations across all digital assets (CoinGlass)

“Nice aggregate flush of long leverage and de-risk selling from spot,” well-followed crypto trader Skew noted in an X post early Friday. “All driven by headlines once again.”

The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war.

As a result, BTC and major altcoins such as Ether

, XRP , and Cardano fell 3% to 4%, while smaller-cap tokens like Uniswap and SUI dropped 5% to 7% over the past 24 hours.

Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X.

Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on Thursday.

Read more: Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?

Source link

May 23, 2025 0 comments

GameFi Guides

America’s Biggest Banks Consider Teaming Up to Challenge $245B Stablecoin Market: WSJ

by admin May 23, 2025

In brief

Major U.S. banks, including JPMorgan and Bank of America, are reportedly exploring a shared stablecoin project.
The move hinges on pending federal legislation, such as the GENIUS Act, which would set regulatory standards for stablecoin issuance and oversight.
The initiative could position banks to compete with crypto-native issuers Circle and Tether.

Major U.S. banks are reportedly exploring a joint stablecoin venture to compete directly with the crypto industry’s growing dominance in digital payments.

Discussions are ongoing between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others through their co-owned payment companies, including Early Warning Services and the Clearing House, according to a Wall Street Journal report.

Those discussions hinge on forthcoming stablecoin legislation that could help form frameworks for banks and non-banks to issue stablecoins.

Stablecoins are digital currencies typically pegged to the U.S. dollar or other fiat currencies and, in recent years, are increasingly being backed by Treasurys.

While some see them as “destabilizing” to economic and fiscal policy, “individuals and businesses see a tremendous benefit,” Pedro Lapenta, head of research at Hashdex Asset Management, told Decrypt.

And the timing couldn’t be more apt.

This week, the Senate moved forward with the GENIUS Act, a bipartisan bill that aims to regulate payment stablecoins by setting federal reserve standards, transparency, and issuer oversight.

If the act becomes law, stablecoins could “accelerate the adoption of digital assets” in general and strengthen “the investment case for Bitcoin and other crypto,” Lapenta said.

But it isn’t really about the investor. Banks see the changing regulatory landscape as a possible green light to begin exploring ways to challenge the dominance of Circle and Tether’s stranglehold over the $245 billion stablecoin market.

Circle, a U.S.-regulated issuer, initially launched its USDC stablecoin in 2018 alongside Coinbase through the Centre Consortium, in a bid to offer an alternative to Tether’s market-leading USDT, which debuted in 2014 on the Bitcoin-based Omni Layer.

Tether has maintained a dominant position in the stablecoin sector despite years of scrutiny over the transparency of its reserves.

Since 2022, the stablecoin issuer has released quarterly attestations, in a bid to assuage concerns. It now accounts for more than 60% of the market.

Circle, on the other hand, has sought to differentiate USDC by positioning it as a more compliant product, citing third-party attestations and closer regulatory engagement in the U.S.

But it, too, has had its own set of problems, including a temporary depegging of USDC in 2023 following the collapse of Silicon Valley Bank, stalled plans to go public via a SPAC deal in 2022, and declining market share.

The entry of major global financial firms may soon test the staying power of both incumbents and chip away at their dominance.

Hong Yea, co-founder and CEO of GRVT, a licensed on-chain exchange, told Decrypt crypto-native issuers still have a critical role to play as traditional finance builds new infrastructure.

“Crypto-native stablecoin issuers get an intrinsic grasp of how the blockchainized world functions,” Yea said. “Their years of experience, knowledge, and trials would be invaluable for the construction of institutional-grade stablecoin infrastructure.”

He likened the dynamic to traditional industries relying on digital consultants during early transformation efforts.

“The traditional financial world’s navigation into the on-chain economy could have some help too from the natives,” he said.

Yea added that if legacy players are to seriously engage with the stablecoin sector, crypto issuers must also step up their alignment with regulatory norms.

“I’d advocate for industry leaders to adopt a more proactive fashion with regulations and compliance,” he said. “Without hand-in-hand efforts from both sides, it’s going to be hard for the pie to grow as a whole.”

For now, the discussion among banks remains in its infancy and could change at any time, per the report.

Tether and Circle did not immediately respond to requests for comment.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source link

May 23, 2025 0 comments

Crypto Trends

Sonic Labs announces GSR as the official market maker for S

by admin May 23, 2025

Sonic Labs has picked crypto capital markets firm GSR as the official market maker partner for Sonic blockchain’s native token.

GSR will help Sonic (S) token gain market traction by delivering deep liquidity and strategic guidance, the Sonic Labs team said in an announcement.

As well as becoming the official market maker partner, GSR, a trading firm founded in 2013 and regulated by the Monetary Authority of Singapore and the United Kingdom’s Financial Conduct Authority, will offer full-stack support for S.

The partnership targets the broader decentralized finance, with GSR set to offer support to early-stage projects building within Sonic’s DeFi ecosystem. Sonic Labs says GSR’s emphasis on transparency is key to this collaboration.

“In today’s market, we look for more than just liquidity providers,” said Michael Kong, chief executive officer of Sonic Labs. “We seek partners who are embedded in the network, contribute to DeFi, engage with projects directly, support global community events, and keep open, proactive communication. GSR exemplifies this standard.”

Sonic Labs launched the mainnet of Sonic in December 2024, with the S token and transition from Fantom’s FTM token happening at a 1:1 swap in early 2025. The layer-1 blockchain offers Ethereum Virtual Machine compatibility, verifiable 10,000 transactions per second and sub-second finality.

Meanwhile, GSR’s footprint in the digital asset market includes over-the-counter trading, derivatives and market making. The firm is also a multi-stage investor. Its latest portfolio investments include Sei, The Open Network and Ethena, the synthetic dollar protocol on Ethereum.

In a comment on the partnership with Sonic Labs, GSR head of U.S. business development Alex Taaffe said:

“At GSR, our role goes beyond trading, we’re here to help teams scale and build what’s next. We support innovative protocols with liquidity, helping founders get tokens market-ready, and encourage sustainable on-chain activity to drive long-term growth. Sonic’s speed, infrastructure, and community-first approach stand out in a meaningful way.”

Source link

May 23, 2025 0 comments

Crypto Trends

Bitcoin Breaks Records as Market Value Hits Historic Peak – Here Are The Key Drivers

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market recently witnessed a historic moment as Bitcoin, the largest digital asset, rallied hard to a new all-time high on Wednesday, triggering renewed optimism in the sector. After the milestone, BTC’s bullish performance has been analyzed and attributed to several key favorable conditions.

Triggers Behind Bitcoin’s Sharp Growth

Since gaining upward traction in April, the market value of Bitcoin has officially risen to a new all-time high of $111,867, surpassing its previous peak at the $109,241 level achieved during United States President Donald Trump’s inauguration on January 20. The notable upsurge to a new peak marks a major turning point in the cryptocurrency’s development as a widely recognized financial instrument. However, this spike is being driven by a combination of strong variables rather than speculative hype.

According to Santiment, a leading on-chain data platform, this milestone was reached just six weeks after the news of Trump’s tariffs caused the crypto sector to display extreme FUD (Fear, Uncertainty, and Doubt). This is a clear example that crypto markets have often moved in the opposite direction of institutional whales’ capital and retail expectations.

The on-chain platform has also taken a step to outline the key factors that supported the recent rally to a new all-time high. Aside from the tariffs being lowered and the 90-day truce between the US and China, a major factor behind the BTC’s rally highlighted by Santiment has been the increasing number of institutional investors.

BTC’s milestone triggering crowd interest | Source: Santiment on X

This heightened institutional interest has been observed among top asset management firms like BlackRock, Fidelity, Ark Invest, and others. Santiment noted that BlackRock’s interest is evidenced by the expansion of its BTC holdings through its Spot Bitcoin ETF, IBIT, which currently breached the $20 billion milestone. During the period, Fidelity and Ark Invest have also reported record inflows.

BTC’s notable surge has triggered bullish sentiment in the sector. Due to ongoing tariff uncertainties and widespread jadedness, there has not been much FOMO, therefore, the path was paved for BTC to finally create history.

BTC’s Bullish Move Set To Extend To New Highs

Over time, Bitcoin has swiftly transformed from a speculative asset to a vital part of diversified investments. This is because of its increasing inclusion in the portfolios of significant asset managers and hedge funds. With the growing presence and crowd’s greed, Santiment is confident that BTC might surge to the $115,000 and $120,000 price range in the near future.

Ali Martinez, a crypto analyst and trader, also predicted a continuation of the uptrend, claiming that BTC is entering price discovery. Given the robust performance so far, Martinez believes that the next key levels to watch include $116,000, $126,000, $136,000, and $148,000.

At the time of writing, Bitcoin was trading at $110,834, demonstrating a nearly 9% increase in the past week. Data from CoinMarketCap shows that investors are capitalizing on the ongoing upward trend as BTC’s trading volume has risen sharply by more than 73% in the past day.

BTC trading at $110,514 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

May 22, 2025 0 comments

NFT Gaming

Ecosystem Activity Surges Amid Market Optimism

by admin May 22, 2025

BNB’s impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.

The token’s upward momentum coincides with Bitcoin’s approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses.

Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research’s technical analysis data model.

Technical Analysis Highlights

Price action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).
Strong volume support established around the $663-$670 zone.
The asset encountered resistance near $689.35 during the 03:00 hour on May 22nd before a minor pullback.
Support maintained at $679.08, suggesting continued bullish momentum.
Notable volatility in the last hour with a significant price surge between 07:35-07:37, climbing from $680.85 to $683.78 (0.43% increase).
Multiple tests of $682.00 level showing buyer interest, with resistance around $683.90.
Volume peaked during the 07:37 period with over 7,190 units traded, confirming strength of upward movement.
Final minutes showed consolidation around $682.28, suggesting temporary equilibrium after volatile trading.

External References

Source link

May 22, 2025 0 comments

NFT Gaming

SHIB Burns Skyrocket 11,899% As Crypto Market Gains Large Momentum

by admin May 22, 2025

The Shibburn tracker has revealed that over the past day, the SHIB burn metric has logged a five-digit increase with several tens of millions of meme coins sent out of circulation.

This sudden SHIB burn surge took place after the crypto market gained bullish momentum thanks to a new all-time high reached by Bitcoin.

You Might Also Like

Burn rate jumps 11,899%

The recent update published by the aforementioned source of data reveals that over the past 24 hours, the SHIB burn rate has spiked by an impressive 11,899% thanks to a large amount of meme coins burned this time cumulatively: 28,682,712 SHIB.

There have been three burn transactions today so far and they carried 15,106,880 SHIB, 6,466,388 SHIB, and 7,109,444 SHIB to unspendable blockchain wallets. The transactions were initiated by anonymous whales.

Source: Shibburn

1,095,269,361 SHIB burned in last week

According to a weekly burn update published by the Shiba-Inu-affiliated X account “Shibarium Updates” (@Shibizens), over the last week, the SHIB team have managed to dispose of a massive meme token amount.

In total, 1,095,269,361 SHIB has been driven out of the crypto market and locked in dead-end wallets. These burns were conducted via the SHIB burn portal on the Shiba Inu website.

ShibTorch – Weekly Burn Update

Total Burned: 1,095,269,361 SHIB
Change from Last Week: 🔥 +4.30%

Latest Burns:
•May 21, 2025 – 07:00 UTC: 15,106,880.28 SHIB
•May 19, 2025 – 02:24 UTC: 14,993,658.85 SHIB

Currently Collecting:
•2,491,920.75 SHIB
•115.52 BONE pic.twitter.com/No1so7Jr4L

— Shibarium Updates 📢 (@Shibizens) May 21, 2025

The two latest burns, registered there featured 14,993,658.85 SHIB (May 19) and 15,106,880.28 SHIB (May 21). As soon as another minimum amount of SHIB is collected from transaction fees on Shibarium, another burn will take place. So far 2,491,920.75 SHIB and 115.52 BONE have been collected to be burned later on.

You Might Also Like

Market gains momentum thanks to new Bitcoin ATH

On May 21, the largest digital currency by market capitalization, Bitcoin, registered a price jump as it finally reached the long-anticipated new all-time high. This time, BTC soared to $111,861.

The previous historic peak was smashed on January 20, with Bitcoin reaching $109,356 per coin. The current price surge took place as spot Bitcoin ETFs registered massive inflows ($329 million came in on Tuesday). Another trigger was the US Senate finally passing the stablecoin bill, removing a key procedural barrier for US crypto businesses and serving as a big bullish driver for the broader cryptocurrency market.

At press time, Bitcoin is changing hands at $110,484.

Source link

May 22, 2025 0 comments

GameFi Guides

A Crypto Bull Market Ahead? Bitwise CIO Says This Stablecoin Bill Changes Everything

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The United States Senate made a significant move toward regulating the crypto asset industry this week by advancing the GENIUS Act, a bill aimed at establishing a comprehensive framework for stablecoins.

The measure passed the cloture vote with bipartisan support, including a notable shift from 16 Democrats who had previously opposed it. Bitwise Chief Investment Officer Matt Hougan sees the development as potentially laying the groundwork for a prolonged digital asset bull market.

Stablecoins Take Center Stage in Regulatory Push

According to Hougan, the GENIUS Act marks one of the most impactful pieces of regulatory progress for crypto in US history, perhaps even more influential than the approval of spot Bitcoin ETFs earlier this year.

He explained in a note to clients that this legislation could normalize the use of blockchain-based financial tools beyond digital currencies, ultimately pushing institutional adoption. Hougan framed the bill’s advancement as a critical moment akin to “Wall Street and crypto getting married.”

The GENIUS Act outlines strict federal guidelines for stablecoin issuers. It mandates that stablecoins be backed one-to-one with US Treasuries or dollar equivalents, that issuers register with federal banking regulators, and that issuers apply anti-money laundering protocols.

The legislation also calls for regular audits to ensure compliance and transparency. Hougan highlighted the significance of these standards, noting that they could enable major financial institutions such as JPMorgan or Bank of America to confidently issue stablecoins.

Stablecoin market capitalization. | Source: Bitwise Asset Management

Currently, the stablecoin market is valued at more than $200 billion, despite existing without clear federal regulation. Hougan believes that a formal legal framework will allow the market to scale further, potentially reaching $2.5 trillion, by bringing in traditional financial institutions, retailers, and global commerce networks.

He envisions a future where stablecoin transactions are as common as credit card payments or peer-to-peer apps like Venmo, supported by incentives such as merchant discounts and faster settlement times.

Implications Beyond Stablecoins

While the bill directly addresses stablecoins, Hougan emphasized its broader implications for the crypto sector. By enabling dollar movement over blockchain networks, the bill opens the door for other asset classes, such as stocks, bonds, and real estate, to be tokenized and transferred in similar fashion.

This possibility, he said, is central to the long-term investment case for blockchain networks like Ethereum and Solana, as well as for decentralized finance platforms like Uniswap and Aave. Hougan likened the impact of the stablecoin legislation to that of the Bitcoin ETF approvals, which served to validate crypto as a legitimate investment vehicle.

In a similar fashion, he argues, the GENIUS Act will validate blockchain-based finance as a viable infrastructure for the broader financial system. If the bill is finalized and enacted in the coming months, it could be the catalyst for institutional adoption on an entirely new scale. Hougan wrote:

This is the fundamental thesis for investing in non-bitcoin crypto assets like Ethereum, Solana, and the like: that $100+ trillion of financial assets will eventually move over blockchains. Passage of this bill starts that ball rolling. I suspect the impact here will be similar to the impact of bitcoin ETFs.

The global digital currency market cap valuation. | Source: TradingView.com

Featured image created with DALL-E, Chart from TradingView

Source link

May 22, 2025 0 comments

Crypto Trends

1,100% Explosion on Shiba Inu (SHIB) Market Raises Lots of Questions

by admin May 21, 2025

With inflows up 1,109% and outflows up 822% over the last seven days, Shiba Inu, one of the most watched meme coins on the market, has seen an unprecedented spike in on-chain activity. These figures increase even more over the 30- and 90-day periods, showing an astounding +1,155% and +1,141% increase in inflows, respectively. At 1,582% and 815%, respectively, outflows are not far behind. All that surge in activity is raising numerous questions: who’s behind it? Why is the price not moving, and what should the market expect?

These numbers point to a highly erratic on-chain environment with significant capital movement taking place on both ends. SHIB is still in the consolidation phase on the price chart, trading at about $0.000016, just below the 200 EMA resistance level. Although there have been rapid changes on the chain, price momentum has not yet materialized. This implies that internal repositioning, profit-taking or preemptive allocation may be more responsible for the large holder behavior than new retail demand or strong market conviction.

Source: IntoTheBlock

At the moment, the 200 EMA at $0.000016 serves as a definite resistance level, while the 100 EMA at $0.000014 is still a critical support level. Volume has stayed low in comparison to the early May surge, and the RSI is in neutral territory at about 60, suggesting that there is potential for either continuation or retracement. These factors support a more cautious near-term outlook. The increase in inflows and outflows is simultaneously a warning sign and a sign of good things to come.

You Might Also Like

In light of changing macro and market conditions, it marks a time of significant redistribution, most likely planned by whales to modify their exposure to SHIB. Such activity usually comes before a directional move, but it is unclear if this will resolve bullishly or result in a local top without price and volume confirmation.

SHIB traders are currently advised to keep an eye on the price boundaries at $0.0000135 and $0.000016. The next big trend may be determined by a breakout above or below these. Without strong technical follow-through, this behavior might just remain noise, but in a larger context, it might resemble the meme-driven hype cycles from previous bull phases.

Source link

May 21, 2025 0 comments

Gaming Gear

AMD launches Radeon AI Pro R9700 to challenge Nvidia’s AI market dominance

by admin May 21, 2025

AMD has been busy at Computex 2025, where the chipmaker unveiled the exciting Radeon RX 9060 XT and the Ryzen Threadripper 9000 series. To cap off its series of announcements, AMD is thrilled to introduce the Radeon AI Pro R9700, a PCIe 5.0 graphics card designed specifically for professional and workstation users.

RDNA 4 is an architecture geared towards gaming, but that doesn’t mean AMD can’t apply it to professional-grade graphics cards. For instance, RDNA 3 saw the mainstream Radeon RX 7000 series successfully coexisting with the Radeon Pro W7000 series. The same situation will occur with RDNA 4. AMD has already unveiled four RDNA 4-powered gaming graphics cards, yet the Radeon AI Pro R9700 is the first RDNA 4 professional graphics card to enter the market. The new workstation graphics card aims to replace the RDNA 3-powered Radeon Pro W7800, which has been faithfully catering to consumers since 2023.

The Radeon AI Pro R9700 utilizes the Navi 48 silicon. It’s currently the largest RDNA 4 silicon to date, with a die size of 357 mm² and home to 53.9 billion transistors. Navi 48 is also found in the Radeon RX 9070 series. It’s a substantially smaller silicon than the last-generation Navi 31 silicon, which is 529 mm² with 57.7 billion transistors. It’s nothing short of impressive that Navi 48 is roughly 33% smaller but still has 93% of the transistors of Navi 31.

AMD Radeon AI Pro R9700 Specifications

Swipe to scroll horizontally

Graphics Card

Radeon AI Pro R9700

Radeon Pro W7800

Architecture

Navi 48

Navi 31

Process Technology

TSMC N4P

TSMC N5 / N6

Transistors (Billion)

53.9

57.7

Die size (mm²)

357

529

SMs / CUs

GPU Shaders (ALUs)

4,096

4,480

Tensor / AI Cores

128

140

Ray Tracing Cores

Boost Clock (MHz)

2,525

VRAM Speed (Gbps)

VRAM (GB)

32 / 48

VRAM Bus Width

256-bit / 384-bit

L2 / Infinity Cache (MB)

64 ⁄ 96

Render Output Units

128

Texture Mapping Units

256

280

TFLOPS FP32 (Boost)

45.3

TFLOPS FP16 (INT4/FP4 TOPS)

90.5

Bandwidth (GB/s)

576 / 864

TBP (watts)

300

260 / 281

Launch Date

July 2025

April 2023

Launch Price

$2,499 / ?

AMD, being AMD as usual, didn’t reveal the Radeon AI Pro R9700’s entire specifications. However, the chipmaker did boast about the graphics card’s 128 AI accelerators, meaning it’s leveraging the full Navi 48 silicon. That means the Radeon AI Pro R9700 is rocking 4,096 SPs, 9% fewer than the Radeon Pro W7800. It also correlates to the former having 9% less AI accelerators. In the Radeon AI Pro R9700 ‘s defense, the CUs are RDNA 4, and the AI accelerators are second generation.

Regarding FP16 performance, the Radeon AI Pro R9700 peaks at 96 TFLOPS, 6% faster than the Radeon Pro W7800. AMD rates the graphics card with a 1,531 TOPS of AI performance.

AMD claims the Radeon AI Pro R9700 offers 2X improved performance over the Radeon Pro W7800 in DeepSeek R1 Distill Llama 8B. For some strange reason, AMD compared the Radeon AI Pro R9700 to the GeForce RTX 5080. Tested in a few large AI models, the Radeon AI Pro R9700 delivered up to 5X higher performance than the RTX 5080.

Image 1 of 9

(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)

The Radeon AI Pro R9700 is equipped with 32GB of GDDR6 memory. AMD has not disclosed the specifications regarding the speed of the memory chips or the width of the memory interface. Given that the Radeon Pro W7800 features 18 Gbps GDDR6, it is reasonable to conclude that the Radeon AI Pro R9700 should utilize memory chips with superior speed.

With 32GB of onboard memory, the Radeon AI Pro R9700 can tackle most AI models. It has the capacity of the Radeon Pro W7800, but not as much as the 48GB variant. The Radeon AI Pro R9700’s typical blower-type design will enable users to rock up to four of them inside a single system, such as AMD’s Ryzen Threadripper platform, which has good multi-GPU support. With four of them, users will have access to 128GB, more than enough for heavy models that exceed 100GB of VRAM usage.

Image 1 of 6

(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)(Image credit: AMD)

The Radeon AI Pro R9700 has a 300W TBP (Total Board Power). It’s 15% greater than the Radeon Pro W7800 32GB and 7% higher than the Radeon Pro W7800 48GB. Similar to most workstation-grade graphics cards, the Radeon AI Pro R9700 has the power connector at the rear. However, AMD has not indicated the type of power connector it employs, and it’s not visible in the provided renders. Considering the 300W rating, we would anticipate it to require two 8-pin PCIe power connectors. The Radeon AI Pro R9700 renders illustrate the graphics card featuring four DisplayPort outputs. Since it utilizes the RDNA 4 architecture, these outputs should conform to the 2.1a standard.

AMD has announced that the Radeon AI Pro R9700 will launch in July, but it has not revealed pricing details. In contrast, the Radeon Pro W7800 debuted at $2,499 two years ago and has maintained most of its value, currently priced at $2,399. We will soon learn the price of the Radeon AI Pro R9700 as its launch approaches in just a couple of months. AMD anticipates a healthy supply of the Radeon AI Pro R9700 from its partners, including ASRock, Asus, Gigabyte, PowerColor, Sapphire, XFX, and Yeston.

Follow Tom’s Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.

Source link

May 21, 2025 0 comments

Crypto Trends

Binance Wallet Grabs 95% DEX Market Share

by admin May 20, 2025

$5,100,000,000 in 24 hours: Binance Wallet hits new dominance milestone
Airdrops, prelisting trading, rewards: Key pillars of Binance Wallet’s success

Binance Wallet, a self-custody Binance wallet with KYC, has taken the DEX market by storm. Yesterday, it set a new record, having reached $5 billion in trading volume. Three weeks ago, this metric was below $200 millon. As of today, Binance’s unit surpassed all of its rivals, including MetaMask.

$5,100,000,000 in 24 hours: Binance Wallet hits new dominance milestone

Binance Wallet, a noncustodial cryptocurrency wallet by Binance, routinely sets new trading volume ATHs. During the May 19, 2025 session, it handled about $5.1 billion in 24 hours. The closest competitor, OKX, barely exceeded $120 million across wallets, DEXes and API combined, as on-chain researcher @LZ_web3 displayed on Dune.

Image by lz_web3 via Dune

As a result, Binance Wallet accomplished 95% dominance in the segment of decentralized crypto wallets with built-in exchange features.

To put the numbers in the context, it should be stressed that ConsenSys’s MetaMask, the most popular on-chain wallet, only processed $9 million in swaps, which is 555x lower than that of Binance Wallet.

The leader established its dominance quickly. On May 1, 2025, it processed less than $200 million. As such, in just three weeks, Binance Wallet increased its volume by 25x.

Binance Wallet is also responsible for one of three active cryptocurrency wallets in the DEX segment, another dashboard says.

Airdrops, prelisting trading, rewards: Key pillars of Binance Wallet’s success

As covered by U.Today previously, such impressive growth is far from being 100% organic. Binance Wallet users can access Binance Alpha, a massive program of prelisting trading of early-stage tokens with amazing volatility.

You Might Also Like

Also, Binance Wallet users are eligible for rewards, airdrops within its points-based incentive for customers. Proportionally to their trading volume, users can get rewards in new tokens arriving on Binance Wallet.

Yesterday, Binance Wallet also almost lifted fees on the most trending tokens. Order fees on Binance Futures for 10 assets were reduced from 0.15% to 0.01%.

Source link

May 20, 2025 0 comments