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BTC $63,681.12 +0.29%
ETH $1,667.09 -0.99%
BNB $605.82 +0.23%
XRP $1.12 -0.35%
SOL $67.09 +0.69%
TRX $0.3148 +0.35%
DOGE $0.0876 +1.44%
ADA $0.1710 +1.19%
BCH $203.68 -0.54%
LINK $7.85 -0.81%
HYPE $61.14 +5.22%
AAVE $64.81 +0.54%
SUI $0.7508 -1.46%
XLM $0.1888 -1.63%
ZEC $415.11 -4.96%

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NVIDIA plans to market the Vera AI CPU to Chinese customers, and some cloud providers intend to start testing deployments

Sources say that Nvidia has begun marketing its first standalone Central Processing Unit (CPU) product, Vera, to Chinese customers. This chip is designed for Agentic AI systems and has now entered mass production, marking Nvidia's attempt to further expand its presence in the Chinese market through CPU products.Insiders indicate that some Chinese customers have shown interest in Vera. One large Chinese cloud computing company plans to purchase over 300 servers equipped with dual Vera CPUs for testing and will decide whether to scale up purchases after the testing is completed.Vera is built on the Arm Holdings architecture and is Nvidia's first standalone CPU product. Nvidia previously stated that Vera's performance in AI agent-related computing tasks can reach 1.8 times that of competing products, and it is expected that this product will contribute approximately $20 billion in revenue before the end of the current fiscal year (by the end of January next year).Reports point out that as the focus of the AI industry gradually shifts from model training to inference computing, CPUs and custom chips are gaining more attention. Vera also puts Nvidia in direct competition with Intel and Advanced Micro Devices (AMD), which have long dominated the server CPU market.Insiders have noted that due to strict restrictions imposed by the U.S. on high-end GPU exports, CPUs face relatively fewer regulatory hurdles in the Chinese market compared to GPU products. Currently, some Chinese customers plan to first deploy Vera chips in overseas data centers for testing. Meanwhile, software ecosystem compatibility and the existing domestic AI chip deployment system may still affect the subsequent large-scale adoption of Vera.

Raydium core contributors: will fully compensate for stolen assets, the current mainnet program has not been affected

Raydium core contributor InfraRAY posted on platform X, stating that the team has confirmed that the old version of the AMM V3 program, which was previously discontinued in 2021, has been attacked. The attacker unauthorizedly removed part of the liquidity, but this incident does not affect current Raydium users, and the related liquidity pools have been unable to interact through the official Raydium UI since being disabled. The Raydium SDK and DApp also do not support operations on the mainnet old version AMM V3 liquidity pools.The five affected liquidity pools include: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Preliminary statistics show that the stolen assets include approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC, with a total value of about $1.34 million. The related losses will be fully compensated by the treasury.Investigations reveal that the vulnerability originated from insufficient verification of the LP token minting address. The attacker created new LP tokens and impersonated legitimate LP tokens, bypassing the protocol's ratio verification mechanism to extract funds. However, this incident is classified as an independent logical vulnerability and is not due to private key leakage or permission intrusion, and there is no risk of spread. Currently, all existing Raydium mainnet programs have not been affected.

Coinbase CEO: About 50% of contract trading volume comes from U.S. users using offshore products via VPN

Coinbase CEO Brian Armstrong tweeted, "For years, cryptocurrency trading has been shifting overseas due to the lack of clear regulatory rules in the U.S., and while perpetual contracts are favored by traders, they are banned in the U.S. Frankly, about half of the perpetual contract trading volume comes from U.S. users who use offshore products via VPNs, and KYC checks are lax. Other companies have set up offshore entities to find ways to evade regulation. After dozens of trips to Washington, D.C., and numerous communications from our policy team, we finally received approval to allow U.S. users to access true global perpetual contracts."Previously, the CFTC's Market Participants Division issued a clarification letter and a no-action letter to registered futures commission merchant Coinbase Financial Markets (CFM), allowing it to offer cryptocurrency options and perpetual contracts listed on the affiliated offshore exchange Deribit FZE to U.S. users. The letter confirmed that the aforementioned perpetual contracts can be classified as foreign futures under CFTC Regulation 30.1.Additionally, under specific conditions, the CFTC will not recommend enforcement action regarding CFM transferring digital commodities held by customers and paying stablecoins to its offshore brokerage affiliates for margin purposes, and that affiliate may exercise reuse rights over the aforementioned customer assets.
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