BTC $79,202.73 -0.91%
ETH $2,488.26 -0.29%
BNB $739.18 -1.48%
XRP $1.40 -1.17%
SOL $103.94 -1.60%
TRX $0.3345 -0.18%
DOGE $0.0903 +0.43%
ADA $0.2200 -0.28%
BCH $260.02 +1.14%
LINK $12.76 +2.86%
HYPE $85.44 -2.26%
AAVE $132.12 -0.70%
SUI $0.8299 +3.34%
XLM $0.1928 +4.70%
ZEC $1,155.98 -5.05%
BTC $79,202.73 -0.91%
ETH $2,488.26 -0.29%
BNB $739.18 -1.48%
XRP $1.40 -1.17%
SOL $103.94 -1.60%
TRX $0.3345 -0.18%
DOGE $0.0903 +0.43%
ADA $0.2200 -0.28%
BCH $260.02 +1.14%
LINK $12.76 +2.86%
HYPE $85.44 -2.26%
AAVE $132.12 -0.70%
SUI $0.8299 +3.34%
XLM $0.1928 +4.70%
ZEC $1,155.98 -5.05%

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first_img The United States' crackdown on Iranian oil tankers has driven up oil prices, while Bitcoin has fallen nearly 1% to $79,700

Bitcoin price fell nearly 1% to around $79,700, as escalating conflicts between the United States and Iran pushed oil prices higher. The U.S. Central Command confirmed on Saturday that it struck three Iranian oil tankers located near Halk Island, Jask, and the Gulf of Oman. Admiral Brad Cooper stated that if Iran attacks U.S. vessels, the U.S. will impose a higher economic cost.The U.S. Central Command updated maritime blockade data, stating that since resuming operations on July 14, it has redirected 92 merchant ships, disabled 3, and boarded 2 for inspection. Oil prices rose by 1% in both the U.S. and European markets, with WTI at $92.72, marking a cumulative increase of over 6% in the past seven days. The rise in oil prices could exacerbate global inflation, making it more difficult for central banks, including the Federal Reserve, to cut interest rates.Additionally, the U.S. employment data for August released last Friday was stronger than expected, reinforcing expectations for an interest rate hike by the Federal Reserve. However, Trump immediately posted on Truth Social calling for a rate cut, stating that a strong nation means lower interest rates. This uncertainty may dampen risk appetite for Bitcoin and the broader market. Furthermore, late Sunday night, the Liquid Network, used by exchanges as a settlement layer, suffered a $320 million attack.

first_img South Korea's budget for each NVIDIA Vera Rubin rack is 27.5 billion won

According to Money Today, the South Korean government has budgeted 27.5 billion Korean won per rack for NVIDIA's next-generation AI chip Vera Rubin, which is higher than previous estimates by foreign media. The Ministry of Science and ICT's budget for GPU server expansion next year is 3.85 trillion Korean won, all allocated for the procurement of 140 Vera Rubin NVL72 server racks. Each NVL72 rack is equipped with 72 Rubin GPUs and 36 Vera CPUs, totaling 10,080 Rubin GPUs. This batch is independent of the 52,000 advanced GPUs announced by the ministry to be acquired by 2028, and the actual supply may be adjusted according to NVIDIA's delivery situation.The budget of 27.5 billion Korean won per rack is significantly higher than foreign media predictions. U.S. investment bank Bernstein's June report estimated the cost of a Vera Rubin NVL72 rack at 9.1 million dollars (approximately 12.3 billion Korean won), while Morgan Stanley estimated it at about 7.8 million dollars (approximately 10.5 billion Korean won). The government stated that the budget has taken into account potential price increases due to GPU shortages and the costs of supporting facilities. This batch of chips will be used for the development of next-generation cutting-edge models such as general artificial intelligence. Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sook mentioned in June that creating a model on par with Anthropic's large model Mythos would require about 10,000 Vera Rubins, and this scale of 140 units is comparable.
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