Author: altcoinvest
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Nvidia has announced new South Korean partnerships with SK Hynix, Naver, SK Telecom, Doosan Group, LG Group, and Hyundai Motor Group. The agreements came during CEO Jensen Huang’s visit to South Korea, where he met several corporate leaders. Nvidia announced South Korean AI partnerships with SK Hynix, Naver, SK Telecom, Doosan, LG, and Hyundai. SK Hynix signed a multi-year memory partnership to support Nvidia’s global AI data center plans. South Korea’s Kospi fell 8.3%, while Samsung and SK Hynix shares dropped after a strong tech rally. The companies did not disclose the financial value of the deals. Nvidia said the…
Memecoin issuance platform Pump.fun’s new bounty product has produced its first controversy.A user posting as Arivu on X said he completed a Pump.fun GO bounty last week that asked someone to tattoo the ticker “$boutywork” on their forehead and provide video proof. The task appeared to reference a token called $Bountywork, but the bounty description itself used the misspelled version “$boutywork.”Arivu said he followed the task exactly.“Guys I have followed everything exactly what the name mentioned in the line,” he wrote on X, adding that it was not his mistake because he tattooed the exact name mentioned by the bounty…
XRP printed $1.08 on June 5, 2026, its lowest level in 19 months, as a stronger-than-expected U.S. jobs news showing 172,000 new positions reignited Federal Reserve rate fears and triggered a cascade that wiped out more than $1 billion in leveraged crypto long positions within 24 hours. Bitcoin plunged to a weekend low of $59,100, and XRP was pulled down with it, extending a drawdown that now stands at approximately 69% from the July 2025 cycle high of $3.65. The token has since stabilized in the $1.12–$1.16 range, recovering roughly 7% from Friday’s trough. The analytical question is not whether…
Bitcoin is under pressure after breaking below key support, with ETF flows shifting from accumulation to selling and the Bitcoin Risk Index flashing danger. At the same time, hotter inflation, weaker GDP data and renewed Iran uncertainty are adding even more pressure to crypto markets. Meanwhile, AI’s memory chip boom is creating new trillion-dollar giants, with SK Hynix, Micron and Samsung soaring on demand for high-bandwidth memory. We’ll break down whether this rally can continue, tweets of the week, dates for your diary and much more. ~~~~~ 🛒 Get The Hottest Crypto Deals 👉 https://www.coinbureau.com/deals/ ♣️ Join The Coin Bureau…
On Monday, June 8, OpenAI confirmed it has confidentially filed S-1 draft with the SEC for an initial public offering (IPO). This move comes as investor appetite for the big technology and AI firms grows. Sam Altman’s OpenAI Files For IPO Today, the Sam Altman-led company wrote, “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it.” OpenAI added currently they have not finalized the timeline. Moreover, the firm cautioned that “it may be a while because there are things we want to do that are likely easier as a private company.” We recently…
Bitcoin fell below $60,000 for the first time since October 2024 on Monday, sinking as low as $59,099 — a move that marks a decline of more than 50% from its all-time high near $126,000. But according to John D’Agostino, Coinbase’s head of institutional strategy, the drop is being welcomed — not feared — by the most sophisticated players in the market. Appearing on CNBC’s Squawk Box Monday morning, D’Agostino said the institutional investors he speaks with regularly are viewing the pullback as an opportunity to accumulate at a discount, not a reason to panic. “I just got off a…
Bank of America is expanding its global payments strategy with a renewed focus on enhancing cross-border transaction capabilities, highlighting the growing importance of efficient international money movement in modern finance. Being one of the world’s largest financial institutions and a company frequently associated with discussions surrounding Ripple and payment innovation, Bank of America’s latest initiative underscores the continued evolution of global settlement infrastructure. Ripple Gains Institutional Momentum Through Major Banking Alliance Ripple partner Bank of America is preparing to launch a new cross-border payments service that incorporates SWIFT. An analyst known as SMQKE on X noted that rather than replacing…
Citrini Research, the firm that sparked massive fear of an artificial intelligence bubble in February and triggered a brief market meltdown, has listed crypto exchange Hyperliquid and its token as a new “compelling” idea. The research firm said in its report on Monday that “unlike the memetic majority of crypto (bitcoin included), HYPE generates legitimate cash flow. On top of that, there is even a buyback mechanism,” according to an excerpt shared on social media, which is gated by a paywalled version of the report. Hyperliquid is a blockchain-based exchange that allows users to trade perpetual futures of crypto and…
Ethereum has dropped to multi-year lows as a key on-chain profitability metric falls to its lowest level since 2017, raising fresh questions about whether the market has fully priced in the current bear cycle. Summary assnode data shows only 11% of the Ethereum supply remains in 3x profit, the lowest level since February 2017. U.S. spot Ethereum ETFs have recorded roughly $845 million in outflows over the past month, highlighting weak institutional demand. ETH faces key resistance near $1,700 as analysts warn historical bottom signals have yet to fully appear. According to crypto.news data, Ethereum (ETH) price traded near $1,685…