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NVIDIA Notifies Chinese Customers of Revised Chip: Plans to Launch Updated H20 Chip in July

4 hours ago

May 10th. According to a report on May 9th from the Straits Times website in Singapore, approximately one month after the U.S. government imposed export restrictions on NVIDIA's H20 artificial intelligence (AI) chip, it is reported that NVIDIA plans to launch a downgraded version of the H20 for the Chinese market in the next two months. Reuters reported on May 9th, citing three sources, that NVIDIA has informed its key Chinese customers, including giants in the cloud computing sector, that it plans to release a modified version of the H20 chip in July. It is reported that NVIDIA has set new technical thresholds to guide the design of the modified chip. Sources said that compared to the original H20, these specifications will lead to a significant degradation in the chip's performance, including a substantial reduction in memory capacity. (Jinse)
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Three Florida Teens Kidnap Cryptocurrency Event Organizer, Steal $4 Million in Crypto

May 10th. Three teenagers from Florida have been charged with gunpoint kidnapping a man. They took him to a remote desert area about an hour outside of Las Vegas and stole $4 million worth of cryptocurrency and other digital assets. Records show that Belal Ashraf and Austin Fletcher, both 16 and from Pasco County, along with another teenager, face charges including robbery, kidnapping, and extortion. A juvenile court judge had previously determined that Ashraf and Fletcher should be treated as adults. During Friday's Fletcher's probable cause hearing, prosecutors stated that the third teenager is no longer in the United States. The prosecutors also said that these individuals are accused of stealing $4 million worth of cryptocurrency and NFTs. According to the documents, last November, a man reported that three youths had kidnapped him at gunpoint, taken him to a remote desert area, and stolen millions of dollars in assets from him. Police said that evening the victim had attended a

14 minutes ago

Trump: India and Pakistan Agree to Immediate, Full Ceasefire

On May 10th, U.S. President Trump said, "After a long night of the United States' mediation, I am glad to announce that India and Pakistan have reached an agreement to implement a comprehensive and immediate ceasefire. Congratulations to both countries for showing common sense and great wisdom. Thank you for your attention to this matter!"

14 minutes ago

Due to the resurgence of altcoins, investors' perception of cryptocurrency is quickly changing.

This Wednesday, on May 10th, New Hampshire passed a bill this week, enabling the state to establish a strategic Bitcoin reserve. A day after that, Arizona also passed legislation in support of cryptocurrency reserves. As the November election approaches, the momentum at the state level indicates that political leaders are paying more attention to digital asset policies. Recently, President Trump's optimistic remarks regarding the upcoming US-China trade negotiations have alleviated market anxiety. These remarks are in line with a new trade agreement signed between the US and the UK, which will eliminate reciprocal tariffs and reduce tariffs on US goods, further boosting confidence in the stock and crypto markets. Analysts state that the recent trends suggest a decisive departure from the depressed price action that affected altcoins in March and April. "Traders believe that the crypto industry may have finally found a new impetus as a hedge against market uncertainty," said Nick Ruck

14 minutes ago

DeFi platform Zaros to Cease Operations Due to Fund Depletion

On May 10th, the DeFi platform Zaros announced that it would cease project operations due to the exhaustion of funds. "During the past five months, we have made every effort to explore every possible path, including transformation, extending the funding timeline, and evaluating strategic options. Despite the team's tremendous endeavors, we no longer have the funds to continue driving this project forward." The team encountered many problems, such as launching the entire product at one time instead of implementing modular releases and the timing of the token launch. BlockBeats previously reported that on May 23, 2024, the DeFi platform Zaros completed a $1.8 million financing round, with the participation of SNZ Holdings, Seven Capital, Cogitent Ventures, DCI Capital, Antony Sassano, Fernando Martinelli, Kieran Warwick, Andy Chen, and Kevin Lu, etc. Zaros aims to enhance perpetual futures trading by using Liquid Stake Token (LST) and Liquid Restake Token (LRT).

14 minutes ago

Ukraine is prepared to observe an unconditional ceasefire for at least 30 days

May 10th (local time). Ukrainian Foreign Minister Kuleba declared that following the meeting among Ukrainian President Zelensky and German Chancellor Merkel, French President Macron, Polish Prime Minister Morawiecki, and UK Prime Minister Johnson in Kyiv, they had a phone call with US President Trump. Kuleba stated that Ukraine and all its allies are prepared to achieve at least a 30-day comprehensive and unconditional ceasefire on land, in the air, and at sea starting from the 12th. Kuleba mentioned that if Russia agrees and can effectively supervise the ceasefire, a lasting ceasefire and confidence-building measures could open the way for peace talks. (FX168)

14 minutes ago

High-Stakes Ethereum Whale Reduces Half of Position, Potentially Facing $7.33 Million Loss

On May 10th, according to the monitoring of ai_9684xtpa, the whale address 0x8f9...f55A0 accumulated 15,332 ETH (approximately $51.7 million) at the peak of Ethereum four months ago. Subsequently, half of it was deposited into StakeStone. Just an hour ago, they withdrew all 7665 ETH and deposited it into a trading platform. If sold, they may face a potential loss of $7.33 million.

14 minutes ago