News

BlockBeats News, June 7th, according to HyperInsight monitoring, the 「BTC OG Whale Insider」's agent Garrett Jin address closed a ZEC short position 10 minutes ago, ultimately profiting $11.24 million. Currently, the address is still 5x long with a position of 1268.33 BTC, realizing a loss of $18.17 million.

BlockBeats News, June 7th, NVIDIA (NVDA.O) CEO Jensen Huang said that the company's new Vera central processing unit will use SK Hynix's storage chips, and the two companies are expected to further cooperate in the next year. Jensen Huang told reporters outside a restaurant in Seoul on Sunday that he had dinner that day with SK Group Chairman Choi Tae-won, SK Hynix CEO Lee Seok-Hee, and SK Telecom executives. He said, "Our cooperation with SK Hynix this year is very large in scale, and we are preparing for even larger-scale cooperation in the second half of this year and next year. We have launched the Vera CPU, which is a revolutionary central processor and will also use SK Hynix's DRAM memory." Vera is NVIDIA's first independent data center microprocessor, directly competing with Intel's Xeon series, AMD's EPYC chips, and custom chips from large enterprises like Amazon's Graviton. Jensen Huang arrived in Korea on Friday to visit partners and suppliers. He plans to meet with Samsung Electronics Vice Chairman Jay Y. Lee on Monday, as well as executives from Hyundai Motor Group and LG Group. He also mentioned that discussions are underway with telecommunication companies because future telecom networks will be used for artificial intelligence applications. (Golden Finance)

BlockBeats News, June 7th - Trader Eugene Ng Ah Sio announced on his personal channel that he has mostly exited the cryptocurrency market since May 13th this year and has shifted his focus to stock market research. He believes that compared to the current crypto market, the stock market is more attractive in terms of research depth, cognitive challenges, and trading and investment opportunities. Based on his assessment of the industry's current situation, he expects to maintain this strategy for the foreseeable future, only keeping an eye on cryptocurrency industry trends without actively participating in trading. Eugene further stated that he has no plans to re-enter the crypto market unless an extremely attractive risk-reward opportunity appears, which he has not seen yet. He believes that the development trajectory of the crypto market is weakening its attractiveness as a trading and investment field, so he will focus on the traditional stock market in the short term. Regarding his strategy, Eugene believes that the related risks are just beginning to emerge. He mentioned that even though Strategy has recently sold more Bitcoin, it is merely delaying the issue rather than solving it. He is not optimistic about Bitcoin's long opportunities until the strong correlation between Strategy and Bitcoin is broken. As for the market's bottom position, he admitted his inability to determine it and mentioned that he no longer attempts to catch falling knives through bottom fishing trades.