| Mobile Web

All articles List

Crypto

Bitcoin wavers on stronger dollar as shorts rise and longs liquidated

Bitcoin is under short-term downside pressure as a stronger dollar coincides with weakness in the derivatives market. The U.S. dollar index has climbed to an 18-month high, while short positions betting on declines have increased and long positions have been liquidated. Analysts say dollar strength can curb risk appetite and weigh on crypto inflows. They added that ongoing liquidations could amplify volatility, while easing dollar strength may reduce selling pressure.

Crypto

Kazakhstan to sell gold, cut share by 3 points as U.S. Treasury yields surge

Kazakhstan's central bank plans to cut gold's share of its foreign exchange reserves to 75% from 78% by year-end as surging U.S. Treasury yields boost the appeal of dollar assets. The country holds 386 tonnes of gold after halting sales in February 2025. The bank will execute about half of the planned reduction through options sales and the rest via spot sales, with volumes potentially affected if gold prices fall below $4,000 an ounce.

AI & Enterprise

Google and Meta turn back to Nvidia tie-up on AI networking hardware

Google and Meta are adopting Nvidia's AI networking hardware even as they develop their own AI semiconductors to reduce reliance on Nvidia. Nvidia unveiled the plan at the Open Compute Project global summit in San Jose. Meta will build open AI networking using Nvidia Spectrum-X and Spectrum-6, while Google will support Falcon Transport on Nvidia ConnectX-10 and BlueField DPU. Nvidia also shared rack designs and new data centre standards with partners.