The Protocol: Nvidia To Manufacture AI Supercomputers in U.S., New Opportunities for Crypto Miners
Nvidia plans to produce its next generation of AI chips and supercomputers entirely in the U.S., marking a shift towards localizing tech manufacturing. This move is anticipated to benefit crypto miners who can repurpose their facilities for AI and high-performance computing (HPC). Crypto miners possess the necessary large-scale power and cooling systems, positioning them well in the expanding AI economy. Meanwhile, the discussion around privacy in Ethereum is reigniting as developers propose integrating privacy as a core feature of the network, spurred by past sanctions on crypto mixing services like Tornado Cash. In related news, Optimum has raised $11 million to develop a decentralized memory layer for blockchains, highlighting innovation in the space. Additionally, Noble has introduced an Ethereum-compatible rollup, AppLayer, to aid developers in creating applications for real-world assets. As the landscape evolves, regulatory bodies such as the SEC continue to deliberate on cryptocurrency exchange-traded funds, influencing market dynamics.
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