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Kraken’s new xStocks vaults allow investors to seek DeFi yield by lending tokenized Nvidia shares and major U.S. stock-market ETFs. Cointelegraph reported the offering, but provided no details on rates or terms.
Bitcoin advanced as calls by AI executives to slow capability gains pressured Nvidia, Intel, AMD and other chip stocks, according to Decrypt. The cryptocurrency moved higher despite the negative reaction in AI-related equities.
Nvidia is reportedly considering up to $10 billion in Anthropic’s potential IPO. The AI company could seek as much as $100 billion, implying a valuation of about $2 trillion, according to Reuters.
Kalshi plans to seek U.S. approval for about 60 perpetual contracts tied to stocks and ETFs, including Tesla and Nvidia. The proposal would bring 24/7 equity-linked trading to the platform amid a Wall Street dispute over regulatory oversight.
Memecoin pairs involving Robinhood’s tokenized stocks recorded $217 million in volume on Robinhood Chain on Sept. 2, exceeding the $127 million traded in direct stock-token markets, according to data compiled by Adam Tehc.
South Korea plans free AI access for every citizen, with three consortia sharing up to 512 state-supplied Nvidia B200 chips. Beta testing is scheduled for September, and the service is expected to offer unlimited tokens.
Bitcoin and crypto assets gained with U.S. stocks after Nvidia’s second-quarter earnings beat expectations by about $4 billion. Bitcoin is drawing attention around the $81,000 level as risk assets strengthen.
Decrypt reports that Nvidia’s potential acquisition of Hugging Face could concentrate more of the open-source AI pipeline—from chips to model distribution—within one company, with possible implications for developers and users.
Nvidia shares rose 8% after an earnings beat and strong outlook, lifting technology stocks, AI infrastructure companies and bitcoin, CoinDesk reported. NVDA and BTC were among the assets at the center of the market reaction.
Nvidia shares surged in after-hours trading after the chipmaker reported record quarterly revenue of $96.2 billion. The company also disclosed $366 billion in future commitments and up to $108.5 billion in guarantee exposure.
Nvidia shares rose after the company reported fiscal second-quarter results above estimates and guided for $108 billion in revenue in the next quarter, CoinDesk reported.
