Fed Cuts Rates, SEC Backs Crypto, NVIDIA Boosts AI

Huge news in crypto market has come up today. Both Fed of the U.S. and Hong Kong Monetary Authority have reduced the rates by 25 basis points. Such a coordinated action was not observed since 2020 when the pandemic was going on. It is a sign of a world turning into a relaxed policy as growth is slow and inflation is cool.

SEC Approves Grayscale and Bitcoin Derivatives

The options to Grayscale Digital Large Cap Fund and Bitcoin indexes have been accredited by Fed of U.S. Securities and Exchange Commission. It is an enormous step towards the cryptocurrency market. The options were so far minimal as the regulation was reserved. The approvals are new and they enable easy hedging and speculation by the investors. There are new entry points provided to institutional actors who may have not participated in purchasing crypto directly. It is another door opening to the inflows of billions after the approval of spot Bitcoin ETFs in 2024. Bitcoin, which is currently trading at approximately 68,000, can experience an upward trend in case the momentum prevails.

NVIDIA has boasted of spending 500m (about 650m) in AI infrastructure. The investments will involve supercomputers and chipsets with the involvement of such partners as TSMC or Foxconn. Some of the places that will be incorporated in the plan include Arizona and Texas. It is an aspect of a larger competition of AI on the planet. It is projected to take half a trillion dollars yearly by the year 2027 to have spent money on AI systems. This action provides NVIDIA with an extra benefit since it is already up 150 percent this year, and this business is in the core of AI and technologies related to cryptocurrencies. Systems of blockchain and DeFi are also implemented with hardware such as NVIDIA H100.

Whale Buys $HYPE During Buybacks

It is the parent company of one of the largest investors who has purchased 47,391 tokens of $HYPE on the network since the buy-back exceeds more than 100 million. This is to add to the earlier whale movement like a 12.95 million purchase which was reported in May. SH had risen 300 percent since January and is presently trading at around $42. The buyback scheme has been compared to the stock repurchasing schemes which equally raise the price. This and Fed rares are signs of confidence of insiders, to some analysts, and a risky and short-lived measure, to critics. Its market value is nearly 1 billion and it is also yet to be exhausted by investors.