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Nvidia's Rendering of 'Crypto' Draws Attention with a 40% Increase in One Week. These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, are contributing to growing global interest in AI technology. This renewed enthusiasm could lead to further gains for AI assets like Render (RNDR), the 'Nvidia of Crypto'. Especially the recently revived optimism has caused an increase in Render. The price has risen nearly 50% in the past week and its market cap has increased by more than $1 billion, pushing Render from $3.1 billion to the $4.4 billion threshold. #Render is a decentralized GPU rendering platform that leverages blockchain technology to connect artists and creators with GPU power. The notable feature of the project is that it allows users to rent unused GPU processing power to others who need service delivery. Render aims to democratize access to high-performance computing resources by building a global decentralized rendering network. Similarly, Nvidia is a leading #GPU manufacturer that shares market and industry similarities with Render. Both organizations benefit significantly from the growing interest in artificial intelligence technologies. In summary, Render offers advantages such as lower costs and taking advantage of underutilized GPU power compared to traditional rendering services. Additionally, it provides a decentralized alternative to centralized processing farms, increasing flexibility and reducing potential points of failure. $BTC $RNDR

Nvidia's Rendering of 'Crypto' Draws Attention with a 40% Increase in One Week.

These events, such as the Enterprise Generative AI Summit in California and Tech & AI LIVE in London on May 21, are contributing to growing global interest in AI technology. This renewed enthusiasm could lead to further gains for AI assets like Render (RNDR), the 'Nvidia of Crypto'.

Especially the recently revived optimism has caused an increase in Render. The price has risen nearly 50% in the past week and its market cap has increased by more than $1 billion, pushing Render from $3.1 billion to the $4.4 billion threshold.

#Render is a decentralized GPU rendering platform that leverages blockchain technology to connect artists and creators with GPU power. The notable feature of the project is that it allows users to rent unused GPU processing power to others who need service delivery. Render aims to democratize access to high-performance computing resources by building a global decentralized rendering network.

Similarly, Nvidia is a leading #GPU manufacturer that shares market and industry similarities with Render. Both organizations benefit significantly from the growing interest in artificial intelligence technologies.

In summary, Render offers advantages such as lower costs and taking advantage of underutilized GPU power compared to traditional rendering services. Additionally, it provides a decentralized alternative to centralized processing farms, increasing flexibility and reducing potential points of failure.
$BTC $RNDR

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Hacking crisis in the Japanese crypto exchange: Users be alert! Japanese crypto exchange DMM #Bitcoin , which was recently hacked for $320 million worth of Bitcoin (BTC), plans to raise 50 billion yen ($320 million) to compensate users for their losses. In a statement regarding the investigation, DMM Bitcoin assured users of minimizing market impact with planned purchases. The company also announced that an investigation is ongoing following an “unauthorized exit” equivalent to 4,503 BTC on May 31. DMM Bitcoin apologized for the situation and its impact on its customers and stated that it would continue to investigate the cause of the unauthorized exit. The company also stated that it will immediately inform the public as new details emerge. Securing funds DMM Bitcoin borrowed five billion yen ($32 million) on June 3 as part of efforts to finance compensation needed to repay customers. An additional capital increase of 48 billion yen ($308 million) is planned for June 7, and an additional capital increase of 2 billion yen ($12.8 million) is planned for June 10 through subordinated debt financing. This financial support and recovery fund accumulation comes from DMMcom and will provide the necessary funds to guarantee customers' BTC. The DMM Bitcoin incident was recorded as the eighth largest cryptocurrency hacking attack in history. While DMM Bitcoin is working on the incident, the anxious wait among exchange users continues. Moreover, in this period when the crypto market is positive, DMM Bitcoin's hack has become a news item in Japan. $BTC $ETH
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Famous analyst spoke: Which level should be exceeded in Bitcoin? According to analyst Willy Woo, Bitcoin reaching $7,000 will cause a liquidation wave, paving the way for it to reach all-time highs. #Bitcoin increased by 3.15 percent in the 24 hours until 11:05 on June 5, reaching $71,124. In light of CoinMarketCap data, the leader of cryptocurrencies appreciated by 4.8 percent on the weekly chart. Bitcoin price is facing a significant resistance near the $71,500 and $72,000 levels. According to CoinGlass, if BTC exceeds $ 72,000, short positions worth $ 800 million will be liquidated on all exchanges. If it rises above the $72,500 level, Bitcoin will trigger the liquidation of over $1.2 billion in leveraged short positions. Currently, BTC is 3.4 percent below its all-time high of $73,740, reached on March 14. According to popular crypto analyst Rekt Capital, Bitcoin's post-halving accumulation (danger zone) ended on May 6, with Bitcoin rising above $60,000 again. Bitcoin's price has increased by over 12.5 percent since May 6, confirming that the post-halving danger zone is over. In an X post, Rekt Capital shared that the Bitcoin price broke out of a significant two-week downtrend on June 3: “Bitcoin broke its two-week downtrend today. However, we have seen upward wicks beyond this downtrend before. Therefore, a daily close is needed later today to confirm this breakout.” However, according to #RektCapital , Bitcoin needs to turn $72,000 resistance into support before entering the “parabolic phase” of the bull cycle. $BTC
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