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Yahoo
3 days ago
- Business
- Yahoo
Nvidia's Earnings Beat May Help AI-Linked Tokens
Shares of Nvidia (NVDA) rose roughly 4% in post-trading hours after reporting better-than-expected earnings and revenue on Wednesday. The AI powerhouse posted a 69% increase in revenue in the first quarter, compared to a year ago, with its data center business growing 73% year-over-year. Net income came in at $18.8 billion, up 26% from a year earlier. The after-hours move pushed NVDA shares to a modest year-to-date gain and about a 20% year-over-year advance. AI crypto tokens, including Bittensor TAO, NEAR Protocol NEAR and Internet Computer (CIP), moved slightly higher after Nvidia's earnings beat, although remained sizably lower for the day. Nevertheless, it was ongoing AI demand which was a key driver in the 73% growth in the company data center business. Turning to the outlook amid recent global trade uncertainties, Nvidia said it expects second-quarter revenue to come in below market estimates as a result of tariff-related restrictions between the U.S. and China. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
AI tokens tumble ahead of Nvidia's latest earnings report
The artificial intelligence (AI) tokens took a hit ahead of the California-headquartered chipmaker Nvidia (Nasdaq: NVDA) gearing up to post its Q1 2025 earnings report once the trading day closes on May 28. The total market cap of AI tokens slipped 0.5% in a day to $29.7 billion at the time of writing. All the leading AI tokens reflected a decline in their prices over the last 24 hours. TAO, the AI token powering the decentralized ML network called Bittensor, fell 2.6% to $434.76 at press time. NEAR, another leading AI token, dropped 3.58% to $2.79. ICP, the token powering decentralized AI solutions at the Internet Computer protocol, fell 2% to $5.26. RENDER, the AI token powering the decentralized GPU rendering platform, fell as much as 9% to $4.38. FET, the AI token behind the Artificial Intelligence Alliance consortium, dipped 3.2% to $0.88. FIL, the token supporting the internet infrastructure behind decentralized AI, fell 2.42% to $2.82. VIRTUAL, the token behind AI agent-enabling Virtuals Protocol, dropped 7.5% to $2.30. INJ, the token lying at the intersection of AI and DeFi at the Injective protocol, fell a modest 1% to $14.75. Helmed by CEO Jensen Huang, Nvidia faced a major onslaught this year with the buzz created by the Chinese AI company DeepSeek. In addition, the aggressive tariff policy pursued by President Donald Trump against China beginning Apr. 2 also affected the chipmaker's operations adversely since semiconductors were among the products worst hit by tariff hikes. On Apr. 14, the company announced an initiative to create their AI supercomputers in the U.S. exclusively, to which Trump promised an expedition of all necessary permits. The NVDA stock was exchanging hands at $136.32 at the time of writing, up 0.62% today. Though the stock has jumped 27% since Trump's "Liberation Day" tariff announcement, it's still barely 1.54% up year-to-date (YTD). AI tokens tumble ahead of Nvidia's latest earnings report first appeared on TheStreet on May 28, 2025
Associated Press
20-05-2025
- Business
- Associated Press
ORIGYN Acquires ClaimLink, Ushering in a New Era of Frictionless Tokenized Asset Distribution
NEUCHâTEL, SWITZERLAND, May 20, 2025 / / -- ORIGYN, the decentralized protocol for real-world asset (RWA) certification, announced the acquisition of ClaimLink, an on-chain NFT and token distribution platform natively built on the Internet Computer (ICP) blockchain. The acquisition strengthens ORIGYN's mission to deliver accessible, user-friendly web3 infrastructure for certifying and distributing tokenized assets fully on-chain. ClaimLink is helping creators and communities distribute assets effortlessly and securely through a user experience that mirrors Web2 simplicity while maintaining Web3 ownership principles. With its integration, ORIGYN is uniquely positioned to onboard both crypto-native users and newcomers with ease. As the ORIGYN ecosystem continues to expand, with certificates for luxury goods, fine art, gold, diamonds and more, the ability to distribute tokenized assets frictionlessly becomes critical. By leveraging ClaimLink's capabilities into its growing ecosystem, ORIGYN will provide partners, creators, and enterprises with tools to easily manage certificates through decentralized claimable links, QR codes, and bulk dispensers. Key features of ClaimLink include: Seamless claiming of certificates via fully on-chain QR codes and links Easy integrations for partners distributing ORIGYN-certified assets Broadening of certificate distribution for physical locations and events Easier set-up for community rewards, campaigns, loyalty drops, and more 'ClaimLink is a natural fit for ORIGYN's ecosystem,' said the ORIGYN team in a statement. 'Its technology complements the protocol's vision of verifiable, decentralized ownership and lowers the barriers to engaging with tokenized assets. Together, we're making real-world asset certification and distribution more accessible and scalable than ever before.' Denis Stepanov, founder of ClaimLink, added: 'ClaimLink is entering a new chapter with the ORIGYN team continuing its development. Their expertise will help expand the platform's reach and impact within the ecosystem. I'm excited to see its growth and the value it will bring to the community.' ClaimLink will continue to operate within the ORIGYN ecosystem and remain open for builders, brands, and creators seeking to distribute digital assets without friction. To learn more about ClaimLink, visit and For additional information about ORIGYN, visit Tom Fraczak ORIGYN Foundation [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
News18
23-04-2025
- Business
- News18
XRP Becomes Most-Traded Crypto In India During January-March 2025, Surpasses Even Bitcoin: Report
XRP accounted for 13.3% of total trades on the platform during Q1 2025, marking a dramatic rise of eight positions since December 2024, as per a CoinSwitch data. Ripple (XRP) has emerged as the most-traded cryptocurrency in India during the January-March 2025 quarter, surpassing even Bitcoin, according to the latest report by CoinSwitch, India's largest crypto trading platform. XRP accounted for 13.3% of total trades on the platform during Q1 2025, marking a dramatic rise of eight positions since December 2024. This surge dethroned Shiba Inu from the top spot and reflects renewed trader interest in XRP amid evolving global market conditions. Bitcoin, which has long been the most preferred crypto among Indian investors, was the second most-traded token, commanding 8.4% of total trades, while Dogecoin followed closely at 6.4%, as per the CoinSwitch data. 'This shift indicates a more dynamic trading behavior, with Indian traders increasingly exploring beyond the traditional heavyweights," said Balaji Srihari, vice president at CoinSwitch. 'Bitcoin remains a long-term favourite, but we're seeing increased activity in tokens like Ripple and Solana, alongside meme coins like PEPE and BONK." In March, US President Donald Trump announced the Crypto Strategic Reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano. Other notable coins on the most-traded list included: – Solana (5.6%) – Ethereum (4.4%) – PEPE (3.1%) Meanwhile, BONK, once a strong contender, slipped to the bottom of the top 10 with 1.1% of trades, down from sixth place — highlighting the rapidly changing preferences of Indian crypto traders. While XRP ruled the trading charts, Bitcoin continues to dominate investor holdings, making up 6.9% of total crypto assets held by Indian investors. Dogecoin (6.6%) and Ethereum (5.2%) followed, underscoring their sustained appeal for long-term investment. Interestingly, PEPE entered the top 10 holdings list for the first time, reflecting increased interest in emerging assets. Other popular long-term assets included Shiba Inu, Ripple, Cardano, Polygon, Internet Computer, and Solana. India's Crypto Landscape Matures The findings, based on trading patterns across 310 listed coins, indicate a maturing and diversifying investor base in India. With more young investors engaging in high-risk, high-reward assets like meme coins, and others sticking to blue-chip tokens for stability, India's crypto market is becoming increasingly layered. The report covers trading and investment trends between January 1 and March 31, 2025, and comes amid global discussions around crypto regulation and institutional participation. First Published:
Yahoo
02-04-2025
- Business
- Yahoo
OpenAI's $40B Raise Calms Market Jitters, Sends CoreWeave and AI Tokens Higher
CoreWeave (CRWV) shares rose more than 38% on their third day of trading debut after raising nearly $1.5 billion from its IPO following OpenAi's announcement of a record-breaking $40 billion funding round on Monday. The artificial intelligence (AI) startup went public on the Nasdaq exchange on Friday afternoon. The stock dropped below its IPO price to $39 and ended the day flat at $40 before dropping another 10% on Monday, its first full day of trading. CoreWeave's IPO came at a time of strong anxiety and uncertainty in global markets, diminishing investor appetite and risk tolerance. However, investor sentiment towards AI-related stocks seemed to have changed on Tuesday after AI powerhouse OpenAI announced on Monday that it had closed a $40 billion funding round, valuing the company at $300 billion. The move appears to have assured investors that there continues to be a strong appetite for AI companies, even in the current rough market. This positive outlook has also spread to digital assets, as AI-related tokens were boosted on Tuesday. AI tokens, including Near Protocol (NEAR), Internet Computer (ICP), Bittensor (TAO) and Render (RENDER), were all up over 3% on Tuesday, with RENDER leading the group, trading 7.4% higher. The broader digital assets market, CoinDesk20 Index, also rose 3%. Meanwhile, the shares of Core Scientific (CORZ), the bitcoin miner and data center with a large partnership with CoreWeave, have also risen more than 9% on Tuesday. Sign in to access your portfolio
