The paused partnership was tied to Nvidia’s Ignition AI Accelerator, part of the company’s broader Inception Program that supports AI startups. Arbitrum was poised to be a flagship partner—until Nvidia reportedly stepped back without explanation.
This isn’t new territory. Nvidia’s top executives have publicly dismissed crypto’s value.
In 2023, CTO Michael Kagan stated, “Crypto doesn’t bring anything useful for society,” echoing the sentiment of CEO Jensen Huang.
Their stance has translated into company policy, with Nvidia consistently excluding crypto startups from key initiatives.
Nvidia’s skepticism is rooted in past experience. The 2018 ICO crash left the company with excess GPU inventory and resulted in a $5.5 million fine for underreporting crypto-linked revenue. Since then, the chipmaker has maintained a cautious distance from the blockchain sector.
AI First: Nvidia’s Clear Focus
While Nvidia distances itself from crypto, it continues to champion AI. Executives have repeatedly praised AI’s potential to transform industries and society, with no similar enthusiasm for blockchain. Notably, Nvidia still welcomes AI startups—even if their founders have ties to the crypto world.
Nvidia’s latest move with Arbitrum signals no shift in its stance. For now, the door remains closed to crypto, regardless of how deeply blockchain and AI may intertwine in the future.
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Solana price is gaining today after a recovery across the broader crypto market. However, a recent $20M move by a Solana whale has stirred speculation about whether a reversal was imminent. As the Solana blockchain shows signs of strength by outperforming other blockchains by revenues, can SOL price avoid a potential reversal and rally towards the $300 peak?
Solana Whale Moves $20M SOL – Impact on Price?
Solana price is facing potential sell-side pressure from whales. This is after a Solana whale unstaked 134,902 SOL tokens valued at nearly $20M. This large address is preparing to sell after setting multiple limit orders between the prices of $171 and $294.
SOL unstaking
This move happened a few hours after the FTX/Alameda bankruptcy estate deposited 3.03M SOL to Binance. According to Lookonchain, these tokens are worth approximately $438M.
If large addresses are unstaking SOL and moving tokens to exchanges, it could have a major implication on the price. The additional selling pressure from FTX unlocks could impact Solana price as the crypto market remains in a state of fear.
Can Network Growth Fuel a Rally to $300?
As whale activity increases the risk of a bearish Solana price prediction, blockchain activity suggests that a rally to $300 is likely to happen. In February, Solana dominated blockchain app revenue, with apps generating $285M in revenue.
Solana app revenue
This dominance suggests that decentralized applications (dApps) created on Solana are gaining traction and driving capital inflows to the blockchain. This could fuel the bullish sentiment around SOL and potentially drive a rally to $300.
However as Coingape previously reported, high app revenues suggest Solana price may have hit a local top. If this is the case, SOL may continue struggling under bearish pressure.
Key Solana Price Levels to Watch
Solana price today trades at $145 after an 8% gain in 24 hours. SOL is moving within a descending parallel channel on the daily chart, which shows a bearish trend is prevalent. However, bulls are attempting a breakout from the upper trendline. If buying pressure leads to SOL making a decisive breakout from the upper trendline, it may drive a price rally.
The RSI is rising, indicating that buyers are gaining momentum. However, the RSI value below 50 shows that bears remain in control.
The on-balance volume indicator is also rising, which shows that the buying pressure is gaining strength. This rising OBV indicates that investors are actively buying SOL, which may precede a rally.
If these bullish trends continue, SOL faces resistance at $176. Breaking out of this level may kickstart a rally towards $300.
SOL/USDT: 1-day Chart
Solana’s technical outlook shows that despite the recent gains, a bearish momentum remains in play. However, a surge in network activity could boost investor confidence and support a $300 rally for Solana price.
A recent Cambridge report confirms that the United States now leads global Bitcoin mining, prompting questions about how China will respond. Though the country has long held an anti-crypto stance, Chinese mining pools have historically controlled a substantial portion of the global Bitcoin hashrate.
The US’s current competitive edge and renewed hostility over trade policy might motivate China to recapitulate. BeInCrypto spoke with representatives from The Coin Bureau and Wanchain to understand what might encourage China to change its stance toward digital assets.
US Overtakes China as Top Bitcoin Mining Hub
The US has firmly established itself as the world’s largest Bitcoin mining hub. A recent Cambridge Centre for Alternative Finance (CCAF) report revealed that the US accounts for 75.4% of the reported hashrate.
Global distribution of Bitcoin mining activity. Source: CCAF.
This newest development confirms a notable reversal of power over Bitcoin mining dominance. China emerged as the world’s leading Bitcoin mining nation as early as 2017, leveraging its extensive mining infrastructure and low electricity costs to contribute upwards of 75% of the global hash rate at one point.
Yet, the country would later crack down on the industry.
China’s Crypto Crackdown
In 2019, the National Development and Reform Commission of China (NDRC) signaled its intention to prohibit cryptocurrency mining by releasing a draft law categorizing it as an “undesirable industry.”
Two years later, at least four Chinese provinces began shutting down mining operations. These crackdowns intensified amid concerns over excessive energy consumption.
However, China possesses a proven capacity to adjust to geopolitical shifts that could jeopardize its economic dominance, and the current environment may present such a challenge.
Has Bitcoin Mining in China Truly Stopped?
Even with China’s official stance toward crypto, mining activity has not stopped within the region. In July 2024, Bitcoin environmental impact analyst Daniel Batten reported that the hashrate within China currently accounts for approximately 15% of the global total.
7/8
Bottom lines: 1. 15%+ hashrate still comes from China
2. If you have 200-500 miners and want to do renewable-energy mining, you’re welcome
3. This is particularly in Inner Mongolia, the Texas of China, which has a lot of wasted renewable power they want to monetize pic.twitter.com/r6QUgmLmjT
“Despite the official ban, the infrastructure is already in place: from offshore mining to cross-border trading hubs. With more global momentum behind crypto adoption and the US taking the lead, China may find itself incentivized to lean in more strategically, even if unofficially,” Nic Puckrin, Co-founder of the Coin Bureau, told BeInCrypto.
China also has a geographical advantage over the United States, especially regarding technological advancements.
Crypto mining, especially for proof-of-work cryptocurrencies like Bitcoin, depends on Application-Specific Integrated Circuit (ASIC) equipment to handle the necessary complex calculations for validation and mining.
China’s position as a top exporter of crypto mining hardware, particularly to the US, gives it a potential advantage should it decide to revive its mining sector.
Puckrin believes that the combination of trade friction and the US’s invigorated push for crypto dominance might be sufficient to make China reconsider its position.
“It’s unlikely China will make a public U-turn on its crypto mining and trading ban anytime soon. However, with US-based miners accounting for higher and higher proportions of Bitcoin’s hashrate, China is bound to be paying attention and may well be quietly reassessing its stance,” Puckrin told BeInCrypto.
However, China has strategies beyond restarting its Bitcoin mining industry to undermine the United States’ dominance.
China’s Nuanced Approach Beyond US Influence
Even though China opposes the widespread use of cryptocurrencies domestically, it may still see value in digital assets to counterbalance the US dollar’s global currency dominance.
Several countries worldwide have either adopted or are considering central bank digital currencies (CBDCs) to strengthen their domestic currencies. China is at the forefront of these developments.
“Despite the ban on Bitcoin mining, China has actively participated in the digital asset space, through initiatives like CDBC research and the digital yuan, or e-CNY,” Wanchain CEO Temujin Louie told BeInCrypto.
In fact, China’s efforts to create a digital yuan are partly driven by its desire to de-dollarize its economy and lessen its dependence on the US dollar.
Louie also suggested that whatever move China makes, it won’t solely base its decision on what the US does or does not do.
That said, China’s decisions about digital currency will, in turn, affect how its position on crypto continues to develop.
“Weakening USD dominance, whether exacerbated or caused by President Trump’s approach to tariffs, may embolden China to be more aggressive in [its] efforts to internationalise the yuan, including the digital yuan, or e-CNY. Any change to China’s broader strategy will be reflected in [its] stance towards crypto,” he concluded.
China’s activity in other areas of international trade already proves how nuanced its policy changes tend to be.
Could China’s Conflicting Crypto Policies Signal a Change?
Aside from its appreciation of digital currencies like the e-CNY, China’s stance on crypto has already proven somewhat contradictory. These discrepancies may fuel the belief that the country might just be willing to revert—or at least soften—its total ban on mining.
A month ago, investment firm VanEck confirmed that China and Russia –two countries particularly burdened by US sanctions– are reportedly settling some of their energy trades using Bitcoin.
Russia and China are settling oil trades in BTC. I’ve heard first hand accounts of similar transactions with Venezuela. Full tankers are settled in BTC on the “grey” market. The U.S. Government crossed the Rubicon in 2022 by seizing Russian assets at the Federal Reserve and… pic.twitter.com/Y8OwJROw9W
“With the US dollar increasingly being used as a political lever –particularly in tariffed economies– other nations are actively exploring alternatives. Indeed, many countries around the world, including China and Russia, are already using Bitcoin as an alternative for trading in commodities and energy, for example. This trend is only going to accelerate as digital assets become a more prominent part of the global economy,” Puckrin told BeInCrypto.
According to Puckrin’s analysis of these indicators, China’s “shadow crypto economy” is projected to expand this year, which could result in a reassertion of its power. This resurgence would be primarily in response to de-dollarization efforts, rather than a reaction to US dominance in mining.
“We’ll likely see this activity ramping up in the near future, especially as more countries use crypto to bypass dollar-dominated systems,” he concluded.
It will remain crucial to interpret China’s intentions, especially regarding cryptocurrency, by observing its actions rather than relying solely on its official statements.
The Trump Meme project announced an exclusive TRUMP NFT collection for everyone who signed up for the leaderboard.
$TRUMP price has recorded a significant increase in daily average traded volume amid anticipated further price uproar.
The Trump meme project announced the result and details of the $TRUMP competition launched last month. According to the announcement, all the top 220 $TRUMP token holders on the leaderboard were sent an email with further details of the dinner with the U.S. President Donald Trump on May 22, 2025.
In addition to the invitation, the Trump meme project also announced a unique NFT collection for the top 220 holders. As for the rest of the participants, an exclusive TRUMP NFT was created.
In a bid to incentivize more whale holders, the Trump meme project announced that a special TRUMP DIAMOND HAND limited Solana NFT will be reserved for the top 220 invitees that hold the same amount of TRUMP tokens as the time of the final leaderboard announcement.
“The next era of $TRUMP will be announced at the dinner! See you there! Black Tie preferred, but optional,” the announcement noted.
What Next for $TRUMP Price Action
Following a successful bullish breakout from a macro-falling logarithmic trend, the TRUMP token experienced the first major resistance around $15. The mid-cap memecoin, with a fully diluted valuation of about $14.21 billion, recorded an 84 percent surge in daily average traded volume to about $2.86 billion on Monday, May 12, during the mid-North American trading session.
From a technical analysis standpoint, TRUMP’s price, in the daily timeframe, is well positioned to rally towards $24, if it rebounds from the support range between $10.32 and $12.36. Furthermore, the daily MACD line has already crossed above the zero line amid the highly anticipated altseason for 2025.
The post Trump Meme Competition Closes: Result for the Top 220 $TRUMP Holders Invited to Donald Trump’s Dinner Released appeared first on Coinpedia Fintech News
The Trump Meme project announced an exclusive TRUMP NFT collection for everyone who signed up for the leaderboard. $TRUMP price has recorded a significant increase in daily average traded volume amid anticipated further price uproar. The Trump meme project announced the result and details of the $TRUMP competition launched last month. According to the announcement, …
