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Chinese Tech Giants Order $35 Billion Of Nvidia's Latest 'Compliant' GPUs - Except There's A Huge Problem
Chinese Tech Giants Order $35 Billion Of Nvidia's Latest 'Compliant' GPUs - Except There's A Huge Problem
ByteDance, Alibaba, and Tencent have ordered more than 3 million of Nvidia's new RTX PRO 5500 workstation GPUs, representing a collective sticker price exceeding $35 billion, as Chinese tech giants scramble for export-compliant hardware amid ongoing U.S. trade restrictions, Reuters reported Tuesday, citing sources familiar with the matter.
Nvidia has warned customers and partners that it cannot guarantee fulfillment because Chinese demand vastly outstrips planned production. One source indicated that buyers were informed they...
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Apr 22, 2026 / Tyler Durden
Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum
Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum
Via Decrypt.co,
Coinbase launched crypto-backed USDC lending for U.K. users on Monday.
Bitcoin holders can borrow up to $5 million in USDC, with Ethereum-backed loans capped at $1 million.
The service uses Morpho, an open-source lending protocol on Ethereum layer-2 network, Base.
Crypto exchange Coinbase has expanded its lending service, now allowing U.K. customers to borrow USDC stablecoins using their Bitcoin or Ethereum holdings as collateral.
The service operates through Morpho, an open-source lending protocol on Base—the Coinbase-backed Ethereum layer-2 network—that powers Coinbase's crypto-backed loans.
U.K. users can pledge cryptocurrency as...
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Apr 21, 2026 / Tyler Durden
Vance's Pakistan Trip 'On Hold' After Iran Demands Lifting Blockade Of Its Ports, Talks Appear Off
Vance's Pakistan Trip 'On Hold' After Iran Demands Lifting Blockade Of Its Ports, Talks Appear Off
Summary
Vance's trip to Islamabad 'on hold' as talks appear off for now after Iran demanded US lift blockade of ports.
Neither side wants to appear 'weak' by flying to Pakistan first without the other side having already clearly committed. Trump warns: 'Expect...bombs' & urges Tehran "release women" said to be on death row.
Overnight, US forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani in Indo-Pac region: CENTCOM
As just 12 ships...
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Sep 24, 2026 / Dave DeCamp
Israeli Strike on Car in Gaza City Kills at Least One Palestinian
An Israeli strike hit a vehicle in Gaza City on Thursday, killing at least one Palestinian, as the IDF continues its constant violations of the US-backed ceasefire deal. The Palestinian news agency WAFA reported that the car was hit south of Gaza City and the victim’s body was transferred by relatives to another vehicle, which […]
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