Hut 8 eyes AI push with launch of GPU-as-a-service program

  • Hut 8 has laaunched its GPU-as-a-service business to tap into the AI growth potential.
  • The Bitcoin miner said it partnered with Hewlett Packard Enterprise and AdvizeX to launch the 1,000 Nvidia H100 GPUs cluster.
  • Hut 8 eyes revenue diversification and long term growth with this AI bet.

Hut 8, an energy infrastructure provider and top Bitcoin miner, has announced that its GPU-as-a-service vertical is live.

The GPU cluster, according to a Hut 8 announcement on Sept. 26, consists of several HPE supercomputers, all powered by 1,000 Nvidia H100 GPUs. The launch follows a partnership between Hewlett Packard Enterprise and information technology firm AdvizeX.

Hut 8 eyeing AI push

Per the press release, Hut 8 subsidiary Highrise AI will host the GPU-as-a-service business, with a 5-year deal in place for revenue sharing and infrastructure payments.

The arrangement sees Hut 8 diversify its operations further, and now includes a compute layer that spans artificial intelligence, Bitcoin mining and cloud services.

“Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation, “Hut 8 chief executive officer Asher Genoot said.

A new next-gen mining chip

Hut 8’s launch of the new business vertical comes a few days after the miner announced the launch of U3S21EXPH, a new ASIC miner with direct liquid-to-chip (DLC) cooling.

The miner partnered with leading crypto mining chip maker BITMAIN to develop this new ASIC mining chip. Hut 8 plans to deploy the new model in the second quarter of 2025 via an approximately 15 exahashes per second hosting deployment.

Initial deployment of the 15 EH/s will push Hut 8’s hashrate by about 81%, while the miner expects a possible 20 EH/s of self-mining.

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US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under SEC rules

  • US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under current regulations.
  • SEC plans new regulations for DeFi and trading systems to protect investors.
  • Crypto firms, including Coinbase, push back against expanding regulatory scope.

In recent statements, SEC Chairman Gary Gensler has firmly reiterated that Bitcoin is classified as a non-security under existing SEC regulations. His comments came during an interview on CNBC’s “Squawk Box.”

Gensler emphasized the importance of regulatory clarity, insisting that while many firms have benefitted from the public’s growing interest in cryptocurrencies, they often resist the regulations designed to ensure market integrity.

In the interview, Gensler noted that the SEC’s role is to foster trust in the market, stating, “Innovations do not develop in the long term unless they also build trust.” He referenced the significant losses and bankruptcies that have occurred in the crypto space, underscoring the necessity of having regulations in place to protect investors.

Despite Gensler’s reaffirmation regarding Bitcoin, he acknowledged the discontent among crypto firms concerning regulatory frameworks. He highlighted that many industry stakeholders argue against the existence of such regulations, which he attributes to their discomfort with the enforcement actions taken by the SEC.

Notably, Gensler’s remarks follow the recent eToro settlement, which confirmed that Bitcoin (BTC), along with Bitcoin Cash (BCH) and Ethereum (ETH), are not considered securities.

SEC’s trading systems proposal

Earlier Gary Gensler while testifying before the US House Financial Services Committee discussed the SEC’s proposal to mandate alternative trading systems to choose whether to register as national securities exchanges or to register as broker-dealers and comply with additional requirements under proposed Regulation ATS depending on their activities and trading volume. This proposal aims to close regulatory gaps among trading platforms, ensuring compliance with rules intended to prevent unfair trading practices.

However, the proposed regulations have met significant push-back from digital-asset firms, including Coinbase, which argue that the definition of an exchange could inadvertently include DeFi platforms, complicating their compliance.

As the SEC continues to navigate the complex landscape of cryptocurrency regulation, Gensler reiterated the agency’s commitment to fostering a transparent market.

With no timeline set for final decisions on the trading systems proposal, the SEC remains open to considering applications from exchanges seeking to offer central clearing for the US Treasury market, which is projected to expand significantly under new rules.

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Cryptocurrency: Top 2 Coins to Buy Today if You Missed Out on Shiba Inu (SHIB) and Dogecoin (DOGE)

Those who missed out on Shiba Inu and Dogecoin coins when there was a quick surge may have felt as though the likelihood of such riches in the market has come and gone. However, do not fret because the market never disappoints and it is always open for business. Two projects (Rexas Finance (RXS), and Toncoin (TON)) in the crypto market are emerging as the ones to watch and make the most of the next big surge. Let’s see how these two coins might be the ones to keep your eyes on and purchase today.

Rexas Finance (RXS): An Innovative Approach to Tokenize Real-Life Assets

Rexas Finance (RXS) is consistently ranked among the top projects in the decentralized finance (DeFi) and tokenization spaces. Rexas was established on the principle of the Real-world Asset (RWA) token and sought to transform the sectors of the economy involved in finance and blockchain into one seamless system. This platform will enable the easy and fast conversion of physical assets such as real estate, works of art, and commodities, as well as intellectual property rights into digital assets.At present, Rexas Finance is in the third stage of presale where tokens are offered at $0.05 per token, this being stage 3 after successfully raising $1.25 million in stage 2 presale. The presale has gained more publicity on account of its previous sales. Those who bought into Stage 1 at $0.03 have already made a return of 66% and that price is set to increase further as the project picks up.

Why Invest in Rexas Finance?

Real World Asset Tokenization: Rexas Finance is allowing new market opportunities for the physical and nonphysical assets being tokenized. With fractional ownership at the most minimal level, many investors may invest in areas that have been considered difficult to invest in such as real estate or art as the assets can be represented by blockchain-based digital coins.

Decentralized and Transparent: The application of blockchain enhances security and transparency levels that conventional financial institutions could hardly encore. A Stating Smart contract creates a situation where a transaction is carried out only in the manner that it was envisioned which lowers the fraud risks associated with it and makes asset movement simpler.

Broad Use Cases: Rexas Finance is multi-purpose in this regard. It caters to fundraising for new projects, community-governed tokens, event organization, and management in addition to partial ownership to mention but a few of its applications. This ability to be multi-functional helps it distinguish itself from most single-use tokens.Rexas’ presale shows signs of strengthening the cornerstone of the project. Intercontinental Exchange now thinks it will launch at $ 0.20. Meaning, those who buy into this early stage may watch their investments grow by 500x making this attractive for anyone looking to ride the next wave.

Toncoin (TON): Future blockchain model

Toncoin (TON) is another token that’s steadily establishing itself in the global cryptocurrency market with new functionalities coming into play thanks to the concept of scalability. For the reader’s orientation, Toncoin is a native currency supporting The Open Network (TON), a blockchain seeking to provide high-speed transactions, decentralized apps, and other services.TON is a reasonable blockchain network since it does not have a high proneness to solve problems of network cost and scalability that are typical of many blockchains today, most especially Ethereum. Due to its design that incorporates multi-layer consensus, the network can support several million transactions per second (TPS), thus ranking as one of the most effective and fastest-accessed blockchain-based platforms.

Why Invest in Toncoin?

Telegram Support: Although Telegram was unable to pursue the project due to regulatory constraints, Toncoin bears the trademark and has managed to obtain popularity inside the Telegram community and even more. It even has a base on social networking since it has a messaging app installed compulsorily to help its members which are 500 million in number.

Scalability and Speed: This is why it is a multi-paper scalable blockchain platform emerging as a promise for dApps, payments, and DeFi projects. It is great against giants such as Ethereum because of the faster transaction Ls and low fees.

DeFi and NFTs: Not only is TON looking at scalability, but it is also intending to play an active role in the DeFi and NFT ecosystems. Toncoin is emerging as a threat to ETH, Solana, and other major players with quick transactions and less expensive gas fees.

Although, Toncoin has been gaining equal steam with regards to the likes of Bitcoin Cash that say they can lower transaction speed and cost, which is a beefy sell point for people who want to keep an investment without utilizing it for the distractive purposes of a repository.

Conclusion

If you regret missing out on Shiba Inu and Dogecoin then don’t stress—you still have another opportunity to grab the next turning point in the cryptocurrency space. 

Rexas Finance (RXS) and Toncoin (TON) are two projects that are set to grow tremendously on the launch day. Rexas is at the presale 3 stage at $0.05 with a great likelihood of surging once it’s launched owing to its unique platform that helps in tokenizing real-world assets. On the other hand, Toncoin is aiming to become one of the leaders in the DeFi and blockchain industry with its highly extensible network.

These two projects are in the very early stages so you have an opportunity to get in them at the beginning and be among the beneficiaries when the projects mature. As always, be prudent and conduct research and analysis of risks, but Rexas Finance and Toncoin are good options for those who want to enter the world of cryptocurrency.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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Top 3 Cryptos for 2025? Chainlink, XRP Target 3x, ‘Solana-Killer’ Aims to Soar from $0.08 to $12

As the cryptocurrency market shows signs of a rebound following the Fed rate cut, several tokens are positioning themselves as serious contenders for next year’s rally. Analysts predict that both Ripple (XRP) and Chainlink (LINK) could see their values triple by 2025, while Rexus Finance (RXS), often dubbed the “Solana-Killer,” is drawing significant attention as a potential industry disruptor. Currently trading at $0.05, Rexus Finance is expected to experience substantial growth, with some experts forecasting a rise to $12 in the coming years.

Will Rexus Finance (RXS) Trade Above $12 by 2025?

Rexus Finance is attracting investor interest thanks to its innovative approach to tokenizing real-world assets (RWA), such as art, real estate, and precious metals, on the blockchain. This platform allows users to buy fractional ownership of physical assets, facilitating seamless exchange and liquidity.

With 35 million tokens sold and over $1.25 million raised after the second presale phase, Rexus Finance is quickly gaining traction. Stage 3 of the presale is currently live, with RXS tokens available at $0.05 each. Early investors are positioned for potential 6x returns, as the token is expected to list at $0.20 once the presale concludes. One of the unique aspects of Rexus Finance is its decision to bypass venture capital funding, opening up opportunities for everyday investors to participate in the growing tokenization market.

The platform recently announced a $1 million giveaway, where twenty participants will have the chance to win $50,000 each. With some analyst projections pointing to a possible increase in RXS’s price from $0.05 to over $12 by 2025, the excitement around this project is only intensifying.

Chainlink and XRP: Poised for 3x Growth by 2025?

Two established crypto giants, Chainlink (LINK) and Ripple (XRP), are also expected to see significant gains by 2025. Chainlink, a key player in providing Oracle solutions for smart contract integrations, is poised for a resurgence after a slow 2024. Historically, LINK token unlocks have led to substantial gains, and with the recent unlocking of 18.125 million tokens on Binance, analysts believe another price surge could be on the horizon.

Chainlink’s partnerships, such as the integration of its Cross-Chain Interoperability Protocol (CCIP) with Ethereum’s Layer-2 solution Metis, further solidify its long-term potential.

Meanwhile, Ripple’s XRP is gaining momentum as whale investors show renewed interest. Despite the challenges posed by its legal battle with the SEC, XRP has been accumulating significant market support, pushing its price closer to $0.60. With the lawsuit now behind it, XRP is positioned to benefit from growing demand for its cross-border payment solutions, which some analysts believe could help drive a major price rally by 2025.

How to Participate in the Rexus Finance Presale

Investors still have time to join the Rexus Finance presale before it closes. In Stage 3, RXS tokens are available for $0.05, and demand is high after the previous phases sold out quickly. To participate, investors can visit the official Rexus Finance website, connect an ERC20-compatible wallet, and follow the instructions. The potential for a six-fold return on investment is driving interest, as the token is projected to list at $0.20 after the presale ends.

Conclusion: Rexus Finance, Chainlink, and XRP Positioned for Big Gains in 2025

As 2025 approaches, Rexus Finance, Chainlink, and XRP are emerging as top cryptocurrencies to watch. Analysts expect Chainlink and XRP to experience 3x growth, while Rexus Finance stands out with its unique approach to tokenizing real-world assets. With the potential for massive returns and a presale structure that has already shown impressive success, Rexus Finance offers investors a rare opportunity to get involved early in a groundbreaking project. For those looking to diversify their portfolios with innovative crypto technologies, now may be the time to act.

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PayPal enables crypto buying and selling for US business accounts

  • PayPal enables US business accounts to buy, hold and cell crypto.
  • Service will initially be unavailable to users in New York State.

PayPal has expanded the feature that allows consumers to buy, hold and sell cryptocurrencies in the US to business accounts.

In an announcement on Sept. 25, PayPal said clients with businesses across the US can now purchase, hold or sell crypto directly from their merchant accounts. The company’s move follows increased demand for the service, which PayPal and Venmo retail users have enjoyed since 2020.

“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers,” Jose Fernandez da Ponte, senior vice president of blockchain, cryptocurrency, and digital currencies at PayPal, said.

Enabling access for merchants meets this demand, and also empowers business owners to tap into and benefit from digital currencies.

In this case, PayPal also plans to enable on-chain crypto transfers for US merchants, with these available to “eligible” third-party wallets. This means business accounts will be able to send and receive supported tokens.

Not available in New York state

While merchants across the US will have access to the crypto service, PayPal has announced that the service will not be available to business account holders in New York state. However, PayPal holds the BitLicense and trust license from the New York Department of Financial Services.

PayPal’s latest announcement adds to recent steps that represent the company’s growing push into the digital assets and blockchain space. Following its launch of crypto support in 2020, the payments giant followed it up with the unveiling of its PayPal USD (PYUSD) stablecoin in 2023.

Earlier this month, PayPal and Venmo integrated Ethereum Name Service (ENS). The integration added ENS domain names, allowing for streamlined crypto transactions.

Meanwhile, PYUSD recently expanded to Solana and is also available to Xoom users.

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