Ethereum's surge, GAM partnership, Tether's role and its billion-dollar minting
Bitcoin & AI Data Centers
The podcast that talks about Data Centers, AI, AI Data Centers and everything Bitcoin & Crypto. Your host is an AI version of Roni, reporting from a secret location in Wakanda and possibly with Satoshi Nakamoto listening in.
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Ethereum's surge, GAM partnership, Tether's role and its billion-dollar minting

E14 • May 21, 2024 • 11 mins

In this episode, Roni discusses Ethereum's recent price surge and market reactions, followed by an exploration of GAM threes.gg's Ethereum partnership. The episode also delves into Tethr's minting of a large sum of Tether tokens on the Ethereum blockchain, and concludes with an analysis of Tether's role in the crypto market.

Key Points

  • Ethereum experienced a significant price surge due to the increased likelihood of an ETF approval, leading to heightened investor interest and a narrowing of the discount in the Grayscale Ethereum Trust's net asset value.
  • GAM3s.gg is launching a web 3 cloud gaming platform in partnership with Ether, aiming to provide high-performance gaming with minimal latency and democratize access to top web 3 games through a globally distributed network of GPUs.
  • Tether minted $1 billion USDT on the Ethereum blockchain in anticipation of increased demand and potential market movements, reflecting a strategic move ahead of possible ETF news and illustrating a correlation between USDT supply and cryptocurrency market dynamics.
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