
The cryptocurrency market has experienced heightened volatility following President Donald Trump’s announcement regarding creating strategic reserves for digital assets. This volatility has led to accelerated liquidations across exchanges. For instance, on Monday, March 3, the market saw $120 million in liquidations within an hour, coinciding with a brief drop in Bitcoin ( BTC ) below the $90,000 mark. On a broader scale, over the past 24 hours, total liquidations surged to nearly $1 billion, according to Coinglass data The brutal wave of liquidations affected 203,956 traders, with the total value reaching $893.10 million. The largest single liquidation order, amounting to $15.49 million, occurred on Binance in the BTC/USDT pair. Crypto liquidation heatmap. Source: Coinglass This suggests that Bitcoin’s recent price swings have caught overleveraged traders off guard, triggering mass liquidations across exchanges. Crypto loses $3 trillion market cap Meanwhile, the total cryptocurrency market capitalization has dropped below $3 trillion. As of press time, the value stood at $2.96 trillion, reflecting a $130 billion decline in the past 24 hours. Total crypto market cap chart. Source: CoinMarketCap Bitcoin has been at the center of this turmoil, struggling to maintain its price above $90,000 support level. At the time of reporting, the flagship digital asset was trading at $90,459, up 1.6% on the daily chart. Bitcoin seven-day price chart. Source: Finbold Market sentiment initially turned bullish, with most assets witnessing a significant uptick in capital inflows after President Trump named five cryptocurrencies —Bitcoin, Ethereum ( ETH ), XRP , Solana ( SOL ), and Cardano ( ADA )—as part of the United States’ strategic reserves. However, the momentum was short-lived, as many investors remained skeptical about the plan’s implications, especially since Trump’s initial promise focused solely on Bitcoin. Bitcoin rally signalling market crash On the other hand, with Bitcoin hitting a record high of $108,000, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has warned that this six-figure milestone could signal trouble ahead. McGlone suggested that Bitcoin’s rally, combined with the emergence of new digital assets and fresh capital inflows, might resemble the unchecked exuberance of the 2000 Dot-com bubble , raising concerns about a potential crash. According to the expert, Bitcoin’s surge past $100,000 “could have rung the bell for risk assets,” hinting at a possible market top. Big Short in Cryptos Akin to 2000? Gold, T-Bonds Gaining Favor – Born of the financial crisis, #Bitcoin is one of the best-performing assets in history and has fostered about 12 million #cryptocurrency companions vs. #gold `s limited supply. #ETF investors in the metal have… pic.twitter.com/bgMPdx8X7h — Mike McGlone (@mikemcglone11) March 3, 2025 With the strategic reserve failing to spark a sustained rally, the market remains on edge, with bulls and bears tussling for control. Notably, a drop below $90,000 remains a key level to watch. Featured image via Shutterstock The post Crypto market wipes out $120 million in an hour appeared first on Finbold .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Revealed: Chinese Buyers Defy US Chip Ban, Snag Nvidia Blackwell Chips

In the fast-paced world of cryptocurrency and blockchain, the backbone is powerful computing infrastructure. The demand for cutting-edge technology is relentless, and nations are vying for dominance in the AI race. But what happens when geopolitical tensions throw a wrench in the works? A recent report reveals a fascinating game of cat and mouse playing out in the global tech arena, particularly concerning access to the highly sought-after Nvidia Blackwell chips . The Great Wall of Export Controls: Can it Be Breached? The United States, aiming to maintain its technological edge and address national security concerns, has implemented stringent China export controls . These measures are designed to restrict China’s access to advanced semiconductors, especially those crucial for artificial intelligence development. Think of it as building a digital wall to slow down China’s progress in AI and related fields. These controls, particularly amplified under former President Biden’s administration, were intended to prevent China from acquiring sophisticated chips for military applications and to protect US technological leadership. The restrictions essentially ban the export of certain high-performance chips, like the Nvidia Blackwell series, directly to China. Unmasking the Sneaky Semiconductor Supply Chain: How China Gets Around the Ban Despite the seemingly impenetrable US chip ban , it appears that Chinese entities are finding ways to procure these coveted Nvidia Blackwell chips . According to a Wall Street Journal report, a network of third-party traders operating in regions like Malaysia, Taiwan, and Vietnam is acting as intermediaries. Here’s how this intricate workaround functions: Strategic Hubs: Companies in countries outside the direct purview of US export controls, such as Malaysia, Taiwan, and Vietnam, purchase computing systems containing Nvidia Blackwell chips. Redistribution Network: These entities then discreetly resell a portion of these advanced systems to companies within China. Indirect Access: Effectively, this creates an indirect route for China to access the very technology the US is trying to restrict. This revelation highlights the complexity and potential limitations of export controls in a globalized world. It suggests that while direct sales might be blocked, determined buyers can often find alternative channels to acquire desired technologies. This also raises questions about the effectiveness of current export control strategies and whether they can truly contain the flow of advanced technology. Why are Nvidia Blackwell Chips So Desirable? The AI Gold Rush The buzz around Nvidia Blackwell chips isn’t just hype. These semiconductors are at the forefront of AI innovation, offering unparalleled processing power crucial for: Training Large Language Models (LLMs): The foundation of generative AI, LLMs require immense computational resources, and Blackwell chips are designed to handle these demands efficiently. Data Centers: Modern data centers powering cloud services, AI applications, and cryptocurrency mining operations rely heavily on high-performance GPUs like the Blackwell series. Advanced AI Research: Cutting-edge AI research, spanning from autonomous vehicles to drug discovery, thrives on the processing capabilities offered by these chips. China’s ambition to become a global leader in AI fuels its demand for these top-tier chips. Access to Blackwell chips is seen as essential for Chinese companies to compete in the rapidly evolving AI landscape and maintain their technological momentum. The Tech Industry’s Tightrope Walk: Profits vs. Politics in Semiconductor Exports The US export controls are creating a delicate balancing act for tech giants like Microsoft and Nvidia. While adhering to regulations is paramount, these companies also have significant business interests in the massive Chinese market. Consider these points: Microsoft’s Plea: Reports indicate that Microsoft has urged President Trump to reconsider easing these restrictions. Their rationale is clear: they want access to China’s burgeoning AI market. Nvidia’s Stance: Initially, Nvidia expressed concerns that the export restrictions would “derail” global innovation. While they are complying with regulations, the circumvention highlighted in the report suggests the market demand is potent. Economic Implications: Restricting trade with China, a major consumer of semiconductors, can have significant economic consequences for US chip manufacturers. Balancing national security with economic prosperity is a complex challenge. China’s Countermoves: Navigating the New Tech Landscape China isn’t passively accepting these restrictions. Alongside seeking alternative procurement routes, they are also actively encouraging their domestic AI ecosystem. Recent reports of China advising its AI researchers to avoid visiting the US signal a growing emphasis on self-reliance and technological independence. This move could be interpreted as: Mitigating Risks: Concerns about intellectual property and potential scrutiny in the US might be driving this advisory. Boosting Domestic Innovation: By fostering a closed-loop innovation ecosystem, China aims to accelerate its indigenous semiconductor and AI development. Strategic Autonomy: Ultimately, these actions point towards China’s long-term goal of achieving technological self-sufficiency and reducing reliance on foreign technologies. The Unfolding Saga of Semiconductor Exports: What’s Next? The revelation that Chinese buyers are securing Nvidia Blackwell chips despite China export controls underscores the ongoing tension and intricate dynamics in the global semiconductor exports landscape. The situation highlights: Efficacy of Export Controls: The effectiveness of current export control measures is being questioned. Determined actors can find ways to circumvent restrictions, necessitating a continuous evaluation and adaptation of strategies. Global Supply Chain Complexity: The interconnected nature of global supply chains makes enforcing export controls challenging. International cooperation and vigilance are crucial. The AI Race Intensifies: The demand for advanced AI chips remains incredibly high, driving innovation and also prompting strategic maneuvering to secure access, regardless of regulatory hurdles. The story of Nvidia Blackwell chips reaching China despite the US chip ban is a powerful reminder of the relentless global pursuit of technological advancement and the intricate dance between innovation, geopolitics, and economic interests. As the AI race accelerates, expect further developments and adaptations in the strategies employed by nations and companies alike to navigate this complex terrain. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. Finbold

Revolutionary Opera Browser Unleashes Smart AI Agent for Web Automation
In a groundbreaking move for web browsing, Opera has just unveiled ‘Browser Operator,’ a powerful AI agent designed to live right inside your browser. Imagine an AI assistant that can effortlessly handle tedious online tasks, from finding the perfect pair of socks on Walmart to securing those coveted football match tickets. Opera’s new feature promises to transform how we interact with the web, making browsing smarter and more efficient. For crypto enthusiasts and tech-savvy users always on the lookout for cutting-edge innovations, this development signals a significant leap in browser technology and AI integration. What is Opera’s Innovative Browser Operator AI Agent? Opera’s Browser Operator is not just another AI chatbot; it’s a dedicated AI agent designed to perform actions on your behalf across different websites. Think of it as your personal web assistant, capable of understanding your requests and navigating the web to complete tasks. Opera showcased its capabilities in a demo video, highlighting scenarios like: Shopping Made Easy: Finding the right pair of socks on Walmart, demonstrating its ability to navigate e-commerce sites. Ticket Triumphs: Securing football match tickets directly from a club’s website, showcasing its interaction with ticketing platforms. Travel Planning Simplified: Looking up flights and hotels for a trip on Booking.com, illustrating its prowess in travel booking websites. This browser operator is slated to roll out soon through Opera’s Feature Drop program, allowing users to experience this AI-driven web automation firsthand. While the initial demo is impressive, questions remain about its broader capabilities. Can it handle complex, multi-site queries like, “Find me the cheapest ticket from London to New York for tomorrow,” across various travel websites? The true potential of this AI agent will lie in its ability to understand and execute these more intricate requests. How Does Opera’s AI Browser Assistant Compare to Existing AI Features? Opera isn’t new to the AI scene. They already offer AI features that let users quiz the content of the webpage they are currently viewing. However, Browser Operator takes this a step further by actively performing tasks, not just answering questions. This moves beyond passive information retrieval to active task completion, setting it apart from simple AI integrations. Let’s break down the key differences and benefits: Feature Opera’s Existing AI Opera’s Browser Operator Functionality Answers questions about the current webpage content. Completes tasks across multiple websites (e.g., shopping, booking, etc.). User Interaction Reactive; user initiates questions. Proactive; user requests a task, AI executes it. Task Scope Limited to information extraction from a single page. Extends to multi-step processes across different websites. Impact Enhances understanding of current content. Automates web tasks, saving time and effort. Is Opera’s Native AI Agent More Secure? Security is a paramount concern in the age of AI and data privacy. Opera emphasizes that its AI agent operates natively on your device. This is a significant differentiator from some rival offerings that rely on cloud instances or virtual machines. Opera claims this on-device processing makes Browser Operator more secure. Why is this a potential security advantage? Data Privacy: Processing data locally minimizes the risk of sensitive information being transmitted to and stored on external servers. Reduced Vulnerability: By not relying on cloud infrastructure, there are fewer points of potential vulnerability to cyberattacks. User Control: Opera highlights that users can monitor what Browser Operator is doing and can take over control at any point, providing transparency and control. While the specifics of Opera’s security architecture will need further scrutiny, the emphasis on native, on-device processing is a noteworthy approach in the increasingly privacy-conscious digital landscape. This could be a major selling point for users concerned about data security in AI-driven applications. Who are Opera’s Competitors in the AI Browser Assistant Space? The race to integrate AI browser assistant capabilities into web browsers is heating up. Opera is entering a competitive arena with several notable players already making waves. Here are some key rivals: OpenAI’s Operator: Available to ChatGPT Pro users, OpenAI’s Operator also utilizes a browser to perform tasks, showcasing the potential of large language models in web automation. Arc Browser’s Dia: The Browser Company, creators of the innovative Arc Browser, have teased Dia, a new browser promising agentic capabilities, indicating a strong focus on AI-driven browsing experiences. Perplexity’s Comet: Perplexity, known for its AI-powered search engine, is developing its own browser, Comet, suggesting a future where browsers are intrinsically linked with advanced AI functionalities. These competitors, along with Opera, are all vying to define the future of web browsing, where web automation and AI become seamlessly integrated into the user experience. The coming months will be crucial in seeing how these different approaches evolve and which features resonate most with users. The Future of Web Browsing with AI Agents Opera’s Browser Operator marks an exciting step towards a future where browsers are not just tools for accessing the internet, but intelligent assistants that actively work for us online. The promise of effortless task completion, enhanced efficiency, and potentially improved security with native AI processing is compelling. As this technology matures, we can anticipate even more sophisticated AI browser assistant features, transforming how we interact with the web daily. For cryptocurrency users and the broader tech community, this signals a new era of intelligent browsing and web automation, promising a more streamlined and user-centric online experience. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. Finbold