On-chain perpetual DEX LogX announced the completion of a $4 million strategic round of financing, bringing its total financing to $10.1 million. Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, Kairos Capital and others participated in the investment. LogX will use the new financing to develop into a DeFi super application, providing leveraged prediction markets and exotic perps, while expanding to TON, Solana, Bitcoin, Move and EVM ecosystems. Previously, LogX completed a $6.1 million seed round of financing, with participation from Coinbase Ventures, Sequoia Capital and others.

At the annual ceremony of "FAT Awards 2024" hosted by Odaily Planet Daily and co-hosted by Bitget. BMAN, co-founder of ABCDE Capital, said at the roundtable forum "Traditional Capital Takeover vs Native Innovation Boom" that AI is making a lot of money now, and 90% of daily active users are not humans, but robots and AI. I think 99% of transactions and interactions in the future will be done by AI and robots. BMAN also said that maybe in the next 10 years, we should give AI human rights, they should have their own identity, accounts, and even become independent entities. Therefore, I think blockchain is a good entry point for AI, and blockchain provides an ecosystem and economic system for AI. I believe that AI will dominate the operation of blockchain in the future.

According to Odaily, during a recent analyst meeting, Oracle co-founder and Chief Technology Officer Larry Ellison revealed that he and Elon Musk had dinner with Nvidia CEO Jensen Huang at Nobu Palo Alto, where they requested more GPUs from Huang. Ellison described the dinner as a plea for more GPUs, stating, 'I can describe that dinner as Elon and I begging Jensen for GPUs. Please take our money, and by the way, I have dinner ready. No, take a little more. We need you to take more of our money.' Ellison noted that the outcome was positive, saying, 'Everything went smoothly. I mean, it worked.' Oracle has heavily invested in GPU technology, particularly for AI applications. The tech giant recently reported its first-quarter results for fiscal year 2025, showing a 7% year-over-year revenue increase to $13.3 billion, with profits reaching $2.9 billion. Oracle also disclosed that it operates or is building 162 cloud data centers worldwide, with the largest being an 800-megawatt facility that will house 'acres of Nvidia GPU clusters' for training large-scale AI models. In the first quarter, Oracle signed 42 cloud GPU contracts totaling $3 billion. Similarly, Tesla relies on Nvidia GPUs to power its supercomputers, which train neural networks for its autonomous and assisted driving technologies.

At the annual "FAT Awards 2024" hosted by Odaily Planet Daily and co-hosted by Bitget. Melody He, partner of Spartan Group, said at the roundtable forum "Traditional Capital Takeover vs Native Innovation Boom" that not only the crypto field, but the entire world is experiencing the impact of the COVID-19 pandemic - severe inflation. Melody also said, "The reality is that we need longer to digest these challenges, not just in the crypto field, but also for traditional investors and technology to understand the real value proposition and respond based on user behavior. I don't think this is a bad thing, but a good thing, because it can go back to basics a little bit."

According to Odaily, blockchain game Tatsumeeko has announced its integration with the Ronin chain on the X platform. Ronin has also confirmed this development. Previously, Tatsumeeko secured $7.5 million in seed funding, led by Delphi Ventures and other investors.

Trump attributed his shift in attitude toward cryptocurrency to the strong interest in his own branded NFT project at the World Liberty Financial launch event. Trump said he noticed that most of the NFT trading cards he minted on Polygon were purchased with cryptocurrency, and that his supporters were excited about his entry into the field. Trump noted that he was surprised by the number of people willing to spend cryptocurrency on his NFT series, "I was a little shocked, and that was a while ago - it opened my eyes, but I think my children opened my eyes more than anything else." (Decrypt)

The blockchain game Tatsumeeko announced on the X platform that its project will be integrated into the Ronin chain, and Ronin also mentioned this news. Earlier news, Tatsumeeko completed a $7.5 million seed round of financing, led by Delphi Ventures and others.

Ethereum price gained bearish momentum and traded below $2,350. ETH is consolidating losses and might struggle to recover above $2,350. Ethereum started another decline below $2,350 and $2,320. The price is trading below $2,310 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,360 on the hourly chart of ETH/USD (data feed via Kraken).... source: https://www.newsbtc.com/analysis/eth/ethereum-price-struggles-2250/

At an analyst conference last week, billionaire Oracle co-founder and CTO Larry Ellison told the audience that he and Elon Musk had invited Nvidia CEO Jensen Huang to dinner at Nob Palo Alto and "begged" Huang to give them more GPUs. "I can describe that dinner as 'Elon and I begged Jensen (Huang Renxun) for GPUs,'" Ellison recalled. "Please take our money, and by the way, I'm ready for dinner. No, no, take some more. We need you to take more of our money." The results were positive, Ellison said, "Everything went well. I mean, it worked." Oracle has invested heavily in GPU technology, especially for AI applications. The tech giant announced its first-quarter results for fiscal 2025 this month, revealing that revenue increased 7% year-on-year to $13.3 billion. Profits were $2.9 billion. Oracle also disclosed that it has 162 cloud data centers in operation or under construction around the world, the largest of which is 800 megawatts and will house "acres of Nvidia GPU clusters" for training large-scale AI models. In the first quarter, Oracle signed another 42 cloud GPU contracts totaling $3 billion. Similarly, Tesla relies on Nvidia GPUs to power supercomputers to train the neural networks for its autonomous and assisted driving technologies. (Fortune)

SEC is in a bigger regulatory Scoop! The highly anticipated SEC crypto hearing is set for September 18, as former officials prepare to testify against the agency’s handling of digital assets. The hearing, titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets,” will examine the SEC’s enforcement-heavy tactics and perceived overreach … source: https://coinpedia.org/news/gary-genslers-regulatory-failures-exposed-what-the-crypto-hearing-revealed/

A trader turned $1,200 into $10 million with Tron Bull (BULL) in three days, but the value soon fell by 60%, leaving them with $4.3 million. This dramatic rise and fall highlight the volatile nature of meme coins, as Tron-based tokens like BULL, SUNDOG, and SUNCAT show fluctuating prices and declining values.