Tokens linked to artificial intelligence (AI) performed poorly compared to major cryptocurrencies in the last 24 hours. This relative weakness coincided with unusual activity in put options related to Nvidia (NVDA)...
Tokens linked to artificial intelligence (AI) performed poorly compared to major cryptocurrencies in the last 24 hours. This relative weakness coincided with unusual activity in put options related to Nvidia (NVDA) shares, the chipmaker that recently announced plans to manufacture its AI supercomputers in the U.S.
Bitcoin (BTC), the leading cryptocurrency by market capitalization, saw a 0.6% increase in value to $85,500 over the past day. Meanwhile, TAO, the token associated with Bittensor’s blockchain-based machine learning network, traded 3.6% lower at $239, and Render Network’s RNDR token was down 1.7% at $3.93, according to data from Coingecko. Other tokens like FET, SEI, and GRT also experienced a 2% decline.
Data from Convex Value showed increased activity in Nvidia short-dated put options on Monday, particularly in the $100 strike puts expiring on April 17, April 25, and May 2. There was also interest in the $60 put expiring on April 17, as well as the $50 and $85 strike puts expiring on May 16.
Convex Value described the trading in out-of-the-money put options below Nvidia’s current spot price of $110 as unusual, suggesting that these could be protective plays. According to an analyst at the platform, buying put options is a way for traders to hedge against potential market declines or profit from bearish scenarios.
Merlin Capital, a Substack-based analytics service, hinted at insider knowledge with a post on X saying, “Someone knows something.” This suggests that there may be information influencing the recent options activity surrounding Nvidia’s stock.
Researchers at the University of Oxford have made a groundbreaking advancement in quantum computing by developing a scalable quantum supercomputer capable of quantum teleportation. A key challenge in quantum computing has...
Researchers at the University of Oxford have made a groundbreaking advancement in quantum computing by developing a scalable quantum supercomputer capable of quantum teleportation.
A key challenge in quantum computing has long been scalability. While theoretical quantum computers have existed for decades, building large-scale, practical implementations has remained elusive.
Unlike classical computers that process information using binary bits (0s and 1s), quantum computers rely on qubits, which can exist in both states simultaneously due to superposition. This unique property enables quantum systems to perform calculations at speeds exponentially greater than traditional computers.
teleportation breakthrough
What sets this breakthrough apart is the teleportation of logical quantum gates—essential components of quantum algorithms—across a network. While quantum teleportation of data has been achieved before, this is the first instance where entire logical operations have been teleported, effectively linking separate quantum processors into a single, unified system.
Researchers suggest this technology could serve as a foundation for a future quantum internet, enabling ultra-secure communication, high-speed computation, and groundbreaking technological advancements.
“Our experiment demonstrates that network-distributed quantum information processing is feasible with current technology,” said Professor David Lucas, a lead scientist on the project.
The findings, published in Nature, mark a major leap toward scalable, fault-tolerant quantum computing—bringing us closer to a future where quantum machines revolutionize fields such as cryptography, artificial intelligence, and materials science.
