Hong Kong-based crypto exchange BitForex appears to have gone entirely dark following the suspension of its website and trading application on Feb 23. Users have been unable to initiate withdrawals or access the exchange for several days, which boasted over $2 billion in trading volume as recently as Feb 24. Data from CoinGecko shows trading The post BitForex alleged $2.5 billion volume flatlines as exchange abruptly goes offline appeared first on CryptoSlate.

An unknown Ethereum whale has been accumulating ETH at a rapid pace since the start of February. Over the past 23 days, wallet 0x7a95c has acquired $411 million worth of ETH and stETH, mostly from Binance. Data shared with CryptoSlate from Spotonchain traces the ETH inflows into the wallet throughout the month, showing persistent purchases The post Mystery Ethereum whale accumulates $411 million ETH in February amid ETF rumors appeared first on CryptoSlate.

The launch of Ping Exchange signals a potential new stage in digital assets trading. The hybrid platform merges robust security protocols with user-focused asset control, setting a high bar for how exchanges should safeguard user assets. Ping’s standout feature is an unconventional model using a hybrid custodial cold storage to redefine crypto exchange security. Ping The post Ping Exchange’s hybrid cold storage redefines standards for crypto exchange custody appeared first on CryptoSlate.

Groq’s LPU Inference Engine, a dedicated Language Processing Unit, has set a new record in processing efficiency for large language models. In a recent benchmark conducted by ArtificialAnalysis.ai, Groq outperformed eight other participants across several key performance indicators, including latency vs. throughput and total response time. Groq’s website states that the LPU’s exceptional performance, particularly The post Groq’s $20,000 LPU chip breaks AI performance records to rival GPU-led industry appeared first on CryptoSlate.

Global digital asset investment products saw significant inflows last week, totaling $1.1 billion, propelling the year-to-date figure to $2.7 billion. The latest weekly report from CoinShares confirmed the surge in the inflow of funds into digital asset investment products, which pushed the assets under management to a peak not seen since early 2022, now standing The post Record global inflows into digital asset funds push AuM to $59 billion peak appeared first on CryptoSlate.