Digital Ruble Launches as Bitcoin Surges Past $82,000 Amidst Nvidia's $13 Billion AI Acquisition
The Bank of Russia launched its digital ruble on September 1, allowing citizens to open accounts via banking apps with a monthly top-up limit of 300,000 rubles. Transfers and payments are currently free.
Bitcoin gained about 25% in August, recovering from $64,000 to $82,000, with inflows into crypto funds exceeding $2.9 billion for the week. Major holders increased their positions by 60,000 BTC, and the correlation with gold reached a six-year high.
Nvidia confirmed the acquisition of Hugging Face for $12.93 billion, tripling the platform's valuation in just three years despite annual revenue of around $150 million. The key question is whether Nvidia will maintain the platform's neutrality.