Crypto Investors Reel as Hacks Cost Over $600 Million, Amazon Eyes Nvidia

Cryptocurrency investors suffered significant losses in April due to a series of high-profile hacks, with over $600 million lost in the first 24 days of the month alone.

The hacks, which affected several major cryptocurrencies including Solana and Ethereum, were linked to North Korea's notorious Lazarus Group hackers. While these breaches were significant, experts note that they are not uncommon in the cryptocurrency space, and that both Ethereum and Solana have a history of bouncing back from similar incidents.

In related news, Amazon is investing heavily in its custom chip technology, which could potentially threaten Nvidia's market share. The company's Trainium chips offer better cost-performance than GPU-based training, and recent sales data suggests that Amazon has already secured significant commitments from major clients for its new capacity.