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With a valuation comparable to OpenAI and surpassing SpaceX and ByteDance, Tether has attracted significant attention.
No need for chart analysis, macro research, or even inputting the amount of funds.
The US government shutdown has entered its 36th day, leading to a decline in global financial markets. The shutdown has prevented funds from being released from the Treasury General Account (TGA), draining market liquidity and triggering a liquidity crisis. Interbank lending rates have soared, while default rates on commercial real estate and auto loans have risen, increasing systemic risk. The market is divided over future trends: pessimists believe the liquidity shock will persist, while optimists expect a liquidity release after the shutdown ends. Summary generated by Mars AI. The accuracy and completeness of this summary are still being improved as the Mars AI model is updated.
Nvidia CEO Jensen Huang stated bluntly that, thanks to advantages in electricity prices and regulation, China will win the AI race. He added that overly cautious and conservative regulation in Western countries such as the UK and the US will "hold them back."
As Wall Street grows increasingly concerned about an AI bubble burst, OpenAI's CFO is instead calling for "more enthusiasm." She also stated that going public is currently not in the company's plans.
The Federal Reserve's ongoing interest rate cuts continue to inject liquidity into the market, which should, in theory, boost the prices of risk assets. However, why does the crypto market continue to decline? In particular, why did BTC experience a significant breakdown yesterday? This article will explore the underlying reasons and present key observation indicators.
- 06:11Ethereum DeFi giants jointly establish the EPAA advocacy allianceJinse Finance reported, citing Cointelegraph, that major DeFi protocols in the Ethereum ecosystem, including Aave Labs, Curve, Lido Labs, and Uniswap Foundation, have jointly established the Ethereum Protocol Advocacy Alliance (EPAA). The alliance aims to coordinate policy efforts and educate legislators about the Ethereum ecosystem. The alliance emphasized that its establishment is important to balance the "excessive influence" of centralized crypto entities in policy-making. The EPAA has received support from the Ethereum Foundation and will interact with policymakers in four ways: contributing technical expertise, producing practical resources, coordinating strategic engagement, and identifying areas of shared technical interest. Reportedly, these protocols collectively safeguard over $100 billions in non-custodial assets.
- 05:29Circle updates USDC policy to allow legal gun purchases, sparking debate over stablecoin neutralityChainCatcher News, according to market sources, stablecoin issuer Circle has updated its terms of service, removing the previous prohibition on using USDC to purchase firearms. This policy change was made under pressure from the National Shooting Sports Foundation (NSSF) and gun rights advocates, who accused Circle of discriminating against lawful business activities. A Circle spokesperson confirmed: "We have clarified our terms to reflect that USDC can be used for lawful firearm transactions protected under the Second Amendment. We will not refuse USDC transactions involving legal firearms." Republican Senator Bill Hagerty called this a "victory against the weaponization of the financial system." However, Kadan Stadelmann, CTO of blockchain technology company Komodo, warned that this incident shows "stablecoins are subject to the control of political figures," and questioned whether centralized stablecoin issuers can truly remain neutral, as they are "subject to U.S. laws, regulations, and political policies."
- 05:20Data: US spot bitcoin ETFs saw a net outflow of $137 million yesterday, marking six consecutive trading days of net outflows.ChainCatcher News, according to monitoring by Farside Investors, the net outflow of US spot bitcoin ETFs yesterday was $137 million, marking six consecutive trading days of net outflows. Among them, BlackRock's IBIT saw a net outflow of $375.5 million yesterday, Fidelity's FBTC had a net inflow of $113.3 million, and ARKB had a net inflow of $82.9 million.