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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.
- 06:51Japanese and South Korean stock markets closed higherJinse Finance reported that the Nikkei 225 Index closed up 671.41 points, or 1.34%, at 50,883.68 points on Thursday, November 6. The Korea KOSPI Index closed up 22.03 points, or 0.55%, at 4,026.45 points on Thursday, November 6. (Golden Ten Data)
- 06:26Ethereum TPS reaches 24,192 per second, setting a new all-time highJinse Finance reported that Ethereum has reached a historical high of 24,192 transactions per second (TPS), with the L2 network Lighter consistently contributing around 4,000 transactions per second since its launch.
- 06:26Goldman Sachs: Even if the US Supreme Court rules Trump's tariffs illegal, the overall impact on trade will be limitedJinse Finance reported that Goldman Sachs pointed out that during the oral argument session, several U.S. Supreme Court justices questioned Trump's use of power under the International Emergency Economic Powers Act, indicating that the Supreme Court is increasingly likely to rule that the government's use of emergency powers to impose tariffs is unconstitutional. Prediction markets now believe that the probability of the Supreme Court upholding the tariffs has dropped by about 10 percentage points. The final decision is expected to be announced between December 2025 and January 2026. If the Supreme Court rules against the legality of the tariffs, the government may need several months to refund the approximately $115 billion to $145 billion in tariffs that have already been collected. However, the government is likely to seek other legal grounds to reimpose similar tariffs, which means the overall impact on trade will remain limited. Any tariff reduction measures may only apply to smaller trading partners and are not expected to result in significant changes for major economies such as the EU. However, the process of refunds and temporary tariff gaps may trigger short-term market volatility. (Golden Ten Data)