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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.
The real damage caused by a portfolio crash is not just financial loss, but also the destruction of confidence.
![[Bitpush Daily News Selection] World Economic Forum Chairman warns: AI, cryptocurrency, and debt may become the three major bubbles; Ripple completes $500 million financing, led by Fortress and Citadel Securities; Balancer releases preliminary report on vulnerability attack: batch swap rounding logic error exploited; JPMorgan CEO: We are heading for a recession with credit implications](https://img.bgstatic.com/multiLang/image/social/935bfd11b8f63a1b29dcd0fc149331ff1762394221101.png)
- 04:44Data: The current Crypto Fear & Greed Index is 28, indicating a state of fear.ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear & Greed Index is 28, up 4 points from yesterday. The 7-day average is 30, and the 30-day average is 35.
- 04:38ether.fi has invested $500,000 into its buyback program over the past two daysJinse Finance reported that the ether.fi Foundation stated in a post that over the past two days, ether.fi has invested $500,000 into its ongoing buyback program, repurchasing 574,000 ETHFI from the open market.
- 04:12David Sacks: Constructive discussions held on cryptocurrency market structure legislation, looking forward to the introduction of a bipartisan draft billChainCatcher news, White House cryptocurrency and artificial intelligence director David Sacks stated: "Thanks to Senate Agriculture Committee Chairman John Boozman and committee member Cory Booker for today's constructive discussion on cryptocurrency market structure legislation before the Senate Agriculture Committee. I am encouraged by the tremendous progress made so far and look forward to introducing a bipartisan draft bill in the near future."