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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.
- 08:35Spot gold rises to $4,010 per ounce, up 0.78% on the dayJinse Finance reported that spot gold continues to rise, reaching $4,010 per ounce, up 0.78% on the day. (Golden Ten Data)
- 08:35Dalio: The Federal Reserve is fueling a bubble and monetizing government debtJinse Finance reported that Bridgewater Fund founder Ray Dalio stated that the Federal Reserve's previous quantitative easing was "a stimulus for depression," while the current quantitative easing is "a stimulus for bubbles." When the supply of US Treasuries exceeds demand, and the Federal Reserve is printing money and buying bonds, while the Treasury is shortening the maturity of the debt it sells to make up for the lack of demand for long-term bonds, these are all classic late-stage dynamics of the "big debt cycle." Because the fiscal side of US government policy is now highly stimulative (attributable to the huge existing outstanding debt and massive deficits, financed by large-scale issuance of government bonds, especially with relatively short maturities), quantitative easing will effectively monetize government debt, rather than simply re-injecting liquidity into the private system. This is what makes the current situation different, and it seems to make it more dangerous and more inflationary. This looks like a bold and risky "big bet," betting on growth, especially growth brought by artificial intelligence, and this growth is financed through very liberal easing of fiscal policy, monetary policy, and regulatory policy. We will have to monitor closely in order to respond appropriately. (Golden Ten Data)
- 08:33UBS: If Trump’s tariffs are overturned, the Federal Reserve may have an opportunity to cut rates as U.S. fiscal pressure mountsChainCatcher reports that UBS Group analysis indicates that if the US Supreme Court rules Trump's tariff policy illegal, it is expected to force the US government to refund approximately $140 billion in taxes to importers, which is equivalent to 7.9% of the projected federal budget deficit for fiscal year 2025. If the US government loses the case, the massive tax refund will immediately trigger a fiscal shock and may also lead to the formation of a structurally low-tariff trade environment. If trade partners do not retaliate, this environment will ultimately benefit the US economy and stock market. UBS estimates that the government is likely to use legal tools such as Section 201 and Section 301 of the Trade Act of 1974 to rebuild tariff barriers, but this process will take several quarters and result in reduced flexibility in trade policy. Although the refunds will bring windfall gains to importing companies, since tariff costs have not significantly suppressed S&P 500 earnings expectations, their overall market impact may be limited. UBS believes that the ruling may ultimately lower the overall effective tariff rate, increase household purchasing power, ease inflationary pressures, and provide the Federal Reserve with more room for rate cuts. As long as trade partners avoid escalating countermeasures, this will generally be welcomed by stock market investors.