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Has the "flywheel" become a "death spiral"?
The AI competition is shifting from algorithms to a comprehensive battle involving computing power, capital, and energy.
When the harsh reality of leverage becomes apparent, every participant must remember: risk management is always more important than chasing returns.
In the cryptocurrency sector, holding positions and waiting is a slow financial suicide.
Being cautious in the crypto space is just a slow way to stay poor.
During the market crash, the price of USDe on its main trading platform Curve dropped by only 0.3%.
The article reveals the harsh reality of the cryptocurrency market, noting that most investors incur losses by clinging to old narratives and tokens, while new investors who adapt to market changes profit through flexible strategies. The market has become fragmented, and the era of a unified altcoin season no longer exists. Summary generated by Mars AI. The accuracy and completeness of this summary are still in the iterative update stage.
- 22:17Analyst: U.S. Crypto Market Structure Legislation May Have to Wait Until After the Midterm ElectionsJinse Finance reported that TD Cowen analysts stated that progress on crypto market structure legislation in the U.S. Senate may have to wait until after the midterm elections. There are disagreements between Republicans and Democrats on how to regulate the crypto industry, and negotiations have not been smooth. Republicans have proposed dividing jurisdiction over crypto assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and defining “ancillary assets” to clarify non-securities cryptocurrencies; Democrats, on the other hand, have proposed measures to prevent illegal activities in decentralized finance, but these have been questioned by Republicans and the industry. TD Cowen pointed out that although procedural differences will not prevent an agreement from being reached, senators are not in a hurry to move forward, and legislation is expected to be delayed. Some Democrats have also called for a ban on senior officials and their families holding crypto company assets, which further increases the difficulty of passing legislation.
- 22:17Microsoft faces antitrust class action lawsuit, accused of raising ChatGPT pricesJinse Finance reported that Microsoft (MSFT.O) is facing a new consumer lawsuit. The plaintiffs accuse the tech giant of illegally inflating the price of generative artificial intelligence through a secret agreement with ChatGPT developer OpenAI. This class action lawsuit has been filed in federal court in San Francisco, alleging that Microsoft used its exclusive cloud computing agreement with OpenAI to restrict the supply of computing resources needed to run ChatGPT. So far, Microsoft has invested more than $13 billion in OpenAI. The complaint states that the agreement reached by Microsoft during OpenAI's early development stage violated U.S. federal antitrust laws, suppressed market competition, artificially raised ChatGPT subscription prices, and harmed the product quality for millions of users of the AI platform.
- 22:03Tether mints an additional 1 billion USDTJinse Finance reported, according to Whale Alert monitoring, around 04:40 (GMT+8) today, Tether Treasury newly minted 1,000,000,000 USDT.