traders continue to price in two rate cuts by the Federal Reserve this year. Previously, Trump nominated Kevin Warsh to be the Chairman of the Federal Reserve.
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Traders continue to price in two Fed rate cuts this year.
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Waller: At the last meeting, support was given for a 25 basis point rate cut to stimulate economic activity.
Federal Reserve Governor Waller stated he voted against at the last meeting, supporting a 25 basis point rate cut, believing that the current policy is still excessively restraining economic activity. -
Bitcoin's market capitalization has fallen out of the top 10 global assets, currently ranking 12th.
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The US spot Bitcoin ETF saw a net outflow of $817.72 million yesterday.
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El Salvador's central bank buys $50 million of gold as government keeps adding bitcoin
The bitcoin-friendly nation's central bank now holds over $360 million of the yellow metal, while the government, led by President Nayib Bukele, has bitcoin holdings worth $635 million.
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BTC breaks through $82,000
the market shows BTC breaking through $82,000, currently at $82,010.38, with a 24-hour decline of 7.1%. The market is highly volatile, please manage your risk accordingly. -
BTC falls below $82,000
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U.S. stocks opened mixed, with Microsoft shares falling more than 8%.
three major US stock indexes opened with mixed changes: the Dow Jones Industrial Average rose 0.08%, the S&P 500 rose 0.18%, and the Nasdaq Composite fell 0.12%. After the earnings reports released in the previous trading session, the stock prices of Microsoft, Tesla, Meta, and IBM fell 8.7%, rose 1.5%, rose 10.6%, and rose 6.8%, respectively. -
Alibaba is considering increasing its investment in AI infrastructure and cloud computing from 380 billion yuan to 480 billion yuan over the next three years.
an insider revealed Alibaba is considering increasing its investment in AI infrastructure and cloud computing over the next three years from 380 billion yuan to 480 billion yuan. Domestically, Alibaba has its self-developed chip, the Zhenwu 810E; overseas, it is also "using trucks to transport purchased GPUs," said an insider. At the most aggressive stage, "even consumer-grade graphics cards like the RTX4090 were bought in large quantities to build inference clusters and supplement inference throughput." (LatePost)
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