BTC $79,528.55 -1.90%
ETH $2,450.09 -2.51%
BNB $722.49 -0.35%
XRP $1.40 -3.50%
SOL $101.71 -2.15%
TRX $0.3318 +0.92%
DOGE $0.0846 -3.08%
ADA $0.2106 -5.35%
BCH $247.79 -3.22%
LINK $11.64 -2.56%
HYPE $83.90 -3.04%
AAVE $129.22 -3.86%
SUI $0.7670 -0.56%
XLM $0.1809 -1.68%
ZEC $1,019.33 +6.51%
BTC $79,528.55 -1.90%
ETH $2,450.09 -2.51%
BNB $722.49 -0.35%
XRP $1.40 -3.50%
SOL $101.71 -2.15%
TRX $0.3318 +0.92%
DOGE $0.0846 -3.08%
ADA $0.2106 -5.35%
BCH $247.79 -3.22%
LINK $11.64 -2.56%
HYPE $83.90 -3.04%
AAVE $129.22 -3.86%
SUI $0.7670 -0.56%
XLM $0.1809 -1.68%
ZEC $1,019.33 +6.51%

tru

All
Article
Flash

Trump: Employment data far exceeded expectations, the Federal Reserve "should cut interest rates"

Former President Trump stated: The recently released employment data is fantastic, breaking all expectations (except mine!), with an increase reaching two to three times the forecast, and you haven't seen the full picture yet!American employers added 162,000 jobs in August. Lower the interest rates, because the credit situation in the U.S. is much stronger than it was not long ago! A strong country means lower interest rates because its credit situation is better... it's that simple!We should have the lowest interest rates in the world, just like in the "good old days." If the U.S. does not agree to allow these countries to enjoy huge trade surpluses, and we can stop that immediately, then they should no longer be considered financial "elite" countries! Lower the interest rates, or I will stop trading with those countries that have a trade surplus with the U.S. The U.S. Supreme Court has already clearly recognized in that ridiculous and costly tariff ruling that the "President" has the absolute right to do so. This is better than tariffs!The Federal Reserve Board, under the leadership of this outstanding new leader, must become wise, think from a different perspective, and act like patriots. High interest rates put the U.S. at an extremely unfair disadvantage, and I will never allow this to happen!

first_img Zuckerberg told Trump that the concept of a national AI regulatory agency is flawed

Meta CEO Mark Zuckerberg expressed concerns about the plan to establish a national AI regulatory agency during a phone call with U.S. President Donald Trump last month. The proposal, advocated by Google DeepMind scientist Demis Hassabis and supported by some White House officials, aims to create an independent organization similar to FINRA to review and test potential risks before the broader deployment of advanced AI models. White House officials previewed the proposal to Trump and major tech companies, including Meta, in mid-August.Trump spoke with Zuckerberg during the week of August 17. According to senior White House officials familiar with the conversation, Zuckerberg opposed the proposal. Another informed source indicated that Zuckerberg did not ask Trump to change his position but told him that the personnel of the regulatory agency the White House might appoint should reflect Trump's light-touch approach to AI, noting that Trump made the call first. The conversation did not kill the idea, which is still under consideration. A Meta spokesperson declined to comment. A White House spokesperson stated that the Trump administration is committed to balancing innovation and safety in AI policymaking.In an article in August, Zuckerberg expressed skepticism about strict government regulation of new AI models, arguing that any policy that delays the release of models by even a month would pose significant risks to the U.S. leadership position relative to China. The government is considering a FINRA-like regulatory agency or a voluntary industry organization similar to the Motion Picture Association of America. Trump's former AI and crypto czar, David Sachs, opposed government regulatory agencies, calling them "the DMV of AI." Anthropic co-founder Jack Clark expressed support for the FINRA-like idea in a post in July.

Garrett Jin: Bitcoin holds key support, maintaining a constructive outlook before the end of the year under macro pressures

BTC OG insider whale agent Garrett Jin released a market outlook indicating that the macro environment has clearly tightened this week, with Brent crude oil approaching $95, and the yield on the U.S. 10-year Treasury bond breaking through 4.8%. The market's expectation of a rate hike by the Federal Reserve in September has risen to about 70%. Bitcoin has slightly retraced under this pressure but successfully held the key support level of $76,600, then rebounded to the high range of $77,000.On-chain cost basis data shows that a significant amount of new supply has formed in the $75,000 to $80,000 range, providing strong support for the market; the $80,000 to $82,500 range is currently the largest concentration of resistance. A daily close above $82,500 and a successful retest confirmation will be a key signal for supply clearance. In terms of ETF liquidity, there was a net inflow of about $3.5 billion into U.S. spot ETFs in August, but a two-way flow has appeared at the start of September, with a net outflow of about $237 million on Tuesday, and retail activity has also cooled down.Regarding downside risks, if the daily close falls below $76,600, and ETF flows, Coinbase premiums, and 7-day net realized profits all weaken simultaneously, it will be seen as a clear warning signal. This Friday's non-farm payroll data will be the next important macro testing point; if the data is hot, it will strengthen rate hike expectations, and the $76,600 support may come under pressure again.

first_img Jensen Huang stated at the G20 that computing power has become a national-level infrastructure, with an investment of about 50 to 60 billion dollars for 1 GW

On Wednesday, local time in the United States, NVIDIA CEO Jensen Huang appeared at the G20 Innovation Ministerial Meeting and engaged in a fireside chat with U.S. Secretary of Commerce Gina Raimondo. Huang stated that AI is evolving into a national economic infrastructure similar to electricity and the internet, and the biggest risk countries face is not sufficiently investing in and adopting AI, ultimately being left behind by the industrial revolution.Huang mentioned that currently, building 1 gigawatt of AI infrastructure requires an investment of about $50 billion to $60 billion, and he expects that from now until the end of this decade, the scale of related construction will reach approximately 100 gigawatts. He also referenced the "five-layer cake" model of energy, chips, infrastructure, models, and applications, indicating that every country needs to build AI infrastructure and decide which aspects they wish to participate in.Huang anticipates that in the coming years, AI will essentially achieve AGI, and the next phase will transition from large language models to intelligent agents and embodied intelligence. He believes that AI is more likely to replace tasks rather than completely replace jobs, with operational tasks such as writing and information processing potentially becoming gradually automated.
app_icon
ChainCatcher Building the Web3 world with innovations.