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BTC $71,509.02 -2.86%
ETH $2,002.89 +0.11%
BNB $698.41 -1.51%
XRP $1.30 -2.43%
SOL $81.01 -0.83%
TRX $0.3433 -1.78%
DOGE $0.1004 +0.92%
ADA $0.2304 -1.17%
BCH $292.75 -2.77%
LINK $9.05 -0.15%
HYPE $72.97 +5.34%
AAVE $80.31 -1.42%
SUI $0.8777 -0.22%
XLM $0.2474 +0.90%
ZEC $559.66 +2.44%

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The AI infrastructure sector remains active, with Gate NVDAX contract key indicators consistently ranking first in the world

Recently, funds have continuously flowed into the AI infrastructure sector, significantly increasing the trading activity of computing power and data center-related assets. According to Gate market data, NVIDIA (NVDAX) is currently priced at $216.60, up 0.25% in 24 hours; Marvell Technology (MRVL) is currently priced at $205.17, up 0.82% in 24 hours. According to CoinGlass data, the NVDAX contract position on the Gate platform reached $4.08 million, with a 24-hour trading volume of $2.46 million, both ranking first in the world; the MRVL contract position reached $1.46 million, ranking among the market leaders. Relevant data indicates that AI computing power and data center infrastructure-related assets remain an important direction for capital allocation.It is reported that Gate's stock trading service has officially launched, allowing users to directly trade over 10,000 mainstream U.S. stocks and ETFs using USDT, covering major U.S. securities trading markets and liquidity networks such as NYSE, Nasdaq, NYSE Arca, NYSE American, and BATS, providing users with a more comprehensive choice for global securities asset allocation and further bridging crypto assets with traditional financial markets. Based on a unified account system, users can achieve flexible allocation of digital assets and global securities assets on the same platform, enhancing cross-market investment efficiency.

Santiment: The Bitcoin long-short ratio surged to 2.23, reaching a new high for the year, which may indicate a short-term correction

The crypto sentiment platform Santiment published an analysis stating that the ratio of positive to negative comments about Ethereum has shifted from a strong FOMO sentiment in late April to a clear FUD sentiment now. Harvard University completely liquidated its $87 million Ethereum ETF one quarter after buying in; researchers from the Ethereum Foundation announced their resignations; and David Hoffman publicly stated his exit from the Ethereum project. The Santiment team interprets this trend as a mildly bullish signal, similar to the significant rise that followed the mid-2023 market sentiment low.Despite the panic sentiment, the number of non-bearish wallets for Ethereum remains as high as 192.92 million, more than three times Bitcoin's approximately 59 million. The activity in DeFi and staking trading surged at the beginning of the year and has since normalized, but the creation of new wallets continues to maintain a healthy growth rate. Fundamental data such as holders and activity do not support the claim that "the Ethereum network is dying." Additionally, the long-to-short ratio for Bitcoin has reached 2.23, the highest level since 2026. Previously, the highest daily long-to-short ratios often resulted in short-term price corrections, while extremely low short ratios indicate a local bottom. The current optimism stands in stark contrast to the outflow of short funds from ETFs, thus caution is warranted.
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