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ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear & Greed Index is 14, up 2 points from yesterday. The 7-day average is 14, and the 30-day average is 10.

格隆汇 March 11｜According to Kuai Technology, memory manufacturers' stock prices have recently started to pull back, and price increases are showing signs of slowing. However, a statement from NVIDIA CEO Jensen Huang has reignited the market. Huang recently called on memory manufacturers, expressing hope that they will expand production, and boldly claimed that NVIDIA would consume as much capacity as they could produce. This assertive stance suggests that NVIDIA's AI GPUs will require even more memory chips. The core reason behind this round of price surges for memory (and flash memory) is AI demand. NVIDIA's AI GPUs are increasingly paired with larger HBM3/4 capacities, prompting companies like Samsung, SK Hynix, and Micron to shift their memory production towards HBM. Moreover, NVIDIA will soon unveil its new LPU product at the GTC conference, which will no longer use expensive HBM memory but may adopt LPDDR memory and SRAM cache, still requiring substantial memory production capacity. NVIDIA is likely the largest customer for memory chips at present.

Golden Ten Data reported on March 11 that the ongoing war in Iran continues to bring uncertainty, and market expectations for a possible rate hike by the Bank of Japan have weakened. Against this backdrop, demand for Japan's five-year government bond auction was stronger than the 12-month average. The bid-to-cover ratio for this auction was 3.69, higher than the previous auction's 3.10 and the 12-month average of 3.44. After the auction ended, Japanese bond futures narrowed their losses. The surge in oil prices combined with the depreciation of the yen has increased Japan's risk of sliding into stagflation, prompting the government to ramp up fiscal spending and complicating the central bank's tightening measures. The five-year yield, which is sensitive to monetary policy expectations, is currently trading around 1.64%. Last week's 30-year government bond auction saw strong demand, indicating that investor appetite remains robust despite the war factor. As investors assess how tensions in the Middle East might impact Japan's fiscal agenda under Sanae Takaichi, next week's 20-year government bond issuance will also be closely watched.