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The recent decline in bitcoin prices is primarily driven by expectations of a rate hike by the Bank of Japan, uncertainty regarding the US Federal Reserve's rate cut trajectory, and systemic de-risking by market participants. Japan's potential rate hike may trigger the unwinding of global arbitrage trades, leading to a sell-off in risk assets. At the same time, increased uncertainty over US rate cuts has intensified market volatility. In addition, selling by long-term holders, miners, and market makers has further amplified the price drop. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.
The crypto industry is replacing Wall Street's privileged status within the American right-wing camp.
The market is transitioning from an emotion-driven cycle of speculation to a phase of structural differentiation driven by regulatory channels, long-term capital, and fundamental-based pricing.
The market is down again, but this may not be a good buying opportunity this time.
SCOR announced today a major strategic partnership with creative director, cultural icon, and CLOT founder Edison Chen.
- 06:51Japanese and South Korean stock indices closed sharply lower, with South Korea's KOSPI index down 2.24%.BlockBeats News, December 16, the Nikkei 225 Index closed down 784.82 points, a decrease of 1.56%, at 49,383.29 points on December 16 (Tuesday). The Korea KOSPI Index closed down 91.46 points, a decrease of 2.24%, at 3,999.13 points on December 16 (Tuesday). (Golden Ten Data)
- 06:42Former Vice Minister of the Ministry of Industry and Information Technology Wang Jiangping: AI Scientific Discovery Faces a "Bottleneck" DilemmaJinse Finance reported that today, Wang Jiangping, former Vice Minister of the Ministry of Industry and Information Technology, pointed out that there is currently a "barrier lake" dilemma in AI scientific discovery. He analyzed that AI's predictive achievements are growing at an exponential rate, while human verification and industrialization capabilities are only increasing linearly, resulting in a huge gap between the two. The predictions made by AI in one day would take humans 10 years or even longer to verify. This contradiction, like a "barrier lake," blocks the channel for scientific discoveries to be transformed into practical applications, causing a massive amount of predictive results to be unable to be experimentally verified and industrialized in a timely manner, and also occupying a large amount of scientific research and computing resources. (Guoshi Direct Train)
- 06:13El Salvador partners with xAI; all public schools to adopt the Grok system within the next two yearsForesight News reported that El Salvador's President Nayib Bukele tweeted that the El Salvador government has reached a cooperation agreement with Musk's xAI. Over the next two years, all public schools will adopt the Grok system. The two parties will collaborate to develop new methods, databases, and frameworks for classroom AI applications, enabling every student in El Salvador, from first grade through high school, to receive proactive and personalized tutoring (based on Grok's "intelligent engine"). This system will be adapted according to each student's abilities, skills, and knowledge level.