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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.
- 06:51Trump files lawsuit over misleading editing in BBC documentary, seeking at least $10 billions in damagesBlockBeats News, December 16, according to Bloomberg, U.S. President Donald Trump has filed a lawsuit against the BBC over a misleading edit in a documentary last year, seeking at least $10 billion in damages. Trump claims that the edit gave the false impression that he directly incited violence during a speech before his supporters stormed the U.S. Capitol on January 6, 2021. The lawsuit against the British Broadcasting Corporation (BBC) was filed on Monday in federal court in Miami. The complaint contains two allegations: one for defamation, and another accusing the BBC of violating Florida's trade practices law. Trump is seeking at least $5 billion in damages for each allegation, as well as compensation for other related costs.
- 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)