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More →Google announces a breakthrough in the quantum computing bottleneck, with magic state cultivation technology significantly reducing error rates.
According to Bijie News, Google announced that its quantum AI team has successfully overcome a major bottleneck in quantum computing in a research study, using a technique called magic state cultivation to reduce error rates by about 40 times. This technique was implemented on Google's Willow processor, marking a significant reduction in the cost of building quantum computers and promoting their application in fields such as drug design and new material development. Google stated that the success of magic state cultivation technology will make quantum computers more feasible in practical applications and may have an impact on encryption technology in the future.
The 4-hour trading volume ratio of SOL contracts to spot is 9.03.
Bjie.com data: Over the most recent 4 full hours for SOLUSDT, perpetual contract trading volume was 9.03 times the spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it rose by 1.2336; compared with the same-caliber snapshot 7 days ago, it fell by 0.4376.
The 4-hour trading volume ratio of ETH contracts to spot is 14.7.
Bjie.com data: Over the most recent 4 full hours for ETHUSDT, perpetual contract trading volume was 14.7 times spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it rose by 4.6031; compared with the same-caliber snapshot 7 days ago, it fell by 0.3737.
Fed's Hammack: Worsening inflation expectations could force the Fed to take more forceful action
According to CoinWorld news, Cleveland Fed President Hammack said on Thursday that if the public's inflation expectations deteriorate, the Federal Reserve may need to take more aggressive action to address it. She is concerned that if an inflation mindset takes hold—that is, if the public begins to expect price pressures to become increasingly persistent—then monetary policy will be less able to function as it should. Hammack noted that if an inflation mindset has already formed, the Federal Reserve may need to take more forceful action.
The 4-hour trading volume ratio of BTC contracts to spot is 9.6.
Bjie.com data: Over the most recent 4 complete hours for BTCUSDT, perpetual contract trading volume was 9.6 times spot trading volume. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.6957; compared with the same-caliber snapshot 7 days ago, it fell by 1.4767.
Chip startup Bolt Graphics plans to raise $100 million.
Chip startup Bolt Graphics is seeking to raise $100 million. According to three people familiar with the matter, chip design startup Bolt Graphics is looking to raise about $100 million at a valuation of roughly $700 million. The company hopes to use the funds to develop graphics chips and compete with Nvidia (NVDA.O) and AMD (AMD.O). As these two giants continue to increase their R&D investment in underlying hardware, Bolt plans to design chips focused on non-AI areas, such as the high-precision computing required for supercomputers and graphics processing for video games. The people familiar with the matter said the financing is still ongoing, and both the amount Bolt plans to raise and its valuation may change.
Lark Davis: Record Bitcoin ETF Inflows Form Long-Term Support
According to CoinWorld news, market analyst Lark Davis stated that Bitcoin ETF inflows have hit a record, and institutional investor interest has created a "new long-term support" for it. He pointed out, "This phenomenon also occurred with gold ETFs in 2004... Bitcoin is going through a similar phase."
BTC had a net capital outflow of 1,018.645 BTC over the past 24 hours.
CoinWorld data: BTC saw a net capital outflow of 1,018.645 BTC over the past 24 hours. This figure is aggregated from continuous 1-hour resolution data and represents the rolling 24-hour net capital flow denominated in BTC assets. It does not represent exchange net inflows, on-chain exchange flows, or institutional capital flows, and should not be conflated with deposit/withdrawal data from any single exchange. Compared with the same-caliber snapshot 24 hours ago, it rose by 31.94%; compared with the same-caliber snapshot 7 days ago, it rose by 1.52%.
Jinshi Data compilation: Middle East situation tracking (October 16)
Bitcoin World News, Compiled by: Middle East Situation Tracker (October 16). Conflict developments: 1. The Yemeni government said the presidential palace was attacked, killing 5 and injuring 16, at a time when senior officials including the Yemeni prime minister were holding a meeting. 2. U.S. media: The United States has formulated a new plan to strike Iran and may use the "Mother of All Bombs" for the first time to strike energy and nuclear facilities. 3. Yemen's Houthi armed group once again warned that Saudi airspace and airports are "unsafe." 4. Iran's navy: An oil tanker caught fire in the eastern waters of the Strait of Hormuz. 5. Iran's military: The strait has not been opened, and if infrastructure is attacked, it will retaliate several times over. Peace negotiations: 1. Iran's president: Bombs and missiles cannot force a country to surrender. 2. U.S. State Department official: U.S. Secretary of State Rubio urged the establishment of a direct military communication channel between the Lebanese and Israeli militaries to avoid escalation of the conflict. Other developments: 1. The U.S. Department of the Treasury announced a new round of sanctions on Iran and Cuba and adjusted the transaction license for Lukoil.
Fed's Hammack: Inflation mentality could force the Fed to take aggressive policy action
According to CoinWorld news, Federal Reserve's Hammack stated that the formation of inflation thinking may force the Federal Reserve to take more aggressive policy actions.