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More →Samsung Electronics Chairman Lee Jae-yong visits the UAE to advance AI data center project.
CoinWorld news: Samsung Electronics Chairman Lee Jae-yong recently visited the UAE. Amid the current near-wartime geopolitical tensions, analysts say the trip will accelerate Samsung Group's business expansion in the Middle East, covering the supply of advanced chips for the construction and operation of AI data centers, as well as the expansion of combined-cycle power plant projects. The Al Dhafra gas power plant project that Lee Jae-yong inspected was won by a consortium formed by Samsung C&T and UAE builder Trojan General Contracting, with a total investment of $1.35 billion and production scheduled to begin next year. Once completed, the plant will provide about 1 gigawatt of power to AI data centers and is core infrastructure for the UAE's national "AI transformation" strategy. The industry expects Lee Jae-yong to advance business under complex circumstances, secure orders, and implement investments.
Arthur Hayes: AI financing needs are crowding out the sovereign debt market.
BitMEX co-founder Arthur Hayes said in an interview with The Rollup that AI financing demand is crowding out the sovereign debt market. Using the metaphor of "a hunger games for capital," he explained the competition for funds among AI companies, governments, and corporations.
Arthur Hayes: The Fed raising rates is giving some people a "pay raise"
BitMEX co-founder Arthur Hayes said in an interview with The Rollup that the Federal Reserve's interest rate hikes are actually giving some people a "raise." He pointed out that investors in crypto assets and scarce assets should pay more attention to changes in fiat money supply than to the level of interest rates.
Nvidia and TCV invest in AI video platform Higgsfield as annualized revenue surpasses $1 billion.
According to a report by Whiteline Daily on BiJie.com, Higgsfield, an AI video platform backed by Nvidia and TCV, has surpassed $1 billion in annualized revenue run rate. In addition, AWS expects that most of its large-scale compute capacity will be booked by 2027.
BTC liquidations totaled $118 million over the past 24 hours.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours is approximately $118 million, with 3,732 liquidation orders recorded. Compared with the same-metric snapshot 24 hours ago, this is up 72.44%; compared with the same-metric snapshot 7 days ago, it is up 481.82%.
The long-short account ratio for BTC contracts is 2.21.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.21, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.092; compared with the same-caliber snapshot 7 days ago, it rose by 0.4602.
Trump and Putin reach an agreement, Russian diesel tankers head to New York.
Crypto news outlet CoinWorld reports, according to Fox Business, Russian diesel tankers are heading to New York, and the agreement reached between Trump and Putin aims to lower fuel prices.
Trump calls on voters to check the books, saying some retirement accounts have seen gains of up to 80%.
According to CoinWorld news, Trump called on voters at a rally in Perry, Georgia, to check their 401(k) retirement accounts, claiming that some retirement accounts had risen by as much as 80%. He said, "Nobody has ever seen anything like this." At the same time, Trump also criticized former President Biden, saying that retirement savings fell by 25% during Biden's administration.
A whale added 9.21 million USDC, lowering the liquidation price of the ETH long position to $2,181.
According to CoinWorld news, at 11 p.m. last night, the price of ETH fell to a low of $2,282, and a giant whale with an oversized long ETH position was just $30 away from liquidation. To avoid liquidation, the whale added $9.21 million in USDC margin in the early hours of the morning, lowering the liquidation price of the long ETH position from $2,256 to $2,181, temporarily escaping liquidation risk. Currently, the whale holds long positions in BTC and ETH worth approximately $396.5 million, including 115,473 ETH (about $272.1 million) with a liquidation price of $2,181, and 1,539.5 BTC (about $124.4 million) with a liquidation price of $70,396.
Trump responds to criticism over high gas prices: I don't care, the US is making a fortune.
CoinWorld news: U.S. President Trump, speaking about high oil prices, said, "We're making money like never before. I can imagine how the fake news headlines will spin it—they'll say, 'President Trump is bragging about how much money they're making while people are suffering at the gas pump.' I don't care. We're making a fortune." Trump also said that when the war ends, oil prices will drop significantly.