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More →Pershing Square's CIO Israel said Netflix's annual earnings growth could reach 25%.
Pershing Square CIO Israel said Netflix's annual earnings growth could reach 25%.
Cloud computing service provider stocks fell collectively, with IREN dropping more than 12%.
News from Bijie: Cloud computing service provider stocks fell collectively, with IREN dropping over 12%, NEBIUS dropping over 10%, and Hewlett Packard Enterprise, Hut 8, Coreweave, and Riot Platform dropping over 8%, while Cerebras Systems fell nearly 3%. On the news front, the yield on CoreWeave's 9.75% bonds issued in July this year and maturing in 2031 surged to 16% on Wednesday, with prices falling to a new low. CoreWeave's credit default swaps (CDS) widened by more than 135 basis points in a single day, drawing attention from Musk, who exclaimed it was "scary." However, company CEO Mike Intrator sent an internal memo to employees describing the market reaction as "irrational" and emphasizing that the company's massive order backlog is sufficient to support debt repayment. International market research firm Gartner warned that the global investment boom in AI infrastructure is facing a serious risk of financial imbalance.
Portland-based startup Mueon secures $65 million in funding
Crypto news outlet reports that Portland-based startup Mueon has secured $65 million in funding to develop a new AI server rack component layout. The company claims that under the same power supply conditions, this design can support up to ten times the computing power of existing data center solutions, potentially alleviating the power and facility capacity bottlenecks facing global AI chips. The funding round was led by Maverick Silicon, with participation from Intel Capital, Wellington Capital, and other institutions. The company declined to disclose its valuation and has not yet generated any revenue.
Nasdaq-listed Tron establishes a $200 million ATM stock offering to acquire TRX.
CoinWorld data: Nasdaq-listed Tron has announced a new $200 million ATM stock offering program to fund its TRX acquisitions. The company currently holds approximately $237 million worth of TRX tokens and plans to raise further funds through this program to support its acquisitions. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday, the arrangement allows Tron to sell its common stock from time to time with a par value of $0.0001 per share. Tron's existing TRX accumulation plan was announced in February and involves purchasing approximately $50,000 worth of TRX per day for 360 days.
The U.S. 10-year Treasury yield is at 5.21%.
CoinWorld US stock data: The latest daily reading of the US 10-year Treasury yield is 5.21%. Compared with the same-caliber snapshot 24 hours ago, it fell by 0.03 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.06 percentage points.
ETH liquidation pressure: watch $2,256.29 to the downside and $2,478.99 to the upside.
According to CoinWorld data: ETH is currently priced at approximately $2,344.2. If the price drops by about 3.75% to around $2,256.29, some high-leverage long positions may face concentrated liquidations; if the price rises by about 5.75% to around $2,478.99, some high-leverage short positions may face concentrated liquidations. The liquidation zone below is currently closer to the current price, meaning that if the price moves downward, long liquidation pressure may emerge earlier. Other notable zones: $2,168.38 and $2,010.15 below; $2,772.01 and $2,777.87 above. These levels are estimated based on public market prices and changes in open interest. They do not mean the price will necessarily reach them, nor are they predictions of price movement. Compared with the same-caliber snapshot 24 hours ago, this is down 4.36%; compared with the same-caliber snapshot 7 days ago, it is down 7.02%.
Bitwise Chief Investment Officer: Bitcoin Benefits from AI Economic Prospects in the Long Term
Bitwise Chief Investment Officer Matt Hougan said in a letter to clients that regardless of whether artificial intelligence (AI) drives an economic boom in the future, a bubble burst triggers a recession, or moderate growth is maintained, Bitcoin will benefit in the long term. He pointed out that if the AI bubble bursts, the economy could fall into a recession similar to 2008, but due to AI's geostrategic importance, the probability of a government bailout is close to 100%, and Bitcoin, after an initial sell-off, will rebound strongly due to excessive money printing. If AI continues to boom, bringing a surge in productivity and depreciation in goods and services, the value of scarce hard assets such as gold and Bitcoin will rise. Under a scenario of moderate economic growth, continued inflows into spot ETFs and institutional/sovereign asset allocation will also steadily support Bitcoin demand.
Morgan Stanley: Bitcoin should be regarded as digital gold.
According to CoinWorld news, Morgan Stanley's Amy Oldenburg said they detailed Bitcoin to clients as "digital gold," emphasizing, "We made a very strong argument that Bitcoin should trade like digital gold... We do think the digital gold thesis is a pretty strong rationale for a Bitcoin portfolio allocation."
BTC liquidation pressure: watch $77.9K to the downside and $81.7K to the upside.
CoinWorld data: BTC is currently priced at around $80,300. If the price falls by about 3% to around $77,900, some high-leverage longs may face concentrated liquidations; if the price rises by about 1.75% to around $81,700, some high-leverage shorts may face concentrated liquidations. The upper liquidation zone is currently closer to the spot price, meaning that if the price moves upward, short liquidation pressure may appear earlier. Other notable zones: $76,100 and $67,700 below; $84,200 and $89,000 above. The above levels are estimated based on public market prices and changes in open interest, and do not mean the price will necessarily reach them, nor are they predictions of price direction. Compared with the same-caliber snapshot 24 hours ago, it is down 2.36%; compared with the same-caliber snapshot 7 days ago, it is down 2.19%.
Bank of America's credit card delinquency rate was 1.37% at the end of September.
According to a report by Reuters, Bank of America Corp disclosed in its latest SEC filing that its credit card delinquency rate was 1.37% as of the end of September.