News linked to both this project and an event.
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Odaily News - The Korea Digital Convergence Industry Association has released the "Expected Revisions to Sub-regulations of the Tokenized Securities System and Detailed Guidelines" document, which primarily clarifies the scope of "pooling" for similar underlying assets, OTC trading limits for retail investors, access conditions for OTC exchanges handling non-standardized securities, the roadmap for tokenization of standardized securities (STO), and requirements for issuer account management institutions.The document mentions that separate annual limits are expected to be set for retail investors trading tokenized securities over-the-counter. In addition, licensing standards for OTC trading venues will be established, along with the inclusion of multiple asset valuation standards and profit distribution methods.It is reported that the detailed regulatory rules will still need to go through legislative, public notice, and regulatory review procedures before being finalized. The new regulations are expected to promote the gradual expansion of tokenization from non-standardized securities such as investment contract securities and income-bearing securities to standardized securities including stocks and bonds, while further improving investor protection and market infrastructure development. (EToday)
Odaily报道, “BTC OG insider whale” Garrett Jin has released his “Weekly Market Strategy Signal.” In his analysis, he points out that the current geopolitical situation and the trajectory of the US dollar are deadlocked: despite US strikes on Iranian-related targets, tensions in the Strait of Hormuz remain unresolved. Although US Secretary of State Rubio signaled “positive news,” the peace agreement proposed by Iran has already been vetoed by the White House.Long-term US Treasury yields continue to hover in the 5.07% – 5.18% range, reaching their highest levels in 19 years. The S&P 500 index briefly hit a new high before quickly pulling back. Garrett Jin believes that a single positive or negative catalyst is insufficient to change the market landscape. Only when at least two of the three key factors—the credit environment, Federal Reserve policy, and geopolitical conditions—converge can the market experience a substantial shift.On another front, capital expenditure in the AI sector is accelerating its shift from the United States to Asia. ByteDance plans to increase its capital expenditure to as high as $70 billion this year, while Tencent and Alibaba are also ramping up their investments. Competition in the AI arena has now escalated to the level of national competition.