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Cardano’s price is stuck in a three-way battle as whales sell, retail holders stay bullish, and shorts bet on a breakdown. Here’s what could decide ADA’s fate.
The SEC's Crypto Task Force is set to meet small entrepreneurs across the US to shape crypto policy, while a new AI-focused team is being developed to optimize SEC operations.
Share link:In this post: Chinese tech companies have increased their efforts in AI-generated video tools, positioning them as major players in the field, which is still in its early stages. Kling AI, developed by Kuaishou, a short video platform, converts text or still images into video content. Wei Xiong, an internet analyst at UBS Securities, believes AI video generation has the potential to reshape the content industry.
Share link:In this post: The EU competition chief vows to close flat on talent-only “acquihires.” National regulators have been urged to flag below-threshold deals for EU review. Big Tech’s AI talent raids draw scrutiny amid fears of stifled innovation.
Share link:In this post: OpenAI secured $8.3B ahead of schedule in a funding round that was five times oversubscribed. The company has increased its revenue and active users, but still has a higher than expected cash burn rate. OpenAI has grown its business customers, and the inclusion of Blackstone and TPG may increase business adoption of multiple AI models.
Share link:In this post: The U.S. added just 73,000 jobs in July, far below expectations. Unemployment rose to 4.2%, matching forecasts but signaling weakness. Traders now see a 75% chance of a September rate cut after the report
Share link:In this post: Intel announced the retirement of three top executives in tech development roles. CEO Lip-Bu Tan has signaled tighter investment tied to customer demand. Analysts say job cuts and structural shifts reflect pressure in AI and chip markets.
- 05:29HSBC: Raises S&P 500 Year-End Target to 6,500 PointsJinse Finance reported that HSBC has released a report stating that, following an adjustment in early August, it has once again raised its year-end target for the S&P 500 Index from 6,400 points to 6,500 points, marking the second upward revision in less than a month. The main reason is that second-quarter corporate earnings exceeded expectations. HSBC noted that the momentum of corporate performance in the second quarter was strong, especially for technology and financial stocks. Companies indicated that the impact of tariffs was moderate. In addition, HSBC expects the Federal Reserve to cut interest rates in September, forecasting a total rate cut of 0.75 percentage points by 2026, while the market generally expects a cumulative cut of more than 1.25 percentage points. HSBC also raised its forecast for this year's S&P 500 earnings per share growth from 9% to 12%, while the market average is expected to rise by 11%. In response to the upward revision of the earnings per share growth forecast, the year-end target for the S&P 500 Index was raised, with the most bullish scenario remaining at 7,000 points and the most bearish at 5,700 points. (Golden Ten Data)
- 05:18A newly created wallet received 15,000 ETH from FalconX, worth approximately $66.11 million.According to Jinse Finance, Onchain Lens monitoring shows that another newly created wallet has received 15,000 ETH from FalconX, worth approximately $66.11 million. So far, a total of four newly created wallets have withdrawn 80,662 ETH, with a total value of about $352.85 million.
- 05:18QCP Group announces acquisition of full license from Abu Dhabi Global MarketChainCatcher news, according to official sources, QCP Group announced that it has obtained a full Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the international financial center ADGM in Abu Dhabi, UAE. This license enables QCP to provide comprehensive regulated digital asset services from its strategic base in Abu Dhabi, including spot and derivatives trading, market making, and customized structured solutions for institutional and professional clients.