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In May, the AI industry's tsunami may revive the market for AI concept altcoins.
At the BitcoinAsia conference in May, Merlin Chain founder Jeff delivered a speech titled "From Bitcoin L1 to Merlin Chain's Native Innovation," delving into how Merlin Chain's native innovation empowers the Bitcoin ecosystem. He reviewed the evolution of the Bitcoin ecosystem and explored how Merlin Chain's native innovation will drive the development of the Bitcoin ecosystem.
DeFi, infrastructure, and tools are the primary focus of the primary market, with many being small-scale financings.
The Bitcoin Asia conference recently brought thousands of Bitcoin fans to Hong Kong, where spot Bitcoin ETFs were recently approved. According to a report from the South China Morning Post, Hong Kong’s warmth towards crypto had some conference attendees eyeing the mainland, where crypto has been banned since 2021.
- 16:40U.S. December New York Fed 1-Year Inflation Expectations 3%, Previous 2.97%According to market news, the U.S. December New York Fed 1-year inflation is expected to be 3%, the previous value of 2.97%. U.S. December 3-year inflation expectation of 3%, the previous value of 2.6%. U.S. December 5-year inflation is expected to be 2.7%, the previous value of 2.9%.
- 16:39Investment firm Capital Group has become one of Metaplanet's largest shareholdersGold Finance reports that Capital Group, a Los Angeles-based investment firm with more than $2.3 trillion in assets under management, has become one of the largest shareholders in Metaplanet. Metaplanet, which is based in Japan, has been in the spotlight over the last year for building a Bitcoin (BTC) reserve modeled after Michael Saylor's MicroStrategy strategy. Metaplanet currently holds 1,762 Bitcoins, making it the fifteenth largest publicly traded company in the world to hold Bitcoin.
- 16:39OPINION: Many AI coins will go to zero in the future, but some protocols will become cornerstones of the on-chain economyGold Finance reports that crypto KOL Ansem said on social media that “there have been many unlimited APR farms that ended up going to zero, and there will be many AI coins that will experience the same fate in the future, but there are some protocols that will become the cornerstone of the on-chain economy in the next year, just like Aave, Uniswap, and Chainlink did a few years ago did.”