71_btc

Here's a hot take:
1⃣️ Most of the companies entering the AI computing industry at scale have never mined Bitcoin;
2⃣️ They don't know that a GPU can rise tenfold or a hundredfold, and when demand softens even slightly, older cards' performance per watt can take a hit, and their prices can also fall tenfold;
3⃣️ AI hardware has peaked, and AI demand without real performance and profits will gradually be cleared out;
4⃣️ The bubble-bursting cycle will be extremely painful, and competition will be utterly cutthroat;
#ai #AI #ai硬件 #btc #比特币 # mining

“U.S. Treasuries and AI: Which Capital Game Will Crack First”
U.S. Treasuries and AI are competing for the same pool of long-term capital, and their vulnerabilities are deeply intertwined. The central contradiction is that AI’s financing needs are pushing up Treasury yields, while rising Treasury yields are in turn undermining AI’s ability to raise funds.
📉 The “slow-burning pressure” on U.S. Treasuries
U.S. Treasuries face a structural, chronic oversupply. U.S. federal debt has surpassed $40 trillion, and the Treasury continues to expand long-term debt issuance, while demand from traditional

U.S. 30-year Treasury yield rises above 5.34% intraday, the highest since June 2007📈
The U.S. Treasury secretary stepping up buybacks to rescue Treasuries is the right move✅
But simultaneously rescuing the yen exchange rate is a serious mistake❌
1⃣️Japan has no place in future industries, and the long-term trend of yen depreciation is irreversible
2⃣️Yen rate hikes can no longer be stopped; exiting basis trades is inevitable
Trying to rescue both at the same time will save neither; the market has voted with its feet
#美债 # yen

Tech stocks became #1 by market cap—this is better than liquor stocks becoming #1 by market cap💪
ChangXin Technology started trading at 49.5 yuan per share, becoming the company with the highest market cap on China’s A-shares🥇
Its market share is more than 7%; compared with Micron’s 21%, it’s about one-third of Micron’s $1.1 trillion market cap, and there’s already room for domestic substitution
#长鑫 #Micron #存储 #memory #A股