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SpringX Announces 10 Selected Projects for SpringX Move Accelerator
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IBM launches "lightweight engine" to provide generative AI services to the fintech industry. On August 11, IBM recently launched a brand-new "lightweight engine" called WatsonX.ai service, primarily targeting enterprise customers. This lightweight engine is seen as a potential breakthrough for the adoption of generative AI by small and medium-sized enterprises in emerging industries such as fintech. Unlike the similar cloud-based services provided by companies like Microsoft and Google, IBM's solution supports on-premises deployment, better meeting the financial industry's requirements for data security and compliance. Recently, JPMorgan Chase has purchased enterprise-level access to Chat GPT, providing service to all 60,000 of its employees. IBM executives stated that as enterprises need to deploy generative AI applications internally, they are seeking a platform that is more resource-efficient and lightweight. IBM's "lightweight engine" is designed for this purpose, helping software developers and enterprise developers effectively deploy and run generative AI solutions while optimizing costs. $BTC $ETH $BNB
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The Federal Reserve Governor Bowman: Remain cautious about rate cuts. According to the news from Mars Finance, Federal Reserve Governor Bowman stated that there are upside risks to inflation, and the labor market remains strong, indicating that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June is welcome, but inflation is still above the committee's 2% target, which is concerning, and I will remain cautious when considering adjusting the current policy stance. She also stated that U.S. fiscal policy, immigration pressures on the real estate market, and geopolitical risks could put upward pressure on house prices, and the recent jump in the unemployment rate to 4.3% may have exaggerated the extent of the cooling in the labor market. $BTC $ETH $BNB
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The Federal Reserve Governor Bowman: The cooling of the labor market has been exaggerated, and I remain cautious about rate cuts. On August 11, Federal Reserve Governor Bowman stated that inflation remains "uncomfortably" above the target level. There are upside risks to inflation, and the labor market remains strong, indicating that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June is welcome, but inflation is still above the committee's 2% target, which is concerning, and I will remain cautious when considering adjusting the current policy stance. She also stated that U.S. fiscal policy, immigration pressures on the real estate market, and geopolitical risks could put upward pressure on house prices, and the recent jump in the unemployment rate to 4.3% may have exaggerated the extent of the cooling in the labor market. $BTC $ETH $BNB
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A large long-term ETH/BTC exchange rate whale has started to reduce their positions. According to Yujin's monitoring, the long-term ETH/BTC exchange rate trader James Fickel has started to reduce his position. In the past 5 hours, he has sold 10,000 ETH and exchanged them for 425.75 WBTC to repay his loans, in order to reduce his long ETH/BTC exchange rate position. From January to July this year, he has been continuously borrowing WBTC from Aave and then selling them to buy ETH to take a long position on the ETH/BTC exchange rate, with a cost basis of around 0.054. After partially reducing his position today, his long ETH/BTC exchange rate position is still very large: he still has 2438.5 WBTC (worth about $148 million) in loans. $BTC $ETH $BNB
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A large long-term ETH/BTC exchange rate whale has started to reduce their positions. According to Ember Monitor, ETH/BTC exchange rate long James Fickel has begun to reduce his position. In the past 5 hours, he has sold 10,000 ETH and exchanged them for 425.75 WBTC to repay his loans, in order to reduce his long ETH/BTC exchange rate position. From January to July this year, he has continuously borrowed WBTC from Aave and then sold it for ETH to take a long position on the ETH/BTC exchange rate, with a cost basis of around 0.054. After partially reducing his position today, his long ETH/BTC exchange rate position is still very large: he still has 2438.5 WBTC (worth approximately $148 million) in loans. $BTC $ETH $BNB
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Latest News
IBM Launches WatsonX.ai Service for Enterprise Clients
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Bitcoin(BTC) Drops Below 61,000 USDT with a Narrowed 0.63% Increase in 24 Hours
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Fed Governor Bowman Expresses Concerns Over High Inflation
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Whale Reduces ETH/BTC Position Amid Market Volatility
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