IO has not performed well since it was launched on Binance on June 11 this year. From a high of $6.5 to a low of $1.9, the maximum drop is more than 70%. This is a project very similar to FIL. If Bitcoin represents decentralized computing, Ethereum represents decentralized smart contracts, and FIL represents decentralized smart storage. Then I think IO is the representative of decentralized AI intelligent computing in this bull market. Like FIL, the layout of the IO intelligent network requires a large number of GPU graphics cards as support. It should be noted that the training process of the AI ​​model is extremely inefficient with ordinary GPU graphics cards. However, A100-type AI-specific graphics cards are hoarded in large numbers in the hands of computing power giants, but these super graphics cards with powerful computing power are restricted in large numbers. According to data, the idle rate of these super graphics cards exceeds 80%. Therefore, it has become a problem for IO to effectively connect super AI graphics cards through blockchain, so that super players and ordinary users can participate in this AI feast through blockchain technology in the AI ​​era.

It was inevitable, but today the US court suddenly dismissed the SEC's charges against Binance and CZ. This is a major positive in the industry. Money is more important than life. The US is just for sex. The rules of the capital market game are just an exchange of interests. It has nothing to do with the leeks to make a gesture of coercion and inducement to harvest the top. But we, the spectators, like to hear and enjoy the news, but we treat the tip of the knife as a relative, but we don't know that we are already on the chopping board. This round of Bitcoin's decline is still continuing. The daily level decline that we have been mentioning in our video program recently ended after it was close to MA200, that is, the low point of 58,402 US dollars, but this round of rebound is very weak. Patients have been insisting, and the days ahead are getting harder and harder. According to the guidance of the K-line Journey to the West strategy, the law of switching the direction of the time level, the daily level decline is often followed by a 4-hour level rebound, and the target of the rebound is 63,000 US dollars. But after reaching 62,000 USD, which is near the Sha Seng Yin line of the 4-hour rebound, the market entered a volatile phase. And it gradually weakened, so that we saw the second lowest point of 60,063 USD in the weekend market. This means that the 4-hour rebound of the Journey to the West basically failed. You should know that this round of 4-hour rebound only rebounded to the position of the Sha Seng Yang line. The Sha Seng Yang line represents our life, and our life is full of fluctuations. Therefore, the failure of the Sha Seng Yang line rebound means that the market has reopened a new downward model.