1. David Friedberg stated: Google's #googleai quantum chip has changed everything
If Google creates a large quantum bit computer and runs quantum algorithms, it is theoretically only a few years away from a computer capable of breaking all encryption standards, and in the coming years, all computing and software will need to transition to post-quantum encryption.
2. The gap in borrowing costs between China and the U.S. for #10-year treasuries has reached its largest level in over 13 years (Figure 1).
3. In the global market, commodities heavily reliant on Chinese demand, such as iron ore and copper, have also seen a decline. After the Chinese authorities announced further easing of monetary policy, the benchmark yield on government bonds fell to a historic low.
4. Central banks around the world are cutting interest rates, as if a global economic recession has already arrived. The Bank of Canada cut rates by 0.50% on Wednesday for the second consecutive time, while the European Central Bank and the Swiss National Bank cut rates by 0.25% and 0.50% respectively on Thursday. The Federal Reserve is set to cut rates by 0.25% on Wednesday.
5. The current total market value of cryptocurrencies #Crypto🚀🚀 is $3.77T, close to its fair value of $4.08T. The estimated peak at the top of the 2025 bull market cycle is at least +2SD, with valuations reaching $10.8T (assuming the peak occurs around November 2025), still leaving significant room for growth.
From historical data, the total market value of cryptocurrencies peaks 1-2 months after Bitcoin #BTC☀️ reaches the cycle peak, indicating the start of a bear market (Figure 2).
6. Is cryptocurrency freedom under attack? A Massachusetts man faces 20 years in prison after exchanging $25,000 in cash for $BTC related to counterfeit goods, with the FBI stating he operated without a license and did not conduct KYC, fueling crime.
7. The main driving factor for cryptocurrencies is currently the United States, as it holds 60% of global stocks. If we want to analyze future trends, we can pay more attention to China (Figure 3).
8. BASE has become the leading Ethereum scaling network, with a TVL exceeding $4 billion. This is the first network to reach this level since the 2022 #Polygon PoS. #Base now surpasses #arbitrum $ARB in terms of TVL, DEX trading volume, daily transaction volume, and active addresses, and it also dominates stablecoin activity (Figure 4).
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