0x_Phephe
@PhePhe_Crypto
Crypto Enthusiasts | Decentralized Visionary | Dog Lover | All in AI | d/acc
Following
Followers
Liked
Shared
See original
Summary of recent US crypto regulation progress
Supervision
• Last week, the House passed a resolution rejecting an accounting rule previously formulated by the SEC regarding the handling of crypto assets by listed companies. The rule formulated by the SEC is very clear about anti-crypto, requiring banks to place their clients’ crypto assets on their own balance sheets when they custody them, making it very difficult for most traditional financial institutions to participate in crypto business.
This resolution is likely to be passed by the Senate today (5/16), but Biden previously announced that he would veto the resolution of Congress, so the result is more symbolic. But if the White House changes its mind in the end, it will most likely be interpreted by the market as a key positive.
• Last week, the House passed a resolution rejecting an accounting rule previously formulated by the SEC regarding the handling of crypto assets by listed companies. The rule formulated by the SEC is very clear about anti-crypto, requiring banks to place their clients’ crypto assets on their own balance sheets when they custody them, making it very difficult for most traditional financial institutions to participate in crypto business.
This resolution is likely to be passed by the Senate today (5/16), but Biden previously announced that he would veto the resolution of Congress, so the result is more symbolic. But if the White House changes its mind in the end, it will most likely be interpreted by the market as a key positive.
Are You Ready for the SocialFi Summer?
As the digital world evolves, so does the landscape of social media. This summer, prepare to dive into the vibrant world of SocialFi, where social networking meets decentralized finance. This innovative blend not only enhances user interaction but also integrates financial capabilities directly within social platforms. Leading the charge is Farcaster, a SocialFi platform known for its robust, user-centric design. But that’s just the beginning. Let's explore four more dynamic SocialFi DApps, incl
See original
#Umich inflation expectations data rose, the market fell.
See original
Magic Square has come up with a very powerful large model, but it uses very little computing power. #NVDIA is expected to fall.
See original
The overall performance of #SolanaMemeCoins will be stronger than the overall market, but we still have to wait for the big market. If you make a wrong prediction and break through, then chase it.
See original
The market is partially affected by the lack of catalysts and the negative headlines of regulation. Crypto itself is still a momentum-driven product. Once it slows down, the negative feedback is likely to be weak. The statements of candidates from both parties in the past two days show that the political nature of crypto has been further strengthened. The subsequent trend may be increasingly affected by changes in the election situation: https://twitter.com/EleanorTerrett/status/1788381446094074308
See original
Unlocking the AI gold mine: Morgan Stanley reveals investment hotspots in the AI field
Morgan Stanley Research released a report titled "Thematic Investing: 15 Ways to Play Artificial Intelligence". The report was written by several equity strategists at Morgan Stanley, who explored the theme of technology diffusion from different angles and regions, especially the widespread application of artificial intelligence (AI).
The report mentioned that as the AI theme continues to expand, more developments are expected to be seen in the rest of 2024 and 2025. Several key sub-topics are also mentioned in the report, including smartphones and edge AI, data centers supporting general AI, and companies adopting AI.
The report mentioned that as the AI theme continues to expand, more developments are expected to be seen in the rest of 2024 and 2025. Several key sub-topics are also mentioned in the report, including smartphones and edge AI, data centers supporting general AI, and companies adopting AI.