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Trump loudly claims that Powell has the ability to boost US economic growth by 15% and once again attacks Powell

2 hours ago

Feb. 10 Former President Trump said his Fed chair nominee Kevin Wash could push the U.S. economy to grow as much as 15%—a claim widely viewed as overly optimistic by the public, underscoring that Wash would face heavy political and policy pressure if confirmed. In a Fox Business Network interview, Trump noted Wash was his "second choice" for the role, bluntly calling Jerome Powell’s past appointment "a big mistake." He added that if Wash "performs up to his potential," the U.S. economy could hit 15% growth—or more. Trump did not specify which metric the growth target refers to, however. For context: The U.S. economy is projected to grow ~2.4% this year, with a 50-year average annual growth rate of ~2.8%. U.S. GDP growth has rarely topped 15% historically. Trump has repeatedly said he wants the Fed chair to pursue more accommodative monetary policy, and stressed he wouldn’t have picked Wash if he backed rate hikes. The comments are also viewed as an effort by Trump to signal monetary policy-driven economic stimulus ahead of the midterms. Additionally, Trump’s comments suggest he’s unconcerned about inflation risks. Analysts note that growth near 15% typically comes with a sharp jump in inflation—and U.S. inflation is still high now.
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Vitalik Revisits Ethereum and AI: Opposes "Indiscriminate Acceleration," Advocates for Decentralization and Privacy Shaping the Future of AI

**February 10th** Ethereum co-founder Vitalik Buterin published an article this morning updating his framework for thinking about the intersection of Ethereum and artificial intelligence (AI). He emphasized that artificial general intelligence (AGI) should not be pursued via "blanket acceleration"—instead, the values of crypto and AI must be deeply integrated to build an AI future that advances human freedom, security, and decentralized cooperation. Buterin pushed back against the misconception that AI is a competition where "whoever achieves AGI first dominates." He argued that both Ethereum’s evolution and humanity’s approach to AGI hinge on choosing the right direction, not blindly speeding up technological progress. Core goals include: - Preventing AI from marginalizing humans or entrenching permanent disempowerment through unavoidable power structures; - Mitigating systemic risks from out-of-control AI or imbalanced offense-defense dynamics. ### Medium-Term Priority Di

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Nearly $2 Billion Daily Profit? Japanese Stocks Soar, Buffett Benefits Again

Monday, February 10 The Nikkei 225 index surged more than 2,000 points on Monday, hitting the 56,000-point mark for the first time ever—pushing the value of Berkshire Hathaway’s Japanese assets (its stakes in five major trading houses) above $41 billion. Since 2019, Warren Buffett—who stepped down as Berkshire’s CEO—has placed a series of large bets on Japanese stocks. Monday’s sharp Tokyo rally lifted shares of those related firms, delivering a nearly $2 billion unrealized gain in one day. Per Berkshire Hathaway’s financial filings, the investment cost was approximately $13.8 billion, meaning the holding has nearly doubled in value.

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Goldman Sachs Warning: Hedge Funds Record Short on US Stocks, AI Impact Concerns Trigger Market Volatility

On February 10, Goldman Sachs warned that hedge funds are ramping up short positions on U.S. stocks amid growing concerns that artificial intelligence (AI) could disrupt traditional business models. Data shows nominal short interest in individual U.S. stocks hit a new 2016 high last week. Goldman’s prime brokerage team noted in a client report that hedge funds’ short trade volume was roughly 2:1 relative to long trades between Jan. 30 and Feb. 5. Overall, hedge funds have been net sellers of U.S. stocks for four straight weeks, with outflows hitting their highest level since early April 2023. Market volatility is closely tied to AI’s rapid advancement. Reports note a concentrated sell-off was triggered after Anthropic rolled out a new tool automating tasks across multiple industries. In total, 164 stocks across sectors including software, financial services and asset management lost roughly $611 billion in market value last week. While U.S. stocks rebounded on dip buying Fr

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Cryptocurrency Fear and Greed Index Drops to 9 as Market Cools Off

As of February 10, alternative data shows the cryptocurrency Fear & Greed Index has dropped to 9—down from 14 yesterday. The weekly average stands at 17, indicating the market remains in the "extreme fear" zone. Note: The index ranges from 0 to 100 and includes these metrics: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), Google Trends (10%).

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The Federal Reserve is planning to launch a "Basic Ledger" later this year, advancing limited access amid stalled crypto legislation

On February 10, Federal Reserve Governor Christopher Waller announced plans to launch a "limited-purpose account" by the end of this year. With broader crypto market regulation legislation stalled at the congressional level, the Fed will move forward with limited payment system access arrangements. Waller noted that a traditional Federal Reserve master account gives institutions direct access to the Fed’s payment system and the U.S. monetary system, while a "limited-purpose account" will come with significant restrictions—including no interest on balances and no access to discount window loans. The Fed previously sought public input on the plan, which exposed divisions between the crypto industry and community banks: the dispute centers on whether non-traditional financial institutions should be allowed to access certain functions of the U.S. payment system. Waller said the Fed still needs to "work through" relevant details but hopes to roll out the account this year if condition

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Bitmine increases its Ethereum holdings by 40,000 coins today, worth approximately $83.38 million

On February 10th, EmberCN data shows Bitmine added 40,000 ETH (valued at ~$83.38 million) to its holdings 6 hours prior. This week’s single-day buying volume has already matched the total from last week’s entire 7-day period.

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