Glassnode: BTC sellers cut losses after the asset fell below $80,000, potentially forming a local low.

According to data from the BIT Stock Platform, major U.S. stock indexes edged higher during intraday trading: the Dow Jones Industrial Average rose approximately 1%, while the S&P 500 and Nasdaq Composite gained nearly 0.6%. Leading optical communications firm Lumentum (LITE) fell over 10%, and Ciena (CIEN) dropped nearly 3.9%. The Neocloud sector was broadly weak, with stocks including Astera Labs (ALAB) down nearly 4.9%, Cipher Mining (CIFR) nearly 4.7%, AST SpaceMobile (ASTS) over 4.5%, CoreWeave (CRWV) nearly 4%, and Nebius (NBIS) over 3%. In the semiconductor space, Marvell (MRVL) fell over 6%. The storage sector saw Seagate (STX) drop nearly 4.6%. SpaceX (SPCX) rose nearly 3.7%, and the VIX index fell nearly 3.7% to around 18.7.

Elon Musk posted on social media that the vast majority of future superintelligent computing power will obviously be deployed in space. By "the vast majority", he means the proportion will round directly to 100%.

According to reports from the Abu Dhabi Media Office and CNBC, OpenAI CEO Sam Altman met with Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, and witnessed the signing of multiple cooperation agreements with Abu Dhabi spanning sectors including energy, investment, and government. In the energy field, Abu Dhabi National Oil Company (ADNOC), G42’s Inception42, and OpenAI have struck a deal to deploy OpenAI’s cutting-edge models in ADNOC’s operations, making it the first energy company to adopt such technology. The capabilities are built on GPT models and use inference infrastructure based in the United Arab Emirates. For investment, sovereign investment firm Mubadala, Inception42, and OpenAI agreed to apply advanced AI to investment analysis, opportunity identification, and risk assessment. On the government front, the Abu Dhabi government and OpenAI launched the "Machine-Readable Government" initiative, which will convert some policies and regulations into machine-readable formats to support routine assessments such as licensing and compliance, with final decisions remaining with government officials. Separately, per the official statement, Inception42 and OpenAI also signed a five-year agreement to advance the deployment of cutting-edge AI across UAE government, corporate, and education sectors. CNBC noted that OpenAI is seeking to raise up to around $20 billion in a new funding round, led by a consortium of UAE investors.

According to an announcement from TradeXYZ (@tradexyz), its GitBook documentation experienced unauthorized activity this morning. The documents were fully restored to their previous state at 9:15 AM ET. As a precaution, users are advised not to click any links within the documentation during the investigation. TradeXYZ stated that it is actively reviewing the incident and will provide further updates in due course.

According to Coindesk, Standard Chartered has launched tokenized deposits in Hong Kong, becoming the first market in its global network to enable 24/7 real-time interbank settlement using central bank currency for corporate clients. Early partners include China AMC, Fireblocks, and HashKey.

Tom Lee said in an interview with CNBC: "I believe we have already hit the bottom. Many hedge fund managers tell me the famous adage: 'Catching a falling knife is dangerous, because you never know how much more it will drop.' But I think we have indeed hit the bottom, for two reasons. First, the AI market remains very tight—it is not a market with overcapacity. We see constraints such as political resistance that have prevented more capital expenditure, which has indeed slowed growth, but has not formed a peak. The second signal, in my view, is crypto thefts. The $6.3 billion loss from the Binance hack barely caused a drop in crypto prices. If crypto were a leading indicator of risk appetite, you would have seen investors being washed out to some extent, but this incident barely hurt crypto prices."