Author: 行政

AI has hit an electricity problem. Running it takes staggering amounts of power; demand in the US is climbing faster than the grid can keep up, and that’s handing enormous leverage to the companies that generate and deliver it.On June 2, the Electric Reliability Council of Texas voted to overhaul how it admits large power users to the grid, wading through a backlog of data centers, crypto mines, and industrial sites all reaching for the same megawatts.That same week, lawmakers in Albany, New York, were racing to pass a one-year moratorium on new large-scale data centers, which could make the…

The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum just weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year.Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, citing a shrinking Senate calendar and little visible progress on unresolved fights over ethics and illicit finance.Notably, JPMorgan analysts issued a similar warning this week, saying the legislative window has narrowed as lawmakers move closer to the midterm elections.The downgrade marks a reversal for a bill…

Bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the odds of a Federal Reserve hike by year-end toward 85% and dragged the 10-year Treasury yield up near 4.5%.Understandably, it dominates the screens, given how much of the past two years of price action has hinged on the cost of money.But now, a separate arm of the US government is preparing to tighten financial conditions through a channel that comes with no press conference and needs no policy vote.The US Treasury intends to…

Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators.The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK without authorization.In a May 21 notice, the financial regulator stated: “You should avoid dealing with this firm and beware of scams.”The regulator listed the Hyper Foundation website, the Hyperliquid trading app, and the project’s social media channels under its unauthorized firm details.It also warned that users would…

For the better part of two years, Wall Street has treated AI as the most bullish trade on the board, a growth engine that turbocharges earnings, underwrites stretched valuations, and promises a productivity windfall somewhere down the road.However, the Fed has access to the same numbers and seems to be more inclined to treat the AI build-out as a fresh source of demand in a market that’s still fighting to drag inflation back toward its 2% target.Goldman Sachs now expects AI-related capital spending to approach $800 billion in 2026, and it calculates that the surge will lift its full-year business…

The US economy added 172,000 jobs in May, more than double the 80,000 that Wall Street economists had expected, and the unemployment rate held at 4.3%.The Bureau of Labor Statistics (BLS) also revised March and April higher by a combined 93,000 positions, which left the spring looking much stronger than anyone believed a month ago. For the people who landed those jobs, this counts as good news, and the headline number is certainly something a sitting administration enjoys waving around.The trouble starts when you ask what a labor market this strong does to the price of borrowing. A report this…

Crypto exchanges are seeing the weakest retail-driven activity in years, but some of the biggest platforms are finding a lucrative new source of volume in Wall Street-style bets on gold, silver, oil, stocks, and indexes.According to a CryptoQuant report shared with CryptoSlate, the shift is emerging during one of the weakest trading periods for centralized crypto platforms in more than two years.Spot trading volume fell to $679 billion in April, the lowest monthly level since October 2023, as lower prices and fading retail participation reduced market activity.Crypto Exchanges Spot Volume (Source: CryptoQuant)At the same time, some exchanges are seeing growth…

A group of Republican senators is warning US bank regulators that a little-known capital rule could effectively keep banks out of Bitcoin, even as Congress moves to give traditional financial firms a larger role in digital asset markets.In a May 27 letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, FDIC Chair Travis Hill, and Comptroller of the Currency Jonathan Gould, six senators urged the agencies to build a new capital framework for on-balance-sheet digital asset activities.Their target is Basel’s 1,250% risk weight for assets such as Bitcoin, which they argue functions as a de facto ban on banks…

Charles Hoskinson raised the possibility of splitting Cardano after the collapse of one of its best-known ecosystem tools exposed a deeper fight over money, governance, and who has the power to keep builders alive on the network.This week, the Cardano founder floated what he called a “nuclear option,” saying a new Cardano could be launched through proof of burn if the existing ecosystem cannot change how it funds and commercializes projects.The statement came after TapTools, one of Cardano’s most widely used analytics and infrastructure platforms, said it would begin winding down operations over the next two weeks following leadership departures,…

Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto.The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%.TradingEconomics release-screen data put the gain well above an 85,000 consensus estimate. That gap was large enough to push the first market interpretation toward higher Treasury yields, a stronger dollar, and pressure on assets that benefit from cheaper money.Economic calendar showing May US jobs data, including nonfarm payrolls, unemployment rate,…