Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

AI data center firm Hyperscale Data, Inc. (NASDAQ: GPUS) announced it has sold 100 Bitcoin to fund the construction of its artificial intelligence data center in Michigan. CEO William Horne stated the move is "a conversion of one balance sheet asset to another", emphasizing the company’s stance on Bitcoin remains unchanged.

According to market data from BIT (bit.com), SK Hynix’s contract price surged nearly 3% in a short period following news that SK Group’s chairman had bought SK Hynix stock for the first time, now quoted at $950. Earlier reports revealed that SK Group Chairman Choi Tae-won purchased 3,620 shares of SK Hynix, his first direct acquisition of the company’s stock, lifting his holdings from zero to 3,620 shares. Valued at today’s closing price of $920 per SK Hynix share, the holding is worth roughly $3.33 million.

CZ stated in a post that he did not communicate with the Giggle Academy team about the recent sale of donated tokens, nor does he personally manage the relevant addresses. However, Giggle Academy typically converts or sells most of the donated tokens it receives into BNB at the end of each month. Without a prior agreement or contract, when sending or donating tokens to another party’s address, senders should not expect recipients to handle the tokens according to their wishes—for example, burning them. If you want to interact with another party by sending tokens, you should also be prepared for the possibility that the recipient will sell the tokens. Since the tokens are labeled as donations, recipients should be allowed to use them; one cannot later claim they originally expected the tokens to be burned. Tokens donated to Giggle Academy will be sold, with the proceeds used to provide free education for children worldwide. The project has benefited over 1 million children in less than two years. CZ added that he supports all meme coins and may buy or sell one or two meme coins in the coming weeks to test new initiatives.

Today, the European Union launched a tender to build up to seven artificial intelligence (AI) super factories across Europe, a key initiative in the bloc’s latest drive to advance European technological autonomy and realize its “AI continent” ambition. Led by industry, the plan is backed by up to €100 billion in funding from the EU and its member states, and is projected to unlock at least €200 billion in private investment across the bloc. The initiative will expand Europe’s AI computing capacity, providing infrastructure for training, inference, and fine-tuning of cutting-edge AI models for startups, growth-stage enterprises, small and medium-sized enterprises (SMEs), industrial players, academic institutions, and public sector bodies. The AI super factories will integrate advanced AI processors, software and cloud technology stacks, high-speed connectivity networks, and energy-efficient data centers. The plan will be combined with Europe’s existing network of 19 AI factories, further strengthening the bloc’s technological leadership, resilience, and strategic autonomy. (Jinshi)

According to Newsis reports, SK Group Chairman Choi Tae-won purchased 3,600 shares of SK Hynix. Data from Bitget shows that at today's closing price of SK Hynix, which is $920, the total value of the shares amounts to approximately $3.31 million.

According to Deribit data, crypto options with a notional value of $10.3 billion will expire and settle tomorrow, with details as follows: · BTC options have a notional value of $9.5 billion, a put/call ratio of 0.28, and a max pain point of $64,000; · ETH options carry a notional value of $819 million, a put/call ratio of 0.59, and a max pain point of $1,800.