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BTC $62,152.20 -0.20%
ETH $1,649.80 -1.05%
BNB $592.38 -0.42%
XRP $1.12 -2.47%
SOL $65.02 -0.92%
TRX $0.3216 -0.37%
DOGE $0.0845 -1.33%
ADA $0.1644 -2.50%
BCH $199.92 -2.93%
LINK $7.81 -1.16%
HYPE $57.32 -5.71%
AAVE $62.51 +0.55%
SUI $0.7552 +0.34%
XLM $0.1893 -5.84%
ZEC $440.71 -5.94%

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The AI and intelligent driving track continues to be active, with Gate NVIDIA (NVDAX) and Tesla (TSLAX) contracts performing first in the world

With the growing demand for AI computing power and the continuous development of the intelligent driving industry, technology leaders such as Nvidia and Tesla continue to attract market attention. According to Gate market data, Nvidia (NVDAX) is currently priced at $205.86; Tesla (TSLAX) is currently priced at $392.22. CoinGlass data shows that the NVDAX contract position on the Gate platform has reached $3.35 million, with a 24-hour trading volume of $4.13 million, both ranking first in the world; the TSLAX contract position on the Gate platform has reached $3.87 million, with a 24-hour trading volume of $2.91 million, also ranking first in the world. Relevant data indicates that AI computing power and intelligent driving-related assets remain an important focus for market funds.In addition, the new public course section of Gate Live will launch its first stock series on June 10 at 16:00 (UTC+8) titled "How to Participate in the US Stock Market with USDT." This public course will share insights on Gate's stock products, coverage of stocks and ETF assets, and core highlights of the products. Leveraging Gate's unified account system, users can achieve one-stop management and allocation of digital assets and global securities assets on the same platform, further enhancing cross-market investment efficiency.

first_img Bloomberg: The growth of the cryptocurrency industry is decoupling from Bitcoin prices, with institutions focusing on long-term infrastructure and practical use cases

According to Bloomberg, Bitcoin fell below $60,000 last week, with a market value evaporating by about $235 billion within seven days, nearly halving from last year's peak. The market value of altcoins has shrunk from a peak of $431 billion in November 2021 to about $170 billion, with less than 1,700 of the tens of millions of tokens created in recent years still having substantial trading activity. However, in stark contrast to the price trends, the most commercially valuable businesses in the crypto industry are accelerating growth.The annual trading volume of stablecoins reached about $390 billion, with total trading volume soaring 72% to $33 trillion by 2025. Over $30 billion in assets have been tokenized, and BlackRock's tokenized money market fund BUIDL has an asset size of $2.4 billion. Visa and Mastercard are expanding stablecoin settlement capabilities, and Nasdaq is collaborating with Kraken to offer tokenized stocks.Bloomberg Intelligence's Mike McGlone stated that the most important technology is stablecoins; when you have stablecoins, you don't need XRP or Bitcoin to store value. We are experiencing a cleansing, and this has only just begun. EMJ Capital founder Eric Jackson pointed out that "the Bitcoin price chart used to be the entire crypto story, but it is no longer."
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