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first_img Real Vision founder: The weakening of the US dollar may open the green light for cryptocurrency, as funds are flowing back from AI

Raoul Pal, founder of Real Vision, stated in the Cointelegraph podcast Trade Secrets that a weakening dollar could signal a green light for the crypto market, driving the industry's upward momentum.He pointed out that rising bond yields and a strong dollar are restricting the free flow of liquidity, and if the dollar can decline, crypto will receive further upward signals. He also mentioned that he would not be overly optimistic and has not given a comprehensive bullish signal for all assets.Pal believes that when AI trading pauses, funds will rotate into the crypto market. He noted that Bitcoin rose about 25% to $80,000 from August 19 to 25, while AI leader stock Nvidia fell for seven consecutive trading days. His preferred scenario is a weakening dollar, a steepening yield curve, and banks expanding the money supply by increasing lending; if these conditions do not occur, the suboptimal scenario is that AI stocks consolidate, allowing funds to rotate into crypto. He also warned that a burst AI bubble would mean liquidity is withdrawn, which would be detrimental to crypto.Regarding AI agents, Pal believes their economic activities will flow more towards smart contract platforms like Ethereum and Solana, rather than Bitcoin. AI agents can pay for network content using stablecoins, with Amazon Web Services launching related features in June, and Coinbase handling payment verification and settlement through the x402 protocol. On the claim that Solana could surpass Ethereum in market capitalization, Pal takes a cautious stance, stating that Ethereum has a higher capital concentration, while Solana's core activities are speculative and of smaller individual scale.

first_img Oracle's American cloud infrastructure division laid off 546 people

According to Business Insider, Oracle launched its second round of layoffs this year last week. A leaked document shows that 546 employees from its U.S. cloud infrastructure organization were laid off, accounting for about 7.6% of the listed 7,185 employees. The most affected positions include managers, engineers, software developers, and employees in the data center maintenance and service departments. The document states that the information was provided to comply with federal age discrimination laws. Oracle did not disclose the total number of layoffs last week and did not respond to requests for comment.Oracle previously revealed that it expects to reduce its workforce by 21,000 employees, a decrease of 13%, by May 31, 2026, with the total number of employees before the recent layoffs being 141,000. The cloud infrastructure department's revenue grew by 121% year-over-year in the most recent quarter. The document indicates that 57 software developer III positions were cut, with software development-related positions accounting for about 17% of the layoffs; the data center support services department laid off 41 people, including the department's vice president and two senior directors.A total of 128 positions containing the word "manager" were eliminated, accounting for about 23% of the layoffs, with project managers totaling 61 people. Most affected employees are over 40 years old, with about 16% being 60 years or older. Oracle is increasing its investment in AI data centers, expecting related expenditures to be between $90 billion and $95 billion this year.
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