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More →Jensen Huang: AI market turmoil will eventually pass, and investors should focus on long-term value.
According to news from Bijie, NVIDIA CEO Jensen Huang said at an event in Berlin that the current turbulence in the AI market will eventually pass, because AI will bring about transformation and have a positive impact on every industry and country. He emphasized that the development of AI will continue to advance, and that we are still in the early stages of this process. Huang pointed out that although market news has repeatedly shifted recently, this will not change the industry's fundamentals, and large-scale hardware investment will ultimately generate returns and ease market unease. Despite the recent sell-off in AI chip and infrastructure stocks, and investor concerns that rising borrowing costs may affect AI investment spending, Huang remains optimistic about the AI market and its impact on the overall economy. He advised investors to focus on first principles and fundamentals, and to maintain attention on long-term value.
Gold, silver, and other precious metals fell in late trading on Friday.
Bitcoin World News, Friday (October 16) late New York trading, spot gold fell 0.19% to $4,163.54 per ounce, down 0.69% for the week. COMEX gold futures fell 0.68% for the week to $4,187.60 per ounce. Spot silver fell 0.72% to $56.9925 per ounce, down 6.30% for the week. COMEX silver futures fell 6.45% for the week to $57.105 per ounce. COMEX copper futures fell 1.94% for the week to $6.5625 per pound. Spot platinum rose 0.22% to $1,634.39 per ounce, down 3.40% for the week. Spot palladium fell 1.36% to $1,116.44 per ounce, down 3.34% for the week. The Philadelphia Gold and Silver Index, traded during U.S. stock market hours, fell 2.65% for the week to 356.98 points, showing an overall V-shaped trend. The State Street Metals and Mining ETF closed down 0.41% at $100.92, down 5.11% for the week.
Cobo Wallet will shut down on December 1, and users need to withdraw their assets before then.
According to news from Bijie, Cobo has announced that its consumer wallet application will be shut down on December 1, 2026. Users need to withdraw their assets before then, otherwise they will face an account management fee of at least $100 per month. According to Cobo's notice, users must complete the transfer of assets before November 30, and the shutdown time is midnight on December 1 at UTC+8. Cobo also requires users to replace or delete the Cobo wallet receiving addresses saved on platforms such as exchanges and mining pools to prevent funds from being mistakenly sent to old addresses. This shutdown only applies to the consumer wallet application. Cobo stopped accepting new registrations starting in 2021 and has mainly focused on institutional wallet services.
BTC DVOL指数报38.17点
CoinWorld data: The latest reading of the BTC DVOL index is 38.17 points.
Google partner Novacore Labs completes asset acquisition with AIBOTICS
Crypto news: Google partner Novacore Labs and AIBOTICS complete asset acquisition to expand AI, drone, mapping, and automation platforms in Jamaica.
Stablecoin remittances cost 84% less than traditional transfers.
Bjie.com data: According to Cointelegraph, stablecoin-funded remittances cost about 84% less than traditional transfers, with a median fee of $2 for sending $200, compared to $12.72 for traditional transfers.
Wall Street anxiety intensifies as AI recession and $110 oil price shock intertwine
According to CoinWorld news, Bloomberg reported that Wall Street has been betting on astonishing AI growth this year while worrying about stubborn inflation. This week, investors once again felt the impact of both risks: a deep downturn in the AI sector spilled over into its debt financing, while oil prices reached $110 per barrel, threatening efforts to keep inflation under control.
Grayscale: Solana processes 1,400 transactions per second, leading other blockchains.
According to CoinWorld news, Grayscale stated that Solana ($SOL) averages 1,400 transactions per second, while other blockchain networks average only 40, and its lead is expected to widen further. Next week's consensus upgrade is expected to reduce transaction finality time to just 150 milliseconds.
Jensen Huang: AI will bring transformation, and market turbulence will eventually pass.
According to news from Bijie, Nvidia CEO Jensen Huang said at an event in Berlin that the current turbulence in the AI market will eventually pass, because AI will bring transformation and have a positive impact on every industry and country. He pointed out that the development of AI will continue to advance, and it is still in the early stages of this process. Although recent market news has repeatedly changed, this will not change the fundamentals of the industry. He is optimistic about the returns on large-scale hardware investment and believes this will ease market unease. Huang also mentioned that investors should focus on first principles and fundamentals, and maintain attention to long-term value.
Over the past 4 hours, the share of active buy trades in SOL contracts was 51.58%.
CoinWorld data: For the SOLUSDT perpetual contract over the most recent 4 complete hours, active buy trades accounted for 51.58% and active sell trades for 48.42%, with active buying prevailing. Compared with the same-methodology snapshot 24 hours earlier, this rose by 3.1405 percentage points; compared with the same-methodology snapshot 7 days earlier, it rose by 4.0716 percentage points.