Alex Web3投资备忘

Alex Web3投资备忘

Follow

Posts

Alex Web3投资备忘

🔍 December 18, 2025 Daily Briefing 📊 I. Key Data Fear & Greed Index: 22 (Fear) US BTC Spot ETF: Net inflow yesterday -$22.4 million US ETH Spot ETF: Net inflow yesterday $457 million 📰 II. Important News of the Day 1️⃣ Macroeconomics and Regulation 1) On December 18, the Federal Reserve announced the withdrawal of a restrictive policy statement issued in 2023 that had imposed a strong presumption of opposition on state member banks' participation in the crypto industry. Under the new policy, state member banks holding FDIC deposit insurance remain subject to strict restrictions under Section 24 of the Federal Deposit Insurance Act, but state member banks without deposit insurance can now apply to the Federal Reserve for approval on a case-by-case basis for certain prohibited activities. This means that banks have more regulatory space for new activities related to crypto assets, and is seen as another signal of a continued shift in the US regulatory environment. 2) On December 17th, SEC Commissioner Hester Peirce issued a statement, in conjunction with a newly released set of FAQs from the Department of Trading and Markets, soliciting broad market feedback on issues related to cryptocurrency trading on national securities exchanges and alternative trading systems. Key issues raised included: how to lower the entry barriers for cryptocurrency securities and trading pairs platforms; whether a dedicated Form ATS should be established for cryptocurrency ATSs or existing disclosure requirements should be adjusted; and whether clarification of compliance methods for converting non-dollar assets to US dollars is necessary. This statement was seen by the market as another signal that the SEC is relatively open to reforming the cryptocurrency trading market structure. 3) On December 18th, the market widely expected the Bank of Japan to raise its overnight call rate by 25 basis points to 0.75% at its policy meeting ending this Friday, marking the first rate hike since January and pushing the benchmark interest rate to its highest level since 1995. Analysts believe that a more hawkish signal from the central bank could help stabilize the yen, but could also push up bond yields, putting pressure on the Japanese government as it prepares its budget for the next fiscal year. 2️⃣ Industry News 1) Coinbase announced on Wednesday the launch of a customized stablecoin service, allowing users to create branded stablecoins for their businesses. These stablecoins are custodied by Coinbase and backed by 1:1 collateralized assets. Advantages include: earning rewards based on usage and trading activity, seamless cross-chain interoperability, and access to Coinbase's global distribution network. Additionally, Coinbase announced a series of new products and services, aiming to create a comprehensive trading platform integrating crypto assets, stocks, derivatives, and asset tokenization. 2) On December 18th, the crypto wallet project Phantom announced on social media that its prediction market for Kalshi is now open to eligible users. Users can participate in predictions using Solana ecosystem tokens in their wallets, including the CASH stablecoin. 3) On December 17th, tokenization service provider Securitize announced plans to launch what it claims to be the first fully compliant, fully blockchain-operated real-world listed company stock trading platform in early 2026. This platform will allow investors to directly hold real shares of listed companies issued and registered on-chain and trade them through a blockchain interface. Unlike synthetic stocks that only track stock prices through derivatives or offshore structures, Securitize's model provides full legal ownership; shares are directly issued by the issuing company and recorded in the official shareholder register. 3️⃣ Focused Target Developments/AI-Related Progress 1) On December 17th, Tencent announced a deep restructuring of its AI R&D system, establishing three new departments: AI Infra, AI Data, and Data Computing Platform. The AI Infra department will build self-controllable AI infrastructure; the AI Data department will be responsible for building and evaluating high-quality data for large models; and the Data Computing Platform department will create an intelligent computing platform integrating big data and machine learning. This move signifies that Tencent's AI strategy has officially upgraded from "product-driven" to a systematic approach integrating "infrastructure + engineering + scenario implementation." 2) On December 18th, Gaode Maps officially released its "Smart Wearable Solution" on its open platform. This solution integrates Gaode's full range of travel data and navigation engine, introduces the "Xiao Gao Teacher" AI spatial intelligence agent, and connects services across the entire value chain, including ride-hailing and local life services. Gaode provides differentiated scenario support for different hardware forms, such as voice broadcasting and vibration alerts for smartwatches, and HUD information projection technology for smart glasses. Currently, this solution has been implemented in smartwatches from brands such as Xiaomi and Honor. In addition, Alibaba's Qianwen App officially announced full integration with Gaode Maps, allowing users to directly search for nearby restaurants, entertainment venues, and the most suitable charging stations along the way within the Qianwen App.

Alex Web3投资备忘

2️⃣ Industry News 1) Coinbase announced on Wednesday the launch of a customized stablecoin service, allowing users to create branded stablecoins for their businesses. These stablecoins are custodied by Coinbase and backed by 1:1 collateralized assets. Advantages include: earning rewards based on usage and trading activity, seamless cross-chain interoperability, and access to Coinbase's global distribution network. Additionally, Coinbase announced a series of new products and services, aiming to create a comprehensive trading platform integrating crypto assets, stocks, derivatives, and asset tokenization. 2) On December 18th, the crypto wallet project Phantom announced on social media that its prediction market for Kalshi is now open to eligible users. Users can participate in predictions using Solana ecosystem tokens in their wallets, including the CASH stablecoin. 3) On December 17th, tokenization service provider Securitize announced plans to launch what it claims to be the first fully compliant, fully blockchain-operated real-world listed company stock trading platform in early 2026. This platform will allow investors to directly hold real shares of listed companies issued and registered on-chain and trade them through a blockchain interface. Unlike synthetic stocks that only track stock prices through derivatives or offshore structures, Securitize's model provides full legal ownership; shares are directly issued by the issuing company and recorded in the official shareholder register. 3️⃣ Focused Target Developments/AI-Related Progress 1) On December 17th, Tencent announced a deep restructuring of its AI R&D system, establishing three new departments: AI Infra, AI Data, and Data Computing Platform. The AI Infra department will build self-controllable AI infrastructure; the AI Data department will be responsible for building and evaluating high-quality data for large models; and the Data Computing Platform department will create an intelligent computing platform integrating big data and machine learning. This move signifies that Tencent's AI strategy has officially upgraded from "product-driven" to a systematic approach integrating "infrastructure + engineering + scenario implementation." 2) On December 18th, Gaode Maps officially released its "Smart Wearable Solution" on its open platform. This solution integrates Gaode's full range of travel data and navigation engine, introduces the "Xiao Gao Teacher" AI spatial intelligence agent, and connects services across the entire value chain, including ride-hailing and local life services. Gaode provides differentiated scenario support for different hardware forms, such as voice broadcasting and vibration alerts for smartwatches, and HUD information projection technology for smart glasses. Currently, this solution has been implemented in smartwatches from brands such as Xiaomi and Honor. In addition, Alibaba's Qianwen App officially announced full integration with Gaode Maps, allowing users to directly search for nearby restaurants, entertainment venues, and the most suitable charging stations along the way within the Qianwen App.

Alex Web3投资备忘

🔍 December 12, 2025 Daily Briefing 📊 I. Key Data Fear & Greed Index: 29 (Fear) US BTC Spot ETF: Net inflow yesterday -$77.34 million US ETH Spot ETF: Net inflow yesterday -$42.37 million 📰 II. Important News of the Day 1️⃣ Macroeconomics and Regulation 1) On December 12, US SEC Chairman Paul Atkins stated that the SEC is prioritizing innovation and actively adopting new technologies, transitioning to on-chain operations to bring investors greater predictability, transparency, and efficiency. Additionally, this morning the SEC approved the American Depository Trust & Clearing Corporation (DTCC) to hold and confirm tokenized stocks and RWA assets on-chain. 2) On December 12th, the U.S. Commodity Futures Trading Commission (CFTC) issued no-action letters to Polymarket, PredictIt, Gemini, and LedgerX/MIAX, announcing that under certain conditions, these companies are exempt from certain record-keeping regulatory requirements and may be able to clear contracts through third-party clearing members. 3) According to Bitcoin News, France is pushing forward with Amendment 1649AC, requiring citizens to declare the precise market value of their self-custodied crypto assets, even if no taxable transactions have occurred. Critics warn that this measure constitutes an undue interference in private life and could create a dangerous "information honeypot" containing names, addresses, and specific crypto asset balances. 2️⃣ Industry News 1) On December 12th, Bloomberg reported that sources revealed Coinbase plans to announce two products at its December 17th showcase: a prediction market and tokenized stocks. The tokenized stocks product will be developed internally by the Coinbase team, rather than being launched through a partner. 2) a16z released its annual report, covering stablecoins, tokenization, payments and finance, AI, and agency-related topics in the blockchain and crypto industry. a16z points out that stablecoin trading volume reached $46 trillion in 2024, more than 20 times that of PayPal and nearly 3 times that of Visa. Furthermore, a16z predicts that decentralized payment systems will be widely adopted by 2026. 3) On December 12th, a report from [website name - _2024111120230_] shows that in 2025, the only Bitcoin treasury company to outperform the S&P 500 is The Blockchain Group, headquartered in France, with a year-to-date return of 16% and its stock price surging approximately 164% since January 1st. Among other well-known Bitcoin treasury companies, Strategy's stock price fell 12%, Metaplanet's stock price fell by nearly a third, and Nakamoto, which had raised over $600 million to buy Bitcoin, has seen its market capitalization plummet by over 98%. 3️⃣ Focused Targets/AI-Related Developments 1) On December 11, OpenAI received a $1 billion equity investment from Disney. Furthermore, under a three-year cooperation agreement, Sora will be able to generate user-triggered short social videos for fans to watch and share, featuring over 200 Disney, Marvel, Pixar, and Star Wars characters. Simultaneously, Disney sent a cease and desist letter to Google, accusing the company of copyright infringement in its Gemini output. Disney's cease and desist letter is not legally binding, but such communications serve as a formal warning and can be cited later in potential legal action. 2) On December 12, OpenAI launched GPT-5.2, focusing on expertise work and long-process AI agent design. GPT-5.2 offers three versions: Instant, Thinking, and Pro. Instant is suitable for writing and information retrieval; Thinking excels at deep tasks such as program development and planning; and Pro provides the most accurate answers to complex problems. OpenAI states that the core goal of GPT-5.2 is to make AI more economically valuable in real-world work scenarios.

Alex Web3投资备忘

1️⃣ Macroeconomics and Regulation 1) On December 8th, the Central Bank of Argentina (BCRA) is considering lifting its long-standing ban on traditional financial institutions offering cryptocurrency trading and custody services. If implemented, this would signify a shift in regulatory policy from "explicit prohibition" to "regulated integration." Currently, the BCRA prohibits commercial banks from offering or facilitating cryptocurrency transactions to their clients, and the market is dominated by independent Virtual Asset Service Providers (VASPs) and crypto-native exchanges. However, the President Millais government has consistently maintained a more free-market and generally pro-crypto stance, and is therefore evaluating a series of regulatory reforms. The entry of major Argentine banks into the crypto space would significantly alter the local financial landscape. 2) On December 9th, according to The Block, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), launched a digital asset pilot program that allows the use of certain cryptocurrencies as collateral in the derivatives market. Initially, the pilot program will be limited to Bitcoin, ETH, and USDC as collateral in the derivatives market. 3) On December 9th, according to Cointelegraph, Jonathan Gould, Comptroller of the Currency (OCC), stated that crypto companies seeking federal banking licenses should be treated the same as other financial institutions, and there is absolutely no reason to discriminate against digital assets. It is understood that the OCC has received 14 new bank applications this year, almost equal to the total number of applications in the past four years, but so far only two crypto banks have been granted OCC licenses. 4) According to Crypto In America, the U.S. Securities and Exchange Commission (SEC) has ended its investigation into tokenization company Ondo Finance and has not recommended any charges. The conclusion of the two-year investigation marks another reversal in regulatory action against digital asset companies during the Biden era. Since the pro-crypto SEC chairman Paul Atkins took office, the agency has terminated most crypto-related investigations and dropped several high-profile cases, including those involving Coinbase, Ripple, and Kraken. 2️⃣ Industry News 1) On December 9th, according to Ember Chain analysts, Strategy currently holds 660,624 BTC, with a floating profit of $10.473 billion. Strategy CEO Phong Le stated that the company will hold its Bitcoin until at least 2065, maintaining its long-term accumulation strategy. 2) HASHKEY HLDGS (new listing number: 03887) will be open for subscription from December 9th to 12th, with a planned issuance of 240 million shares, 10% of which will be offered to the public in Hong Kong. The offer price ranges from HK$5.95 to HK$6.95, raising up to HK$1.67 billion. HASHKEY is expected to be listed and traded on December 17th. 3) On December 9th, Jack Mallers, CEO of Bitcoin investment firm Twenty One Capital, tweeted that Twenty One is expected to begin trading on the NYSE today under the ticker symbol XXI. As part of the listing and settlement process, the team will transfer over 43,500 Bitcoins from its escrow account back to its own custody account and will update the corresponding proof of reserves upon completion. 4) According to Cointelegraph, USDT, issued by Tether, has been certified as a "fiat reference token" in the Abu Dhabi Global Market (ADGM). This means that licensed institutions can conduct USDT-related transactions, custody and other services within a regulated framework, further expanding its application in cross-border settlement, institutional custody and payment scenarios. 5) Robinhood announced yesterday that it plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including lower fees and increased leverage for Altcoin futures. The company stated that it has expanded its available fee tiers in the US from three to seven and is offering rates as low as 0.03% for high-volume users. 6) On December 8th, Bloomberg ETF analyst Eric Balchunas posted on social media that BlackRock had submitted its formal prospectus to the U.S. Securities and Exchange Commission (SEC) for the iShares Staked Ethereum Trust ETF, which will become its fourth crypto-related ETF product. Previously, BlackRock had applied for spot Bitcoin, spot Ethereum, and a "Bitcoin Income" ETF. 3️⃣ Trends in companies I'm following/AI-related developments 1) Nvidia: US President Trump announced on social media on the 8th that the US government will allow Nvidia to sell its H200 AI chips to China, but the US will take a 25% cut of the chip exports. He also stated that the US Department of Commerce is finalizing the details of the arrangements, and the same arrangement will apply to other AI chip companies such as AMD and Intel. Following the announcement, Nvidia's stock price rose 1.2% in after-hours trading. 2) Google announced on Monday that it is developing two different categories of AI glasses to compete with Meta's products next year: one equipped with a display screen, and the other focusing on audio functionality. The first AI glasses developed in collaboration will be available sometime in 2026, featuring Gemini's advanced Gemini Big Model, allowing users to take photos, navigate, answer calls, or identify objects in their field of vision without using their hands.

Alex Web3投资备忘

2️⃣ Industry News 1) On December 9th, according to Ember Chain analysts, Strategy currently holds 660,624 BTC, with a floating profit of $10.473 billion. Strategy CEO Phong Le stated that the company will hold its Bitcoin until at least 2065, maintaining its long-term accumulation strategy. 2) HASHKEY HLDGS (new listing number: 03887) will be open for subscription from December 9th to 12th, with a planned issuance of 240 million shares, 10% of which will be offered to the public in Hong Kong. The offer price ranges from HK$5.95 to HK$6.95, raising up to HK$1.67 billion. HASHKEY is expected to be listed and traded on December 17th. 3) On December 9th, Jack Mallers, CEO of Bitcoin investment firm Twenty One Capital, tweeted that Twenty One is expected to begin trading on the NYSE today under the ticker symbol XXI. As part of the listing and settlement process, the team will transfer over 43,500 Bitcoins from its escrow account back to its own custody account and will update the corresponding proof of reserves upon completion. 4) According to Cointelegraph, USDT, issued by Tether, has been certified as a "fiat reference token" in the Abu Dhabi Global Market (ADGM). This means that licensed institutions can conduct USDT-related transactions, custody and other services within a regulated framework, further expanding its application in cross-border settlement, institutional custody and payment scenarios. 5) Robinhood announced yesterday that it plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including lower fees and increased leverage for Altcoin futures. The company stated that it has expanded its available fee tiers in the US from three to seven and is offering rates as low as 0.03% for high-volume users. 6) On December 8th, Bloomberg ETF analyst Eric Balchunas posted on social media that BlackRock had submitted its formal prospectus to the U.S. Securities and Exchange Commission (SEC) for the iShares Staked Ethereum Trust ETF, which will become its fourth crypto-related ETF product. Previously, BlackRock had applied for spot Bitcoin, spot Ethereum, and a "Bitcoin Income" ETF. 3️⃣ Trends in companies I'm following/AI-related developments 1) Nvidia: US President Trump announced on social media on the 8th that the US government will allow Nvidia to sell its H200 AI chips to China, but the US will take a 25% cut of the chip exports. He also stated that the US Department of Commerce is finalizing the details of the arrangements, and the same arrangement will apply to other AI chip companies such as AMD and Intel. Following the announcement, Nvidia's stock price rose 1.2% in after-hours trading. 2) Google announced on Monday that it is developing two different categories of AI glasses to compete with Meta's products next year: one equipped with a display screen, and the other focusing on audio functionality. The first AI glasses developed in collaboration will be available sometime in 2026, featuring Gemini's advanced Gemini Big Model, allowing users to take photos, navigate, answer calls, or identify objects in their field of vision without using their hands. 2️⃣ Industry News 1) On December 9th, according to Ember Chain analysts, Strategy currently holds 660,624 BTC, with a floating profit of $10.473 billion. Strategy CEO Phong Le stated that the company will hold its Bitcoin until at least 2065, maintaining its long-term accumulation strategy. 2) HASHKEY HLDGS (new listing number: 03887) will be open for subscription from December 9th to 12th, with a planned issuance of 240 million shares, 10% of which will be offered to the public in Hong Kong. The offer price ranges from HK$5.95 to HK$6.95, raising up to HK$1.67 billion. HASHKEY is expected to be listed and traded on December 17th. 3) On December 9th, Jack Mallers, CEO of Bitcoin investment firm Twenty One Capital, tweeted that Twenty One is expected to begin trading on the NYSE today under the ticker symbol XXI. As part of the listing and settlement process, the team will transfer over 43,500 Bitcoins from its escrow account back to its own custody account and will update the corresponding proof of reserves upon completion. 4) According to Cointelegraph, USDT, issued by Tether, has been certified as a "fiat reference token" in the Abu Dhabi Global Market (ADGM). This means that licensed institutions can conduct USDT-related transactions, custody and other services within a regulated framework, further expanding its application in cross-border settlement, institutional custody and payment scenarios. 5) Robinhood announced yesterday that it plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including lower fees and increased leverage for Altcoin futures. The company stated that it has expanded its available fee tiers in the US from three to seven and is offering rates as low as 0.03% for high-volume users. 6) On December 8th, Bloomberg ETF analyst Eric Balchunas posted on social media that BlackRock had submitted its formal prospectus to the U.S. Securities and Exchange Commission (SEC) for the iShares Staked Ethereum Trust ETF, which will become its fourth crypto-related ETF product. Previously, BlackRock had applied for spot Bitcoin, spot Ethereum, and a "Bitcoin Income" ETF. 3️⃣ Trends in companies I'm following/AI-related developments 1) Nvidia: US President Trump announced on social media on the 8th that the US government will allow Nvidia to sell its H200 AI chips to China, but the US will take a 25% cut of the chip exports. He also stated that the US Department of Commerce is finalizing the details of the arrangements, and the same arrangement will apply to other AI chip companies such as AMD and Intel. Following the announcement, Nvidia's stock price rose 1.2% in after-hours trading. 2) Google announced on Monday that it is developing two different categories of AI glasses to compete with Meta's products next year: one equipped with a display screen, and the other focusing on audio functionality. The first AI glasses developed in collaboration will be available sometime in 2026, featuring Gemini's advanced Gemini Big Model, allowing users to take photos, navigate, answer calls, or identify objects in their field of vision without using their hands.

Alex Web3投资备忘

🔍 December 8, 2025 Daily Briefing 📊 I. Key Data Fear & Greed Index: 24 (Fear) US BTC Spot ETF: Net inflow last week -$87.77 million US ETH Spot ETF: Net inflow last week -$65.59 million 📰 II. Important News of the Day 1️⃣ Macroeconomics and Regulation 1) On December 8, the Trump administration's latest National Security Strategy document listed artificial intelligence and quantum computing as core national interests of the United States, emphasizing the need to ensure that the United States leads the world in technology and standards in artificial intelligence, biotechnology, and quantum computing. The only potentially cryptocurrency-related statement in the document is about maintaining and enhancing "the dominant position of the US financial sector" and leveraging "leadership in digital finance and innovation" to ensure market liquidity and security. 2️⃣ Industry News 1) Binance announced today that it has obtained a Financial Services License (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the international financial center in Abu Dhabi, UAE. Starting January 6, 2026, Binance will provide services such as trading operations, clearing and custody, brokerage, and OTC trading through three licensed entities. In addition, Binance signed a cooperation agreement with Dubai Customs to help improve trade efficiency and accelerate investment flows through payment solutions including Binance Pay. 2) On December 8, Cointelegraph reported that Bittensor will undergo its first token halving event around December 14. At that time, the daily supply of its native token TAO will be halved from the current 7,200 to 3,600. 3) On December 8th, Reuters reported that Robinhood Markets will acquire Indonesian brokerage Buana Capital Sekuritas and licensed digital asset trader Pedagang Aset Kripto. The transaction is expected to close in the first half of 2026, with specific financial terms undisclosed. Patrick Chan, Head of Robinhood Asia, stated that Indonesia is an ideal location to further advance Robinhood's mission of financial democratization. 3️⃣ Focused Targets/AI-Related Developments 1) On December 8th, Bloomberg reported that Wall Street's perception of AI-related companies is changing: OpenAI is being sidelined and no longer seen as a cutting-edge representative of AI, while facing questions about its profitability. Meanwhile, Alphabet is making a strong comeback with its substantial financial resources. Market optimism for Alphabet stems not only from Gemini, which ranks third in market capitalization in the S&P 500 and possesses a large amount of disposable cash. Its related businesses also hold significant advantages, such as Google Cloud, its emerging semiconductor manufacturing business, and its strength in AI data, talent pool, and distribution channels. Since 2025, the stock prices of a series of companies associated with OpenAI have risen by a cumulative 74%, a remarkable performance, but far less than the 146% increase in stocks related to Alphabet. Lumentum, which provides optical components for Alphabet's data centers, has seen its stock price more than triple this year, becoming one of the top 30 performing stocks in the Russell 3000 index. Tianhong, which provides hardware support for Alphabet's AI infrastructure, saw its stock price rise by a cumulative 252% in 2025. Meanwhile, Broadcom, which designs and manufactures Tensor Processing Unit (TPU) chips for Alphabet, has seen its stock price rise by 68% since the end of last year. 2) South Korea's Ministry of Industry and Energy and Arm, a chip design company under SoftBank Group, reached a memorandum of understanding to cooperate in strengthening South Korea's capabilities in the semiconductor and artificial intelligence fields. This includes a plan for Arm to establish a chip design school in South Korea. The training program aims to train approximately 1,400 high-level chip design experts in South Korea and is seen as an important measure to address the relative weaknesses of Asia's fourth-largest economy in system semiconductors and fabless design. South Korean President Lee Jae-myung met with Masayoshi Son at the presidential palace in Seoul on the same day.

Alex Web3投资备忘

I watched the recorded broadcast of Wang Yuquan's 2025 Pre-Conference Conference a couple of days ago; it was over three hours long. Sharing some highly subjective human notes: 1. An "engineering solution" for human longevity, even reversing aging, has emerged. We should strive to live as long as possible until the "longevity escape point" arrives. 2. The ultimate victors of the Industrial Revolution will face a triple elimination: a. Interspecies elimination: Fully utilizing new technologies to improve efficiency, replacing old technology players, and becoming a new species; b. Intraspecies competition: Using better paradigms to utilize new technologies, serving new scenarios well, and winning competition within the species; c. Surviving market risks: Surviving capital recessions. 3. Ultimately, what matters is not science or technology, but engineering. Engineering solves the problem of "constraint satisfaction." To solve this problem, we must first understand and define the constraints, and then use technology to provide the optimal solution to satisfy those constraints. 4. The Industrial Revolution introduced the concept of horsepower; the AI Revolution introduced the concept of human labor. In the future, an individual's output will be measured in terms of human labor. "Laborers who rely solely on human labor" without using AI will inevitably be eliminated. 5.ai The era of AI is one where products further evolve into services. The Industrial Revolution brought material equality, and AI... The times bring about service equality. 6. Developing AI dependence is a good thing; let AI become your intellectual advisor, and asking AI for advice on everything is a good habit. AI's self-monitoring of results and credibility enhancement will be the focus of large-scale AI models. 7. Large-scale models are transitioning from LLM (Learning Model) to LAM (Action Model) and even LBM (Behavioral Model). Companies with rich user behavior data have an advantage in behavioral models. 8. We are currently in an era of three overlapping waves: the wave of the AI revolution, the wave of globalization of Chinese manufacturing, and the wave of global digitalization (digilocal). 9. Domestic growth in China may gradually slow down, but Chinese companies still have great potential for overseas development. Pay attention to Chinese companies with globalization capabilities. 10. The main battlefield for future Sino-US competition is AI. Whoever has a wider range of physical AI infrastructure (data centers) and digital AI infrastructure (large-scale models) globally, and whoever can lock in more customers, will have stronger global competitiveness. American companies are actively and vigorously expanding overseas under the promotion of the government, building AI infrastructure in US allies. Infrastructure 11. Increased penetration of digital currencies (including traditional crypto assets, tokenized stocks, and stablecoins) will lead to a significant increase in liquidity in the financial markets (in terms of time, space, and volume), making it more difficult to brake the market. 12.ai The combination of three factors—the rising technology boom, increased digital currency penetration (more aggressive, higher-turnover liquidity), and interest rate cuts releasing liquidity—may further inflate the US stock market bubble in the next two years, potentially bursting at some point and causing massive volatility, possibly in 2029. At that time, referencing the Fed's past market rescue logic, the period of massive liquidity injections may be shortened under the loose monetary policy—and the combination of short duration and large volatility presents both enormous risks and opportunities. 13. Deliberate Evolution Guide: a. Intelligence Enhancement: Embrace AI dependence; b. Problem Identification: "Be diligent in laziness," find opportunities in human laziness; c. Deliberate Evolution: Predictive iteration, continuously predict the future, adjust in practice, and align actions with predictions. The original video is on WeChat's video account; search for the keyword "Frontline Conference". 2025

Loading..