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11:41
Musk admits that China is the biggest competitor
Glonghui, January 30|According to Global Times, on January 28 local time, Tesla CEO Elon Musk attended the company's Q4 and full-year 2025 earnings call. When asked about his views on the global competition faced by Tesla's humanoid robots, Musk said: "I do think that, so far, the biggest competitors for Tesla's humanoid robots come from China. China is very good at scaling up manufacturing, is adept at applying artificial intelligence technology, and is in a process of continuous progress, so it is definitely Tesla's strongest competitor." "We have not seen any strong competitors from outside China, and competition with China is definitely a tough battle. No one should underestimate China; China is a highly potential and higher-level opponent." Musk has high hopes for humanoid robots.
11:41
Downgrade storm hits Jakarta, transparency crisis forces governance reform
Glonghui, January 30th|This week, when MSCI issued a warning on January 28th that it might downgrade Indonesia from an "emerging market" to a "frontier market," it triggered one of the most severe stock market crashes in the country in decades. This warning has concretized long-standing concerns about Indonesia's implementation of good corporate governance, fair trading in financial markets, and transparency of asset ownership. The Jakarta government subsequently took several measures to address the concerns of the index provider, but it remains unclear whether these actions will be sufficient to prevent a possible downgrade later this year. Indonesian regulators stated that starting from February, the minimum public float will be doubled to 15%, and hinted that the newly established sovereign wealth fund Danantara may step in to support the market. The government also plans to channel more institutional funds into the stock market by raising the investment quotas for insurance companies and pension funds.
11:37
Balaji: Physical gold is not the best hedge against a dollar crisis; bitcoin offers stronger censorship resistance.
BlockBeats News, January 30 — Former CTO of a certain exchange and angel investor Balaji Srinivasan stated today that the fiat currency crisis has already begun to emerge. He noted that physical gold is susceptible to government confiscation (such as the 1933 Roosevelt Order), while Bitcoin and other forms of digital gold offer greater resistance to seizure due to their invisibility and programmability. In his article, Balaji pointed out that BRICS countries have sharply increased their gold reserves since the 2008 financial crisis, indicating a shift in the East toward physical assets. However, he believes the internet will replace the dollar-dominated Keynesian system with digital assets. Balaji concluded that for people living in North America and Western Europe—countries facing sovereign debt crises—gold may not necessarily be the best safe-haven asset, and Bitcoin is a hedge worth considering.
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