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RWA tokenization, once viewed as a promising sector in crypto, is underperforming expectations according to a JPMorgan report. With a market cap of $25 billion, the majority of investments come from crypto-native firms, while traditional finance institutions show waning interest. Despite initial hype, the sector's growth remains slow, raising concerns about its future.
Altcoin market reclaims 8-year trendline, signaling a strong bullish trend on higher timeframes.Higher Timeframes Tell the Bigger StoryWhat Comes Next for Altcoins?
Ripple may withdraw its SEC appeal today. Could this finally bring the XRP legal saga to a close?What This Means for XRP and the MarketA New Chapter for Ripple?
- 21:38Anthropic CEO: There is a 25% chance that artificial intelligence could turn out "very badly" in the futureAccording to Jinse Finance, AXIOS reported that Anthropic CEO Dario Amodei stated at a summit on Wednesday that there is a 25% chance that the future of artificial intelligence could become "very bad." When asked about the "(p)doom number" (referring to the likelihood of AI development worsening, especially its potential to destroy humanity), Amodei gave this percentage. Amodei said that confronting the potential concerns of artificial intelligence is key to achieving positive outcomes. He stated, "I actually really hate this statement," and added that there is a "75% chance that AI will develop very well."
- 21:38JPMorgan Global Head of Fixed Income: Only One Dissenting Vote in the Decision Is Surprising, Demonstrates Federal Reserve UnityJinse Finance reported that Bob Michele, Global Head of Fixed Income at JPMorgan Asset Management, stated that it was surprising to see only one dissenting vote in the latest Federal Reserve decision. This demonstrates the Fed's unity in reducing policy restrictiveness, and that the previous level of policy restrictiveness exceeded their expectations.
- 21:28The US Dollar Index rose by 0.25% on the 17th.Jinse Finance reported that the US Dollar Index rose by 0.25% on the 17th, closing at 96.876 in the foreign exchange market.