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Odaily News In a recent interview on Cointelegraph's program Chain Reaction, Lucas Sum, Head of Stock Market Development at Gate, stated that crypto and stocks are quietly converging and increasingly becoming part of the same macro trade. He pointed out that the correlation between the crypto market and the Nasdaq index is currently higher than the five-year average, with the correlation coefficient once exceeding 0.8. Market sentiment is generally cautious at present, with more funds staying in low-risk assets such as stablecoins, as investors await clearer catalysts.Lucas Sum believes that the core narrative of the next market cycle may no longer be "crypto vs. Wall Street," but rather traditional financial assets accelerating their entry into the digital financial system through on-chain infrastructure. The scale of RWA has grown from approximately $12 billion a year ago to over $30 billion, while the scale of tokenized U.S. Treasury bonds has also reached approximately $15 billion, indicating that on-chain financial infrastructure continues to expand. Meanwhile, macro liquidity, real yields, and regulatory clarity remain key factors influencing the performance of risk assets. Against this backdrop, investors' focus is shifting from single-asset allocation to coordinated allocation across multiple asset classes. Lucas Sum noted that Gate is continuously expanding its stock business, currently covering U.S., Hong Kong, and Korean stock markets, with plans to extend further into more global markets to provide the necessary infrastructure for multi-asset investment.
Odaily News: In an interview with CNBC's "Squawk Box," former White House Senior Advisor for Artificial Intelligence Policy, Sriram Krishnan, stated that a wave of cybersecurity startups leveraging AI to fight AI will emerge in the future.As AI model capabilities rapidly advance, especially with the increasing risk of "rogue AI models" capable of autonomous operation, the cybersecurity landscape will require new defense systems, including using AI technology to identify, monitor, and block AI-driven attacks in real time.Sriram Krishnan believes that the future of cybersecurity competition will evolve into an "AI offensive-defensive battle." Attackers may use AI to automatically discover vulnerabilities and launch attacks, while defenders must also rely on AI to enhance threat detection and response capabilities. This will create opportunities for a new generation of cybersecurity startups.During the interview, Krishnan also discussed topics such as the competitive landscape of the AI industry, Nvidia's $500 billion financing plan, and the global AI arms race. He pointed out that as investment in AI infrastructure continues to expand, computing power, model security, and network protection will become key components of the AI ecosystem.
Michael Saylor posted on platform X, stating that last night's CLARITY Act hearing will unleash the next wave of digital capital, digital credit, and digital equity in the US and globally, providing institutional validation for BTC, establishing a framework for the STRC-driven digital yield market, and promoting broader adoption of MSTR.