格伯川崎的罗斯·格伯甚至直言"这是场灾难"，并带头抛售股票。他的观点代表了一类股东的焦虑：特 斯拉董事会的集体沉默，暴露了公司治理结构的缺陷——当创始人兼具大股东、CEO和"网红"三重身份 时，谁来真正为中小股东利益负责？ 短期来看，特斯拉股价可能继续承压。卖空者已借机大赚40亿美元，而市场情绪的修复需要时间。但 XBIT去中心化交易所平台分析师部分观点认为，此次危机也可能成为转折点。若马斯克能回归公司核 心业务，暂停政治冒险，并加速推进Robotaxi等创新项目，特斯拉仍可能重获市场认可。毕竟，其全球 储能业务布局、自动驾驶技术积累和品牌溢价尚未消失殆尽。 过去数月，特斯拉股东犹如坐上过山车，而最近一周的暴跌将这场动荡推向高潮。马斯克与特朗普的公 开决裂，不仅暴露了这位科技狂人冒险下注政治权力的风险，更让特斯拉付出了惨痛代价——单日市值 蒸发1530亿美元，创下美股史上最大跌幅。XBIT表示这场风波不仅关乎股价涨跌，更揭示了一个根本 性问题：当企业领袖的个人野心凌驾于公司战略时，市场终会给出残酷的定价。 图源:币界网 马斯克曾是特朗普政府的座上宾，他的政治影响力一度被视作特斯拉的"隐形资产"。市场曾乐观预期 ...

The decision paves the way for broader digital asset adoption in the UK London, 6 June 2025 – 21Shares, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs) and the first to list crypto ETNs on the London Stock Exchange (LSE), welcomes the Financial Conduct Authority’s (FCA) announcement today proposing to lift the ban on offering crypto exchange-traded notes (cETNs) to UK retail investors. The proposal aims to support innovation and competitiveness in the UK’s digital asset ...

Group 1: Core Insights - Circle Internet Corp., the issuer of USDC, successfully listed on the New York Stock Exchange, marking a significant milestone as the "first stock of stablecoin" with a first-day stock price increase of 168.5% and a market cap exceeding $18 billion [2] - Recent legislative actions, including the passage of the GENIUS Act in the U.S. Senate and the introduction of the Stablecoin Regulation Draft in Hong Kong, are seen as pivotal moments in the financial landscape, highlighting the growing importance of stablecoins [2][9] Group 2: Definition and Functionality of Stablecoins - Stablecoins are digital currencies pegged to real assets, primarily fiat currencies like the U.S. dollar, designed to mitigate the volatility associated with traditional cryptocurrencies [3] - They serve multiple roles in the financial sector, including facilitating cross-border transactions, acting as a safe haven during market volatility, and providing liquidity in decentralized finance (DeFi) [4] Group 3: Market Dynamics - As of May 2025, the global stablecoin market is projected to exceed $250 billion, with USDT and USDC dominating over 88% of the market share [5] - USDT maintains a leading position due to its high liquidity and market presence, while USDC is recognized for its regulatory compliance and transparency, although it faced challenges in 2023 [7][8] Group 4: Regulatory Landscape and Global Impact - The U.S. is tightening regulations on stablecoin issuers, requiring them to be U.S.-registered entities, which enhances American control over the global stablecoin market [10] - The rise of stablecoins poses challenges to existing financial regulations in other countries, including China, while also accelerating the development of the digital yuan as a countermeasure [11][12] Group 5: Future Prospects - The implementation of the GENIUS Act could lead to a tenfold increase in stablecoin supply over the next four years, significantly boosting the demand for U.S. Treasury bonds and reinforcing the dollar's dominance in the global financial system [9] - The new regulatory framework in Hong Kong is expected to attract innovation and investment in the stablecoin sector, positioning the region as a key player in the global financial landscape [13]

文 | 郑丽媛 出品丨AI 科技大本营（ID：rgznai100） 过去这一年，AI 世界风云再起。 从 DeepSeek R1 、OpenAI o3 的激烈竞逐，到 AI 智能体频频登上技术热榜；从"推理能力"成为衡量大模型的新标准，到人形机器人、具身智能 （Embodied Intelligence）被寄予厚望……我们正站在 AI 技术快速演进的关键时刻。 然而，在这些热闹表象的背后，一场更深层的技术讨论也正在 悄然发生： 我们真的了解智能吗？我们构建的 AI 真的在"学习"吗？ 在这样一个值得深思的节点， 加拿大阿尔伯塔大学计算科学系教授、图灵奖得主 Richard Sutton 在 6 月 6 日举行的北京智源大会上，带来了一场名为 《 欢迎来到经验时代 （Welcome to the Era of Experience） 》的 主题演讲。 在 整场演讲中， Richard Sutton 没有谈模型架构、参数量，没有讲热门的大语言模型， 也没有 讨论 多模态系统的未来路线图——他选择回到 AI 的第 一性原理， 提出了一个颠覆直觉、却极具穿透力的主张： 真正的智能，应该来源于经验，而不是人类预设的数据 ...

1. 重塑市场信心，打开传统资本闸门 长期以来，数字货币市场因技术复杂性、价格剧烈波动以及监管模糊性，被传统金融机构贴上"高风险、不透明"的标 签。Circle成功登陆纽交所，以严苛的上市标准为数字货币行业正名，将区块链技术驱动的稳定币业务置于传统资本市 场的聚光灯下。其招股书详细披露的储备资产构成、合规运营流程和风险控制体系，如同为数字货币市场颁发的"信任 证书"，打破了传统投资者对行业的固有偏见。例如，Circle展示的USDC储备资产中，短期国债和现金等价物的透明化 管理，让传统投资者看到数字货币业务也能具备传统金融机构的严谨性。 Circle上市带来的示范效应正在形成"虹吸效应"。以贝莱德申请比特币ETF为例，传统资管巨头已开始主动拥抱数字货币 领域，而Circle的成功上市无疑加速了这一进程。上市后的Circle凭借其品牌公信力和合规优势，成为传统金融机构布局 数字货币市场的重要窗口。据彭博社预测，随着Circle上市，未来一年内可能会有超过500亿美元的传统机构资金通过稳 定币等管道流入数字货币市场。这些资金不仅为市场注入流动性，更带来成熟的风险管理体系和投资理念，推动数字货 币市场向专业化方向发 ...

Group 1 - The Federal Reserve's policy deadlock and inflation concerns are causing market anxiety, with a potential long-term maintenance of the current interest rate range of 4.25%-4.50% due to trade policies impacting prices [1][3] - The rising funding rates on Binance indicate a shift in market sentiment, with Bitcoin perpetual contract funding rates exceeding 0.15%, reflecting growing bearish sentiment [3][6] - XBIT decentralized exchange is gaining traction as a safe haven for funds, with a 23% increase in trading volume over the past week, and USDT/BTC liquidity depth surpassing $500 million [3][4] Group 2 - The surge in Binance funding rates and XBIT trading volume is a response to "dual uncertainty," with traditional markets experiencing increased volatility and a trust crisis in centralized exchanges [3][6] - XBIT has launched an "inflation hedging index" product, attracting over $200 million in funds on its first day, indicating a shift from speculative to value-driven investment in the crypto market [4][6] - The trading volume of inflation-linked stablecoins on XBIT has increased by 150% this month, showing investors' intent to hedge against currency devaluation risks [6]

交易提示 交易咨询：0571-85165192，85058093 2025 年 6 月 6 日星期五 16519 新世纪期货交易提示（2025-6-6） | | | | 铁矿：本期全球铁矿石发运总量环比回升，主流矿山发运量保持平稳回升 | | --- | --- | --- | --- | | | | | 态势，需求端铁水产量环比回落 0.1 万吨至 241.8 万吨，连续四周下行， | | | | | 基本面供需逐步宽松。铁矿港口库存仍旧在去库，说明当前 240 的高铁水 | | | 铁矿石 | 反弹 | 仍旧能驱动港口去库，关注后续铁水持续回落状况。特朗普再次提高钢铁 | | | | | 关税至 50%，资金和情绪端表现出偏空，关注市场对关税的消化反应以及 | | | | | 减产的推进程度，短期受煤焦带动呈现反弹走势，策略上，前期空单建议 | | | | | 继续持有，情绪性反弹可酌情加仓。 | | | | | 煤焦：网传外蒙古宣布将对煤炭出口征收 20%资源税，以及中国三西地区 | | | | | 部分煤矿因完成月度生产任务而停产或减产，煤焦盘面受此利好大幅拉 | | | 煤焦 | 反弹 | 涨。焦煤 ...

近年来，随着区块链技术的日益成熟以及全球数字化进程的加速，加密货币逐渐从边缘小众领域走向主 流视野。稳定币作为加密货币与传统金融体系之间的关键纽带，发挥着不可替代的作用。它既能提供加 密货币的便捷性与高效性，又具备与法定货币挂钩的稳定性，广泛应用于支付、跨境汇款、去中心化金 融（DeFi）等多个场景。 市场研究机构的数据显示，过去几年稳定币市场规模呈现出爆发式增长态势，预计未来几年仍将保持高 速增长。Circle作为稳定币领域的领军企业，无疑将充分受益于这一行业红利。然而，加密货币市场向 来波动剧烈，Circle在未来的发展道路上也并非一帆风顺，市场竞争的加剧以及技术安全风险等因素， 都可能对股价和业务发展产生影响。 2014年，Circle正式推出首款产品，允许用户使用比特币进行跨境支付和转账，旨在打破传统跨境支付 的高成本、低效率壁垒。这一创新举措在当时引起了不小的轰动，尽管面临着监管政策不明确、用户接 受度低等诸多挑战，但Circle依然坚定地迈出了探索加密支付的第一步。 随着业务的逐步推进，Circle意识到单纯依靠比特币支付存在价格波动大、监管风险高等问题。为了提 供更稳定、更可靠的支付解决方案，公 ...

Group 1 - The book "Kangxi's Red Ticket" by Sun Litian has gained significant attention and success, becoming a representative work of original historical literature by Chinese scholars [3][4] - The book's initial success was aided by a recommendation from a popular Bilibili content creator, which led to a surge in sales and highlighted the impact of decentralized internet promotion [4] - The editor, Hu Xiaokai, set a sales target of 10,000 copies, which was quickly surpassed after the book's initial print run of 5,000 copies sold out [4] Group 2 - "The Homeland Once Was" has gained popularity as a debate resource amid renewed media focus on the Israeli-Palestinian issue, filling a gap in perspectives from the Palestinian side [6] - The book's publication was influenced by cultural scholar Liang Wendao's high praise and the anticipation built from its introduction in a reading program [6] - The editor, Xu Xiaoyu, emphasized the book's role in promoting critical thinking among readers, which is a significant achievement for editors [6] Group 3 - "Daqing: For the Construction of Oil" is recognized as a unique contribution to the literature on China's industrial cities, providing a readable account of the construction period [8] - The book addresses a gap in the market for literature reflecting the construction era, which has been underrepresented compared to revolutionary and reform narratives [8] - The editor, Wei Chun, noted that the book appeals to readers with experience in the petrochemical industry and those with emotional ties to energy cities [8] Group 4 - The "AI+X" strategy by CITIC Publishing Group focuses on integrating AI with various fields, including education and economics, reflecting a trend in contemporary publishing [10] - The book "The Coming Wave" discusses the intersection of AI and biotechnology, addressing both technological content and its societal implications [10] - The editor, Zhang Yingjie, highlighted the book's comprehensive approach and the author's forward-looking perspective on future developments [10] Group 5 - The book "Everything is Computation" by Stephen Wolfram showcases his extensive interests and contributions to science, particularly in computing and mathematics [12] - The publisher, Turing Culture, recognized Wolfram's influence and relevance in the tech field, leading to the acquisition of multiple works by him [12] - Wolfram's unique approach to exploring scientific concepts and his involvement in popular culture, such as his role in the film "Arrival," illustrate the intersection of science and creativity [12] Group 6 - The book "Sahara Sea Project" by the China Science and Technology Publishing House explores ambitious climate engineering projects and their historical context [14] - The publication aligns with the new brand "Zhongke Book Institute," which aims to bridge science and modern society through interdisciplinary approaches [14] - The editor, Song Zhuqing, noted the book's engaging premise and its relevance to contemporary discussions on technology and environmental challenges [14]

通过此次合作，波场TRON生态内的DApp开发者将获得更灵活、多元的云服务支持，不再局限于传统 中心化基础设施的束缚。Rumble Cloud提供的虚拟机、Kubernetes编排系统、分布式存储和私有云解决 方案，将极大提升波场TRON网络在部署效率、数据安全性和服务自治方面的能力。随着开发者能够在 更加去中心化、透明和自由的环境下构建应用，波场TRON也将进一步强化其Web3生态的吸引力和竞 争力。 对于构建"用户主导"的互联网而言，去中心化云架构不仅是一种技术选择，更是制度和价值观的体现。 在此次合作中，双方将通过资源互补与系统集成，共同打造抗审查、高弹性的新型云计算架构，使 Web3应用能够真正实现从网络层到存储层的全面自治。这不仅有助于提升用户对去中心化服务的信任 度，也为Web3行业提供了可复制、可推广的基础设施样板。 真正的去中心化互联网必须从根本上摆脱对中心化算力和服务资源的依赖。Rumble Cloud的加入，为波 场TRON DAO带来了理想的基础设施伙伴，将助力构建一个更加坚固、高效的Web3技术底座。随着合 作深入展开，波场TRON将不断巩固其作为全球领先区块链平台的技术优势，并持续引 ...