Circle reported earnings earlier this week, beating expectations, and the shares have had quite the run this week to discuss the report and developments since its IPO last year. We want to welcome in our next guest. That's Jeremy Fox, CFO of Circle.Jeremy, thank you so much for joining us. Uh, great quarter. I mean, the EPS number strong, much stronger than expected, sizable beat there.Revenue better than expected, 770 million. Take us through just some of the highlights really quickly. >> Good morning, Dia ...

（文章来源：每日经济新闻） 每经AI快讯，2月27日，加密货币概念股MARA Holdings股价美股盘前上涨16%。 ...

来源：市场资讯 （来源：吴说） 吴说获悉，Wintermute 报告称，自 2024 年底起，加密与美股的零售资金相关性由正转负，零售资金创 纪录流入美股，同时加密市场趋于观望，山寨币市值与零售活跃度同步走弱。数据显示 BTC/NDX 波动 率比持续下行，2025 年上半年一度低于 2 倍，叠加 ETF 等工具与跨平台交易打通，资金在两类资产间 切换更便捷。报告认为，美股零售活跃度已成为加密市场重要前瞻指标，投资需从多资产配置视角审 视。 ...

Group 1 - The number of initial jobless claims in the U.S. for the week ending February 21 was 212,000, slightly below the expected 215,000, with the previous value revised from 206,000 to 208,000 [1] Group 2 - The Ethereum Foundation has released a technical roadmap called "strawmap," outlining plans for approximately seven upgrades by 2029, with a proposed upgrade frequency of every six months [1] - The roadmap includes five long-term goals: achieving faster Layer 1 confirmation times, a throughput capacity of 1 gigagas/sec, high throughput Layer 2 based on data availability sampling, a quantum-resistant cryptographic system, and native privacy transfer features [1] Group 3 - A report from the Chinese National Computer Virus Emergency Response Center indicates that the U.S. has seized over $30 billion in virtual currency assets from 2022 to 2025 through various cases, with the "Chen Zhi case" accounting for approximately $15 billion, or 50% of the total [1] - The report also highlights the criminal charges against Chen Zhi, founder of the Cambodian Prince Group, and includes the Binance/CZ case as an example of the U.S. strengthening regulatory output through judicial and regulatory means [1] Group 4 - ZachXBT has revealed that employees of the crypto platform Axiom, including senior BD employee Broox Bauer, have been abusing internal tools to track users for insider trading since early 2025 [2] - Broox claimed to have the ability to track any Axiom user through referral codes, wallets, or UIDs, and has shared sensitive information about traders' private wallets to profit from undisclosed trading activities [2] Group 5 - The Hong Kong police reported progress in the AAX fraud case, where a 39-year-old man is accused of stealing approximately HKD 633 million and has been charged with three counts of theft and one count of fraud [3] - The AAX platform ceased operations in November 2022 under the pretext of "system maintenance," and the suspect allegedly absconded with virtual currency valued at around HKD 633 million [3] - As of July 2024, the police have received reports from 890 victims, with claims totaling HKD 208 million, and several individuals, including the founder and former CEO of AAX, have already been arrested [3]

AI交易与加密资产在经历一轮密集抛售后，可能正在逼近阶段性底部。Fundstrat联合创始人兼研究主管 Tom Lee认为，软件股，Mag 7以及加密货币的回撤已进入"最后几周"。 这一判断出现在英伟达交出"稳健"业绩、但市场反应仍偏克制之际。英伟达CEO黄仁勋也公开表示，市 场对软件板块的抛售"判断错误"，接下来这一观点能否被资金接受，将直接影响AI链条的情绪修复速 度。 在策略层面，他用"1月晴雨表"为风险资产提供支撑：标普500在1月首周与全月分别上涨1.5%和1.3% 后，2月往往是"回吐月"，月度中位数跌幅约0.4%，随后3月可能转强，平均涨幅或达2%，4月表现可能 更佳。 加密货币：回撤或进入最后阶段，Tom Lee押注ETH反弹 在加密市场，Tom Lee继续保持偏多立场，他认为这一轮下跌接近结束，特别指出ETH将止跌反弹。 底部信号：坏消息触发"见底机制"，轮动接近极值 Tom Lee的核心逻辑是"坏消息出底部"。他特别提到本周初Citrini Research的病毒式看空内容对情绪的冲 击，并据此判断市场可能"已经走到相当靠后的位置"。 在他看来，资金从核心拥挤交易中撤出的过程接近极端，意味 ...

尽管近期比特币遭遇持续抛售，面临新一轮市场寒冬，但支撑加密货币市场的底层基础设施没有崩塌， 这为多头投资者提供了信心支撑。 回顾2022年的行业寒冬，加密货币基础设施随着价格暴跌而土崩瓦解，FTX，Celsius，BlockFi 以及 Three Arrows 等知名机构如同多米诺骨牌般接连倒下。然而在本次抛售潮中，此类系统性崩溃并未发 生。市场机制的重大改善不仅保障了交易与托管的顺畅，也促使过去一年来长期持有者的购买力实现了 增长。此外，Circle 发布的强劲盈利报告也进一步印证了底层制度框架依然屹立不倒。 除了机构买家与对冲基金的持续坚守，比特币底层的供需结构也正在发生实质性变化。据彭博报道，比 特币ETF资产在价格下跌期间仍被投资者稳健持有，同时比特币的自由交易供应量已经出现减少。 这一结构性变化改变了潜在复苏的物理机制：如果市场情绪发生转变，买盘压力将通过比以往更窄的渠 道进行传递，这种收缩的供应端有望为市场反弹产生更大的力量。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定 ...

智通财经2月26日讯（编辑 胡家荣）港股三大指数集体下挫。截至收盘，恒生指数跌1.44%，报26381.02点；科技指数跌2.87%，报5109.32点；国企指数跌 2.44%，报8814.29点。 中信建投研报指出，人工智能数据中心(AIDC)建设已进入爆发式增长通道。测算显示，2025–2028年美国AI发展催生的电力容量需求年均复合增长率 (CAGR)约55%，未来三年累计需求超150吉瓦。 同时北美地区电力缺口持续扩大，"自建电源"成为科技巨头刚需。燃气轮机凭借快速启停、高功率适配、成本优势及运行可靠性，正成为AIDC主电源首选 方案，带动发电设备产业链价值重估。 机构看多加密市场 金涌投资涨超29% 今日市场 今日盘面呈现"新质生产力主线强势突围，传统周期板块承压回调"的鲜明特征，其中电力设备、加密货币、光通信等代表技术迭代与全球产业趋势的板块集 体走强；而光伏、建材水泥、锂电池、黄金珠宝等受制于供需结构和股东行为影响的板块则明显回调。 AIDC引爆全球电力基建浪潮 东方电气涨超15% 截至收盘，东方电气(01072.HK)涨15.52%、哈尔滨电气(01133.HK)涨7.15%、金风科技(022 ...

智通财经APP获悉，加密货币概念股涨幅居前，截至发稿，欧科云链(01499)涨6.43%，报0.182港元；国 泰君安国际(01788)涨5.57%，报3.03港元；新火科技控股(01611)涨5.46%，报2.51港元；云锋金融 (00376)涨5.21%，报3.23港元。 消息面上，周三，比特币逼近7万美元关口，终结连续三个交易日跌势，以太坊则一度上涨约12%至 2085美元附近。在美股小幅走高、整体风险情绪回暖以及英伟达财报发布前市场预期升温的背景下，加 密资产出现明显修复性反弹。 Orbit Markets联合创始人表示，本轮上行可能反映了在持续抛售后的"逢低买入"行为。她补充称，如果 比特币能够回到70000美元，将有助于市场叙事转向更积极的方向。 ...

他在一份报告中写道，这种模式"清晰表明这一投资者群体正在巩固持仓而非恐慌离场"，并补充道，前 25大比特币ETF持有者中有17家在第四季度增加了头寸。 自去年10月触及高点以来，比特币价格已近腰斩。无论从哪个角度看，本轮抛售都是FTX崩盘以来最惨 烈的一次。然而，在这场浩劫之中，却藏着一个耐人寻味的谜题：牛市期间围绕比特币搭建的机构化体 系，并未随价格一同崩塌。 比特币ETF资金大体坚守，华尔街仍未离场。尽管部分策略性投资者选择离场，但长期持有者的持仓意 愿却异常坚定。这种价格下跌与市场韧性之间的背离，催生了一种被抛售潮掩盖的逆向看涨逻辑。 看空逻辑无需赘述。即便周三出现反弹，比特币仍在7万美元下方徘徊，远低于去年10月12.6万美元的 高点，市值蒸发1万亿美元。全网近45%的比特币持仓处于浮亏状态，期权交易者纷纷买入对冲暴跌风 险的合约。关于机构入场能缓冲下跌的信心已荡然无存，连续数周的ETF资金外流更让市场普遍认为： 比特币的主流化进程正在失灵。 但逆向投资者认为，这些外流数据需要放在更大的背景下解读。Blockforce Capital的Brett Munster指 出，自2024年1月推出以来，现货比 ...

Market Overview - The U.S. stock market experienced a broad rally on Wednesday, with the Dow Jones rising by 0.63%, the S&P 500 increasing by 0.81%, and the Nasdaq gaining 1.26% [2] - Bitcoin surged nearly 8%, approaching the $70,000 mark during intraday trading [2] Market Sentiment - The day was characterized as a "reset day" for market sentiment rather than a "turning point" [3] - The VIX index saw a significant decline, indicating reduced volatility in tech stocks [4] - There was a notable "dead cat bounce" in software stocks, suggesting a temporary recovery [4] Lack of Catalysts - The market lacked a unified trading theme or catalyst, leading to a natural rebound in sentiment without a specific focus [5] - Trump's State of the Union address did not generate significant market reaction as it did not introduce new policies [6] - There were no major economic data releases or significant comments from the Federal Reserve regarding monetary policy [7] Psychological State - The current market psychology is characterized by relief rather than greed, with investors feeling thankful that conditions are not worse [8] - The focus moving forward will be on whether the upward trend can continue, which would enhance risk appetite in the market [8]