Axel Adler Jr.: Bitcoin enters a new accumulation zone, with a focus on $48000 at the bottom of the cycle

According to CoinDesk, SpaceX's latest market value has exceeded $2.5 trillion, with a range of $2.6 trillion, a cumulative increase of over 40% since its listing on June 12, approaching twice the market value of Bitcoin. SpaceX currently has a loss of approximately $494 million and revenue of approximately $18.67 billion, corresponding to a valuation of over 130 times revenue.

Bitwise CIO Matt Hougan said that for long-term investors, the bottom of Bitcoin is not important, the key is whether it will rise to $100000, $200000, and $1 million in the future. （Bitcoin Archive）

Developer unconst has submitted a Root Reborn governance proposal to restructure the TAO staking income mechanism, transforming validators into capital allocators to alleviate selling pressure. The proposal suggests that validators independently choose supported subnets and invest the proceeds into asset portfolios, which is currently in the GitHub code review stage. TAO has fallen by about 28% in the past 12 months, while Bitcoin has fallen by about 38% during the same period. The current annualized staking income is about 17%.

According to a report by Jin Shi, European Central Bank President Lagarde stated that artificial intelligence may trigger a financial crisis, and the European Central Bank is determined to ensure that this does not happen. Lagarde said that the real risk lies in the turbulence caused by the entry of artificial intelligence into the real world, and believes that a global artificial intelligence governance mechanism similar to the nuclear non-proliferation agreement needs to be established. The European Central Bank will send a letter to bank CEOs to ensure that banks are prepared for AI attacks and have sufficient resilience.

ECB Managing Director Sleipne stated that inflation expectations need to be closely monitored.