世链财经_

> The Kobeissi Letter
> Original compilation: Shenzhen TechFlow
Does the US government expect an economic recession to occur?
By 2025, the United States will have $92 trillion of debt maturing or needing to be refinanced. Faced with this massive refinancing, the quickest way to lower interest rates may be to trigger an economic recession.
However, can the United States benefit from the market crash?
Over the past two months, the yield on 10-year government bonds has fallen by about 60 basis points. This is partly due to market expectations of reduced deficit spending in government efficiency departments. However, it is also related to increased uncertainty and the rising possibility of a U.S. economic recession.
Economic recession almost guarantees a rate cut.
However, why does an economic recession represent a decrease in interest rates?
Since the 1980s, every time the U.S. economy

> Original title: The path to secure and efficient zkVMs: How to track progress
> Original author: a16z crypto
> Original Compilation: Golem, Odaily Planet Daily
zkVM (Zero Knowledge Virtual Machine) promises to 'popularize SNARKs', allowing anyone (even those without professional SNARK expertise) to prove that they have correctly executed any program on a given input (or witness). Their core advantage lies in developer experience, but currently they face significant challenges in security and performance. In order to fulfill zkVM's vision, designers must overcome these challenges. In this article, I have outlined the possible stages of zkVM development, completing which will

Buffett has once again stood out with his forward-looking investment strategy, predicting that Trump's policies may trigger an economic storm. His huge cash reserves and selling of stocks demonstrate concerns about the market, and the big dump in the market validates his financial wisdom. Buffett's investment philosophy emphasizes dealing with market fluctuations calmly, long-term investment, and seizing opportunities during downturns. Investors should emulate his strategy and seek long-term returns in market fluctuations.

ETH Foundation continues dumping ETH, causing the price of ETH to drop. The continuous dumping raises concerns about the Foundation's ability to maintain funds. In addition, the Spot ETH ETF continues to experience net outflows, lack of innovation leading to insufficient market confidence in the future of ETH. Volume is being diverted to Solana and others, with the market generally pessimistic about ETH, but the Pectra upgrade may bring optimism for the future of ETH. The overall market's attitude towards the development of ETH is conservative, and it remains to be observed.

Recently the market has experienced severe Fluctuation, and emotions have plunged into extreme panic. However, just a few days ago, DoubleZero Foundation announced that it had received a $28 million investment led by Dragonfly and Multicoin Capital, sparking rapid attention. What makes DoubleZero unique and able to attract capital in the current depressed market environment?
Just yesterday, DoubleZero's founder Austin Federa appeared on the New York Stock Exchange (NYSE) TV live broadcast, talking about how Double Zero is innovating Internet infrastructure, result

The encryption market is at a critical turning point: government support is affecting the market, regulation is gradually becoming clear, Wall Street funds are pouring in, with BTC leading the Bull Market. As the regulatory environment changes, the value of encryption projects becomes prominent, innovation leads the future, and investors should seize the opportunity. 2025 may become the year of soaring Cryptocurrency, and the United States may become the global center of encryption innovation.

Be an active participant in the era of artificial intelligence; do well in the research and development of pedestal large models, accelerate the construction of a general artificial intelligence ecosystem; actively apply artificial intelligence, promote the intelligent, green, and innovative development of the coal industry; support small and medium-sized enterprises in applying artificial intelligence, and promote the empowerment of the manufacturing industry by the industrial metaverse... Around the promotion of 'artificial intelligence +', accelerate the digital transformation, and actively provide suggestions and suggestions on behalf of representatives.
National Committee of the Chinese People's Political Consultative Conference (CPPCC) member and Chairman of New Hope Group, Liu Yonghao:
Active participants in the era of artificial intelligence
　　◎Journalist Li Yanzheng
"The era of artificial intelligence is coming, and enterprises must keep pace with the times, be active participants, and not be bystanders." Liu Yonghao, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of the New Hope Group, recently stated in an interview with the Shanghai Securities News that he is focusing on topics such as the application of artificial intelligence at this year's National People's Congress and Chinese People's Political Consultative Conference.
Strengthening financial support for small and micro enterprises
Liu Yonghao table

The government work report proposes to deepen the development and utilization of data resources. Dong suggests accelerating the construction of a highly credible Block chain network to provide a foundation for data circulation and promote the vitality of releasing high-value data. The characteristics of Block chain technology can provide secure storage and sharing of data, and a new infrastructure covering the whole country should be built. Combined with Digital Money and Smart Contract, it can improve payment efficiency and social cooperation fairness.

xAI is an artificial intelligence company owned by Musk, which recently expanded its influence by purchasing a large property in Memphis, USA. They plan to build the world's largest Supercomputer and expand their core business in Memphis. xAI also intends to increase the number of GPUs and cooperate with other companies such as NVIDIA and Dell. They recently completed a $6 billion financing round, with the funds being used for artificial intelligence development.

Guangdong Province has issued 'Several Measures' to promote the innovative development of the artificial intelligence and robotics industry, proposing 12 measures such as supporting key technology breakthroughs, nurturing high-quality enterprises, building application scenarios, and promoting industry clustering. By promoting industry upgrading through fostering systems, clustering development, Open Source innovation, etc., increasing financial support, talent cultivation, accelerating legislative work, and promoting the healthy development of the industry.

The Supreme People's Court new media has released an AI-generated anti-online violence promotional video 'The Weight of a Sentence', demonstrating cases of legally punishing online violent crimes. Baidu Intelligent Cloud's Qianfan large model platform provides video generation technology and model resources, supporting one-stop AI services. Users can quickly generate accurate visual elements through this platform to meet professional creative needs, helping enterprises optimize model performance and inference hosting capabilities.

> Original Title: "GMGN's P Young Master's Small Classroom - Gas, Priority Fee, Slippage, MEV"
> Original author: Haze, co-founder of gmgn
When trading on the chain, many basic concepts may determine the success or failure of your trades.
Now trading tools are trying to reduce the threshold for everyone's operation. Most people do not understand the on-chain parameters. This article will help you understand them.
Some basic concepts:
· Gas Fee (GAS)
· Gas = Transaction fee of the blockchain
· Pay miners / validators to process your transactions
· Gas high → Priority packaging for trading
· Low gas → May be stuck in the queue
Payment method:
· SOL Trading → Pay SOL
· ETH Trading → Pay ETH
· Different chains have different gas