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00:22
Broadcom sees the surge in AI demand as a long-term trend
Golden Ten Data March 5th|Broadcom emphasized its long-term advantages during a conference call with investors on Wednesday. The company stated that as hyperscale cloud service providers shift from training AI to leveraging AI to create products, AI demand has not diminished. On the contrary, they require more computing and network power to support their products. CEO Hock Tan said that despite market constraints, Broadcom has managed to maintain memory supply until the end of 2028. He stated: "Our cooperation with these six clients in developing AI XPU is deep, strategic, and multi-year."
00:19
Digital asset trading company Crossover completes $31 million Series B financing, led by Tradeweb
PANews March 5th news, according to Bloomberg, fixed income trading giant Tradeweb Markets led the $31 million Series B financing round for digital asset trading company Crossover Markets Group, with DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets, and Illuminate Financial also participating. This transaction values Crossover at approximately $200 million. As part of the deal, Tradeweb will leverage its algorithmic technology to route institutional clients' crypto orders through the platform, providing a direct channel for entry into the digital asset sector. Crossover was founded in 2022 by seasoned FX market professionals from Jefferies and Euronext FX. Its CROSSx platform adopts the ECN model, separating trade execution from custody and credit. Since its launch, it has matched over $5 billion in notional trading volume.
00:19
Today's Fear and Greed Index rises to 22, still classified as Extreme Fear
Jinse Finance reported that today's Fear and Greed Index has risen to 22 (compared to 10 yesterday), with the level still classified as Extreme Fear. Note: The Fear Index threshold ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + bitcoin's proportion in the overall market (10%) + Google trending keyword analysis (10%).
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