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00:06
Sources: Magic Eden to shut down its Bitcoin and EVM marketplaces and gradually discontinue support for multi-chain wallets
BlockBeats News, February 27, according to Blockspace citing sources, Magic Eden will shut down its Bitcoin and EVM marketplaces and discontinue support for its multi-chain wallet. Sources stated that Magic Eden is expected to announce the gradual withdrawal from these businesses as early as Friday, and will close its Bitcoin and EVM marketplaces in the first week of March. Soon after, Magic Eden also plans to discontinue its cross-chain wallet service. The wallet will enter an export-only mode in mid-March and will completely cease service in early April. Sources also clarified that Magic Eden will continue to support NFTs and assets on Solana.
00:02
SBF: Whether AI Will Adopt Crypto Payment Mechanisms Could Become a Key Variable for the Future of the Crypto Industry
Jinse Finance reported that SBF posted on the X platform, stating, "The biggest question for the crypto industry is: Will AI use it? Suppose an instance of ChatGPT or Claude requires more computing power. Will it pay via wire transfer, credit card, or cryptocurrency? On one hand, the traditional financial system is not suitable for AI. For example—how do they complete KYC (Know Your Customer)? They have no passport, address, social security number, or even a name. Cryptocurrency has an advantage here—it is inherently digital and permissionless, and AI can already directly query blockchains, etc. On the other hand, we might also see an 'agent model': each AI is regarded as an agent for a specific human, with that human completing KYC and being responsible for the AI's actions, etc. (This also raises a related question: Who is legally responsible for the actions of AI?) In any case, some work needs to be done to connect the AI world with the world of transactions and payments. This connection will either be natively digital and crypto-based, or it will rely on a human as the 'owner' of the AI. The ultimate path taken will have a profound impact on the world. One such impact is the future of the crypto industry."
00:02
CME data: 96% probability of no rate change in March
On February 26, CME "FedWatch" data showed that the probability of the Federal Reserve keeping interest rates unchanged in March is 96%, while the probability of a 25 basis point rate cut is 4%. By April, the probability of a cumulative 25 basis point rate cut is 17.3%, the probability of keeping rates unchanged is 82.1%, and the probability of a cumulative 50 basis point rate cut is 0.6%. By June, the probability of a cumulative 25 basis point rate cut is 43%.
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