The Nasdaq fell 2.6% on Thursday, while the Dow rose 0.02%, due to market concerns about the sustainability of artificial intelligence spending. Meta shares fell 7% after missing profit expectations and disclosing significant future expenses. Nvidia's CEO stated that there is insufficient capital to support the growth of Neoclouds in the field of artificial intelligence. SpaceX, Nvidia, and CoreWeave shares fell, and the Philadelphia Semiconductor Index dropped 6.7%. US investors turned to the bond market, causing US Treasury yields to decline. (Source: Bloomberg)

Aave announced on the X platform that the first batch of externally curated markets for Aave V4 has launched, with strategies developed by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD in three new markets on Ethereum, using yield-generating and blue-chip assets as collateral.

Matter Labs CEO Alex Gluchowski stated that zero-knowledge proofs can help financial institutions maintain data privacy on-chain while ensuring that regulators, auditors, and security teams have the necessary access.

Coinbase announced on its X platform that it has opened up access to its AI agent. Users can select the investment portfolios accessible to the AI agent and preview orders before execution. Users can also disconnect at any time or send a connection command in the chat of a commonly used large language model to access Coinbase.

Musk stated that artificial intelligence and robots will be able to provide almost all goods and services, and value will shift towards energy, electricity, and matter, thus rendering traditional currencies obsolete.