BTC falls below the $59000 mark

Coinbase revealed in a CNBC livestream that over 40 countries worldwide have included Bitcoin in their national reserves. （The Bitcoin Historian）

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 Index and Nasdaq were close to opening flat. Nvidia (NVDA. O) rose 0.6%, Oracle (ORCL. N) fell 0.2%, SpaceX (SPCX. O) rose 0.4%, and Tesla (TSLA. O) fell 0.9%. SanDisk (SNDK. O) rose 1.2% as Bernstein raised its target price for SNDK. O from $1700 to $3000.

According to Bloomberg, Zach Abrams, co-founder and CEO of Bridge, a subsidiary of Stripe, will temporarily serve as the CEO of Open Standard. Visa、Stripe、BNY Mellon、BlackRock、Klarna、Chime、Alphabet、Coinbase More than 100 fintech companies, payment networks, crypto companies, and banks have jointly established the stablecoin alliance Open Standard, planning to issue the US dollar stablecoin Open USD and integrate it into their respective systems later this year.

According to Lookonchain monitoring, there was a net outflow of 5151 BTC from the US Bitcoin ETF today, and a net outflow of 33921 BTC on the 7th; The Ethereum ETF had a net inflow of 6778 ETH and a net outflow of 119815 ETH on the 7th.

[Cathie Wood: AI and New Technologies Driving Productivity Growth, Market in Early Stages of Long-Term Growth Cycle] Ark Invest founder Cathie Wood stated that current macroeconomic data has alleviated inflation concerns, and the economy is entering a new cycle driven by productivity growth. U.S. productivity growth is approximately 3%, unit labor costs are around 0.5%, and Truflation's core CPI is close to 1.3%. The current market environment resembles the period from the 1980s to the 1990s, with technological innovations such as AI, robotics, autonomous driving, and multiomics driving productivity growth, still in their early stages.