AI infrastructure investment boom cools down, funds may flow into cryptocurrency assets

Bloomberg senior ETF analyst Eric Balchunas said that the US stock market is becoming the de facto retirement fund in the US, with about 55% of Americans holding stocks, and Trump Accounts plans to add about 28 million new investors. Eric Balchunas believes that in the next major bear market, the Federal Reserve has a high probability of purchasing stock ETFs for the first time to stabilize the market, similar to its purchase of corporate bond ETFs in 2020, as well as the practices of the central banks of Japan and China.

According to GlobeNewswire, cryptocurrency exchange Gemini has launched a 0% commission US stock trading service in the United States, supporting eligible regional users to trade thousands of US exchange listed securities through the Gemini App. Nasdaq provides real-time market data, while Apex Clearing is responsible for custody and clearing. Gemini has obtained the DCO and DCM licenses from CFTC and has been approved by FINRA to become an introduced broker, allowing them to introduce all NMS securities trading to clearing broker Apex.

The one-year inflation expectation of the New York Fed in June is 3.67%, up from 3.46%.

According to Bloomberg, the development of quantum computing technology may pose a threat to the security of Bitcoin, with Galaxy Digital estimating that approximately 34% of circulating Bitcoin, worth around $470 billion, is at risk of potential cracking. Coinbase has established an advisory committee, and Michael Saylor's Strategy has also initiated related risk projects.

According to Onchain Lens monitoring, BlackRock withdrew 2979 ETH worth $5.26 million from Coinbase Prime.