Tom Lee: Cryptocurrency market has hit bottom

Bitcoin miners and artificial intelligence infrastructure company Ionic Digital have completed a direct listing on NASDAQ, with a first day trading price of $53, a 9% increase, and a valuation of $2 billion. Its main asset is the Ward County mine located in Texas, USA. （Bitcoin Archive）

The Federal Reserve accepted a total of $1.126 billion from three counterparties in its fixed rate reverse repurchase operation.

Robinhood CEO Vlad Tenev stated that hackers used social engineering to attack X customer support and bypass 2FA verification, resulting in the theft of their X account and the posting of false memecoin content. （Cointelegraph）

The CEO of Bitwise announced on X platform that one of the world's largest wealth management companies has opened the Bitwise Solana Staking ETF BSOL to its advisors and clients.

According to Cointelegraph, Bitcoin fell below the key support level of $63000, hitting a near 10 day low, due to the sharp decline in Asian chip stocks and pressure on the US technology sector. The global technology stock sell-off has spread to the US market, and the adjustment of technology stocks is due to investors' concerns about the return on investment in AI infrastructure. The market questions the sustainability of capital expenditures and AI investment returns of large-scale cloud computing enterprises.