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CITIC Construction Investment: Although the logic of AI computing power remains optimistic, volatility has intensified; it is recommended to be cautious in chasing high prices

CITIC Construction Investment Research Report points out that the following factors will determine the trend of the third quarter market: In terms of fundamentals, AI computing power remains at a high level of prosperity, with mid-year performance and overseas financial reports worth paying attention to. At the same time, since April, under pressure from the macro economy, the economic measures from the Politburo meeting in July are quite important; In terms of liquidity, external disturbances have increased, while internal conditions remain neutral; In terms of risk appetite, geopolitical events and the listing of industry giants will cause short-term fluctuations in the market. Considering the global tech stock correlation effect, major overseas computing powers such as Japan, South Korea, and the United States also need to be continuously monitored.In terms of industry allocation, although the logic of AI computing power remains unchanged, volatility has intensified. It is recommended to be cautious about chasing highs and to position during pullbacks; lithium batteries are expected to welcome a peak season, and energy storage demand continues to warm up, while new energy presents opportunities for phased valuation recovery; dividends are expected to rebound from oversold conditions, with relatively high cost-performance ratios. Key areas to focus on: banks, coal, public utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC), etc.

first_img Survey: More than half of British wealth advisors say clients' cryptocurrency assets are not within their management scope, mainly due to company policy restrictions

According to The Block, a survey by CoinShares of 261 wealth management professionals in Europe shows that 52% of UK wealth advisors indicate that most of their clients' crypto asset exposure is outside their management scope (with a management gap exceeding 50%), while the overall percentage in Europe is one-quarter.The report points out that this "management blind spot" is primarily driven by company policies rather than a lack of advisor knowledge or client demand. In companies with explicit restrictions or a lack of internal guidance, the proportion of advisors actively recommending crypto assets is only 1%, while the management gap reaches 34%; in contrast, in companies with clear support, the recommendation rate is 48%, and the management gap is only 4%.The survey also found that the changes advisors most want to see are regulatory recognition of digital assets as a mainstream asset class (45%) and access to exchange-traded products (ETPs) (43%), rather than purely educational training.Currently, the UK's Financial Conduct Authority (FCA) has proposed allowing authorized funds to hold up to 10% in crypto ETPs, and the European regulatory environment is gradually shifting towards support, which may help narrow this management gap.

Healthcare AI startup Prosper AI has completed a $30 million Series A funding round, led by a16z

According to Techfundingnews, the medical AI startup Prosper AI announced the completion of a $30 million Series A funding round, led by Andreessen Horowitz (a16z), with participation from Base10 Partners, Emergence Capital, Y Combinator, and others. After this round of financing, the company has raised a total of approximately $36.6 million.Prosper AI focuses on covering the entire patient visit process through AI voice agents, including appointment scheduling, insurance verification, communication with insurance companies, and billing processing. It has currently served over 150,000 medical institutions. The company stated that the U.S. healthcare system wastes over $450 billion annually due to administrative processes, and its AI system can handle key processes from appointment to payment on a single platform, reducing the costs for medical institutions associated with switching between different systems.It was reported that Prosper AI's revenue has grown approximately five times since the last funding round in September of last year, and it has established partnerships with large healthcare IT platforms such as Athenahealth and ImagineSoftware. Investor a16z noted that healthcare institutions are shifting from "point automation tools" to "end-to-end process automation," and Prosper's goal is to eliminate all administrative friction between patient care and payment.
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