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Citigroup: The SEC's new regulations will become the next focal point for the cryptocurrency market

Citigroup stated in its latest market strategy program that the failure of the U.S. Senate to advance the CLARITY Act for formal review did not interrupt Bitcoin's rebound. After the procedural vote on the bill was blocked, Bitcoin remained strong, indicating that funds have begun to reduce their reliance on a single legislative node and are instead focusing on whether regulatory rules can continue to move forward.Citigroup believes that the legislative blockage will limit the CFTC's ability to obtain a more comprehensive regulatory mandate for the crypto market in the short term, but the SEC can still advance some rule-making based on its existing authority. For the market, this means that the compliance process for the crypto industry still has room to continue, with the subsequent focus on the SEC's actual execution pace regarding trading, tokenized assets, and market access rules. Additionally, the macro environment remains a variable for Bitcoin's rebound.The baseline judgment of Citigroup's economic team is that this round of interest rate hikes may be close to "one and done"; however, the quantitative macro team warns that if AI investments continue to support growth, and employment and wage pressures persist, interest rates may face further upward revision risks. Citigroup views Bitcoin's position above the mid-term moving average as a signal of warming risk appetite and notes that its correlation with Nasdaq performance is worth continued tracking.

first_img Apple's new Mac mini and Mac Studio are shipping, focusing on edge AI

Apple's new Mac mini and Mac Studio began shipping on Tuesday local time. Apple emphasized to business buyers that purchasing new machines is cheaper than renting cloud computing power. The new machines support on-device AI, capable of handling high-intensity tasks like coding locally, allowing users to avoid purchasing tokens from OpenAI, Anthropic, and others. Apple's Chief Hardware Officer, Johnny Srouji, stated: Buying the device and placing it on the desk is a one-time investment, and the product offers excellent cost-performance ratio, without needing to pay per token; the machine can be used indefinitely.At the launch event, Apple demonstrated four Mac Studios working together to run a trillion-parameter AI model, searching for and fixing graphic code vulnerabilities, with the group of devices powered by a single wall outlet. The Mac Studio equipped with the M5 Ultra chip can be configured with up to 512GB of unified memory, supporting the formation of a cluster with multiple devices sharing a memory pool via RDMA. After networking four units, the distributed AI inference speed can reach up to three times that of a single machine. Apple claims that the underlying design philosophy of various chips is consistent, and on-device AI models can be deployed on high-end Mac Studios while also being compatible with entry-level iPhones and iPads.IDC analyst Linn Huang's data shows that Apple holds about 4.6% of the enterprise desktop market share, while Windows accounts for 91.3%. NVIDIA and various PC manufacturers are launching new desktops to compete directly with the new Macs, and these new Windows machines are expected to be the focus of Microsoft's Windows event in San Francisco next month.
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