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According to LatePost, ByteDance is adjusting its AI resource allocation strategy, shifting its focus from consumer-facing products like "Doubao" to products that serve enterprise clients. This change is partly influenced by the high operational costs of AI and challenges to existing business models.It is reported that "Doubao" has over 200 million daily active users, but due to the enormous computational costs associated with inference and multimodal capabilities, it incurs daily expenses of tens of millions, while its monetization channels, such as e-commerce, generate less than one million daily. In contrast, ByteDance's video generation model Seedance demonstrates strong profitability. Thanks to its efficient MoE architecture (200 billion parameters) and relatively low reliance on inference computing power, Seedance 2.0 currently has a gross margin of 70%, with the vast majority of its revenue coming from enterprise clients, and its current annual recurring revenue (ARR) has reached 2 billion dollars.Insiders reveal that ByteDance's large model data review team has expanded to over 3,000 people this year, primarily to clean training data for programming models. Meanwhile, the MaaS business of Volcano Engine has also been placed in a more important position, with ByteDance's top management setting a goal to increase revenue tenfold and accelerate international expansion. Additionally, ByteDance executives recently visited Anthropic, which has achieved significant growth in both revenue and valuation through enterprise-level AI programming services, providing a reference for ByteDance's strategic adjustments.

Former co-founder of Multicoin Capital, Kyle Samani, posted on X revealing: "For those wondering what my next plan is, I am developing a consumer product."It is worth mentioning that Solana founder toly retweeted this post, which may imply that the product has some connection to Solana.

Senator Lummis stated that the CLARITY Act will end the regulatory ambiguity faced by American crypto consumers and the industry.

According to Jinshi reports, Federal Reserve's Goolsbee stated that the worst part of the April Consumer Price Index is the inflation in the service industry.

According to Jinshi reports, a survey by the New York Fed shows that despite the new price pressures brought by the Iran war, U.S. consumers' long-term inflation expectations remained stable in April. Inflation expectations for the next 12 months have slightly increased, but there has been no change in inflation expectations for the next three or five years compared to the March survey, indicating that consumers believe the price shocks from the war will be temporary. The survey also showed that consumers feel uneasy about the labor market, believing there is a 44% probability of an increase in the unemployment rate over the next 12 months, the highest level in a year.

According to Fortune, Solana ecosystem infrastructure project Jito plans to launch a user-facing trading application JTX in July, officially entering the consumer trading market. The application will initially support spot trading, with plans to later integrate perpetual contracts and prediction market features.Jito CEO Lucas Bruder stated that the company will no longer rely solely on third parties to build products on its infrastructure, but will actively expand user-facing applications. Jito previously received a $50 million investment from venture capital firm a16z Crypto in 2025.

According to Jinshi reports, Federal Reserve's Goolsbee stated that GDP growth was unexpectedly strong, and consumer spending is also progressing steadily.

According to Cointelegraph, Telegram CEO Pavel Durov called WhatsApp's end-to-end encryption a "huge consumer fraud." He pointed out that about 95% of private messages ultimately end up stored in unencrypted backups on Apple and Google servers.Durov believes that this situation puts users' privacy at risk. Although WhatsApp claims that its message transmission process uses end-to-end encryption, the actual backup mechanism fails to ensure the complete encryption of user information. This statement has raised industry concerns about the privacy protection measures of mainstream messaging applications.

According to Cointelegraph, Visa has launched the "Intelligent Commerce Connect" service, which supports AI agents to complete purchase payments on behalf of consumers in commercial scenarios worldwide.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that persistently high energy prices will weigh on consumer and business spending.

Tether CEO Paolo Ardoino revealed that the Tether AI team has released a new version of QVAC Fabric, which integrates the cross-platform BitNet LoRA framework, enabling the training and inference of billion-parameter large models on consumer-grade GPUs and smartphones.The new version of QVAC Fabric LLM has achieved cross-platform operation of BitNet LoRA fine-tuning and inference on AMD, Intel, Apple Metal, and mobile GPUs for the first time. On flagship devices, GPU inference speed is improved by 2 to 11 times compared to CPU, and memory usage is reduced by up to 90% compared to full precision models. The Tether team has completed fine-tuning of models with up to 3.8 billion parameters on flagship smartphones such as Pixel 9, S25, and iPhone 16, and has achieved fine-tuning of models with up to 13 billion parameters on the iPhone 16. The related code has been open-sourced to GitHub.

Mizuho analysts stated that if payment company Stripe advances a potential acquisition deal for PayPal, it will help them further expand from traditional merchant payment business into the consumer market.Previously, there were reports that Stripe is considering acquiring all or part of PayPal's business. In terms of scale, the deal is feasible. Stripe's latest valuation is approximately $159 billion, significantly higher than PayPal's market value of about $43 billion. Analysts believe that PayPal's large user base and its peer-to-peer payment app Venmo will provide Stripe with strong consumer brand and user network support. Additionally, PayPal's Braintree merchant payment infrastructure may also enhance Stripe's competitiveness in the payment processing market. Analysis indicates that Braintree could bring Stripe approximately $700 billion in total payment volume (TPV), while Stripe's current annual TPV is about $1.4 trillion.

According to Jin10, Chris Turner from ING stated in a report that if the upcoming U.S. economic data shows weakness, the dollar may face downward pressure. The preliminary consumer confidence index for February from the University of Michigan will be released at 23:00 Beijing time tonight. Turner noted that if this data unexpectedly declines, it could pose a slight bearish risk to the dollar, as it would once again remind the market that consumer confidence is somewhat dependent on stock market performance.

New York Attorney General Letitia James, along with four local district attorneys in the state, recently sent a letter to several Democratic lawmakers criticizing the "GENIUS Stablecoin Act," which was signed into law by Trump last year, for significant flaws in consumer protection, particularly its failure to require stablecoin issuers to return stolen funds in the event of theft.The letter specifically names Tether (USDT) and Circle (USDC), arguing that the two major stablecoin issuers can still earn interest on related assets after funds are stolen, while victims lack effective recourse. New York prosecutors pointed out that although the act grants stablecoins greater "legitimacy endorsement," it does not simultaneously strengthen key regulatory requirements such as anti-terror financing, anti-money laundering, and prevention of crypto fraud. The GENIUS Act is currently entering the implementation phase, requiring stablecoins to be fully backed by U.S. dollars or highly liquid assets and mandating annual audits for issuers with a market capitalization exceeding $50 billion. However, New York prosecutors believe these measures are still insufficient to address the widespread use of stablecoins in illegal fund transfers.According to Chainalysis data, approximately 84% of illegal crypto transaction volume will involve stablecoins by 2025, prompting New York to call for further strengthening of the regulatory framework to better protect consumer rights.

The UK's Financial Conduct Authority (FCA) has entered the final stage of its regulatory consultation for cryptocurrency companies and is seeking feedback on how its consumer duty rules apply to crypto asset firms, with a deadline of March 12. The FCA plans to open the application process for crypto asset licenses in September 2026.Consumer duty is a regulation from the UK's Financial Conduct Authority (FCA) aimed at setting high standards for how financial firms treat retail customers. The regulation requires firms to act with integrity, avoid causing foreseeable harm, and help people achieve their financial goals. Companies must provide clear information, fair pricing, and support throughout the entire customer journey (not just at the point of transaction).