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hot_img Xiaohongshu has created an "AI Shopping Guide" feature that directly pushes product cards and order links in conversation scenarios

According to an exclusive report from "Du Jia," Xiaohongshu is developing a brand new "AI Shopping Guide" feature, which relies on a conversational interaction model to directly push product cards and attach order jump links in Q&A scenarios. This project is led by Daoxuan (Pan Boyuan). As of the time of publication, Xiaohongshu has not responded.Previously, Xiaohongshu launched an AI summary feature in store reputation, and this AI shopping guide is a further extension of its intelligent transaction chain. According to public data, Xiaohongshu has approximately 400 million global MAU, with 39 million users engaging in explicit purchasing behavior daily, resulting in 140 million active purchase requests, over 47 million users entering merchant live streams, and more than 170,000 merchant group chats remaining active. During the 618 period, the GMV of store broadcasts increased by 265% year-on-year, and note content drove transaction growth of over 210%.Xiaohongshu currently adopts a dual transaction model of "internal marketplace closed loop plus external traffic diversion," and there is still room for improvement in the direct order conversion rate within the platform. The launch of the AI shopping guide feature is expected to further enhance its internal e-commerce GMV and revenue.

Coinbase CEO refutes the argument that crypto enthusiasts should turn to AI, stating that cryptocurrency is an indispensable universal infrastructure

Coinbase CEO Brian Armstrong tweeted in response to the viewpoint "If you're in the cryptocurrency space, turn to AI," stating that this is a flawed way of thinking and a zero-sum game mentality. Brian Armstrong emphasized that cryptocurrency is a universal technology, an infrastructure, just like electricity or the internet. It does not compete with the next hot technology because it supports the latter. It is "both-and," not "either-or." Artificial intelligence, as a major trend, does not diminish the importance of cryptocurrency. On the contrary, it makes cryptocurrency even more important.AI agents require their own financial infrastructure, and ultimately their daily trading volume will far exceed the total of all human trading volumes. They cannot open bank accounts, cannot wait three days to receive remittances, and they cannot reside in just one country. They need real-time programmable money (which is exactly what cryptocurrency is). Agents need to hold funds and make payments themselves. Coinbase was the first to launch the x402 protocol, Base, and USDC, which now support the vast majority of payments for agents. Agents will also participate in trading and act as financial advisors. They will raise or borrow funds for ongoing new projects. They will also save users from the tedious tasks of tax planning, portfolio rebalancing, and bill payments.

Data: Short-term Bitcoin holders still dominate buying pressure, ETF funds have seen a return but the trend reversal cannot be confirmed

CryptoQuant analyst Axel Adler stated that the recently launched "Bitcoin Short-Term Holder Realized Pressure Model" shows that the buying and selling pressure from short-term holders is slightly cooling down, but buying power remains dominant. This model measures the changes in market bullish and bearish forces by comparing the realized buying pressure and selling pressure of short-term holders. During a bear market phase, this indicator can serve as a contrarian signal: when prices approach local lows, buyers are usually more active; when approaching local highs, selling pressure tends to increase. In the past 24 hours, the model has not shown any trend reversal signals. The latest hourly data shows that the buying pressure score is 28.57, slightly down from the previous day's 28.98; the selling pressure score is 22.62, a slight decrease from the previous 22.68. Currently, buyers are still leading sellers by about 5.94 percentage points.Overall, market buying pressure has cooled down, but short-term holders still maintain a buying advantage. Meanwhile, the funding situation in the Bitcoin ETF market has slightly improved. Following eight consecutive weeks of outflows, the ETF market recently recorded a net inflow of approximately $197.4 million. However, Adler pointed out that this scale is insufficient to confirm a reversal in institutional demand trends. Currently, the 30-day fund flow momentum for ETFs remains deeply negative, at about -$4.73 billion, and the cumulative fund size has fallen from a peak of about $62 billion to around $51 billion, indicating some improvement in short-term funds, but institutional buying demand has not fully recovered. Axel Adler expects that next week the market will face several important data and events, including further developments in the Middle East situation, the impact of the US-Iran conflict on energy supply, as well as earnings reports from major US banks, speeches from Federal Reserve Chairman Warsh, the June Consumer Price Index (CPI), the University of Michigan Consumer Sentiment Index, retail sales, and real estate market data.
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