bubble

According to a report by 21 Finance, Huang Zhenxin, the head of Kimi B-end at Moonshot AI, stated in a recent communication meeting that there is indeed a bubble in the current AI industry, but the fundamentals are very solid. Enterprises can now clearly calculate the return on investment (ROI), and the substantial transformation in productivity brought by AI has already occurred.Regarding the recent phenomenon of widespread price increases among model vendors, Huang Zhenxin pointed out that the core reason lies in the rising global computing power costs, and chip production capacity cannot meet the explosive growth in Token demand. He emphasized that evaluating the cost-performance ratio of models should not only look at the unit price of input and output but should also focus on the Cache hit rate. It is reported that Kimi's original factory Cache hit rate has reached over 90%, significantly reducing actual computing costs.In addition, Huang Zhenxin revealed that Kimi will continue to challenge innovations in underlying architecture to sustain the Scaling Law, and its Muon optimizer, which has been validated on a large scale, is now widely adopted by several mainstream large models in the industry. Regarding the "last mile" of enterprise AI implementation, he believes that as the foundational capabilities of models continue to strengthen, the technical paradigms at the application layer will also continue to simplify.

The Bank for International Settlements (BIS) warned in its latest annual report that the bursting of the AI bubble, a rebound in inflation, and sovereign debt pressures are the three core risks currently threatening global economic prosperity. The report pointed out that if the returns on investment in the AI sector fall short of expectations, it could lead to the current capital expenditure boom evolving into a long-term investment contraction, triggering significant macroeconomic turbulence.The BIS specifically cautioned about the complex "circular financing" model within the AI industry chain, such as cross-shareholding and computing power binding procurement agreements between chip manufacturers and AI laboratories or cloud service providers. The institution emphasized that such transactions often lack transparency and pose the risk of the same asset being mortgaged multiple times. In addition, energy shocks caused by geopolitical conflicts could trigger a secondary rebound in inflation, compounded by high-leverage arbitrage trading by hedge funds in the government bond market, which would further exacerbate the fragility of the global financial system.

Bitwise CEO Hunter Horsley posted on the X platform, "In the 1990s, the internet was just emerging. Almost every idea seemed feasible. Hundreds of companies reached valuations of 500 million to 1 billion dollars based on these possibilities. By the early 21st century, that optimism faded. There were no longer hundreds of companies competing. Instead, a few companies that truly proved their worth thrived. Because they succeeded with demonstrable value, they operated longer and were larger in scale than in the previous cycle. The cryptocurrency sector is also undergoing a similar transformation. The number of winners will decrease, but the winners will stand out due to their demonstrable value. Their scale will be larger, and their operating time will be longer than people expect."

According to BusinessInsider, billionaire investor and hedge fund founder of Third Point, Dan Loeb, stated in a podcast that current market concerns about the "bubble theory" of artificial intelligence (AI) are greatly exaggerated, and the development stage of the AI industry is completely different from that of the internet bubble period.Loeb pointed out that technology giants, including Alphabet, Microsoft, Amazon, and Meta, have collectively exceeded $700 billion in capital expenditures this year, which may reach $1 trillion next year, with the vast majority allocated for AI infrastructure development. He stated that to believe these capital expenditures will not yield returns is equivalent to thinking that companies are "burning money for no reason," but currently, these companies have strong profitability and ample cash flow, allowing them to support investments with their own balance sheets.Loeb emphasized that this is different from the situation during the internet bubble when "valuations detached from fundamentals," and does not constitute a traditional valuation bubble. He also mentioned that AI companies like Anthropic are experiencing rapid revenue growth and accelerated product applications, indicating that the industry is still in the early stages of expansion.Reports indicate that Anthropic's latest financing valuation is nearing $965 billion, with annualized revenue jumping from $14 billion to $47 billion, further strengthening market confidence in the commercialization potential of AI.However, there are still some investors in the market, including Michael Burry, who express concerns about the overheated valuations of AI, believing that massive investments may struggle to yield corresponding returns. Loeb, on the other hand, stated, "We haven't even scratched the surface of AI development," and believes that we are still in the early stages of long-term growth.

According to The Block, Standard Chartered Bank believes that the recent sharp decline in ETH prices does not reflect the continuous improvement of internal indicators on the Ethereum network, comparing it to Amazon's phase after the tech bubble burst in 2001. The bank maintains its ETH price targets: $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to about 0.08 by the end of this decade.The bank stated that Ethereum dominates the stablecoin and RWA (real-world asset tokenization) sectors, expecting the market value of both stablecoins and non-stablecoin RWAs to increase to about $2 trillion by 2028, which will drive Ethereum's trading volume and TVL to new highs, pushing ETH prices upward.

DAPPOS officially launched the universal Agent product xBubble. This product is mainly aimed at users without a technical background, with the core advantage of delivering stable productivity results with fewer prompts, conversation rounds, and debugging times.According to reports, xBubble will automatically recommend dedicated Agents to complete users' tasks and will pre-generate these dedicated Agents using its self-developed Bubble Engine. Compared to universal Agents, these dedicated Agents have more stable performance for specific tasks and can complete tasks stably with minimal input.In terms of functionality, the product offers 10+ core capabilities upon launch, covering mainstream AI product features such as image, video, document, and website creation, and supports both local and cloud-based operation.DAPPOS's official blog stated that AI has the ability to effectively use AI on its own, and with xBubble, users can effectively use AI without needing to learn about it.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that, as expected, with the end of the war, there is no reason for both the U.S. and Iran to continue fighting. The market has rebounded as anticipated to above $80,000, and a gradual liquidation strategy will be adopted. According to expectations, $60,000 may not be the bottom of this round, but U.S. stocks and even A-shares are continuously hitting new highs led by AI. Hynix and Samsung have both surpassed a trillion in profits, and in the future, everyone will consume tokens daily, as essential as eating and drinking.In the long term, there is no bubble in AI, but in the short term, it is uncertain whether there will be a black swan event. Buffett is frantically hoarding cash for a reason. If there is indeed an opportunity to bottom out at $50,000, then there will be a fourfold opportunity in the next crypto bull market. As for the abundant opportunities in AI, some cryptocurrency miners have transitioned to AI computing power, cryptocurrency entrepreneurs have become AI founders, and even trading platforms have started AI Trading. Investors should also properly allocate AI equity and stocks.

The on-chain analysis platform Bubblemaps posted on platform X, indicating that the token MYSTERY may have experienced highly concentrated control behavior during its initial launch, describing it as a "textbook scam."Bubblemaps disclosed data showing that about 90 created wallets seized approximately 90% of the supply when MYSTERY launched and continued to sell off in subsequent stages, having cashed out over $100,000 while still holding about 40% of the token supply. Additionally, there were obvious characteristics of "bundled distribution" and centralized control during the launch phase of the token, and some KOLs promoting the token were also accused of engaging in paid promotion activities.

The on-chain analysis platform Bubblemaps released the latest data on platform X, showing that the MEGA airdrop covered a total of 8,360 wallet addresses, with the distribution as follows:50% of wallets still hold all airdropped tokens40% have sold all10% have partially reduced their holdingsCurrently, the fully diluted valuation (FDV) of MEGA is approximately $1.7 billion.

According to Bubblemaps monitoring, a single entity has captured 40% of the total distribution of the token ROBO from the robot network protocol Fabric through a "witch attack" during the airdrop.Bubblemaps tracked over 7,000 new wallets exhibiting completely consistent on-chain activity. These wallets received similar amounts of Ethereum from 7 exchanges two months before the token launch and claimed the airdrop after transferring through three layers of new wallets, totaling approximately 199 million ROBO, which was worth about 8 million dollars at the opening on February 27.Bubblemaps stated that there is currently no evidence linking this activity to the core teams of Fabric or OpenMind.

According to Cointelegraph, Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated on social media that the "bubble burst" of traditional finance is imminent and predicted that Bitcoin will rise to $750,000 within a year after the bubble bursts.Kiyosaki also predicts that gold will rise to $35,000 per ounce, a 546% increase from its historical highest closing price, while the $750,000 target price for Bitcoin represents a 500% increase from its historical high. Analysts point out that Kiyosaki's Bitcoin to gold ratio is 21.5, significantly lower than the historical high of 40 in December 2024, and below the current 22 of the 200-day moving average.Kiyosaki has been predicting an economic collapse since 2011, but many of his predictions have not come true, such as predicting a stock market crash in 2016 in 2015, while the S&P 500 actually rose 9.5% that year; in May 2024, he claimed that "the largest crash in history has begun," but since then, both the stock market and precious metals have recorded gains.

According to monitoring by the blockchain data analysis platform Bubblemaps, six suspected insiders placed bets hours before the U.S. launched military strikes against Iran, profiting approximately $1.2 million.Most of these wallets received funding in the past 24 hours, specifically targeting bets placed on February 28, and bought the "yes" option hours before the attack occurred.