Most popular US stocks declined, with SK Hynix shares falling 1.57%

Odaily reports, according to OKX market data, BTC has fallen below 84000 USDT, now trading at 83978.9 USDT, with a 24H decline of 2.27%.

Odaily: US cryptocurrency exchange Coinbase has had its membership terminated by UK Finance, the UK financial services lobbying group. Sources familiar with the matter said the UK Finance board wrote to Coinbase last week to notify it of the termination. The report noted that the move comes as the digital asset industry's influence in UK policy discussions is growing. (Bloomberg)

Odaily reports, according to Coinglass data, total liquidations across the network amounted to $230 million in the past hour, of which long liquidations were $223 million and short liquidations were $7.35 million. In addition, ETH liquidations reached $59.91 million, and BTC liquidations reached $60.88 million.

Odaily reports that Alexander Pack, co-founder of Hack VC, posted on X platform stating that Hack VC has had no direct contact with Hsin-Ju for over 10 months. He currently does not know the specific circumstances of her passing and has no further information, and called on all parties to respect those who are experiencing grief. Alexander Pack said the team was shocked and saddened by the news of Hsin-Ju's passing, and expressed their condolences to her family, friends, and all those who were close to her.

Odaily News: The AI boom has once again gained market funding support. Investors who had previously questioned AI investment returns and worried about excessively high tech stock valuations are now readjusting their views.As major tech companies continue to increase AI infrastructure spending and related companies maintain resilient performance, the market is beginning to search for the next stage of growth pathways in the AI industry.Over the past year, debates surrounding artificial intelligence have persisted. On one hand, companies such as Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), and Google (GOOGL) have continued to invest hundreds of billions of dollars in building AI computing infrastructure, driving demand growth in chips, cloud computing, and data centers; on the other hand, some investors believe that while AI capital expenditure is enormous, actual commercial returns for enterprises still need time to be verified, and tech stock valuations have already priced in excessive optimism.Recent market performance shows that capital is flowing back into AI-related assets. Investors who had previously bet that the AI rally was overdone and that tech stocks would face a correction are now reducing their bearish positions, with some traders beginning to look for new upside potential. (WSJ)

Odaily: As markets bet on further interest rate hikes from the Federal Reserve, the dollar rose to its highest level against a basket of currencies since late July. The Fed raised rates by 25 basis points last week and signaled at least one more hike this year, with the dollar finding support as rate hike expectations continue to build. During European afternoon trading, a renewed rise in energy prices also boosted the dollar, with Brent crude climbing back above $100 per barrel.Due to the dollar's safe-haven properties and the United States' status as a net oil exporter, rising energy prices typically benefit the dollar. However, with rate expectations becoming the dominant factor, the dollar's sensitivity to oil price fluctuations has diminished. "The medium- to long-term dollar strength we had forecast may finally be starting to materialize," Standard Chartered strategist Steve Englander said in a report. (Jinshi)