📢 Crypto Industry Update
1️⃣Caixin reports that a Chinese crypto investor lost over RMB 60M (~$8M) in a scam in the U.S.
2️⃣The Wall Street Journal reports that OpenAI is considering significant price cuts amid intensifying competition with Anthropic.
3️⃣U.S. AI-related stocks closed lower, with Super Micro Computer (SMCI) down over 27.98%.
🔥 Trending Now
1️⃣The crypto market broadly declined; the NFT sector surged nearly 30% against the trend.
2️⃣HYPE fell below $53, down over 6% intraday.
3️⃣U.S. Bitcoin spot ETFs recorded $214M in net outflows, marking four consecutive days of outflows.
🔍 Summary
Market weakness persists with continued ETF outflows, though sharp NFT gains highlight pockets of speculative momentum.