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FAMEEX Daily Highlights | Google Invests $300M In Artificial Intelligence Start-Up Anthropic

2023-02-06 17:20:50

Top Trending Crypto News Today

Crypto Requires "Parent Supervision" and Upheaval to "Grow Up"According to the Co-Founder of Microstrategy
Michael Saylor, the co-founder of Microstrategy, believes that high-profile crypto bankruptcies and a severe price drop are unavoidable evils that will help the sector flourish. However, more regulation is required.

Google invests $300M in AI firm previously funded by Sam Bankman-Fried
Google Cloud reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also received over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed. As for the partnership, Anthropic will now utilize Google Cloud’s GPU and TPU clusters to train, expand, and implement its AI chatbox, called “Claude” — similar to that of OpenAI’s ChatGTP. Google Cloud received about a 10% stake in Anthropic, according to Financial Times. (Source: Cointelegraph)

Daily Crypto Market Analysis - Growing and Forecast

Yesterday, 79.44M USDT longs and 15.11M USDT shorts were liquidated on the entire network. The net liquidation was 64.33M USDT longs. Yesterday's total liquidation amount increased slightly, and the market activity saw a slight increment.

The Fear & Greed index fell slightly to 58, the market sentiment was stable, and the overall atmosphere turned cautiously optimistic.

Bitcoin Ahr999 has dropped slightly to 0.59, and is now above the bottom line (0.45) and below the DCA line (1.2). The numbers reflect that the current short-term trend is no longer so weak, but the long-term trend is still a bear market.

In the last trading day, the three major US stock indexes all fell. The DJI was relatively strong, down -0.38%, the S&P 500 was down -1.04%, and the Nasdaq was the weakest, plunging -1.59%. The two major cryptocurrencies both fell yesterday, with BTC and ETH down -1.31% and -1.78% respectively.

In terms of data, the U.S. non-farm payrolls surged by 517,000 in January, exceeding expectations by 185,000. The unemployment rate fell slightly to 3.4% in January, a 53-year low, indicating strong job market growth.

The ISM Services PMI for the U.S. jumped to 55.2 in January from a contraction of 49.6 in December, far exceeding expectations for a rebound of 50.3, the largest monthly increase since mid-2020, highlighting the recovery in consumer demand.

In terms of politics and economy, President of the U.S. Joe Biden praised the non-farm payrolls after the release of the data: "Today’s report is great news for our economy and more evidence that my economic plan is working.” The market expects the Fed to raise interest rates by 25 bps in March, up from 82.7% previously to more than 99%.

All mainstream cryptocurrencies fell yesterday, ranging from -0.18% to -3.49%. Among them, SHIB was the weakest, plunging -3.49%. And ADA was the strongest, down only -0.18%. The two major cryptocurrencies both fell, with BTC and ETH down -1.31% and -1.78% respectively.

Looking at BTC from the 4-hour candles, after losing the challenge to the 24000 barrier, the shorts have taken the initiative and pushed the price all the way back down below 23,000. In addition, the current price has fallen below MA7, MA25 and MA99, and the moving average has changed from support to pressure. Could observe whether the previous support price of 22,500 will be broken. If this level can be held firmly, there is hope for the long-side to counter-attack.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FAMEEX's official view.

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