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cc Hits New High of 0.1601 USDT, Up 5.33% in 24H

【cc soared to 0.1602 USDT, a new high with a 24-hour increase of 5.33%. It currently trades at 0.1601 USDT on HTX.】cc Hits New High of 0.1601 USDT, Up 5.33% in 24H

cc soared to 0.1602 USDT, a new high with a 24-hour increase of 5.33%. It currently trades at 0.1601 USDT on HTX.

zest Surges 24.08% in 24H, Currently at 0.130007 USDT

【zest currently trades at 0.130007 USDT, up 24.08% in 24h, according to HTX market data.】zest Surges 24.08% in 24H, Currently at 0.130007 USDT

zest currently trades at 0.130007 USDT, up 24.08% in 24h, according to HTX market data.

mega Surges 10.07% in 24H, Currently at 0.0907 USDT

【mega currently trades at 0.0907 USDT, up 10.07% in 24h, according to HTX market data.】mega Surges 10.07% in 24H, Currently at 0.0907 USDT

mega currently trades at 0.0907 USDT, up 10.07% in 24h, according to HTX market data.

zest Surges 10.71% in 24H, Currently at 0.133177 USDT

【zest currently trades at 0.133177 USDT, up 10.71% in 24h, according to HTX market data.】zest Surges 10.71% in 24H, Currently at 0.133177 USDT

zest currently trades at 0.133177 USDT, up 10.71% in 24h, according to HTX market data.

zest Surges 10.31% in 24H, Currently at 0.128273 USDT

【zest currently trades at 0.128273 USDT, up 10.31% in 24h, according to HTX market data.】zest Surges 10.31% in 24H, Currently at 0.128273 USDT

zest currently trades at 0.128273 USDT, up 10.31% in 24h, according to HTX market data.

On May 21, Goldman Sachs released a research report indicating that Alibaba (09988.HK) is entering a new phase of significant investment in the AI agent era, as evidenced by the first day of the Alibaba Cloud Summit held in Hangzhou and the chairman and CEO's letter to shareholders released on the same day. Management emphasized that the industry is at a critical turning point in the development of Artificial General Intelligence (AGI), where a large number of AI agents driven by model-generated tokens will take on a greater share of work and become the primary interface between humans and the digital world. The firm believes that a series of AI agent product offerings can support Alibaba's recently proposed annual recurring revenue (ARR) target for MaaS, aiming to reach 10 billion RMB in the June quarter and 30 billion RMB by the end of fiscal year 2027. Goldman Sachs believes that Alibaba's current valuation does not fully reflect its comprehensive AI layout and international cloud potential, expecting the group to increase investments in the AI enterprise and consumer sectors over the next 12 to 24 months while achieving double-digit profit growth. The firm maintains a buy rating on Alibaba and places it on the Asia-Pacific conviction buy list, with a 12-month target price of HKD 180.

[Goldman Sachs: Alibaba Cloud Summit and Chairman's Letter Signal Positive Developments in AI Opportunities]On May 21, Goldman Sachs released a research report indicating that Alibaba (09988.HK) is entering a new phase of significant investment in the AI agent era, as evidenced by the first day of the Alibaba Cloud Summit held in Hangzhou and the chairman and CEO's letter to shareholders released on the same day. Management emphasized that the industry is at a critical turning point in the development of Artificial General Intelligence (AGI), where a large number of AI agents driven by model-generated tokens will take on a greater share of work and become the primary interface between humans and the digital world. The firm believes that a series of AI agent product offerings can support Alibaba's recently proposed annual recurring revenue (ARR) target for MaaS, aiming to reach 10 billion RMB in the June quarter and 30 billion RMB by the end of fiscal year 2027. Goldman Sachs believes that Alibaba's current valuation does not fully reflect its comprehensive AI layout and international cloud potential, expecting the group to increase investments in the AI enterprise and consumer sectors over the next 12 to 24 months while achieving double-digit profit growth. The firm maintains a buy rating on Alibaba and places it on the Asia-Pacific conviction buy list, with a 12-month target price of HKD 180.

Goldman Sachs: Alibaba Cloud Summit and Chairman's Letter Signal Positive Developments in AI Opportunities

On May 21, spot gold touched $4,530 per ounce, rising over $50 for the day, an increase of 1.12%.

[Spot Gold Reaches $4,530/Ounce, Up Over $50 for the Day]On May 21, spot gold touched $4,530 per ounce, rising over $50 for the day, an increase of 1.12%.

Spot Gold Reaches $4,530/Ounce, Up Over $50 for the Day

On May 21, the Administrator of the Federal Aviation Administration (FAA) revealed on Wednesday that SpaceX is proposing an ambitious plan to achieve 10,000 launches per year within five years. However, the agency stated that before approving such an expansion plan, government officials need to see improvements in reliability. In January of this year, SpaceX also announced its plan to launch and assemble a constellation of one million satellites that will orbit the Earth and use solar power to supply energy to artificial intelligence data centers.

[SpaceX Plans to Achieve 10,000 Launches Annually Within Five Years]On May 21, the Administrator of the Federal Aviation Administration (FAA) revealed on Wednesday that SpaceX is proposing an ambitious plan to achieve 10,000 launches per year within five years. However, the agency stated that before approving such an expansion plan, government officials need to see improvements in reliability. In January of this year, SpaceX also announced its plan to launch and assemble a constellation of one million satellites that will orbit the Earth and use solar power to supply energy to artificial intelligence data centers.

SpaceX Plans to Achieve 10,000 Launches Annually Within Five Years

On May 21, according to Onchain Lens monitoring, as HYPE continues to rise, a whale address (0x842) has increased its short position on HYPE fivefold to 353,832 HYPE, valued at approximately $20 million, with an unrealized loss now exceeding $1.88 million. The address also sold an additional 61,044 HYPE, bringing the total amount sold to 125,444 HYPE, with a total value of about $6.5 million and an average selling price of $52.

[Whale Increases Short Position on HYPE Worth Approximately $20 Million, Unrealized Loss Exceeds $1.88 Million]On May 21, according to Onchain Lens monitoring, as HYPE continues to rise, a whale address (0x842) has increased its short position on HYPE fivefold to 353,832 HYPE, valued at approximately $20 million, with an unrealized loss now exceeding $1.88 million. The address also sold an additional 61,044 HYPE, bringing the total amount sold to 125,444 HYPE, with a total value of about $6.5 million and an average selling price of $52.

Whale Increases Short Position on HYPE Worth Approximately $20 Million, Unrealized Loss Exceeds $1.88 Million

According to Cointelegraph, the metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market. In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows. The average price per parcel of virtual lands across the six major Ethereum metaverse projects dropped from approximately $17,000 in January to around $2,500 in August, or 85% decline. On a weekly average, the volume, which represents the amount of lands (derived in currency) traded, has dropped from its peak of $1 billion in November 2021 to approximately $157 million in August 2022.

Detail

【Virtual land prices crash 85% amid waning interest】According to Cointelegraph, the metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market. In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows. The average price per parcel of virtual lands across the six major Ethereum metaverse projects dropped from approximately $17,000 in January to around $2,500 in August, or 85% decline. On a weekly average, the volume, which represents the amount of lands (derived in currency) traded, has dropped from its peak of $1 billion in November 2021 to approximately $157 million in August 2022.

Virtual land prices crash 85% amid waning interest

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Virtual land prices crash 85% amid waning interest

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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