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Crypto

Bitcoin dominance deepens as altcoin rebound hinges on BTC gains

Expectations are growing that bitcoin must break higher before altcoins can escape broad selling pressure. Market maker Wintermute and crypto trading platform Phemex said funds have been moving out of altcoins into bitcoin, with capital concentrating in major tokens such as bitcoin and ether. Analysts flagged $82,500 as a key bitcoin level and said a drop below it could reopen $70,000. U.S. inflation data and risk-asset weakness added pressure.

Finance

Tech stocks stumble on Tesla outlook as China shares slip into bear market

Selling spread across global markets led by technology shares, with U.S. stock index futures down and Asian and European markets broadly weaker. Investors focused more on outlook than earnings as semiconductor shares came under pressure. Tesla shares fell in premarket trade despite beating forecasts, while China’s CSI300 entered a bear market. Long-term money flows into China increased, and AI infrastructure demand remained in focus.

AI & Enterprise

Jensen Huang says no memory glut in 2029, rebuts fears over memory stocks

Nvidia CEO Jensen Huang (젠슨 황) said he does not expect a significant chance of a memory oversupply in 2029. He said that while memory stocks have fallen sharply, demand for memory in artificial intelligence and data centres will keep increasing. He also said high-bandwidth memory will continue to be used for years, and that Nvidia introduced LPDDR used in phones to data centres and will use it in large volumes.