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突發:比特幣幾乎突破94,000美元
在過去40小時內上漲了10,200美元。
在過去2天內,超過10億美元的槓桿空頭和多頭已被清算。
$BTC
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A historic wave of tech CapEx is transforming the entire market: The CapEx-to-depreciation ratio of the S&P 500 Information Technology sector has surged to ~1.94, the highest in at least 20 years. This metric measures how much companies invest in new assets relative to the rate at which their existing assets are depreciating. The ratio has surged +76% since 2021, the fastest pace since the post-2008 recovery. It now stands +21% above the 2018 peak of ~1.60. By comparison, this metric for the S&P Midcap 400 index has fallen -23% over the last 2 years, to ~1.38, near the lowest in 15 years. Big tech AI investment is exploding. $BTC
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UST IN: 🇺🇸 Odds that Jerome Powell cuts interest rates next week hit an all time high of 95% on Polymarket $BTC
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BREAKING: The First AI Era Just Ended On December 2, 2025, Sam Altman declared “Code Red” at OpenAI. This is not a competitive setback. This is a phase transition. The numbers tell a story no one wants to hear: OpenAI has committed $1.4 trillion in infrastructure spending. Current revenue: $20 billion. Profitability target: 2030. The gap is mathematically unprecedented. Google’s Gemini 3 hit 1501 Elo on LMArena. First model in history to breach 1500. Two weeks later, Altman issued the highest emergency designation his company has ever used. But benchmarks obscure the deeper shift. Gemini is growing 3x faster than ChatGPT. Users now spend more time per session with Gemini despite ChatGPT having higher user counts. The engagement advantage has inverted. Here is what Wall Street has not priced in: OpenAI does not own a single data center. Oracle provides compute. Crusoe builds campuses. JPMorgan finances facilities. Nvidia supplies chips. OpenAI orchestrates. It does not own. Google designs its own TPUs, operates its own data centers, funds AI from $300 billion in annual revenue, and embeds Gemini into 3 billion Chrome browsers and 3 billion Android devices. The structural asymmetry is existential. Meanwhile, Anthropic grew from $1 billion to $5 billion revenue in eight months. Enterprise customers pay $15 per million tokens for Claude while GPT costs $1.25. The reliability premium is real. The talent exodus accelerates. Mira Murati’s Thinking Machines raised $2 billion, now approaching $50 billion valuation. Seven of her first 29 hires came directly from OpenAI. The capability era rewarded the best model. The reliability era rewards infrastructure ownership, distribution embeddedness, and enterprise trust. OpenAI built a $500 billion valuation on capability leadership. That leadership is no longer defensible. The Code Red is not a crisis response. It is an admission that the rules have permanently changed. $BTC
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JUST IN: 🇺🇸 BlackRock says U.S. national debt will accelerate crypto adoption, now sitting at $38.4 trillion $BTC
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🚨 POLYMARKET APP WENT LIVE IN THE US! Americans can now trade directly on #Polymarket through its new US app.
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