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- 12:52Andrew Kang: Grass is expected to achieve a nine-figure high income next yearChainCatcher news, Andrew Kang, a partner at Mechanism Capital, posted on social media saying, "The recent development of artificial intelligence has made data one of the most valuable commodities in the world. Grass has created a data pipeline that most AI companies cannot touch through an encrypted incentive mechanism. At their current growth rate, they seem to be poised to achieve nine-figure high-level income next year and even break through several billion dollars. We have studied many projects combining encryption and AI but unfortunately, most projects do not have investment value. Grass is one of the top-tier legitimate projects with fundamental support that emerged in this cycle."
- 12:50Morgan Stanley: The dollar will peak before the end of the year and enter a "bear market pattern" in 2025Morgan Stanley predicts that the strong US dollar will peak before the end of the year, and then enter a "bear market pattern", slowly declining until 2025. The bank believes that given the Bank of Japan will raise interest rates, and the Reserve Bank of Australia's easing actions will be gradual, therefore, the Japanese yen and Australian dollar have the greatest potential to rise next year.
- 12:49Metalayer plans to establish a $25 million crypto venture capital fundThe newly established crypto investment company Metalayer has submitted documents to the U.S. Securities and Exchange Commission (SEC), planning to set up a $25 million fund focused on investments in the crypto industry. It is reported that Metalayer has completed its first round of fundraising, obtaining $20 million in subscribed capital, and expects to raise full funds by the end of the year. The three founders of Metalayer are all former executives of Two Sigma Ventures, including former digital asset head Andy Kangpan. It is understood that Metalayer has invested in three companies including synthetic dollar project Ethena, institutional exchange Crossover, and blockchain clearing house Clear Token, demonstrating its strategy focused on integrating crypto technology with mainstream financial services.
