Overnight US stocks | Trump said he is not concerned about the market, the Nasdaq fell into a pullback zone.
07/03/2025
GMT Eight
"Before the interest rate is lowered, I would like to see how the tariff policy will develop."Encryption giant to gather at the White House tomorrow, Trump's new encryption policy is about to be announced. Tomorrow, more than twenty executives, investors, and celebrities in the cryptocurrency field will gather at the White House to plan the future development direction of the encryption field under Trump's leadership. Insiders revealed that this event is likely to become a platform to promote multiple administrative measures related to cryptocurrencies, with various options currently under consideration. Insiders said that Trump may announce that the government will stop selling confiscated cryptocurrencies in criminal cases and instead use them to establish a national reserve. They also said that Trump may issue an executive order to create a real Bitcoin reserve, which is expected to purchase more of this digital currency. One insider said that another potential proposal will involve tax treatment of cryptocurrencies, which may require review and approval by Congress. These insiders said that these actions are still under discussion and may ultimately not be implemented or may change.
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OpenAI and Oracle Corporation (ORCL.US) plan to deploy tens of thousands of NVIDIA Corporation chips in Texas data centers to support the "Stargate." OpenAI and Oracle Corporation plan to begin deploying tens of thousands of AI chips from NVIDIA Corporation to a newly built large data center in Abilene, Texas in the coming months, as part of their $100 billion "Stargate" infrastructure project. Insiders revealed that by the end of 2026, the data center is expected to install 64,000 of NVIDIA Corporation's popular GB200 semiconductor chips. These chips will be installed in multiple halls of the data center in stages, with the first batch of 16,000 chips planned to be deployed before the summer of this year.