UBS expects massive cloud service providers to have capital expenditures of $673 billion this year
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UBS predicts that the capital expenditure of ultra large scale cloud service providers will increase by 76% to $673 billion this year, with growth slowing down to 25% next year and dropping to 6% in 2028.
Binance launches Alpha UP trading competition, offering a $300000 prize pool. Users need to click Join on the Binance App activity page to participate. The activity only calculates the buying trading volume. Qualified traders can unlock a 1.2-fold trading volume bonus and enjoy a 2.0-fold Early Bird Multiplier bonus on the first day of trading. （Binance Wallet）
According to Bloomberg, Chinese AI startup Moonshot has released the Kimi K3 model, causing fluctuations in the global AI and chip stock markets. The parameter scale of Kimi K3 is about 2.8 trillion, supporting 1 million token contexts, and the overall cost is about half of Claude Opus and GPT-5.5. After the announcement, Bloomberg Asia Semiconductor Index fell more than 6%, and Nasdaq 100 futures fell about 2%.
A deepening global selloff in chipmakers dragged risk assets lower, pulling bitcoin back from the $65,000 it reached on this week's soft inflation print.
ESMA has included 14 cryptocurrency companies, including Ripple Payments Europe, in the MiCA registration list, bringing the total number of licensed institutions to 294. （Cointelegraph）
