Japan's June Corporate Services Price Index MoM

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Analysis of the stablecoin market after the USDC crisis: fiat stablecoins remain trusted, DEX volume surges. Recently, the collapse of a partner bank has triggered a liquidity crisis for the USDC stablecoin. Data shows that the price of USDC fell to a low of 0.8788 USD on March 11, with a daily decline of over 12%. This depegging event not only affected USDC but also impacted other stablecoins that use USDC as collateral, such as DAI and FRAX. Although the crisis of USDC was resolved on March 13, this event still brought many changes and reflections to the stablecoin market. By analyzing the basic situation and market data of stablecoins (March 11-18), we found the following points worthy of attention: 1. The average market value of fiat stablecoins has risen overall, while the average market value of crypto asset-based stablecoins has fallen overall. This indicates that the market's confidence in fiat stablecoins remains relatively high.

Cultural Year Wheel Model: Revealing the Reversal of the AI Landscape between China and the US In the past few years, there has been an unexpected shift in the landscape of artificial intelligence development. The United States, once considered more open, has instead gained an advantage in closed-source AI; while China, traditionally seen as focused on control, is leading in the open-source AI field. This phenomenon has overturned many people's preconceived notions and sparked deeper reflection on the relationship between technological development and cultural attitudes. To explain this seemingly contradictory phenomenon, some scholars have proposed the "cultural and political annular model." This model suggests that a culture's attitude toward new things depends on the social atmosphere of the period in which it was formed, while its attitude toward existing things is mainly driven by inertia. Once these cultural attitudes are formed, they are difficult to change, much like the growth rings of a tree. Historically, the United States has indeed experienced waves of regulation, but the peak of this trend mainly occurred in the year 20.