GateNews

ChainCatcher message: According to Gate market data, U.S. stocks continue to decline, with the S&P 500 index down 1.01%.

Elon Musk's AI company xAI co-founder Toby Pohlen announces departure, becoming the fourth founder to resign within three months. Since the company's establishment in 2023, seven founding members have confirmed their departure.

The US stock market opened lower, with the Dow Jones down 0.75%, the S&P 500 down 0.82%, and the Nasdaq down 1.2%. Netflix rose 10.83% after exiting the acquisition race, while Amazon fell 0.44% announcing a $50 billion investment to collaborate with OpenAI.

The U.S. Department of Justice must respond to the motion for expedited payment of "illegal tariffs" refunds by February 27. Over 2,000 corporate cases have already been filed with the International Trade Court. The Supreme Court ruled that the tariffs imposed by Trump were illegal, and the federal court system must decide on the next steps within a month.

According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) in January increased by 0.5% month-on-month and 2.9% year-on-year, exceeding expectations, indicating that upstream inflationary pressures still exist. The core PPI rose to 3.4% year-on-year, while the January Consumer Price Index (CPI) increased by 2.4% year-on-year. The data exceeding expectations reinforces concerns about inflation stickiness, which could influence the Federal Reserve's interest rate cut decisions.

PANews February 27 News, according to Jinshi, OpenAI founder Altman: Will consider going public at the appropriate time.

The Ethereum Foundation launches Project Odin, aimed at providing structured support to infrastructure teams, helping them establish diversified funding sources and reduce reliance on single funding. The program lasts for 12 months and is staffed with strategic advisors to assist teams in achieving sustainable development. The first pilot team is the Foundation for Verified Software.

PayPal partners with MoonPay and M0 to launch PYUSDx, aimed at supporting developers in creating stablecoins anchored to PayPal USD. This tokenization framework allows for rapid deployment of customized stablecoins, with the first application in the DeFi protocol USD.ai. Additionally, the PYUSDx token is independent of PayPal USD and cannot be used directly within its accounts.

The Office of the United States Attorney for the District of Columbia announced that the Special Task Force of the Fraud Center has frozen and seized over $580 million in cryptocurrency, primarily from scam networks in Southeast Asia. The task force is dedicated to combating transnational "pig-butchering" scams and will do its best to return the funds to the victims.

Barclays is evaluating the possibility of building a blockchain platform aimed at handling payments and related banking services, with vendor selection expected to be completed by April. The application of stablecoins in the payments sector continues to expand, and related transaction volumes are projected to exceed $50 trillion by 2030. Several banks, such as JPMorgan and HSBC, are also entering this space.

Gate News bot message: According to the latest Gate TradFi data, GBPCHF has dropped 0.5% in the short term, with current volatility significantly higher than recent average levels, and market activity has increased.

ChainCatcher reports that, according to Gate market data, Microsoft stocks in the US pre-market are down 2.4%, Alphabet's stock price has decreased by 0.7%, and Amazon's stock price has fallen 0.9% pre-market.

This Friday, gold prices rose due to uncertainty over U.S. tariff policies and tensions between the U.S. and Iran, attracting safe-haven funds. Analysts pointed out that although geopolitical risks have not escalated, they still provide support for gold prices.

BlockBeats News, February 27, OpenAI announced a new investment of $110 billion at a valuation of $730 billion. (Jin10)

OpenAI and Amazon have reached a strategic cooperation agreement, with Amazon investing $50 billion, of which $15 billion is the initial phase. The two parties will jointly develop a stateful runtime environment, with AWS becoming the exclusive cloud provider for the OpenAI Frontier platform, and will extend the long-term agreement to $100 billion. They will also collaborate on developing custom models to support Amazon developers.

ChainCatcher reports that according to Jinshi, the US January core PPI month-over-month was 0.8%, higher than the market expectation of 0.3%. The previous value was revised from 0.7% to 0.6%.

ChainCatcher News, according to Jinshi, the U.S. January core PPI annual rate was 3.6%, higher than the market expectation of 3%, and the previous value was 3.3%.

ChainCatcher news reports that the U.S. Producer Price Index (PPI) for January increased by 2.9% year-over-year, higher than the market expectation of 2.6%, and the previous value was 3%.

Gate News bot message, another mysterious new wallet (0x83C0) bridged 5,263 ETH valued at $10.4 million through NEAR Intents and swapped it for 2,000 XAUT over the past 4 days, according to Lookonchain.
This follows a similar pattern where a mysterious whale bridged 9,180 ETH ($18.6 million) throug

According to Coinglass data, the whale holdings on the Hyperliquid platform currently reach $2.891 billion, with long and short positions nearly balanced. The whale address 0xa5b0..41 has fully committed to a long ETH position at a price of $1,991.53, with an unrealized loss of $2.3264 million.