The AI boom is adding to risks for global trade, with almost a quarter of global imports exposed to supply shocks, according to Bloomberg.

BlockUnion and the Lido Ecosystem Foundation have partnered to explore institutional-grade vault services and node operations based on Lido stVault. According to Foresight News, BlockUnion plans to use its BU Pool program, formerly SNZ Pool, to provide validator operations and infrastructure management as a neutral node operator, connecting financial institutions, developers, and ecosystem partners in Asia. BlockUnion also plans to allocate part of the net fees generated by future infrastructure operations to Ethereum community initiatives, technical research, public goods, and ecosystem development. Through ETH HK Hub, the parties will explore opportunities to develop an institutional Ethereum-native on-chain finance ecosystem and promote institutional participation, industry education, and ecosystem collaboration.

According to ChainCatcher citing Jin10 Data, Bank of America Global Research lowered its price target for Nvidia to $280 from $350. Evercore ISI also downgraded Nvidia from Outperform to In Line and cut its price target to $186 from $465.

A $22 billion group of US bank preferred shares has slumped more than even the riskiest junk bonds this year, leaving investors with no good way out of the trade, according to Bloomberg.

According to Jin10, if Canada achieves the federal government's target of exporting 100 million tonnes of liquefied natural gas (LNG) annually, it would drive C$1 trillion in investment each year and create 250,000 jobs by 2050.

Nvidia-related turmoil weighed on Asian markets, while the pan-European STOXX 600 reached its first record high since August. Nvidia shares fell nearly 7% in premarket trading after reports that the board had discussed CEO Jensen Huang’s future. According to Sina Finance, citing The New York Times, the newspaper reported an alleged extramarital relationship between Huang and another Nvidia executive; separate reports said the board met Wednesday night to discuss whether to remove him. U.S. stock futures fell 0.5%. The 10-year U.S. Treasury yield briefly touched 5% during European trading, while Germany’s 10-year yield edged down to 3.3% but was up about 5 basis points for the week. Brent crude rose above $92 a barrel, and the dollar reached a 19-month high, gaining nearly 1.5% since inflation data earlier this week prompted markets to raise expectations for a Federal Reserve rate hike next month. CME FedWatch data showed traders pricing in a 90% chance of a 25-basis-point hike and a 9.2% chance of a 50-basis-point hike, compared with a one-third chance of unchanged rates a week earlier. Société Générale strategist Kit Juckes said the Nvidia news had contributed to risk aversion and a stronger dollar, while a major shift in inflation expectations was the deeper driver. Saxo Bank chief investment strategist Charu Chanana said Nvidia’s earnings next Tuesday would be the next key test. Strong results could reinforce the AI growth narrative but might not fully eliminate the valuation discount related to corporate governance.

Moo Deng plunged by over 22% in the past day, but it rebound is just around the corner

Vitalik Buterin, the co-founder of Ethereum, sold a large number of meme coins on the 12th and 13th, exchanging them for 907.97 ETH, worth US$2.23 million. He once said that any tokens sent to him without his permission will be sold and Donate to charity.