South Korea's Ministry of Land, Infrastructure and Transport has announced plans to install 50,000 GPUs in a new artificial intelligence data center. According to Jin10, this initiative is part of the country's broader strategy to enhance its AI capabilities and infrastructure. The data center aims to support various AI-driven applications and services, contributing to South Korea's technological advancement. The installation of these GPUs is expected to significantly boost computational power, facilitating more efficient data processing and analysis. This move aligns with South Korea's commitment to becoming a leader in the AI sector, leveraging cutting-edge technology to drive innovation and economic growth.

If software stocks are falling due to concerns about artificial intelligence, why is Bitcoin also falling? Are investors genuinely worried that AI will impact Bitcoin's growth?

Boustead Singapore's real estate investment trust has begun accepting investor orders for an initial public offering (IPO) that could generate up to $770 million. Bloomberg posted on X, highlighting that this IPO is set to be one of the largest in Singapore in recent years. The offering marks a significant move in the city-state's financial market, attracting considerable attention from investors. The trust aims to capitalize on the robust demand for real estate investments, positioning itself as a key player in the sector. This development underscores the growing interest in Singapore's real estate market, reflecting broader economic trends in the region.

The Pentagon has inadvertently shot down a U.S. Customs and Border Protection drone along the Texas-Mexico border using a high-energy laser. Bloomberg posted on X, citing sources familiar with the incident. The mishap highlights the complexities and potential risks associated with deploying advanced military technology in border security operations. The incident is under investigation to determine the circumstances that led to the accidental engagement. Further details on the operational protocols and safety measures are expected to be reviewed to prevent similar occurrences in the future.

Japan's Topix Index has surged to a historic peak, marking a significant milestone in the country's stock market. According to Jin10, this achievement reflects growing investor confidence and positive economic indicators in Japan. The rise in the Topix Index is attributed to robust corporate earnings and favorable market conditions, which have bolstered investor sentiment. Analysts suggest that this upward trend may continue if the current economic environment remains stable. The record high of the Topix Index underscores the resilience of Japan's financial markets amid global economic uncertainties.

Wikipedia co-founder Jimmy Wales posted on social media that while the view that Bitcoin will "go to zero" may not be accurate, its long-term price prospects remain questionable. He pointed out that the Bitcoin network is relatively robust in design and will likely continue to operate unless there are extreme circumstances such as major cryptographic vulnerabilities or 51% attacks. However, he believes that Bitcoin may not achieve dominance as a currency or store of value. Based on this assessment, Wales stated that by 2050, the price of Bitcoin may fall back to below $10,000 in present value, or even lower.

Bryan Pellegrino, co-founder and CEO of LayerZero Labs, stated on social media that, as previously promised, all remaining STG tokens held by the DAO have been burned. He also noted that the STG-to-ZRO contract remains open to users, and the related renaming and exchange process is ongoing.

First Resources, a prominent palm oil producer, has made a payment of $5.6 million related to land it was obligated to transfer to the Indonesian government. Bloomberg posted on X, highlighting the financial transaction as part of the company's compliance with regulatory requirements. The payment underscores the ongoing interactions between private enterprises and government authorities in Indonesia's agricultural sector. This development is part of broader efforts to ensure adherence to land use regulations in the country.

Polkadot’s DOT token jumped by 27% over the past week as the network’s first halving event draws near. source: https://www.cryptopolitan.com/polkadot-rallies-27-halving-event/

The South Korean Supreme Court has overturned a lower court's decision regarding a trademark infringement case involving Louis Vuitton bags. According to Jin10, the court ruled on February 26 that a business operator who modifies Louis Vuitton bags at the request of customers for personal use does not infringe on trademark rights. The decision came after the lower court had previously sided with Louis Vuitton's complaint. The Supreme Court stated that when luxury bag owners request modifications for personal use and the modified bags are returned to them, it does not constitute 'use of a trademark,' even if the luxury brand's logo remains on the bags. However, the court emphasized that if the operator plays a leading role in the modification process and sells the modified luxury bags in the market, it could be considered trademark infringement. The ruling has attracted significant attention from various regions, including the United States, Europe, and Japan, due to its considerable social impact. The Supreme Court has sent the case back to the Patent Court for a retrial.

The International Monetary Fund (IMF) has sanctioned a four-year financing initiative for Ukraine, amounting to approximately $8.1 billion. Bloomberg posted on X, highlighting that this program aims to support Ukraine's economic stability and reform efforts amid ongoing challenges. The funding is expected to bolster the country's financial resilience and facilitate necessary structural adjustments. This decision underscores the IMF's commitment to aiding Ukraine in navigating its economic hurdles and fostering sustainable growth.

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Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2980, providing you with the latest and fastest news on the digital currency and blockchain industry.

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