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On August 20, market sources reported that Meta Platforms (META.O) is investing hundreds of millions into Microsoft Azure AI services.

On August 20, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated that during every bear market in the crypto market, there are numerous doubts about the value of cryptocurrencies, but he remains optimistic about the long-term development of the crypto industry. The core value of crypto lies in 'on-chain finance.' In the real world, there are financial assets and applications such as gold, US dollars, and US stocks, and blockchain is migrating these financial scenarios on-chain, enhancing convenience and transparency. He cited examples such as gold existing in reality, while BTC exists on-chain, offering greater convenience in terms of carrying, storing, and trading; the US dollar exists in reality, while stablecoins on-chain provide a more flexible account opening method and global circulation capability for US dollars; additionally, traditional assets like US stocks are gradually being mirrored on-chain. Yili Hua stated that the greatest value of crypto lies in achieving financial freedom on-chain. He also believes that AI is one of the important directions of technological development, representing a new track and opportunity for the integration of finance and technology. This is also why he has long emphasized the 'half crypto, half AI' allocation logic, which means participating in the development opportunities in both on-chain finance and artificial intelligence.

On August 20, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated that during every bear market in the crypto market, there are numerous doubts about the value of cryptocurrencies. However, he remains optimistic about the long-term development of the crypto industry. The core value of crypto lies in 'on-chain finance.' In the real world, there are financial assets and applications such as gold, the US dollar, and US stocks, while blockchain is migrating these financial scenarios on-chain, enhancing convenience and transparency. He cited examples such as gold existing in reality, while BTC exists on-chain, making it more convenient for carrying, storing, and trading; the US dollar exists in reality, while stablecoins on-chain provide a more flexible account opening method and global circulation of the dollar; additionally, traditional assets like US stocks are gradually being mapped on-chain. Yili Hua stated that the greatest value of crypto lies in achieving financial freedom on-chain. He also believes that AI is one of the important directions in technological development, representing a new track and opportunity for the integration of finance and technology. This is also the reason he has long emphasized the 'half crypto, half AI' allocation logic, which involves participating in the development opportunities of both on-chain finance and artificial intelligence.