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BlockBeats News, June 8, Nvidia and Hyundai Motor Group announced an expansion of their collaboration in the field of physical AI and robotics. Following a meeting in Seoul, the two parties stated that they will leverage Hyundai's manufacturing capabilities to drive robotics technology from the R&D phase to factory-scale deployment. It is reported that Nvidia CEO Jensen Huang and Hyundai Motor Group Chairman Euisun Chung focused on Hyundai's Atlas humanoid robot project and the approximately 9 trillion KRW investment in the new Saemangeum development plan. This project will encompass an AI data center, the robotics industry, and hydrogen infrastructure construction. Huang referred to this plan as "AI Valley" and stated that both parties hope to accelerate the commercial application of the robotics industry by combining Nvidia's AI technology with Hyundai's manufacturing expertise. ---------------------------------Click the original text link below to join the BlockBeats Beating·Lark AI News channel, monitoring global AI hot topics and news 24/7.

According to Odaily, Bitcoin's recent rebound lacks solid support. Unlike early February when it dropped to $60,000, ETF capital outflows at that time were only $318 million, but weekly trading volume reached $46.15 billion, indicating panic selling in the market and intense battles between bulls and bears. Last week, however, the situation was different: ETF outflows accelerated while trading volume was low, suggesting the market is experiencing sustained capital outflows rather than typical panic liquidations at a local bottom. Therefore, the sustainability of Bitcoin's rebound remains in doubt. To push the price back onto a clear upward trajectory, a significant rise in ETF demand may be required. However, this seems unlikely for now, as the upcoming IPOs of SpaceX and Anthropic could continue to draw liquidity away from the broader market, including the crypto asset market. In the short term, Bitcoin still faces structural pressure and its rebound may remain weak. ETF demand and the dynamics of major IPOs will be key indicators to watch.

BlockBeats news, on June 8, according to Fortune citing sources familiar with the matter, Visa and Mastercard are in discussions with Stripe, a certain exchange, and other companies about forming a stablecoin alliance and launching a new stablecoin platform. Negotiations may also involve additional participants. If the collaboration is finalized, it will have a major impact on the stablecoin market, which exceeds 30 billion USD in size. With Visa, Mastercard, and Stripe's extensive coverage in global retail payments, the new platform is expected to further promote stablecoin adoption in everyday payment scenarios. The market is also paying close attention to the potential impact on Circle. Currently, USDC holds the majority share of the regulated stablecoin market in North America and Europe. Industry insiders believe Visa, Mastercard, and a certain exchange may use the alliance to encourage merchants to use their own stablecoins, thereby gaining new revenue sources such as reserve fund interest. For the exchange in question, it still currently benefits from a 2023 agreement with Circle, receiving most of the earnings from USDC reserves, while Circle is responsible for main operations and regulatory matters. However, as both sides renegotiate cooperation terms in the future, the exchange may hope to explore more opportunities through new stablecoin partnerships. According to the report, the relevant companies have not yet reached a formal agreement, and may not have even signed a memorandum of understanding (MOU). Discussions are still at a preliminary stage. Analysts believe forming a cross-industry alliance faces challenges such as complex coordination, competitive relationships, and antitrust review, so it may still be several months before the project is truly implemented, with the final outcome remaining uncertain.