According to CoinWorld, JPMorgan Asset Management believes that the AI investment boom and resilient consumer spending will support continued economic expansion. The firm points out that economic momentum is strengthening as businesses increase investment in AI infrastructure. Meanwhile, the wealth effect, driven by rising stock and housing prices, continues to support strong spending power among high-income consumers. David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that income tax refunds and AI-related spending will be key drivers of economic growth. Whether the economy can sustain growth into the fourth quarter depends on whether Washington introduces further fiscal stimulus measures. Kelly anticipates that, assuming a lasting resolution to tensions in the Strait of Hormuz, inflationary pressures will gradually ease in the remainder of 2026 and into next year. Lower energy costs, cooling housing inflation, and controlled wage growth are expected to collectively push price increases down. He stated, "We do not predict a recession; the wealth effect and the AI boom will continue to support the economy."

According to Bijie.com, Hao Feng Gao, CEO of Morgan Stanley Asia and Co-Head of Global Equities, stated at the Lujiazui Forum that global investors' interest in the Chinese market is growing increasingly strong. China is the only market outside the United States with an independent and comprehensive AI ecosystem, and this ecosystem is constantly evolving. From semiconductor localization to data center and cloud service providers, to large language models and their applications—including digital applications and humanoid robotics—all are developing. Gao revealed that in discussions with numerous companies, he found that hundreds are involved in the innovation and construction of this AI ecosystem, each with the potential to create enormous value. He estimated that the entire ecosystem has the potential to create an incremental market capitalization of three to four trillion US dollars.

In the past hour, total liquidations across the network reached $17.59 million, with $15.11 million from long positions, with $2.48 million from short positions. BTC liquidation $774,759.75, ETH liquidation $962,414.29.

MyToken Mid-Term Trading Assistant detected a sell signal of XRP/USDT at UTC/GMT 12:00:00 pm, Jun. 17, with the sell price at 1.19 USDT. The last buy price is at 1.15 USDT, and the profit is +3.88%!
 To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

MyToken Mid-Term Trading Assistant just detected a sell signal of XRP/USDT at UTC/GMT 12:00:00 pm, Jun. 17, with the sell price at 1.19 USDT. According to the analytical result from Mid-Term Assistant, recently XRP is going weak and showing a downtrend. The next resistance level above is 1.25 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡