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Foresight News reported that Ink, an Ethereum Layer2 blockchain based on the Optimism Superchain and operated by a certain exchange, has announced the launch of the Ink Echo Program, aimed at recognizing builders who made significant contributions during Ink's early development. The main objectives of the program include acknowledging and rewarding early builders who helped lay the foundation for Ink, as well as re-engaging strong teams as the Ink ecosystem expands. According to the official statement, the Echo Program is not a competitive project or a source of ongoing funding; it is established for project teams that built ahead of incentives and helped shape the ecosystem. The program seeks projects that are functional, make substantial contributions to the ecosystem, and demonstrate commitment in the early stages. All types of projects are welcome to participate, including infrastructure, tools, consumer applications, and NFTs.

Glonghui, February 4th｜UBS (USB.US) fell 4.3% to $45.6. According to reports, UBS's revenue in the fourth quarter of last year was $12.1 billions, and net profit attributable to shareholders increased by 56% year-on-year to $1.2 billions, exceeding expectations. The Common Equity Tier 1 (CET 1) ratio was 14.4%, down from 14.8% in the third quarter. During the period, overall net inflows in wealth management business reached $8.5 billions, among which the US wealth management business experienced a $14.1 billions outflow, raising market concerns.

Glonghui, February 4th｜As the wave of software stock sell-offs triggered by artificial intelligence has yet to subside, US stocks declined. The Nasdaq fell for the second consecutive trading day, at one point dropping 1%. AMD (AMD.US) plunged 14% after releasing an earnings report that fell short of expectations. Funds continued to exit software stocks as investors worried that more advanced artificial intelligence tools would pose commercial risks to related companies. Charu Chanana, Chief Investment Strategist at Saxo Bank, stated: “The market has not abandoned artificial intelligence, but is pricing it more cautiously.” Ben Barringer from Quilter Cheviot pointed out that although AMD’s performance was not bad, the company failed to deliver a stunning report card against the backdrop of previously hyped expectations for an outstanding quarter. Kathleen Brooks from XTB said that software stocks are expected to remain under pressure in the short term, but the artificial intelligence supply chain is not entirely negative, as memory and chip manufacturers will provide support. She added: “Traders are no longer betting on an entire sector as a whole, but are starting to pick specific companies they want to allocate to.”