News

ChainCatcher news, digital asset custody and wallet solution provider Cobo has announced the launch of Cobo WaaS Skill, enabling developers to directly call Cobo WaaS (Wallet-as-a-Service) 2 API in AI programming assistants (such as Claude Code, Cursor) using natural language, and to complete SDK code generation, debugging, and troubleshooting. This allows the construction of usable web wallet applications within 30 minutes. After installing Cobo WaaS Skill in an AI programming assistant, developers can perform operations such as creating wallets, debugging and troubleshooting, and initiating transfers through conversational interaction, while automatically generating executable SDK code. It also supports the rapid setup of basic exchange capabilities or Web3 payment processes, reducing the need to switch tools and consult documentation.

PANews reported on February 26 that Ivan Lee, Head of Trading at QCP Group, stated that Tether's large-scale purchase of gold is a strategic treasury decision rather than an ironic commentary on the "digital gold" narrative. Gold, as the most widely accepted non-sovereign reserve asset globally, can complement bitcoin: it reduces correlation with crypto liquidity cycles and can hedge against regulatory shocks or sudden crypto-specific tail risks such as deleveraging. Ivan pointed out that Tether has accumulated about 130 tons of gold, with its purchases in the fourth quarter of last year accounting for 10% of central bank gold demand during the same period. Bitcoin acts as a high-beta risk asset during tightening periods, while in times of monetary expansion it exhibits gold-like properties. Investors can utilize both: gold to hedge against short-term crises and liquidity pressures, and bitcoin to hedge against long-term policy risks and currency depreciation, but allocation size and risk control should be set according to their respective drawdown characteristics.

Glonghui, February 26th｜Cloud data analytics platform provider Snowflake (SNOW.US) fell 1.07% in pre-market trading to $167.4. In terms of news, although the company's forecast for product revenue in fiscal year 2027 exceeded Wall Street expectations and the ongoing demand for artificial intelligence (AI) continues to drive business growth, concerns remain in the market about whether traditional software companies can maintain growth momentum in the AI era. Snowflake's share price has fallen about 23% so far this year, reflecting Wall Street's general concerns about the outlook for the software industry in the AI era. "Investors are currently skeptical of all software companies," said D.A. Davidson analyst Gil Luria. "But as Snowflake continues to accelerate growth for the rest of this year, we believe investors will eventually realize that the company is significantly benefiting from AI-driven growth."