AI drives US stock gains, ETH hits new high for the year, JTO listed on Binance surges by 50%

The three major U.S. stock indexes closed higher across the board, with Google launching its native multimodal AI model Gemini. Meta and Microsoft are set to purchase AMD's new AI chip, leading to a surge in AI-related stocks. ETH rose 5% to a new high for the year, while the token JTO issued by Solana protocol Jito was listed on Binance yesterday, with an increase of nearly 50%.

Google launches its native multimodal AI model Gemini, challenging GPT-4.

Bitcoin Takes a Rest as Ethereum Surges

Bitcoin saw a slight decline yesterday, while Ethereum surged ahead, currently surpassing all short-term moving averages and reaching its highest point since May of last year. This aligns with the analysis of crypto market trends by Twitter KOL Ignas:

When Bitcoin stabilizes, funds will flow into Ethereum and large-cap stocks, followed by an altcoin feast!

Ignas: Bitcoin is on the rise, altcoins are stirring, and a crypto feast is expected in 2024

JTO Listed on Binance, Surges by 50%

The token JTO, issued by Solana staking liquidity and MEV capture protocol Jito, was listed on Binance yesterday. Despite a brief delay, it surged after listing, with an increase of nearly 50%.

Project Details: Jito, Solana's largest third-party client, to issue governance token JTO

Await Non-Farm Payrolls Data

The market is eagerly awaiting the release of the U.S. non-farm payrolls data today, as well as the Federal Reserve interest rate decision next week.