FIFA Launches Blockchain with Avalanche

CRYPTO
FIFA Launches Blockchain with Avalanche

FIFA, the global body behind international football, is partnering with Avalanche to launch its own dedicated layer-1 blockchain. Built using Avalanche’s customizable tech, this new blockchain (formerly referred to as a "subnet") aims to give FIFA greater control over its digital initiatives. The move follows the network’s major Avalanche9000 upgrade, which was designed to attract developers interested in building bespoke blockchain platforms.

This isn't FIFA’s first step into Web3. In 2022, it released an NFT collection on Algorand before the Qatar World Cup. Now, FIFA is transitioning its efforts to an Ethereum Virtual Machine (EVM)-compatible chain like Avalanche, signaling ongoing commitment to blockchain tech—even as general NFT hype has cooled.

According to Ava Labs’ John Nahas, Avalanche is ideal for organizations seeking fast, secure, and scalable blockchain infrastructure. While details on future releases remain unclear, FIFA’s investment in a dedicated blockchain suggests it sees long-term value in the space.

ECONOMY
Global Buyers Lose Faith in Bonds

Foreign investors are beginning to pull back from U.S. assets, raising concerns about America's ability to finance its growing deficits. A weak 20-year Treasury bond auction this past week sent yields higher and the dollar lower—what Deutsche Bank’s George Saravelos describes as a clear sign of a “buyer’s strike.” Saravelos warns that foreign investors no longer find U.S. debt attractive given the twin deficits and rising fiscal risks.

At the same time, Congress is pushing for new tax cuts that would add trillions more to the national debt, despite minor spending reductions. Meanwhile, Japan—America’s largest foreign creditor—is seeing rising yields on its own government bonds, making Japanese assets more appealing and potentially drawing money away from the U.S. Even China is reducing its Treasury holdings. According to Saravelos, unless U.S. policy shifts toward fiscal discipline or Treasuries become significantly cheaper, demand from foreign investors may continue to decline.

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TECH
Nvidia Plans Cheaper China AI Chip

Nvidia is preparing to launch a new AI chip for the Chinese market at a significantly lower price than its previously restricted H20 model, with mass production expected to begin as early as June, according to sources. The new GPU, built on Nvidia’s latest Blackwell architecture, is estimated to cost between $6,500 and $8,000—cheaper than the H20, which sold for $10,000 to $12,000. The reduced price reflects its weaker specs and simpler design, using GDDR7 memory rather than high-bandwidth memory and excluding TSMC’s advanced CoWoS packaging.

The chip appears to be based on the RTX Pro 6000D, targeting compliance with U.S. export rules after the H20 was effectively banned. Nvidia’s market share in China has dropped from 95% to 50%, with Huawei’s Ascend chips gaining traction. Nvidia CEO Jensen Huang warned that ongoing U.S. restrictions could push more Chinese buyers toward local alternatives, threatening Nvidia’s access to a $50 billion market.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.