S&P ends six-game winning streak, Bitcoin hits 107K again

U.S. stocks declined on Tuesday (5/20), with major tech stocks generally falling, causing the S&P to drop 0.39%, ending a six-day winning streak, but still up nearly 20% from April's low. BTC broke through 107K again this morning, needing only a 2.4% increase to reach January's historical high of 109,588. The BTC spot ETF has shown net inflows for consecutive weeks, and according to JPMorgan data, retail investors have been aggressively buying U.S. stocks since April, including BTC ETFs. Google announced the launch of a high-tier subscription plan "Google AI Ultra" to accelerate catching up with the AI wave, but the monthly fee of $249.99 is far higher than ChatGPT's high-tier service ($200), causing its stock to drop 1.5%. Tesla was one of the few major stocks that rose, with Musk stating he will significantly reduce political activities and gradually refocus on Tesla and other business operations. Tesla plans to launch the first batch of Robotaxis in Austin, Texas by the end of June. U.S. budget negotiations continue to be divided over deficit spending growth, leading to rising long-term bond yields. According to Bloomberg, a Trump administration official is increasingly frustrated with proposals to significantly raise state and local tax deduction limits, indicating that Republicans are stuck in rapidly passing massive tax cut legislation, missing the target to complete legislation before Memorial Day weekend. BTC broke through 107K again this morning, just 2.4% away from January's historical high of 109,588. The BTC spot ETF has shown net inflows for consecutive weeks, and JPMorgan data shows retail investors have been aggressively buying U.S. stocks since April, including BTC ETFs. BitMEX founder Arthur Hayes shared sharp market observations at the Token2049 event, believing that the U.S. government's undetonated debt bomb will boost BTC prices, predicting it could reach $250,000 by year-end and is more optimistic that ETH will outperform Solana in the next two years. Nasdaq-listed crypto financial institution Amber Premium recently announced appointing AI agent MIA as its official ambassador, who will represent the company at quarterly earnings calls and community events, actively promoting its "AgentFi" strategy. This trio of AI, blockchain, and capital narrative is redefining investors' perception and valuation framework for "crypto financial companies".

The official statement indicates that this is not merely a technological gimmick, but a strategic test aimed at promoting exposure and development of its AgentFi (AI + DeFi) technology and infrastructure.

From CeFi to AgentFi: Amber Actively Embraces AI

It is reported that the technical platform behind MIA is ai.ac, an AgentFi infrastructure platform launched by Amber's internal incubator amber.ac, dedicated to creating self-operating, collaborative, and governable intelligent agents.

The first AI agent MIA, deployed on Coinbase's L2 Base, is its representative work, showing Amber's intention to anchor this innovation battle in the core of the American blockchain ecosystem:

MIA is not just a replacement for corporate PR personnel, but potentially the core of a future token economy, which will become a self-fundraising and self-operating AI entity through the "Agent Initial Coin Offering (AICO)" model.

From AI Narrative to Valuation Reshaping: Amber Becomes an "AgentFi MicroStrategy"?

Crypto venture investor @dov_wo points out that Amber's move may trigger an asset market stock-token linkage effect. Traditional asset management companies struggle to break through the 20x PE valuation ceiling, but once labeled with AI, their valuation model could significantly improve:

If the token issued by MIA becomes popular, the stock price of its main driver, Amber Premium, will also receive positive catalysis.

He hypothesizes that if Wall Street analysts adjust Amber's corporate positioning and valuation model, Amber will transform from a crypto asset management company to an "AI financial infrastructure provider", similar to how Strategy (formerly MicroStrategy) saw its stock surge due to heavy Bitcoin holdings, triggering a capital positive cycle of dual stock and token appreciation.

(MicroStrategy's Latest Financial Report Reveals: Frantically Buying 7,390 BTC in a Week, Facing Collective Lawsuit for Misleading Investors)

Using AI as a Lever to Pry Open Capital and Narrative Markets

Dov also analyzes that for a Nasdaq-listed company, allowing AI to participate in such a crucial financial report meeting conveys extreme confidence in its technological capabilities and stability.

Moreover, choosing Base instead of BNB Chain or Solana reflects that Amber is not merely attempting to speculate within the crypto, but trying to "use AI as a lever to break into the Western core financial narrative" and "reposition Amber in the capital market".

As Amber's CEO Michael Wu stated in the declaration, the company is committed to exploring the infinite possibilities of cutting-edge AI technology in application:

Through ai.ac, we are building infrastructure for AgentFi: "An economic system initiated, governed, and expanded by AI agents."

(From Financial Advisors to Secretaries: Exploring the Trust Challenges of AI Agents - Can We Trust AI's Autonomous Decisions?)

The First Domino of AI Financial Narrative?

Amber Premium's this strategy is not just an attempt at corporate technological transformation, but potentially the starting point of a new "AI + Crypto narrative":

If successful, it will bring a new valuation reference for traditional crypto financial enterprises; if it fails, it will become an important case study for the industry's AI practical implementation.

When "AI is not just a tool, but a colleague" becomes reality, Amber may be walking a path where Wall Street and the blockchain intersect, never traveled before.

(AI Agents Combined with Stablecoins: How PayPal Rewrites Global Business Models Through Its Financial Operating System?)