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05:51
The global blockchain market size is expected to reach $61.096 billion by 2031.
```htmlJinse Finance reported that on June 20, MarketsandMarkets released a report predicting that the global blockchain market size is expected to grow from $54.08 billion in 2026 to $610.96 billion in 2031, with a compound annual growth rate of 62.4%. The growth is mainly driven by enterprise-level blockchain adoption in industries such as banking and financial services, supply chain, healthcare, government, and retail. Enterprises are increasing investment in dApps, digital identity, stablecoin payment networks, and cloud-hosted blockchain infrastructure. The report also stated that Layer 2 scaling technology, regulatory developments, and the integration of blockchain with AI and enterprise software platforms are prompting enterprises to shift from pilot projects to large-scale production environments.```
05:49
AI threats intensify, Accenture's stock price falls to its lowest level since 2017
BlockBeats news, June 20, according to the UK Financial Times, consulting firm Accenture saw its share price fall by 18% on Thursday, closing at its lowest level since 2017. The decline followed the company's downward revision of its revenue forecast, raising investor concerns that the rapid development of AI is undermining traditional IT consulting and outsourcing business models. Accenture stated that in the three months ended at the end of May, the company's new orders dropped to $19.3 billion, a 3% decrease year-on-year. The company expects annual revenue growth to not exceed 4%, below the previous upper guidance range of 3% to 5%. Accenture’s market capitalization has fallen from over $200 billion after the post-pandemic consulting boom to less than $80 billion. Accenture CEO Julie Sweet said the company is still winning business in AI-related consulting as enterprises adopt the technology, but investors are worried that AI could lead customers to rely less on consultants or bring new competition from AI startups. She also mentioned that the Middle East war had a $100 million greater impact on revenue in the most recent quarter than expected and slowed decision-making among customers in other regions. Accenture is seeking new areas for growth and has substantially increased its acquisition budget, which will reach $9 billion for this fiscal year. On Thursday, the company announced three cybersecurity-related acquisitions, including vulnerability assessment firm runZero, device security firm NetRise, and a majority stake in operational technology cybersecurity company Dragos. The total enterprise value of the three transactions is $4.2 billion.
05:39
The crypto market saw a slight rebound, but funding rates indicate BTC and ETH remain in a bearish range.
BlockBeats news, on June 20, according to market data from a certain exchange, Bitcoin is currently priced at $63,671.32, with a 24-hour increase of 1.60%. Ethereum is currently priced at $1,723.81, with a 24-hour increase of 1.64%. The crypto market has experienced a slight rebound, but funding rates show that BTC and ETH remain in bearish territory. Across BTC platforms, rates are all below the threshold and half have turned negative, meaning the price increase has not brought a simultaneous recovery in bullish sentiment. ETH funding rates across all platforms are also in the bearish range, but most remain positive, indicating sentiment is slightly stronger than BTC. BlockBeats note: Funding rates are rates set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset prices, typically applied to perpetual contracts. It is a fund exchange mechanism between long and short traders. Trading platforms do not collect this fee, and it is used to adjust traders' contract holding costs or profits to keep contract prices close to underlying asset prices. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish.
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