According to CoinMeta, Michael Novogratz, the CEO of Galaxy Digital Inc, stated that the anxiety in the global credit market regarding spending on artificial intelligence (AI) may have approached a turning point of alleviation. During a teleconference, he mentioned that the credit market is currently experiencing some “indigestion,” and that the market’s tension may have reached its peak. Novogratz believes that Meta Platforms Inc’s equity financing efforts, as well as Anthropic PBC’s plans for a initial public offering (IPO), are signs that the pressure may be easing. Additionally, he pointed out that the potential end of the Iran war could also lead to a decline in oil prices, thereby reducing the pressure on the Federal Reserve to raise interest rates in order to curb inflation.