According to CoinMeta, as reported by Cailian News on October 28th, Galaxy Digital Inc, an operator of crypto financial services and artificial intelligence data centers, whose billionaire founder and CEO is Michael Novogratz, stated that the global credit market's anxiety regarding AI expenditures may have approached a turning point of alleviation. Novogratz said in a teleconference after announcing its third-quarter earnings on Galaxy that the credit market is currently experiencing some 'indigestion', and that the market's tension may have reached its peak. He believes that Meta Platforms Inc's equity financing and Anthropic PBC's plans for a initial public offering are signs that the pressure may be easing. Novogratz noted that more equity financing means less credit financing, which has been a good thing for the credit market over the past week, as such large-scale equity financings have been observed.