Investment assets such as stocks and cryptocurrencies are facing the biggest challenges as the impact of hot money fades. Financial markets this year have not been too kind to long-term investors. Whether it is a savvy stock market investor based on fundamentals or a long-term believer in Bitcoin, if you entered the market between January and May this year, your account should be in a loss state today. As of this writing, only 40 of the 145 large U.S. public companies with a market capitalization of more than $100 billion have positive annualized returns, or 27.6% when converted to a percentage. These companies are world-class companies operating global businesses, not the "monster stocks" we saw in "The Wolf of Wall Street".
If these Fortune 500 companies can't generate decent returns for investors, how about the public companies related to cryptocurrencies? Basically, the trend of companies in the encryption industry follows the Bitcoin market. In other words, the price of Bitcoin has halved from its opening price at the beginning of this year, and the stock prices of cryptocurrency companies are naturally doomed. The following is a list compiled by the author for your reference.
Author: [Coinlive] Nell
The official @OpenAINewsroom account on X was hacked on September 23, promoting a fake cryptocurrency called $OPENAI. The scam led users to a counterfeit website that prompted them to connect their wallets, risking financial loss.
AnaisSam Altman, CEO of OpenAI, believes superintelligence could emerge in just a few years, significantly advancing technology and human capabilities. He remains confident that AI will bring prosperity and creativity, despite concerns about job displacement.
AnaisAfter the Federal Reserve decided to cut interest rates by 50 basis points in September, Bitcoin once surged to $64,000. According to US media, during the price increase, details of the meeting between Musk and Salvadoran President Bukele were exposed, and they talked about the future of mankind.
AlexBitcoin fell back from its high of $64,741 at the beginning of the week to around $63,000. Market analysis pointed out that BlackRock's new withdrawal policy has triggered panic among traders.
MiyukiExperts at TOKEN2049 agreed that Singapore’s progressive initiatives, such as the digital token payment guide, support industry growth. As a leading financial and fintech hub, Singapore prioritises incentives for companies, reinforcing its reputation for stability as a Web3 leader.
CatherineAlibaba has launched a new AI-powered video generator called Qwen 2.5, allowing users to create high-quality videos from text prompts in both Chinese and English. This tool enhances Alibaba's Tongyi Wanxiang portfolio and aims to serve various industries, simplifying video production by integrating audio and offering unlimited free usage.
AnaisAfter the Federal Reserve cut interest rates by 50 basis points, gold and Bitcoin soared, but both underperformed the more than 10% weekly increase in the SOL token under the US blue-chip public chain Solana. The reason is that the bigwigs from China and the United States gathered at TOKEN 2049 and good news came frequently.
WeiliangThe Korea National Police Agency has conducted 515 undercover investigations into illegal deepfake pornography since September 2021, leading to the arrest of 1,415 individuals, including teenagers involved in distributing such content. In response to rising digital sex crimes, authorities have established a task force to address deepfake pornography and are evaluating Telegram's role in facilitating these offenses.
WeatherlyBybit has launched the world’s first Shariah-compliant Islamic Crypto Account for ethical trading, following Bybit Türkiye’s recognition by Turkey’s Capital Markets Board as a crypto asset service provider.
CatherineCaroline Ellison, former Alameda Research CEO, was sentenced to two years in a minimum-security prison for her role in the FTX collapse and must forfeit $11 billion. She is set to surrender on or after 7 November 2024, likely serving near Boston.
Kikyo