AI safety concerns push investors toward J&J, Costco and CrowdStrike in cybersecurity
In brief Defense stocks rise on Monday, while concerns about AI safety weigh on tech stocks Johnson & Johnson, Eli Lilly, Kimberly-Clark and Costco rise as they rotate in the stock basket Cybersecurity stocks CrowdStrike and Palo Alto Networks surge 14%
Financial firms accumulate Ethereum, Solana, and Bitcoin amid volatile September markets
In short BitMine, Strive, and DFDV added crypto last week, while Strategy paused temporarily BitMine holds 5.96 million ETH, accounting for approximately 4.9% of the total supply Strategy used USD139 million to buy preferred shares of STRC instead of buying Bitcoin
CoinEx sets December withdrawal deadline before shutting down
In brief CoinEx shuts down after 9 years; withdrawals available until December 22 Exchange market penalizes the sluggish economy: reduced liquidity and higher costs for regulatory compliance Spot trading ends on September 29, and CoinEx will repurchase remaining CET at USD0.005
Trump says fear of AI is nonsense, but why did he secretly meet Altman?
In brief Trump met with Sam Altman behind the stage at a GOP conference event last week Altman requested a meeting to discuss AI and its growing influence Trump calls concerns about AI safety a scam both on stage and online
Novo Nordisk changes name to Novo; shares drop as the company shifts GLP-1s toward consumers
In brief Novo Nordisk changes name to Novo and launches a new corporate culture framework CEO Mike Doustdar links the changes to the disadvantage for Eli Lilly Novo shares fall by about 15% since the beginning of the year despite restructuring
Latest amended version of the Clarity Act legal text faces triple opposition ahead of the Senate vote
In brief Letitia James of New York leads the attorney general of 17 other states in opposing the Clarity Act Eight banking trade groups ask senators to close loopholes in stablecoin yield in the bill The U.S. Senate will vote on cloture on Tuesday, requiring 60 votes in favor to move forward
The U.S. Department of Justice prepares to seize USD 61M in Iranian oil money from a Binance account that verified
In brief The U.S. Department of Justice seeks to seize USD 61 million in crypto linked to the sale of Iranian oil The funds were transferred through the Blessed Trust and Hexa Whale accounts on Binance Binance previously rejected money laundering allegations related to Iran, stating that the claims were false and defamatory
Lawyer reveals that if Sam Bankman-Fried got out of prison today, he would be poor for life
In brief SBF’s attorney said that a fine of USD 11 billion would leave him poor for life Petition to the Supreme Court states that the jury only heard about the loss from FTX but did not know the repayment plan FTX customers received a refund of 105% of the value of their claims based on the price in 2022
Trump calls Jensen Huang live amid concerns about slowing AI; NVIDIA shares reflect it
In brief Trump dismisses concerns about AI as a hoax between video calls and Jensen Huang Nvidia CEO backs faster AI growth as competition with China intensifies NVIDIA continues to fall as chip stocks reflect a slowdown in AI spending
Grayscale rebalances for advisors, putting XRP at 26%
In short Grayscale’s new portfolio with no Bitcoin gives XRP a 26.11% allocation, the second-largest Ether takes a 42.34% share, higher than the 40% ceiling set by the model Advisors can copy the allocations to client accounts using Grayscale funds
This stock has an upward bias amid Morgan Stanley’s 30-day downside warning
In short Coinbase surges 8% to USD188 as the S&P 500 fund drops 0.8% The raised analyst still rates Coinbase as merely a hold Wall Street’s target for Coinbase ranges from USD95 to USD330 Read the original story, This stock has an upward bias amid Morgan Stanley’s 30-day downside warning by Lockridge Okoth at th.beincrypto.com
Trump reveals he has legal power to control AI companies—should investors be concerned or not?
In short Trump reveals his government controls criminal authority and regulations over AI companies He cited this while arguing that the industry does not need new regulation AI and chip stocks fall as Marvell Technology drops 8%
One ETF category turns the Iran war into massive profits
In brief 4 small transport ETFs in Thailand became the most prominent trades during the Iran war Pure transport stocks jumped by more than 3,200%; the ship owners benefited less A fund founder warns that opening the Hormuz narrow passage will lower interest rates
Tesla enters Vietnam with sales units worth USD 3 million without any announcement
In brief Tesla opens a company in Vietnam in Ho Chi Minh City on September 11 Total registered capital of 77.667 billion VND, or approximately USD 3 million VinFast dominates Vietnam’s automobile market with a 42% share in August 2026 Read the original story: Tesla enters Vietnam with sales units worth USD 3 million without any announcement, by Phil Haunhorst at th.beincrypto.com
Michael Burry says the AI slowdown is just creating buzz for personal gain—true or is it just about IPOs in...
Brief Burry says the acceleration and slowdown of AI is just a trend, not a matter of safety He argues that delayed IPO share sales and slowing growth explain the industry's caution in response to sudden changes
71% of advisors plan to buy more Active ETFs in 2 years—MSCI survey reveals
In brief 71% of advisors plan to actively increase their use of ETFs over the next 2 years 58% say that new active mutual-fund ETFs will replace the mutual funds they currently hold Only 16% of advisors believe that the private market is suitable for an ETF structure
BlackRock and Visa are set to support Circle's Arc, but memecoin traders are planning to rush in
In brief Circle launched the Arc mainnet on Wednesday, with BlackRock, Visa, and Mastercard as block validators A memecoin trader strikes fast, betting that Arc will repeat the Robinhood Chain hype Arc uses USDC for fees, and the company raised USD 222 million in a presale round
The biggest macro risk to Bitcoin first appeared in 2006
In brief Three central banks may tighten policy at the same time for the first time since 2006 In 2006, high-risk assets plunged sharply, while emerging markets lost more than 20% Bitcoin drops 20% as the yen surges most recently in 2024. This time, the price has held up