The latest news: a few major stories are coming together, and the message is clear—the market is reassessing the AI boom, and money is starting to look for opportunities elsewhere.
AI and tech
The $80 billion hedge fund Elliott issued a blunt warning: almost every bear-market alarm is ringing, and the AI investment boom could trigger a chain reaction of sell-offs. Coming from a major player, that carries a lot more weight than retail investors calling a downturn.
Investors are pushing Anthropic’s IPO valuation down, hoping to bring it to $1.5 trillion–$1.6 trillion. Its enormous compute commitments are close to $900 billion, and investors are worried that AI investment is overheating and profits will take too long to materialize. The AI story is still being told, but investors are starting to scrutinize every dollar.
Qianwen’s app has 158 million monthly active users, up a staggering 5,077% year over year and topping the growth rankings for apps with over 100 million users. But that’s 9 million fewer users than in June. It’s growing fast, but retaining users is hard. The future of homegrown AI apps in China still depends on how major players like $BABA respond.
Macro and energy
Morgan Stanley is bullish on a supercycle in electricity demand. Global power consumption is projected to reach 36 trillion kilowatt-hours by 2030, with Asia accounting for 64% of new demand. AI data centers, industrial relocation, and air-conditioning needs are all driving power demand higher.
JPMorgan’s midterm election analysis gives Democrats a 66% chance of sweeping both chambers of Congress. Republicans have just a 7% chance of holding both chambers, but that outcome implies the largest expected gain for $SPX . Political maneuvering has become a factor for risk assets.
Crypto security and markets
Twelve cryptocurrency thefts linked to North Korea totaled about $9.74 billion, with Binance accounting for 65%, or roughly $6.3 billion. We really can’t let our guard down when it comes to on-chain security.
According to Coinglass, if $BTC falls below $75,000, the cumulative liquidation intensity for long positions on major CEXs will reach $1.001 billion. If it breaks above $79,000, liquidation intensity for short positions will hit $1.246 billion. It’s a minefield in both directions, and volatility could spike at any moment.
A whale opened a crude oil long position worth over $147 million: 868,840 Brent crude contracts plus 580,960 U.S. crude contracts. The bet is on rising oil prices, and the size of the position speaks for itself.
ORCL completed a $20 billion stock and bond offering at $116 per share. Extended announced XTEN’s tokenomics: a total supply of 1 billion tokens, with 30% allocated to community airdrops. Bitget listed LNG and MO stock perpetual contracts, with up to 20x leverage and 24/7 trading.
The opportunities are right in front of us. Can you see which way things are heading? AI is cooling while power is heating up—which side would you rather be on? Share your take in the comments.
AI and tech
The $80 billion hedge fund Elliott issued a blunt warning: almost every bear-market alarm is ringing, and the AI investment boom could trigger a chain reaction of sell-offs. Coming from a major player, that carries a lot more weight than retail investors calling a downturn.
Investors are pushing Anthropic’s IPO valuation down, hoping to bring it to $1.5 trillion–$1.6 trillion. Its enormous compute commitments are close to $900 billion, and investors are worried that AI investment is overheating and profits will take too long to materialize. The AI story is still being told, but investors are starting to scrutinize every dollar.
Qianwen’s app has 158 million monthly active users, up a staggering 5,077% year over year and topping the growth rankings for apps with over 100 million users. But that’s 9 million fewer users than in June. It’s growing fast, but retaining users is hard. The future of homegrown AI apps in China still depends on how major players like $BABA respond.
Macro and energy
Morgan Stanley is bullish on a supercycle in electricity demand. Global power consumption is projected to reach 36 trillion kilowatt-hours by 2030, with Asia accounting for 64% of new demand. AI data centers, industrial relocation, and air-conditioning needs are all driving power demand higher.
JPMorgan’s midterm election analysis gives Democrats a 66% chance of sweeping both chambers of Congress. Republicans have just a 7% chance of holding both chambers, but that outcome implies the largest expected gain for $SPX . Political maneuvering has become a factor for risk assets.
Crypto security and markets
Twelve cryptocurrency thefts linked to North Korea totaled about $9.74 billion, with Binance accounting for 65%, or roughly $6.3 billion. We really can’t let our guard down when it comes to on-chain security.
According to Coinglass, if $BTC falls below $75,000, the cumulative liquidation intensity for long positions on major CEXs will reach $1.001 billion. If it breaks above $79,000, liquidation intensity for short positions will hit $1.246 billion. It’s a minefield in both directions, and volatility could spike at any moment.
A whale opened a crude oil long position worth over $147 million: 868,840 Brent crude contracts plus 580,960 U.S. crude contracts. The bet is on rising oil prices, and the size of the position speaks for itself.
ORCL completed a $20 billion stock and bond offering at $116 per share. Extended announced XTEN’s tokenomics: a total supply of 1 billion tokens, with 30% allocated to community airdrops. Bitget listed LNG and MO stock perpetual contracts, with up to 20x leverage and 24/7 trading.
The opportunities are right in front of us. Can you see which way things are heading? AI is cooling while power is heating up—which side would you rather be on? Share your take in the comments.