FameEX Cryptocurrency Daily Morning News September 24 2024

CoinWorld reports:



Kamala Harris Supports Crypto Industry, Boosting Bitcoin Market Sentiment
According to reports, the bullish sentiment in the Bitcoin market has strengthened following Kamala Harris’s support for the crypto industry. Harris pledged to assist in the development of the crypto sector during a fundraising event, significantly propelling the rebound of Bitcoin. Data indicates that Bitcoin has rebounded nearly 12% from a low of 57.5k and is expected to continue rising.
Correlation Between Crypto Assets and U.S. Stock Market Nears Historical High
Bloomberg data shows that the 40-day correlation coefficient between the top 100 largest crypto assets and the S&P 500 index stands at 0.67, slightly below the 0.72 recorded in the second quarter of 2022. This data suggests that the correlation between crypto assets and the U.S. stock market is approaching a historical peak.
5.91% of Bitcoin Supply Remains Unmined
Data from HODL15Capital indicates that out of a total supply of 21 million Bitcoins, 19,757,900 have already been mined, leaving only 5.91% of the supply unmined, approximately 1.24 million Bitcoins.
OpenAI CEO: The Age of Intelligence Has Arrived!
On September 23, OpenAI CEO Sam Altman announced in a blog post that, due to the success of deep learning technologies, humanity is entering an “unimaginable era of prosperity.” He believes that AI systems will gradually tackle significant global challenges, including climate change and space colonization, marking a transformative period for society.
Wall Street Investors Shift Focus to Financial and Tech Stocks After Fed Rate Cut
Reports indicate that following the Federal Reserve’s announcement of a rate cut, Wall Street investors have shifted their preferences towards financial and tech stocks, moving away from traditional sectors such as consumer goods and healthcare. This shift is fundamentally driven by lower interest rates reducing financing costs for financial companies and enhancing net interest margins, making them more attractive than high-dividend traditional industries.
Musk Loses Lawsuit Over Unpaid Severance for Thousands of Former Employees
On September 24, Bloomberg reported that Elon Musk lost a lawsuit due to his failure to pay severance to thousands of former Twitter employees laid off during his takeover in 2022. This case could set a precedent for thousands of others who have filed similar arbitration complaints and impact many others affected by layoffs.
Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official views of FameEX.