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12-07

jpm analyst always accurate one. say no ai bubble then bo ai bubble

12-04

Scam alternate is exploring mars ai ?

Sam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX

12-03

I see blood in the streets and I'm hungry

The 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes

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fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.</p><p>The talks are no longer active, people close to OpenAI said.</p><p>Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.</p><p>OpenAI on Monday declared a &#34;code red&#34; to improve ChatGPT after it began losing market share to Google&#39;s Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.</p><p>Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.</p><p>Founded by former employees at Jeff Bezos&#39; Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google&#39;s Sundar Pichai have extolled the possibility of building AI computing clusters in space.</p><p>The concept is unproven, although Alphabet&#39;s Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.</p><p>&#34;I do guess that a lot of the world gets covered in data centers over time,&#34; Altman recently said on a podcast with Theo Von. &#34;Like, maybe we build a big Dyson sphere around the solar system and say, &#34;Hey, it actually makes no sense to put these on Earth.&#34;</p><p>The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, Advanced Micro Devices and others.</p><p>Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.</p><p>The chief financial officer of Nvidia said this week that the company&#39;s $100 billion deal with OpenAI has yet to be finalized.</p><p>OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.</p><p><a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.</p><p>Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.</p><p>He no longer makes as many personal investments as before but isn&#39;t shy about using OpenAI&#39;s balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.</p><p>The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX&#39;s dominant position in rocket launch and Musk&#39;s rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk&#39;s Neuralink, and OpenAI is building a social network that could compete with X.</p><p>Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX&#39;s position, including Blue Origin, <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab</a> and Stoke.</p><p>&#34;Should I build a rocket company?&#34; Altman asked rhetorically in a June podcast appearance with his brother.</p><p>&#34;I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-04 13:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk&#39;s SpaceX.</p><p>Altman reached out to at least one rocket maker, Stoke Space, in the summer, and the discussions picked up in the fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.</p><p>The talks are no longer active, people close to OpenAI said.</p><p>Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.</p><p>OpenAI on Monday declared a &#34;code red&#34; to improve ChatGPT after it began losing market share to Google&#39;s Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.</p><p>Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.</p><p>Founded by former employees at Jeff Bezos&#39; Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google&#39;s Sundar Pichai have extolled the possibility of building AI computing clusters in space.</p><p>The concept is unproven, although Alphabet&#39;s Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.</p><p>&#34;I do guess that a lot of the world gets covered in data centers over time,&#34; Altman recently said on a podcast with Theo Von. &#34;Like, maybe we build a big Dyson sphere around the solar system and say, &#34;Hey, it actually makes no sense to put these on Earth.&#34;</p><p>The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, Advanced Micro Devices and others.</p><p>Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.</p><p>The chief financial officer of Nvidia said this week that the company&#39;s $100 billion deal with OpenAI has yet to be finalized.</p><p>OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.</p><p><a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.</p><p>Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.</p><p>He no longer makes as many personal investments as before but isn&#39;t shy about using OpenAI&#39;s balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.</p><p>The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX&#39;s dominant position in rocket launch and Musk&#39;s rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk&#39;s Neuralink, and OpenAI is building a social network that could compete with X.</p><p>Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX&#39;s position, including Blue Origin, <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab</a> and Stoke.</p><p>&#34;Should I build a rocket company?&#34; Altman asked rhetorically in a June podcast appearance with his brother.</p><p>&#34;I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,&#34; he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","BK4099":"汽车制造商","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4566":"资本集团","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1196500208.SGD":"NORDEA STABLE RETURN \"HB\" (SGDHDG) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4574":"无人驾驶","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4581":"高盛持仓","TSLA":"特斯拉","BK4561":"索罗斯持仓","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","BK4573":"虚拟现实","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1548497426.USD":"安联环球人工智能AT Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588079730","content_text":"OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk's SpaceX.Altman reached out to at least one rocket maker, Stoke Space, in the summer, and the discussions picked up in the fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.The talks are no longer active, people close to OpenAI said.Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.OpenAI on Monday declared a \"code red\" to improve ChatGPT after it began losing market share to Google's Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.Founded by former employees at Jeff Bezos' Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google's Sundar Pichai have extolled the possibility of building AI computing clusters in space.The concept is unproven, although Alphabet's Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.\"I do guess that a lot of the world gets covered in data centers over time,\" Altman recently said on a podcast with Theo Von. \"Like, maybe we build a big Dyson sphere around the solar system and say, \"Hey, it actually makes no sense to put these on Earth.\"The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, Nvidia, Advanced Micro Devices and others.Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.The chief financial officer of Nvidia said this week that the company's $100 billion deal with OpenAI has yet to be finalized.OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.News Corp, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.He no longer makes as many personal investments as before but isn't shy about using OpenAI's balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX's dominant position in rocket launch and Musk's rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk's Neuralink, and OpenAI is building a social network that could compete with X.Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX's position, including Blue Origin, Rocket Lab and Stoke.\"Should I build a rocket company?\" Altman asked rhetorically in a June podcast appearance with his brother.\"I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,\" he said.","news_type":1,"symbols_score_info":{"DXYZ":1.5,"TSLA":1.5}},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":506791853445280,"gmtCreate":1764750170385,"gmtModify":1764751843017,"author":{"id":"3575343781681994","authorId":"3575343781681994","name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3575343781681994","idStr":"3575343781681994"},"themes":[],"title":"","htmlText":"I see blood in the streets and I'm hungry&nbsp;","listText":"I see blood in the streets and I'm hungry&nbsp;","text":"I see blood in the streets and I'm hungry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/506791853445280","repostId":"1179545016","repostType":2,"repost":{"id":"1179545016","kind":"news","weMediaInfo":{"introduction":"Go Trading Go","home_visible":1,"media_name":"Trading Random","id":"1081967000","head_image":"https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544"},"pubTimestamp":1764748800,"share":"https://ttm.financial/m/news/1179545016?lang=en_US&edition=fundamental","pubTime":"2025-12-03 16:00","market":"us","language":"en","title":"The 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1179545016","media":"Trading Random","summary":"The crash Tuesday of American Bitcoin, a crypto miner, was swift and dramatic.","content":"<html><head></head><body><p>The crash Tuesday of <a href=\"https://laohu8.com/S/ABTC\">American Bitcoin Corp.</a>, a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.</p><p>American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.</p><p>World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump&#39;s sons, has nosedived around 75%, grappling with increasing legal troubles.</p><p>Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/213bce8491ef3b57501cda11c6861963\" title=\"\" tg-width=\"952\" tg-height=\"647\"/></p><p>These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump&#39;s public standing. Initially, Trump&#39;s endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin&#39;s price into a measure of his political prosperity.</p><p>Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.</p><p>“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”</p><p>World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.</p><p>Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.</p><p>“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”</p><p>Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.</p><p>Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.</p><p>For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital&#39;s shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.</p><p>These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.</p><p>Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.</p><p>Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.</p><p>“People began realizing this might not align with their expectations,” Li stated.</p><p>Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”</p><p>The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.</p><p>Alt5 Sigma has not commented on recent issues.</p><p>The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.</p><p>Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.</p><p>“You’d think the president&#39;s pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1081967000\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Trading Random </p>\n<p class=\"h-time\">2025-12-03 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The crash Tuesday of <a href=\"https://laohu8.com/S/ABTC\">American Bitcoin Corp.</a>, a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.</p><p>American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.</p><p>World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump&#39;s sons, has nosedived around 75%, grappling with increasing legal troubles.</p><p>Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/213bce8491ef3b57501cda11c6861963\" title=\"\" tg-width=\"952\" tg-height=\"647\"/></p><p>These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump&#39;s public standing. Initially, Trump&#39;s endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin&#39;s price into a measure of his political prosperity.</p><p>Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.</p><p>“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”</p><p>World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.</p><p>Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.</p><p>“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”</p><p>Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.</p><p>Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.</p><p>For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital&#39;s shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.</p><p>These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.</p><p>Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.</p><p>Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.</p><p>“People began realizing this might not align with their expectations,” Li stated.</p><p>Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”</p><p>The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.</p><p>Alt5 Sigma has not commented on recent issues.</p><p>The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.</p><p>Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.</p><p>“You’d think the president&#39;s pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABTC":"American Bitcoin"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179545016","content_text":"The crash Tuesday of American Bitcoin Corp., a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump's sons, has nosedived around 75%, grappling with increasing legal troubles.Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump's public standing. Initially, Trump's endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin's price into a measure of his political prosperity.Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital's shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.“People began realizing this might not align with their expectations,” Li stated.Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.Alt5 Sigma has not commented on recent issues.The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.“You’d think the president's pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”","news_type":1,"symbols_score_info":{"ABTC":2}},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":507134231319072,"gmtCreate":1764833772396,"gmtModify":1764834728368,"author":{"id":"3575343781681994","authorId":"3575343781681994","name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575343781681994","authorIdStr":"3575343781681994"},"themes":[],"title":"","htmlText":"Scam alternate is exploring mars ai ?&nbsp;","listText":"Scam alternate is exploring mars ai ?&nbsp;","text":"Scam alternate is exploring mars ai ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/507134231319072","repostId":"2588079730","repostType":2,"repost":{"id":"2588079730","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1764825567,"share":"https://ttm.financial/m/news/2588079730?lang=en_US&edition=fundamental","pubTime":"2025-12-04 13:19","market":"sh","language":"en","title":"Sam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX","url":"https://stock-news.laohu8.com/highlight/detail?id=2588079730","media":"Dow Jones","summary":"OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk's SpaceX.Altman...","content":"<html><head></head><body><p>OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk&#39;s SpaceX.</p><p>Altman reached out to at least one rocket maker, Stoke Space, in the summer, and the discussions picked up in the fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.</p><p>The talks are no longer active, people close to OpenAI said.</p><p>Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.</p><p>OpenAI on Monday declared a &#34;code red&#34; to improve ChatGPT after it began losing market share to Google&#39;s Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.</p><p>Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.</p><p>Founded by former employees at Jeff Bezos&#39; Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google&#39;s Sundar Pichai have extolled the possibility of building AI computing clusters in space.</p><p>The concept is unproven, although Alphabet&#39;s Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.</p><p>&#34;I do guess that a lot of the world gets covered in data centers over time,&#34; Altman recently said on a podcast with Theo Von. &#34;Like, maybe we build a big Dyson sphere around the solar system and say, &#34;Hey, it actually makes no sense to put these on Earth.&#34;</p><p>The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, Advanced Micro Devices and others.</p><p>Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.</p><p>The chief financial officer of Nvidia said this week that the company&#39;s $100 billion deal with OpenAI has yet to be finalized.</p><p>OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.</p><p><a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.</p><p>Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.</p><p>He no longer makes as many personal investments as before but isn&#39;t shy about using OpenAI&#39;s balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.</p><p>The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX&#39;s dominant position in rocket launch and Musk&#39;s rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk&#39;s Neuralink, and OpenAI is building a social network that could compete with X.</p><p>Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX&#39;s position, including Blue Origin, <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab</a> and Stoke.</p><p>&#34;Should I build a rocket company?&#34; Altman asked rhetorically in a June podcast appearance with his brother.</p><p>&#34;I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,&#34; he said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-04 13:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk&#39;s SpaceX.</p><p>Altman reached out to at least one rocket maker, Stoke Space, in the summer, and the discussions picked up in the fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.</p><p>The talks are no longer active, people close to OpenAI said.</p><p>Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.</p><p>OpenAI on Monday declared a &#34;code red&#34; to improve ChatGPT after it began losing market share to Google&#39;s Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.</p><p>Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.</p><p>Founded by former employees at Jeff Bezos&#39; Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google&#39;s Sundar Pichai have extolled the possibility of building AI computing clusters in space.</p><p>The concept is unproven, although Alphabet&#39;s Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.</p><p>&#34;I do guess that a lot of the world gets covered in data centers over time,&#34; Altman recently said on a podcast with Theo Von. &#34;Like, maybe we build a big Dyson sphere around the solar system and say, &#34;Hey, it actually makes no sense to put these on Earth.&#34;</p><p>The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, Advanced Micro Devices and others.</p><p>Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.</p><p>The chief financial officer of Nvidia said this week that the company&#39;s $100 billion deal with OpenAI has yet to be finalized.</p><p>OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.</p><p><a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.</p><p>Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.</p><p>He no longer makes as many personal investments as before but isn&#39;t shy about using OpenAI&#39;s balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.</p><p>The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX&#39;s dominant position in rocket launch and Musk&#39;s rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk&#39;s Neuralink, and OpenAI is building a social network that could compete with X.</p><p>Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX&#39;s position, including Blue Origin, <a href=\"https://laohu8.com/S/RKLB\">Rocket Lab</a> and Stoke.</p><p>&#34;Should I build a rocket company?&#34; Altman asked rhetorically in a June podcast appearance with his brother.</p><p>&#34;I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,&#34; he said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","BK4099":"汽车制造商","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4566":"资本集团","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1196500208.SGD":"NORDEA STABLE RETURN \"HB\" (SGDHDG) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4574":"无人驾驶","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4581":"高盛持仓","TSLA":"特斯拉","BK4561":"索罗斯持仓","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","BK4573":"虚拟现实","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU1548497426.USD":"安联环球人工智能AT Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2588079730","content_text":"OpenAI Chief Executive Sam Altman has explored putting together funds to either acquire or partner with a rocket company, a move that would position him to compete against Elon Musk's SpaceX.Altman reached out to at least one rocket maker, Stoke Space, in the summer, and the discussions picked up in the fall, according to people familiar with the talks. Among the proposals was for OpenAI to make a series of equity investments in the company and end up with a controlling stake. Such an investment would total billions of dollars over time.The talks are no longer active, people close to OpenAI said.Altman and OpenAI are facing market headwinds after striking hundreds of billions of dollars in computing deals without publicly offering a clear picture of how the startup will pay for the build-out.OpenAI on Monday declared a \"code red\" to improve ChatGPT after it began losing market share to Google's Gemini chatbot. As a result, OpenAI is delaying the rollout of other products, including advertising, and encouraging employees to temporarily transfer teams to work on the chatbot.Altman has been interested in the possibility of building data centers in space for some time, suggesting that the insatiable demand for computing resources to power artificial-intelligence systems eventually could require so much power that the environmental consequences would make space a better option. Orbital data centers would allow companies to harness the power of the sun to operate them, advocates say.Founded by former employees at Jeff Bezos' Blue Origin, Stoke is working on building a fully reusable rocket, something SpaceX is also attempting to pull off. Tech CEOs including Bezos, Musk and Google's Sundar Pichai have extolled the possibility of building AI computing clusters in space.The concept is unproven, although Alphabet's Google and satellite operator Planet Labs struck a deal to send up two prototype satellites with Google AI chips on board in 2027.\"I do guess that a lot of the world gets covered in data centers over time,\" Altman recently said on a podcast with Theo Von. \"Like, maybe we build a big Dyson sphere around the solar system and say, \"Hey, it actually makes no sense to put these on Earth.\"The discussions over a potential rocket investment began taking shape at a time when market enthusiasm for AI was at a peak. Altman announced a series of chip and data center deals in September and October with companies including Oracle, Nvidia, Advanced Micro Devices and others.Investors greeted those announcements warmly, with Oracle and Nvidia shares rising rapidly in the weeks after the announcements, where Altman promised a vast build-out of computing warehouses. But the market has since soured on expansionist AI ambitions, with Oracle shares falling about 19% in the last month and Nvidia declining some 13%.The chief financial officer of Nvidia said this week that the company's $100 billion deal with OpenAI has yet to be finalized.OpenAI signed up for almost $600 billion in new computing commitments in the past few months alone, raising questions about how it will pay for the developments. The startup is set to make $13 billion in revenue this year, and is also coming under pressure from the startup Anthropic, which is quickly growing sales among coders and enterprises.News Corp, owner of The Wall Street Journal and Dow Jones Newswires, has a content-licensing partnership with OpenAI.Altman is a longtime venture capitalist who once ran the startup incubator Y Combinator, which invested in Stoke. He oversees an opaque and sprawling investment portfolio that includes more than 400 companies, The Wall Street Journal reported last year.He no longer makes as many personal investments as before but isn't shy about using OpenAI's balance sheet to fund ambitious projects. Earlier this year, for example, he committed OpenAI to investing $18 billion in a new data-center company, called Stargate, alongside SoftBank.The proposed partnership with Stoke would have put Altman in even more direct competition with Musk, given SpaceX's dominant position in rocket launch and Musk's rival AI startup xAI. Altman also recently started Merge Labs, a brain-computer interface startup that competes with Musk's Neuralink, and OpenAI is building a social network that could compete with X.Striking a deal with Stoke would have given Altman exposure to a rocket, called Nova, the company has been developing. Creating a new rocket is rife with technical challenges and regulatory issues and can often take a decade, making it difficult to start a new company from scratch. Several launch companies are working to challenge SpaceX's position, including Blue Origin, Rocket Lab and Stoke.\"Should I build a rocket company?\" Altman asked rhetorically in a June podcast appearance with his brother.\"I hope that eventually humanity is consuming way more energy than we could ever be generating on Earth,\" he said.","news_type":1,"symbols_score_info":{"DXYZ":1.5,"TSLA":1.5}},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":506791853445280,"gmtCreate":1764750170385,"gmtModify":1764751843017,"author":{"id":"3575343781681994","authorId":"3575343781681994","name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575343781681994","authorIdStr":"3575343781681994"},"themes":[],"title":"","htmlText":"I see blood in the streets and I'm hungry&nbsp;","listText":"I see blood in the streets and I'm hungry&nbsp;","text":"I see blood in the streets and I'm hungry","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/506791853445280","repostId":"1179545016","repostType":2,"repost":{"id":"1179545016","kind":"news","weMediaInfo":{"introduction":"Go Trading Go","home_visible":1,"media_name":"Trading Random","id":"1081967000","head_image":"https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544"},"pubTimestamp":1764748800,"share":"https://ttm.financial/m/news/1179545016?lang=en_US&edition=fundamental","pubTime":"2025-12-03 16:00","market":"us","language":"en","title":"The 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1179545016","media":"Trading Random","summary":"The crash Tuesday of American Bitcoin, a crypto miner, was swift and dramatic.","content":"<html><head></head><body><p>The crash Tuesday of <a href=\"https://laohu8.com/S/ABTC\">American Bitcoin Corp.</a>, a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.</p><p>American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.</p><p>World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump&#39;s sons, has nosedived around 75%, grappling with increasing legal troubles.</p><p>Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/213bce8491ef3b57501cda11c6861963\" title=\"\" tg-width=\"952\" tg-height=\"647\"/></p><p>These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump&#39;s public standing. Initially, Trump&#39;s endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin&#39;s price into a measure of his political prosperity.</p><p>Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.</p><p>“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”</p><p>World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.</p><p>Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.</p><p>“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”</p><p>Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.</p><p>Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.</p><p>For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital&#39;s shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.</p><p>These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.</p><p>Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.</p><p>Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.</p><p>“People began realizing this might not align with their expectations,” Li stated.</p><p>Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”</p><p>The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.</p><p>Alt5 Sigma has not commented on recent issues.</p><p>The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.</p><p>Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.</p><p>“You’d think the president&#39;s pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 26-Minute, 51% Wipeout That Deepened the Trumps’ Crypto Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1081967000\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/c47c5e15a11ec5cf40edd30d2c7cf544);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Trading Random </p>\n<p class=\"h-time\">2025-12-03 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The crash Tuesday of <a href=\"https://laohu8.com/S/ABTC\">American Bitcoin Corp.</a>, a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.</p><p>American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.</p><p>World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump&#39;s sons, has nosedived around 75%, grappling with increasing legal troubles.</p><p>Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/213bce8491ef3b57501cda11c6861963\" title=\"\" tg-width=\"952\" tg-height=\"647\"/></p><p>These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump&#39;s public standing. Initially, Trump&#39;s endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin&#39;s price into a measure of his political prosperity.</p><p>Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.</p><p>“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”</p><p>World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.</p><p>Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.</p><p>“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”</p><p>Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.</p><p>Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.</p><p>For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital&#39;s shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.</p><p>These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.</p><p>Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.</p><p>Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.</p><p>“People began realizing this might not align with their expectations,” Li stated.</p><p>Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”</p><p>The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.</p><p>Alt5 Sigma has not commented on recent issues.</p><p>The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.</p><p>Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.</p><p>“You’d think the president&#39;s pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABTC":"American Bitcoin"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179545016","content_text":"The crash Tuesday of American Bitcoin Corp., a crypto miner, was swift and dramatic. At 9:31 a.m. on Wall Street, just a minute after trading commenced, its shares had already plummeted by 33%. Five minutes later, this figure worsened to a 42% drop, culminating in an over 50% loss by 9:56 a.m.American Bitcoin quickly became emblematic of the crypto market turmoil in late 2025 and the fall of various ventures the Trump family has championed in the digital currency arena over the past year. While the broader crypto markets have seen a decline of about 25%, particularly Bitcoin, Trump-related projects have been hit significantly harder.World Liberty Financial, co-founded by President Trump and his sons, experienced a 51% drop in its WLFI token since early September, faring worse than both Bitcoin and smaller digital tokens. Alt5 Sigma, a company endorsed by Trump's sons, has nosedived around 75%, grappling with increasing legal troubles.Additionally, memecoins named after President Trump and Melania Trump have plummeted approximately 90% and 99%, respectively, since their January highs. American Bitcoin, co-founded by Eric Trump, has fallen 75% following the recent crash.These declines have significantly eroded the substantial crypto wealth amassed by the Trump family earlier this year, bearing broader implications for both the digital asset industry and President Trump's public standing. Initially, Trump's endorsement had boosted a variety of crypto tokens during the early months of his second term, turning Bitcoin's price into a measure of his political prosperity.Currently, however, what was perceived as a Trump premium has transformed into a Trump drag, undermining one of the crucial supports for crypto assets and reflecting the rapid ebb of confidence in these speculative markets – and the president himself.“The Trump presidency has been a double-edged sword for legitimacy,” stated Hilary Allen, a law professor at American University’s Washington College of Law. “Trump initiated numerous crypto projects; however, many quickly lost value. This has not aided in achieving legitimacy through the Trump family.”World Liberty Financial and the entity behind Trump’s memecoin, Fight Fight Fight, have not commented on recent developments.Despite President Trump scaling down his public promotion of crypto, Eric Trump took to social media on Tuesday, attributing American Bitcoin’s poor performance to the expiration of a lockup period for its shares rather than wider market weaknesses.“Our fundamentals are virtually unmatched,” he wrote in a post on X. “I’m 100% committed to leading the industry.”Indeed, dramatic shifts in assets linked to the Trump family are not unusual for a notoriously volatile industry. Digital tokens have previously experienced steep declines before rebounding. As American Bitcoin faltered on Tuesday, Bitcoin itself enjoyed one of its best days in weeks, climbing approximately 6%.Earlier this year, Trump’s endorsement of the technology had sparked hopes of lifting digital tokens out of their repetitive boom-bust cycle to become a reliable financial system component. Many crypto enthusiasts believed Trump could ensure the success of his cherished projects.For a while, this cross-promotional strategy appeared effective. Supporters of President Trump bought Trump tokens, driving up their value. Gryphon Digital's shares soared 173% after announcing a merger with Eric Trump’s American Bitcoin in May, followed by another 16% rise when trading began post-merger in September.These initiatives benefited from policies and regulatory shifts Trump advocated, particularly legislation aimed at mainstreaming crypto stablecoins pegged to the dollar.Nevertheless, warning signs grew progressively clearer. The memecoins launched pre-inauguration with Trump’s extensive promotion steadily lost momentum, witnessing only sporadic recovery moments, such as the April rally following a dinner invitation from the president to major memecoin holders.Joel Li, CEO of an online marketplace for electric vehicles, bought the memecoin for the dinner but sold out shortly thereafter, noting worsening conditions post-Trump’s October tariff escalation against China.“People began realizing this might not align with their expectations,” Li stated.Michael Terpin, a seasoned crypto investor, noted the tariffs served as a stark reminder: “Trump giveth and Trump taketh away.”The challenges extend beyond broader market uncertainties. American Bitcoin faced scrutiny over its mining machines, sourced from a Chinese manufacturer, being investigated for US national security risks. Meanwhile, Alt5 Sigma confronted executive departures following a criminal probe in Rwanda involving one of its subsidiaries.Alt5 Sigma has not commented on recent issues.The downturn since October has erased over $1 billion from the Trumps’ crypto ventures, yet they retain significant profits, per Bloomberg Billionaires Index. Retail investors who bought assets at peak values are bearing the brunt of the losses.Kevin Hu, a 22-year-old student in Vancouver, anticipated a continued rally but watched his digital token portfolio shrink by up to 40% mid-November.“You’d think the president's pro-crypto stance would establish a market floor,” he remarked. “But the reality was different. The memecoin controversies disillusioned many.”","news_type":1,"symbols_score_info":{"ABTC":2}},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":508228993786240,"gmtCreate":1765101144646,"gmtModify":1765104901552,"author":{"id":"3575343781681994","authorId":"3575343781681994","name":"White Cat","avatar":"https://community-static.tradeup.com/news/06d363ddd2da6266ae05f61b5862984a","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3575343781681994","authorIdStr":"3575343781681994"},"themes":[],"htmlText":"jpm analyst always accurate one. say no ai bubble then bo ai bubble","listText":"jpm analyst always accurate one. say no ai bubble then bo ai bubble","text":"jpm analyst always accurate one. say no ai bubble then bo ai bubble","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/508228993786240","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}