Odaily星球日报讯 摩根大通报告指出，以 KWEB（KraneShares CSI China InternetETF ）衡量，中国互联网行业年初至今平均股价已上涨 22%，认为这主要是受到中国人工智能行业重燃的驱动。 报告表示，在摩通的覆盖范围内，除腾讯控股（00700.HK）之外，大多数与人工智能相关的股票今年迄今的表现都超过了行业平均水平，如阿里健康（00241.HK）升 47%、快手（01024.HK）升 29%、金山云（03896.HK）升 98%、百度（09888.HK）升 16%。（金十）

Odaily星球日报讯 摩根大通报告指出，以 KWEB（KraneShares CSI China InternetETF ）衡量，中国互联网行业年初至今平均股价已上涨 22%，认为这主要是受到中国人工智能行业重燃的驱动。报告表示，在摩通的覆盖范围内，除腾讯控股（00700.HK）之外，大多数与人工智能相关的股票今年迄今的表现都超过了行业平均水平，如阿里健康（00241.HK）升 47%、快手（01024.HK）升 29%、金山云（03896.HK）升 98%、百度（09888.HK）升 16%。（金十）

摩根大通：受人工智能驱动，中国互联网年初至今平均股价已涨22%

Odaily report: According to a Morgan Stanley report, the average stock price of the Chinese internet industry, as measured by KWEB (KraneShares CSI China Internet ETF), has increased by 22% year-to-date, which is believed to be driven by the resurgence of China's AI industry. The report states that, within Morgan Stanley's coverage, except for Tencent Holdings (00700.HK), most stocks related to AI have outperformed the industry average so far this year, such as Alibaba Health (00241.HK) up 47%, Kuaishou (01024.HK) up 29%, Kingsoft Cloud (03896.HK) up 98%, and Baidu (09888.HK) up 16%. (Jinshi)

Odaily Odaily report: A Morgan Stanley report pointed out that based on KWEB (KraneShares CSI China Internet ETF), the average stock price of the Chinese Internet industry has risen 22% year-to-date, believing that this is mainly driven by the resurgence of the Chinese artificial intelligence industry. The report stated that within Morgan Stanley's coverage, except for Tencent Holdings (00700.HK), most stocks related to artificial intelligence have outperformed the industry average so far this year, such as Ali Health (00241.HK) up 47%, Kuaishou (01024.HK) up 29%, Kingsoft Cloud (03896.HK) up 98%, and Baidu (09888.HK) up 16%. (Jinshi)

JPMorgan Chase: Driven by artificial intelligence, the average share price of China's Internet companies has risen by 22% since the beginning of the year

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...