Breakfast | SEC social media account hacked, causing massive cryptocurrency liquidation, Bank of America customers flee US stocks with over $2 billion.

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Market: Overnight and this morning

S&P and Dow Jones stop their two-day winning streak, Tesla leads the decline in blue-chip tech stocks, Chinese concept stocks index falls for the fourth consecutive day

Samsung Electronics issues profit warning, Boeing continues to weigh down Dow Jones. US stocks opened lower and traded lower, with Dow Jones and S&P pulling back after two consecutive trading days of gains, while Nasdaq barely held onto its upward momentum. Nasdaq rose 0.09%, S&P 500 fell 0.15%, and Dow Jones fell 0.42%.

Leading tech stocks are generally sluggish. Tesla fell by about 2.3%, Apple fell by over 0.2%, Meta fell by over 0.3%, Netflix fell by 0.6%, Microsoft rose by nearly 0.3%, Alphabet rose by 1.5%, and Amazon rose by 1.5%. AMD rose by over 2%, Micron Technology fell by 1.9%, Arm fell by over 1%, and Intel fell by 0.8%.

Popular Chinese concept stocks continue to decline. NIO fell by over 4%, Xpeng fell by nearly 3%, and Li Auto fell by nearly 0.8%. Dada fell by over 6%, DouYu fell by over 4%, JD.com, Tencent Music, and Bilibili fell by over 2%, Alibaba, Baidu fell by over 1%, NetEase fell by 0.7%, and Pinduoduo rose by about 2%.

What happened to blue-chip stocks and hot stocks

Market news: Loose bolts seen as a quality control issue, according to Boeing executives

Boeing and aerospace supplier Spirit AeroSystems are conducting inspections. In addition, Boeing's net orders in December reached a record high of 369 aircraft, with a total of 371 orders.

Tesla lowers the estimated range of some X, S, Y, and 3 models

The estimated range for Model Y Long Range is now 310 miles, and the estimated range for Model Y is lowered to 285 miles. In addition, Tesla is expected to deliver 654,888 vehicles in the US in 2023, increasing its market share to 4.20%, surpassing Volkswagen for the first time. Model Y surpasses Toyota Corolla in the global market and becomes the best-selling model in 2023, marking the first time that electric vehicles have outsold fuel-powered vehicles on an annual basis.

Intel acquires electric vehicle software startup Silicon Mobility SAS, price undisclosed

Amazon launches new video streaming feature "Matter Casting" to compete with Apple's AirPlay

Matter Casting enables iPhone and Android users to wirelessly stream videos to Amazon TV hardware, making it easier for iOS and Android phones to send videos to Amazon devices.

Market news: Amazon's Twitch to lay off 500 employees, accounting for approximately 35% of total workforce.

Apple Vision Pro will be available in all Apple offline and online stores in the US on February 2ndMicrosoft and OpenAI's collaboration may face potential merger investigation by the European Union

GlaxoSmithKline to acquire Aiolos for up to $1.4 billion

Xiaomi Auto: No plans to collaborate with third-party car companies to launch a "Smart Selection" car

Dong Yuhui's new account breaks 150 million in sales and 1.1 billion likes

On the evening of January 9th, Dong Yuhui's new Douyin account "Walking with Yuhui" premiered. According to Dong Yuhui's live broadcast, the sales in the live room have exceeded 150 million after 3 hours of broadcasting. At the same time, the number of likes in the "Walking with Yuhui" live room has also exceeded 1.1 billion.

Baidu responds to Four-Dimensional Tu Xin copyright case loss: will apply for retrial to the Supreme Court

China Evergrande responds to "short-selling institution claims Evergrande has never been profitable"

China Evergrande stated that the short-selling report did not provide substantial evidence to prove that the company has never been profitable. The so-called conclusion is only the author's speculation and doubt; the report used the 2023 results to argue the accuracy of its 2016 forecast for the company, which has no substantial basis.

IPO Opportunities

iFlytek: Plans to spin off its subsidiary, iFlytek Medical, for listing on the Hong Kong Stock Exchange.

Macro: Taking you around the world

Bank of America customers withdraw over $2 billion from US stocks in the first week of 2024

As the US stock market fell in the first trading week of this year, Bank of America's customers fled US stocks, resulting in the largest outflow of funds since July last year in the four trading days ending last Friday. Institutional investors, hedge funds, and retail investors all sold off US stocks last week, withdrawing $2.1 billion from the US stock market.

SEC's social media account hacked, "officially announcing" approval of Bitcoin ETF, cryptocurrency experiences massive sell-off

The US Securities and Exchange Commission (SEC) tweeted on the social media platform X after the US stock market closed, stating that the SEC has approved the listing of a Bitcoin ETF (without specifying whether it is a spot ETF). SEC Chairman Gary Gensler subsequently urgently tweeted on the social media platform X, saying, "SEC's X account has been hacked, and an unauthorized tweet has been posted. SEC has not yet approved the listing of a Bitcoin spot ETF."

During this period, Bitcoin fluctuated by more than $3,000, and over $40 million in funds were liquidated across the entire cryptocurrency market within an hour. The official SEC X account has now deleted the previous tweet claiming to have approved the Bitcoin ETF and stated that the account was hacked.

Valkyrie Chief Investment Officer: 95% confident that Bitcoin spot ETF will start trading on Thursday

Bitcoin ETF not yet launched, fee competition has already begun

Companies applying to issue Bitcoin ETFs are competing to lower fees, with at least four companies having already lowered their fees. Bitwise's rate has been reduced to just 20 basis points.