The global stock market is experiencing a significant downturn in the wake of the Binance hack and growing fears regarding the sustainability of investments in artificial intelligence. Investors are increasingly skeptical about the potential returns from AI investments. Major stock indices, including those from the United States, Japan, South Korea, Turkey, China, and Taiwan, have collectively lost approximately $1.7 trillion in value. Precious metals such as gold and silver have also seen a sharp decline, dropping nearly $1 trillion. In the cryptocurrency sector, the market has lost around $140 billion following the Binance incident. European stocks have lost an estimated €58 billion in market capitalization in just one day. Overall, the total market value loss of assets approaches $3 trillion within a 24-hour period.
