OURGAME INTERNATIONAL HOLDINGS LIMITED 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 聯 眾 國 際 控 股 有 限 公 司* （ 根據開曼群島法律註冊成立之有限公司） （股份代號：6899） 自願公告 戰略性投資加密貨幣 推動區塊鏈技術與本集團業務融合 本公告乃由聯眾國際控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）自願作出。 徐金 – 1 – . 拓展基於區塊鏈的支付方式，覆蓋AGAE的全球IP組合，包括電競賽事、遊戲平台和沉 浸式娛樂場館； . 開發自主RWA代幣化模型，例如現場娛樂權益、物業管理收益以及影視╱動畫IP的貨 幣化；及 . 為穩定 幣和功 能型代 幣的整合 奠定基 礎，以 提升用 戶參與 度、促進 跨境交 易，並 增強 整個生態體系的流動性。 AGAE首席執行官James Li表示：「我們不僅將加密貨幣視為價值儲存手段，更將其視為推 動 AGAE 未來 業 務 發展 的 戰 略基 ...

你们怎么哪家交易所出事都要骂呀。不像我，早就麻木了，谁出事都懒得骂。即便我也是受害者（本次币安小号被爆70万刀，bp被爆80万刀）玩不了就别玩了呗，这圈子不早就是粪坑了。 ...

Group 1 - Bitcoin is experiencing a decline as investors are avoiding risky assets due to U.S.-China trade tensions and anticipation of a speech from Federal Reserve Chair Jerome Powell [1] - The U.S. and China are set to impose new port fees on each other's ships, following President Trump's recent tariff threats against China [1] - Markets are closely watching for indications regarding the pace of future interest-rate cuts from Powell's upcoming speech at the National Association for Business Economics meeting [1] Group 2 - Recent significant declines in cryptocurrencies indicate a rapid unwinding of risk in a market characterized by automatic margin calls and fragmented liquidity, according to Tickmill Group's Patrick Munnelly [2]

Group 1 - Cryptocurrency concept stocks have declined, with Okex Chain (01499) down 9.09% to 0.3 HKD, Jinyong Investment (01328) down 6.01% to 6.1 HKD, and OSL Group (00863) down 3.72% to 15.54 HKD [1] - The virtual currency market has experienced a significant drop, with Bitcoin falling 3% to 111,959.9 USD and Ethereum dropping over 4% to 4,002.45 USD [1] - The recent decline in the cryptocurrency market was triggered by comments from Trump regarding tariffs, leading to a sharp sell-off [1] Group 2 - A trader made a shocking profit of 160 million USD by shorting Bitcoin during the market turmoil, highlighting the volatility and risks in the cryptocurrency sector [1]

Core Viewpoint - Ethereum experienced a significant intraday decline of 5.00%, currently priced at $4029 per coin [1] Group 1 - Ethereum's price dropped to $4029, indicating a notable decrease in value [1] - The decline of 5.00% reflects market volatility and investor sentiment towards cryptocurrencies [1]

Group 1 - PayPay, a Japanese payment application operator, plans to conduct an IPO in the US as early as December, with a potential valuation exceeding 3 trillion yen (approximately 20 billion USD) [1] - SoftBank has been meeting with institutional investors since mid-September to discuss PayPay's potential valuation, with a general consensus around a baseline of 2 trillion yen, but some believe it could surpass 3 trillion yen [1] - The current valuation is primarily based on PayPay's expansion performance in Japan, while investor opinions on its overseas expansion prospects vary, which could be a key factor for a higher valuation [1] Group 2 - PayPay is a leader in Japan's QR code payment market and has been instrumental in shifting Japanese consumers from cash to cashless payments, with cashless payment rates exceeding 40% in Japan, compared to over 80% in South Korea and China [2] - The financial segment, which includes PayPay, reported an operating profit of 18.1 billion yen for the April to June quarter, more than doubling year-on-year, indicating structural profit improvement and future growth potential [2] - PayPay is also strengthening its cryptocurrency business, having acquired a 40% stake in Binance's Japanese operations and planning to launch new cryptocurrency services [2]

Group 1 - Short sellers in the US stock market are experiencing their worst annual returns in five years, attributing losses to retail investors following trends blindly [1] - A portfolio of 250 heavily shorted US stocks has surged by 57% this year, marking the best performance since a significant rise of 85% in 2020 [1] - Notable stocks like Terawulf and Hertz have seen price increases of 155% and 50% respectively, with over 40% of their shares being shorted [1] Group 2 - The current bull market cycle has extended too long with too short corrections, leading to a diminished demand for traditional short selling [1] - Active short selling, which involves researching companies and publishing reports, is now seen as the only sustainable way to profit from shorting stocks [1] - Prominent short sellers like Carson Block and Jim Chanos have largely "surrendered" due to the rise of passive investment funds that indiscriminately buy entire indices, propelling the US stock market higher [1] Group 3 - The advertising group AppLovin exemplifies the challenges faced by short sellers, with its stock rising 65% despite multiple short reports alleging inflated AI capabilities [2] - AppLovin has strongly denied allegations of financial misconduct, labeling the reports as "baseless" and filled with inaccuracies [2] - The current market environment has made it nearly impossible for short sellers to succeed, particularly in the "junk stock" category [2] Group 4 - The market is experiencing a frenzy across various sectors, including cryptocurrency, nuclear energy, quantum technology, and AI-related concepts, leaving little refuge for short sellers [3] - Trevor Milton, founder of Nikola, is attempting a comeback in the aviation industry, highlighting the ongoing speculative nature of the market [3]

Group 1 - The core point of the article highlights the performance of Bitcoin and Ethereum futures in the market, with Bitcoin futures experiencing a decline while Ethereum futures saw a significant increase [1] Group 2 - As of the close on October 13, Bitcoin futures on CME fell by 0.75%, nearing $116,000 [1] - The spot price of Bitcoin increased by 0.59%, also approaching $116,000 [1] - CME Ethereum futures rose by 6.81%, reaching $4,280.50 [1]

Core Insights - A significant crash occurred in the cryptocurrency market on October 11, 2025, with Bitcoin experiencing a maximum daily drop of over 17% [2] - Major cryptocurrencies like Ethereum saw declines exceeding 20%, while altcoins faced severe losses, with some nearly reaching zero [2] - The total liquidation amount across the network surpassed $19 billion, affecting 1.64 million investors [2] Market Impact - The event has been labeled "Black Saturday," marking a historic downturn in the cryptocurrency sector [2] - The widespread nature of the crash indicates a systemic risk within the cryptocurrency market, affecting both large and small investors [2]

Group 1 - Goldman Sachs predicts that U.S. households will become the largest buyers of U.S. stocks by 2026, with net purchases expected to reach $520 billion, a 19% increase year-over-year [1] - Corporate stock net purchases are forecasted to be $410 billion in 2026, reflecting a 7% year-over-year growth [1] - The revival of M&A activity is expected to boost corporate stock demand, although the ongoing recovery in IPOs may partially offset this growth [1] Group 2 - Goldman Sachs' U.S. stock sentiment indicator has turned positive for the first time since February, recording +0.3, indicating a neutral position among various investors [1] - Among the nine components of the sentiment indicator, only passive fund flows and retail financing debt are significantly above their 52-week averages [1] - There are signs of localized bubbles in the U.S. stock market, with sectors like quantum computing, cryptocurrency, and drones seeing over 50% gains in the past month [1] Group 3 - Foreign investors are expected to reduce their net purchases of U.S. stocks to $250 billion by 2026, following a trend of $280 billion in net purchases from May to June this year [2] - Mutual funds and pension funds are projected to be the largest sellers of U.S. stocks in 2026, with mutual funds expected to sell $580 billion due to low cash reserves and ongoing outflows from actively managed funds [2] - Pension funds are anticipated to sell $200 billion in stocks to reallocate assets from equities to fixed income, supported by their current high funding levels [2]