AI has been a ‘net negative’ for crypto: Phemex CEO
Published . Updated .
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- SUPX SUPERX AI TECHNOLOGY LTD
GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ABAT AMERICAN BATTERY TECHNOLOGY
GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ACM AECOM TECHNOLOGY CORP
GA selected ACM as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- AOSL ALPHA & OMEGA SEMICONDUCTOR LT SHS
GA selected AOSL as a RELATED security because its canonical security name directly matches this event's themes: semiconductor. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
Source: Cointelegraph
The price since 16 Sep 2026: SuperX AI Technology (SUPX) versus the S&P 500
Since the first closing price after “AI has been a ‘net negative’ for crypto: Phemex CEO,” SuperX AI Technology (SUPX) is -2.82%. The S&P 500 fund (SPY) is +0.52% over the same days, a -3.34% difference versus the market.
Filings that name SuperX AI Technology (SUPX) around 16 Sep 2026
- Donald J Trump buy Aecom (ACM) ($1,001 - $15,000). That is 19 days before publication, inside 30 days. The filing is listed beside the story “AI has been a ‘net negative’ for crypto: Phemex CEO.”
- Donald J Trump sell Aecom (ACM) ($1,001 - $15,000). That is 23 days before publication, inside 30 days. The filing is listed beside the story “AI has been a ‘net negative’ for crypto: Phemex CEO.”
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around SuperX AI Technology (SUPX)
Companies mentioned with this story
- SUPX SuperX AI Technology
In “AI has been a ‘net negative’ for crypto: Phemex CEO,” SuperX AI Technology (SUPX) is linked, with no stored direction, medium confidence. Reason on file: GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ABAT American Battery Technology
For “AI has been a ‘net negative’ for crypto: Phemex CEO,” American Battery Technology (ABAT) is linked, with no stored direction, medium confidence. Reason on file: GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ACM Aecom
For “AI has been a ‘net negative’ for crypto: Phemex CEO,” Aecom (ACM) is linked, with no stored direction, medium confidence. Reason on file: GA selected ACM as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AOSL Alpha & Omega Semiconductor
For “AI has been a ‘net negative’ for crypto: Phemex CEO,” Alpha & Omega Semiconductor (AOSL) is linked, with no stored direction, medium confidence. Reason on file: GA selected AOSL as a RELATED security because its canonical security name directly matches this event's themes: semiconductor. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BBAI BigBear.ai Holdings
In “AI has been a ‘net negative’ for crypto: Phemex CEO,” BigBear.ai Holdings (BBAI) is linked, with no stored direction, medium confidence. Reason on file: GA selected BBAI as a RELATED security because its canonical security name directly matches this event's themes: ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CGNT Cognyte Software
Cognyte Software (CGNT) is linked, with no stored direction, medium confidence in the 16 Sep 2026 story “AI has been a ‘net negative’ for crypto: Phemex CEO.” Reason on file: GA selected CGNT as a RELATED security because its canonical security name directly matches this event's themes: software. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How “AI has been a ‘net negative’ for crypto: Phemex CEO” reaches SuperX AI Technology (SUPX)
The 16 Sep 2026 story “AI has been a ‘net negative’ for crypto: Phemex CEO” names SuperX AI Technology (SUPX) because of this story.
The link for SuperX AI Technology (SUPX) is this: GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, American Battery Technology (ABAT): GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for SuperX AI Technology (SUPX)
ABAT traded between 1.42 and 2.42 across 20 sessions. The latest close on file is 1.44. ACM traded between 56.41 and 63.73 across 20 sessions. The latest close on file is 57.99. SUPX traded between 6.15 and 7.09 across 10 sessions. The latest close on file is 6.72.
A simple score for SuperX AI Technology (SUPX)
46 out of 100
“AI has been a ‘net negative’ for crypto: Phemex CEO” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.