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Market is a decentralized money market protocol that provides instant liquidity and leverage on assets. Market aims to simplify the lending process for communities by separating the risk of each collateral type.
Jin10 Data Roundup: Central Banks, OpenAI, and Market Headlines
Jin10 data shows that the central bank will conduct daily overnight reverse repos starting on November 2, with an operation rate of 1.25%. OpenAI's funding target has dropped sharply by $10 billion, lowering its valuation to $1.25 trillion. Logan and Musalem's remarks on potential rate hikes triggered significant volatility in spot gold and silver, as well as the US semiconductor sector.
Morgan Stanley: Oracle's financing path is clearer, maintains $210 target price
Morgan Stanley maintains a "Market Perform" rating and a $210 price target, noting that the funding and returns framework has become clearer. The key going forward will be timely capacity delivery and sustained profit margins.
Chainlink Launches 24/7 Market Data Service, Aave Becomes First Partner
According to the official announcement from Chainlink, Chainlink 24/7 is now live, providing 24/7 on-chain market data for real-world assets (RWA) such as stocks and commodities, covering weekends and holidays, and supporting tokenized asset trading, collateral valuation, and on-chain risk management. Decentralized lending protocol Aave has become the first partner and will utilize this service for 24/7 collateral management.
GMO Ransomware Attack Hits Japan's Credit Market, Bond Spread Widens 52 Basis Points in 5 Days
Odaily Report: After a publicly listed company under Japan's GMO Internet Group suffered a cyberattack, related risks are spreading to Japan's credit market. Data shows that the spread on a GMO Internet Group yen bond maturing in June 2031 widened to approximately 174 basis points on October 28, up from about 122 basis points on October 20—before the company disclosed the unauthorized access incident—reflecting investor concerns over damaged earnings and rising compensation costs.The GMO subsidiary that provides cloud services disclosed on October 21 that it had suffered unauthorized access and received a ransom demand of approximately 8 billion yen (about $50.7 million). The attackers subsequently published data they claimed contained customer information. GMO refused to pay the ransom and plans to compensate customers for their losses. Analysts noted that as AI-powered cyberattacks increase, such incidents could affect corporate financing and bond issuance arrangements.GMO Internet operates the cryptocurrency exchange "Z.com EX," which has obtained licenses from the Thailand Securities and Exchange Commission and the Thai Ministry of Finance. The exchange disclosed that it has been acquired, with the acquisition involving all shares of the target company held by shareholders including GMO Internet and its related subsidiaries. It remains unclear whether customer information data involves the related cryptocurrency exchange. (Bloomberg)
Perfectly Timing the Cash-Out Exit? PIMCO Sells Down Meta Debt at High Levels to Avoid Partial AI Bond Market Losses
According to Bloomberg, asset management giant Pacific Investment Management Company (PIMCO) had heavily participated in debt financing for AI data centers in 2025. However, it recently successfully avoided partial losses from the pullback in the AI bond market and realized profits by exiting portions of its positions early, conducting interest rate hedging, and walking away from some follow-on transactions.
Bonk Guy: Onchain Meme Market Is Far From Bottoming Out, Historic Opportunities May Reappear
Odaily reports: Bonk Guy posted stating that the view that onchain trading and the Meme coin market have fallen into the worst period in history reflects a misperception within the crypto community (CT) regarding the current state of the market. Over the past 4 months, about 6 new tokens reached market caps of $100 million to $300 million or more, among which PONS started from zero and its fully diluted valuation (FDV) once reached $960 million, while the FDVs of tokens such as ANSEM, CASHCAT, AI, and STONK also all broke through $300 million at one point. In addition, dozens of new tokens surpassed $10 million in market cap, and despite the deterioration in market structure, tokens with sharp gains still occasionally emerge onchain.Bonk Guy compared the current market with previous downturn periods, noting that before the emergence of Robinhood Chain, the market went through a long stretch with almost no notable rallies; and after the launch of the TRUMP token last year and before the initial rise of BonkFun, there was also a period of about half a year during which almost no token could break through a market cap of $2 million to $5 million.He believes that although the current market is no longer in the broad rally phase seen a few months ago, this does not mean trading opportunities have disappeared. He expects the market may recover soon, even faster than most people anticipate, and suggests paying attention to tokens that have already demonstrated the ability to deliver outsized performance in the previous cycle, seeking opportunities during market pullbacks. The market is currently filled with pessimism and negative narratives, and investors should not be swayed by the noise. Historical experience shows that some previously strong tokens may not only return to their prior highs but even break through further once the next market cycle begins. The biggest opportunities often appear before market sentiment reverses and while mainstream investors have yet to change their views.
Crypto Market Liquidations Surpass $1.54 Billion as Binance Attack Triggers Sell-Off
Odaily reports: Cryptocurrency market liquidations exceeded $1.54 billion on Friday morning, with an attack on Binance triggering a market-wide sell-off. Long positions accounted for approximately $1.29 billion in liquidations, representing over 80% of the total. Binance stated that attackers stole approximately $6.3 billion, with the investigation pointing to a compromised laptop belonging to a DevOps engineer.Bitcoin briefly dropped to $76,320, with related liquidations approaching $500 million; Ethereum long liquidations exceeded $300 million. Bitcoin subsequently rebounded to $78,400 but remains down 2% over the past 24 hours and 5% below its price at the start of the month.Binance said partners have frozen approximately $3 billion of the stolen funds, and the company will draw on its Secure Asset Fund for Users (SAFU) and corporate reserves to cover remaining customer losses. Deposits and withdrawals remain suspended, and Binance has revoked authorizations for affected addresses while contacting law enforcement and blockchain intelligence partners to trace the funds. On-chain analyst ZachXBT linked the attack to the North Korea-affiliated threat group Tradertraitor. (Bitcoin.com News)
Ballet Founder: BTC Stolen from Binance May Be Difficult to Recover, Crypto Market Already Able to Withstand Tens of Billions in Losses
According to Bloomberg reports, Bobby Lee, founder of the digital asset hardware wallet company Ballet, stated in an interview with Bloomberg Television that the Bitcoin stolen in the Binance security incident is likely irrecoverable, as the related assets have already fallen into the hands of the hackers. He noted that stablecoins are currently the asset type with the most realistic chance of recovery, but freezing assets does not mean the recovery process is complete. Binance will still need to cooperate with law enforcement agencies on the investigation and formally apply to claim the frozen assets.
KuCoin Suspends Services for Russian and Belarusian Users, Provides Asset Withdrawal Process
Odaily reports: Cryptocurrency exchange KuCoin has announced the immediate suspension of all products and services for users in Russia and Belarus, citing legal and regulatory compliance considerations. KuCoin will provide an orderly exit process allowing users to withdraw their assets.On Thursday, the Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custodians. The central bank's register currently lists 23 cryptocurrency exchanges and 8 digital asset custodians, and registered entities must join a self-regulatory organization within 90 days. (Cointelegraph)
Russia plans to introduce cryptocurrency investor testing standards, with brokerages potentially leading the rollout by the end of November.
According to Russian RBC, Ekaterina Andreeva, First Vice President of the National Association of Market Participants (NAUFOR), stated at Crypto Summit 2026 that testing standards for investors purchasing cryptocurrencies on Russian-regulated platforms have been finalized. The draft was submitted to the Standards Committee of the Central Bank of Russia last week. Brokerages will be the first to obtain eligibility to test clients, with the rollout expected to begin as early as late November. Test results will be valid across all regulated platforms, and question banks and procedures for various licensed institutions are expected to remain unified.
Beijing Investigates First Blockchain Pyramid-Selling Assistance Case; Involved Company Fined and Confiscated Over 930,000 Yuan
According to the Beijing Daily app, the Haidian District Market Regulation Bureau in Beijing has investigated and penalized the city's first illegal case involving the use of blockchain and virtual currency technologies to assist in pyramid selling operations. The involved tech company was fined and had its illegal gains confiscated, totaling over 930,000 RMB. The company served as an outsourced service provider for a public chain, offering operational support, marketing services, promotional campaigns, exchange integration, and maintenance.
Australian Regulator: Polymarket Already Blocked, No Prediction Market Operator Has Applied for a License
Odaily reports: Sarah Court, Chair of the Australian Securities and Investments Commission (ASIC), said at a parliamentary hearing on Thursday that the agency has not yet received any applications from prediction market operators. She noted that such platforms may face gambling regulation in Australia rather than financial market regulation, and that any operating license application would face strict scrutiny.Court said that the trading mechanism of prediction markets is similar to binary options, which Australia has already banned, featuring an all-or-nothing outcome, and that the underlying assets are often unrelated to investments or financial markets. She also noted that although Australian users can directly access relevant overseas platforms, they are not protected by local financial regulation and have difficulty obtaining measures such as dispute resolution and client fund protection.In August of this year, the Australian Communications and Media Authority required internet service providers to block the Polymarket website and classified it as an illegal online gambling site. (Bloomberg)
Analysis: A "Hidden Bear Market" Is Unfolding in US Stocks, With 75% of Tech Stocks Already in Bear Market Territory
Odaily reports: The Kobeissi Letter posted on the X platform that the Nasdaq 100 index has shed approximately $4 trillion in market value in 25 days, with AI stocks falling more than 13% in October, while the S&P 500 excluding AI stocks rose 8% over the same period and hit a record high on Friday. The S&P 500 is currently just 3.5% away from its all-time high, yet about 58% of its constituents are down at least 20% from their respective peaks, 75% of tech stocks have entered bear market territory, and within the information technology sector, as many as 91% of stocks are down at least 10% from their highs.The Kobeissi Letter believes that the current selling pressure is concentrated mainly in tech-related stocks, and that most investors, given their heavy tech exposure, are feeling market stress far greater than what the major indices reflect. It also notes that record-scale capital expenditure by companies investing in the AI technology revolution, along with a normal market correction, may lay the foundation for the next leg up, and expects the market to remain highly volatile in November.
Ansem on Short-Term Trading Risk Control: Even If Market Movements Fail to Meet Expectations, Consider Exiting Early
Crypto trader Ansem stated that risk management for short-term trading should not solely focus on price and stop-loss levels, as time is also a key indicator. If the market fails to move in the expected direction for an extended period, traders should reassess their trading logic even if the stop-loss has not yet been triggered.
Analyst: Binance Hack Shakes Market, Fear and Greed Index Drops to Lowest Since August
Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.
Bonk Guy: Altcoins Show Relative Strength Against Bitcoin, Believes Most Selling Pressure May Have Been Absorbed
Bonk Guy posted that although Bitcoin has further dropped from around $79,000 to near $77,000, most altcoins have shown relatively strong resilience against Bitcoin. While some tokens also declined, the drops were relatively limited. Binance appears to have bought back most of the tokens sold off during the hack incident, and approximately $3 billion in assets have been frozen and are expected to be returned. Of the $6.3 billion in losses involved in this incident, about half has been frozen, and the remaining portion may also be recovered within a reasonably short timeframe.Bonk Guy expects that Bitcoin may decline further and form a阶段性 low, but most of the selling pressure on altcoins may have already been released. Market conditions could improve over the coming weeks to months, and he believes it is currently more suitable to go long on altcoins, buying in batches during pullbacks.
Ignas: Assets like HYPE and ZEC Show Independent Price Action, Crypto Market Still Has Structural Opportunities
DeFi researcher Ignas posted on X stating that during the current market downturn, the "buy the dip" sentiment commonly seen in the past has rarely appeared on social media. Although some market participants believe that Bitcoin holding the $77,000 to $80,000 range is a bullish signal, most crypto traders may already hold substantial token positions, and some investors would rather wait for price confirmation of an uptrend before buying than bottom-fish amid panic. Assets decoupled from Bitcoin's price action such as HYPE, as well as "conviction tokens" like ZEC and revenue-generating assets like HYPE, remain attractive. However, there is currently insufficient potential buying interest—retail investors who previously favored crypto assets are now being buffeted by volatility in assets such as AI stocks, gold, and quantum computing, and crypto ETF fund flows have also turned to net outflows over the past 30 days.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Analyst: Binance Hack Shakes Market, Fear and Greed Index Drops to Lowest Since August
Odaily report: Crypto analyst Darkfost posted that market sentiment deteriorated noticeably within a single day, with the Fear and Greed Index falling from 51 (neutral) to 30 (fear), the lowest level since mid-August. Over the same period, Bitcoin dropped about 4% to 5% within 24 hours, briefly touching a six-week low near $76,500; Ethereum fell below $2,200, and total liquidations across the market exceeded $1.6 billion in the past 24 hours.Darkfost noted that historically, periods of market pessimism often correspond to accumulation opportunities, but the current index reading of 30 only represents fear and has not yet entered the extreme fear zone below 25, suggesting market sentiment may remain under pressure. In addition, this round of decline was partly triggered by Binance's $6.3 billion hack incident and did not stem entirely from a clear deterioration in market fundamentals.
Bonk Guy: Altcoins Show Relative Strength Against Bitcoin, Believes Most Selling Pressure May Have Been Absorbed
Bonk Guy posted that although Bitcoin has further dropped from around $79,000 to near $77,000, most altcoins have shown relatively strong resilience against Bitcoin. While some tokens also declined, the drops were relatively limited. Binance appears to have bought back most of the tokens sold off during the hack incident, and approximately $3 billion in assets have been frozen and are expected to be returned. Of the $6.3 billion in losses involved in this incident, about half has been frozen, and the remaining portion may also be recovered within a reasonably short timeframe.Bonk Guy expects that Bitcoin may decline further and form a阶段性 low, but most of the selling pressure on altcoins may have already been released. Market conditions could improve over the coming weeks to months, and he believes it is currently more suitable to go long on altcoins, buying in batches during pullbacks.
Three Wall Street Firms Recommend Buying Crypto Stocks on the Dip, Say Binance Hack Unlikely to Derail Market Recovery
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Trader Killa: Binance Hack Incident May Mark the Market Bottom; a Subsequent Rally Is the Best Way toRecoup Losses
trader Killa stated in a post that the FTX collapse once marked a market bottom, and the recent Binance hack incident may have a similar effect. He believes the best way to recoup losses is to drive prices up significantly rather than push them further down, noting that Binance holds billions of dollars worth of Bitcoin and has the financial capacity to launch billion-dollar-scale long positions, and that such operations may not be directly observable by retail investors.Killa also speculated that Binance may have generated approximately $1 billion in revenue through liquidations, slippage, and trading fees. Although the market may need some time to digest the short-term impact of this incident, he remains bullish on the medium- to long-term outlook for the crypto market.
Analysis: Binance Hack May Inadvertently Halt VC and Project Token Sell-Offs
Odaily reports: Some market observers suggest that following the approximately $6.3 billion hack on Binance, project teams, VCs, and associated wallets may temporarily hold off on selling their altcoin holdings. In the coming days, funds, insiders, and project-affiliated wallets may exercise greater caution before selling tokens into the market to avoid further exacerbating selling pressure.Blockchain analytics firms TRM Labs and Chainalysis have both attributed the attack to North Korea with high confidence. Binance has committed to covering user losses through its protection fund and company resources, and approximately $3 billion in stolen assets have been located, with about half frozen through stablecoin issuers such as Tether and Circle. Market analysts note that the incident has once again sparked discussions around the security of centralized trading platforms, the freezing capabilities of stablecoins, and the difficulty of tracking decentralized assets. (zerohedge)
Dragonfly Partner: Market Reaction Following Binance Hack Far More Calm Than FTX, Says Industry Has Matured
He pointed out that the losses from this theft amount to slightly over $6 billion. In dollar terms, it is roughly 25% less than FTX's funding gap. However, the market maintains high confidence in Binance's commercial credibility, and the industry quickly came together to assist one another. He believes this shows that the sector has matured.
Chainlink Launches 24/7 Market Data Service, Aave Becomes First Partner
According to the official announcement from Chainlink, Chainlink 24/7 is now live, providing 24/7 on-chain market data for real-world assets (RWA) such as stocks and commodities, covering weekends and holidays, and supporting tokenized asset trading, collateral valuation, and on-chain risk management. Decentralized lending protocol Aave has become the first partner and will utilize this service for 24/7 collateral management.
Bitwise: Ten-Year Bitcoin Price Forecast Raised from $1.3 Million to $1.6 Million
According to The Block, in its report published on Wednesday titled "2027 Bitcoin Long-Term Capital Market Assumptions," crypto asset management firm Bitwise raised its 10-year Bitcoin price forecast from $1.3 million to $1.6 million, projecting a compound annual growth rate (CAGR) of 34.3% for Bitcoin over the period. The report states that the base case scenario assumes Bitcoin will capture 25% of the global store-of-value market and 1% of institutional investment assets by 2036; its bear case is $130,686, while its bull case is $3.67 million. Bitwise Chief Investment Officer Matt Hougan stated that the company maintained its market share assumptions unchanged but increased its 2036 estimate for the global store-of-value market from $91 trillion to $110 trillion, and its institutional investment market size from $216 trillion to $303 trillion. The report also noted that Bitcoin's maximum supply is 21 million coins, with 20.1 million currently in circulation, accounting for 95.7% of the total supply.
Q3 GDP and September PCE to be released on October 29, with market expectations of 3.2% annualized GDP growth
Odaily reports: GMX 🫐 posted on X that Q3 GDP and September PCE data will be released simultaneously on October 29 at 8:30 AM ET. Market expectations are for annualized GDP growth of about 3.2%, with core PCE up about 0.3% month-over-month and about 3.1% year-over-year. The Fed voted 10-2 to keep interest rates in the 3.75%-4.00% range, with both dissenters favoring a rate hike; this will be the first batch of major data released since then and will influence the December decision.
Bitwise: Bitcoin Could Rise to $1.6 Million by 2036 Under Base Case Scenario
Odaily News: Bitwise has released its "2027 Bitcoin Long-Term Capital Market Assumptions" report, forecasting Bitcoin's returns, volatility, and correlation with equities over the next 10 years. Bitwise stated that under its base case scenario, Bitcoin is expected to rise to $1.6 million by 2036.
Market Awaits Fed Decision as BTC Short-Term Options Bearish Sentiment Cools Notably
Odaily reports: Bitcoin rose about 0.8% since midnight (UTC) on Monday to $81,400, after briefly falling below $80,000. Ethereum gained 0.9%, Asian chip stocks led a tech rebound, South Korea's KOSPI rose 6.6%, SK Hynix climbed about 11% on roughly 7x year-over-year profit growth, and Nasdaq 100 futures rose 0.5%.The Federal Reserve is about to announce its rate decision, and the CME FedWatch tool shows the market sees about a 92% probability of rates being held steady. Traders will focus on Fed Chair Kevin Warsh's press conference to gauge whether there is any possibility of a rate hike ahead. U.S. spot Bitcoin ETFs saw net inflows of $176 million on Tuesday, marking a second consecutive trading day of inflows.On the derivatives side, crypto futures trading volume rose 7.5% over the past 24 hours to $163.2 billion, open interest increased only 1.3%, and liquidations rose 38% to $183.6 million. Bitcoin rose 2.3% while open interest actually fell 0.1%; Ethereum rose 2.7% with open interest up 1.7%, indicating the price rebound has not yet been accompanied by large-scale new leverage. ZEC open interest grew 14%, higher than its 6.3% price gain over the same period, making it one of the large crypto assets with the most obvious new position building.In the options market, Deribit data shows that Bitcoin's one-week put/call skew has dropped from nearly 10% a week ago to less than 1%, indicating that demand for short-term downside protection has weakened somewhat, though the one-month, three-month and six-month tenors remain clearly skewed toward puts. Meanwhile, gold futures open interest fell 10%, while open interest for Tether's gold token XAUT rose 11.6%, showing divergent capital flows. (CoinDesk)
Robinhood CEO Says US Tokenized Market Needs Long-Term Regulatory Rules
Odaily reports: Vlad Tenev, CEO of fintech company Robinhood, said the US tokenized market needs more durable regulatory rules. On the company's third-quarter earnings call, he stated that the US Securities and Exchange Commission (SEC)'s innovation exemption is a positive step, but uncertainty in regulatory rules could deter investors from committing substantial assets to the tokenized market.Tenev said that establishing further rules or passing legislation would help provide long-term regulatory certainty. Robinhood plans to launch tokenized private company equity products overseas; in the US, the company is seeking a compliant path that fits within existing investor accreditation restrictions.Robinhood currently offers about 200 tokenized equities, backed by underlying shares, but the products are structured as tokenized debt securities and do not carry the same shareholder rights as traditional stocks, and therefore do not meet the SEC's innovation exemption requirements. In the third quarter, the company's crypto revenue fell 55% year-over-year to $120 million, while crypto notional trading volume dropped 38% to $50 billion. (Cointelegraph)
Related news
Analysis: A "Hidden Bear Market" Is Unfolding in US Stocks, With 75% of Tech Stocks Already in Bear Market Territory
Odaily reports: The Kobeissi Letter posted on the X platform that the Nasdaq 100 index has shed approximately $4 trillion in market value in 25 days, with AI stocks falling more than 13% in October, while the S&P 500 excluding AI stocks rose 8% over the same period and hit a record high on Friday. The S&P 500 is currently just 3.5% away from its all-time high, yet about 58% of its constituents are down at least 20% from their respective peaks, 75% of tech stocks have entered bear market territory, and within the information technology sector, as many as 91% of stocks are down at least 10% from their highs.The Kobeissi Letter believes that the current selling pressure is concentrated mainly in tech-related stocks, and that most investors, given their heavy tech exposure, are feeling market stress far greater than what the major indices reflect. It also notes that record-scale capital expenditure by companies investing in the AI technology revolution, along with a normal market correction, may lay the foundation for the next leg up, and expects the market to remain highly volatile in November.
Aave freezes tBTC reserves in Ethereum Core Market, suspends new deposits and collateralized borrowing
After Threshold suspended tBTC minting and redemption, Aave froze the tBTC reserves in the Ethereum core market, while existing users can still repay and withdraw.
Ansem on Short-Term Trading Risk Control: Even If Market Movements Fail to Meet Expectations, Consider Exiting Early
Crypto trader Ansem stated that risk management for short-term trading should not solely focus on price and stop-loss levels, as time is also a key indicator. If the market fails to move in the expected direction for an extended period, traders should reassess their trading logic even if the stop-loss has not yet been triggered.
Listed Japanese company Iole plans to sell all 151.21 BTC, redirecting funds to AI operations.
Iole, a listed company on the Tokyo Stock Exchange Growth Market, plans to sell all 151.21 Bitcoin through crypto asset exchanges between October 30 and the end of November. The proceeds will be primarily allocated to AI data centers, AI computing power, and the "Neo Cloud" business. The sale is expected to result in a loss of approximately 254 million yen. The company will continue to hold HYPE.
Jin10 Data Roundup: Central Banks, OpenAI, and Market Headlines
Jin10 data shows that the central bank will conduct daily overnight reverse repos starting on November 2, with an operation rate of 1.25%. OpenAI's funding target has dropped sharply by $10 billion, lowering its valuation to $1.25 trillion. Logan and Musalem's remarks on potential rate hikes triggered significant volatility in spot gold and silver, as well as the US semiconductor sector.
U.S. Stock Market Closes: Three Major Indices End Lower, Philadelphia Semiconductor Index Drops Over 7%
U.S. stocks closed lower on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declining. The Philadelphia Semiconductor Index fell 7.2%, while Intel plummeted.