Gate Ventures: Both the US stock market and the cryptocurrency market are under pressure, with 401(k) reforms and new regulations in Greece advancing compliance

According to Gate Ventures' latest market weekly report, as of the week ending November 6, 2026, global financial markets experienced significant two-way volatility. After the U.S. midterm elections, the Democratic Party took control of Congress, leading to a substantial sell-off in the artificial intelligence and semiconductor sectors, causing all three major U.S. stock indices to close lower, with the Nasdaq Composite Index and the S&P 500 Index falling by 3.37% and 2.68%, respectively. Easing geopolitical tensions drove Brent crude oil down by 13.73%, while spot gold surged by 5.03%.

The cryptocurrency market weakened simultaneously, with the overall crypto market under pressure this week, resulting in a total market capitalization decline of 4.9%. Bitcoin and Ethereum fell by 4.5% and 6.8%, respectively. Institutional allocations showed divergence, with the net holdings of U.S. spot Bitcoin ETFs decreasing by 15,575.53 BTC, while the net holdings of spot Ethereum ETFs increased by 6,639.73 ETH.

In terms of industry and regulation, the process of policy compliance continues to deepen. Greece has approved a 10% capital gains tax on cryptocurrency investment income starting January 1, 2027; the U.S. Department of Labor's proposed regulatory rules for 401(k) retirement plans have been submitted for White House review, which, if passed, will lower the threshold for allocating retirement funds to digital assets, opening new channels for long-term institutional capital inflow into the crypto market.

The primary venture capital market disclosed a total of 9 financing transactions, with a total disclosed financing amount of $27 million, where the infrastructure sector dominated with 7 financing rounds totaling $23.5 million; high-frequency trading and risk management platform LO:TECH topped the list with $12 million in Series A financing.