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According to The Block, Cathie Wood's Ark Invest purchased $2.44 million worth of Coinbase stock on Thursday, while the stock fell 9.69% that day.Ark Invest also sold 109,522 shares of Bullish stock, valued at approximately $2.27 million, and 119,841 shares of Bitmine stock, valued at approximately $2.28 million. Both Bullish and Bitmine saw declines of over 10% that day.

FOX reporter Charles Gasparino stated that according to a CEO of a financial services company, "the number of hedge funds being dragged out in this round of U.S. stock declines has reached the highest level since 2009. This is necessary. More pain is needed to prepare for the bottom."

In response to the sharp decline in U.S. stocks yesterday, most traders and analysts on Wall Street believe that the main reason is not a deterioration in fundamentals, but rather the liquidation by hedge funds. Noel Smith, Co-Chief Investment Officer of Kai Asset Management, stated: "It is extremely rare to see such a decline without significant market news. It smells like liquidation."In addition to the report last night by Bloomberg that multi-strategy hedge fund Walleye Capital will streamline its internal long-short equity business, the market generally expects several funds to be undergoing complete liquidation, or that the pods (independent investment teams) within multi-strategy funds are being forced to close positions or liquidate.According to a list released this morning by the well-known financial research community Special Situations, several hedge funds are facing difficulties, including Axebrook, Walleye, Engineers Gate, Lone Pine, Millennium internal pod, Verition pod, and Samlyn, mainly involving large redemptions, shutting down internal teams, or changing PMs.It is worth mentioning that during the major turbulence in the U.S. stock market in July this year, the AI hedge fund Situational Awareness also encountered a similar incident, with fund assets shrinking by 67%, and subsequently reached an emergency exit deal with Citadel, selling most of its publicly traded stock holdings at a discount.

According to Decrypt, Hollywood film companies and production companies are issuing guidelines prohibiting employees from using insider information to bet on prediction markets. The regulations prohibit employees from betting on events such as film company earnings reports, casting decisions, and release dates, and also prohibit sharing information with friends and family for them to place bets. At least one company has set up an anonymous hotline for employees to report colleagues suspected of betting.Penske Media, the parent company of The Hollywood Reporter, updated its employee handbook in recent weeks to prohibit betting on award nominations, casting decisions, production schedules, and release dates. Joshua Mitts, a law professor at Columbia University who studies prediction markets, stated that many employers now have to consider insider trading rules from an ethical perspective, but enforcing these rules can be difficult, as transactions based on blockchain may be "virtually untraceable" if insiders use mixers and hide their identities layer by layer.

On November 6, U.S. President Trump posted that the stock market decline was blamed on the Democrats. He stated that the stock market experienced one of the worst trading days in history due to the election results, causing a retreat from levels that had been hard-earned, and mentioned that the related fluctuations led to a shrinkage of 401(k) retirement accounts.In his post, Trump claimed that this situation was not caused by Republicans but by the Democrats, using the term "Dumocrats." He also stated not to be afraid, claiming that soon things would become stronger than ever before in some way, and reiterated to make America great again.

Informed sources say that after a significant sell-off in the stock market triggered by the liquidation of investments related to artificial intelligence, large investors are increasingly skeptical about whether Anthropic's IPO can achieve the expected valuation of $1.5 trillion.Three large investors planning to participate in the IPO stated that the valuation may need to be adjusted, with one suggesting it could be closer to $1 trillion.

According to Gate market data, the total market value of U.S. stocks evaporated by about $2.3 trillion approximately one hour after the market opened today. During the session, the S&P 500 briefly dipped to an intraday low of about 7394 points, falling approximately 3.83%, corresponding to a total market value that once evaporated by about $3 trillion. It has currently rebounded somewhat, with the market value evaporation narrowing to about $2.5 trillion.

OpenAI released the "National Community Compact" and the "Compute Campus Policy Blueprint," referring to AI data centers as "Compute Campus," and made commitments regarding community communication, energy costs, and information transparency.The compact applies to the campuses that OpenAI will own and operate in the future. It clearly states that public officials will not be required to sign non-disclosure agreements (NDAs) as a condition for discussion or negotiation, retaining only limited protection for security information, trade secrets, or proprietary sensitive information; it will bear the full costs of electricity and supporting infrastructure, protecting other users' electricity rates; publicly disclose construction plans, as well as impacts such as noise, water usage, electricity usage, and sustainability.The policy blueprint calls for federal, state, and local governments to legislate to limit mandatory NDAs for public officials, require disclosure of environmental impacts and employment data, and protect residents from subsidizing the electricity costs of data centers.

According to Gate market data, the Russell 2000 Index fell by 2.5%, likely marking the largest single-day decline since June 5.

According to Gate market data, the Nasdaq 100 Index has fallen by 5.1%, and the S&P 500 Index has decreased by 2.8%. Both the S&P 500 Index and the Nasdaq Index have dropped to their lowest levels since late July, with both indices set to record their largest single-day decline in five months.

According to Gate Market, the US stock AI hardware industry chain has encountered a collective sell-off, with chips, storage, semiconductor equipment, and optical communication sectors generally experiencing significant declines. The Philadelphia Semiconductor Index fell by 7.25%.In terms of chip stocks, AMD fell by 12.94%, NVIDIA fell by 5.33%, TSMC fell by 6.99%, Broadcom fell by 5.35%, Intel fell by 8.12%, Qualcomm fell by 9.00%, and Arm fell by 10.65%.In terms of storage and hard drive stocks, SanDisk fell by 13.77%, Western Digital fell by 12.78%, Seagate Technology fell by 12.74%, Micron Technology fell by 10.78%, and SK Hynix fell by 9.41%.In terms of semiconductor equipment and optical communication stocks, MKS Instruments fell by 10.03%, Lumentum fell by 12.21%, Coherent fell by 10.53%, Applied Materials fell by 7.15%, Lam Research fell by 8.66%, and ASML fell by 5.98%.

The International Institute of Finance (IIF) reported that in October, emerging market equities saw an outflow of 31.7 billion dollars, and debt experienced an outflow of 2.1 billion dollars.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.56%, the S&P 500 index down 0.13%, and the Nasdaq down 0.8%. The market is concerned that the U.S. "blue wave" may lead to stricter regulations on AI and data centers, causing technology stocks to weaken. Qualcomm fell 13%, AMD fell 7%, Micron Technology fell 4.9%, Tesla fell 3.5%, and SpaceX fell 4%. The Nasdaq Golden Dragon China Index rose 2.5%.

Federal Reserve official Harker stated that monetary policy needs to shift to a restrictive stance, and gradual interest rate hikes have a smaller impact on the economy and financial system, making it the best path to bring inflation back to 2%.She pointed out that the inflation level in the United States is still too high and is moving in the wrong direction. Harker also stated that the independence of the Federal Reserve is crucial for achieving the 2% inflation target, and the U.S. dollar remains the world's primary reserve currency, a status supported by the U.S. institutional and legal system.

The trading atmosphere in the Hong Kong stock market continues to heat up, with several concept stocks experiencing strong gains. According to data from the Gate platform's Hong Kong stock market, the top three stocks in terms of increase are: Jumbo Group (01920) up 24.13%, currently at HK$0.36; Yingmei Holdings (02028) up 18.35%, currently at HK$1.87; and Junda Co., Ltd. (02865) up 18.09%, currently at HK$14.10.Gate's stock trading services have covered five major markets: US stocks, Hong Kong stocks, Korean stocks, Japanese stocks, and Taiwanese stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, about 300 Japanese stocks, and 19 Taiwanese stocks, totaling coverage of more than 12,800 stocks and ETF assets globally.Gate allows users to participate in global stock trading using USDT in a one-stop manner and offers fractional trading starting from a minimum of 0.01 shares along with corresponding stock dividend rights. The platform also supports cross-brokerage transfer of US and Hong Kong stocks and accommodates corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.

The dust has settled on the U.S. midterm elections, with the Democratic Party winning control of both chambers of Congress, and Trump has stated that he accepts the election results. After the uncertainty dissipated, the market rebounded significantly, with the S&P 500 index rising nearly 2% in a single day, the Dow Jones index increasing by over 3%, and the VIX experiencing its largest single-day drop since April 2025. Institutions such as JPMorgan, Nomura, HSBC, and Citadel Securities have successively released bullish reports.The core logic is that institutions had significantly deleveraged before the election, and short positions in the stock market were close to a five-year high. Citadel Securities stated that the net position of CTAs in U.S. stocks is approximately negative 3.3 standard deviations, placing it in the 10th percentile since 2018. Retail investors have net bought nearly $33 billion over 22 consecutive trading days since October 5, and the corporate buyback authorization window has also quickly reopened, with new authorizations reaching $1.5 trillion this year.Tech stock valuations are compressing simultaneously. The price-to-earnings ratio of the Nasdaq 100 has dropped to 19.1 times, the lowest since October 2022; the price-to-earnings ratio of semiconductor components has fallen to 13.8 times. HSBC views the Anthropic IPO as a key turning point for a comprehensive bullish trend in tech stocks. Historical data shows that since 1938, the S&P 500 has risen in 95% of the years in the 12 months following midterm elections, with an average increase of about 14%.