dropped

According to data released by Creative Planning CMO Charlie Bilello, the decline in major assets from their historical peaks varies significantly. The S&P 500 index fell by 3%, while Microsoft dropped by 6%. Palantir, Nvidia, Amazon, Tesla, Meta, and AMD saw declines ranging from 14% to 24%. Gold fell by 31%, Google dropped by 32%, SpaceX decreased by 41%, and Netflix declined by 54%.In terms of cryptocurrency, Bitcoin is down 39% from its peak, and Ethereum has fallen by 55%. Dogecoin, Fartcoin, TrumpCoin, and MelaniaCoin have dropped by 90%, 95%, 98%, and 99%, respectively.

According to HTX market information, the native token RUNE of the cross-chain protocol THORChain has dropped about 20% in the past 24 hours, briefly falling below $0.5. During the previous Bitget hacking incident, a large amount of funds were exchanged through THORChain, leading to a surge in trading volume and fees, which the market viewed as a positive for protocol revenue, resulting in an increase in RUNE.This decline is due to heightened regulatory and security risks, with the market concerned about whether THORChain can resolve the conflict between security and regulation while maintaining its permissionless nature. On-chain data shows that after the Binance hack, hackers deposited approximately 185.1 million TRX and 3.83 million USDT through THORChain, totaling about 2,697 deposits, net exchanging around $48.3 million, and actually receiving about $42.7 million, with losses of about $5.7 million due to fees and slippage.At the same time, the FBI, U.S. Secret Service, and IRS-CI jointly requested THORNode, RPC nodes, and DeFi service providers to intercept funds related to North Korean hackers. THORChain co-founder Chad Barraford stated that node operators do not have more information than the public and have not made a clear commitment to proactively block addresses. Another co-founder, JP Thor, publicly opposed cooperating with freezes, believing that the principles of decentralization and permissionlessness should be upheld.

Y Combinator 2026 Fall Batch project RightNow founder Jaber stated on his personal X account on November 2, Beijing time, that last month he was still renting NVIDIA B300 from GPU suppliers at a rate of $7.9 per hour. Currently, suppliers are inviting him to rent at a rate of $4.6 per hour without requiring a usage commitment. He also mentioned that significant changes are coming soon and stated that artificial intelligence previously gave everyone dessert, and now it's time to eat vegetables.

According to CoinDesk, Bitwise's fourth-quarter staking report shows that the amount of staked Ethereum has reached 43.8 million ETH, accounting for 35.9% of the total supply, setting a new historical high; the net staking inflow in the third quarter was 1.99 million ETH, maintaining net inflows for six consecutive quarters. The active staking amount for Solana has increased to 440.5 million SOL.However, the staking yields for both networks have declined. The average annualized staking yield for Ethereum in the third quarter dropped from 2.81% in the second quarter to 2.63%, with 96.3% coming from ETH issuance. The gross staking yield for Solana fell from 6.38% to about 6%, with nearly 90% still coming from token issuance.The above data has not deducted service provider fees and does not equate to the actual yield received by clients. Coinbase stated that staking ETFs and digital asset treasury are broadening participation channels. Kean Gilbert, head of institutional relations at the Lido Foundation, pointed out that after custodial institutions support staking, institutions can participate through existing custodial relationships, and the current discussion has shifted to implementation issues such as validator decentralization, code audits, and fund staking ratios. Liquidity remains a constraint faced by institutions.Gilbert stated that funds typically need to meet redemption requests within one or two days, but ETH unstaking may take weeks, so they will retain some un-staked assets. He estimates that the average staking ratio for related products in Europe is only 50% to 60%. Liquid staking tokens can provide alternative exit channels, but actual sales still depend on market liquidity and prices.

According to Gate market data, spot silver has dropped 6% during the day, currently reported at 49.03 USD/ounce. Spot gold has fallen below 3,880 USD/ounce, with a daily decline of 3.51%.

According to market data from RootData, the South Korean KOSPI index fell sharply by 3.00% during the day, currently reported at 5831.67 points. Samsung Electronics dropped nearly 6%, and SK Hynix fell by 0.4%.

Glassnode's latest report indicates that Bitcoin has fallen back below the range of $84,000 to $85,000, a range that has blocked price increases four times this year. The inflow of funds into the U.S. spot Bitcoin ETF has significantly cooled, with a net inflow of only about $67 million in the past two weeks; the major buy orders on Binance's spot order book have also shifted down to the range of $78,000 to $79,000, with a scale of about $42 million.Meanwhile, Bitcoin's one-month realized volatility has dropped to about 25%, returning to the levels seen in the summer of 2023; since August, the realized losses triggered by each round of decline have continued to narrow, indicating that selling pressure has eased.Glassnode believes that Bitcoin is currently in a range-bound state with weak demand and limited selling pressure, as the market is focusing on the Federal Reserve's interest rate decision. If the daily close re-establishes above $85,000, it may serve as an initial signal for further rebounds; if it falls below the average cost of active investors around $77,900, attention should be paid to the cost support for short-term holders near $75,800.

Glassnode stated that recent investors buying BTC have exited the strong sell-off zone. Almost all short-term holders are in profit, and this proportion has now fallen to about 70%.For investors expecting the upward trend of BTC to continue, the current entry conditions have clearly improved compared to a month ago. The decrease in the profit ratio of short-term holders indicates that the pressure from profit-taking in the market has eased, but this does not mean that BTC will necessarily rise in the future.

According to Binance spot market data, the market has experienced significant fluctuations. AVA has increased by 8.23% in 24 hours, and WOO has increased by 5.13% in 24 hours.At the same time, WCT has shown a "high and then low" state, with a decrease of 11.31% in 24 hours, and F has also shown a "high and then low" state, with a decrease of 6.54% in 24 hours. Other tokens such as ZRX, ATOM, AERO, SYRUP, MARSCOIN, and CFX have all reached new lows today, with declines ranging from 5.24% to 11.34%.

Bitwise released a report indicating that Bitcoin is currently holding resiliently around $82,000, a price level close to the spot ETF holding cost. Key support levels below include the short-term holder cost price of approximately $74,800 and the real market average of about $77,600. The former can serve as a reference for judging the short-term market direction, while the latter corresponds to the price level at which half of the invested capital in the market is in profit or loss. The price range formed by these two points may become the dividing line between bulls and bears.The trading range for Bitcoin over the past 30 days and 60 days has narrowed to 1.8% and 3.0%, respectively, with the implied volatility at-the-money for each term also approaching the lower end of the distribution range over the past three years. Among them, the 3-month and 6-month implied volatility are at the 0.8 and 0.2 percentiles of historical distribution, indicating that the market's pricing for future volatility has dropped to extremely low levels.So far this week, net inflows into U.S. Bitcoin spot ETFs have reached $1.074 billion, rising in sync with the cumulative trading volume of the spot market, providing support for Bitcoin prices and offsetting some macro pressures. However, realized profits in the market have also increased, particularly among long-term holders. Meanwhile, the net position change indicator for long-term holders is negative, suggesting they may be in a distribution phase, which could be one reason for the ongoing consolidation of Bitcoin prices.

According to Gate market data, spot gold has fallen below 4080 USD/ounce, with an intraday decline of 1.50%; spot silver has dropped below 56 USD/ounce, with an intraday decline of 3.40%.

The Hong Kong Hang Seng Index fell 2% to 23178.37 points. MiniMax's decline once reached 6.2%, dropping below the IPO issuance price.

According to The Block, Bitcoin's 28-day volatility has dropped to 1.2%, close to the lowest level since 2026, reflecting that current market trading activity remains sluggish.K33 analysts expect that as the Federal Reserve's interest rate decision next week and the U.S. midterm elections on November 3 approach, Bitcoin market volatility may rise.

According to The Washington Post, ABC News, and Ipsos joint polling, President Trump's approval rating has dropped to 33%, with a disapproval rating of 66%, among which 52% of respondents expressed strong disapproval of his performance. This approval rating is an 8 percentage point decrease compared to the same period last year and is lower than at any time during his first term.With two weeks to go until the U.S. midterm election voting day, the Republican Party is facing a severe political situation. Polls show that as inflation pressures mount and voter dissatisfaction rises, the Democratic Party's support in the struggle for congressional control is increasing; for the first time in over a decade, the Democratic Party has gained higher voter trust than the Republican Party on economic governance issues.Overall results indicate that American voters have lost confidence in the president, are deeply concerned about Trump's decision to wage war on Iran, and are experiencing the economic impacts of war, particularly the impact of rising gasoline prices on household finances.

According to CME's "FedWatch" data, the probability of the Federal Reserve maintaining interest rates in October is 84.5%, while the probability of a 25 basis point rate hike is 15.5%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.46%, the S&P 500 down 0.4%, and the Nasdaq down 1.29%. The chip sector opened lower for four consecutive days this week, with SK Hynix (SKHY.O) and SanDisk (SNDK.O) dropping 6%, Micron Technology (MU.O) down 3.9%, Western Digital (WDC.O) down over 5%, and NVIDIA (NVDA.O) down over 3%.

According to Gate Market, Hong Kong stock large model stocks fell, Zhipu (02513.HK) and MINIMAX-W (00100.HK) both dropped over 10%.

According to Gate Market, Bitcoin rapidly dropped in the last hour, briefly falling to 80,230 USD, and then rebounded.As a result, in the last hour, the total liquidation across the network reached 484 million USD, with long positions accounting for 464 million USD. Among them, there were 3 individual long positions liquidated, each exceeding 10 million USD, all occurring on Binance.