stock

Recently, there has been a viewpoint in the community that a 20% correction in the US stock market would trigger Bitcoin to plummet to $10,000. Crypto analyst Darkfost published an analysis indicating that if Bitcoin falls to $10,000, it would represent a decline of about 87% from the current price and a retracement of about 92% from its historical peak. Historically, Bitcoin has only experienced a maximum retracement of over 92% in 2011; the maximum retracements in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively.Darkfost further pointed out that during a correction of about 19.53% in the S&P 500 index, Bitcoin fell by about 80% in 2018. However, in April 2025, when the S&P 500 index also corrected by over 19%, Bitcoin only dropped by about 22%. Therefore, directly linking a 20% correction in the US stock market to Bitcoin falling to $10,000 lacks sufficient historical data support.

The trading execution platform Tread.fi CEO DYJ published an analysis of the flash crash of AI concept stocks' perpetual contracts in the US stock market early in the morning, stating that the sell-off began at Binance. A trader liquidated approximately 2 million dollars of SanDisk long positions, triggering a sharp decline in other markets due to the thin depth of the order book.According to the transaction timeline listed, a large amount of active selling first appeared on SNDK at Binance, with a transaction amount of about 407,000 dollars in the first second, followed by about 1,030,000 dollars in the next second, and MU also began to see selling in the same second. Hyperliquid then saw sweeping orders, with about 10 addresses submitting IOC sell orders concentrated on SNDK, SOXL, DRAM, SKHX, SKHY, and MU within 1.8 seconds, followed by a second round of synchronized selling. These orders were all used to open new short positions, rather than just reducing positions.In the minute of the first concentrated selling, the transaction amounts for SNDK and MU on Binance were approximately 21.9 million dollars and 5.1 million dollars, respectively, while the corresponding transaction amounts on Trade.xyz were about 3.1 million dollars and 300,000 dollars. The transaction amount for MU on Hyperliquid subsequently expanded to 10.8 million dollars and 9.5 million dollars within the next two minutes, which DYJ attributed to chain liquidation.

According to CoinDesk, during the market closure on Saturday, leveraged bets linked to chip stocks and semiconductor funds were liquidated for nearly $52 million within 10 minutes. According to CoinGlass data, approximately $51.6 million in chip stocks and semiconductor fund-related positions were forcibly closed between 21:22 and 21:32 UTC, of which about $38 million came from bullish bets on rising prices. The sell-off began at Binance and quickly spread to Hyperliquid within seconds.The SOXL contract, which is three times long on chip stocks, suffered the largest loss, approximately $12.7 million; contracts for SanDisk and SK Hynix each lost about $10.8 million. According to David Jeong, CEO of trading firm Tread.fi, he placed the first large sell orders for SanDisk and Micron on Binance at 21:21:59 UTC, and less than a second later, the orders impacted Hyperliquid—this platform, launched by Trade XYZ, tracks contracts for stocks, with about 10 addresses establishing short positions on 6 chip-related contracts within 1.8 seconds. In the first minute, Binance processed approximately $21.9 million in SanDisk trades, while Trade XYZ accounted for $3.1 million.Storage chip stocks had already experienced a tumultuous week due to new competition from Chinese chip manufacturer CXMT. With the stock market closed, these contracts had no real stock prices for reference, and traders could only compete against each other; the rules of Trade XYZ allow the platform to set reference prices independently before external stock quotes resume, with relevant quotes returning when U.S. stocks open on Monday.

Mark Newton, an analyst at Tom Lee's fund, stated in an interview with CNBC that it is currently suitable to buy technology stocks on dips, but investors need to maintain diversified allocations and be prepared for sector rotations.In the past month, cross-asset volatility has significantly increased, with the S&P 500 index recently falling about 6%, and the technology sector also experiencing notable adjustments over the past week. However, compared to the gains in September, he believes the damage to technology stocks has been relatively limited.This year, the market has consistently shown characteristics of sector rotation, initially with the energy sector rising nearly 40%, then the momentum spreading to the technology sector, and now shifting towards the healthcare sector, which has reached an all-time high. Investors need to be prepared for sector switches and maintain diversified allocations.Steve Sosnick, Chief Strategist at Interactive Brokers, reminds that even if investors do not actively allocate to AI, they may still hold a high exposure to technology stocks through S&P 500 index funds. Currently, the market remains focused on sector rotation, but he is concerned about the continued decline of technology stocks and that investors are beginning to question the return on AI investments.

According to The Block, nine companies including CoreWeave, Broadcom, Verizon, and UnitedHealth have expressed opposition to the tokenized version of their stocks being traded on OKXICE. OKXICE is a joint venture platform established by the cryptocurrency trading platform OKX and the Intercontinental Exchange (ICE).Nasdaq also stated that it will opt out and will not tokenize its own stocks under the relevant framework of the U.S. Securities and Exchange Commission.

Approximately half of the market value of the tokenized stocks issued by Coinbase has been deployed in DeFi protocols on the Base network, involving fractional shares of large companies such as Apple and Nvidia, and is open to eligible non-U.S. users on the Base platform. As of the time of reporting, approximately $262.4 million of such assets have been deployed in DeFi protocols, an increase of about 18 times compared to $14.66 million at the beginning of 2026.Related assets can be traded on decentralized exchanges and used as collateral for lending. Coinbase previously disclosed that the trading volume of tokenized U.S. stocks on Base reached $1.5 billion on DEX in the past 30 days, an increase of 313% compared to the previous 30 days.

Bloomberg senior commodity strategist Mike McGlone stated yesterday that if the U.S. stock market retracts by 20%, Bitcoin may head towards the support level of $10,000. McGlone pointed out that since 2009, the first cryptocurrency, BTC, has led the rise of risk assets, but Bitcoin breaking through the peak of $100,000 in 2025, gold rising above $5,000 in the first quarter, and most central banks shifting to a cautious stance alongside soaring government bond yields may signal the endgame.In response, crypto analyst Darkfost countered that even if the U.S. stock market experiences a 20% level retraction, there has historically been no situation that corresponds to BTC dropping about 92% from its peak; therefore, he believes this price target is "highly unlikely."

According to Hong Kong media HK01, Hong Kong BBB Group (Chinese name: Hao Hao Hao Group) claims to invest in the agarwood industry in Malaysia and sell over-the-counter stocks and digital assets, suspected to be a scam. The company states that it will convert OTC stocks into "digital asset" cryptocurrency by February 2027 or earlier.It is reported that the Hong Kong police have received reports from 21 individuals, involving an investment project amounting to 14 million Hong Kong dollars. The Commercial Crime Bureau is investigating for "conspiracy to defraud," and so far, four people have been arrested. Additionally, according to the Hong Kong Securities and Futures Commission's official website, "Malaysia Agarwood Plantation Investment, Agarwood Tree Program, Agarwood Potted Trees, APT4" have been listed as suspicious investment products.

Tom Lee, Chairman of the Ethereum treasury company BitMine, stated in an interview with CNBC yesterday that if the fundamentals remain stable, cryptocurrencies, chip stocks, and neocloud company will be "a trigger-ready opportunity." They have all "pulled back to support levels."Tom Lee believes that when the fundamentals remain stable and the market becomes fearful, "this is actually a pretty good risk-reward scenario."

Recently, TRON founder Justin Sun shared his views on personal assets outside of TRON during a 3.5-hour offline discussion with Jin Ming. The core configuration points are as follows:BTC: As a base asset, there has been no reduction in holdings over the past year. Although concerned about the impact of quantum computing and AI algorithms, believing the market has not fully priced in the related risks, he still insists on holding and has adopted a cold wallet sheltering mode for isolation.ETH: Reduced holdings by about 80%-90% in the $3600-$4000 range last year, currently retaining only about 20% of the base asset for observation, and has not repurchased. Most of the funds from the reduction have been transferred to U.S. stocks.NVIDIA: Main position in U.S. stocks, positioned as a base asset in the AI field, heavily invested and not reduced.NASDAQ 100: Heavily held. Slightly bearish in the medium term (due to capital clustering, high interest rates, etc.), but no short positions taken, and the position is retained.A-shares: No holdings. Overall bearish on traditional assets, more inclined towards AI applications and Web3 directions.In the interview, Justin Sun emphasized that ETH is an aggressive asset, BTC is a base asset, and he is optimistic about applications in AI health management, while being bearish on certain hardware sectors. The above is a summary of the interview points, not a complete balance sheet.

According to SeeNews, Bulgaria's Postbank plans to add stock and cryptocurrency investment features to its mobile banking app. Postbank is a subsidiary of Eurobank Bulgaria AD. This move signifies that traditional banks are integrating digital assets with securities investment services into retail banking channels. The report was published on October 16, 2026, and currently, the page only displays the title, without disclosing details such as the launch time, supported currencies, and partners.

According to The Block, TD Cowen analysts have raised the target price for Bitcoin treasury company Strive from $44 to $56, maintaining a "Buy" rating. Analysts Lance Vitanza and Jonnathan Navarrete noted that the amount of Bitcoin purchased by Strive in the past two weeks has exceeded their previous expectations for the entire fourth quarter.The company's Bitcoin holdings increased from 28,000 coins at the end of September to 35,595 coins (worth approximately $2.9 billion), a net increase of nearly 7,600 coins, far exceeding TD Cowen's original estimate of 4,750 coins. Strive has now jumped to fourth place among publicly traded companies in terms of Bitcoin holdings, slightly surpassing MARA. Additionally, Strive plans to expand its preferred stock issuance to 7 million shares (at $90 per share), aiming to raise $630 million to continue increasing its Bitcoin holdings without diluting common stock. The issuance is expected to be completed on October 20.

According to Gate market data, U.S. stocks closed on Friday with the Nasdaq down 2.14%, the S&P 500 index down 1.09%, and the Dow Jones initially down 0.34%. Coreweave fell 11.91%, SK Hynix fell 6.58%, Arm fell 6.94%, SanDisk fell 6.85%, Oracle fell 4.64%, and Tesla fell 2.13%. The Nasdaq Golden Dragon China Index fell 1.3%, Baidu fell 2.93%, and Alibaba fell 1.83%.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.35%, the S&P 500 index up 0.1%, and the Nasdaq down 0.23%. Tesla rose 1.6%, and the "flying" Roadster was officially unveiled. Apple rose 1%, and the iPhone Duo sold out immediately after pre-sales began. The storage sector opened lower on all five days this week, with SK Hynix down 3.8% and SanDisk down 3.4%.

According to official news, SpaceX plans to announce its financial and operational performance for the third quarter of 2026 on October 20, and will hold an audio-only online earnings call at 3:30 PM Central Time on that day, which is 4:30 AM Beijing Time on October 21.

The Hong Kong Stock Exchange published a consultation summary document regarding the shortening of the settlement cycle for the Hong Kong stock cash market, showing broad support for the implementation of a T+1 settlement cycle in the Hong Kong securities market. After consolidating stakeholder opinions, the Hong Kong Stock Exchange plans to complete the relevant transition in the second half of 2028, provided that the market is ready and regulatory approval is obtained.A total of 109 unique responses were received during this consultation, from market stakeholders including brokers, custodians, investment managers, industry associations, technology providers, and investors. Respondents agreed on Hong Kong adopting a T+1 settlement cycle and recognized that this move would help enhance market efficiency, reduce settlement risks, improve capital efficiency, and strengthen Hong Kong's competitiveness as an international financial center.

According to Bank of America citing EPFR data, in the week ending Wednesday, emerging market stocks saw an inflow of $17.7 billion, the highest since July; among them, Brazil recorded an inflow of $4.7 billion.

Bank of America cited EPFR data stating that in the week ending Wednesday, net inflows into equity funds reached $64.5 billion, with inflows into U.S. equity funds amounting to $39.1 billion and inflows into technology stock funds totaling $10 billion.