The U.S. stock market is starting to heat up. The bear market is just a bear market in the currency circle. The FTX incident single-handedly broke the global good news and caused the currency circle to fall. More than 90% of the bad news in the currency circle was driven by FTT. The black swan aftershocks of FTT are still continuing. Various media Scrambling to follow up on which institution was more implicated, a lot of false information even appeared this morning, causing currency fans to panic about major exchanges.

The number of institutions involved has reached 53. Sequoia announced that its investment in FTT has been zeroed out. SoftBank is expected to lose US$100 million, the Ontario Teachers' Pension Fund will lose US$95 million, and Temasek will lose US$20.5 billion...