ChainCatcher reports that Glassnode said Bitcoin and the stock market have rarely been this closely correlated. Over the past 30 U.S. trading days, the correlation coefficient between Bitcoin and the S&P 500 reached 0.8.
Since 2020, this correlation coefficient has remained well below that level for most of the time. Although the market occasionally discusses Bitcoin’s relative strength, macro factors are still driving the overall trend for now.
According to ChainCatcher, data from RootData shows that yesterday (November 6, U.S. Eastern Time), spot Ethereum ETFs recorded total net outflows of $93.30 million.
The spot Ethereum ETF with the largest single-day net outflow was BlackRock’s ETHA, with net outflows of $90.80 million. As of that trading day, ETHA’s cumulative historical net inflows totaled $11.542 billion.
Next was Grayscale’s Ethereum Mini Trust ETF (ETH), with net outflows of $1.90 million.
According to ChainCatcher, based on RootData data, Bitcoin spot ETFs saw total net outflows of $412 million yesterday (November 6, U.S. Eastern Time).
The Bitcoin spot ETF with the largest net outflow that day was BlackRock’s IBIT, with net outflows of $403 million. As of that trading day, IBIT’s cumulative historical net inflows totaled $65.131 billion.
Next was Bitwise’s BITB, with net outflows of $20.5 million.
ChainCatcher reported that Dash urged users on X not to use Eclipse, saying that users had lost funds while attempting to trade and had not yet been fully compensated.
Dash recommended prioritizing platforms such as Maya Protocol and NEAR Intents, which let users view the swap process through a block explorer.
According to Coinglass data reported by ChainCatcher, the crypto Fear & Greed Index is currently 26, down 1 point from yesterday. The average over the past 7 days is 34, and the average over the past 30 days is 49.
ChainCatcher reports that on November 6, the Hong Kong Securities and Futures Commission (SFC) published a consultation conclusion proposing further restrictions on the use by unregulated entities of names that could mislead the public into believing they are regulated, and plans to extend the relevant restrictions to the virtual asset sector.
Under the proposed amendments, Hong Kong will introduce similar restrictions under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, focusing on virtual asset trading platforms and virtual assets that are not related to securities or futures contracts but can be traded or settled through virtual asset trading platforms. Unauthorized entities will be subject to restrictions on the use of relevant titles to prevent the public from mistakenly believing they are regulated entities. The proposals received broad support from the market.
The SFC said it would finalize the draft amendments to the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance, and submit them to the Legislative Council for consideration and approval.
ChainCatcher reports, citing monitoring by Onchain Lens, that a whale resumed transferring tokens from MEXC to Binance after a year of dormancy.
Recent transfers include 405,000 ASTER, worth approximately $275,500; 227,270 FF, worth approximately $19,700; and 1.47 million OP, worth approximately $149,500. The total value of the assets involved is approximately $444,700.
According to ChainCatcher, data monitored by order book intelligence platform Liquid247.xyz shows BTC is currently priced at $75,826. The deepest order book is currently on Binance perpetuals: $46.902 million in sell orders and $40.6295 million in buy orders, with sell orders exceeding buy orders by $6.2725 million.
Sell orders also outweigh buy orders on Coinbase spot and Binance spot, but the difference is smaller than on Binance perpetuals. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price swings will be more pronounced.
ChainCatcher reports that, according to Onchain Lens monitoring, a whale withdrew a total of approximately 57,000 LINK from Binance in four transactions over about 18 hours, worth approximately $612,550.
According to ChainCatcher, Arkham data shows that an address transferred 1.5 million WLD tokens to OKX three hours ago. Over the past three days, the address has transferred a total of 5.1 million WLD, worth more than $1.8 million, to CEXs including Coinbase and Gate. The address is suspected of being linked to the Worldcoin team. Seven days ago, it received 10.258 million WLD, worth $4.11 million, via the address “0x6325.” Three years ago, an address labeled as belonging to the Worldcoin team transferred these WLD tokens to “0x6325,” when they were worth as much as $18.26 million. Their value has since fallen by about 77.5%.
Goldman Sachs Raises U.S. Data Center Construction Spending Forecast, Predicts $125 Billion in 2028
ChainCatcher reports that although tighter data center regulations following the Democrats' gaining control of Congress sparked market panic, Goldman Sachs still raised its forecast for U.S. data center construction spending, increasing its 2026 estimate from $67 billion to $80 billion and its 2027 estimate from $87 billion to $100 billion. It also forecast for the first time that spending will reach $125 billion in 2028. Goldman Sachs noted that about 86 GW of data center projects are currently under construction in the U.S., with another approximately $900 billion in highly credible projects awaiting construction, indicating that the overall construction cycle remains resilient. Demand and backlogs from hyperscale cloud service providers such as Microsoft, Amazon, and Google have shown no significant signs of cooling. H100 compute rental prices are up 26% year over year, while GB200 rental prices have risen 50% year to date.
OpenAI Raises $10 Billion Less Than Planned, Anthropic Asked to Cut Price: Trillion-Dollar Valuations Face Scrutiny
Author: Joanne Editor: Xu Qingyang
The two most expensive fundraises in the AI industry are facing the same question: How much are investors still willing to pay for growth? On November 6, U.S. local time, OpenAI completed the first closing of a new $11 billion funding round at a valuation of $1.25 trillion, but the amount fell significantly short of its original fundraising target. Almost simultaneously, Anthropic, which is preparing for an IPO, also faced investor skepticism. Some institutions believe its $1.5 trillion valuation is already too high and have even asked the company to further lower its offering price.
ChainCatcher reports that, according to on-chain analyst Ai Yi, an address (0xBA2…aB9ff) accumulated 740,000 LINK and 3,046.68 ETH over the past five days, spending a total of $15.15 million.
The address currently holds 787,000 LINK. After adding to its position, its average cost fell to approximately $11.24, and it is now sitting on an unrealized loss of $366,000.
ChainCatcher reports that, according to on-chain analyst Ai Yi, an address spent approximately $19.62 million to buy 8,773.52 ETH at an average cost of $2,236.75.
Ai Yi said that a trader associated with the address bought 7,543 ETH in March at a cost of $2,048.69 per ETH.
From On-Chain Vulnerabilities to Off-Chain Warfare: Security in the Crypto Industry Has Been Fundamentally Rewritten
Author: Gu Yu, ChainCatcher
If, over the past few years, the crypto industry’s greatest fear was a bug in a blockchain smart contract, projects may now have more reason to worry that an employee is attending what seems like a routine online interview or partner meeting and downloading unsafe software. On October 29, Binance, the world's largest cryptocurrency exchange, suffered an unprecedented security incident. After a multi-stage intrusion, the attackers ultimately took control of the exchange's internal wallet signing system, putting digital assets worth approximately $6.34 billion at risk.
According to SoSoValue data, ZEC spot ETFs saw total net inflows of $1.7718 million yesterday (November 6, U.S. Eastern Time).
Zcash ETF (ZCSH) was the only fund to record net inflows yesterday, with $1.7718 million for the day. Its cumulative historical net inflows have now reached $209 million.
As of publication, ZEC spot ETFs had total net assets of $772 million, a ZEC net asset ratio of 3.40%, and cumulative historical net inflows of $209 million.
Data: U.S. HYPE Spot ETFs See Total Daily Net Outflows of $7.9598 Million
According to SoSoValue data, HYPE spot ETFs saw total net outflows of $7.9598 million yesterday (November 6, U.S. Eastern Time). The HYPE spot ETF with the largest net outflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with daily net outflows of $7.0529 million. Its cumulative historical net inflows currently total $114 million. Next was the 21Shares Hyperliquid ETF (THYP), with daily net outflows of $907,000. Its cumulative historical net inflows currently total $27.4128 million. As of publication, the total net assets of HYPE spot ETFs stood at $374 million, with a HYPE net asset ratio of 2.00% and cumulative historical net inflows of $287 million.
$5.7 Trillion “Wiped Out”! A Midterm Election That “Should Have Been Priced In” Triggers a “Tech Stock Rout”
Long-brewing fears of an AI bubble suddenly exploded in the wake of an election result. The Democrats’ sweeping victory in Congress in the U.S. midterm elections should have signaled that “risk had been cleared”—and that was how the stock market initially reacted. But in less than 24 hours, Wall Street made a dramatic U-turn from celebration to panic. On Thursday, the Nasdaq 100 posted its biggest one-day drop since March 2020, wiping $2.3 trillion off its market value in a single day. Since its October 6 peak, the U.S. stock market has lost a cumulative $5.7 trillion in value. The VIX fear index surged from 16.6 to nearly 28, marking one of the sharpest volatility spikes in history from such a calm starting point.
U.S. SOL spot ETFs saw total net outflows of $25.076 million yesterday, led by Bitwise BSOL with $14.4424 million in outflows
ChainCatcher reports, according to RootData data, that SOL spot ETFs saw total net outflows of $25.076 million yesterday (November 6, U.S. time). The SOL spot ETF with the largest net outflow that day was the Bitwise Solana Staking ETF (BSOL), with net outflows of $14.4424 million. As of that trading day, cumulative net inflows into BSOL totaled $1.109 billion. Next was Grayscale ETF GSOL, with net outflows of $5.429 million. As of that trading day, cumulative net inflows into GSOL totaled $122 million. As of that trading day, cumulative net inflows into SOL spot ETFs totaled $1.442 billion.