【11.7 Early-Morning Market Recap | Bloody Friday: Crypto and Tech Hit from Both Sides】
Last night brought the market’s most brutal moment of the year: Democrats won both chambers of Congress, clouds of AI regulation gathered, and the Nasdaq 100 plunged 6.4% in a single day, wiping out $2.3 trillion in market value. Nvidia slumped 9.3%. The panic spread to crypto markets, with $BTC falling 5.4% to $75,810, erasing all its post-election gains. More than $1 billion in positions were liquidated across the market; U.S. spot ETFs saw net outflows of over $500 million in a single day, with nearly $200 million flowing out of FBTC alone.
The black swans didn’t stop there: details emerged about the $6.34 billion Binance hack—hackers used fake recruitment and AI tools to infiltrate the company for eight weeks, laundering funds across 16 chains and more than 20,000 wallets. Fortunately, $2.85 billion has already been frozen.
But there were glimmers of light in the darkness: Russia’s central bank approved retail trading of BTC/ETH/USDT, the first $INJ staking ETF debuted on Nasdaq, and Solana RWA surpassed $5 billion.
In times of panic, focus on fundamentals. Don’t surrender your chips at the bottom of the sentiment cycle. NFA | DYOR
#比特币 #加密货币 #币安 #BTC #Blockchain
Last night brought the market’s most brutal moment of the year: Democrats won both chambers of Congress, clouds of AI regulation gathered, and the Nasdaq 100 plunged 6.4% in a single day, wiping out $2.3 trillion in market value. Nvidia slumped 9.3%. The panic spread to crypto markets, with $BTC falling 5.4% to $75,810, erasing all its post-election gains. More than $1 billion in positions were liquidated across the market; U.S. spot ETFs saw net outflows of over $500 million in a single day, with nearly $200 million flowing out of FBTC alone.
The black swans didn’t stop there: details emerged about the $6.34 billion Binance hack—hackers used fake recruitment and AI tools to infiltrate the company for eight weeks, laundering funds across 16 chains and more than 20,000 wallets. Fortunately, $2.85 billion has already been frozen.
But there were glimmers of light in the darkness: Russia’s central bank approved retail trading of BTC/ETH/USDT, the first $INJ staking ETF debuted on Nasdaq, and Solana RWA surpassed $5 billion.
In times of panic, focus on fundamentals. Don’t surrender your chips at the bottom of the sentiment cycle. NFA | DYOR
#比特币 #加密货币 #币安 #BTC #Blockchain