Blockbeats
Blockbeats
Tomorrow’s news rhymes on BlockBeats.
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The S&P 500 index decline widened to 4%, and the Nasdaq fell more than 5%
BlockBeats news, on November 6, according to BIT stock platform data, the S&P 500 index's decline expanded to 4%, the Nasdaq 100 index fell more than 6%, the Dow Jones fell more than 3%, the Nasdaq fell more than 5%, and the semiconductor index fell more than 10%.
Review of the biggest crashes in US stock market history: The Nasdaq took over a decade to recover from the internet bubble, and under the pandemic, the semiconductor index plunged 15.9% in a single day
BlockBeats news: On November 6, the US stock market experienced widespread sell-offs, with the technology and AI industry chains leading the declines. Within the first hour of trading, the total market capitalization of US stocks evaporated by about $2.3 trillion. The S&P 500 hit an intraday low of approximately 7394 points, down about 3.83%. The Philadelphia Semiconductor Index (SOX) fell 11.48% intraday, approaching the historical record drop of about 15.9% on March 16, 2020. Market attention
During the sharp decline in the US stock market, Wall Street institutions reportedly reduced their equity teams, and Walleye officially returned part of its capital
BlockBeats news: On November 6, amid today's sharp decline and correction in the US stock market, there are market reports that some hedge funds are closing or downsizing their internal long-short equity teams and actively reducing their assets under management. These actions are interpreted by the market as signals that institutions are reducing positions and lowering risk in an environment of increased volatility.
According to a client confirmation letter disclosed by Bloomberg, multi-strateg
OpenAI releases GPT-6 Cyber: specializing in cybersecurity vulnerabilities, risk rating raised to "Critical"
Beating AI News: OpenAI recently released the GPT-6 Cyber model to a small group of vetted customers. This model is specifically designed to discover and exploit security vulnerabilities. According to OpenAI's security framework, its cybersecurity risk rating has been raised from "High" in the previous generation to "Critical." OpenAI stated that, given the increasing attempts by malicious cyber attackers to abuse AI, this model aims to help security researchers identify vulnerabilities early an
Google will invest $17 billion to build its first data center in Wyoming
BlockBeats news, on November 6, Google pledged to invest $17 billion to build its first data center in Wyoming and signed binding agreements with Tallgrass Energy, Black Hills Energy, American Electric Power, and Related Digital to bring jobs and infrastructure to Laramie County. Google is providing $17 billion in capital, and Bloom Energy is supplying fuel cell technology. The project includes a 702-megawatt fuel cell development equipped with carbon capture and storage, and has signed a contra
Dan Bin's overseas fund rebalances: reduces holdings in storage and some Intel before the big drop, increases holdings in META, SpaceX, and Amazon
BlockBeats news, on November 6, before the sharp drop in the US stock market today (Thursday), Dan Bin, chairman of Orient Harbor Fund, disclosed on social media that the overseas fund of Orient Harbor reduced its storage position by 10% and Intel by 3%, while increasing its position in META. The remaining nearly 10% Intel position remains unchanged. At the same time, the funds recovered through a double high-level selling strategy will no longer be replenished in hardware but will be shifted to
I was about to sleep, how can I sleep now!
Is it the reckoning moment for both Trump and Silicon Valley?
The US stock market took another heavy hit on Thursday, with the Nasdaq plunging nearly 5% intraday, and AI industry chain stocks like Nvidia, AMD, and CoreWeave collectively diving.
Notably, the sell-off in the AI sector is not an isolated event.
Since October, the Nasdaq's market value has evaporated by over $2.5 trillion. After the Democrats took control of both houses of Congress, the market began to worry: the era of the US AI infrastructure boom might be facing a policy shift.
And the Democrats have already started to reveal their cards:
1️⃣ The Trump family: preparing to face congressional investigations. Incoming House Oversight Committee Chair Robert Garcia declared that investigations will cover the Trump family's business interests, corporate corruption, the Department of Homeland Security and ICE enforcement issues, as well as the Epstein files controversy, even directly warning: "Lawyers, get ready."
2️⃣ AI giants: regulatory pressure surges. Sanders and Casar previously proposed the "Ban on Artificial Superintelligence Act," advocating for a ban on super AI and a pause on advanced AI development until a federal regulatory framework is established.
3️⃣ Data centers: local voters have already voted against them. On November 3, 41 local referendums related to data centers took place across 10 states nationwide, with at least 33 supporting restrictions on construction. Sanders and others continue to push for a halt on data center construction.
4️⃣ The Trump administration: the scope of investigations may continue to expand. From ICE immigration enforcement to the interests between corporations and government, and to the Epstein files, the Democrats are paving the way for a new round of congressional oversight.
In recent years, the US capital markets have bet on the Trump administration's tax cuts, deregulation, and AI infrastructure expansion.
Now, the Democrats bring a different set of policy expectations: investigations, regulation, restrictions on data center expansion, and a reexamination of the power of AI giants.
It’s too early to conclude whether the AI bubble has burst. But Wall Street is clearly beginning to realize: the biggest risk of AI may not just be technical and profitability issues, but political ones as well.
Epic sell-off in the US stock market, the top five richest individuals lost $150 billion in wealth in a single day, Musk lost nearly $100 billion
BlockBeats news: On November 6, the U.S. stock market experienced a sharp sell-off, with technology stocks being the hardest hit. According to data from the BIT stock platform, the intraday maximum declines for the Dow Jones, S&P 500, and Nasdaq Composite indexes reached 2.38%, 3.57%, and 5.35% respectively, while the Philadelphia Semiconductor Index's decline expanded to 11.6%, with the AI hardware industry chain facing concentrated sell-offs. Nvidia fell as much as 9%, and TSMC, SpaceX, and Te
Current mainstream CEX liquidation map for Bitcoin: If it rebounds and breaks through $80,000, the cumulative short position liquidation intensity will reach 1.45 billion
BlockBeats news, on November 6, according to Coinglass data, if Bitcoin falls below $75,000, the cumulative long liquidation intensity on major CEXs will reach 550 million.
Conversely, if Bitcoin rebounds and breaks through $80,000, the cumulative short liquidation intensity on major CEXs will reach 1.45 billion.
BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation ch
The total market capitalization of US stocks once evaporated by $3 trillion intraday, currently narrowed to about $2.5 trillion
BlockBeats news, on November 6, according to BIT stock platform data, the total market value of US stocks evaporated about 2.3 trillion USD about one hour after today's opening. During the session, the S&P 500 once dropped to an intraday low of about 7394 points, a sharp decline of about 3.83%, corresponding to a simultaneous evaporation of about 3 trillion USD in total market value. It has currently rebounded somewhat, with the market value evaporation narrowing to about 2.5 trillion USD.
