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2026/11/06

AI-linked tech stocks plunge, billionaires lose $185 billion in a single day

BlockBeats news: On November 6, stocks of companies closely tied to AI infrastructure, such as NVIDIA, SpaceX, and Oracle, fell sharply yesterday. NVIDIA closed down 9.3%, recording its largest single-day drop since January 2025; SpaceX dropped 9%, and Oracle fell 6.9%.This sell-off also caused mass

Trump Blames Democrats for $3 Trillion Market Drop After Midterms

President Donald Trump blamed Democrats for a selloff that removed about $3 trillion from the S&P 500. The Nasdaq 100 recorded its largest daily decline since the 2020 pandemic. Trump posted the criticism on Truth Social a day after Democrats won control of Congress in the midterm elections.Trum...

ParaFi Capital Partner Warns Anthropic May Fail or Be Acquired Due to Balance Sheet Mismatch

ChainCatcher report: Jeff Park, partner at ParaFi Capital and advisor to Bitwise and Solana, posted that AI company Anthropic will fail due to extreme balance sheet mismatches, requiring substantial equity support to maintain creditworthiness and cover massive non-cancelable compute commitments. Jef

U.S. Treasury Sanctions 4 Individuals and 41 Entities Linked to Taizi Group

According to ME News, on November 6 (UTC+8), the U.S. Department of the Treasury announced new sanctions against four individuals and 41 entities associated with the Taizi Group transnational criminal organization. The sanctioned individuals include Qiu Yong, Zhao Mengyao, He Yujing, and Visal Pang.

U.S. Stock Market Plummets Amid AI Narrative Collapse and Political Shifts

Written by Xiao BingOn November 5, the U.S. stock market crashed, marking the worst November since 2008.The Dow Jones Industrial Average plunged 1,833 points, or 3.44%, the S&P 500 dropped 4.36%, and the Nasdaq fell 5.52%, wiping out $3 trillion in market value in a single day—the worst day since th

Apple Stock Hits Record High Amid US Market Sell-Off

Apple (AAPL) stock hit a record $354.50 on November 4, then slipped about 1.5% Thursday while the Nasdaq fell 5.52%.Shares closed at $349.51 Wednesday, up 5.31%, as investors rotated from AI hardware into Apple’s lighter AI spending. Thursday tested that safe-haven trade.Apple $AAPL soared more than

Analysis: Sustained selling pressure observed in last night’s market decline

Odaily Planet Daily reports: The Kobeissi Letter posted on X that the most notable aspect of last night's plunge was the remarkable persistence of selling pressure.During the session, the S&P 500 and Nasdaq 100 indices each experienced at least five intraday rebounds, with one rebound reaching as hi

Analyst Predicts 1-2 Week Stock Market Downturn; Nasdaq Could Fall 25%

Huo Xing Finance reports that on November 6, renowned U.S. stock analyst Mark Minervini posted that he does not believe the U.S. stock market will experience a crash in magnitude similar to 1987, but today’s conditions may lay the groundwork for some form of market crash lasting one to two weeks. “I

Anthropic's business model faces a severe mismatch and could fail or be acquired.

Huo Xing Finance reports that on November 6, Jeff Park, partner at ParaFi Capital and advisor to Bitwise and Solana, posted that Anthropic will fail due to extreme balance sheet mismatches requiring substantial equity support to sustain creditworthiness and massive non-cancelable compute commitments

BLG advances to the semifinals with a 3-0 win; Predict.fun gives a 24% chance of winning the S16 title.

Monitoring shows that in the predict.fun prediction event for the "League of Legends S16 World Championship winner," BLG's probability of winning is currently at 24%, second only to GEN's 53%, placing them as the second-most likely contender, while T1's probability of winning is currently at 19%.Thi

U.S. Tech Stocks Plunge After Midterm Election; Five Billionaires Lose $152.9 Billion in a Single Day

CoinDesk reports:IT Home, November 6: Following the U.S. midterm elections, U.S. stocks experienced widespread selling on November 5, with technology stocks and the AI hardware supply chain being the primary declining sectors.According to Forbes' real-time billionaires list, Elon Musk's net worth de

Chip Stocks Hit Worst Day Since 2020 as 28 of 30 Largest Names Enter Bear Market

On Wednesday, Wall Street cheered the outcome of the midterm elections. On Thursday, investors dumped the chipmakers that powered the artificial-intelligence rally, handing the sector its worst session since the COVID-19 crash.The iShares Semiconductor ETFell 12.8%, its steepest one-day drop since M

U.S. voters approve 38 data center restrictions across 10 states

According to ME News, on November 6 (UTC+8), voters in 10 U.S. states approved 38 measures restricting data center development and elected several Democratic governors who pledged to pause data center construction. Newly elected governors in Ohio, Georgia, Michigan, New Mexico, and Texas committed d

Leveraged Long Position in U.S. Stocks Loses $8.01M in 30 Days

Huo Xing Finance reports that on November 6, according to TradingBeats monitoring, a trader with cumulative profits of $9.18 million lost $8.01 million within 30 days due to a sharp decline in U.S. equities. The trader held $32.91 million in leveraged long stock positions, currently realizing an unr

Bitcoin Core Developer Proposes 'Quantum Landmine' to Penalize BTC Thieves

According to Mars Finance, under Fields' proposal, an attacker attempting to steal 1 BTC would be required to post an additional 1 BTC as collateral from a quantum-safe wallet; both funds would be locked for a waiting period, such as 30 days. Before quantum attacks become feasible, the original owne

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