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Overnight, the US stock market experienced its worst trading day since April, with the retail-heavy stock index plunging 3.6% and the Nasdaq dropping more than 2%. Poor earnings from Palantir and bearish bets by Michael Burry triggered a sell-off, while increased volatility in the cryptocurrency market added to retail investor pressure. Market sentiment remains tense, and further declines may follow. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
In November 2025, the crypto market experienced a structural turning point. The U.S. government shutdown led to a contraction in liquidity, pulling about 20 billions USD out of the market and intensifying capital shortages in the venture capital sector. The macro environment remains pessimistic.
Institutional funds continue to buy despite volatility, targeting a price level of $200,000.
1. On-chain funds: $61.9M flowed into Hyperliquid today; $54.4M flowed out of Arbitrum. 2. Largest price changes: $SAPIEN, $MMT. 3. Top news: ZEC surpassed $500, marking a 575% increase since Naval’s call.
Robinhood's crypto revenue grew by 300% in the third quarter, with total revenue reaching $1.27 billions.
- 21:35The US Dollar Index fell by 0.47%, closing at 99.735.According to ChainCatcher, citing Jinse Finance, the US Dollar Index, which measures the dollar against six major currencies, fell by 0.47% on the day, closing at 99.735 in the late foreign exchange market. 1 euro exchanged for 1.1544 US dollars, higher than the previous trading day's 1.1486 US dollars; 1 pound exchanged for 1.3132 US dollars, higher than the previous trading day's 1.3047 US dollars; 1 US dollar exchanged for 153.14 Japanese yen, lower than the previous trading day's 154.11 yen; 1 US dollar exchanged for 0.8066 Swiss francs, lower than the previous trading day's 0.8104 Swiss francs; 1 US dollar exchanged for 1.4113 Canadian dollars, basically unchanged from the previous trading day; 1 US dollar exchanged for 9.5682 Swedish krona, higher than the previous trading day's 9.5654 krona.
- 21:21All three major U.S. stock indexes closed lower.Jinse Finance reported that all three major U.S. stock indexes closed lower, with the Nasdaq down 1.9%, the S&P 500 Index down 1.12%, and the Dow Jones down 0.84%. Major technology stocks generally declined: Nvidia and Tesla fell more than 3%, Intel, Amazon, and Meta dropped more than 2%, Microsoft fell more than 1%, while Netflix and Apple saw slight declines; Google rose slightly. Notably, Microsoft has fallen for seven consecutive trading days, marking its longest losing streak since 2022. Robinhood dropped nearly 11%, marking its worst single-day performance since March.
- 21:20Block Inc. Q3 net revenue was $6.11 billion, below expectationsJinse Finance reported that Block Inc.'s net revenue for the third quarter was $6.11 billions, while analysts expected $6.34 billions; bitcoin revenue for the third quarter was $1.97 billions, with analysts expecting $2.28 billions. The company expects gross profit for the fourth quarter to be $2.76 billions, while analysts expected $2.74 billions.