Vanguard holds over $96 million in Bitcoin exposure.

U.S. stocks opened lower, with the Dow Jones Industrial Average down 310 points, the Nasdaq Composite down 375 points, and the S&P 500 down 0.55%.

U.S. stocks opened lower across the board, with the S&P 500 down 0.55%, the Dow Jones down 0.59%, and the Nasdaq down 1.35%. Among large-cap tech stocks, Apple rose 1.70%, Meta rose 1.28%, SpaceX fell 2.24%, AMD fell 2.29%, Amazon fell 3.44%, and Google A fell 12.27%. Among Chinese concept stocks, Pinduoduo rose 1.20%, Bilibili fell 1.28%, NIO fell 1.36%, Li Auto fell 1.67%, Alibaba fell 1.70%, NetEase fell 1.76%, and XPeng fell 2.25%.

The European Central Bank (ECB) decided on Thursday to keep its key deposit rate unchanged at 2.5%, a decision in line with market expectations. In September, the ECB had raised the rate by 0.25%. Despite rising energy costs pushing up inflation, the yield on French 10-year government bonds broke through 5% last week for the first time in over 20 years. Rising yields increased borrowing costs and dampened demand. Henry Cook, an economist at Mitsubishi UFJ Financial Group, stated that policymakers' sense of urgency to take immediate action has diminished following the rise in sovereign bond yields. (Source: Jinshi Data)

Polygon has announced the addition of Solana support to its Open Money Stack (OMS). Businesses can now deposit fiat currency via bank transfers, debit cards, cash, or crypto assets into USDC, USDT, PYUSD, or SOL on Solana through a single integration, storing the funds in a custodial or embedded wallet. The funds can then be routed and exchanged between EVM chains such as Solana, Polygon, Ethereum, Base, and TRON via Polygon Trails, ultimately withdrawing the funds to bank accounts, debit cards, cash outlets, or crypto wallets.

The market has reduced its expectations for interest rate hikes by the European Central Bank, now projecting a cumulative increase of 68 basis points by the end of 2027.