AI Deals Hit by Sell-Off, Nasdaq Loses $2.5 Trillion in Market Value in a Single Day AI deals faced selling pressure, causing a broad sell-off in tech stocks, with the Nasdaq losing approximately $2.5 trillion in market value in a single day. Following the US midterm elections, the rise of political forces opposing the unchecked expansion of AI, coupled with weaker-than-expected earnings from tech giants and uncertainties surrounding the data center construction outlook, led to the sell-off in AI deals. (Source: Jinshi Data)

AiCoin data shows that the cryptocurrencies with the most significant price fluctuations currently include: Unusual upward movement: • UVXY: 24-hour increase of 17.33%, trading volume increase of 1114.48% • CLANKER: 24-hour increase of 16.78%, trading volume decreased by 71.47%. • IREN: 24-hour increase of 10.87%, trading volume increase of 24.29% Abnormal downward movement: • AIO: 24-hour decline of 14.89%, trading volume increase of 175.71% · KORU: 24-hour decline of 14.64%, trading volume increase of 68.12% · AKE: 24-hour decline of 13.17%, trading volume increase of 29.79% Among them, UVXY and AIO saw the most significant increases in trading volume, indicating a marked amplification of short-term trading activity. Cryptocurrencies exhibiting unusual price movements may experience significant volatility; please be aware of position and leverage risks. Data is for reference only and does not constitute investment advice.

U.S. stocks fell sharply on Thursday, with the Nasdaq closing down 5.52%, the S&P 500 down 4.36%, and the Dow Jones down 3.44%. Investors accelerated their withdrawal from technology stocks due to concerns about a slowdown in data center construction. Vermont Senator Bernie Sanders called for a nationwide halt to data center construction, saying the American people do not want to see large tech oligarchs destroy the environment and cut jobs. Orion Chief Investment Officer Tim Holland stated that investors are choosing to wait and see until they can more clearly assess the impact of the election results on the AI capital expenditure cycle. The key lies in the subsequent tone and stance of the parties that achieved significant gains at the federal and state levels.

On November 6, CME FedWatch data showed that the probability of the Federal Reserve keeping interest rates unchanged in December was 31.3%, and the probability of raising interest rates by 25 basis points was 68.7%. The probability of the Federal Reserve keeping interest rates unchanged until January next year is 27.0%, the probability of a cumulative rate hike of 25 basis points is 63.6%, and the probability of a cumulative rate hike of 50 basis points is 9.5%.

Hyperliquid Strategies subsidiary has applied to become a Futures Commission Merchant (FCM). Upon approval, the subsidiary will host US client accounts for licensed HIP-3 markets on Hyperliquid.