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$xNVDA Negative news: Data center approvals tighten, Nvidia drops nearly 5% in one day
The biggest thunder is not the earnings report, but the policy: after the Democrats took control of Congress, the market worries that new data center construction will be blocked; the new governor of Texas has stated a pause on expansion
On November 4th Eastern Time, Nvidia closed down 3.17% at $200.13, XNVDA current price is $198.82, down 4.72% in 24 hours, with a turnover of about $4.65 million, the low point was $197.32
On the same day, Apple rose 5.3%, Microsoft rose 6.7%, funds withdrew from chip stocks that sell shovels to more cash-flow stable cloud providers, CoreWeave dropped nearly 10%, Micron fell over 7%
The next earnings report is not until November 17th, during this gap period, computing power stocks can only fluctuate according to policy expectations.
#美国中期选举：民主党赢得国会两院控制权 $ARB OKX
Ethereum scaling is no longer just about making transactions cheaper. The real challenge is building an ecosystem that keeps users and developers engaged. Arbitrum has established itself in the Layer-2 landscape, but competition is intensifying. Its long-term relevance will depend on application growth, network economics, and whether activity translates into sustainable demand. 1. Conclusion: $ETH is weaker than $BTC, so short ETH instead of shorting BTC. Three pieces of evidence: Decline: BTC is about 0% in 24h, ETH -4.17%. ETH/BTC broke below 0.0300, continuously falling from the morning's 0.03018; the morning logic of "ETH leading the rise" has completely reversed. Fundamentals: Spot ETF has had net outflows for 7 consecutive days (totaling 656 million), with October net outflows of 1.61 billion, the largest monthly outflow since listing. BTC at least still has the ETF as a potential variable, while ETH's ETF is bleeding all the way. With the same decline, shorting ETH yields higher returns than shorting BTC, and ETH lacks a liquidation support level like 78,000. 2. Technicals: Key support has been lost. In the morning report, I marked "2,357 is the real defense line, with resonance of four indicators" — it has already been broken. Current status: Current price 2,329, dropped from 2,385 to 2,321 (-2.7%) within 5 minutes. Daily EMA8 2,321 | EMA21 2,364 | EMA55 2,409 | MA20 2,353. 4H EMA8 2,361 — price has fallen 1.4% below it. MA200 2,158 (the last mid-term defense line). MA50 2,509 (distant overhead resistance). Key level Resistance③2,45In the past hour, the total liquidations across the entire network expanded to $300 million, with BTC liquidations exceeding $89 million$DOT OKX
Polkadot approaches blockchain interoperability from a different direction. Its architecture is designed to connect specialized blockchain environments through shared infrastructure rather than treating every network as an isolated system. The opportunity is significant, but complexity remains a challenge. Making cross-chain experiences simpler for ordinary users could be essential to broader ecosystem adoption.$INJ OKX
Injective is built around financial applications, giving it a distinct position among Layer-1 ecosystems. Its infrastructure supports on-chain financial markets and decentralized trading applications. However, sophisticated technology alone cannot guarantee lasting demand. Liquidity depth, actual application usage, developer participation, and competition from established financial protocols will ultimately determine how sustainable its ecosystem becomes.Ao Ying just took profits of $300,000, now he's going against the trend again, shorting 5,864 $ETH, with a total short position value of $14.2 million, equivalent to 100 million RMB! Margin is $710,000! Leverage 21.88x, liquidation price: 2508.53 (still $92 away from liquidation price) The safety cushion isn't high enough, can he make it out alive this time? 🤔️ $LINK OKX
Smart contracts are only as useful as the information they can reliably access. Chainlink addresses this fundamental limitation through decentralized oracle infrastructure, connecting blockchain applications with external data. Its broader interoperability ambitions also make it relevant beyond price feeds. The important question is whether growing blockchain complexity creates enough recurring demand for its infrastructure. Brothers, Mid-term Intelligence Brother here to report today's position daily.
Macro: $ETH spot ETF net outflow of 1.61 billion in October, RWA outflow of 2.6 billion, Devcon criticized causing community split, 72% of supply facing quantum-resistant transfer;
Technical side signals contraction to 12 seconds.
$BTC rebounded after the election breaking 80,000, liquidating 300 million shorts, but regulatory uncertainty remains, Riot sold nearly 79% of holdings, hash rate price dropped 17.54% hurting miners.
SOL received Schroders' 1.1 trillion asset management on-chain, monthly transactions 3.38 billion, over 1000 days without interruption, Stripe payment launched, but hacker wash trading adds gloom.
Individual stocks: $SNDK fell below 1000 USD today, down 1.97%, Fuxing target price adjusted to 2120, SanDisk earnings exceeded expectations.
Mid-term view: SOL strongest, BTC/ETH bottoming, SNDK technically weak, waiting for a breakout!
#非农在即，就业数据能否强化12月加息预期？ #SonyQ2ProfitUp45%
#SonyQ2ProfitUp45% - BEAT ✅
Operating Profit: ¥622.3B ($3.95B) +45% YoY
Beat estimate ¥505B 🔥
Drivers:
• Spider-Man: Brand New Day 🎬
• PlayStation games 🎮
Full-year outlook raised +9%
Stock closed +7% before earnings
#SONY
#OKXbStocks$BTC
The US spot Bitcoin ETF ended its continuous net outflow, with Fidelity inflows offsetting IBIT redemptions.
FBTC inflows amounted to 236.72 million USD, offsetting IBIT outflows of 201.24 million USD; the US spot Bitcoin ETF ended its previous continuous net outflow.
I believe the capital flow is somewhat positive, but the 4-hour moving average structure remains weak, diverging from the news; I will watch the 77,620.0 support level.
OKX data: BTC 77,951.30 USDT, 24h -1.95%, trading volume 838.9M USDT.
Do you think the ETF capital inflow can help stabilize the market?
Not investment advice. DYOR.
#JPMBTCLongTermForecast returned to the market and reopened a 25x leveraged long position on Ethereum, currently holding 4,500 $ETH, with a position value of about $10.71 million, an opening price of 2366, a current unrealized profit of $63,000, and a current liquidation price of 2364. If $CORE had been shorted since listing, it would have made a fortune by now. A classic move from a while ago, truly legendary! Precisely escaped the top at a high level, dared to decisively enter at a low level, with a total exposure f$ETH bears are running out of excuses.
That breakout wasn't small, and the best part is that ETH hasn't given much of it back.
Price is holding near the highs instead of dumping, even after a massive move.
I'm bullish on ETH. Buyers are defending $2,400, and I expect another push toward $2,450.
This looks like consolidation before the next leg up.#CircleQ3 revenue exceeds expectations, USDC on-chain trading volume grows 49% Many people directly take Circle Q3 revenue and trading volume growth as a buy signal, which is the easiest misinterpretation to make. USDC against USDT is stuck at 1.00088, with intraday fluctuations narrowing between 1.00069 and 1.00116; after the positive news, the premium failed to expand.
An increase in trading volume only means token circulation has become more active; it cannot directly push up the secondary market exchange price. This financial report only proves business growth, while uncertainty on the reserve side still hangs over the market. At this point, I prefer to quietly observe.
Once the price consistently holds above 1.00116, this conservative observation logic will no longer apply.
$BTC $ETH $OKB #索尼Q2营业利润增长45%，上调全年业绩指引 Gaming and imaging businesses drive profits, Sony's fundamentals are strong, and the upward revision of performance boosts market confidence.First, let's look at $BTC: $79,728, up 1.79% After the US midterm elections, the dollar weakened and US stocks rebounded, boosting risk appetite. But the liquidation heatmap shows BTC liquidations of $272 million in the past 24 hours, with shorts accounting for 88.6%! This indicates the previous rise was accompanied by a large number of shorts being forcibly closed. Now that it has fallen back below 80,000, the short-term focus is on support at 79,000, with resistance between 80,000 and 82,000. Looking at this daily chart, the tokenized asset xNVDA is testing a major support line near 189 USDT after dropping sharply from its all time high of 243.24 USDT. Similar to past market cycles where major pullbacks followed rapid pumps, prices often bounce after testing historical lows. Looking back at older moves, heavy dips usually find solid buyers near key support levels before a potential recovery. Can this asset hold this level and climb back to test the 210 to 220 range soon, or will it bZilliqa will transform into an Ethereum L2 while retaining the ZIL token
On November 5, according to the official announcement from Zilliqa, the project will transition from an independent Layer 1 to an Ethereum Layer 2 aimed at regulated institutions, named Zilliqa Institutional Layer; ZIL will continue as the network's sole token, and holders currently do not need to take any action. The project team stated that the usage and ecosystem growth of the independent Layer 1 have not reached sustainable levels, with reduced funding and liquidity, and recent security incidents have also highlighted the costs of independent operation; the team will release technical details before the transition, including the impact on holders, exchanges, and stakers. #非农在即，就业数据能否强化12月加息预期？ $BTC $ETH $SOL Betting on core CPI month-on-month ≥0.3% failed, inflation cooled down, rate cut expectations reemerged, and US Treasury bonds and US stocks entered a window of contention.Superman 100U Dollar-Cost Averaging $BTC ｜ Day 83
BTC has been fluctuating around 80,000 these past few days, touching 81,000 yesterday before being pushed back down, currently still hovering near this level. The spot ETF finally stopped falling and turned positive on November 4, with a single-day net inflow of about 75 million, but there were concentrated outflows in the previous days, so the cumulative net flow this week is still negative.
The macro calendar is quite full ahead: tomorrow is Nonfarm Payrolls, next Tuesday CPI, Friday PPI, and at the end of the month PCE and GDP revisions. These data will directly affect rate cut expectations, and the market is basically waiting for these numbers to be released.
After the last round of hotter-than-expected inflation readings, the US dollar and US Treasury yields rose, causing BTC to give back some gains. This time, the consolidation around 80,000 is more about digesting the repricing of the interest rate path rather than a sudden deterioration in fundamentals.
Don't take daily ETF inflows and outflows too seriously. Institutions reduce positions when weak and add back when stable; this is normal. The cumulative net inflow is still around 56 billion, and single fluctuations do not change the overall fact of net inflows.
Funds in gold are also moving in and out repeatedly; rotation between safe-haven and risk assets continues, and BTC still follows macro sentiment in the short term.
This phase of unclear direction and increased volatility is precisely the most comfortable time for dollar-cost averaging. No need to guess the bottom or wait for all data to come out before buying. Prices will likely shake more violently around Nonfarm and CPI releases, so continuous buying helps to lower the average cost.
Continue executing the dollar-cost averaging plan as scheduled $HYPE Negative news: Paradigm unlocked 2.55 million tokens, with another 180,000 tokens unlocking tomorrow, HYPE dropped 7% in one day
HYPE is currently priced at $80.43, down 7.31% in 24 hours, with a low of 80.25, and OKEx trading volume of $38.3 million
Where is this selling pressure coming from? On-chain data shows Paradigm unlocked about 2.55 million HYPE tokens from HyperCore within two days, worth approximately $224 million, accounting for about 18% of its remaining stake (Cryptonews)
Unlocking does not equal selling, but these tokens are no longer locked, and once transferred to exchanges, they become real selling pressure
On November 6, another 180,000 HYPE tokens from core contributors will unlock, worth about $15.7 million. The monthly model of the unlock calendar estimates about 9.92 million tokens, raising market concerns about the pace of future releases (AInvest, Tokenomist)
ICE and Trade[XYZ] plan to launch a perpetual market based on Hyperliquid in the US, but it is still pending regulatory approval and has yet to generate revenue.
#HYPE再遭亿元解押，日企首度入场 AMD's revenue doubled in last night's earnings report, and its after-hours stock rose as much as 6%, but it opened today down 11%, hitting a new low since July; Qualcomm fared even worse, with its single-day drop being the largest since 2020.
The numbers are clearly not bad, so why the decline? Because the market is no longer pricing based on how much was earned this quarter, but on how long this AI arms race can continue burning cash and who will take the final baton. Earnings reports are about the past; capital expenditures and financing chains are about the future.
My current short position is a bet on this divergence. Many people see the right direction, but very few can hold on. Which type are you?*Version 1 - Full:* > Just now, Brother Maji got fully liquidated and immediately came back - opened a 25x leveraged long on Ethereum again, now holding 4,500 $ETH, position value ∼$10.71M, entry $2366, floating profit $63k, liquidation price $2364. If you had shorted $CORE since listing, you'd be rich by now. > A classic play from back then, truly legendary! > Nailed the top exit perfectly, dared to go in decisively at the bottom, total exposure swinging between $130M-$150M - this wave of timinThis bearish candle on NEAR has put the market's choices on the table.
The surface-level short-term action is quite clear: OKX spot NEAR is quoted at 3.848, down about 7.03% in 24 hours; meanwhile, BTC only dropped about 1.16%. This is not just a normal follow-down, but more like the market first treating the "staking yield cut" as a near-term negative shock.
Looking one layer deeper at the phase structure: the HSP-029 public governance vote has passed, with about 99.9% of voting rights in favor. The maximum annual issuance plan will gradually decrease from 2.5% to 1.6% over about 24 months. But it hasn't actually gone live yet—it still needs Security Council review, about a 90-day buffer, and validator upgrades. The proposal passing ≠ the rules changing immediately; this gap has given room for sentiment-driven trading.
Going further inside is the narrative position: long-term less dilution (roughly 11.8 million fewer NEAR issued over about two years) and near-term gross staking yield dropping from about 5.2% to about 3.3%. The same event is split into two interpretations. I now feel the spot market is trading the yield decline, while the long-term supply improvement hasn't been seriously priced in yet.
Do you prioritize "short-term yield" or "long-term less dilution"? Which of the three layers is most easily overlooked?
#OKX星球话题来啦 $NEAR $BTC 📊 Can Sony's (SONY) earnings report continue to exceed expectations?
I have a positive outlook on Sony's performance this time.
The PlayStation gaming ecosystem, film and entertainment, and music businesses form a stable growth foundation for Sony, while the image sensor business is also expected to bring new growth momentum.
If profitability continues to improve, coupled with an upward revision of the full-year earnings guidance, the market may reassess Sony's valuation.
Of course, we must also be cautious of risks from the realization of positive factors, rising chip costs, and exchange rate fluctuations.
My view: focus on the long-term growth of Sony's core businesses, and in the short term, pay close attention to the stock price reaction after the earnings report.
Do you have confidence in SONY's upcoming performance? Crash right after posting! So accurate! The US stock market is bloodbath! Crypto is also liquidating longs!
A week ago, I started posting about ANT sucking liquidity and opened a hedge position, reducing some altcoin spot holdings. But I didn't expect Trump's big loss and a sudden surge, which made me rethink whether my judgment was correct. After a day of thinking, I posted another warning today (quoted below). I wrote this post at the last minute before watching Treva's talk show, and I was even late. After posting, the market started to drop, so I quickly placed a short ETH order at 2411, which didn't fill, then chased at 2404, adding to my ETH short. I shared my position in real-time on OKX. If I had posted a bit slower, I would have lost my preemptive edge, luckily🤣
The logic for shorting ETHM is clearly explained in my attached chart. With liquidity sucking and hacker dumping, Binance's buybacks will inflate the price artificially, so shorting ETH has a higher probability of winning. The only unknown is when the hacker will dump, because money laundering channels are currently quite blocked and the volume is huge, attracting a lot of attention. However, the hacker is already creating many addresses, and once ready, the action will be very fast.
Previously, when Bybit was hacked, Ben said it would take the hacker several months to launder such a large volume, but only 300 million was frozen, and the hacker finished laundering everything in just over a week, causing ETH to crash, but that happened at a bull market peak.
This time, 550,000 ETH is about to be dumped, which is a very large volume . $CC — Canton Network: The Future of Institutional Finance 🔍
Blockchain adoption in traditional finance is not just about speed; trust, privacy, and compliance matter just as much. Canton is exploring how financial institutions can connect through shared blockchain infrastructure while maintaining control over sensitive data. Its real potential will depend on practical adoption, strong partnerships, and real-world financial activity.
The next big step for blockchain could come from instituti$JTO
Jito occupies an important position in the Solana infrastructure conversation, but understanding its token requires separating network activity from governance value. JTO gives its holders a role in protocol decisions, including upgrades and treasury management. The broader ecosystem's performance can influence attention toward the project, yet governance participation and sustainable token economics remain separate questions. Jito Foundation +1$ALGO
Blockchain performance is only one part of the adoption equation. Algorand's Pure Proof-of-Stake architecture is designed around efficient consensus and network participation. However, technical efficiency does not automatically create demand for a blockchain. Application quality, developer interest, liquidity and real-world integrations all matter. The strongest long-term signal would be sustained usage that doesn't depend entirely on ecosystem incentives. OKX Brazil$MINA
Mina takes a distinctive approach to blockchain verification through its compact, approximately 22KB blockchain design and recursive zero-knowledge proofs. Its architecture aims to make verification more accessible without requiring participants to process an ever-growing blockchain history. The opportunity lies in privacy-focused applications and zkApps, while the challenge remains converting sophisticated cryptography into products people actually use. Mina Documentation +2 Last night when that line pulled up, I watched it for a while. Honestly, I was a bit surprised—but not the kind of surprise like "the bull is back." The midterm elections are over, the market's main concern finally has a result, and the hardest part has always been not knowing what comes next. There's also money slowly coming into ETFs; institutional moves are always slow, so slow you can't see them; by the time you notice, the positions are usually already in place.
The extreme support on the monthly chart hasn't really been broken yet, which I care about. Even if it grinds sideways at a high level in the short term, I'm not too worried about how deep it could fall.
My approach is still to buy on pullbacks. I'll consider entering $ETH at 2420, targeting 2450; for $BTC, I'll buy at 80400, targeting 81200. I've also been watching $ZEC these past two days but won't act yet.
Next up is the #NonFarm payrolls; whether employment data will push the December rate hike expectations further is something to watch closely. For reference only, don't take my words as instructions.$AXS
Axie Infinity offers an interesting case study in the relationship between gaming communities and token economies. AXS has governance and ecosystem-related utility, but a game's popularity alone cannot guarantee sustainable token demand. Player retention, marketplace activity and the balance between rewards and economic participation deserve closer examination. Can blockchain gaming build lasting communities beyond incentive-driven activity? AxieInfinity +1There's a detail I've never quite figured out. The hacker has already broken in, and the owner first posts a note on the door: Situation under control.
That's exactly what happened with Mercado Bitcoin this time. 11 chains were all drained, $48.6 million went out, and they're still draining.
What we ordinary users can do is actually quite boring — when something goes wrong, you simply can't tell which layer is "under control." Is the attack really stopped, or has PR just stopped?
So my current habit is pretty basic: I only keep the portion I need for trading on the exchange, and hold the bulk of $BTC and $ETH myself. It's not about distrust, it's about lacking the ability to verify.
Is this cautious, or just being poor? $CC — Canton Network
Institutional finance is moving toward a more connected digital infrastructure. Canton focuses on bringing financial institutions together through privacy-enabled blockchain technology. Its real potential lies in connecting different financial systems while keeping sensitive information protected. Adoption, real-world transactions, and network growth will be the key factors to watch.
#Canton #CC #Blockchain #RWA #Crypto #OKX$XTZ
Tezos has an interesting approach to blockchain scalability: it doesn't rely entirely on pushing more activity through its base layer. Smart Rollups allow applications to process workloads separately while retaining verifiability through Tezos. The real challenge is turning this technical flexibility into consistent developer demand and everyday usage. Technology matters, but ecosystem participation ultimately determines its relevance. Tezos Documentation +1$IMX
Gaming infrastructure is a different challenge from building another DeFi protocol. Immutable needs to make blockchain interactions feel almost invisible to players. Its ecosystem combines Ethereum scaling with infrastructure designed for gaming and digital assets. However, developer announcements alone cannot establish success. Actual player retention, active games and sustainable in-game economies are much stronger indicators of long-term adoption. Immutable +1$ENS
ENS has moved beyond being a convenient alternative to complicated wallet addresses. Its naming infrastructure can connect identities, wallet records and applications across the Web3 environment. The October 2026 ENSv2 mainnet launch adds another important development to its evolution. The bigger question is whether decentralized naming becomes a standard part of everyday internet experiences. ENS Blog +2After a trading platform claimed it had regained control, money was still flowing out. This is not loss of control; it is loss of control being portrayed as controllable.
In this Mercado Bitcoin hack, the disclosed explanation is: 11 blockchains were attacked simultaneously, with a total loss of 48.6 million USD.
What deserves attention is not the amount, but the phrase "11 blockchains." When a single chain has an issue, it’s usually because a hot wallet’s private key or authorization was compromised; 11 chains being drained together suggests that the signature permissions, operational access, and key management layer as a whole collapsed. In other words, blocking one chain is useless because the attacker holds a cross-chain channel.
The second detail is even more alarming: the official first stated that the situation was "under control," yet the hacker’s actions did not stop. For the custodian, this statement may have cost more than money—it caused users not to withdraw during the critical window when they should have.
Therefore, the significance of this incident for the market is not the 48.6 million figure itself. It serves as a reminder to price the custody risk of centralized exchanges: the risk exposure of $BTC and $ETH held on exchanges never depends on "how big the exchange is," but on how its keys are managed and whether it informs you when something goes wrong.
One point to consider: if the attacker is still active on-chain, when is this attack truly over? Is it when losses stop, or when the official issues a second statement?$ZK
ZKsync faces an important economic question: how does a governance token become meaningfully connected to the activity of its network? ZK plays a role in protocol governance, but additional economic utility is subject to development and community decisions. Network growth and token demand are not automatically the same thing. That distinction deserves attention when evaluating its long-term fundamentals. ZKsync +1$STX
Bitcoin's potential in decentralized finance depends partly on whether its capital can participate in more sophisticated applications. Stacks approaches this through smart contracts and sBTC, which represents Bitcoin on the Stacks blockchain at a 1:1 ratio. The opportunity is significant, but liquidity, security assumptions and actual DeFi demand will determine whether this infrastructure attracts lasting participation. Stacks Documentation +1ETH is still bearish. Although there is some support around 2384, the rebound strength is limited and it has not been able to return above 2400. Long positions can only be considered once it is above 2400. If it falls below 2384 again, try a light short position with a stop loss at 2400, targeting 2360 and 2340. $ETH CC — Canton Network
The future of institutional blockchain may depend on one key factor: trust. 🔍
Canton is exploring how financial institutions can work together through shared blockchain infrastructure while maintaining privacy and control over sensitive data. This approach could make blockchain more practical for traditional finance.
Real adoption, strong partnerships, and useful financial applications will be the signals worth watching.
#Canton #CC #Blockchain #Crypto #OKXTerm Structure Radar
The first-level positive spread for $ETH is very small. The buy near sell far quote spread is +0.5%, with the first-level pair size about $2; at a scale of 10,000, this level only covers about 0.02%. Under small volume, the impact will quickly eat up the spread.
For $SOL, the first-level negative spread of buy near sell far is deeper than the mark spread. Near-month annualized +4.35%, far-month annualized +0.56%, the near end is more expensive; mark near-far spread -0.04%, buy near sell far first-level quote spread -1.36%. Without the first level, the cost cannot be estimated.$BCH trend is as expected, showing a pullback. Previous market characteristics: weak buying momentum, lack of support, selling pressure dominant. Current quote is 283.38, with a phase decline of 85.32%.
In terms of operation, plan to realize partial profits in batches, first taking profits at 50%–60%; for the remaining position, watch the 280 support level, if it breaks, you can continue to hold, with stop loss set above 288. For those who have not positioned in advance, patiently wait for the next signal, market opportunities are not lacking. $SOL $ZEC This round retraced near 80,000, the main driver looks more like a short squeeze rather than a spot subscription surge.
In the past day or so, the entire market's contract liquidations were around 700 to 900 million in volume, with shorts taking the majority; about 70-80% of the BTC liquidation was shorts. The price went up, but the open interest barely followed — it looks more like shorts were forced to buy back, not new longs pushing leverage in.
Why it matters: Relief can be quick, but the second phase depends on spot and ETF taking over. On Wednesday, spot BTC ETF saw about 70 million inflow before continuous withdrawals ended, but a single day of green ≠ a shift in subscription sentiment; flat OI means don’t mistake a short squeeze for a trend reversal.
Confidence: medium-high (media + liquidation panel restatement). What’s your take — are shorts fully cleared, or has spot not yet entered? $BTC $ETH #非农在即，就业数据能否强化12月加息预期？ Currently, BTC remains bearish. Although a double wick support appeared again at 79,500, it failed to break back above 80,000 and remains weak. The current strategy is to short if it breaks below 79,500, with a stop loss set above 79,000. The target is between 79,000 and 78,800. If it can break back above 80,000, go aggressive long with a stop loss at 79,400. For a more conservative approach, wait for a close above 80,200 before attempting to go long. Note the resistance above at 80,700-81,100 $BTC 🩸 MASSIVE BLOODBATH
$780,000,000,000 has been wipedout from US stocks in just 10 minutes.
$BTC
#USJobsReportInFocus $CC — Canton Network
The future of institutional blockchain may depend on one important factor: trust.
Canton is exploring how financial institutions can work together on shared blockchain infrastructure while maintaining privacy and control over sensitive information. This approach could make blockchain more practical for traditional finance.
Real adoption, useful applications, and strong institutional participation will be the signals worth watching.
#Canton #CC #Blockchain #RWA #Crypto #OKX$SNDK Why is SanDisk still falling? Three new solid pieces of evidence tonight
① "Price hike peak" has become obvious (this is the main reason)
Joint venture partner Kioxia publicly warned that the momentum of flash memory price increases is fading (cited by 247wallst, Yahoo). SanDisk’s -13.47% big bearish candle on October 30 was actually caused by Kioxia’s cautious outlook.
Management itself provided corroboration: the contribution of price hikes to quarter-on-quarter growth dropped from about two-thirds in FY26Q4 to about 40% in FY27Q1 (Barron's/Yahoo)—the marginal driving force of price hikes is weakening.
Intel’s CFO said memory price hikes have pushed up PC costs, and customers have signaled demand slowdown in recent weeks, expecting global PC shipments to decline by -12% in 2026 and another -10% in 2027 (reported by KuaiKeJi).
Qualcomm’s earnings report tonight delivered the final blow: mobile chip revenue fell 26% YoY to $5.137 billion, explicitly attributing this to "memory price hikes forcing phone manufacturers to raise prices, suppressing demand," and the new season EPS guidance midpoint is below expectations (reported by Caixin, National Business Daily).
SanDisk FY27Q1 consumer business quarter-on-quarter down 29% to $397 million—these three statements align: this is not an "AI demand collapse," but "the non-AI side cannot sustain this price."
② Data center resistance has shifted from "concern" to "voting results"
The Democratic Party not only took both houses of Congress but also won governorships in Texas, Georgia, and Ohio—three key data center states. All three candidates promised to pause or conditionally pause new data center construction; according to preliminary Ballotpedia data, 40 out of 41 local data center ballot measures voted on the same day as the midterms were unfavorable to data centers; according to Wells Fargo data, 27% of planned data center capacity is located in Texas (reported by The Paper, Caixin). CBS polls show that those opposing new local data centers outnumber supporters by more than two to one. Analysts from Yuanta, Eugene, and others list "Texas approvals + grid connection costs" as core observation windows suppressing storage demand and prices (reported by Zhitong Finance). This has upgraded from "policy speculation" to "measurable project delay risk."
③ Funds are not fleeing but rotating out
On November 4, the Dow rose 3.03% (+1569 points, the largest single-day gain since April 2025), the S&P 500 rose 1.58%, and the Nasdaq rose 1.44%. Microsoft and Amazon rose over 6%, Apple rose over 5%, while SanDisk fell 7.91% (reported by National Business Daily, China Business Journal); on the same day, WTI crude oil plunged 8.29% to $88.12, Brent fell 8.87% to $94.62 (National Business Daily)—easing inflationary pressure strengthened the "buy cash flow-stable giants, sell AI infrastructure" rotation. One more detail: Bloomberg reported Apple lowered some engineers’ AI daily usage cap from $300 to $200 and is considering further reductions to $100 or even $25 (cited by China News Service)—even one of the largest AI buyers is internally controlling AI spending.
IV. How to calculate valuation (using the correct numbers this time)
Forward P/E (consensus basis): TIKR tracks 25 analysts expecting FY2027 normalized EPS of $227.80, FY2028 $287.26 (FY2026 was $70.88). Tonight 940.16 ÷ 227.80 = 4.13x; November 4 closing corresponds to 4.55x. Reports say Tuesday’s close was about 4.4x, a one-year low, far below the 11x historical average (Yahoo/TIKR).
TTM P/E (interface basis): November 4 was 8.18x; market cap on 11/4 was $157.985 billion, converted at tonight’s price about $143.16 billion (157.985 × 940.16 / 1037.40).
⚠️ Do not mix the two bases (one is normalized/NTM, the other is TTM), and cyclical stocks’ low PEs often appear at profit peaks—4x looks cheap, provided that the $227.80 EPS is not peak EPS. This sentence is the core of the current bull-bear divergence.
Major bank target prices (updated 10/30, pre-split basis): Goldman Sachs 2000 (down from 2200), BofA 2000 (down from 2500), Morgan Stanley 1750, Wells Fargo 1300 (down from 1550, equal weight); relative to tonight’s 940.16, these are approximately +113%/+113%/+86%/+38% (derived calculation: target price ÷ 940.16 − 1). But note the direction: target prices have been continuously revised downward in the past week, which itself is a signal.
Magnitude of decline: from the June 25 closing high of 2335 to tonight’s 940.16 is -59.7%; from October 28’s 1404.77 to tonight is -33.1%.
Volume characteristics: November 3 rebound +4.78% with only 8.34 million shares (below the 20-day average volume of 8.73 million), but on November 4 and 5 volume expanded to 11.32 million shares and continued to increase intraday—low volume rebound, high volume decline, no evidence of trend reversal.
V. Stock split countdown (don’t treat the split as a positive)
November 9 is the 1-for-8 record date; new shares will be issued after close on November 19; trading at split-adjusted prices starts November 20. Tonight’s 940.16 converts to about $117.5 per share post-split. The split creates no value; the nominal price dropping to three digits will significantly change retail participation structure and intraday volatility, but regulation and the price hike narrative will not change because of this.Another large BTC on-chain transfer has arrived! $BTC
Trump Media-associated wallet transferred out 4,259 BTC, worth 342 million USD, to Crypto.com. This is already the third similar operation this year.
The official explanation remains that it is custody rebalancing, not selling. But such a large-scale chip transfer at this sensitive moment makes it hard for the market not to speculate.
With the election approaching, the crypto market's expectations are already chaotic, and a large whale move will be used by both bulls and bears to spin narratives.
Whether it is truly selling or not, this kind of on-chain signal will intensify market volatility. Friends holding positions should not take it lightly and manage their positions carefully.
⚠️ This does not constitute investment advice
#BTC进入摩根大通长期预测，机构配置仍谨慎