[Heavy Positions and Valuation Concerns Trigger Tech Stock Pullback] Jon Withaar, Senior Portfolio Manager at Pictet Asset Management, stated that the tech stock pullback is driven by multiple factors, with the core issue being position levels. Globally, both retail investors and hedge funds hold high long exposure to tech stocks. Last night, several CEOs made negative remarks regarding valuations, coupled with the sharp decline in cryptocurrency prices, further dampening market sentiment. This sell-off is primarily position-driven, with stocks that have performed strongly recently experiencing larger declines. In the Asian market, companies like SoftBank and SK Hynix were significantly affected, especially after yesterday's "investment caution notice" targeting SK Hynix, which raised concerns among retail and institutional investors.
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もっと >日本央行9月会议纪要:通缩历史影响加息决策
[Bank of Japan September Meeting Minutes: Deflation History Influences Rate Hike Decisions] The Bank of Japan's September meeting minutes reveal that some committee members remain cautious about raising interest rates due to Japan's long history of deflation, differing from the views of two members who support a rate hike. One member emphasized that the Bank of Japan needs to differentiate itself from other central banks and anchor inflation expectations at 2%. The minutes also disclosed that Governor Kazuo Ueda faced two dissenting votes against maintaining the current interest rate for the first time. While the minutes mentioned the possibility of a rate hike in the near term, they stressed the need for more supporting data. The Bank of Japan will decide its next policy steps on December 19, with markets closely watching for signals of a rate hike and its impact on financial markets.
Bitmine与SharpLink以太坊持仓浮亏扩大至25.7亿美元
[Bitmine and SharpLink's Ethereum Holdings Unrealized Loss Expands to $2.57 Billion] According to strategicethreserve data, Bitmine (BMNR) and SharpLink (SBET) have a combined unrealized loss of approximately $2.57 billion on their Ethereum holdings. Bitmine holds about 3.4 million ETH, valued at approximately $11.32 billion, with a 20% increase in holdings over the past 30 days. The average cost per ETH is $4,037, resulting in an unrealized loss of about $2.4 billion. SharpLink holds 860,000 ETH, valued at approximately $2.86 billion, with a 2.5% increase in holdings over the past 30 days. The average cost per ETH is $3,609, resulting in an unrealized loss of about $170 million. Additionally, the mNAV of the two companies is 0.99 and 0.87, respectively, both lower than the value of their Ethereum holdings. Bitmine's market capitalization is $11.236 billion, while SharpLink's market capitalization is $2.297 billion.
Monad测试网今日升级并完成主网上线前所有行为变更
[Monad Testnet Upgrades Today and Completes All Behavioral Changes Before Mainnet Launch] Monad co-founder Keone Hon announced that at 21:30 (UTC+8) today, the Monad testnet will upgrade from MONAD_SIX [v0.11.6-tn1] to MONAD_SEVEN [v0.12.0]. This upgrade includes adjustments to opcode and precompiled contract pricing, such as increasing the gas cost for cold storage access and the cost of certain precompiled contracts. The Monad testnet will complete all anticipated behavioral changes before the mainnet launch, and the full changelog will be released soon.
Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods
U.S.-China trade tensions are easing, with China suspending additional tariffs on U.S. goods.
巨鲸从 OKX 提取 108,158 枚 SOL 并完成质押
[Whale Withdraws 108,158 SOL from OKX and Completes Staking] On-chain monitoring data shows that a whale withdrew 108,158 Solana (SOL) from the cryptocurrency exchange OKX and performed staking operations. The related assets are valued at approximately $16.2 million. This large transaction has attracted market attention and may have a potential impact on SOL's liquidity and staking ecosystem.