Group 1 - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping over $3,500 and falling below the $110,000 mark, while Ethereum and XRP also saw declines exceeding 2% [1][3] - In the last 24 hours, nearly $588 million in cryptocurrency contracts were liquidated, affecting over 133,000 traders, with the largest single liquidation occurring on Bybit-BTCUSD valued at $11 million [3][4] - The Federal Reserve's decision to cut interest rates by 25 basis points was overshadowed by Chairman Powell's comments, which dampened market sentiment and led to increased risk aversion [1][5] Group 2 - The Nikkei 225 index opened at 51,146.27 points, down 0.31%, while the Korean Composite Stock Price Index opened at 4,105.95 points, up 0.6%, indicating a mixed performance in the Japanese and Korean stock markets [2] - Powell's remarks highlighted a divergence in views within the Federal Reserve regarding the labor market and inflation, suggesting that the decision for a potential December rate cut is not guaranteed [5][8] - The U.S. Treasury market experienced its largest single-day decline in nearly five months, reflecting the impact of Powell's hawkish signals on market expectations for future rate cuts [7][9]