Axis首席执行官Chris Kim的话戳中核心心态："整体情绪依然谨慎，原生加密交易员非常紧张。"机构投资者的观望尤为明显 ——他们普遍在等美联储下周利率决议，才愿重新考虑加仓风险资产。这种心态直接反映在比特币走势上：10月新高以来近 30%跌幅背后，是多轮抛售中190亿美元杠杆仓位的清理，让市场基础更脆弱。交易员的谨慎还通过稳定币流动体现：分析师 指出，交易所内USDT、USDC余额持续上升，意味着交易员倾向持币观望，而非逢低进场。"这是典型的周期尾部修正，"一 位分析师解释，"投资者用稳定币对冲风险，等ETF资金流稳定和宏观不确定性消散。"更关键的是，这不是顶部信号——顶部 通常稳定币枯竭，现在是累积，说明市场还没到狂欢终点，只是暂时踩了刹车。 特朗普家族代币集体崩盘：名人效应撑不起的泡沫 比特币30%暴跌、特朗普关联代币近乎归零、稳定币余额创纪录上升、恐惧指数连续三周"极度恐惧"——加密市场正经历一场 教科书级的周期尾部修正，但你可能没读懂这背后的信号：这不是末日，而是暴风雨前的屏息时刻。机构等美联储决议、散户 躲进稳定币、名人代币泡沫破裂、MicroStrategy股价暴跌引持仓担忧……所有信号交织 ...

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin's price dropping by 25% over the past two months, raising widespread concerns in the market [1] Group 1: Market Trends - The overall market weakness has amplified the risks associated with meme coins, particularly those linked to the Trump family, with the WLFI token dropping by 51% since its peak in early September [1] - Tokens named after Donald Trump and his wife Melania have seen declines of 90% and 99% respectively from their January highs [1] - The stock price of the American Bitcoin company founded by Eric Trump plummeted by approximately 39% on Tuesday, down 76% from its September peak [1] Group 2: Financial Impact - The recent downturn in the cryptocurrency market has resulted in a loss of over $1 billion in wealth for the Trump family, although their overall wealth remains substantial [2] - The decline reflects the cyclical nature of the cryptocurrency industry, challenging previous assumptions about the sustainability of growth driven by pro-crypto policies during the Trump administration [2] Group 3: Regulatory and Legal Challenges - The "four-year cycle" of Bitcoin suggests that prices typically peak after halving events, followed by significant corrections [3] - Trump's presidency has had a dual impact on the legitimacy of cryptocurrencies, as his attempts to endorse crypto projects have not been successful, leading to rapid devaluation of many projects [3] - The unpredictability of Trump's policies, particularly regarding tariffs, has created uncertainty for investors, as highlighted by comments from industry participants [3] Group 4: Company-Specific Risks - Alt5 Sigma, a company associated with Trump-related cryptocurrencies, has faced financial risks, including the dismissal of senior executives due to ongoing legal issues [4] - Nasdaq has notified Alt5 Sigma that it no longer meets the requirements for continued listing due to failure to timely submit its Q3 2025 financial report, citing reasons such as auditor changes and governance issues [4]

② 【加密货币概念股走强】加密货币概念股盘前走强，Bitfarms涨近4%，Coinbase涨近2.4%，Strategy和MARA Holdings涨超2%。消息面上，比特币一度 逼近94000美元，创11月17日以来的盘中高位，现报92874美元。 ③ 【热门中概股多数下跌】热门中概股多数下跌，哔哩哔哩跌超2%，小鹏汽车跌近1.5%，京东、蔚来汽车跌超1%，拼多多跌近1%，爱奇艺跌0.5%。 ④ 【Marvell涨近10%】芯片设计企业Marvell盘前涨近10%。消息面上，该公司12月2日表示，将以32.5亿美元收购半导体初创公司Celestial AI，并预计第 四季度营收将高于华尔街预期。 ⑤ 【微芯科技涨超3%】半导体制造商微芯科技盘前涨超3%。消息面上，微芯科技上调第三财季净销售额和每股收益的预期，主要是因为期内的预订表现 强劲。 每经记者｜郑雨航 每经编辑｜何小桃 兰素英 ① 【三大期指齐涨】道指期货涨0.17%、标普500指数期货涨0.12%、纳指期货涨0.07%。 ⑩ 北京时间21:15，被称为"小非农"的美国11月ADP就业人数变动发布，在非农数据缺失的情况下，ADP成为市场关注焦点。A ...

Group 1 - The recent market rebound has led investors to refocus on major crypto assets, with Bitcoin (BTC) surpassing $93,000, attempting to recover from a significant drop earlier in the week, although sentiment remains cautious [1][3] - Bitcoin's recovery above $93,000 reversed a substantial sell-off, with approximately $457 million in short positions liquidated in the past 24 hours, including $224 million in Bitcoin and $94 million in Ether [1][3] - The liquidation process has effectively cleared high-leverage positions, providing space for a short-term rebound, while Ethereum has also regained the $3,000 mark, and other major tokens like Solana and Cardano saw gains exceeding 12% [1][3] Group 2 - Despite the price rebound, core market issues persist, including structural risks related to asset exposure adjustments, significant withdrawals from strategy ETFs, and emotional volatility triggered by MSCI methodology reviews [2][4] - The market rebound has been supported by positive news, such as SEC Chairman Paul Atkins announcing plans to unveil details of an "innovation exemption" framework, which is seen as a step towards regulatory clarity [2][4] - Vanguard's decision to allow users to trade crypto-related ETFs and mutual funds has also improved the previously low market sentiment, although the rebound structure is still viewed as "emotional repair" rather than a solid trend reversal [2][4] - The sustainability of the upward trend will depend on whether spot buying can continue to support the market after the liquidation cycle in the derivatives market, with upcoming changes in market depth and spot demand being critical for validating the rebound's continuity [2][4]

Group 1: Market Movements - Dow futures rose by 0.17%, S&P 500 futures increased by 0.12%, and Nasdaq futures gained 0.07% [1] - Cryptocurrency-related stocks showed strength, with Bitfarms up nearly 4%, Coinbase rising about 2.4%, and Strategy and MARA Holdings increasing over 2% [1] - Popular Chinese concept stocks mostly declined, with Bilibili down over 2%, Xpeng Motors falling nearly 1.5%, JD.com and NIO down over 1%, Pinduoduo down nearly 1%, and iQIYI down 0.5% [1] Group 2: Company Developments - Marvell, a chip design company, saw a pre-market increase of nearly 10% after announcing a $3.25 billion acquisition of semiconductor startup Celestial AI, with Q4 revenue expected to exceed Wall Street estimates [1] - Microchip Technology, a semiconductor manufacturer, rose over 3% in pre-market trading after raising its Q3 net sales and earnings per share forecasts due to strong booking performance [1] Group 3: AI and Technology Advancements - HSBC raised the target price for Google’s parent company Alphabet from $335 to $370, citing the success of the Gemini 3 series large language model in mitigating potential AI disruption risks to its search business [2] - Amazon's AI startup Anthropic announced its first acquisition of the development tools startup Bun, with financial terms undisclosed [2] - Amazon Web Services launched its latest AI chip, Trainium 3, which aims to provide cost-effective and efficient computing power for AI models, competing with Nvidia's leading GPUs [2] Group 4: Energy Sector Developments - Google and Chevron-backed TAE Technologies are advancing the commercialization of neutral beam technology through a joint venture with the UK Atomic Energy Authority, with UKAEA planning to invest £5.6 million in the project [3]

每经AI快讯，12月3日，美股加密货币概念股盘前走强，Coinbase上涨2.4%，Bitfarms上涨3.9%， Strategy上涨2.1%。 （文章来源：每日经济新闻） ...

2025年末的加密货币市场，用一场惨烈的下跌给全球投机者上了生动一课，比特币闪崩跌破关键价位，各类币种集体下挫。 数十万人爆仓的背后，不仅是数字泡沫的剧烈收缩，更牵扯出一场横跨全球的经济博弈。 为何曾经被奉为数字黄金的加密货币，如今沦为财富收割机？中美两国对待它的截然不同的态度，又藏着怎样的底层逻辑？ 这并非孤立事件，而是连续数周抛售潮的延续，自10月初比特币创下126250美元的历史新高后，短短一个半月内累计回撤超30%，2025年以来的全部涨幅已 然蒸发殆尽。 更值得注意的是，加密货币市场的动荡早已传导至股市，美股三大指数集体收跌，加密货币概念股成为重灾区，热门科技股多数走低。 市场的连锁反应背后，是资金对高风险资产的集体撤离，是什么因素，让曾经备受追捧的加密货币，一夜之间沦为资金避之不及的烫手山芋？这就不得不提 到全球宏观经济环境的微妙变化。 12月初的加密货币市场，寒意刺骨，比特币早盘突发闪崩跌破8.7万美元，晚间再度下探至83786美元，创下自4月以来的新低，日内跌幅一度高达8%。 紧随其后的以太坊也未能幸免，价格跌破2800美元关口，日内跌幅超6%，XRP、BNB等主流币种更是集体沦陷，跌幅均突破 ...

Core Viewpoint - Following a rebound in cryptocurrency stocks, traders are anticipating payroll data that is expected to influence the Federal Reserve's decision on interest rates next week [1] Group 1 - Cryptocurrency stocks experienced a rebound on Tuesday [1] - Traders are closely monitoring upcoming payroll data [1] - The payroll data is likely to guide the Federal Reserve's interest rate decision [1]

Core Viewpoint - Global stock markets are stabilizing following a rebound in U.S. stocks, with cautious sentiment prevailing ahead of key interest rate decisions from the Federal Reserve and the Bank of Japan [1] Market Performance - U.S. stock index futures rose nearly 0.2%, with the S&P 500 futures at 6853.00, up 12.75 points [1] - European and Asian stock indices showed mixed results, with the Euro Stoxx 50 up 0.4% and the Nikkei 225 closing up 1.1% [4] - The 10-year U.S. Treasury yield decreased by 1 basis point to 4.08%, while the 10-year Japanese government bond yield increased by 3 basis points to 1.885%, the highest since June 2008 [4] Economic Data and Expectations - Upcoming U.S. economic data releases include the November ADP private sector employment report and the September Personal Consumption Expenditures (PCE) price index, which are expected to influence market sentiment [1] - Analysts express concern that any unexpected positive data could lead to a short-term market pullback, given the current dovish market expectations [1] Commodity and Cryptocurrency Trends - Oil prices increased, with WTI crude oil rising over 0.4% to $58.9 per barrel, while silver prices fell slightly after reaching a historical high [4] - The cryptocurrency market remains active, with Bitcoin rising 2.5% to $93,892.01 and Ethereum up 2.8% to $3,081.45 [4][8] Currency Movements - The U.S. dollar index fell over 0.2% to 99.1, while the Indian rupee dropped to a historic low against the dollar, reflecting ongoing pressures from trade negotiations and capital outflows [4][10]

智通财经APP获悉，在加密货币市场正寻求从持续数周的抛售中复苏之际，比特币周三延续反弹势头， 一度涨2.5%至93900美元，创下自11月17日以来的最高水平。截至发稿，比特币报93262美元，以太坊 等其他主要加密货币也小幅走高。但值得注意的是，交易员仍保持谨慎，市场情绪也依然脆弱，整个加 密货币市场压力犹存的迹象持续存在。 比特币在10月初一度涨至126,251美元的历史高点，但自那以后便经历了一轮惨烈抛售，整个加密货币 市场的市值则蒸发了超过1万亿美元。比特币近日的反弹为此前持续数周的溃败提供了短暂的喘息机 会。Coinglass的数据显示，最新的反弹行情导致过去24小时内总价值约4亿美元的加密货币看跌头寸。 与此同时，交易员仍保持谨慎，市场情绪依然脆弱，整个加密货币市场压力犹存的迹象持续存在。 FalconX亚太区衍生品交易主管肖恩•麦克纳尔蒂(Sean McNulty)表示："我们没有看到上方有大量买家。 市场情绪依然脆弱。"加密货币投资者信心的一个晴雨表是在美国上市的12只比特币现货ETF。数据显 示，这些基金周二获得了5900万美元的资金流入，而麦克纳尔蒂对这一规模的资金流入描述为"微弱"。 市 ...