Core Insights - Nvidia's market capitalization reached $5 trillion, marking a historic milestone for publicly traded companies, achieved in just 113 days, showcasing the explosive growth of AI technology [2][4] - In stark contrast, the cryptocurrency market is experiencing a severe downturn, characterized by capital flight, innovation stagnation, and a collapse of confidence [2][10] Group 1: Nvidia's Market Performance - Nvidia's valuation surpasses that of most countries' annual GDP, with its market cap exceeding the total value of global cryptocurrencies by $1.2 trillion [5] - The company's market cap is over 60% of the combined valuations of Apple and Microsoft, establishing it as a new benchmark in the tech industry [6] - The S&P 500 index has shown strong performance, with a return rate that has outpaced Bitcoin this year, positioning it as a safe haven for capital [6][18] Group 2: Cryptocurrency Market Decline - The cryptocurrency market, once thriving, is now facing a significant decline, with Bitcoin's market cap at approximately $2.3 trillion, accounting for 62% of the total crypto market [7] - Altcoins have suffered greatly, with a combined market cap of about $1.5 trillion, down nearly 30% since the beginning of the year, leading to liquidity crises for many tokens [9] - The shift in capital from cryptocurrencies to stocks is evident, particularly in the South Korean market, where the KOSPI index has surged nearly 71% this year [10][11] Group 3: Internal Challenges in Cryptocurrency - The cryptocurrency market is facing internal issues, with a 30% decrease in the number of developers on GitHub, indicating a halt in innovation [16] - Many altcoins lack clear use cases and have flawed economic models, leading to a reliance on speculative trading rather than real value creation [15] - The absence of regulatory frameworks has exacerbated the uncertainty in the crypto market, highlighted by recent events that have shaken investor confidence [22][23] Group 4: Comparative Analysis with Traditional Assets - In the competition with traditional assets, cryptocurrencies have failed to maintain their "high risk, high reward" appeal, as evidenced by the S&P 500's superior returns supported by solid corporate earnings [18][20] - Gold has emerged as a preferred safe-haven asset, with prices surpassing $4,300 per ounce, while Bitcoin struggles to transition from a risk asset to a reliable hedge [21][22] - The current capital migration reflects a preference for assets with visible profitability and controlled risks, making it challenging for cryptocurrencies to attract investment [24]

截至券商中国记者发稿时，比特币跌超3%报10.62万美元，以太坊跌超7%报3595美元，XRP跌7.5%，BNB、艾达币、 狗狗币跌超8%，Solana跌超11%。Coinglass数据显示，过去24小时内，加密货币市场全网合约爆仓12.78亿美元，爆仓 人数超过34万人。其中，多单爆仓11.62亿美元，空单爆仓1.16亿美元。最大单笔爆仓单发生在HTX -BTC-USDT，价 值3395.87万美元。 | 1小时爆仓 | $727.58万 | 4小时爆仓 | $8240.74万 | | --- | --- | --- | --- | | 念車 | $258.22万 | 念庫 | $6853.41万 | | 空車 | $469.36万 | 空单 | $1387.33万 | | 12小时爆仓 | $8.31亿 | 24小时爆仓 | $12.78亿 | | 参展 | $7.50亿 | 参展 | $11.62亿 | | 空車 | $8149.51万 | 空单 | $1.16亿 | 加密货币，再度飞出"黑天鹅"。 刚刚过去的24小时内，加密货币市场大幅跳水，比特币从11万美元的位置跳水至10.6万美元下方，以太坊一度 ...

"当黄金冲破4000美元、纳斯达克指数狂揽16.17%、标普500稳步上涨11.95%时，被奉为'数字黄金'的比特币全年回报率仅5.78%——连银行定期存款都比 不上！" 2025年初，特朗普就职典礼上的加密狂热欢呼犹在耳边，现实却给了市场一记重拳。 自特朗普1月20日就职以来：比特币上涨5.78%、标普500指数上涨11.95%、纳斯达克指数上涨16.17%。来源：X 10万美元关口三次冲击三次溃败，矿工抛售潮席卷链上，机构资金连夜转向AI赛道，而期权热潮改写游戏规则，比特币的2025年，写满了"失望"二字。 但真正的投资者该看清：所有被时代寄予厚望的资产，都要经历从"野蛮生长"到"主流合规"的阵痛，比特币的2025，不是神话破灭，而是向成熟资产的艰 难蜕变。 潮水退去才知道谁在裸泳，而加密市场的潮水，正在经历一场前所未有的周期重置。 2025年的加密市场，早已告别了"凭信仰就能赚钱"的蛮荒时代。 上市公司持有比特币总供应量超5%，机构化程度空前提升；衍生品市场爆发式增长，期权未平仓合约创下630亿美元历史新高；比特币与宏观经济、传统 金融的联动性越来越强，再也不是可以脱离市场规律独立行走的"另类资产"。 ...

分析人士指出，以太坊生态去中心化金融（DeFi）协议Balancer曝出黑客攻击，损失可能超过1亿美元，该事件加剧了加密货 币市场的恐慌情绪。另外，近日多名美联储官员发表硬派言论，暗示12月再次降息"并非既定事实"，使投资者情绪明显转向 防御。 3 4万人爆仓 近期，加密货币市场波动加剧。11月3日晚间至11月4日早间，加密货币集体"闪崩"。其中，比特币盘中跳水超4000美元，跌幅 一度接近4%；Solana、BNB、狗狗币、艾达币等纷纷跟跌。 加密货币， 再度飞出"黑天鹅"。 刚刚过去的24小时内，加密货币市场大幅跳水，比特币从11万美元的位置跳水至10.6万美元下方，以太坊一度大跌9%，其他 市值更小的加密货币跌幅更大。 Coinglass数据显示，过去24小时内，加密货币市场全网合约爆仓超12亿美元，爆仓人数超过34万人，其中超九成为多单爆 仓。 以太坊盘中跌幅一度超过9%，并跌破3600美元的关键支撑位，较8月22日创下的4885美元高点下跌了约25%。资金面压力也同 步显现：永续合约资金费率自10月中旬以来持续走弱，多家交易所已转为负值，意味着做空者需为持仓付费，反映市场偏空 情绪正在升温。Deri ...

来源：环球时报 【环球时报记者 倪浩 环球时报特约记者 杨逸】编者的话：继美国政府没收柬埔寨电诈集团董事长陈志 价值约150亿美元的比特币后，新加坡警方日前也对其资产进行查扣。此案在全球引发广泛关注的原因 主要有两个：一是比特币作为加密货币，其匿名性和所谓安全性神话被打破；二是美国跨国没收犯罪嫌 疑人资产的行为在国际法层面引发争议。自诞生以来，加密货币的去中心化特点使其备受争议。有专家 对《环球时报》记者表示，以为加密技术不可破解、因此可以为所欲为的认知"太天真了"。与此同时， 加密货币的跨境流动性也引出了全球如何对这种资产进行监管的问题。有观点认为，相关规则的缺乏可 能会威胁世界金融的稳定。 美国《华盛顿邮报》10月14日发表题为《纽约检察官指控商业负责人涉嫌150亿美元加密货币骗局》的 文章，介绍陈志所涉案件。图为报道截图。 不是加密资产首次被没收 据美国《连线》杂志网站、英国广播公司（BBC）等媒体报道，柬埔寨跨国网络赌博集团太子集团董事 长陈志被控参与电信诈骗和洗钱后，英国政府冻结了其位于伦敦的房产，美国政府则没收了他所持有的 12.7万多枚比特币，价值约为150亿美元。陈志拥有英国和柬埔寨双重国籍， ...

在10月历史性的去杠杆事件阴影下，加密货币市场正面临新一轮抛售压力，一项关键指标显示，大型机构投资者的需求正在减弱，加剧了市场的 谨慎情绪。 周一，加密货币市场持续承压，比特币价格跌破107000美元。更广泛的山寨币市场表现更为疲软，部分代币价格已跌回10月闪崩期间的低点，当 时数百亿美元的杠杆头寸被清算。 一个值得警惕的信号是，据Capriole Investments创始人Charles Edwards称，比特币的机构需求七个月来首次滑落至新币挖矿速度之下。这一转变暗 示大型买家可能正在退缩，并与其他市场活动共同指向了整个加密货币市场的避险基调。 市场情绪谨慎，机构需求降温 比特币周一一度下跌4.3%至105300美元附近，虽然自去年12月以来仍上涨约14%，但其近期表现明显乏力。与此同时，追踪前100大数字资产中后 50种表现的MarketVector指数连续第三个交易日下跌，跌幅高达8.8%，今年以来该指数已下跌约60%。 市场参与者表示，距离10月份那场抹去约190亿美元多头头寸的剧烈震荡已过去三周，但其"后遗症"仍在持续。加密货币交易与做市公司Selini Capital的首席执行官Jordi A ...

智通财经APP注意到，加密货币在周一持续承压，比特币交易价格低于10.7万美元，其他山寨币表现更为挣扎——三周前一场历史性清算事件冲击了该类资 产，导致数十亿美元杠杆头寸平仓。 Capriole Investments创始人查尔斯·爱德华兹指出，这是七个月来机构对比特币的需求首次跌破新币产出的速度。尽管这一动向暗示大买家可能正在撤退，但 其他活动显示整个加密市场正呈现避险态度。 追踪前100大数字资产中排名靠后50名代币的MarketVector指数连续第三个交易日下跌，跌幅达8.8%，部分代币重新下探10月闪崩时的低点。该指数今年已 下跌约60%。 比特币周一下跌4.3%至105,300美元左右，但自去年12月以来仍上涨约14%。尽管如此，由于投资者转向对宏观经济动向更敏感的风险资产，比特币近几周 表现仍落后于全球股市，使加密货币在整体积极的全球背景下难以站稳脚跟。 尽管许多人将10月视为加密市场波动性的转折点，但仍有观点认为该类资产价格整体疲软的原因尚不明确。 CoinShares数字资产分析师马修·基梅尔表示："我认为这次回调有些令人费解。"虽然他认同市场"仍在消化清算事件的余波"，但同时通过比特币公开 ...

Market Overview - US stock market showed mixed results with the Nasdaq and S&P 500 indices closing higher, driven primarily by AI-related trades [3] - The Dow Jones Industrial Average fell by 226.19 points, a decrease of 0.48%, closing at 47,336.68 points [3] - The Nasdaq rose by 0.46% to 23,834.72 points, while the S&P 500 increased by 0.17% to 6,851.97 points [3] Cryptocurrency Market - The cryptocurrency market experienced a significant drop, with Bitcoin falling over 3% and Ethereum declining more than 6% [3] - A decentralized finance protocol, Balancer, suffered a hack resulting in losses exceeding $100 million, raising concerns in the market [3] Company Highlights - IREN signed a multi-year agreement worth $9.7 billion with Microsoft to provide access to NVIDIA's GB300 GPUs, boosting market sentiment [3] - IREN's stock rose over 10%, while Microsoft saw a slight decline of 0.2% [3] - Micron Technology led the chip sector with a nearly 5% increase, and NVIDIA's stock rose over 2% [3] - Amazon's stock surged by 4.0%, reaching a new all-time high after announcing a $38 billion deal with OpenAI to run and expand AI operations on AWS [3] Other Notable Stocks - Among other tech stocks, Microsoft fell by 0.1%, Google rose by 0.8%, Apple decreased by 0.5%, Meta dropped by 1.6%, and Oracle fell by 1.8% [4] - Kimberly-Clark's stock plummeted by 15% following news of a potential acquisition of Kenvue for over $40 billion [4] Economic Indicators - The US manufacturing index for October dropped to 48.7 from 49.1 in September, below market expectations of 49.5 [5] - The S&P Global US manufacturing index was revised up to 52.5 from an initial 52.2, showing slight improvement from September's 52.0 [5] - The ISM price index fell last month, providing more grounds for potential interest rate cuts by the Federal Reserve [5] Federal Reserve Insights - The Federal Reserve recently lowered the benchmark interest rate by 25 basis points, with market expectations for another cut next month at 65% [6] - Diverging views among Fed officials exist regarding further rate cuts, with some advocating for more easing while others express caution due to high inflation [6] Bond and Commodity Markets - US Treasury yields showed mixed performance, with the 10-year yield rising by 1 basis point to 4.11% and the 2-year yield falling by 1 basis point to 3.60% [7] - International oil prices experienced slight fluctuations, with WTI crude oil near $64.05 per barrel and Brent crude at $64.89 per barrel [7] - Gold prices saw a minor rebound, with COMEX gold futures for November delivery rising by 0.45% to $4,000.30 per ounce [8]

Cryptocurrency Market - The cryptocurrency market experienced significant volatility on November 3, with Bitcoin dropping nearly 5% and Ethereum falling close to 9%, breaking the critical support level of $3600 [2][6] - As of the report, Bitcoin was down over 3% at $106,442 million, while Ethereum was down nearly 7% at $3588 million [3] - Other cryptocurrencies such as SOL, XRP, BNB, and Dogecoin also saw declines exceeding 8% [2][3] Federal Reserve and Interest Rates - San Francisco Federal Reserve Bank President Daly indicated that previous support for interest rate cuts was appropriate, suggesting a more favorable position for the Fed after a 50 basis point cut this year [6] - Fed Governor Milan expressed that the current policy is overly restrictive and that the neutral policy rate is significantly lower than current levels [6] - The probability of a 25 basis point rate cut in December is estimated at 67.3%, with a cumulative cut of 50 basis points by January having a probability of 22.3% [6] Ethereum ETF Performance - Matrixport reported that Ethereum ETFs have shown lackluster performance recently, with net inflows dropping from $5.2 billion in July to $600 million in October [6] - A continued lack of new capital inflow could lead to a more significant correction in Ethereum's price [6] Oil Market Dynamics - OPEC+ announced a pause in production increases, contributing to rising international oil prices due to changing supply expectations [11][12] - Analysts noted that potential military actions by the U.S. against Venezuela could disrupt 900,000 barrels per day of oil supply [12] - The decision to pause production aligns with OPEC+'s strategy to adjust capacity based on market conditions, especially as the first quarter of the year is typically a seasonal demand lull [12][13] Geopolitical Factors and Oil Prices - Recent geopolitical risks, including tensions in Venezuela and U.S. sanctions on Russia, have influenced oil price movements, with prices rebounding due to these factors [13][14] - Despite short-term price increases, analysts predict long-term downward pressure on oil prices due to expected oversupply and weakening global economic growth [14]

记者 | 金珊 编辑 | 曾静娇 11月3日，美股三大指数集体高开后走低，截至北京时间23:15左右，道琼斯指数跌0.54%，标普500指数跌0.02%，纳斯达克综合指数涨 0.54%。 | | | 消息面上，据财联社报道， 亚马逊网络服务（AWS）和OpenAI宣布建立多年战略合作伙伴关系，提供AWS世界一流的基础设施，以立即开始 运行和扩展OpenAI的核心人工智能（AI）工作负载。根据这项价值380亿美元的新协议，该协议将在未来七年内持续增长，OpenAI正在访问包 含数十万个最先进的NVIDIAGPU的AWS计算，并能够扩展到数千万个CPU以快速扩展代理工作负载。 中概股方面多股下跌，纳斯达克中国金龙指数跌幅扩大至0.64%，小马智行跌超4%，阿里巴巴、 京东集团、 爱奇艺跌超2%。 现货黄金一度站上4030美元/盎司，最新报4025美元/盎司，日内涨0.54%；COMEX黄金期货报4035美元/盎司，日内涨0.97%。 加密货币全线重挫，比特币跌超3%，最新报106159.9美元/枚。截至北京时间11月3日23:44，加密货币全市场近30万人被爆仓。 10天狂揽超760万，前券商大佬转战知识付费 南 ...