Odaily reports: Financial journalist Charles Gasparino posted on X that the recent sharp sell-off in tech stocks has sparked speculation that one or more hedge funds may be in trouble.

Citing an anonymous CEO of a financial services firm, Gasparino said the number of hedge funds being liquidated has reached the highest level since 2009. The person believes this round of market clearing is necessary and that the market is preparing to form a bottom, but it may still need to withstand further downward pressure before that happens.

According to SoSoValue data, yesterday (November 5, U.S. Eastern Time), U.S. ZEC and NEAR spot ETFs recorded single-day total net outflows of $10.99 million and $773,800 respectively, for a combined net outflow of $11.77 million.

On the ZEC side, the Zcash ETF (ZCSH) saw a net outflow of $10.99 million for the day, with cumulative historical net inflows of $207 million. As of press time, the ZEC spot ETF's total net asset value stands at $724 million, with a net asset ratio of 3.39% and cumulative historical net inflows of $207 million.

On the NEAR side, the Bitwise NEAR ETF (NRR) saw a net outflow of $773,800 for the day, with cumulative historical net inflows of $80.45 million. As of press time, the NEAR spot ETF's total net asset value stands at $58.04 million, with a net asset ratio of 1.19% and cumulative historical net inflows of $80.45 million.

Monitoring shows that in the predict.fun "NBA regular season Warriors vs. Heat" prediction event, the probability of the Warriors defeating the Heat is currently reported at 60%.

At 11 a.m. today, the 2026-2027 NBA regular season features the Golden State Warriors hosting the Miami Heat. Before the game, the Warriors hold a 5-3 record and have won five straight, having defeated the Suns 116:113 in their last game; the Heat sit at 3-5 and rank ninth in the Eastern Conference, having narrowly beaten the Clippers 117:116 in their last game thanks to Klay Thompson's key basket at the final moment of overtime, and they will be playing the second game of a back-to-back.

On the roster side, the Warriors' Butler, Moody, and Santos are out with injuries, and Porzingis will also remain sidelined. For the Heat, although Giannis is dealing with a right wrist sprain, he has been confirmed available to play. The Warriors are expected to start Curry, Podziemski, Lundeborg, Green, and Bassey; the Heat are expected to start Davion Mitchell, Klay Thompson, Wiggins, Giannis, and Adebayo.

Odaily Report: According to on-chain analyst Yu Jin's monitoring, a certain whale's BTC long position worth $33.7 million was liquidated during the decline at 23:00 last night, resulting in a loss of $620,000. At 1:00 AM today, the whale chased a TRUMP short position worth $2.57 million, which was then fully liquidated during the rebound at 2:00 AM, resulting in a loss of $120,000. Both positions were liquidated, and the whale incurred total losses of $740,000.

According to Gate data, the UK FTSE 100 (UK100) fell to 10,650 points and is currently trading at 10,648.37 points, down 2.1% in 24 hours.

Odaily Report: According to a Binance announcement, Binance will distribute dividends corresponding to tokenized securities to users holding IBMB, AAPLB, GLWB, and LLYB, which represent IBM, Apple, Corning, and Eli Lilly respectively. After deducting withholding taxes, fees, and other expenses, the net cash dividends will be reinvested as additional units or fractional shares of the same underlying securities, and users will receive dividends in the form of tokens; users holding the relevant tokens on-chain will receive dividends through a multiplier adjustment mechanism. Snapshot times are in UTC+8: November 10, 08:00 (IBMB), November 12, 08:00 (AAPLB), November 13, 08:00 (GLWB and LLYB). Binance stated that bStocks represent an interest in the relevant securities held by the issuer and are not direct ownership of the underlying shares.

Odaily reports: According to MSX.COM data, U.S. stocks closed with the Dow down 3.44%, the S&P 500 down 4.36%, the Nasdaq down 5.52%, and the VIX fear index up 69.66%. AI concept stocks fell broadly, with Astera Labs down 19.62%, Micron down 17.46%, AMD down 17.26%, Marvell down 16.43%, and Teradyne down 15.24%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily: According to the latest Gate data, the price of gold has risen to $4,092.05/oz, up 0.11% intraday. The price of silver has risen to $51.922/oz, up 1.3% intraday.

In forex, USD/CNH fell 0.03% intraday, with the current exchange rate at 6.66264. USD/JPY rose 0.09% intraday, with the current exchange rate at 157.787.

In global stock indices, the Europe 50 index (EUSTX50) fell 1.8% intraday to 6,179.6 points; the UK FTSE 100 index (UK100) fell 1.79% intraday to 10,692.6 points; the Germany DAX40 index (GER40) fell 0.02% intraday to 26,168.9 points.

In commodities, WTI crude oil rose 0.02% intraday to $91.65/barrel. Brent crude oil rose 0% intraday to $102.65/barrel.

Gate supports users in directly trading traditional financial market products within the platform, providing one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, enabling deep integration of crypto assets and traditional financial assets. Gate TradFi-related functions have been fully integrated into the Gate App and Web端, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the diversified asset allocation experience.

Odaily reports: Renowned tech investor Jason posted on X, saying: "The bottom has already appeared... Tech stock valuations may fall another 10%, but if they really drop to that level, it would be the ideal buying opportunity for me. I will take every penny I can find between the couch cushions and use it to buy the following stocks: TSLA, SPCX, UBER, AMZN, SHOP, MSFT, GOOG, AAPL."

Jason also predicted what will happen next, in the following order:

1. The Democratic Party will force the United States to withdraw from Iran. President Trump will declare victory the way George W. Bush once did with "Mission Accomplished," and will present it as an achievement in his political legacy.

2. The inflation rate will fall.

3. The Democratic Party will shift to supporting the development of data centers and the AI industry. In exchange, they will demand the repeal of tax cuts for the wealthy and impose certain regulations on frontier AI models.

4. President Trump will take credit for the deal. This will become the second victory in his political legacy.

5. The ballroom will be completed. Trump will hold a year-long raucous party. This will become the third victory in his political legacy.

6. A massive pardon extravaganza (Pardon Palooooooza)! The autopen will be busy until it is smoking.

7. The stock market will hit a cyclical high and keep setting new all-time records.

Odaily reports: According to Odaily monitoring, an address reversed its ETH position from a 1,010.24 ETH long to a short, currently holding a 1,406.37 ETH short position valued at approximately $3.16 million. Its contract account has accumulated profits of approximately $40.97 million. During the window, it closed approximately $4.22 million worth of ETH long positions and opened approximately $5.17 million worth of ETH short positions.

Address: 0xfc667adba8d4837586078f4fdcdc29804337ca06; Total PnL: profit of approximately $40.97 million

Odaily: Telcoin stated that final preparations for the Telcoin Network mainnet are underway, with a planned launch in December, at which time the first batch of validators will be onboarded.

Odaily reports: On November 5, the priority fees collected by Hyperliquid reached $521,000, setting an all-time high. This revenue also accounted for a record share of the platform's total daily revenue, reaching 12.7%.

So-called Priority Fees refer to the additional fees users voluntarily pay to validators or protocols in order to have their transactions processed first during intense market competition or network congestion. Yesterday coincided with a historic-level crash in U.S. stocks. Under these extreme market conditions, on-chain liquidation bots, arbitrageurs, and ordinary traders all frantically competed for transaction processing priority in order to execute their intended operations more quickly.

Odaily reports, according to Gate data, Samsung Electronics has dropped 11.0% in 24 hours and is currently trading at 137.69 USDT.

According to Gate market data, South Korea's KOSPI index resumed trading after triggering a circuit breaker, with its decline narrowing to 6.8%. South Korean tech stocks also narrowed their losses, with Samsung Electronics and SK Hynix both paring declines to around 7%.

Odaily reports: US stocks suffered a violent sell-off yesterday, with the Nasdaq 100 just posting its largest single-day decline since the 2020 pandemic, and the S&P 500 shedding $3 trillion in market value today.

Multiple analysts said one of the reasons for the accelerated market decline may be a wave of collective liquidations hitting several hedge funds.

An investor letter obtained by Bloomberg shows that Walleye Capital, a hedge fund with over $17 billion in assets under management, is planning to return some cash to scale down its internal equities business after losing 5.9% in October—its worst month since March 2020.

People familiar with the matter revealed that due to the October performance slump, Anil Gondi, Walleye Capital's head of equity investments, has agreed to part ways with a "substantial portion" of the equities team, with the firm set to focus going forward on core strategies such as volatility, quantitative strategies, and external business.

In addition, market rumors suggest that hedge fund Millennium has withdrawn more than $1.5 billion in leveraged capital from two external portfolio managers, while another hedge fund, Lone Pine, is also facing rumors of outright bankruptcy—though these claims have not yet been confirmed.

According to Floki monitoring, the team is investigating an exploit that occurred today, and the relevant bot service has been taken offline. The team is taking measures to protect remaining user funds and to identify the specific affected users. Affected users will subsequently be migrated to new secure wallets, and remaining funds will also be transferred to them. Floki reminds users not to deposit funds into bot wallets until further notice; if users have exported their private keys and still have funds in their wallets, they should immediately transfer the funds to a wallet they fully control. The official team stated that they will never proactively DM users or ask for mnemonic phrases or private keys, and reminded users to ignore anyone claiming to offer "refund" or "recovery" services.