Odaily Report: US stocks suffered a massive selloff on Thursday, with tech stocks bearing the brunt of the damage. According to MSX.CON data, the Dow Jones, S&P 500, and Nasdaq Composite fell by as much as 2.38%, 3.57%, and 5.35% respectively during intraday trading, while the Philadelphia Semiconductor Index's decline widened to 11.6% at one point, as the AI hardware supply chain experienced concentrated selling. Nvidia dropped as much as 9%, while TSMC, SpaceX, and Tesla each fell as much as 11%.

The Forbes Real-Time Billionaires List shows that the US stock decline significantly shrank the net worth of several global tech billionaires. Elon Musk lost $91.2 billion in a single day, a drop of 10.50%; Dell Technologies founder Michael Dell lost $20.5 billion, a drop of 9.60%; Nvidia CEO Jensen Huang lost $15.1 billion, a drop of 8.70%; Oracle founder Larry Ellison lost $13.2 billion, a drop of 8.05%; and Meta founder Mark Zuckerberg lost $12.9 billion, a drop of 5.98%.

The five billionaires' combined net worth shrank by $152.9 billion in a single day. Musk alone accounted for nearly 60% of the five individuals' total losses. This wealth contraction primarily reflects the impact of falling stock prices of the relevant publicly traded companies on the valuation of the billionaires' holdings.

Odaily reports — According to The New York Times, citing five people familiar with the matter, Iran is reviewing a series of specific nuclear proposals put forward by mediators, indicating progress in Qatar-led US-Iran diplomatic mediation. Over the past week, Qatar held two rounds of talks in Tehran, hosted a third round in Doha, and engaged with Iranian officials in Armenia.

US Vice President Vance has also been actively pushing the negotiations, with both sides reviewing the latest proposals in an attempt to bridge differences. Rezaei, Secretary of Iran's Supreme National Security Council, publicly stated that Iran will not negotiate on the nuclear issue until the US meets Iran's conditions, but people familiar with the matter say he has privately shown greater openness to discussing the nuclear issue. Iran's main demands include unfreezing assets, lifting oil sanctions, and ending the US maritime blockade of Iranian ports. The main disagreement on the nuclear issue concerns the disposition of highly enriched uranium stockpiles: Trump demands that Iran hand over its stockpile, while Iran refuses to ship enriched uranium out of the country, and has previously discussed diluting it domestically under international inspectors' supervision.

Meanwhile, US and Israeli militaries have drawn up target lists for strikes on Iran, including energy and key economic facilities. Iran has warned that it will expand the scope of retaliation if attacked again, and senior Iranian officials are simultaneously discussing withdrawal from the Treaty on the Non-Proliferation of Nuclear Weapons. Gulf states fear that a renewed conflict could affect their own economies, and UAE Presidential Diplomatic Advisor Gargash has called for resolving the crisis through diplomatic channels.

Odaily reports that among candidates endorsed by Stand With Crypto, 27 won their elections, 12 lost, and the outcomes of 6 races remain undetermined. The organization endorsed a total of 45 candidates, nearly half of whom are Democrats.

U.S. House Democrats are discussing expanding the "Crypto Investor and Consumer Protection Act" proposed by Representative Maxine Waters into a broader crypto market structure bill. The plan would grant the U.S. Securities and Exchange Commission (SEC) more regulatory authority and limit the role of the Commodity Futures Trading Commission (CFTC).

Carlos Guzman, Vice President of Research at GSR, said that passing the "CLARITY Act" has become more difficult but is not entirely hopeless. He believes Democrats may demand that the bill include stricter consumer protection and conflict-of-interest provisions. (Decrypt)

Odaily Report: Uniswap posted on X that the Permissioned Pools Hook is a new standard for bringing permissioned assets into automated market makers (AMMs) and enforcing compliance checks at the protocol level.

According to Odaily, Uniswap posted on X that the first permissioned asset has gone live on Uniswap AMM. GromaCorp has integrated real estate issuance and redemption directly into the protocol via the Permissioned Pools Hook.

Odaily Sees: Bitcoin News posted on X that Citi Wealth is currently pitching spot Bitcoin ETFs to its clients. In an October report, Citi described such ETFs as a way to hold Bitcoin through brokerage accounts and allocate it alongside stocks and bonds.

In the two trading days following the Binance hack, U.S. spot Bitcoin ETFs saw approximately $1 billion in outflows. Citi had previously committed to launching its institutional-focused Custody+ Bitcoin custody service "later this year" but has not announced a specific date. VanEck's Matthew Sigel said he heard the hack caused the service's launch to be delayed; Citi has not confirmed this claim.

Odaily: US stocks experienced a broad selloff, with the tech-heavy Nasdaq Composite and Nasdaq 100 indices leading the declines. The S&P 500 fell 2.7%, the Nasdaq dropped about 4%, and the Nasdaq 100 fell 4.52%. The S&P 500 broke below its 100-day moving average and September low, while both the Nasdaq Composite and Nasdaq 100 fell below their 200-day moving averages. A short-term rebound would require reclaiming these key technical levels.

The AI supply chain was hit by a broad selloff, with losses spreading from chips and storage to data center networking equipment, optical communications, AI cloud computing, and power suppliers. Storage stocks including SanDisk (SNDK.O), Western Digital (WDC.O), Micron Technology (MU.O), and SK Hynix (SKHY.O) fell over 10%; chip stocks including AMD (AMD.O), Qualcomm (QCOM.O), and Arm (ARM.O) dropped more than 10%; data center connectivity and optical communications stocks including Astera Labs (ALAB.O), Lumentum (LITE.O), Coherent (COHR.O), Credo (CRDO.O), and Marvell Technology (MRVL.O) fell over 10%; semiconductor equipment stocks including Lam Research (LRCX.O) and Applied Materials (AMAT.O) declined more than 10%; AI cloud computing and data center power suppliers including Nebius (NBIS.O), CoreWeave (CRWV.O), and Bloom Energy (BE.O) also dropped over 10%, with Bloom Energy and SanDisk falling nearly 18%.

Market breadth deteriorated in tandem, with declining stocks on the Nasdaq outnumbering advancers by nearly 4 to 1, on the NYSE by about 2.5 to 1, and on the S&P 500 by roughly 1.6 to 1, indicating the selloff has spread from large-cap tech stocks to the broader market.

Odaily reports that according to Lookonchain monitoring, a certain address was liquidated 8 times in a row, involving a cumulative 201 BTC, worth $15.6 million.

Odaily reports: Institutional crypto platform Anchorage Digital has submitted a swap dealer registration application to the U.S. National Futures Association (NFA) through its entity Anchorage Digital Swap Dealer, LLC, and is currently awaiting review. If approved, the entity plans to offer European-style options on Bitcoin and Ethereum with maturities of up to one year, and will subsequently expand its product offerings subject to internal approvals and regulatory requirements.

Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that the move aims to meet growing institutional demand for regulated digital asset derivatives trading channels. Once registration is complete, institutional clients will be able to trade digital asset derivatives with counterparties regulated by the U.S. Commodity Futures Trading Commission (CFTC), and utilize Anchorage Digital's existing services such as custody. (The Block)

Odaily Report: NVIDIA announced that as AI models scale up, context windows lengthen, and agent applications become more widespread, GPU memory pressure continues to rise, HBM supply is tightening, and prices are increasing. NVIDIA proposes improving memory usage efficiency through co-design across GPU, CPU, networking, storage, and software, rather than simply increasing GPU memory capacity.

Specifically, NVIDIA compresses model weights and KV Cache using the NVFP4 low-precision format, offloads temporarily inactive context to lower-cost storage tiers, and frees up HBM space through multi-GPU distributed deployment.

NVIDIA disclosed that in SemiAnalysis AgentX testing, GB300 NVL72 achieved up to 10x the cost-per-inference throughput of the H200 platform under specific workloads; Vera Rubin NVL72 delivers up to 30x higher cost-per-inference throughput compared to GB300 NVL72, while single-GPU HBM capacity increases by only about 3%.

Odaily report: According to MSX.COM data, U.S. stock market volatility has surged sharply, with the S&P 500 Volatility Index (VIX) at 27.03 points, up 10.42 points, a gain of 62.73%, having touched an intraday high of 27.03 points and further narrowing the gap to the 52-week high of 35.30 points. Meanwhile, the three major U.S. stock indices all fell collectively, with the Dow down 2.38%, the S&P 500 down 3.57%, and the Nasdaq Composite down 5.35%.

According to Odaily, Bitcoin News posted on X that the Moscow Exchange plans to launch a digital currency market on December 1, supporting Bitcoin, ETH, and USDT trading. Trading will take place on the stock market platform, with clearing handled by the National Clearing Center. Trading hours will be from 06:50 to 23:50 Moscow time. Pilot trading will be conducted initially, with participants gradually onboarded. Retail investors must pass a test, and through a single broker, they can purchase up to 300,000 rubles worth of digital currency per year.

Odaily: The Greek Parliament has passed a bill imposing a 10% capital gains tax on cryptocurrency gains, marking Greece's first comprehensive legal framework for taxing crypto assets. Annual cryptocurrency capital gains of up to €500 (approximately $563) are exempt from this tax.

Odaily reports, according to Coinglass data, total liquidations across the network over the past 24 hours have expanded to $1.018 billion, of which long positions accounted for $9.13 billion and short positions $106 million. In addition, Bitcoin liquidations reached $25,400, while Ethereum liquidations amounted to $160 million.

According to Gate data, Samsung Electronics has dropped 14.2% in 24 hours and is currently trading at 137.53 USDT.

Odaily reports, according to Gate data, the Euro Stoxx 50 (EUSTX50) has fallen to 6,200 points, currently at 6,195.60 points, with a 24-hour decline of 1.3%.