The total global cryptocurrency market capitalization is approximately $2.48 trillion, showing overall weakness in the past 24 hours. Bitcoin accounts for about 57.9%-59.5%, with the Fear and Greed Index at 28 (fear zone). Market sentiment remains cautious, with risk appetite affected by macroeconomic factors and tech stock disturbances.  Major coin prices (around 7 AM Beijing time) • Bitcoin (BTC): approximately $71,300-$71,400, down about 3.6%-4.0% in 24 hours • Ethereum (ETH): approximately $2,013, down about 2.2%-2.7% in 24 hours • Solana (SOL): approximately $81.4, down about 3.0%-3.7% in 24 hours • BNB: approximately $654, down about 4.0%-4.6% in 24 hours • XRP: approximately $1.04, down about 1.8%-2.3% in 24 hours • Dogecoin (DOGE): approximately $0.0663, down about 2.0%-3.1% in 24 hours Hyperliquid (HYPE) fluctuated slightly around $72, Zcash (ZEC) around $949, also showing significant pullback in the past 24 hours. Overall, mainstream coins are mainly following the market adjustment, with no significant independently strong performers.  Overnight highlights After the US stock market closed and before the Asian morning session, the crypto market continued to be under pressure. The US CPI data for October exceeded expectations, with the market pricing in a Federal Reserve rate hike in December

The market has mostly digested Jensen Huang's resignation but hasn't truly moved on. On Thursday, the three major indices closed lower. The S&P 500 fell 0.35% to 7592.40, the Dow dropped 189 points to 52297.09, and the Nasdaq declined 0.39% to 25366.09. The Russell 2000 fell nearly 1.7%, with small caps weaker. The S&P briefly approached a 1% drop in the morning session but recovered most losses in the afternoon, closing with just a few points down. The main focus remains Nvidia. Jensen Huang resigned due to a personal scandal, with the stock dropping as much as 14% intraday and its market cap briefly falling below $4 trillion, closing down over 4%. Other chip stocks actually rose, with AMD and Broadcom both up five to six points. The market is not trading on "AI is over," but rather "how much is Nvidia worth without Jensen Huang." Retail investors aggressively bought at the open, indicating faith remains, though prices were initially discounted. On the other side is oil. Trump posted that there is no need to negotiate with Iran anymore, pushing US oil up 2.6% to $88.74 and Brent crude up 3.3%. The energy sector rose 1.5% against the trend, the only one of the S&P's 11 sectors to clearly lead gains. Materials and industrials fell the most, with nine sectors closing in the red. The market is simultaneously pricing in two things: the vacancy of AI leadership and the return of Middle East risk premium. The indices themselves haven't collapsed, just gave back some gains from Wednesday's CoreWeave-driven rebound. The S&P remains less than 3% below its October high. The real issue is that Nvidia's story has shifted from a "growth narrative" to a "governance and succession narrative," while oil prices have pulled inflation expectations back up. After these two forces hedge each other, the index looks