Morning Report | The Nasdaq Composite Index rose by 1.1% on November 6; the central bank responded to the suspension of the Solana event in Shanghai and will investigate the parties involved

Compiled by: ChainCatcher

### Data from the Past 24 Hours

Bitcoin is currently priced at $75,844, down 0.3% in the past 24 hours, with a high of $76,416 and a low of $74,888. Ethereum is currently priced at $2,238.67, unchanged in the past 24 hours, with a high of $2,254.26 and a low of $2,210.00. The current Crypto Fear and Greed Index is at 27, indicating fear, down 24 points from the previous reading. The S&P 500 closed at 7,376.86 points on November 6, up 0.3%. The Nasdaq Composite closed at 24,579.42 points on November 6, up 1.1%. The Dow Jones Industrial Average closed at 51,285.73 points on November 6, down 0.5%.

### Important Events in the Past 24 Hours

**1. [Central Bank Responds to Solana's Shanghai Event Being Halted, Will Investigate Involved Parties](https://www.chaincatcher.com/en/article/2302408)**

A responsible official from the People's Bank of China responded to the halt of Solana's advertising and offline communication activities in Shanghai, stating that relevant departments have jointly stopped the activities and will investigate the involved units and individuals. Solana is accused of conducting virtual currency marketing through domestic entities, and the related activities have been deemed illegal financial activities. The People's Bank will continue to crack down on domestic virtual currency-related business activities.

**2. [Standard Chartered and SBI Invest in Crypto Insurer Soter, Series B Financing of Approximately $66 Million](https://www.chaincatcher.com/en/article/2302160)**

SC Ventures, a subsidiary of Standard Chartered, and Japan's SBI Group have invested in the crypto insurer Soter Insure, participating in a Series B financing led by Galaxy, totaling approximately $66 million. Soter has secured about $23 million in funding along with over 500 BTC and 2,000 ETH. Soter provides insurance for crypto asset losses and plans to use the investment to expand its underwriting capacity and business.

**3. [Paraguayan President Santiago Peña Resigns Due to Ueno Digital Bank's Collapse](https://www.chaincatcher.com/en/article/2302170)**

Paraguayan President Santiago Peña resigned due to the political crisis triggered by the collapse of Ueno Bank. The Central Bank of Paraguay has initiated liquidation procedures for Ueno Bank. Peña is facing scrutiny over his business relationship with Grupo Vázquez, which holds Ueno Bank, and denies any wrongdoing. This crisis has also affected Bybit's Tether pricing.

**4. [Bull Bitcoin Becomes the First Exchange to Support Payjoin Privacy Deposits and Withdrawals by Default](https://www.chaincatcher.com/en/article/2302173)**

Bitcoin-exclusive exchange Bull Bitcoin announced a deep integration with Payjoin, becoming the world's first exchange to offer Payjoin as a deposit and withdrawal option. Payjoin is a Bitcoin on-chain privacy protocol that adds off-chain coordination mechanisms to protect user privacy. Bull Bitcoin has also developed a free open-source Bitcoin self-custody wallet called BULL Wallet.

**5. [Amundi Launches Tokenized Shares of European Stock Index Fund on Ethereum](https://www.chaincatcher.com/en/article/2302174)**

Amundi, in collaboration with CACEIS, has issued tokenized shares of the STOXX Europe 600 stock index fund on Ethereum, which can still be purchased through traditional channels.

### Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of November 7, 08:00

The top five popular ETH tokens in the past 24 hours are: cirBTC, CTM, SQRL, DACITY, USDS

The top five popular Solana tokens in the past 24 hours are: Diamond, COGE, coin, BTC, SKHY

The top five popular Base tokens in the past 24 hours are: AERO, XDP, ELSA, AXIS, NVDAc

The top five popular BSC tokens in the past 24 hours are: BNCB, GM, lying gun, RELAY, CORLA

### What Are Some Must-Read Articles from the Past 24 Hours?

**[How Bad Is the U.S. Stock Market? Hedge Funds Have Already Lost Enough to Lay Off Employees Overnight](https://www.chaincatcher.com/en/article/2302340)**

Several large funds have experienced significant drawdowns, even turning negative for the year, and have begun layoffs, returning funds, and adjusting strategies.

**[Claude's Evolution Speed Has Doubled, 80% of the Increase Comes from AI](https://www.chaincatcher.com/en/article/2302275)**

After 11 weeks of research at Anthropic, METR reported that since October 2025, the progress rate of its model's comprehensive capability AECI is about 1.9 times faster than before, with approximately 80% of the increase likely coming from AI involvement in research and development.

**[Walleye Capital, a Hedge Fund Managing Over $17 Billion, Writes to Investors: Experiencing the Worst Monthly Performance in Six Years, Will Lay Off Employees and Return Funds](https://www.chaincatcher.com/en/article/2302290)**

Industry insiders indicate that the number of hedge funds being liquidated in this round of U.S. stock market declines has reached a new high since 2009.

**[U.S. Stocks Vaporized a Trillion Dollars Overnight, Is the AI Bubble Bursting?](https://www.chaincatcher.com/en/article/2302239)**

On November 5, the three major U.S. stock indices collectively plummeted, with the Nasdaq 100 down 6.4%, evaporating about $2.3 trillion in a single day, and the market value of the seven giants shrinking by over a trillion. Why did AI trading suddenly stall? "Cathie Wood" is increasing her positions in SpaceX and Tesla against the trend.

**[In the AI Sell-off, Buyers Have Disappeared! Goldman Sachs' Trading Desk Phone Was "Blown Up" but No One Took the Bait, Hedge Funds and Retail Investors Withdraw Together](https://www.chaincatcher.com/en/article/2302216)**

Goldman Sachs traders reported that Wednesday was one of the busiest trading days of the year for their stock trading desk, while Thursday was the complete opposite, with investors inquiring how much further the market could drop, yet almost no buying interest was seen; some hedge funds began selling stocks they had just purchased on Wednesday. UBS data shows that the selling pressure on Thursday mainly came from hedge funds. According to estimates from JPMorgan, retail investors net sold about $1.3 billion, marking a new high for daily volume in a year. The "Fear Index" VIX surged to an eight-month high during the session. Investors rushed to buy protective options, with the premiums for major index put options being typically double.