Global Market Experiences "Circuit-Breaker" Crash, December Rate Cut in Doubt Amid AI Bubble Theory Leading to Multiple Risks Emerging

By: theblockbeats.news|2025/11/05 03:45:52

BlockBeats News, November 5th. This morning, the crypto market suffered a heavy blow, with the total market value plunging by 4.8% in the past 24 hours to $3.455 trillion. Bitcoin fell below $100,000 in the early morning, and Ethereum touched nearly $3,000.

On Tuesday, the US stock market closed with the Dow Jones Industrial Average initially down by 0.53%, the S&P 500 down by 1.17%, and the Nasdaq down by 2%. Tesla (TSLA.O) fell by 5%, Nvidia (NVDA.O) by nearly 4%, MicroStrategy (MSTR.O) by over 6%. US and European stock index futures also continued to decline. The Euro Stoxx 50 index futures fell by over 1%, the Germany DAX index futures by 1%, and the UK FTSE index futures by 0.4%.

The market is currently facing several risk events, with concerns about an artificial intelligence bubble emerging, and doubts beginning to arise about a rate cut in December. Institutional analysis indicates that the US Supreme Court beginning to consider Trump's tariff powers is another potential source of market turmoil. ADP expects to add 22,000 jobs in October, following a reduction of 32,000 jobs in September.

On Wednesday morning, Asian stock markets followed the overnight sell-off in the US, as investor concerns about high market valuations weakened confidence. The South Korean stock market led the decline with a drop of over 6%, as the KOSPI index fell below the 4,000-point mark. This decline resulted in a cumulative two-day drop of over 7%, marking its worst performance since August 2024. After falling 5% in Korea Composite Stock Price Index 200 futures, a circuit breaker was triggered for the KOSPI index. The Nikkei 225 index fell below 50,000 points for the first time since October 27th, dropping by 3.7% intraday. The Taiwan Weighted Index opened down by 1.67% on Wednesday. The Hang Seng Index in Hong Kong opened down by 0.97%, and the Hang Seng TECH Index opened down by 1.75%. In A-shares, the Shanghai Composite Index opened down by 0.95%, the Shenzhen Component Index opened down by 1.68%, and the ChiNext Index opened down by 2.08%.

Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...

Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains

While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.

Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling

Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.

MiCA reshuffle begins, Binance temporarily bids farewell to the EU

What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.

How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?

The competition logic of exchanges has changed.

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.

Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down

OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...

Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog

WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.

WEEX Launches Depth Chart for Spot Trading

WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.

Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths

The rebound in BTC prices can make all problems simple.

Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline

Overview of Important Market Events on June 29

In the era of AI, what is left of Bitcoin?

AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.