Stocks tied to Elon Musk plummeted, with Tesla falling over 9% and SpaceX dropping more than 6%.

According to data from BIT Stock Platform, losses in US stocks continue to widen: the S&P 500 index’s decline expanded to 3%, the Philadelphia Semiconductor Index fell more than 10%. The Dow Jones Industrial Average’s drop widened to 2%, the Nasdaq fell over 4.8%; Nvidia (NVDA.O) dropped more than 8%, AMD (AMD.O) fell 15.6%, and SanDisk (SNDK.O) fell 19.4%.

According to HTX market data, Bitcoin dropped $4,000 in a continuous slide tonight, falling below $76,000, with a 5.6% decline over the past 24 hours.

According to HTX market data, SOL has dropped below $90, with a 6.7% decline in the past 24 hours.

U.S. stock market volatility surged sharply, with the S&P 500 Volatility Index (VIX) closing at 27.03 points, surging 10.42 points or 62.73%. The index hit an intraday high of 27.03 points, further narrowing the gap from its 52-week high of 35.30 points. Meanwhile, the three major U.S. stock indexes fell across the board: the Dow Jones Industrial Average dropped 2.38%, the S&P 500 declined 3.57%, and the Nasdaq Composite fell 5.35%.

According to The New York Times, while Trump has signaled he is in no hurry to resume bombing operations, the possibility remains. In the past, some presidents, when suddenly facing "backup option" scenarios, often resorted to military action, in part to demonstrate to the public that their authority as commander-in-chief had not been weakened. In 2006, George W. Bush accelerated operations in Iraq after a historic midterm election defeat. Several former U.S. State Department diplomats, Pentagon officials, and military commanders with long-term Middle East experience say Trump may have painted himself into a corner. Pentagon officials and military commanders said Wednesday local time that thousands of U.S. Air Force and Navy personnel, deployed on over a dozen warships and at bases across the Middle East and the U.S., are ready to launch large-scale military operations against Iran again at Trump's order. Relevant officials disclosed that the U.S. and Israeli militaries have developed specific plans for a short but intense military operation, with targets likely to be Iran's energy infrastructure, nuclear facilities, and missile and drone weapons depots.

Binance has submitted a constitutional-level Arbitrum Improvement Proposal (AIP) draft on the Arbitrum forum, requesting the unfreezing of 8,425.997 ETH and 74,559,805.2 ARB previously frozen by the Arbitrum Security Committee, to be returned to its designated recovery address. The assets were frozen after Binance’s hot wallet was attacked on October 29; the Arbitrum Security Committee took emergency action on October 30 to freeze and transfer the funds to a dedicated address. The proposal specifies that the unfreezing will require an on-chain atomic operation identical to that used for the original freeze, with no additional funding requested from the DAO treasury. The process is expected to take approximately seven weeks or longer, encompassing forum discussions, a Snapshot indicative vote, and an on-chain vote.