MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

According to BIT (bit.com) market data, the U.S. Nasdaq index’s decline widened to 2.36%, the S&P 500 fell 1.19%, and the Dow Jones Industrial Average dropped 0.58%. Individual stocks posted losses: SPCX fell 2.24%, ORCL dropped 4.42%, GOOGL declined 2.27%, NVDA fell 0.95%, and TSLA dropped 2.97%. For other AI-related concept stocks: Optical module stocks: COHR fell 6.26%, LITE dropped 3.87%, AAOI declined 7.89%, NOK fell 2.51%, MRVL dropped 4.2%; Storage stocks: SKHY fell 6.13%, MU dropped 4.33%, SNDK declined 5.3%, WDC fell 5.16%, STX dropped 5.97%.

According to market data from BIT (bit.com), the Nasdaq extended its decline to 2.2%, the S&P 500 fell 1.11%, and the Dow Jones Industrial Average dropped 0.54%.

According to HTX market data, Bitcoin has dropped below $81,000, with a current price of $80,936. Ethereum has fallen below $2,400, now priced at $2,397.

According to BIT (bit.com) market data, U.S. crypto-related stocks fell broadly, with individual declines as follows: Strategy (MSTR) down 9.9%, Strive (ASST) down 7.97%, SharpLink (SBET) down 6.46%, Bitmine (BMNR) down 6.87%, Bullish (BLSH) down 7.09%, Gemini (GEMI) down 4.90%, Circle (CRCL) down 5.65%, and Coinbase (COIN) down 4.5%.

US President Donald Trump delivered a recent speech on the Russia-Ukraine conflict and Middle East issues, stating: "I know some details of the Russia-Ukraine conflict, and I will make them public at some point. I hope it ends. The Biden administration has done a lot of bad things on the Ukraine issue." When asked about inflation, Trump again claimed: "Oil prices will drop soon. Israel has provided very significant assistance to Saudi Arabia, and the Abraham Accords are once again a topic in Saudi Arabia." (Jinshi)

According to market data from BIT (bit.com), Strategy (MSTR)’s decline has widened to 9.08%, currently trading at $137.5. On the news front, MSCI plans to implement new rules that use operating asset ratios and multiple financial ratio tests to filter out companies whose asset structures and operational characteristics are closer to investment funds than traditional operating enterprises. Strategy, due to its extremely high proportion of Bitcoin assets, has been included in the observation list of potential exclusion candidates. The final affected list is expected to be announced on November 11. Market participants believe that if MSTR is removed from MSCI-related indices, passive funds tracking these indices will be forced to reduce their holdings of its stock, which may generate selling pressure worth billions of dollars and pose a challenge to its model of continuously acquiring Bitcoin through equity financing.