WSJ: Market Sell-Off Intensifies, Tech Stocks, Cryptocurrency, and Gold All Plunge
On November 18th, as reported by WSJ, both the S&P 500 and Nasdaq crossed below their 50-day moving averages for the first time in 138 trading days. Additionally, the Dow Jones Industrial Average experienced its worst three-day decline since April.
On Monday, the sell-off in the financial markets grew more intense, impacting various assets such as gold, cryptocurrency, and high-flying tech stocks. This led the Dow Jones Industrial Average to enter its worst three-day performance since the tariff-related turmoil in April during Trump's tenure. Recently, investors have been selling off assets in anticipation of an upcoming crucial test: whether the artificial intelligence craze and the economic growth that has been propelling the stock market to new record highs in 2025 can be sustained into the new year.
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Binance Wallet will cease supporting ARC-20 assets
On November 18th, as per an official announcement, Binance Wallet will cease to support ARC-20 assets starting from 18:00 on December 15th, 2025 (GMT+8). Subsequently, users will be unable to view, send, or receive ARC-20 assets within the Binance Wallet.
Users' ARC-20 assets remain securely stored on the Bitcoin blockchain. This alteration merely impacts the display and management of such assets within the Binance Wallet; users' assets will not be lost or frozen. Once the support is discontinued, users can continue to manage and trade ARC-20 assets by importing their wallet into other platforms that support the ARC-20 protocol, such as the official Atomicals Wallet.
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Andrew Tate's Bitcoin Long Position Liquidated, Losing $112,000
On November 18th, as monitored by OnchainLens, the relevant address (0xb78) of former world boxing champion and millionaire Andrew Tate, which held a long Bitcoin position, was liquidated, resulting in a loss of $112,000. Currently, Tate's account only has $984 left.
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A whale address rug pulled 31,000 ETH 6 hours ago, resulting in a $18.8 million loss over 2 weeks.
On November 18th, as per the monitoring of LookOnChain, a whale address sold 31,005 ETH (amounting to $92.19 million) 6 hours ago. During just 2 weeks, it suffered a loss of $18.8 million.
From November 3rd to November 10th, the whale had been purchasing during market dips and acquired 30,838 ETH at an average price of $3,581 per ETH (valued at $110.43 million at that time).
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The SEC has released its Fiscal Year 2026 Examination Priorities document, removing the Cryptocurrency Specialized Area chapter.
On November 18th, as reported by Cointelegraph, the latest annual priorities document for the 2026 fiscal year issued by the U.S. Securities and Exchange Commission (SEC) has substantially eliminated the previously frequently encountered special chapter dedicated to cryptocurrency. This action appears to be in harmony with the support given by former President Trump to the crypto industry.
The examination department of the agency released its annual work priorities as of September 30, 2026, without specifically making any reference to cryptocurrency or digital assets. Nevertheless, the SEC stated that the listed priorities are "not an all-inclusive list of all areas of focus for the coming year." During Trump's tenure, the U.S. crypto industry witnessed significant growth - the government continuously strived for regulatory relaxation, and his family also expanded into the crypto field through exchanges, mining, stablecoins, and token businesses.
Under the leadership of former Chairm
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Hashed Partner: This current bear market has not seen significant fear, and the cryptocurrency fundamentals have irreversibly turned for the better.
On November 18th, Simon Kim, the CEO and Managing Partner of Hashed, stated on social media:
"To be honest, as someone who has experienced all bull and bear markets in the crypto space since 2015, this is the first time I haven't felt significant fear during a bear market. Asset contraction is still painful - the common fate of all bear markets - but this time is fundamentally distinct.
In every previous bear market, there was an existential anxiety, fearing the complete annihilation of this technology and market. The threats at that time were obvious: governments could collectively prohibit crypto assets, or a new ledger technology could disrupt blockchain. However, regardless of daily price fluctuations, this bear market no longer has these fundamental concerns.
Global regulation is evolving to promote the growth of the industry rather than suppress it. More and more institutional investors are recognizing the value of such assets. The listing of IBIT as a top holding by the Harva
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