Crypto Fear & Greed Index Rises to 27, Market Shifts from 'Extreme Fear' to 'Fear'

On November 6th. US stock cryptocurrency-related stocks witnessed a decline. Robinhood saw a drop of more than 8% because of lower-than-expected cryptocurrency revenue. Cipher Mining and IREN fell by over 5%, Circle dropped nearly 5%, and Coinbase decreased by more than 3%.

November 6th: Quarles of the Federal Reserve stated on Thursday that the absence of official inflation data during the government shutdown "further emphasized" his cautious attitude towards further interest rate cuts. Quarles said in an interview, "My inclination is that when the current situation remains highly uncertain, we should be more cautious and slow down." Quarles pointed out that the Fed can still obtain various private data on the labor market, including the biweekly unemployment rate estimate newly launched by the Chicago Fed. The latest data indicates that the October unemployment rate may rise to 4.4%, which is the highest level in four years. He stated that this estimate and most other labor market indicators show that "the labor market remains quite stable." "If the labor market begins to deteriorate, we can almost immediately notice signs." However, he also mentioned that alternative data sources for inflation are very limited. Before the government suspended the rele

On November 6th, according to HTX market data, Bitcoin fell below $102,000, experiencing a 24-hour decline of 0.95%.

On November 6th, U.S. stocks opened at a lower level and continued to decline. The Nasdaq dropped by 1%, the S&P 500 index decreased by 0.68%, and the Dow dropped by 0.65%. (FX168)

On November 6th, based on on-chain data, after Stable launched the second phase of the deposit pre-sale activity, it has now accumulated more than $650 million. The second phase of the Stable deposit pre-sale activity will be able to accept up to $500 million in eligible deposits. Hourglass stated that deposits made directly through Etherscan or through programming will not be eligible for the Stable pre-sale activity. Such deposits can be withdrawn by using the redeemNonKYC function on Etherscan. The minimum deposit window of $100,000 will be extended by at least one hour.

On November 6th, as monitored by LookOnChain, the second phase of the Stablecoin Deposit Activity has commenced. More than 60 wallets mistakenly entered the contract address as the receiving address during the deposit process, with a total amount of over $2.34 million. Users are reminded to carefully double-check the receiving address before making a deposit to prevent the misplacement of funds.