US Stock Futures Dive Further

On November 25th, NVIDIA's decline has broadened to 6.3%, reaching a new low since September 17th. Its total market value has dropped to $4.15 trillion, which is $1 trillion less than its all-time high. On October 29th, NVIDIA's stock price reached a high of $212 per share, and at that time, its total market value was as high as $5.15 trillion.

November 25th: The U.S. stock market kept declining. The Nasdaq dropped by 1%.

On November 25th, Newborn Technology Holdings Limited announced that the company's board of directors intends to conduct a Bitcoin purchase plan on a public cryptocurrency exchange platform, with a total amount not exceeding $5 million (approximately HK$39 million) in order to achieve asset diversification. As of the announcement date, the company has completed the purchase of approximately 24.29 bitcoins at an average cost of $82,338 per bitcoin, with a total investment of approximately $2 million (approximately HK$15.6 million). The company stated that it will select the appropriate purchase time based on market performance and prices. Since the purchased transactions account for less than 5% of the total holdings, they do not currently trigger the disclosure requirements of Chapter 14 of the Hong Kong Stock Exchange listing rules. However, the company will make further disclosures if needed.

On November 25th, based on HTX market data, Bitcoin briefly fell below $87,000, and its 24-hour gain was narrowed to 1.05%.

On November 25th, according to HTX market data, the 24-hour price surge of MON expanded to 56.87%, and its market capitalization rose to $431 million.

November 25th: When the US stock market opened, the Dow increased by 0.28%, the S&P 500 decreased by 0.06%, and the Nasdaq decreased by 0.39%. The parent company of Google, Alphabet, rose by 2%. Earlier reports showed that Google is in negotiations with Meta for a multi-billion dollar deal to supply custom AI chips to Meta's data centers starting from 2027. Nvidia (NVDA.O) dropped by 4%. Regarding cryptocurrency-related stocks, MSTR decreased by 2.26%, CRCL decreased by 5.47%, COIN decreased by 2.71%, SBET decreased by 3.57%, and BMNR decreased by 3.95%.